The current financial crisis

[TheAnvil 0]

From the great Boortz

Vinny the Anvil
Post Traumatic Didn't Make The Lakers Syndrome is REAL
JACKASS POWER!!!!!!

[akarunway 1]

Quote

From the great Boortz

Couldn't get your link. here's another. Taxpayers on the hook for a fuckin trillion dollars. http://www.politico.com/news/stories/0908/13602.html While the boys are reaping it in again on Wall St.

I hold it true, whate'er befall;
I feel it, when I sorrow most;
'Tis better to have loved and lost
Than never to have loved at all.

[airdvr 210]

Spot on!

Please don't dent the planet.

Destinations by Roxanne

[billvon 3,120]

Summary:

Political correctness caused it, the liberals are trying to blame someone else (like insurance company executives) and Obama is orchestrating a massive coverup to silence anyone who tries to tell the truth. Everything would have been fine if there had only been less regulation.

[piper17 1]

If you say so. But, you neglected to mention the Fannie Mae / Freddie Mac honchos who made millions during the run up to this fiasco and are now advising Obama on economic matters.

"A man can never have too much red wine, too many books, or too much ammunition"...Rudyard Kipling

[riddler 0]

Well, let's see:

1. For the last 10 years, McCain has been pushing hard to deregulate housing.
2. Housing people got greedy, giving bad loans, way under-valued to people that didn't deserve it.
3. Housing collapses.
4. White house authorizes tax payers to bail out the greed brokers.
5. McCain now says he wants to Regulate Housing!

Have the GOP finally realized the errors of their ways?

Or is deregulation the new trickle-down economic theory (which didn't work either)?

Trapped on the surface of a sphere. XKCD

[piper17 1]

Don't know where you get your information but McCain has been railing about the Fannie Mae / Freddie Mac coming day of reckoning since at least 2003.

Barney Frank has been trying to rebut...bad choice of words where Barney is concerned, I guess...McCain's warning.

"A man can never have too much red wine, too many books, or too much ammunition"...Rudyard Kipling

[kallend 2,150]

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Don't know where you get your information but McCain has been railing about the Fannie Mae / Freddie Mac coming day of reckoning since at least 2003.

Barney Frank has been trying to rebut...bad choice of words where Barney is concerned, I guess...McCain's warning.

McCain must have changed his mind after 2005, as he did NOT cosponsor the Senate bill in 2007.

Why did the GOP controlled Senate not act in 2005 on Hagel's bill?

Barney Frank's 2007 HR1427 bill passed the House though.

And one wonders why the 108th Congress (GOP controlled) did nothing about the six housing regulatory reform bills introduced.

...

The only sure way to survive a canopy collision is not to have one.

[billvon 3,120]

>but McCain has been railing about the Fannie Mae / Freddie Mac coming day
>of reckoning since at least 2003.

Been listening to Rush too much I fear. McCain, last year:

"This whole new derivative stuff, and SIBs and all of this kind of new ways of packaging mortgages together and all that is something that frankly I don't know a lot about. But I don't know of hardly anybody, with the exception of a handful, that said 'wait a minute, this thing is getting completely out of hand and is overheating.' So, I'd like to tell you that I did anticipate it, but I have to give you straight talk, I did not."

[livendive 8]

Still, he was against regulation before he was for regulation. You see, he flipped, before he flopped. Of course he also married into massive amounts of money (after leaving his first wife for getting ugly), and he was a terrible pilot in the military.

Ah...echoes of the last election.

Blues,
Dave

"I AM A PROFESSIONAL EXTREME ATHLETE!"
(drink Mountain Dew)

[kallend 2,150]

Quote

>but McCain has been railing about the Fannie Mae / Freddie Mac coming day
>of reckoning since at least 2003.

Been listening to Rush too much I fear. McCain, last year:

"This whole new derivative stuff, and SIBs and all of this kind of new ways of packaging mortgages together and all that is something that frankly I don't know a lot about. But I don't know of hardly anybody, with the exception of a handful, that said 'wait a minute, this thing is getting completely out of hand and is overheating.' So, I'd like to tell you that I did anticipate it, but I have to give you straight talk, I did not."

This is the "Keating Five" McCain we're discussing, too.

...

The only sure way to survive a canopy collision is not to have one.

[mnealtx 0]

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This is the "Keating Five" McCain we're discussing, too.

What did "Rezko and Lehman Bros fund recipient" Obama have to say about it?

Mike
I love you, Shannon and Jim.
POPS 9708 , SCR 14706