21 replies to this topic

[d0n1wag]

Amazing how Ron Paul got so few votes in the primaries.

Ron Paul on the 700B giveaway.

[Pulp_Cutter]

I''m writing him in. nm

[TheWolf]

... Bernie Sanders

[d0n1wag]

Paulson appeared to be looking at a freight train barrelling down the track at 90 MPH on a 6% downgrade.

[harriet]

Bernie only looks at the poor people who were "lured" by evil mortgage companies into "mortgages they couldn''t afford".  Oh my!  He leaves out, of course, the stupid CRA mandate voted for by him and his ilk [Maxine "run her mouth" Waters, et al] forcing the evil mortgage companies to make mortgages people couldn''t afford.  

And, so it goes........selective recall.

[Pulp_Cutter]

Murphy sure out done himself to pick this stretch of track
I can only hope my luck is ridin'' in the back.
Well I have pray to God this ain''t the day we meet,
I''ve done about everything, but try dragging my feet.

900,000 tons of steel, made to roll.
The brakes don''t work and this grade''s too steep, her engine''s sure to blow
900,000 tons of steel, out of control,
She''s more a rollercoaster than the train I used to know.

[meg-abear]

I just read that when you write a candidate in, they sort the votes in piles of Pres AND VP.  So, if a five million vote for RP with one VP and two million vote for him with anothre VP they wouldn''t be counted together.

I dont'' know if this is really how it works; I just saw it on a RP email list.

Anyone here know?

[Pulp_Cutter]

The credit bubble''s roots are waaaaay beyond CRA.  Don''t bother trolling that BS here.  

Politicians ensure their re-election by making sure the economy is good in the short-term.  So, there''s a built-in bias to deficit spend, and/or lower taxes without lowering government spending.  Reagan ran up a bigger deficit than all his predecessors combined (going back to Honest George).

[sss355]

it is all the fault of Negros getting the right to vote. Reagan was right, we should not have passed the civil rights act.

Moreover, the entire credit default swap was a creation of Bill Clinton in 1999. And Bush in 8 years was completely unable to undo this evil act.

All hail the GOP.

[Cassius]

I''ll be writing in Ron Paul as well.

[harriet]

Hey, BS evidently is your specialty.  The facts are the facts dude.  Were republicans culpable in all this?  You bet!  But it isn''t a one-sided deal.

[sss355]

Answer two questions:

1) what percentage of subprime mortages were guaranteed or securitized by FNMA and FHLMC?

2) What does the CRA have to do with CDS?

[harriet]

CRA has plenty to do with CDS and products created to facilitate subprime mortgages.  CDS''s allowed mortgage lenders to create and unload product.

[TheWolf]

The poor forced the GSEs to issue agency debt at exponential rates to maintain the posh inner city lifestyles that they have been accustomed to !

The poor forced the banking cabal to concoct no income, no job, no assets, no down payment, no payment loans and deal them out as wildcards in games of high stakes securitization poker.

[sss355]

Wow! now I''ve heard everything.  

So the GOOPER talking point are

The subprime mess was caused by

Abe Lincoln freeing the slaves,

LBJ getting the civil rights and fair housing acts passed,

Jimmy Carter deregulating airlines,

and Bill Clinton forcing FNMA and FHLMC to lend to minorities.

The $63 trillion (now $53 trillion) CDS market is all a result of this 1999 action by Bill Clinton.

The GOP has been powerless to stop this for 8 years.

RAS you need to add this to your Ras Pedia.

[harriet]

Are you okay?  Run out of meds?  My goodness what emotional insane off topic rants.

[sss355]

Well said, Harriet. Better turn back to Fox News, Bill O''Reilly has a news alert about how Obama is a Nazi.

[silvergolong]

expect?

Of course he''s going to focus on only one side of this. A linchpin of Socialist/Communist philosophy is that everybody is a "victim".

Of course we know that-- almost always-- it takes two to tango. "You can''t cheat an honest man" is about as true a statement as there ever was.

[eswan]

Yeah, and lets not forget it was the Blacks, Hispanics and "Welfare moms" that forced the banks, investment banks, hedge funds and prfivate equity boys to lever up 40 to 1.