Washington.– John McCain accused Barack Obama of compiling "the most liberal voting record in the United States Senate" Friday night as the two rivals clashed over taxes, spending, the war in Iraq and more in an intense first debate of the White House campaign.
"Mostly that's just me opposing George Bush's wrong-headed policies," shot back the Democrat. Obama said his Republican rival has been a loyal supporter of the unpopular president, adding that the current economic crisis is "a final verdict on eight years of failed economic policies promoted by President Bush and supported by Sen. McCain."
The two men were polite but pointed as they debated at close quarters for 90 minutes on the University of Mississippi campus. McCain accused his younger rival of an "incredible thing of voting to cut off funds for troops in Iraq and Afghanistan," a reference to legislation that cleared the Senate more than a year ago.
Obama disputed that, saying he had opposed funding in a bill that presented a "blank check" to the Pentagon while McCain had opposed money in legislation that included a timetable for troop withdrawal.
Obama opposed the invasion of Iraq in 2002, before he was a member of Congress, while McCain voted in the Senate to authorize the war. "You were wrong" on Iraq, Obama repeated three times in succession. "John, you like to pretend the war began in 2007."
McCain replied that Obama has refused to acknowledge the success of the troop buildup in Iraq that McCain recommended and Bush announced more than a year ago.
Written by: josean, 27 Sep 2008 2:21 AM
From: United States
OBAMA knocked him through the ropes!
Written by: josean, 27 Sep 2008 2:34 AM
From: United States
Written by: josean, 27 Sep 2008 3:02 AM
From: United States
Written by: josean, 27 Sep 2008 3:11 AM
From: United States
Written by: josean, 27 Sep 2008 3:39 AM
From: United States
From: Spain, Sanlucar de Barrameda..Coto Doñana
time for nappy josean go back to your room ....let some of the other patients use the computer
From: Spain, Sanlucar de Barrameda..Coto Doñana
Written by: josean, 27 Sep 2008 8:01 AM
From: United States
Another propaganda piece form the right wing "Lunatic Fringe!"
Written by: josean, 27 Sep 2008 8:10 AM
From: United States
Written by: josean, 27 Sep 2008 8:17 AM
From: United States
Written by: josean, 27 Sep 2008 9:06 AM
From: United States
Written by: abc200, 27 Sep 2008 10:10 AM
From: United Kingdom
From: United States, Houston
...
http://www.youtube.com/watch?v=H5tZc8oH--oTruly an exceptional video, the music is fantastic. This ties in with what I said the other day about WHEN this mess got started and WHO started it. For those of you here who do not care to watch the video for its presentation of the undenialable facts, at least google the terms presented and research the house and senate bills that started the whole thing. For the bills that later became law you can see them here;
http://www.govtrack.us/congress/For those of you who continue to blame everyone else but the Democrats for this mess are truly myopic and are a lost cause.
Tex
From: Spain, Sanlucar de Barrameda..Coto Doñana
Hear Hear Tex
From: United States, Houston
Written by: josean, 27 Sep 2008 11:11 AM
From: United States
He can have the debate but OBAMA has the people!
From: Spain, Sanlucar de Barrameda..Coto Doñana
If they are like you they are simpletons ,imbeciles and morons sorry about that !
Written by: abc200, 27 Sep 2008 11:19 AM
From: United Kingdom
But the Republicans took away the jobs that paid good wages to pay for the mortgages by importing from China; opening borders; setting up free trade agreements with low paid countries. So someone who signed up for a house when pay was 20 dollars an hour and now the best job they can get is 7 dollars an hour is forclosed. The shiuttered factories disused textile mills etc. are witness to this - the abysss the Republicans created.
If you can bulid a house now with seven dollar an hour Mexican labour whereas 20 years ago American labour was 18 dollars an hour then why do houses loose value?
S
Written by: josean, 27 Sep 2008 11:19 AM
From: United States
"If they are like you they are simpletons ,imbeciles and morons sorry about that!"
But together YES WE CAN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Written by: abc200, 27 Sep 2008 11:27 AM
From: United Kingdom
Or do the Republic sawdust heads listen to their leaders and repeat - ' does not compute - does not compute ' while they pick up their CEO saleries and open Swiss bank accouts like some the of the corrupt leaders in Africa?
Written by: abc200, 27 Sep 2008 11:31 AM
From: United Kingdom
And if the Republicans were so intelligent why did they not overturn the Democrat;s over generous mortgage term.
In the UK there are mortgages on 50% of a house ( part ownership ) the rest is rented from a Housing Association.
The Ostrich is a famous bird with a small ... brain like some here who should wait for the re-incarnation of Vlad the impailer.
S.
Written by: josean, 27 Sep 2008 11:43 AM
From: United States
Chauncey,
This obsession with "wanking" and "holes" is very indicative of projection.
Written by: Belial, 27 Sep 2008 12:44 PM
From: United States, Texas
The dirty gops have held executive power for almost eight years.
The dirty gops have held majorities in both houses of congress until Jan. 2007.
The dirty gops infest the US Supreme Court with a majority for eight years.
In other words, the dirty gops control the bourgeois regime that exercises power over the US people and have controlled it for some time.
Suddenly, a cash flow crisis breaks out in the financial system of US captialism.
Who do the dirty, buck-passing gops blame for the crisis?
Believe it or not, you're right.
Written by: Belial, 27 Sep 2008 12:54 PM
From: United States, Texas
I surprised that the US people didn't fall for John's buck-passing act.
Some people will suspect ABC News is bias for Obama. But up to now, ABC News seemed bias for McCain, especially Charlie Gibson.
CNN came down for Obama too.
http://www.cnn.com/2008/POLITICS/09/27/debate.poll/index.html A few days ago, I wrote that the debate will be big.
It is.
How could John be so stupid and weak to let Obama walk off with the debate?
Perhaps, the cash flow crisis distracted John doing the last few days.
To recover, John got to go negative. Big time.
Written by: abc200, 27 Sep 2008 12:58 PM
From: United Kingdom
From: Afghanistan, BAF
I think it's high time we look into a merrit based voting system. Surly the educated and landed class who actually contribute to and have a stake in our society deserve more of a voice than the screaming hopeless masses ( demo"cants") for the most part. For example own your home you get 2 votes , own a bussiness you get 3 and an additional vote for every employee you keep fed and clothed. As our standards slip and as a society we are becoming over run with malcontents and whiners we need to cement influence with our best and brightest not just the "most"
From: Afghanistan, BAF
Time to swit boat this commie weakling SOB, Come on GOP ! get in there !
Written by: Belial, 27 Sep 2008 1:06 PM
From: United States, Texas
John needed the debate more than Obama because John was behind a few points after his bounce from the gop convention dissipated.
Losing the debate will cost John a few more points unless John cooks up new tactics that work.
John can go negative; it may seem desperate.
From: United States, Houston
ABC, Perhaps you can enlighten the readers and participants of this publication why a great socialistic society such as the United Kingdom is suffering through its own crisis.
UK housing crisis-
http://www.housepricecrash.co.uk/http://ukhousebubble.blogspot.com/http://www.marketoracle.co.uk/Article1893.htmlInflation:
Year 2007 2008
Chicken £1.96 £3.50
Bacon £1.48 £2.58
Sausages£1.36 £1.98
Mince£1.27 £2.02
Unemployment: I have been led to believe that in socialism had none
http://www.statistics.gov.uk/CCI/nugget.asp?ID=12"If men were angels, no government would be necessary. If angels were to govern men, neither external nor internal controls on government would be necessary.
In framing a government which is to be administered by men over men, the great difficulty lies in this: you must first enable the government to control the governed; and in the next place oblige it to control itself. "
James Madison, Federalist No. 51
From: United States, Houston
ABC,
And a UK banking crisis, really you never told us-
Yesterday, 3-month interbank spreads hit 134 basis points. Prior to the credit crunch, that number was usually around 12 basis points. The spread is at an all time high.
The credit crunch has never been more acute than it is tonight. The sterling interbank market appears to have collapsed. Banks are hoarding cash, and they are unwilling to lend to each other without collateral.
Those huge waves of central bank credit, the special liquidity scheme, and the rate cuts; none of it has worked. It has all failed. The financial system is close to meltdown.
How did things get so bad?
Written by: Belial, 27 Sep 2008 1:18 PM
From: United States, Texas
The US electorate is roughly divided into three sectors of fairly equal in size -- reactionaries, independents, and liberals.
Ideologically and organizationally, US politics is a struggle between the reactionaries and the liberals for the support of the independents. In other words, the reactionaries and liberals ... as rivals or suitors driven by lust ... woo the independents in the hope that independents will go in the bedroom and lie down.
As expected, Obama gets the support of 88% of the liberals and McCain gets only 10% of the liberals
Also as expected, McCain gets 86% of the reactionaries and Obama gets only 11%.
Again, US politics is a struggle between the reactionaries and the liberals for the support of the independents.
53% of the independents go for Obama and 39% support McCain, and 8% undecided, according to a Sept. 22nd ABC/Washington Post Poll.
[Click the "PARTY" at the top.]
http://abcnews.go.com/politics/PollTracker/fullpage?id=5611512Written by: Belial, 27 Sep 2008 1:39 PM
From: United States, Texas
"How did things get so bad? " Tex scratches his head.
0000
Don't you, like others, blame those in charge?
Don't you know that the reactionary bourgeoisie in the financial sector of the US bourgeoisie ... "Wall Street" ... is in charge?
This sector of the reactionary bourgeoisie in finance saw the fall of capitalism coming.
So, the reactionaries said "Now, it's everyman for himself." The fall may take 5 or 10 years, but it's coming ... and a lot faster than many calculated.
Using securities and accounting fraud, the reactionaries in the financial sector of the US bourgeoisie proceeded to swindle the world -- the bourgeoisie, the middle class, the working class, and the lumpen -- out of every dime the world had.
But the reactionary con men didn't get it all.
So, con men demand that the bourgeois regime that hovers above the US people GIVE the reactionary financiers what they couldn't steal.
Bush asked "How much you want?"
"Oh, something like a trillion."
Written by: generoso, 27 Sep 2008 1:50 PM
From: St. Pierre and Miquelon
McCain hands down. The old pit bull without lipstick was punching 95% of the time, he was confident,
strong, assertive, showed inside knowledge of the issues and balanced and weighted decision making authority.
Obama was rambling and did not follow common rules and courtesy while debating, interrupting and smirking.
Although he had some good points on the economy he didn't seem to deliver them with strong conviction as John McCain did.
In senator Obama's performance, and this is specially evident in foreign affairs that most citizens would feel a lot safer if McCain answered the call at 3AM and I personally would sleep a lot better with a seasoned and experience veteran rather than with a first term Jr. Senator who is just getting his feet wet in domestic and international policy at the helm.
McCain is an old pro just like Reagan was, but unlike Reagan he is more a doer than taking the afternoon siesta while the African bees of the economy are buzzing to strike over Washington, D.
Written by: generoso, 27 Sep 2008 1:52 PM
From: St. Pierre and Miquelon
McCain won hands down. He was punching 95% of the time, he was confident,
strong, assertive, showed inside knowledge of the issues and balanced and weighted decision making authority.
Obama was rambling and did not follow common rules and courtesy while debating, interrupting and smirking.
Although he had some good points on the economy he didn't seem to deliver them with strong conviction.
Most citizens would feel a lot safer if McCain answered the call at 3AM and I personally would sleep a lot better with a seasoned and experience veteran rather than with a first term Jr. Senator who is just getting his feet wet in domestic and international policy at the helm.
McCain is an old pro just like Reagan was, but unlike Reagan he is more a doer than taking the afternoon siesta while the hungry buzzards of the economy are circling to strike over Washington, D.C
Mac followed his gut feeling and wanted to go personally and visit the managers of the "store" (Congress) to see who and whe
Written by: Belial, 27 Sep 2008 1:56 PM
From: United States, Texas
To understand securities fraud, ask yourself a few questions.
Did the swindlers sell or give away the voodoo bonds derived from predatorily adjustable mortgages of workers and lower middle class individuals.
Non-exorbitant mortgages will adjust up 25% to 100%.
Predatory adjustable mortgages adjust up anywhere between 300% and 500%.
Monthly personal income data tell us that a worker or lower middle class person is lucky in his personal income rises even 5% a year rather than drops 5% or more.
In other words, the crooked financiers knew the bonds based in predatory mortgages were crap even though some people outside of the financial sector of the economy don't see the difference between a 5% rise income of the homeowner and 500% rise in mortgage payment.
The 500% rise in the monthly mortgage payment made the bond a lot more valuable on the bond market because the voodoo bond promised a return on capital of 6% to 10% and the equitable bond promised only 4% to 6%.
Written by: Belial, 27 Sep 2008 1:58 PM
From: United States, Texas
Again, did the Wall Street thieves give or sell the voodoo bonds?
If you say they sold the voodoo to suckers.
Then ask "Where's the money?"
Somebody got the money.
Written by: Belial, 27 Sep 2008 2:07 PM
From: United States, Texas
"McCain won hands down. He was punching 95% of the time, he was confident,
strong, assertive, showed inside knowledge of the issues and balanced and weighted decision making authority," generoso confidently proclaims.
0000
So, the CNN poll on the debate was either sloppy or rigged, huh?
http://www.cnn.com/2008/POLITICS/09/27/debate.poll/index.html After the gop convention and the selection of Gov. Palin, a CNN poll found that John got a good size bounce.
Did you see that poll by CNN that was good news for John?
Did you believe the CNN poll that brought good news for John?
If so, then if a poll brings John good news, you believe it. But if the poll brings John bad news, you resort to your intuition.
I don't blame you, because I do the same thing.
Written by: Belial, 27 Sep 2008 2:20 PM
From: United States, Texas
It seems to me that when a poll brings good news for John, a bourgeois reactionary, the US cappie press plays up the poll, makes a big deal out it, and treats the poll as the second coming.
But when a poll, like the CNN poll on the first debate, brings good news to Obama, a bourgeois liberal, the US cappie press almost ignores the poll, buries the poll, and pees on the poll.
I guess the cappie press doesn't like liberals.
Written by: Belial, 27 Sep 2008 2:26 PM
From: United States, Texas
John's most striking qualities are he's decisive and resolute.
First, John decides to debate.
Second, John decides not to debate.
Third, John decides to debate.
Fourth, John looks around and ask "Which car am I going ride in?"
From: United States, New York City
GC that video is old news and I had already seen it which is why I'm stepping up against this misinformation. It is easy to mislead people who haven't had the chance to put in the legwork when it comes to financial matters. The video fails to discuss the issue of solvency, capital requirements and leverage rules loosened for the very banks that failed, does not indicate at all that Bush took part in loosening the mortgage situation, pins no blame for the detachment of home prices from inflation being connected to Greenspan's long stretch of low interest rates, doesn't mention that the problem was over-securitization of debt into exotic assets far beyond the MBS stage which the GSEs promoted, doesn't answer the other point I'd already mentioned about the vintage years of the securities which have become toxic (all date to last few years) . Believe me one could easily make a video that makes republican policies and conservative economics look like the culprit.
From: United States, New York City
"One of the biggest hurdles to homeownership is getting money for a down payment. This administration has recognized that, and so today I'm honored to be here to sign a law that will help many low-income buyers to overcome that hurdle, and to achieve an important part of the American Dream." - George Bush, having passed American Dream Downpayment Act of 2003, under a Republican congress.
http://www.whitehouse.gov/news/releases/2003/12/20031216-9.htmlNo down payment? You mean I can walk away in a year or two and have lost nothing much beyond rent payments?
Listen I'm not even going to try to pin this on Georgie. As I said above the bankers bear the brunt and then some of the responsibility for this issue. But all reading this beware of attempts to pin the crisis on Democrats, anti-racism initiatives, or government sponsored enterprises that worked for many decades. Ann Coulter is not a good source of financial information.
From: United States, New York City
The mess today has nothing to do with Clinton. The vintage of the securities causing the most trouble date very specifically to the last few years, not the 90s. Underwriting standards on mortgages did not become so lax until very recently, a result of banks reaching hard for more debt to securitize and sell. Bush expanded homeownership legislation (google: Zero Downpayment initiative).
Additionally and more importantly the SEC during this administration allowed the investment banks to leverage themselves to a much higher degree than before. The crisis today is a DIRECT result of institutions not having the capital base/liquidity to support their liabilities, so this is the crux of the issue. I know this may escape the understanding of the lay man but there it is.
http://www.nysun.com/business/ex-....-blames-agency-for-blow-up/86130/Assigning blame to politicians for this is incorrect. The bankers greed and irresponsibility truly f'd everyone.
From: United States, New York City
McCain was smirking his ass off generoso.
There is plenty to debate as regards the ongoing crisis. I urge any here to beware this latest meme about CRA being responsible for the sub-prime crisis. It is indicative of the blinds of right ideology to seek to pin everything on the state. I can agree there is blame here for both parties but the rush to pin this on pieces of legislation and regulation decades old is desperate. As in other articles I'll reprint my set of comments to that effect because I see some on the board will continue pushing the youtube video with nice music. Grow up guys: finance is a bit trickier than a montage of eighties music would lead you to believe.
From: United States, New York City
Take it from someone who has been in this shit to his knees for a few years now via work, the blame for once is actually not the politicians' but the bankers'.
Written by: abc200, 27 Sep 2008 3:49 PM
From: United Kingdom
texasshow as you know prices are all over the place in July you could get Asda sausages of 50 p - about one dollar a pound.
http://en.epochtimes.com/news/8-7-2/72823.htmlNo-one claimed UK a socialist state. It is a social democracy. The right to housing is in the 1985 housing act. Right to health care 1948 act. Unemployment exists as in all countries when people change jobs, prior to retraining etc.. Funded public/private works programs are used at times when unemployment is tending to rise to create more jobs - wind farms, new railways etc.
Government controls immigration to satisfy needs. House prices have peaked after rising 100%.
One bank has been nationalised.
S.
From: United States, Houston
Manhatten stated;
"The mess today has nothing to do with Clinton."
Your correct and incorrect. The original act was signed into law by Jimmy Carter and originated in a Congress that was about 70% Democrat.,and the Democrats controlled the House and Senate for his entire presidency. Clinton revised the act and made it EVEN MORE accessable to people who could not obtain housing prior to the changes. His changes were enacted in 1995 at which time the Democrats has complete control of both houses of congress as well.
http://en.wikipedia.org/wiki/Community_Reinvestment_Act This is what started all the mess
Here is a video recap of how it was done and WHO did it.
http://www.youtube.com/watch?v=H5tZc8oH--oFrom: United States, Houston
Written by: Belial, 27 Sep 2008 1:39 PM
From: United States, Texas
"How did things get so bad? " Tex scratches his head.
Belial- Dude I was talking to ABC200 about the state of affairs in the U.K., you really should read the posts first. How did you fair with the storm in the 3rd.
From: Spain, Sanlucar de Barrameda..Coto Doñana
From: United States, Houston
GC,
Bad link there amigo.
From: United States, Houston
From: Spain, Sanlucar de Barrameda..Coto Doñana
From: United States, Houston
Here is the link to the regulatory act that was put forth in 2005 to stem the sub prime market and REGULATE Freddy & Fanny, defeated in committee 2 years running by the Democratic controlled congress. Co-Sponsor John McCain
http://www.govtrack.us/congress/bill.xpd?bill=s109-190From: Dominican Republic
All I know is the US needs a fresh face...end of debate.
Written by: santanar, 27 Sep 2008 5:49 PM
From: United States
New Face = John McCain
Written by: antonio1, 27 Sep 2008 5:52 PM
From: Dominican Republic
I'm not taking a chance with this Obama, his performance was poor and at time seen to be out of message.
From: Spain, Sanlucar de Barrameda..Coto Doñana
fresh face and an empty suit... a shiny one at that with a sign on it that says loser that changes to kick my ass when he gets elected
Written by: santanar, 27 Sep 2008 6:03 PM
From: United States
New face for the sake of change is not only irresponsible, is suicidal.
Written by: josean, 27 Sep 2008 6:20 PM
From: United States
McLame's face is ok! What he needs is a new brain!
From: Spain, Sanlucar de Barrameda..Coto Doñana
only the loser josean sticks with the empty suit
Written by: josean, 27 Sep 2008 6:24 PM
From: United States
Harvard Law, editor of Harvard Law Review versus 890 out of 895, yeah I will take my chances.
From: Spain, Sanlucar de Barrameda..Coto Doñana
josean you poor little vegetable ...Ring knockers are a special breed and so are Top Guns ...did you ever read the book" The Right Stuff "....well Harvard Law review aint squat compared to that....COMBAT TESTED....not a mmumbling community organizer
From: Spain, Sanlucar de Barrameda..Coto Doñana
and next time he is gonna get slapped around even worse...your buddy Barack
Written by: josean, 27 Sep 2008 6:35 PM
From: United States
Top Gun, Top Gun! He was shot down by 80 year nearsighted Vietnamese farmer with crippling arthritis in both hands using a sling shot!
How's that for swift boating!
Written by: josean, 27 Sep 2008 6:38 PM
From: United States
He's not qualified to carry Obama's jock strap!
From: Spain, Sanlucar de Barrameda..Coto Doñana
as a Viet Nam era vet I can honestly vouch for these pilots I worked in a support capacity and dealt with them on a day to day basis ...At the time it did not impress me but after the fact I am in awe of their incredible competence and courage...... I knew Marine and Naval aviators who were the Right Stuff they were the best America had to offer and John S McCain was one of those men and you josean are a schmuck for saying this absurd rubbish...................." Top Gun, Top Gun! He was shot down by 80 year nearsighted Vietnamese farmer with crippling arthritis in both hands using a sling shot! "
Written by: josean, 27 Sep 2008 7:01 PM
From: United States
Ok! Ok! you caught me the farmer was 79 and 1/2.
Written by: josean, 27 Sep 2008 7:06 PM
From: United States
So Chauncey, you participated in the My Lai Massacre!
From: United States, Houston
Josean,
Obama does not use a jock, in order to use one you have to have balls. Your vote sir, present?
Written by: josean, 27 Sep 2008 7:53 PM
From: United States
No balls, he did what the Republicans could not do beat; the CLINTON MACHINE, that must make you Republicans EUNUCHS!
John McLame got whopped by the idiot Georgie Bush!
Now go back to cooking your armadillo road kill for dinner!
Written by: Belial, 27 Sep 2008 8:10 PM
From: United States, Texas
Boy oh boy, there's is nothing like a buck-passing gop {pronounced "gop"].
They were in power for almost eight years and everything that has gone wrong is the fault of the opposition out of power.
Nothing that has gone wrong results from gop policies and programs.
And the gops got YouTube snippets to prove it.
Written by: josean, 27 Sep 2008 8:17 PM
From: United States
They sound like our local PLDers!
Written by: Belial, 27 Sep 2008 8:20 PM
From: United States, Texas
In the gospel according to George, buck-passing is a canon or holy law.
Before he descended into idiocy and senility around 1960, Ronald Reagan declared "Thou gops shall pass the buck every time something goes wrong."
Passing the buck is the form of false witness that gops most relish.
From: Spain, Sanlucar de Barrameda..Coto Doñana
From: United States, Houston
Written by: josean, 27 Sep 2008 8:47 PM
From: United States
Chauncey,
If the Great One finds you reading the New York "Slime, he going to take back the free copy of "Rescuing Sprite" that he gave you!
From: Spain, Sanlucar de Barrameda..Coto Doñana
the above article from the ultra lefty NYT say it all Manny read this Manny from 1999 NYT you can talk your bullshit after that ....it says everything you said it was not ....this is the SMOKING GUN Manny say it aint so ....yeah say it is a forgery ....yeah say it was Bush....read it and weep ....see where our money went....josean you read it as well and then shut your pie hole.....1999
http://query.nytimes.com/gst/full....8260&scp=1&sq=&st=nytFrom: United States, Houston
From 1999, after Clinton revised the Community reinvestment act that was put into law by Jimmy Carter.
"Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits. "
http://query.nytimes.com/gst/full....8260&scp=1&sq=&st=nytIt is very hard, extremely hard to argue with facts especially when in written form and properly documented.
From: Spain, Sanlucar de Barrameda..Coto Doñana
From: Spain, Sanlucar de Barrameda..Coto Doñana
how is this for a quote from that thief that ran Fannie mae and got fired is this great or what this is the guy Manny says had nothing to do with it probably "........''Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements,'' said Franklin D. Raines, Fannie Mae's chairman and chief executive officer. ''Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.''....................josean this asshole is an Obama advisor
Written by: josean, 27 Sep 2008 8:56 PM
From: United States
Chauncey,
Your guru Levin has labeled (or maybe libeled) the paper as the New York "Slime" so why should I believe anything they print!
The McLame Campaign said the New York Times is no longer a serious news organization and is in the tank for Obama, but now you decide to use it because it suits your purposes.
From: Spain, Sanlucar de Barrameda..Coto Doñana
just a notch below ......ARE YOU KIDDING these people could not get a loan on a bicycle let alone a house
From: Spain, Sanlucar de Barrameda..Coto Doñana
read it and weep you cannot turn back the printing presses
Written by: josean, 27 Sep 2008 9:00 PM
From: United States
I thought it was beneath you to quote the New York Slime!
From: Spain, Sanlucar de Barrameda..Coto Doñana
even you could have moved out of your refrigerator box if you had not been in prison josean....think of the missed opportunity...to default on a mortgage
Written by: josean, 27 Sep 2008 9:07 PM
From: United States
Attention REPUBLICANS the liberal media conspiracy is led by the New York Slime, therefore do not belive anything they print and that goes for the Washigton Compost as well!
I am Mark Levin and I approve of this message!
Written by: Belial, 27 Sep 2008 9:08 PM
From: United States, Texas
"If the Great One finds you reading the New York "Slime ..."
oooo
Bush is in power.
His gops are in power.
But the New York "Slime" says the liberals, the Democrats, and commies are the people who make all the decisions in Washington while the gops hold power. So, the the liberals, the Democrats, and commies are responsible for all that have gone wrong while the gops were in power.
Is the NY "Slime" lying?
From: United States, Houston
Too easy to debate facts GC, I have and you have presented today evidence and links, printed material, videos that without a doubt nail the coffin on who's responsible for this mess and all they can come up with is "New york Slime," and other such petty crap. You and I and various others here would have an easier time trying to reason with 4 year olds than to reason with Josean and his crowd. NONE of them have tried to refute ANYTHING posted today that delt with who was responsible for the debacle that is at hand. Wonder why???????
From: Spain, Sanlucar de Barrameda..Coto Doñana
they will deserve the shiny empty suit by the name of Hussien...the fresh new face ......both of them
Written by: josean, 27 Sep 2008 9:14 PM
From: United States
Written by: Belial, 27 Sep 2008 9:17 PM
From: United States, Texas
[This is a form letter, personalized, sent to millions of supporters.]
oooo
Belial --
We put together an ad today that captures Barack's victory in last night's debate in 30 seconds.
After his erratic and reckless response to the economic crisis, McCain needed a game-changer last night to restore his campaign. He didn't even come close.
In a CBS News poll, uncommitted voters see Barack as the debate winner. When it comes to the economy, 66% say Barack would make the right decisions versus 42% for McCain.
The CNN poll results are also clear:
Who did the best job tonight?
Barack: 51
McCain: 38
Who would better handle Iraq?
Barack: 52
McCain: 47
Who would better handle the economy?
Barack: 58
McCain: 37
These are not the kind of reviews John McCain needed, but they show that Barack is offering the change we need.
David
David Plouffe
Campaign Manager
Obama for America
Written by: Belial, 27 Sep 2008 9:26 PM
From: United States, Texas
I saw and studied the new 30-second Obama ad ... I may be bias ... but it's extremely well done for an instant ad.
They are showing it only in key markets to save money.
Written by: Belial, 27 Sep 2008 9:33 PM
From: United States, Texas
I'm also on McCain's list for his sickening spam.
From: Spain, Sanlucar de Barrameda..Coto Doñana
Written by: josean, 28 Sep 2008 7:58 AM
From: United States
Ben Stien a Richard Nixon lackey associated with the New York "Slime!"
From: Spain, Sanlucar de Barrameda..Coto Doñana
read it mojoncito it is funny...you need some happiness in your life ...keeping you in that basement with the gimp all the time....and do not bring out the gimp{hippo} again
Written by: josean, 28 Sep 2008 8:08 AM
From: United States
Here are some facts:
Who was in power during The Great Depression REPUBLICANS!
Who is in power during the the next Great Economic Melt Down REPUBLICANS!
CASE CLOSED CLASS DISMISSED!
From: Spain, Sanlucar de Barrameda..Coto Doñana
It should read Roosevelt was in power through out great depression which ended with WW2....you are a MENTAL CASE WITHOUT CLASS to be DISMISSED
Written by: josean, 28 Sep 2008 8:17 AM
From: United States
Republicans are depressed and thefore they cause DEPRESSIONS!
Economics 101!
From: Spain, Sanlucar de Barrameda..Coto Doñana
no that was the PRD under the Hippo
Written by: josean, 28 Sep 2008 8:23 AM
From: United States
Written by: josean, 28 Sep 2008 9:43 AM
From: United States
From: United States, New York City
TS I await your link explaining Bush and Republican congress supporting American Dream Downpayment Act of 2003. None of you have touched on bank insolvency issue and why the Bush SEC allowed these banks to leverage to over 30x, an unprecedented level in prudent banking. Over securitization into CDOs and beyond? Over securitization is what made available the capital for this activity, NOT the CRA. Over securitization allowed a legion of mortgage institutions to develop which were not conneted to national banks, and thus WERE NOT COMPELLED BY CRA TO LEND TO BAD CREDITS. Again nothing I've brought up is answered when you guys just throw up the link to that video.
From: United States, New York City
From: United States, New York City
Sorry my links are to actual papers and not catchy youtube videos. Grown ups involved in finance unfortunately have to read every day to understand what goes on, I hope I've not asked to much of wikiwarriors or youtubers.
From: United States, New York City
Did the poster of the Ben Stein link even read his article? LMAO, the thing goes a fair way towards demolishing the youtube video....
From: Spain, Sanlucar de Barrameda..Coto Doñana
Sorry that article appeared in the paper of record in 1999.....your buddy Franklin D Raines is quoted are you saying it is not true Manny
From: United States, New York City
S.E.C. Concedes Oversight Flaws Fueled Collapse
http://www.nytimes.com/2008/09/27....ss/27sec.html?_r=1&oref=loginHere the Chaiman of the SEC, the Treasurer, and the Fed president admit to what was in the conservative NY SUN article I have repeatedly linked; that the driver behind the collapse of the big IBs (thats investment bank kiddies) resulted from the SEC stepping back from capital controls and letting them leverage to astronomical levels.
Please READ this, and Stein's article, an my papers. Again I apologize for the lack of 80s tunes, but I'm sure you can all add your own soundtrack.
From: Spain, Sanlucar de Barrameda..Coto Doñana
not compelled ? not compelled ? well that depends what you mean ....Franklin D Raines said there was a lot of people being discriminated against I believe is the term he used in the PAPER OF RECORD In 1999 that just had to get those loans ....or did I misread the article and quotes in the paper of record....is this the same Franklin D Raines that advises Obama on economic issues ....Manny tell him to give back the 100 million bucks
From: United States, New York City
GC are your cataracts acting up? These articles are all dated to this very month, and come from both the Times and the conservative Sun. Maybe the articles should sing about the date with some pop beats so you can understand?
From: Spain, Sanlucar de Barrameda..Coto Doñana
that article was written in 1999 NYT
From: Spain, Sanlucar de Barrameda..Coto Doñana
From: Spain, Sanlucar de Barrameda..Coto Doñana
Demographic information on these borrowers is sketchy. But at least one study indicates that 18 percent of the loans in the subprime market went to black borrowers, compared to 5 per cent of loans in the conventional loan market.
In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's.
''From the perspective of many people, including me, this is another thrift industry growing up around us,'' said Peter Wallison a resident fellow at the American Enterprise Institute. ''If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry
From: United States, New York City
Written by: josean, 28 Sep 2008 11:55 AM
From: United States
"Rick Davis, McCain's Campaign Manager, Made Nearly $2 Million To Defend Mortgage Giants From Stricter Regulations"
www.huffingtonpost.com/2008/09/22/rick-davis-mccains-campai_n_128183.html
From: Spain, Sanlucar de Barrameda..Coto Doñana
quote of Franklin D Raines ''Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements,'' said Franklin D. Raines, Fannie Mae's chairman and chief executive officer. ''Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.'' .....is this code for something ?
From: United States, New York City
GC your financial illiteracy is astonishing. What does your old article have to do with the credit crunch that began last year? What does it have to do with crediot default swaps or collateralized debt obligations behind the collapses? Where does it speak to bank capitalizations? Criticizing the GSEs is fine, but unlike me you are unable to connect the dots to the events today and talk about or point to meaningful info.
I've done my part for the benefit of the board. TS I respectfully await from you any refutations of my financial points, and hopefully TEXTS on the matter. Be sure I have plenty more. Bear in mind all, I'm the voice of reason pointing out the obvious to many : WALL STREET SCREWED UP, aided often by politicos on both sides, but primarily driven by their greed to securitize more and more and more debt into fancy instruments.
GC try humming while you read my posts it may become clearer like your youtube videos.
Enjoy the afternoon all I'm off!
Written by: josean, 28 Sep 2008 12:02 PM
From: United States
From: Spain, Sanlucar de Barrameda..Coto Doñana
Franklin D and that other jerk that was the head of Obamas Vice Presidential search ...tell us about their role Manny ....did they make 100s of millions on this sub prime scam...and Manny you should hope and pray you have a fraction of the career Ben Stien has had .....were the two afore mentioned jerks Grown ups like yourself involved in finance
Written by: josean, 28 Sep 2008 12:05 PM
From: United States
From: Spain, Sanlucar de Barrameda..Coto Doñana
youre off ....so who cares ....only josean " the vegetable " cares....because now the low grade moron is defenseless ....Manny de Rothschild went to play court tennis in Greenwich ct.
Written by: josean, 28 Sep 2008 12:11 PM
From: United States
McCain's Attacks Misguided
"On Thursday, the McCain campaign released an attack ad suggesting Obama had a connection with Franklin Raines, offering advice on housing matters to his campaign. Raines served as the CEO of Fannie Mae until implicated in an accounting scandal in 2006. After leaving, he received a significant severance package -- a "golden parachute," which is standard for executives. There's only one problem: The ad was completely false. Raines has no role with Obama's campaign. Worse, The Associated Press on Friday reported an email sent by Raines to McCain adviser Carly Fiorina that succintly stated the truth."
http://www.thestreet.com/story/10....on-mccains-attacks-misguided.htmlWritten by: josean, 28 Sep 2008 12:24 PM
From: United States
Written by: josean, 28 Sep 2008 2:13 PM
From: United States
Written by: josean, 28 Sep 2008 2:38 PM
From: United States
From: United States, Houston
From: United States, Houston
From: United States, Houston
Manhatten said that the finiancial institutions are to blame as they made the loans. Yes they made the loans, but they had to because of the CRA or they stood to be fined out of existence. This is a classic example of Government dictating to an industry what they have to do and they have run it into the ground. In the process a lot of politicians have benefited directly by campaign contributions or by keeping the war chests fat. You know we can disagree politically on all sorts of issues but when people flat out refuse to connect the dots on who's debacle this is is just amazing.
Written by: josean, 28 Sep 2008 4:35 PM
From: United States
Republicans = Great Depressions!
Written by: abc200, 28 Sep 2008 4:44 PM
From: United Kingdom
It will be interesting to see if the simple British method of Nationalising banks etc. then they carry out business as normal will work.
Ultimately it is the Nationalised Bank of England that contols the money suppy.
http://www.bbc.co.uk/blogs/therep....ton/2008/09/bb_end_of_an_era.htmlThe 'virtuous circle' is also re-established by offering good interest rates to savers with principal guaranteed by government. China, Ireland etc. have better savings rates.
A US government bond offering say seven percent could finance the activity.
http://www.nationwideinternational.com/Government also needs to finance industries that create / maintain jobs; pay interest or offer to part buy / rent back houses of people in difficulties.
S
From: Spain, Sanlucar de Barrameda..Coto Doñana
"Palin’s Words Raise Red Flags"
http://www.nytimes.com/2008/09/27/opinion/27herbert.html
Read the article and watch the videos it is truly sad!
http://www.salon.com/opinion/greenwald/2008/09/25/palin/
"It is time for everyone to stand up and realize that the nomination of Sarah Palin is an insult to the Office of Vice President and somewhere Dan Quayle is laughing his head off."
http://www.opednews.com/articles/....i-by-Anthony-Wade-080926-885.html
http://seattlepi.nwsource.com/opinion/380768_katha28.html
http://www.gambling911.com/politi....-mentions-sarah-palin-092608.html
http://opinion.latimes.com/opinionla/2008/09/sarah-palin-j-3.html
Who won Friday night's foreign policy debate?
http://www.mlive.com/elections/in....8/09/poll_who_won_the_debate.html
http://news.bbc.co.uk/2/hi/americas/7585696.stm
S
...http://www.youtube.com/watch?v=H5tZc8oH--o
Truly an exceptional video, the music is fantastic. This ties in with what I said the other day about WHEN this mess got started and WHO started it. For those of you here who do not care to watch the video for its presentation of the undenialable facts, at least google the terms presented and research the house and senate bills that started the whole thing. For the bills that later became law you can see them here;
http://www.govtrack.us/congress/
For those of you who continue to blame everyone else but the Democrats for this mess are truly myopic and are a lost cause.
Tex
http://www.blog.newsweek.com/blog....ccain-won-but-will-it-matter.aspx
If you can bulid a house now with seven dollar an hour Mexican labour whereas 20 years ago American labour was 18 dollars an hour then why do houses loose value?
S
But together YES WE CAN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
In the UK there are mortgages on 50% of a house ( part ownership ) the rest is rented from a Housing Association.
The Ostrich is a famous bird with a small ... brain like some here who should wait for the re-incarnation of Vlad the impailer.
S.
This obsession with "wanking" and "holes" is very indicative of projection.
The dirty gops have held majorities in both houses of congress until Jan. 2007.
The dirty gops infest the US Supreme Court with a majority for eight years.
In other words, the dirty gops control the bourgeois regime that exercises power over the US people and have controlled it for some time.
Suddenly, a cash flow crisis breaks out in the financial system of US captialism.
Who do the dirty, buck-passing gops blame for the crisis?
Believe it or not, you're right.
Some people will suspect ABC News is bias for Obama. But up to now, ABC News seemed bias for McCain, especially Charlie Gibson.
CNN came down for Obama too.
http://www.cnn.com/2008/POLITICS/09/27/debate.poll/index.html
A few days ago, I wrote that the debate will be big.
It is.
How could John be so stupid and weak to let Obama walk off with the debate?
Perhaps, the cash flow crisis distracted John doing the last few days.
To recover, John got to go negative. Big time.
http://news.bbc.co.uk/2/hi/americas/7585696.stm
S
Losing the debate will cost John a few more points unless John cooks up new tactics that work.
John can go negative; it may seem desperate.
UK housing crisis-
http://www.housepricecrash.co.uk/
http://ukhousebubble.blogspot.com/
http://www.marketoracle.co.uk/Article1893.html
Inflation:
Year 2007 2008
Chicken £1.96 £3.50
Bacon £1.48 £2.58
Sausages£1.36 £1.98
Mince£1.27 £2.02
Unemployment: I have been led to believe that in socialism had none
http://www.statistics.gov.uk/CCI/nugget.asp?ID=12
"If men were angels, no government would be necessary. If angels were to govern men, neither external nor internal controls on government would be necessary.
In framing a government which is to be administered by men over men, the great difficulty lies in this: you must first enable the government to control the governed; and in the next place oblige it to control itself. "
James Madison, Federalist No. 51
And a UK banking crisis, really you never told us-
Yesterday, 3-month interbank spreads hit 134 basis points. Prior to the credit crunch, that number was usually around 12 basis points. The spread is at an all time high.
The credit crunch has never been more acute than it is tonight. The sterling interbank market appears to have collapsed. Banks are hoarding cash, and they are unwilling to lend to each other without collateral.
Those huge waves of central bank credit, the special liquidity scheme, and the rate cuts; none of it has worked. It has all failed. The financial system is close to meltdown.
How did things get so bad?
Ideologically and organizationally, US politics is a struggle between the reactionaries and the liberals for the support of the independents. In other words, the reactionaries and liberals ... as rivals or suitors driven by lust ... woo the independents in the hope that independents will go in the bedroom and lie down.
As expected, Obama gets the support of 88% of the liberals and McCain gets only 10% of the liberals
Also as expected, McCain gets 86% of the reactionaries and Obama gets only 11%.
Again, US politics is a struggle between the reactionaries and the liberals for the support of the independents.
53% of the independents go for Obama and 39% support McCain, and 8% undecided, according to a Sept. 22nd ABC/Washington Post Poll.
[Click the "PARTY" at the top.]
http://abcnews.go.com/politics/PollTracker/fullpage?id=5611512
0000
Don't you, like others, blame those in charge?
Don't you know that the reactionary bourgeoisie in the financial sector of the US bourgeoisie ... "Wall Street" ... is in charge?
This sector of the reactionary bourgeoisie in finance saw the fall of capitalism coming.
So, the reactionaries said "Now, it's everyman for himself." The fall may take 5 or 10 years, but it's coming ... and a lot faster than many calculated.
Using securities and accounting fraud, the reactionaries in the financial sector of the US bourgeoisie proceeded to swindle the world -- the bourgeoisie, the middle class, the working class, and the lumpen -- out of every dime the world had.
But the reactionary con men didn't get it all.
So, con men demand that the bourgeois regime that hovers above the US people GIVE the reactionary financiers what they couldn't steal.
Bush asked "How much you want?"
"Oh, something like a trillion."
strong, assertive, showed inside knowledge of the issues and balanced and weighted decision making authority.
Obama was rambling and did not follow common rules and courtesy while debating, interrupting and smirking.
Although he had some good points on the economy he didn't seem to deliver them with strong conviction as John McCain did.
In senator Obama's performance, and this is specially evident in foreign affairs that most citizens would feel a lot safer if McCain answered the call at 3AM and I personally would sleep a lot better with a seasoned and experience veteran rather than with a first term Jr. Senator who is just getting his feet wet in domestic and international policy at the helm.
McCain is an old pro just like Reagan was, but unlike Reagan he is more a doer than taking the afternoon siesta while the African bees of the economy are buzzing to strike over Washington, D.
strong, assertive, showed inside knowledge of the issues and balanced and weighted decision making authority.
Obama was rambling and did not follow common rules and courtesy while debating, interrupting and smirking.
Although he had some good points on the economy he didn't seem to deliver them with strong conviction.
Most citizens would feel a lot safer if McCain answered the call at 3AM and I personally would sleep a lot better with a seasoned and experience veteran rather than with a first term Jr. Senator who is just getting his feet wet in domestic and international policy at the helm.
McCain is an old pro just like Reagan was, but unlike Reagan he is more a doer than taking the afternoon siesta while the hungry buzzards of the economy are circling to strike over Washington, D.C
Mac followed his gut feeling and wanted to go personally and visit the managers of the "store" (Congress) to see who and whe
Did the swindlers sell or give away the voodoo bonds derived from predatorily adjustable mortgages of workers and lower middle class individuals.
Non-exorbitant mortgages will adjust up 25% to 100%.
Predatory adjustable mortgages adjust up anywhere between 300% and 500%.
Monthly personal income data tell us that a worker or lower middle class person is lucky in his personal income rises even 5% a year rather than drops 5% or more.
In other words, the crooked financiers knew the bonds based in predatory mortgages were crap even though some people outside of the financial sector of the economy don't see the difference between a 5% rise income of the homeowner and 500% rise in mortgage payment.
The 500% rise in the monthly mortgage payment made the bond a lot more valuable on the bond market because the voodoo bond promised a return on capital of 6% to 10% and the equitable bond promised only 4% to 6%.
If you say they sold the voodoo to suckers.
Then ask "Where's the money?"
Somebody got the money.
strong, assertive, showed inside knowledge of the issues and balanced and weighted decision making authority," generoso confidently proclaims.
0000
So, the CNN poll on the debate was either sloppy or rigged, huh?
http://www.cnn.com/2008/POLITICS/09/27/debate.poll/index.html
After the gop convention and the selection of Gov. Palin, a CNN poll found that John got a good size bounce.
Did you see that poll by CNN that was good news for John?
Did you believe the CNN poll that brought good news for John?
If so, then if a poll brings John good news, you believe it. But if the poll brings John bad news, you resort to your intuition.
I don't blame you, because I do the same thing.
But when a poll, like the CNN poll on the first debate, brings good news to Obama, a bourgeois liberal, the US cappie press almost ignores the poll, buries the poll, and pees on the poll.
I guess the cappie press doesn't like liberals.
First, John decides to debate.
Second, John decides not to debate.
Third, John decides to debate.
Fourth, John looks around and ask "Which car am I going ride in?"
http://www.whitehouse.gov/news/releases/2003/12/20031216-9.html
No down payment? You mean I can walk away in a year or two and have lost nothing much beyond rent payments?
Listen I'm not even going to try to pin this on Georgie. As I said above the bankers bear the brunt and then some of the responsibility for this issue. But all reading this beware of attempts to pin the crisis on Democrats, anti-racism initiatives, or government sponsored enterprises that worked for many decades. Ann Coulter is not a good source of financial information.
Additionally and more importantly the SEC during this administration allowed the investment banks to leverage themselves to a much higher degree than before. The crisis today is a DIRECT result of institutions not having the capital base/liquidity to support their liabilities, so this is the crux of the issue. I know this may escape the understanding of the lay man but there it is.
http://www.nysun.com/business/ex-....-blames-agency-for-blow-up/86130/
Assigning blame to politicians for this is incorrect. The bankers greed and irresponsibility truly f'd everyone.
There is plenty to debate as regards the ongoing crisis. I urge any here to beware this latest meme about CRA being responsible for the sub-prime crisis. It is indicative of the blinds of right ideology to seek to pin everything on the state. I can agree there is blame here for both parties but the rush to pin this on pieces of legislation and regulation decades old is desperate. As in other articles I'll reprint my set of comments to that effect because I see some on the board will continue pushing the youtube video with nice music. Grow up guys: finance is a bit trickier than a montage of eighties music would lead you to believe.
http://en.epochtimes.com/news/8-7-2/72823.html
No-one claimed UK a socialist state. It is a social democracy. The right to housing is in the 1985 housing act. Right to health care 1948 act. Unemployment exists as in all countries when people change jobs, prior to retraining etc.. Funded public/private works programs are used at times when unemployment is tending to rise to create more jobs - wind farms, new railways etc.
Government controls immigration to satisfy needs. House prices have peaked after rising 100%.
One bank has been nationalised.
S.
"The mess today has nothing to do with Clinton."
Your correct and incorrect. The original act was signed into law by Jimmy Carter and originated in a Congress that was about 70% Democrat.,and the Democrats controlled the House and Senate for his entire presidency. Clinton revised the act and made it EVEN MORE accessable to people who could not obtain housing prior to the changes. His changes were enacted in 1995 at which time the Democrats has complete control of both houses of congress as well.
http://en.wikipedia.org/wiki/Community_Reinvestment_Act This is what started all the mess
Here is a video recap of how it was done and WHO did it.
http://www.youtube.com/watch?v=H5tZc8oH--o
From: United States, Texas
"How did things get so bad? " Tex scratches his head.
Belial- Dude I was talking to ABC200 about the state of affairs in the U.K., you really should read the posts first. How did you fair with the storm in the 3rd.
Bad link there amigo.
http://www.youtube.com/watch?v=AiEWCnpNnBQ&feature=related
http://www.govtrack.us/congress/bill.xpd?bill=s109-190
How's that for swift boating!
Obama does not use a jock, in order to use one you have to have balls. Your vote sir, present?
John McLame got whopped by the idiot Georgie Bush!
Now go back to cooking your armadillo road kill for dinner!
They were in power for almost eight years and everything that has gone wrong is the fault of the opposition out of power.
Nothing that has gone wrong results from gop policies and programs.
And the gops got YouTube snippets to prove it.
Before he descended into idiocy and senility around 1960, Ronald Reagan declared "Thou gops shall pass the buck every time something goes wrong."
Passing the buck is the form of false witness that gops most relish.
Heres another one linking Obama to Fanny and Freddy
http://www.youtube.com/watch?v=AiEWCnpNnBQ&feature=related
Here is the link to the regulatory act that was put forth in 2005 to stem the sub prime market and REGULATE Freddy & Fanny, defeated in committee 2 years running by the Democratic controlled congress. Co-Sponsor John McCain
http://www.govtrack.us/congress/bill.xpd?bill=s109-190
http://en.wikipedia.org/wiki/Community_Reinvestment_Act This is what started all the mess
Here is a video recap of how it was done and WHO did it.
http://www.youtube.com/watch?v=H5tZc8oH--o
If the Great One finds you reading the New York "Slime, he going to take back the free copy of "Rescuing Sprite" that he gave you!
"Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits. "
http://query.nytimes.com/gst/full....8260&scp=1&sq=&st=nyt
It is very hard, extremely hard to argue with facts especially when in written form and properly documented.
Your guru Levin has labeled (or maybe libeled) the paper as the New York "Slime" so why should I believe anything they print!
The McLame Campaign said the New York Times is no longer a serious news organization and is in the tank for Obama, but now you decide to use it because it suits your purposes.
I am Mark Levin and I approve of this message!
oooo
Bush is in power.
His gops are in power.
But the New York "Slime" says the liberals, the Democrats, and commies are the people who make all the decisions in Washington while the gops hold power. So, the the liberals, the Democrats, and commies are responsible for all that have gone wrong while the gops were in power.
Is the NY "Slime" lying?
http://www.nytimes.com/2008/09/23....olitics/23times.html?ref=politics
oooo
Belial --
We put together an ad today that captures Barack's victory in last night's debate in 30 seconds.
After his erratic and reckless response to the economic crisis, McCain needed a game-changer last night to restore his campaign. He didn't even come close.
In a CBS News poll, uncommitted voters see Barack as the debate winner. When it comes to the economy, 66% say Barack would make the right decisions versus 42% for McCain.
The CNN poll results are also clear:
Who did the best job tonight?
Barack: 51
McCain: 38
Who would better handle Iraq?
Barack: 52
McCain: 47
Who would better handle the economy?
Barack: 58
McCain: 37
These are not the kind of reviews John McCain needed, but they show that Barack is offering the change we need.
David
David Plouffe
Campaign Manager
Obama for America
They are showing it only in key markets to save money.
Who was in power during The Great Depression REPUBLICANS!
Who is in power during the the next Great Economic Melt Down REPUBLICANS!
CASE CLOSED CLASS DISMISSED!
Economics 101!
http://my.barackobama.com/page/content/imd1/?source=sem-pm-deb-59
http://www.nbc.com/Saturday_Night....clips/presidential-debate/704121/
http://www.bos.frb.org/economic/wp/wp2007/wp0715.htm
http://www.frbsf.org/news/speeches/2008/0331.html#11
http://www.newamerica.net/publica....s/2008/community_reinvestment_act
At the very least those slinging mud who can't answer my above financial enquiries need to deliver answers to these:
Explain to me this while you are at it:
http://www.whitehouse.gov/news/releases/2003/12/20031216-9.html
Explain this:
http://www.nysun.com/business/ex-....-blames-agency-for-blow-up/86130/
http://www.nytimes.com/2008/09/27....ss/27sec.html?_r=1&oref=login
Here the Chaiman of the SEC, the Treasurer, and the Fed president admit to what was in the conservative NY SUN article I have repeatedly linked; that the driver behind the collapse of the big IBs (thats investment bank kiddies) resulted from the SEC stepping back from capital controls and letting them leverage to astronomical levels.
Please READ this, and Stein's article, an my papers. Again I apologize for the lack of 80s tunes, but I'm sure you can all add your own soundtrack.
In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's.
''From the perspective of many people, including me, this is another thrift industry growing up around us,'' said Peter Wallison a resident fellow at the American Enterprise Institute. ''If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry
Another one lacking musical accompaniment. Sorry to be hurting your eyes GC and company. Perhaps you employ a financial advisor who could read these for you and break it down, sans tunes of course.
"Rick Davis, McCain's Campaign Manager, Made Nearly $2 Million To Defend Mortgage Giants From Stricter Regulations"
www.huffingtonpost.com/2008/09/22/rick-davis-mccains-campai_n_128183.html
I've done my part for the benefit of the board. TS I respectfully await from you any refutations of my financial points, and hopefully TEXTS on the matter. Be sure I have plenty more. Bear in mind all, I'm the voice of reason pointing out the obvious to many : WALL STREET SCREWED UP, aided often by politicos on both sides, but primarily driven by their greed to securitize more and more and more debt into fancy instruments.
GC try humming while you read my posts it may become clearer like your youtube videos.
Enjoy the afternoon all I'm off!
http://my.barackobama.com/page/co....;gclid=CL33n_Tr_pUCFQgRFQodcSCYEw
http://www.time.com/time/politics/article/0,8599,1845116,00.html?imw=Y
"On Thursday, the McCain campaign released an attack ad suggesting Obama had a connection with Franklin Raines, offering advice on housing matters to his campaign. Raines served as the CEO of Fannie Mae until implicated in an accounting scandal in 2006. After leaving, he received a significant severance package -- a "golden parachute," which is standard for executives. There's only one problem: The ad was completely false. Raines has no role with Obama's campaign. Worse, The Associated Press on Friday reported an email sent by Raines to McCain adviser Carly Fiorina that succintly stated the truth."
http://www.thestreet.com/story/10....on-mccains-attacks-misguided.html
http://www.cbsnews.com/blogs/2008....cs/fromtheroad/entry4483110.shtml
"Palin's responses on radio talk show very unbecoming"
http://www.adn.com/opinion/comment/story/295464.html
http://www.miamiherald.com/424/story/703133.html
http://www.city-journal.org/html/10_1_the_trillion_dollar.html - Opinion piece from 2000 about how bad the revision Clinton made is and will be for the economy in coming years
http://news.yahoo.com/s/ibd/20080....l01;_ylt=A0geu1a91tpIjIcA8wCspph4 - Article on how bad the Clinton rewrite is for the economy
http://clinton6.nara.gov/1993/12/....ng-by-bentsen-and-rubin.text.html - 1993 press release from Bob Rubin Asst. Economic policy to Clinton and Lloyd Benston Sec. of Treasury about upcoming changes to CRA
NYT article from 2003, first attempt by Bush administration to tighten oversight on Freddy and Fanny, eventually shot down by Chris Dodd and Barney Frank (same guys that are supposed to be reingning in same)
http://query.nytimes.com/gst/full....c=&spon=&pagewanted=print
http://findarticles.com/p/articles/mi_m1282/is_/ai_14779796
New york post- Bad deal for banks and lenders all in name of demanding mortagages for people who could not get them other wise, but by law had to get them (CRA)
http://www.nypost.com/seven/02052....he_real_scandal_243911.htm?page=0
Cato institute analysis of CRA from 1999- http://www.cato.org/pub_display.php?pub_id=1213
Over the course of time the CRA has been looked at and legislation has been put forth numerous times to add stricter control and oversight and has always been defeated. The charge has usually been led by the same guys that are on the finiancial commitees that have oversight of them anyway but dont seem to be doing thier job.
Ultimately it is the Nationalised Bank of England that contols the money suppy.
http://www.bbc.co.uk/blogs/therep....ton/2008/09/bb_end_of_an_era.html
The 'virtuous circle' is also re-established by offering good interest rates to savers with principal guaranteed by government. China, Ireland etc. have better savings rates.
A US government bond offering say seven percent could finance the activity.
http://www.nationwideinternational.com/
Government also needs to finance industries that create / maintain jobs; pay interest or offer to part buy / rent back houses of people in difficulties.
S