Posted on 09/23/2008 2:47:43 PM PDT by dynachrome
(Excerpt) Read more at michaelsavage.wnd.com ...
And away we go!
Another day at the Savage office.
This long article from Winter 2000 explains a lot!
...A radical group called ACORN Housing has a $760 million commitment from the Bank of New York;..
City Journal Home.
Howard Husock
The Trillion-Dollar Bank Shakedown That Bodes Ill for Cities
The Community Reinvestment Act funnels billions to left-wing activists, while threatening to destabilize lower-middle-class neighborhoods.
Winter 2000
The Clinton administration has turned the Community Reinvestment Act, a once-obscure and lightly enforced banking regulation law, into one of the most powerful mandates shaping American citiesand, as Senate Banking Committee chairman Phil Gramm memorably put it, a vast extortion scheme against the nations banks. Under its provisions, U.S. banks have committed nearly $1 trillion for inner-city and low-income mortgages and real estate development projects, most of it funneled through a nationwide network of left-wing community groups, intent, in some cases, on teaching their low-income clients that the financial system is their enemy and, implicitly, that government, rather than their own striving, is the key to their well-being....
Excerpt.
http://www.city-journal.org/html/10_1_the_trillion_dollar.html
Iran gets in on the "Michael Savage" action.
The national shows that I listen to regularly include Rush, Hannity (delayed), Levin (delayed), Ingrham (recently dropped in Sacramento), Hedgecock (Saturdays). Others that I listen to relatively often include Hewitt (delayed), O'Reilly (delayed) and Bohannon (delayed). Another on the often list is George Noory but his most hated enemies are Bush and Cheney. The rest are San Francisco KSFO local shows. They all have plenty of guts but none can boast of raising the ire of our Country's enemies. That honor requires more than a few tepid on-air remarks every so often.
If there are other radio personnel targeted by the Islamic Republic of Iran or other radical Islamist enemies I am not aware of them.
So Savage says things that upset people? That includes me and I've stated them on his thread.
Nevertheless I think Savage deserves the recognition despite his severest critics.
Well at least the tyrants in Iran have a cute little name for him, Dajjal. A little classier than the Savage-haters here in the states, like $#&^! *(#%^! Yeah, like those.
Wow, the leading cause of terrorism in the world, the Islamic Republic of Iran, has taken offense at our own Michael Savage!
What other talk show host can boast that?
Try this one. I will be posting in a moment if it hasn’t been already.
http://findarticles.com/p/articles/mi_m1355/is_n19_v86/ai_15779827?tag=content;col1
Anyone in the Bay Area remember Ms Achtenberg?
Roberta Achtenberg of Clinton's HUD launched investigations of citizens of Berkeley, Calif. who had opposed HUD proposals with letter-writing, pamphleteering or other forms of peaceful protest.
Achtenberg ordered the protesters to turn over diaries, phone messages and other personal papers.
Berkeley? Street rabble? No. Homeowners who opposed a HUD proposal of housing for the poor smack-dab in the middle of their neighborhood.
She threatened to fine the protesters $50,000 but relented citing their First Amendment right to free speech.
Who told Achtenberg about our pesky Constitution?
If memory serves a federal judge did -- and the judge cleared the way for Ms Achtenberg herself, personally, to be held accountable and open to legal action. Again if memory serves Ms Achtenberg hightailed it back to San Francisco leaving her "brilliant" federal career behind.
No Achtenberg Wall between citizens and the Constitution, thank you!
Did you hear the blog post that Limbaugh read from Naomi Wolff? Padded room time for her. Very much off the rails.
looks like a fun place here
Grab a brew. Don’t cost nuthin’
Pull up a chair, infidel!
Another great show. I feel it in me bones.
Hot diggity dog, we’re off and running........woooohooooo!
Skull and Bones
Some ‘pubs are fighting this crap. DeMint, Shelby and a few others.
Rock in da house!
(check out my link in #5. you’ll laugh. you’ll hurl. ;)
Good News!
Oh God, I’m hurling, thanks! That is just soooooooooooo wrong, peta = mental disorder!
Yesterday there was a thread with a photo showing a federal reserve vault stuffed with gold bars up to the proverbial rafters with an estimated value of $200 billion. It was humbling to realize it represented but a small fraction of the proposed bailout.
As for what Savage is talking about..
If the "bad" paper will be bought at a big discount and could pay off handsomely for the taxpayers why not give the opportunity to professional investors?
The 700 billion is what? 3.5% of the $20 trillion? They can handle it. Leave it to the professionals. It's what they do.
has anyone posted on Freerepublic that Ayers probably wrote Obama’s dreams of my father?
ha. That would be a fun story. Got a link?
I think savage should put that on his site and discuss it.
ooo I hope city bank...I can wash my hands of about 5g lol
Interesting theory. No one seems to be talking much about oba-messiah’s school days. None of his fellow druggies, anyway.
oooo i was about to yawn at this woman..then he hits her with zingers lol
Did that caller say Chase might fail???
OMG.
I might lose my Chase VISA Reward Points!!!
I demand a bail out! I have $45.00 in accumulated Reward Points.
God Bless Michael Savage.
Even more fun, my bank, Wachovia, might merge with Morgan Stanley. musical chairs on the titanic. Who knows.
LMAO!
If she sill has a job at one of the investment houses, she be worried.
In the early 80s I had an account at a private Savings & Loan in Oklahoma. Many of the S&L’s were not under any kind of FED insurance. Luckily, I had taken out most of the $$$ and only had about $300 in the account when the S&L crises hit and that S&L closed.
It took a couple of years for the lawsuits, etc. They finally settled. For the next decade, I would get quarterly checks. The checks ranged from about $12.00 to $0.15.
I eventually recovered about $100. It was more of a hassle than it was worth.
I was lucky that I only lost a total of about $200. Some lost their life savings and only got pennies on the dollar after the lawsuits.
Savage took umbrage at her comments. Why? I've read the same analysis and description of Lehman Brothers -- even before the "crash."
Washington and Wall Street did indeed try to find a buyer for Lehman Brothers -- remember? First it was no government bail out for Lehman Brothers, then it was "bail out" Lehman Brothers!
No one wanted to touch 'em is what I remember.
BTW, Savage has stated several times over the years that he knows little about investing and Wall Street -- for the sake of reliable information he needs to have some experts on the show.
He is about the only one concentrating on Wall Street. The others acknowledge the problems there but concentrate on the problems with Fannie Mae and Freddie Mac. Yeah, Schumer said some neat things at the hearings-- but the phony is a big cause of the problem!
Savage’s main problem with the woman caller was her blind trust that those in charge will somehow make it all right a blank check. Subsidizing incompetence is a bad recipe.
“Boiler Room”
more like a “bust out” operation.
Warren Buffet to put 5 Billion into Goldman Sachs
http://www.freerepublic.com/focus/f-news/2088873/posts
Hmmmmm.....
I’m off to dinner. Beef stew over biscuits. And beer.
I’ll do my bit to bail out the beer industry!
I’m off to dinner. Beef stew over biscuits. And beer.
I’ll do my bit to bail out the beer industry!
Whoops, double post and I ain’t had any beer yet!
No argument there.
She may have advocated a government "bail out." My contention is that she was giving valuable background information on the whole problem -- information on Lehman Brothers for example that if the public knows will lead to investigations of wrong doings. Make that must lead to investigations.
She was knowledgeable and articulate; gee, I hope she wasn't black, that'd be a "racist" remark. :) Maybe if she had called Lehman Brothers a boiler room operation everything would have been fine. Though what Lehman Brothers was accused of doing is far beyond a boiler room.
Up to now firms could eat their bad paper to make sure of their money funds. Mostly small firms and small amounts were involved.
"[Reserve Primary Fund, a great choice for large brokerage firms to park emergency cash or any other money you might need soon] was forced to price all of its Lehman paper as worthless; as a result, the net asset value of the funds shares fell to 97 cents." It broke the "buck."
"Bad paper" at Lehman, Fannie Mae and Freddie Mac is felt throughout the world -- please pay us $700 billion, thanks. . . .
The woman caller at the beginning of the show was right about the shenanigans and the investigations -- according to just broadcast news item.
o m g
Good info
KILL THE BULLSHEET BAILOUT
I like today’s michelle malkin column:
“Screw them
Kill the bailout!”
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