Remember the LONG-TERM Causes of the Financial Sector Meltdown (an email pre-formatted for sending)

FreedomKeys.com ^ | 20101010 | various

[FreeKeys]

Please consider copying the above and emailing it to everyone who needs to be motivated to vote.  And everyone else too.

[FreeKeys]

I think I’ll start a ping list of emailers. FReepmail me if you want to be on it. Even if you’re only an occasional emailer.

[FreeKeys]

crunch time ping

[MrEdd]

Analysis is incomplete.
The overinflation of realestate prices is only one factor in the current economic crisis.

[Neoliberalnot]

All of us should be reminded to save this information which will never see the light of day in the government controlled corrupt old media.

[Lorianne]

good work!

[FreeKeys]

Analysis is incomplete. The overinflation of realestate prices is only one factor in the current economic crisis.

If you must you can add the following, but focus on the context: Our purpose here is to win elections, not to educate everybody about everything:

     "The reasons for [the financial sector problems] are not obscured.  There are several of them. 

        "One of them is that the Federal Reserve under Alan Greenspan kept the punch bowl open for a long time with [unusually low] loan interest rates after 9-11, which led to a wild borrowing spree on Wall Street and Main Street. 

       "Secondly, for two decades you've had Republicans and Democrats in the Presidency and also in Congress who
 pushed to expand lending for housing for people who hadn't had it before, particularly African-Americans who'd been denied it because of discrimination and racism, and encouraged sub-prime loans which, in the end, collapsed in a fury and in a wave. 

      "And thirdly, what we had was a kind of advance in computers in which people derived these esoteric instruments of debt, which was understood, not as a way to cheat and hide, but as a way to spread the risk of mortgages.  But ultimately, because it was [so] obscure, it had the opposite effect of spreading the liability in a way that people aren't even sure how much they own. 

       "The reason Lehman collapsed is because it looked at its books and doesn't understand how much of a liability it has, and a run starts on it, and it can't answer. 

        "Both are appealing mindlessly to populism [blaming Republicans or Wall Street instead of the politicians who started the whole mess when, for years and years, so many of those politicians had the government coerce the financial sector into selling all those risky mortgages]." -- Charles Krauthammer on Special Report with Brit Hume, Sept. 18, 2008 

[FreeKeys]

crunch time ping

[FreeKeys]

good work!

Thank you! Are you putting it to use?

[Lorianne]

Yep, already using it.

I really wish we could have a database of some of these things so we could put our fingers on certain articles more easily

[SouthTexas]

Would the Last Honest Reporter Please Turn On the Lights?

I don't think one exists.

[Tribune7]

bump

[FreeKeys]

Death on a fairly large scale is the only real solution to the problem.

Wrong. Viciously wrong. I reject and repudiate that and do not want to let your vile comment stand unanswered. ALL human beings are open to reason and persuasion later if not sooner.

[listenhillary]

The Orson Scott Card article could use it’s own thread. There used to be an OSC pinglist maintained by Tolik?

[FreeKeys]

The Orson Scott Card article could use it’s own thread. There used to be an OSC pinglist maintained by Tolik?

Is it proper to repost it? Or even post something so old by itself? Anyway, Tolik's OSC list is still alive and well, apparently...

[Excellence]

Here it is, everything, all in one place bump.
Good job, indeed.

[Kansas58]

I have been singing this tune for over 2 years now. In the financial business, and it is amazing how many lenders, bankers, brokers and agents STILL do know understand this mess!

[FreeKeys]

...bump. Good job, indeed.

Thanks!

[FreeKeys]

I have been singing this tune for over 2 years now. In the financial business, and it is amazing how many lenders, bankers, brokers and agents STILL do know understand this mess!

And I hope you send the above to every one of them that you have an email address for! ;*D