Posted on 09/27/2008 8:41:48 PM PDT by Libertina
For the next debate, McCain MUST, MUST, MUST directly attack Obama on his background regarding this mess!
He must bring up Obama’s work as a ACORN lawyer who sued Citi Group who was being charged for not giving more loans to poor people with poor credit.
He must bring up the fact that Freddie and Fannie were broke or in very bad shape as of 2001, and that the Bush administration repeatedly warned congress of this only to be blocked by RATS such as Frank.
He must bring up the fact that RATS such as Barney Frank refused to heed the warnings of mortgage lending policies and the dangers facing the financial markets.
He must remind all of Obama’s close links to Franklin Raines and Jim Johnson, and Obama’s mentality of pushing for give-aways to people with bad credit.
I hope you and YouTube are not located in Missouri as you could go to jail for spreading “lies” like these.
Another thought - actually a question - Why didn’t McCain talk about how the he (and Bush) tried to increase regulation?
Did he think he was going to lose conservative votes by being in favor of regulation?
I don’t want any GSE’s but if they are forced on us, then I am in favor of tough government regulation of them if we’re gonna have to bail them out.
Everyone else should be allowed to fail.
If you are a fool tuning into CNN, Chris Matthews will blame the Republicans, and if you have any evidence the to contrary, he will shout you down. Some of these youtube videos are incredible.
The longer this continues (and it will), the more politically OTT the Democrats are going to get. No telling what depths they’ll sink to.
The creation of huge commissions and bonuses from mere words.
That was enabled be another, earlier Wall Street and Finance dynamic -- the loosening into corruption of accounting and fiduciary standards from the 1970's on. That then allowed executive pay to skyrocket, fostered insiderism, and culminated in the 1999 repeal of the 1933 Glass-Seagal Act that kept banks separate from investment houses, and led directly to the outbreak of metastasized cancer of too-complicated derivative contracts. They had to be too complicated by design -- for that inscrutability allowed them to be valued at current fantasy.
* * *
The Three Legs of Massive Fail
(1) Beltway Mandates Bad Debt or Die. Late 1980's through today. Powerful Beltway political cronyism implementing a highly corrupt self-dealing favors, bribery and kickbacks system via the rubric of home ownership for all. CRA and Freddie and Fannie. (Also includes the student loan biz, as a parallel endeavor of political corruption.)
(2) Poisonous Financial Confection of Inscrutable Derivatives. 1980's through today. Strictly a Wall Street confection. Too brilliantly complicated for the corrupt sods in congress. A cancer that metastasized in 1999 when banks and investment houses were allowed to marry and become as one.
(3) Weakened Accounting and Fiduciary Standards. Mid 1970's through today. Started with the cocaine craze among the suited class. Corporate and Banking financiers and auditors became "Lords of the Universe". Professional standards dropped, accounting standards weakened. The good left the trade or were outcast to small places.
Not a big surprise about the democraps. They constantly blame Republicans for the mess that they make.
The second link for the youtube video did not work. do you have another link please?
Since HUD was big on making this mess - and profiting from it - I wonder what percentage of black loans went into default.
http://www.youtube.com/watch?v=NU6fuFrdCJY
Please watch the above video and then Google the info when you are done. If you google the information you will find the info in this video is factual. We must not bail out the same people who caused the problem. We must have new regulations and oversite put in place before we hand the very same people who put us in this boat 700 billion dollars.
Another thing, you will not find this kind of information in the Lame er Main Stream Media. The people truely responsible for this problem are in bed with CNN, MSNBC, ABC, CBS, and NBC. So just forget about the media looking out for little folk like me and you.
Please watch this one too:
http://www.youtube.com/watch?v=_MGT_cSi7Rs
Please note that if the Democraticly lead Congress would have pushed their rescue bill threw last week, we would be giving the same people who caused the problem almost one trillion dollars without oversite or re-regulating to fix the problem.
And I will add one more statement: Barrack Hussein Obozo is telling the American people that it was the greed of Wall Street and the Regulators who are the problem. After watching these video and verifying the information, I am going to say that Obozo will not want you and I to know the truth. His greedy friends are getting fatter while you and I are getting poorer.
Have gotten a working link, post 51. :)
Thanks much Jim. Kudos to Forrestfire, in this instance I am merely the humble FReeper with the HTML Sandbox skills ;) WA FReepers Rock!
PS Hope you and your family are in good health and doing well!
LOL Only if Obama is put in there FIRST! ;)
BUMP New link for second video... Please see Post 51
Thanks for the Bump Libertina.:)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.