Wow!
secondary sources:
http://www.youtube.com/watch?v=AHj8-HSi5AA&eurl= —— http://newsbusters.org/blogs/noel-sheppard/2008/09/25/fox-news-blames-democrats-financial-crisis-bill-clinton-agrees -
he reeeeeeeeeeeaaaaaalllllllyyyyy doesn’t want Obama to win!
A sure sign we’ve reached rock bottom (or hard left): When Bill Clinton is actually the voice of moderation and reason.
How hard will it be for the media to throw Clinton under the bus?
Seriously think about that, to the left, Billy Boy is their hero, they basically throw their panties up on stage when he’s speaking.
But now he’s speaking out against the messiah, the media can’t have that. Not from someone as high up in regard as Clinton.
So, can the media get rid of him, clean the political dialogue of his comments, or are they forced to report and give him media time, for being Bill?
No? Didn't think so.
Saving
The the Clintons want McCain to win then it suggests to me that they believe that the tough times are only getting started.
They don’t want Obama to win because Hilary wants to run in four years.
Now that he was being honest, the follow up question should have been, ‘did you or hillary pull the trigger on Vince Foster?’
Obummer knows that whoever BJ supports, loses.
Pray for W, Gov Palin and Our Troops
The pomposity of Bill Clinton never ceases to amaze me. Resisting efforts by me to put standards on Fannie/Freddie? It was Bill and his cohorts that lowered the standards that caused this mess in the first place:
Fannie Mae and Freddie Mac, even into the early 1990s, weren't the juggernauts they'd later be.
After entering office in 1993, he extensively rewrote Fannie's and Freddie's rules.
In so doing, he turned the two quasi-private, mortgage-funding firms into a semi-nationalized monopoly that dispensed cash to markets, made loans to large Democratic voting blocs and handed favors, jobs and money to political allies. This potent mix led inevitably to corruption and the Fannie-Freddie collapse.
Despite warnings of trouble at Fannie and Freddie, in 1994 Clinton unveiled his National Homeownership Strategy, which broadened the CRA in ways Congress never intended.
Rather than submit legislation that the GOP-led Congress was almost sure to reject, Clinton ordered Robert Rubin's Treasury Department to rewrite the rules in 1995.
The rewrite, as City Journal noted back in 2000, "made getting a satisfactory CRA rating harder." Banks were given strict new numerical quotas and measures for the level of "diversity" in their loan portfolios. Getting a good CRA rating was key for a bank that wanted to expand or merge with another.
Clinton's HUD secretary, Andrew Cuomo, "made a series of decisions between 1997 and 2001 that gave birth to the country's current crisis," the liberal Village Voice noted. Among those decisions were changes that let Fannie and Freddie get into subprime loan markets in a big way.
Other rule changes gave Fannie and Freddie extraordinary leverage, allowing them to hold just 2.5% of capital to back their investments, vs. 10% for banks.
Since they could borrow at lower rates than banks due to implicit government guarantees for their debt, the government-sponsored enterprises boomed.
How A Clinton-Era Rule Rewrite Made Subprime Crisis Inevitable