The Coming Collapse Of The Modern Banking System (from 12-17-07)

fearthegovernment. ^ | 12-17-07 | Mike Whitney

[dennisw]

||||||Doom and gloom ping list. Economics and geo-political economics. Freep-mail me if you want on||||||

[Taffini]

note to self-—read when more awake, goodnight friends.

[period end of story]

Let them print their own money, already.

Oh wait.

[dennisw]

ping

[RocketMan1]

Bush warned thirteen times of the pending doom, starting back in 2003. Bwawney “Elmer Fudd” Fwank, Chris “Sweetheart Loan” Dodd, and Maxine “I’m All For Socialism” Waters said there was nothing to be worried about. And THEY got re-elected.

[DoughtyOne]

How many bills did Bush submit to Congress? How many times did he ask for media time and address the public on the topic? How many Executive Orders did he draft knowing Congress would have to over ride them to cancel them out?

Bush is as guilty as anyone when it comes to this mess.

As for the Republicans in Congress, they had the majority from 2004 to 2006.

About all I can do is hang my head at the sorry excuse for leadership I have seen out of my party in the last 20 years.

Inside I’m furious at this bunch of jackasses.

[smokingfrog]

bump4later

[griffin]

Imprinted in my mind for some reason was a sentence Bush uttered in a State of the Union address (2004 or 2005?)...”Home ownership has risen to historic or unprecedented levels”, essentially taking credit for it himself.

[Freee-dame]

bump

[DoughtyOne]

I remember some of those types of comments, so this makes sense to me. It’s just sad to see folks herald something that in time will cause serious harm to our nation.

[Rum Tum Tugger]

About all I can do is hang my head at the sorry excuse for leadership I have seen out of my party in the last 20 years. Inside I’m furious at this bunch of jackasses.

Couldn't agree more. Dubya and the GOP are as responsible for the current mess as Bwaney Frank, et al.

[Torquay]

Should read, “THE COMING COLLAPSE OF THE COMMUNIST INFESTATION!

[Kimberly GG]

Essentially, according to this, he IS to be credited for it:

http://www.freerepublic.com/focus/news/2198532/posts?page=19#19

[Mr. Know It All]

Bush warned thirteen times of the pending doom,

1. Bush never said anything about the expanding credit market. It's the Credit Default Swap market that's killing us. The CDS market was built on top of bad loans. If it was just the loans that were failing, we'd have a minor disaster instead of a major one.
   
   
2. Bush's job wasn't to warn the country, it was to run it. He didn't actually do anything. Barney Frank, Chris Dodd and Maxine Waters were in the minority party. What did the majority party do to stop them? Nothing.

[4rcane]

Freddie and Fannie were part of the problem, but the lion shares properly goes to Alan Greenspan and the Federal Reserve. Freddie and Fannie and Wall Street got drunk at the party, but who gave them the alcohol? The Fed

[wolfcreek]

Neglects to mention M-A-N-I-P-U-L-A-T-I-O-N.

Ever find out where that $550,000,000,000 went on 9.11.2008?

[Patton@Bastogne]

I like Bush ... but you’re “spot-on” in your criticism ...

[logician2u]

A new book by Tom Woods confirms what you say:

The Fed is not our friend.

[RocketMan1]

My post wasn’t in support of Bush. I finally severed my fondness of him after the immigration nonsense. This was after several years of dismay ranging between indifference to outright anger. Same goes for our do-nothing Republican Congress!!

I don’t necessarily blame Americans for their anger toward Republicans. But they are morons for thinking Stretch Pelousy, Harry Reid, and Pres. Osama are a good alternative!

Why the Republican Congress and Republican President for SIX YEARS failed to pass any meaningful legislation .. fair taxes, fixing Fannie/Freddie, etc .. all the while playing patty-cake with the RATS and running their OWN earmark bonanza, I’ll never know.