To: Nachum
And what about this: “The people on Wall Street broke this country, and they did it one lousy mortgage at a time. It happened more than three years ago, and there has been no real accountability, and there has been no real effort to fix it. Thats why I want to run for the United States Senate,”
Maybe it’s all just political gainsaying, except I saw some of her lectures on this very stuff, so she is not a sudden convert to these viewpoints. So what exactly has she suggested that makes her a liberal? I’m not picking a fight. Rather, I sincerely would like to be educated on this*.
*I’m googling her right now to see if I can find any of this evidence on my own but am not having much luck yet.
15 posted on
10/10/2011 10:30:27 AM PDT by
cuban leaf
(Were doomed! Details at eleven.)
To: cuban leaf
And what about this: The people on Wall Street broke this country, and they did it one lousy mortgage at a time. That, my FRiend is communist propaganda. Wall street broke nothing. It was the Federal government the created the fiasco that loosened the lending laws that truly destroyed our economy. Any student of basic economics understands that now. She was one of the architects if the intentional destruction of our currency.
19 posted on
10/10/2011 10:40:27 AM PDT by
Nachum
(The complete Obama list at www.nachumlist.com)
To: cuban leaf
It doesn’t take a genius to see how the middle class has been hurt financially and in quality of life. What are Warren’s ideas for changing things? These will determine if she is a lefty or not.
To: cuban leaf
“And what about this: The people on Wall Street broke this country, and they did it one lousy mortgage at a time. It happened more than three years ago, and there has been no real accountability, and there has been no real effort to fix it.”
Well, Wall St didn’t force these broke people to buy houses that they could not afford.
I watched soooooo many ‘first time home-buyers” TV shows where the would be buyer detailed the crazy mortgages that they “qualified” for. Train wrecks. Interest only, 80/20, 0% down, seller pays closing, on and on. Then they were all like, “Well, I guess I’ll have to cut back on dining out and shoe shopping to afford this, but I guess I’ll give it a try.”
My first home the mortgage was the same as the rent I had been accustomed to paying. I had a down payment. I paid my own closing. I never lost my home, nor even had trouble making payments.
No, Barney Frank (Fannie and Freddie) and the buyers were responsible - not Wall St.
To: cuban leaf
Fist of all this “...The people on Wall Street broke this country...” is a misleading statement. It's either ignorance or deliberate misdirection, her being a Rat probably the later. First consider the history of "The Problem". It's all due to the USG (meaning politicians!) trying to be smarter then the market, they broke this country. It's politicians (almost always Rats!) pretending that economic laws/principles aren't real and breaking them have no consequences. Consider most of this financial situation is because of the housing industry meltdown (entitlements is another discussion!), the beginnings of this problem actually started with Jimmy Carter, when he got a bill passed that significantly loosened the financial qualification standards for home loans and set up FANNIE MAE & SALLIE MAE, government managed corporations (Goverment-managed, a recipe for financial failure if there ever was one!). Then the Clinton administration loosened it again, then the Pelosi led Congress did it again. Both McCain & Bush gave speeches pointing out the dangers! (McCain's speech was on You-tube through the 2008 campaign why his moronic campaign managers didn't use this to their advantage is beyond me!) Also under the Pelosi & Reid led Congress Sallie & Fannie became the private piggy banks of Dodd (every bit as corrupt as his father!) and Barney the Homosaur! (Barney had one of his lovers as a managing director of Fannie...sometimes the jokes write themselves!) Now remember all these loans are USG guaranteed, so the what the hack did the banksters care its not their job to correct government stupidity. They got to sell a heavily-leveraged, financial time bomb product at no risk to their institutions, so to they went wild selling it. Why wouldn't they? Again its not their job to correct stupid public policy! And yes the banksters lied about the underlying safety in these products and the financial integrity of the institutions handling them. Again lying and fraud carried no risks because Uncle Sucker was going to be there to pay the bills if they got caught. (In a rational financial word lying and fraud as a business methodology sends your institution into the financial crapper fast!) However this time it was different these things were now hyper-leveraged and hyper-underfunded, so the financial institutions played ‘hot potato’. Eventually it blew up!, and you had Bush doing something he fundamentally knew was wrong, his stimulus. Which he was talked into by USG-Banksters collusionists his Sec Treasury & Fed Chair. (I can't remember their names and I am not going to look them up!) The Zero's stimuli, plus his spending bills sucked more capital out of the economy and there you have it; Uncle Sucker's well is dry hole!
Perhaps Palin’s greatest contribution to the 2012 campaign is her speech regarding “crony capitalism”, it's a huge huge problem. Both parties do it, the Rats are just utterly hypocritical about it. Their popular notion is the Wall Street fat-cats are all GOP’ers and finance GOP troglydite policies. (and they all look like the little millionaire guy on the Monopoly board!) The real truth is, Wall Street has been Rat for many election cycles now (So has been the big corporations, example GE!) The GOP is almost exclusively the party of the small business guy or gal. The best examples in my mind of Rat-Wall Street footsie is Rahm Emanuel's job after the Clinton administration where he left Congress to make some money for his family. He went and made a cool $24M on Wall Street. (I forget which Wall Street giant he worked for!) This guy has a ballet degree, you think he got hired to do plies (pronounced plee aa) for the corporate board? Then there is Chelsea Clinton who went from getting her degree in French Literature at Brown to a 6 figure plus Wall Street job. Do you think she was hired to give translations and dramatic readings of Moliere to the day traders. They were hired for their influence and influence alone! Crony capitalism at its finest! When you legislate the regulation of buying and selling, soon its legislators that are bought and sold!
Warren is just another in a long line of Rat hypocrites regarding Wall Street. Another part of that speech, "..one lousy mortgage at a time.." the utter hypocrisy in that speech it was her fellow Rat politicians (with the cowardly RINOs saying Me too!), that created the conditions that allowed those lousy mortgages to be sold. also don't forget the pressure on banks (where a lending officer might go to jail for failure to comply!!)to sell to financially unqualified buyers. Also remember our TOTUS during his community organizing days led that particular campaign in the Chicago area! Until she properly identifies all the culprits in a speech she is just another hypocritical Rat fraud! She just wants her turn at having her snout in the "Wall Street Bankster-politician" trough. That speech is her saying to Wall Street, 'I want a big check from you guys or jobs for my pals!' Brown is somewhat better, at least seems trainable in free market principles, but both are wretched lawyers!
71 posted on
10/10/2011 12:43:15 PM PDT by
Reily
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