[Eric Blair 2084]

The only reason the liberal figurehead Barack Fitzgerald Obama got immaculated as POTUS was the sudden economic meltdown a few months before the election. A crisis caused by liberal policies like the CRA, and magnified by investment banks who packaged garbage and sold the CDOs to foreign gubmints and institutional investors.(they were greedy and when life throws you a lemon they made lemonade)

“Don’t let a good crisis go to waste”. Payback is a bitch. Our childrens future is worth playing hardball for. Screw the Statists and leftists.

[caww]

Well I see Paulson’s in the fray now..meeting with Geitner and Bernie on what to do if there’s no agreement.....
I thought Paulson had done his deed and was out of the political picture....but here he is crying wolf again.

What’s his nose in this now for?
Wonder if he’ll be back begging on his knees again? I’m not at all comfortable he’s in this.

[moshiach]

The scam of selling garbage was not limited to "too big to fail" banks in the US. Ireland and UK banks played the game as well. I remember the reply of a former CEO of a large London bank, who took part in it before he was forced to resign (he got a splendid severance.)

In front of a Commons committee, he was asked if he felt he should apologies for selling garbage. Instead of saying sorry he gave a very frank reply, "it was a good business model."