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#52 Oct 07 2008 at 6:51 AM Rating: Good
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knoxsouthy wrote:
Ash,

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Your leaps in cause/effect relationships is staggering. You truly are a simpleton that believes whatever your right wing overlords want you to.



and this.

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Freddie and Fannie used huge lobbying budgets and political contributions to keep regulators off their backs.

A group called the Center for Responsive Politics keeps track of which politicians get Fannie and Freddie political contributions. The top three U.S. senators getting big Fannie and Freddie political bucks were Democrats and No. 2 is Sen. Barack Obama.

Now remember, he's only been in the Senate four years, but he still managed to grab the No. 2 spot ahead of John Kerry — decades in the Senate — and Chris Dodd, who is chairman of the Senate Banking Committee.

Fannie and Freddie have been creations of the congressional Democrats and the Clinton White House, designed to make mortgages available to more people and, as it turns out, some people who couldn't afford them.

Fannie and Freddie have also been places for big Washington Democrats to go to work in the semi-private sector and pocket millions. The Clinton administration's White House Budget Director Franklin Raines ran Fannie and collected $50 million. Jamie Gorelick — Clinton Justice Department official — worked for Fannie and took home $26 million. Big Democrat Jim Johnson, recently on Obama's VP search committee, has hauled in millions from his Fannie Mae CEO job.



If you would stop sucking his d*ck long enough to open your eyes you might be shocked at what you see.
As much as you'd like it to be, Fannie and Freddie were not the cause of this mess. They were, in fact, the first victims of it. It had been building for a long time. Funny, someone with as much financial know-how as yourself should have no difficulty in tracking the Dow Jones for the last, oh, year or so. The entire stock market has been in a freefall for a year, not just some companies.
#54 Oct 07 2008 at 7:13 AM Rating: Excellent
knoxsouthy wrote:
We are all feeling the consequences of a poorly run liberal establishment.


Sorry to interupt this rather serious conversation, but...

Hahahahahahahahahahahaha...

I remember 3 months ago you were screaing that we weren't in a recession, that the US economy was doing fine, and that it was all doom-talk from liberals trying to scare the public.

Now you're telling us it's all real, and obviously it's the liberal's fault.

But, well done to you for seeing it coming. You're smart. Certainly much smarter than the Republican politicians who've been in control of the US for the last 10 years, cos they've certainly not done anything to stop this oh-so-predictable crisis from happening. It says quite a lot that you, out of all people, manage to outsmart the very people you voted for.
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#56 Oct 07 2008 at 7:35 AM Rating: Good
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We're not in a recession,


Keep telling yourself that. I suppose it's your little light at the end of the tunnel. Except that in this case the light is a flamethrower, but nevermind that.

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Not only that but when McCain and the gop said we should really regulate this all the Dems screamed racism.


And you guys just gave up? Man, I'd hate to see how much of a wuss he would be once in charge...

It's scary to think about the state of the US in 2000, and the state of the US now. How quickly things can chage in 8 years when they are profoundly mismanaged. The US went from a gigantic budgetary surplus, great growth, an unassailable position of world leadership in everything from economics to politics, and one of the most stable international environemnt in the last 100 years.

8 years later, the whole globalised economic system is on the verge of collapsing, the US is stuck in two far-away wars it can barely manage, ordinary people are losing their homes and their jobs while having to fund a rescue of Wall Street, China is preparing itself for the position of "world's biggest superpower", and no one has the smallest idea as to how the hell we're going to get out of it.

It might all just be a coincidence though, I suppose...
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#57 Oct 07 2008 at 7:39 AM Rating: Good
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RedPhoenixxx wrote:
8 years later, the whole globalised economic system is on the verge of collapsing, the US is stuck in two far-away wars it can barely manage, ordinary people are losing their homes and their jobs while having to fund a rescue of Wall Street, China is preparing itself for the position of "world's biggest superpower", and no one has the smallest idea as to how the hell we're going to get out of it.

It might all just be a coincidence though, I suppose...
We had to find them 'terrist' with their 'nukular weapons' though. We had to topple Hussein, had to oust the Taliban. We had to bail out Wall Street. We had to allow offshore drilling to come closer to home.

This month just won't go by fast enough.Smiley: mad
#58 Oct 07 2008 at 7:42 AM Rating: Good
AshOnMyTomatoes wrote:
We had to find them 'terrist' with their 'nukular weapons' though. We had to topple Hussein, had to oust the Taliban. We had to bail out Wall Street. We had to allow offshore drilling to come closer to home.


Well, two out of five ain't bad, I guess.
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#60 Oct 07 2008 at 9:05 AM Rating: Excellent
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To a Democrat congress completely f*cking it up.


Congress was under Republican control until 2006. This mess did not start two years ago.

You, sir, are a liar.

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#62 Oct 07 2008 at 9:11 AM Rating: Good
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knoxsouthy wrote:
Jophed,

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Congress was under Republican control until 2006. This mess did not start two years ago.

You, sir, are a liar.


You're lying to yourself. I'd suggest you research the Dems connection with Fannie and Freddie but I know you won't.

The Dems, while in the minority, blocked any attempt to reform fannie and freddie. This entire mess is the Democrats fault.
I still don't know how two comparatively small corporations can cause the collapse of the global economy, but hey, that's just me.
#63 Oct 07 2008 at 9:34 AM Rating: Good
knoxsouthy wrote:
Jophed,

Quote:
Congress was under Republican control until 2006. This mess did not start two years ago.

You, sir, are a liar.


You're lying to yourself. I'd suggest you research the Dems connection with Fannie and Freddie but I know you won't.

The Dems, while in the minority, blocked any attempt to reform fannie and freddie. This entire mess is the Democrats fault.


Yeah, Joph. I hope you're listening, and listening good.

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#65 Oct 07 2008 at 9:39 AM Rating: Excellent
gbaji wrote:
And he actively works to pursue a "radical" education agenda. Basically, he wants to teach all kids in public school about just how horrible and racist their own country is, so that they'll hate it as much as he does.


Do you even live in this country? It is small minded, sexist, horrible and fucking racist.

That's not radical, that's the truth.

Edited, Oct 7th 2008 12:35pm by Kaelesh
#66 Oct 07 2008 at 9:40 AM Rating: Good
knoxsouthy wrote:
Ash,

It wasn't just fannie or freddie but what they pushed with those subprime mortgages. And yes that can have effects realized worldwide.



Which wasn't just Fannie or Freddie. By all means, act like they were the only dealers on the block you naive *****.



Edited, Oct 7th 2008 12:34pm by Kaelesh
#67 Oct 07 2008 at 9:44 AM Rating: Excellent
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Samirapooface,

Varrus wants you to know that you're lying to yourself. He'd suggest you research the Dems connection with Fannie and Freddie but he knows you won't.

He also says that the Dems, while in the minority, blocked any attempt to reform fannie and freddie. And that this entire mess is the Democrats fault.
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Wow. Regular ol' Joph fan club in here.
#68 Oct 07 2008 at 10:14 AM Rating: Excellent
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Thanks, I'll be sure to get right back to him on these vital issues.

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#69 Oct 07 2008 at 10:17 AM Rating: Excellent
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kk, I'll let him know.

Varrus,

Samira says that she'll be sure to get right back to you on these vital issues.
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Belkira wrote:
Wow. Regular ol' Joph fan club in here.
#70 Oct 07 2008 at 10:22 AM Rating: Excellent
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You betcha!

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#71 Oct 07 2008 at 10:29 AM Rating: Good
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I wonder how much foreclosed real estate I can gobble up right now for ridiculously dirt cheap in an attempt to build my own empire. I know I can snatch up the two houses across the street for about 10 grand each in taxes and what not.

Hopefully everyone else on the street can't pay their bills. I might be able to own an entire block and not have to deal with retarded neighbors.
#74gbaji, Posted: Oct 07 2008 at 11:05 AM, Rating: Sub-Default, (Expand Post) No. I'm asserting that Ayers and Obama hold similar views on many political subjects. Which is why Ayers supported his candidacy. You guys are so caught up debating the amount of power Ayers has. That's not the issue. Politicians have supporters. Those supporters tend to support them because the politician shares some view or agenda with them. How much power they personally wield isn't relevant. It's their views and agenda and the degree to which the politician followed a set of actions to help that view.
#75 Oct 07 2008 at 11:08 AM Rating: Good
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Well seeing as how you assume I don't have the means to purchase anything based on your superior intellect, I can now see why everyone believes all of nothing you have to say in these forums.

I don't need the bank to do subprimes anymore, but I do appreciate your attempt at a witty remark.

Please continue to assume as it makes your mindless dribble quite interesting to read. I get a laugh daily out of the crap you spew with absolutely nothing to back any of it up.

Edited, Oct 7th 2008 2:02pm by Chocoblo
#76 Oct 07 2008 at 11:09 AM Rating: Default
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knoxsouthy wrote:
There is a housing crisis that has been caused by liberal run institutions. Not only that but when McCain and the gop said we should really regulate this all the Dems screamed racism.


Still screaming racism. Apparently Barney Frank is now arguing that anyone who says that the Dems are to blame for the housing crisis are racists...

See. Because the CRA helped black people own homes (and poor people, but let's ignore the non-colored folks for the moment!). So. Opposing the CRA makes you a racist. See how that works? And pointing out after the fact that the CRA caused a massive economic crisis is just more racism. Oh no! Can't be Barney Frank's fault at all...

Lol.
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