McCain has also come out in support of setting income limits on executives – just lost my vote – again.

Can.Utility

So are you voting for Obama, or not voting at all? Both are the same: a vote for hurting America.

Rethink your position man, this isn’t a single issue election.

McCain BLEW IT the other day when he all too quickly demanded that Chris Cox be fired immediately.

It was a knee-jerk reaction that should have been thought out more carefully first before being said.

Shirotayama on September 22, 2008 at 6:30 AM

McCain has also come out in support of setting income limits on executives – just lost my vote – again.

Yeah, that’s enough to give ME pause, too.

McCain BLEW IT the other day when he all too quickly demanded that Chris Cox be fired immediately.

It was a knee-jerk reaction that should have been thought out more carefully first before being said.

And Obama took the gift and walked all over McCain, to Obama’s poll result advantage.

McCain needs to think before he speaks, turn to his experts, and ask “I want to say this…what are the repercussions?” before opening his mouth.

Otherwise, get ready for America’s first Marxist administration.

WHAT THE HELL IS WRONG WITH MCCAIN! Every time i start to feel good about him he pulls stupid stunts like this. Doesn’t he realize that Cuomo is the A$$CLOWN who caused the whole problem to start with? How freaking stupid do you have to be to put that guy forward to look into all this!!!!!

The highest art in the world cannot gold socialism. It is impossible to make beautiful the denial of liberty.

Auberon Herbert, 1899

The foundation of the economic system of the USSR is socialist ownership of the means of production in the form of state property (belonging to all the people), and collective farm-and-co-operative property. Socialist ownership also embraces the property of trade unions and other public organizations which they require to carry out their purposes under their rules. The state protects socialist property and provides conditions for its growth. No one has the right to use socialist property for personal gain or other selfish ends.

Constitution of the Union of
Soviet Socialist Republics
(U.S.S.R) Article 10

We are for Socialism, disarmament, and ultimately for abolishing the state itself as an instrument of violence and compulsion. We seek the social ownership of property, the abolition of the propertied class, and the sole control of those who produce wealth. Communism is the goal.

Roger Baldwin, founder of the “Bureau for
Conscientious Objectors of the American
Union Against Militarism,” the name of
this organization today is the A.C.L.U.
“American Civil Liberties Union”

The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.

Sir Winston Churchill

The higher the rate, the more likely the chance of default.

Liberals are stupid.

Well-meaning but stupid.

god, I still hate politicians….

Socialism DOES create poor people. And poor medical care. And thus unhealthy people who can’t get treatment.

Socialism creates nothing but utter mediocrity. So does the political correctness the Left has used to dumb down our schools, make it easier for incompetents to be employed based solely on their heritage (an extreme liberal dem manager at my job hired someone solely based on her wanting another of her own race to be hired…and although the guy’s a nice guy, by what I’ve heard from others who work with him directly apparently has no freakin’ clue what he’s doing), etc, etc. All to serve the ideal that everyTHING has to be 100% fair to everyBODY.

Except life’s not fair and never fully can be. Rather than push people to excel, socialism pushes people to total mediocrity.

I forgot to add another link. This book directly addresses some of the fraud issues that have gone on, and how to get around them.

http://www.amazon.com/exec/obidos/ASIN/1416543112/bookstorenow16-20

There was also a ton of fraud in the broker business; even on the full-doc loans a lot of those “docs” were faked by the brokers.

Rockmom,

Indeed. PLENTY of fraud in the financial biz to go around. The fault lay in several places:

-Clinton’s political push to make sure minorities got into home ownership…whether they were a good credit risk based on the numbers or not. Reference the Neil Boortz article I posted a link to earlier.
-Clinton signing Gramm’s push to repeal Glass-Steagall
-A totally broken, utterly siloed U.S. regulatory structure where needed communication didn’t take place between regulators and in fact, may have been prohibited. Reference the link I posted earlier to Paulson’s March 2008 proposals for financial industry regulatory reform. SIX MONTHS AGO.
-Business conduct STUNK: One of Paulson’s proposals is a business conduct regulator over the entire financial industry, recognizing that formerly split market sectors (banking, securities, futures, insurance, mortgage lending) have long since converged and are utterly interconnected now (again, due to Glass-Steagall going away…and due to needing to compete with Euro and Asian capital markets’ regulation structures to stay competitive).

There is PLENTY of blame to go around. But there were also people sounding the alarms for a number of years who got ignored, and they saw this coming.

All of us better pray the commercial paper and cash fund markets stay afloat. If they collapse, as almost happened last Thursday, we face severe national economic pain.

Holy crap…

That was possible the best hour of radio I’ve ever listened to. This needs to be sent to every person of voting age and made required listening.

Spread the word folks, before it is too late.

cannonball on September 21, 2008 at 5:37 PM

Exactly what I posted 47 hours ago.

I’m making up audio CDs of his show and passing them out to as many as possible… we’ll never hear the truth via the leftist news media.

Can you get me an actual quote on that reference from the democrats admitting to Bernanke and Paulson that they sought an economic collapse for the benefit of their party? I can think of no better way to ensure the death of that socialist regime of a party than to have that quote ready for mass distribution (and appropriate charges of treason) should my scenario from previous comments be correct.

We all know that our economic ruin for their political gain has been their intent. I’d just like to see them actually be on the record for it for once.

Flutejpl,

Can’t get you that exact quote because it didn’t come from a printed source either hardcopy or online. Came purely from a phonecall I was engaged in with my financial advisor…who is the Director of Investment Planning at a very large and well known financial advisory (but NOT an investment bank and NOT connected to ANY of the big players) whose boss, the founder of the firm, has sufficient connections to hear about what happened in that meeting.

So, the rest of you may take what I’ve written with a grain of salt. This advisor has never, ever steered me wrong, and I’m aware of his boss’ connections. I trust what he told me to be the straight dope.

And it scared the hell out of me.
Because he was quoting money market and commercial paper market data at specific times on Thursday.

If Levin’s arguing the bailout is now necessary…unfortunately so, but is railing against those who caused it, well, then I’m still a loyal listener.

There was also a ton of fraud in the broker business; even on the full-doc loans a lot of those “docs” were faked by the brokers.

Chakra:

It just fed on itself. I think that is why it is so hard to assign blame, there is so much of it to go around.

Terrye on September 21, 2008 at 9:54 PM

Well.. who had oversight of the banks the last couple of years?

you had people, people willing and pushing crack on to crackheads, and willingly selling alcohol to alcoholics, you had people pushing poor people with gambling problems in a casino..

Seems like a shady business to me..

those NINJA loans may sound like a compassionate thing, but that is the most irresponsible thing ever, and I’M POOR..!

(I know, A Republican admitting to being poor.)

yep, there are some of us.

I dealt with a lot of those lenders and no one was making them loan to people. They were advertising cheap money everywhere. They were looking for people to borrow money.

Terrye on September 21, 2008 at 9:18 PM

Was it because of commisions? If the company was eagerly pushing it’s reps to make more loans, then what could be the reason?

Perhaps it was to try to offset to risks of their existing loans. Perhaps the lenders figured that if they had enough good borrowers — at least enough to offset the occassional bad borrower, anyway — that they’d still have a chance of making a go of it.

This is like check kiting. Except that it’s done by people whose own money is safe, and on behalf of people whose money is in their clueless, seemingly fraughtless, scheming little hands.

I’ve run out of patience with these frauds. These “politicians”. These creeps who are so self-absorbed that they deign to run for office in the first place!

I’m gonna grab a beer. Back in a minute…

It just fed on itself. I think that is why it is so hard to assign blame, there is so much of it to go around.

My ex put himself through school doing offset printing part time. And he was a stripper. That is what they called it, but the real job title was lithographer. Yes, printing really change didn’t it?

Chakra:

Yes, a lot of them were getting commissions.

Terrye on September 21, 2008 at 9:48 PM

Well then see… they were feeding the the beast!

They were supplying the crack addict!

Yes, a lot of them were getting commissions.

trying to destroy the economy.. :{

Jamie Gorelick has doe it again.

Jamie Gorelick

Even though she had no previous training nor experience in finance, Gorelick was appointed Vice Chairman of FNMA(Fannie Mae) from 1997 to 2003. She served alongside former Clinton Administration official Franklin Raines, and earned over $26,000,000($26 Million Dollars) during her six years there. During that period, FNMA(Fannie Mae) developed a $10 billion accounting scandal. One example of falsified financial transactions that helped the company meet earnings targets for 1998, a “manipulation” that triggered multimillion-dollar bonuses for top executives. Gorelick received $779,625. On March 25, 2002, Business Week interviewed Gorelick about the health of “Fanny Mae”. Gorelick is quoted as saying, “We believe we are managed safely. We are very pleased that Moody’s gave us an A-minus in the area of bank financial strength — without a reference to the government in any way. Fannie Mae is among the handful of top-quality institutions.” One year later, Government Regulators “accused Fannie Mae of improper accounting to the tune of $9 billion in unrecorded losses”. Not long after that, the American taxpayer was forced to foot the bill of a failing Fannie Mae.

——————

Is Jamie Gorelick going to get to Walk AGAIN?

She helped to cause 9-11 that killed lots of US Citizens and hurt our economy.

Now, she was part of the problem and was in a position that she had NO BUSINESS of being in, and is a corrupt as hell..

Where are the Grand Juries?