Palin !!!!

[Coolio Hernendez]

She's winning @ 9:41 pm.....She's tough....Shes' a hard a$$ and shes winning right now !


Lets talk not fight....These are just my views....but i would love to hear everyones thoughts.

[lovepat906]

PS-If you are really po'd about this bailout business, here is where you have to focus. It is not about who is a "babe" or a POW or  is folksy and down home. It is about basic economic philosophy. Do they really believe in regulation? What is their record? Do they have the will and the intelligence and the collaborative attitudes that it will take to get  the regulations and transparency in place that will prevent us from repeating this ugly mess?
I repeat: SARAH PALIN stated, during the debate, that government has to "get out of the way" - that is her philosophy and the philosophy of her running mate. And it is not only the top dogs that we need to question on this. I urge everyone to question their local candidates on this issue. Do they support regulation or do they think govermnment should "get out of the way"? And what is their record in this regard. Dem or Rep- anyone who is unwilling to support regulation needs to be shown the door.

[allaboutmary]

lovepat..............great info.  Did the NPR program say if they thought this bail-out is going to help ?

[flmagi]

With all the complexities of Wall Street etc., how can there Not be regulations? There has to be, plain and simple. It's like taking away ALL the rules and laws that people live by everyday. It causes chaos!

[lovepat906]

I listened to a NPR program yesterday where they very simply walked through the details of this crisis.Although many want to blame people who accepted loans that were too dear for their budgets( aggressively sold to them by predatory lenders), I got a better picture of what's been happening. After listening, it seems clear to me that the biggest culprits were those who were selling and buying something called " credit default swaps". Basically it is unregulated insurance on investments. Big companies or investors invest mega bucks. They then buy a credit default swap to insure their investment. So if the borrower goes under the credit default swap vendors pays them back.The credit default swap vendor gets a premium from the buyer of the CDS
(interesting acronym) and makes money- betting that the company that borrowed the mega bucks will be a-ok. Because of deregulation an interesting thing happened. Unlimited other speculators could buy the insurance on that same investment- which wasn't even theirs! Kinda like buying life insurance on your neighbors. Basically THEY were betting on the original buyer to fail. AND the credit default swap vendors- like AIG- didn't have to have the bucks to back up their guarentees. Because of dereg- no one knows who owns these things, how many are out there, or what impact they have on the solvency of the companies and banks that were doing these deals. Therefore, money lending has ground to a halt at the business level because no body knows who is a dependable borrower anymore. When borrowing dries up at the upperlevels, jobs get cut and people stop being able to pay their mortgages, stop spending, and capitalism stalls-such a house of cards.
The bottom line is- if these things had been regulated, we wouldn't be here. The attitude that we have to get goverment "out of our way" ( as Sarah Palin espoused at the debate) is the culprit.
We need to elect people who believe in regulation- it's an important philosophical set.

[allaboutmary]

ibizan.....I couldn't agree more. The Bush administration has destroyed this country, but every time I post that, thier are people that post back that congress made this mess. They don't get that the president sets the agenda....like with our wonderful bail-out and their scare tactics to get it passed.

[ibizan]

Bush was a big proponet of de-regulation which rooted itself in big banks lending....BIG!much of this is his fault.....the last 8 years is evidence enough....how i feel for those retiring now...or having lost a job....my retirement nest egg i;ve had for 30 years now is half of what it was....yes half is better than none. more like a lil blue robins egg..but it is said that on the minimum we many not see a turnaround in this at a minimum for 2-3 years.....and Suze orman and many other analysts say at a max 6-10 years!Osama Bin Laden was heard to have said after 9/11 that he wanted to cripple us the most where it hurt...our financial world and did he ever......he KNEW how Bush would handle this!smart man for living underground like a tunnel rat!