Aa
Ok, there was a post encouraging Americans to vote. Any thoughts on the results?
I have been out of work for a while now because of the hep c and tx, so I have spent quite a bit of time watching the progress of the elections in the USA. It was so heartwarming to see the positive reactions to the elections from so many parts of the world. However, I do know our media can be biased, and I'm sure there were some very negative responses in the world, but I found it a moving event. He is only a man and I hope he can hold on to his ideals for American and our children but, as we all know "power corrupts and absolute power corrupts absolutely."
Wilful
Wilful
We finally agree on something - LOL the times is left wing, But a Murdoch publication -- the Journal!!
What you say about phony and fraudie is true, but only part of the problem. Phonie's management invested in derivatives and that is the major cause of their problem, not the CRA. I am not defending the CRA, just saying it is a small piece of this mess.
The biggest threat to Obama is Pelosi and Reid. I think they are the reason for his choice of Chief of Staff.
What you say about phony and fraudie is true, but only part of the problem. Phonie's management invested in derivatives and that is the major cause of their problem, not the CRA. I am not defending the CRA, just saying it is a small piece of this mess.
The biggest threat to Obama is Pelosi and Reid. I think they are the reason for his choice of Chief of Staff.
p.s. I consider your listed sources as "left wing propaganda". (especially the NY Times!)LOL
I listed 2 sources in this thread alone. If I am a radical, then 1/2 the people in this country are radicals. Radicalism is in the eye of the beholder I guess. The short answer to your question is the democrats. They pressured Fannie/Freddie to make loans to people who could not afford them. The feds backed those loans. These bad loans were bundled with good loans and sold to Fannie. The Government got involved with the business, and screwed it up! They are getting involved with ALOT of business now and will screw them up as well. Imagine if the Government thought that the telegraph companies were too big to fail. Or typewriter companies, and artificially propped them up like they are doing now? Innovation and the natural process of invention and progress would cease. As a libertarian, I would think you would be against Government intervention (bailouts).
p.s. I am not dodging your question on the "tinker", I am at work and do not have access to my printed source. I will follow up on it later dude.
p.s. I am not dodging your question on the "tinker", I am at work and do not have access to my printed source. I will follow up on it later dude.
You win.
My sources are the Wall Street Journal, The New York Times, the BBC, the Financial Times, Barron's and many blogs on both sides and many books..
I have never seen you list your sources.
Making strong statements does not make you right. Name the tinker that prolonged the depression and tie it to GDP. You seem radical to me, since you seem to believe the right wing news, but think the rest of it is lies.
Explain how the Dems pushed banks in any way at all. Who forced the rating agencies to rate the junk at AAA - the answer is nobody did. They did it on their own because they made more money that way and no one prevented it - free market you understand. Who forced mortgage brokers to bribe the appraisers to over appraise all the houses? Who forced the banks to forgo the credit checks on mortgages? Who allowed investment banks to take their leverage from 12:1 to 40:1? I'll answer the latter, it was Henry Paulson and his friends.
I think they all lie - LOL so I am more balanced.
My sources are the Wall Street Journal, The New York Times, the BBC, the Financial Times, Barron's and many blogs on both sides and many books..
I have never seen you list your sources.
Making strong statements does not make you right. Name the tinker that prolonged the depression and tie it to GDP. You seem radical to me, since you seem to believe the right wing news, but think the rest of it is lies.
Explain how the Dems pushed banks in any way at all. Who forced the rating agencies to rate the junk at AAA - the answer is nobody did. They did it on their own because they made more money that way and no one prevented it - free market you understand. Who forced mortgage brokers to bribe the appraisers to over appraise all the houses? Who forced the banks to forgo the credit checks on mortgages? Who allowed investment banks to take their leverage from 12:1 to 40:1? I'll answer the latter, it was Henry Paulson and his friends.
I think they all lie - LOL so I am more balanced.
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