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November 17, 2008

Lest We Forget

There is little doubt that our economy will steepen its decline when a sophomoric socialist takes over the White House, backed by an alarmingly inept, irresponsible, and radicalized Congress. As taxes shoot upward, jobs disappear, and our standard of living declines, the media will tell us that the crisis was set off by Republicans, and that Democrats are just trying to clean up the mess. Hopefully, a few people will remember who really did start the unraveling, and who tried to stop it:

The "political lynching of Franklin Raines" comment refers to the fact that corrupt Fannie Mae exec Raines, who stuffed his pockets with $90 million between 1998 and 2003, and who has advised Obama on mortgage and housing policy matters, is black and therefore beyond criticism.

On a tip from Harris.

Posted by Van Helsing at November 17, 2008 7:56 AM

Comments

Here ya go, brainstems. It's official. You're grabbing at straws in your attempt to once again blame poor people for your problems:

Most subprime lenders weren't subject to federal lending law

Did a 31-year-old law giving poor people a break at the bank accidentally break the bank?
A lot of opinion leaders think so. From the editorial pages of The Wall Street Journal to talk shows to the op-ed page of The Register, people are charging that the Community Reinvestment Act of 1977 forced banks to make bad loans, leading to financial Armageddon.
There's just one problem: It isn't true.

See if you can manage to read that. Assuming you can read and comprehend.

Then there's this little gem about why Fannie & Freddie weren't regulated:

AP IMPACT: Mortgage firm arranged stealth campaign

WASHINGTON – Freddie Mac secretly paid a Republican consulting firm $2 million to kill legislation that would have regulated and trimmed the mortgage finance giant and its sister company, Fannie Mae, three years before the government took control to prevent their collapse.

In the cross hairs of the campaign carried out by DCI of Washington were Republican senators and a regulatory overhaul bill sponsored by Sen. Chuck Hagel, R-Neb. DCI's chief executive is Doug Goodyear, whom John McCain's campaign later hired to manage the GOP convention in September.

Like shooting fish in a barrel with you people.

Posted by: Dino at November 17, 2008 8:43 AM

There you have it! It is our job to make sure the TRUTH is told and not the bull$hit spread by the left (Notice they would be the first to comment and keep the LIE alive). There are endless video's and documentation about the Democrat's orchestrating this collapse and we must make sure the TRUTH is known. Republicans tried over and over to stop this fiasco and they just continued. FORGET it lefty, this is the internet, NOT your subservient media! 8-)) EVERY TIME THEY LIE WE MUST SET IT STRAIGHT!

Posted by: TED at November 17, 2008 9:37 AM

Actually, the crisis was caused by both sides.

According to factcheck.org……

So who is to blame? There’s plenty of blame to go around, and it doesn’t fasten only on one party or even mainly on what Washington did or didn’t do. As The Economist magazine noted recently, the problem is one of “layered irresponsibility … with hard-working homeowners and billionaire villains each playing a role.” Here’s a partial list of those alleged to be at fault:

* The Federal Reserve, which slashed interest rates after the dot-com bubble burst, making credit cheap.

* Home buyers, who took advantage of easy credit to bid up the prices of homes excessively.

* Congress, which continues to support a mortgage tax deduction that gives consumers a tax incentive to buy more expensive houses.

* Real estate agents, most of whom work for the sellers rather than the buyers and who earned higher commissions from selling more expensive homes.

* The Clinton administration, which pushed for less stringent credit and downpayment requirements for working- and middle-class families.

* Mortgage brokers, who offered less-credit-worthy home buyers subprime, adjustable rate loans with low initial payments, but exploding interest rates.

* Former Federal Reserve chairman Alan Greenspan, who in 2004, near the peak of the housing bubble, encouraged Americans to take out adjustable rate mortgages.

* Wall Street firms, who paid too little attention to the quality of the risky loans that they bundled into Mortgage Backed Securities (MBS), and issued bonds using those securities as collateral.

* The Bush administration, which failed to provide needed government oversight of the increasingly dicey mortgage-backed securities market.

* An obscure accounting rule called mark-to-market, which can have the paradoxical result of making assets be worth less on paper than they are in reality during times of panic.

* Collective delusion, or a belief on the part of all parties that home prices would keep rising forever, no matter how high or how fast they had already gone up.

The U.S. economy is enormously complicated. Screwing it up takes a great deal of cooperation. Claiming that a single piece of legislation was responsible for (or could have averted) the crisis is just political grandstanding. We have no advice to offer on how best to solve the financial crisis. But these sorts of partisan caricatures can only make the task more difficult.

----------

Oh no! Is that the Liberal media again?!?!

Posted by: virgomonkey at November 17, 2008 9:41 AM

Of the reasons given in the post by virgomonkey, all of them are tied to republicans and/or conservative policies. I saw nothing in there that could even remotely be tied to liberalism.

All of the reasons given are tied to greed and the elevation of making money over acting responsibly. That's a republican-promoted worldview.

Posted by: Dino at November 17, 2008 9:49 AM

DEMOCRATS CONNECTION WITH FANNY MAY ETC.


www.youtube.com/v/usvG-s_Ssb0&hl=en&fs=1


Burning Down The House: What Caused Our Economic Crisis?


www.youtube.com/v/NU6fuFrdCJY&hl=en&fs=1


Democrats in their own words Covering up the Fannie Mae


www.youtube.com/v/_MGT_cSi7Rs&hl=en&fs=1


What Just Happened? Dems behind fallout.


www.youtube.com/v/exxVZTKq1vA&hl=en&fs=1


Follow the Money: How Fannie Mae Bought the Democrat Party


www.youtube.com/v/9nU3fNh-PRk&hl=en&fs=1


Explosive Audio Unearthed: After the Sub Prime Crisis already started in 2007 Obama says Sub Prime Mortgages that gave houses to people WHO COULDN'T AFFORD THEM was a GOOD IDEA!!


www.youtube.com/v/FewmvkaTXHU&hl=en&fs=1


EVIDENCE FOUND!!! Clinton administration's "BANK AFFIRMATIVE ACTION" They forced banks to make BAD LOANS and ACORN and Obama's tie to all of it!!!


www.youtube.com/v/ivmL-lXNy64&hl=en&fs=1

Posted by: TED at November 17, 2008 9:50 AM

Thanks for the links, TED. Not that facts will have any effects on Obamoonies.

Posted by: V the K at November 17, 2008 10:22 AM

Here, Ted. Read this if you can:

Subprime Suspects
The right blames the credit crisis on poor minority homeowners. This is not merely offensive, but entirely wrong.

Then read this:

Most subprime lenders weren't subject to federal lending law

I know how desperately you want to try and blame democrats, out of power for most of the 90s, for the economic mess but it just won't hold up anywhere but among the dumbest of the population, namely hard-core republicans. See, that's why you LOST EVERYTHING in the last two elections. People HATE republicans for their mismanagement of the economy and the election results support that.

Next time, don't rely on youtube crap to make your point.

Posted by: Dino at November 17, 2008 10:23 AM

Speaking of "worldview", how about a little Democrat/liberal "Worldview"?


A preview into the soul of the party of tolerence and compassion (A small sample)

Trig's Webpage http://downspalin.blogspot.com/

Bristol's Challange http://www.savingbristol.com/page2.html

Abandon Bristol http://freelevi.org/Real_Time_with_Bill_Maher.html

Piper http://newsbusters.org/blogs/mark-finkelstein/2008/09/07/nyt-journalists-wrinkled-their-nose-disgust-pipers-touching-gestur


Gang Raped http://video.google.com/videoplay?docid=-3071040207976525687&hl=en

Palin Disabled http://www.nydailynews.com/news/politics/2008/09/19/2008-09-_charlie_rangel_on_hot_seat_for_labeling_.html

Palin family incest http://worldnetdaily.com/index.php?fa=PAGE.view&pageId=75852

CBC Attack http://www.heathermallick.ca/cbc.ca-columns/a-mighty-wind-blows-through-republican-convention.html


Hangs Sarah Palin http://cbs2.com/local/Sarah.Palin.mannequin.2.849299.html


Gives Addresses http://www.moonbattery.com/archives/2008/10/progressive_pap.html


T-Shirts http://rightvoices.com/2008/09/15/the-party-with-the-big-tent-retarded-republican-babies-for-palin-08-baby-t-shirt/

Memorial Post http://www.moonbattery.com/archives/2008/09/daily_kos_comme.html

Sarahcuda Fantasy http://www.huffingtonpost.com/michael-seitzman/sarah-palin-naked_b_125861.html

McCain Pics http://www.nypost.com/seven/09142008/news/politics/mac_hater_has_a_lousy_image_129007.htm

Girl Scouts http://www.moonbattery.com/archives/2008/09/girl_scouts_lea.html

Cub Scouts http://www.powerlineblog.com/archives/2008/09/021387.php

Flags Trashed http://www.audacityofhypocrisy.com/2008/08/29/obama-convention-threw-us-flag-into-trash/
http://elections.foxnews.com/2008/09/06/mccain-camp-to-chastise-dems-for-discarding-american-flags/


Religious Tolerence http://www.lionsgate.com/religulous/

PDS in Action http://newsbusters.org/blogs/brent-baker/2008/09/20/pds-action-sullivans-vitriolic-explosive-s-t-fit-too-much-maher

Palin Isn't a Woman http://www.moonbattery.com/archives/2008/09/feminazi_sarah.html

McCains Cancer http://newsmax.com/insidecover/campaign_ad/2008/09/25/134506.html

Kill The Plumber http://rightwingnews.com/mt331/2008/11/liberal_talk_show_host_karel_c.php

75 YO Man attacked http://www.local6.com/politics/17858108/detail.html

Obama on Seances http://www.youtube.com/watch?v=59XB68F54kA


WONDERFUL PEOPLE!!

Posted by: TED at November 17, 2008 10:24 AM

I'm convinced. There's something deeply and intrinsically wrong with you people. Perhaps it's a missing gene or a mutation of a gene.

Posted by: Dino at November 17, 2008 10:25 AM

Ted, conservatives don't deserve anything more than a cockroach deserves. For what they've done to the country they're lucky to not be in concentration camps.

Posted by: Dino at November 17, 2008 10:27 AM

"Youtube crap" - you mean TRUTH - can't take it can you libby....8-(

Posted by: TED at November 17, 2008 10:27 AM

Well we see what happens when they lose - personal attacks. More of that "Worldview" huh libby!

Posted by: TED at November 17, 2008 10:29 AM

Ted buddy,

You can't be serious in decrying personal attacks. It's what constitutes most of your ideology's content! Were you asleep during the campaign by McCain and his white trash princess? They were the ones committing the bulk of the personal attacks.

And what do you mean by "when they lose"? You're the ones who LOST and lost BIG. We still have 4 years of President Obama and his democratically-controlled Congress to enjoy and during a severe downturn no less! That means that democrats will have the freedom to make all sorts of socialist policies and reverse the last 30 years of free market policies.

The grief must be making you crazy.

Posted by: Dino at November 17, 2008 11:06 AM

Surprise!...Yes indeed there are corrupt Democtats too. Who ever said there wasn't? In fact, if you have a culture like we have in america where to so many, Greed is Good and the rich are heros, no matter what they did to get that way... what do you expect? I think it's time we set a maximum yearly wage, including bonuses... how about 5 million? There's really something wrong with something who thinks they are worth more than that. Self employed are exempt, but get those taxes back up to 1950's levels ....you know the "Happy Days" ...bring back the good ole days! Lets go to the HOP!

There's enough blame to go around, you Nation of Whiners...! just google Phil Gramm

Somehow I just don't think the people of moonbatteryville will ever be happy, no matter how much you have and how much you "Have it your way, have it your way at Burg..." 5, 10, 15 years ago "conservatives" were whining just as much, if my memory serves me, about one thing or another. Maybe it was bitching... hard to tell sometimes

Posted by: fezdoG at November 17, 2008 11:09 AM

The reason one doesn't wrestle with pigs in the mud is that one quickly realizes how much the pigs love it. Dino, makes a wonderful foil for getting points across. He is the example (practically the distilled essence of the purity of liberal thought) from which we need to work and that is a good reason to have him on the board. However, there really is no reason to wrestle with him.

Posted by: SnowSnake at November 17, 2008 11:20 AM

Little Dino is a crybaby. Boo hoo little lintard. LOL. My 5 year old is more of a man than this know-nothing moron.

Posted by: leftwingsmasher at November 17, 2008 11:33 AM

What seems scary about all this is that apparently the left isn't even interested in fixing the economy.

If they can't even face up to the facts of what caused the mess we're in, why should they be trusted to fix it? Of COURSE they're not going to admit their guilt. Because they don't care.

Posted by: NudeGayWhalesForJesus at November 17, 2008 11:36 AM

Oh, we're interested in fixing the economy but you won't like how we do it. And we're going to blame conservatism the whole time.

Speaking of denial and not facing up to what took us here, I've yet to see a repentant conservative EVER much less in taking blame for what caused this mess. They keep chasing that "Fannie-Freddie pot of gold under the rainbow" that they think will deflect blame onto poor people once again. Worked pretty well in the 90s, didn'[t it?

Don't expect the same success, brainstems. Like the boy who cried wolf, the people see through your little obsfucation and lies. That's why you LOST so much in the past 4 years and will continue to lose until you change your ways.

Posted by: Dino at November 17, 2008 11:53 AM

You hate us so much, Dino, yet you keep making sneering comments. Why is that? It's obviously not because you care about anything we believe; we're merely props to you. There's no chance anyone here could convince you of anything.

So why should we bother replying to your sneering, bile-filled comments?

Posted by: Evil Otto at November 17, 2008 12:09 PM

Will you please show me a video, newspaper report, or any other evidence of a Democrat calling on Congress to take measures to avert the housing collapse? Pretty please?

Posted by: Harris at November 17, 2008 12:12 PM

I am a conservative, but I am dissapointed in the republican party. Pawlenty is right, and I hope they do not pick Sarah Palin in 2012... we will lose and badly!!! We NEED to understand the country shifting demo, yet we allienate them with the likes of Rush. Why does Rush have a say in how our party goes? We need to become to party of success for EVERYONE and start using HOPE instead of FEARS once again. The free market is excellent... it offers better solution than the government anyday. It is time for us to present FREE MARKET alternatives, because they are better than government ones, as we see, government messes up everything. We need to become the party of success for EVERYONE. We need to be able to explain kitchen table issues FLUENTLY!!!

Hispanics are naturally conservative, and could have been a part of our future, and look what those right wing bigots like Rush did? ALIENATE THEM. GET RUSH OUT OF OUR PARTY. I am scared for our party's future.

Posted by: Vinegar at November 17, 2008 12:21 PM

Like I said, they have no desire to fix the economy. Step one would be to admit the problem, and they'll never make it that far.

There is so much incontrovertible evidence detailing every step of the housing and credit crisis, yet no democrat can give ANY evidence of them trying to do ANYthing to fix it.

Instead, we have tons of evidence of them thwarting any and every attempt by Republicans to fix it.

Remember, the goal of liberals is and always has been to gain and maintain power. To achieve that they will lie, they will cheat, they will do whatever it takes. Morality is a conservative "crutch", meaning that we are burdened by our desire to be moral and honest. Liberal Democrats don't have that burden.

Posted by: NudeGayWhalesForJesus at November 17, 2008 12:52 PM

Vinegars a "concerned life-long" Republican folks, take note.

Posted by: xantl at November 17, 2008 1:01 PM

Dear Vinegar,

What you're asking is that the republicans start becoming democrats. Won't happen. The success of conservatism is dependent on the exploitation of the worst instincts in humans- greed, selfishness and fear.

And there is no incontrovertible evidence that democrats did nothing to prevent this crisis but there's plenty that shows conservatives CAUSED IT. You people crowed about having total control and kept the democrats in the basement not allowing them a voice in crafting policy. Now you want to blame them? If things were going great now you would have no problem grabbing the credit. See, the burden of having total control is accepting responsibility when things go wrong.

Here's two items that contributed heavily to the crisis that are directly tied to republican-created policy: the repeal of the over-55 rule (made house flipping very lucrative) and the repeal of Glass-Stegall (tore down the firewall between the banks and Wall Street allowing the risks to shift from the bank to Wall Street investors spurring riskier loan-making). We can add a third, the republican zeal for deregulation.

Such vile people you are to try and weasel out of taking your blame and punishment, and instead blame the low income borrowers. You're despicable.

Too bad the public, at least the 53% with a brain, saw through your lies and turned you out of office. The people now know who the culprits are. Expect the hatred focused on you to grow in the coming months.

Posted by: Dino at November 17, 2008 1:13 PM

More proof that republicans are to blame for the failure to regulate Fannie & Freddie. From a republican no less:

Oxley hits back at ideologues

In the aftermath of the US Treasury’s decision to seize control of Fannie Mae and Freddie Mac, critics have hit at lax oversight of the mortgage companies.

The dominant theme has been that Congress let the two government-sponsored enterprises morph into a creature that eventually threatened the US financial system. Mike Oxley will have none of it.

Instead, the Ohio Republican who headed the House financial services committee until his retirement after mid-term elections last year, blames the mess on ideologues within the White House as well as Alan Greenspan, former chairman of the Federal Reserve.

The critics have forgotten that the House passed a GSE reform bill in 2005 that could well have prevented the current crisis, says Mr Oxley, now vice-chairman of Nasdaq.

He fumes about the criticism of his House colleagues. “All the handwringing and bedwetting is going on without remembering how the House stepped up on this,” he says. “What did we get from the White House? We got a one-finger salute.”

Read it and weep, brainstems. I'll be waiting for your apologies.

Posted by: Dino at November 17, 2008 1:33 PM

Vinegar: What total nonsense. You are neither a Republican or a Conservatives. You either are a liar or in the wrong party. If you actually believe what you are saying then please go join the Democrats. We really do not need people like you in the GOP. Nor do we need the "Third Way" BS you appear to be pushing.

The party you are desire is a center left much like the "christain democrat" parties in Europe: A PARTY OF RINOS. This is a sure road to failure, tyranny and ruination.

Palin is one of the solutions, not the problem. Your opinion here just defies any clear understanding happened in the last election. But for her it would have been a popular landslide against McCain. What a bizaare opinion. It is the opinion of a snob and a sexist (and a democrat, but I repeat myself).
Same goes for your strange opinion about Rush. It curious that you pick out these two people that are extremely successful in gathering people on the Right. You are another astroturfer, I'd bet. Nobody on the Right cares what you have to say. Get use to it.

The country will get a bellyful of the Democrats in the next two years. We have at least one generation of voters that have never experienced what idiots, villains and knaves the Democrats really are. They will learn soon enough.

Obama is a one-termer (and a poseur). The Dems will just barely keep the senate, but we will take back the house, and with real Conservatives this time around.

And Hispanics (read Mexicans) are not "naturally conservative". They come from a poitical tradition with an almost unbroken century of one party, center left (or worse), corrupt and oligarchical government rule. The vast majority of the illegals are not here to follow the great legacy of our traditions and history; they are here purely to make money. How are they even to learn those traditions when they are no longer taught in schools? They will not learn them from Obama. This fraud has earned nothing in life at all -- certainly not the privileged of "ruling" us. But they voted for him. Why would they do that if they were conservative? If they are conservatives why do so many ofthem disobey the law?
This notion that they are conservatives in the American political sense is just poppycock. What they are is Roman Catholics, which is hardly the same thing. People that think otherwise are woefully ignorant of the political history of Latin America.

But you wait, the Dems will create 40 million new Hispanic voters and they will vote Democrat. White people are being pushed into a minority position in the nation and civilization they conceived and created. When they wise up, the Left is in BIG trouble and those problems will not justbe political.

This a war for our civilization, not a popularity contest. Turning ourselves into Democrats do not accomplish anything but (maybe) get us elected.
Communism-lite will not save the Republic.
The country must throw off the Left and all they represent. It is the principles of our nation and civilization that we must uphold and fight for. The Democrats abandoned these long ago. So have you evidently.

We must stand by those principles.

Posted by: Water at November 17, 2008 1:44 PM

Dear Dino,

Out of the millions that the Obamas made over the years they only give a paltry 1% to charity. Selfishness? Greed? Naawwwww not them. As far as I am concerned good sir, I give a lot more than 1% to charity and always seem to have a fist full of nickels, dimes and quarters when it comes to the salvation army when they are stationed outside of stores ringing bells for anything anyone is willing to spare and good sir, I don't make millions, I only make in the mid to low tens of thousands. How much more should I give considering I don't make nearly as much as the Obamas do?

Now talking down your nose about selfishness you have more than likely never given to charity out of altruism it more than likely has been done out of what makes you look good. More than likely you don't even give 1%.

Posted by: bwahahahahah` at November 17, 2008 1:54 PM

Thanks, Water. We love you diehard conservatives who, in the face of a very recent stinging, punishing defeat, still preach the gospel of holding tight to the principles that led to your downfall.

As for you dire predictions of the future under democrat rule: We have nowhere to go but up. Thanks to the miserable job republicans did in running the country, our success is guaranteed. Without much effort I might add. Plus, we get to blame you people for YEARS since the people associate your reign with FAILURE.

Might want to get that crystal ball fixed. Oh, and brush up on your history. The people are generally happier and do MUCH better when democrats run the country. It's not until they get fat and too happy that the republican message of selfishness and greed gets to them. The democrats are simply victims of theier own success. They create a society where people become more prosperous and begin voting their greed, forgetting it was the liberal policies that made their affluence possible.

Posted by: Dino at November 17, 2008 2:00 PM

I see you are STILL trying to push your "Cut and Pasted" KOS Bull$it deeny weeny but it just won't fly. You dumb bastards orchestrated this whole fiasco just in time for the election. And as usual every time you retards screw something up now you don't know how to fix it! These ARE the FACTS below (I know how you a$$holes hate them) right from the Dems pie hole.


To ANGER a conservative tell him a lie - To ANGER a liberal tell him the TRUTH! :-))


THE TRUTH SHALL SET YOU FREE (and pi$$ of lefty retards)>


DEMOCRATS CONNECTION WITH FANNY MAY ETC.


www.youtube.com/v/usvG-s_Ssb0&hl=en&fs=1


Burning Down The House: What Caused Our Economic Crisis?


www.youtube.com/v/NU6fuFrdCJY&hl=en&fs=1


Democrats in their own words Covering up the Fannie Mae


www.youtube.com/v/_MGT_cSi7Rs&hl=en&fs=1


What Just Happened? Dems behind fallout.


www.youtube.com/v/exxVZTKq1vA&hl=en&fs=1


Follow the Money: How Fannie Mae Bought the Democrat Party


www.youtube.com/v/9nU3fNh-PRk&hl=en&fs=1


Explosive Audio Unearthed: After the Sub Prime Crisis already started in 2007 Obama says Sub Prime Mortgages that gave houses to people WHO COULDN'T AFFORD THEM was a GOOD IDEA!!


www.youtube.com/v/FewmvkaTXHU&hl=en&fs=1


EVIDENCE FOUND!!! Clinton administration's "BANK AFFIRMATIVE ACTION" They forced banks to make BAD LOANS and ACORN and Obama's tie to all of it!!!


www.youtube.com/v/ivmL-lXNy64&hl=en&fs=1

Posted by: TED at November 17, 2008 2:02 PM

Even 1% given to charity is more of a percentage than what 99% of conservatives give in their entire lives.

Giving to self-serving religious groups such as one's church is not real charity, by the way.

I can cite data showing that both religious cons and libs give about the same to charity. The same data shows secular conservatives as giving the very least. No surprise there.

Posted by: Dino at November 17, 2008 2:04 PM

You really need to get your "WORLDVIEW" other places besides MTV and the Comedy Channel deeny retard.

Posted by: TED at November 17, 2008 2:04 PM

The only DATA you can site is crap right off KOS or Moron.org, try gettind some TRUTH for a change. Conservatives give much more to charity then the left ever thought of.

Posted by: TED at November 17, 2008 2:07 PM

Do you people post youtube videos because, as I suspect, you can't read and comprehend?

I posted legitimate news sources that completely refute the republican party line about Fannie & Freddie. That's why it didn't work for McCain when he tried to use it.

Sometimes repeating the same lies over and over DOESN'T become the truth. Too bad. That was one of the conservative tactics that used to work.

Posted by: Dino at November 17, 2008 2:07 PM

Now again, think about what you post. Do you honestly believe that conservatives are generous? We're talking about people so greedy they'd eat their MOTHERS if they thought they'd shit money. People who will crawl from their deathbeds to vote against helping others. Who would shit on their excess food rather than share it.

Posted by: Dino at November 17, 2008 2:10 PM

28 of the 29 "most generous" states are Red States that voted for President Bush (including all 25 of the "most generous" states), while 17 of the 21 "least generous" states are Blue States that voted for Senator Kerry (including all 7 of the "least generous" states): http://taxprof.typepad.com/taxprof_blog/...


The only money leftists ever give are OTHER PEOPLES.

Posted by: TED at November 17, 2008 2:11 PM

Those Video's just scare you to death don't they dino drumba$$ - TRUTH - hurts dosen't it!

Posted by: TED at November 17, 2008 2:12 PM

Anyone notice how the more lefties are get their ass kicked the fouler they are...?

Posted by: TED at November 17, 2008 2:16 PM

I am still waiting for someone, anyone, to reply to my question from over 2 hours ago. In case you overlooked it:

Will you please show me a video, newspaper report, or any other evidence of a Democrat calling on Congress to take measures to avert the housing collapse? Pretty please?

That's all I want. I have seen blame thrown around in retrospect, name-calling (which I assure you would not happen face-to-face), and off-topic posts, but no response to my question. This thread focuses on the video evidence (which is quite difficult to refute, however caustically you try and spin it)of several members of only one (1) party calling for action on this matter in time to avoid our current situation.

You could easily crush my puny position by simply finding one (1) damning video, newspaper report, or other confirmation that any Democrat tried to warn of the impending danger like the Republicans in the video did.

Pretty please?

Posted by: Harris at November 17, 2008 2:28 PM

Oh my. Someone is having a break with reality.

An ass-kicking is like on November 4th when republicans were relegated to the status of regional southern party for ignorant white trash.

Generous conservatives? You're more likely to encounter a herd of unicorns......

Posted by: Dino at November 17, 2008 2:29 PM

Harris, don't hold your breath. Dino just comes here to mentally jerk off; there's no reason for you to give him the lube.

Posted by: hiram at November 17, 2008 3:02 PM

Well, it's been over half an hour since I reposted my question, and more than three since my original post. If you cannot answer, I understand.

You may be having difficulty comprehending my query. Would you like me to make it easier? (I know you can't find the evidence I was asking for; it doesn't exist.)

The United States Congress is currently and overwhelmingly composed of two(2) parties. Of these two(2) parties, only members of one(1) tried to alert their colleagues to the likelihood of a housing market crisis. What party did they belong to?*

*Hint: It begins with an R. You can also watch the video featured above in the opening of this thread if you are unsure.

Posted by: Harris at November 17, 2008 3:13 PM

There's plenty of liberals, particularly economists that warned of the impending housing collapse.

That Hissing Sound

Then there were other warnings given by democrats, ignored of course. Here's one:

Democrats warn that U.S. debt could trigger crisis

And that's just from a few minutes of searching. I can find more if I have to.

It's disingenuous to blame democrats for nothing being to done to head off the collapse. Here's a clue: DEMOCRATS DIDN'T CONTROL ANY BRANCH OF GOVERNMENT WHILE THE BUBBLE WAS BUILDING. It wasn't democratic policy that set the conditions for the bubble to grow. Republicans controlled the whole show. It was their responsibility to do something. With power comes responsibility but republicans only want the credit when things go well which they seldom do when republicans rule. Republicans passed tons of legislation without democratic support. Why couldn't they pass any controls on the housing bubble? BECAUSE THEY DIDN'T TRY. DOn't forget too, that Greenspan is a free market cultist REPUBLICAN.

On a personal note, when myself or those like me were warning of the coming housing collapse we were called "bitter renters" suffering "sour grapes". I actually had a co-worker tell me that. You people loved to call others "losers" when they warned that the greed-culture was going to collapse.

Keep trying to weasel out from under the weight of having caused the next Great Depression. The majority know who to blame as evidenced by your trouncing on Nov. 4th.

But you keep trying. There's still a lot of you brainstems blaming Roosevelt for the last Depression! LOL, I gotta hand it to you people, your determination is only surpassed by your ignorance of the facts.

Posted by: Dino at November 17, 2008 3:23 PM

Harris thinks he's got a live one. Sort of like Whitewater, Monica, Bill Ayers or Rev. Wright. How'd those work out for you?

Republicans controlled the show, set the agenda and made the policies. The responsibility to act was theirs.

That's why the people took your ball away and made you go stand in the corner. You'll be there for DECADES.

Posted by: Dino at November 17, 2008 3:26 PM

"Republicans controlled the show..."

Hey Dens-o; defend Detroit, fool.

Posted by: Jimbo at November 17, 2008 3:33 PM

Change, Drool, Change, Drool, Change, Drool, Change.

Posted by: bwahahahahah` at November 17, 2008 3:35 PM

Your links don't work, genius.

So, the video (still quite irrefutable) shows several Republicans calling for further oversight over Fannie Mae and Freddie Mac and that action be taken while the Democrats reject the idea, and somehow we are supposed to swallow the notion that your party was the one that attempted to avoid this mess? Is that it?

Posted by: Harris at November 17, 2008 3:40 PM

DinoDilDo- Is Sirky Plugs Biden the Dem poster boy for charitable giving? That's a cheap bastard!

Posted by: Bryherb at November 17, 2008 3:44 PM

Change, drool, change, drool, change, droll, change, drool, change.

Posted by: bwahahahahah` at November 17, 2008 3:59 PM

Still trying to deflect blame? But I thought you controlled it all?

http://www.nytimes.com/2005/08/08/opinion/08krugman.html?_r=1&oref=slogin

http://www.gata.org/node/4480

See if you can read those.

Then try this one:

http://www.newsweek.com/id/164732

The last one shows that the republicans killed their own party's efforts to rein in Freddie and Fannie.

But really brainstems, F&F were symptoms of the problem, not the cause. That's pretty much the accepted version except among the most braindead of the brainstems who still want to believe that poor people caused our problems. That old trick worked so well in the 90s, why not now?

Brainstems, up a creek without any power. (forgive the mixed metaphor, I thought it was funny. Like republicans trying to blame other people for their massive failure!)

Posted by: Dino at November 17, 2008 4:00 PM

Here, read about how one of your own talks about what he tried to do with F&F (though they STILL aren't the cause of the crisis):

http://www.ft.com/cms/s/0/8780c35e-7e91-11dd-b1af-000077b07658.html?nclick_check=1

Posted by: Dino at November 17, 2008 4:02 PM

So, you have a Newsweek article on how some of the Republicans were bribed into opposing the bill, another from the notoriously left-leaning UK, an opinion piece from Krugman of the NYT, and a Reuters article that forgets the importance of Mutually Assured Destruction.

Newsweek: Republicans were bribed to kill the bill; Democrats needed no bribing. They were opposed to it in the first place. Sorry.

Financial Times: Jeez, do I even have to comment on a UK piece? I've been here two months and I wonder how British journalists can breathe with Obama tea-bagging them all the time. I know how they paraphrase and mislead, so try again.

Reuters: Sure, China and other countries could ruin us with a run on our banks, but what would a collapse in the U.S. economy do? Pick up the daily news and look...it's hurting other parts of the world worse than the U.S. I know the Brits are pretty upset. It is a truly global market.

Krugman: He accurately described the bubble and noted that something should be done to prevent it's burst. What to do? Maybe put a little more oversight on Fannie and Freddie? These two behemoths were designed to provide stability, although they didn't function in the way they should. Rather than help control the market as a stabilizer, they were seen as a deep-pocketed insurance policy. Everyone knew they were too big to fail and a bailout would come along just in time if anything were to happen...

By the way, I am quite curious to know your ideal role of government in business. You are against the free market, so I can only wonder what your inspired solutions would entail.

Posted by: Harris at November 17, 2008 4:42 PM

I think this vid should be intercut with footage of the ACORN activists protesting in front of the offices of mortgage lenders.

Posted by: Jaeson at November 17, 2008 7:58 PM

Ahhhhhhhhhhhhhhhhhhh, got to love the debate.

But there is no debate that in CA, Prop 8 won and won because DEMOCRATS voted for it. Blacks, Hispanics and White Liberal Tools.

Tell that to all of your friends. The Democrats took away Gay dreams.

Democrats = too many petty agendas to enact real legisation. 8% Policy agrees.

Posted by: Oiao at November 17, 2008 8:21 PM

Here's something on the current financial mess. This is from an article titled Alan Greenspan vs Ayn Rand and Freedom:

http://www.capmag.com/article.asp?ID=5353

The lesson people have drawn from Greenspan's failure is exactly backwards. Greenspan, "the maestro," and his dream-team staff, couldn't figure out how to run the economy. It was the Fed's expansion of the money supply (1% interest rates!) that created the bubbles. So interventionism has failed, as it always does. Can anyone seriously say, "an even smarter version of Greenspan will get it right next time"?

The article says self-regulation is now dead. Okay, what's the alternative? Regulation by the state--i.e., by new Greenspans? Forbes, above all publications, should be clear that the alternative to self-regulation is state dictation, the command economy.

Deregulation? There were 51,000 NEW regulations added over the last 12 years. Banking, housing, and insurance are the most regulated areas of the economy. They are strangled by regulations. This is the failure of the regulatory state.

As to Greenspan, this is the penalty of betraying Ayn Rand's philosophy. To paraphrase Lloyd Bentsen's famous riposte: Dr. Greenspan, I knew Ayn Rand, and you're no Objectivist.

No matter how the Left tries to spin it, this is a problem caused by COLLECTIVIST ideology. More of the same -as our troll Dino demands, will really screw things up.

Posted by: Kevin R at November 17, 2008 8:31 PM

"Tell that to all of your friends. The Democrats took away Gay dreams."
Oiao at November 17, 2008 8:21 PM

Oooooooo - good one.

He-he-he-he-he. Silly liberals would rather blame Mormons. Mormon population in CA is what? About 500 thou? Democrat population about 25 mil?

He-he-he-he-he. Silly liberals - protest yourselves, dipshits! Spit on yourselves - beat yourselves over the head - loot your own businesses - key your own cars - hold huge rallies chanting silly slogans about yourselves. Hold candlelight vigils in you own yards.

And you wonder why you're known as dino-dipshits.

Posted by: Jimbo at November 17, 2008 8:51 PM

Does Dino ever get away from the computer?

His parents must be pretty frustrated, seeing him on the computer in the basement all of the time.

Posted by: Panday at November 17, 2008 9:14 PM

Pretty arrogant posturing from the members of a political party that was soundly REJECTED two weeks ago. A political party lost in the wilderness, fraying at the edges, no, make that a political party ON FIRE. You have the fratboy republicans blaming Sarah and the xtians, you have Huckabee dissing MormonBoy Romney and ANYONE WITH A BRAIN is jumping from the National Review's sinking ship of fools.

Then there's the continued fallout from the economic meltdown that has "PROPERTY OF THE GOP" stamped ALL OVER IT. You better hope Obama isn't as charismatic as he was during the election. He could command the masses to put your leaders in work camps if things get really ugly.

A lot of you stupid brainstems are going to WISH you had the shelter of a mother's basement when you lose your jobs thanks to the misguided policies and neglectful "leadership" of the republican party.

PS. The boycotts against Mormons and Utah is already having an effect. And Focus on the Fascists just laid off 202 people, more than ever! LOL, I hope those xtian idiots STARVE! You know the republicans won't help them!

Posted by: Dino at November 17, 2008 10:54 PM

Dino must be Gay.

The fact is that a bunch of Affirmative Action, first time in their ACORN gathered lives they voted, uneducated Dummycratic Minorities voted for Obama and still told the Gay community to stick it, well, um, you know.

Dino is too dumb to realize that the Mormon Church was only one part of the vast DEMOCRATIC VOTER block that beat Prop 8 in CA.

Way to go Dummycrats. Can't even get the Party Line straight (no pun intended) at the polls.

Goes to prove that every uninformed bigot vote is Dummycratic.

Posted by: Oiao at November 17, 2008 11:01 PM

Dino is just here TRYING to keep the LIE alive...


To ANGER a Conservative tell him a lie, To ANGER a liberal tell him the TRUTH.


DEMOCRATS CONNECTION WITH FANNY MAY ETC.


www.youtube.com/v/usvG-s_Ssb0&hl=en&fs=1


Burning Down The House: What Caused Our Economic Crisis?


www.youtube.com/v/NU6fuFrdCJY&hl=en&fs=1


Democrats in their own words Covering up the Fannie Mae


www.youtube.com/v/_MGT_cSi7Rs&hl=en&fs=1


What Just Happened? Dems behind fallout.


www.youtube.com/v/exxVZTKq1vA&hl=en&fs=1


Follow the Money: How Fannie Mae Bought the Democrat Party


www.youtube.com/v/9nU3fNh-PRk&hl=en&fs=1


Explosive Audio Unearthed: After the Sub Prime Crisis already started in 2007 Obama says Sub Prime Mortgages that gave houses to people WHO COULDN'T AFFORD THEM was a GOOD IDEA!!


www.youtube.com/v/FewmvkaTXHU&hl=en&fs=1


EVIDENCE FOUND!!! Clinton administration's "BANK AFFIRMATIVE ACTION" They forced banks to make BAD LOANS and ACORN and Obama's tie to all of it!!!


www.youtube.com/v/ivmL-lXNy64&hl=en&fs=1


His comeback for this (words right out of the Dems mouths) is "Cut and Pasted" clips form Chairman "O's" grand and glorious (non-biased LOL) Media. What a fool!

Posted by: TED at November 18, 2008 12:42 AM

Dino also keeps saying the Republicans were in control - who is this Nancy Pelosi (San Fran Nan) I keep hearing about then? The one with the historical 9% approval rating.(proof of how well dems run anything) The one with Harry Reid that blocks any and every headway the Reps try to make.


Also, Someone please tell him a 6% spread in a presidential election is NOT an a$$ kicking, especially when ACORN accounted for 20% of it with "Jive Turkey, Mickey Mouse and Santa Claus" voters. After ALL Chairman "O's" sheeple and Soros poured millions into his campaign and EVERYTHING laid at his feet the BEST he could muster was 6% ROTFLMAO!! PITIFUL!

Posted by: TED at November 18, 2008 12:56 AM

Obama Advisor - Lobbyist Who Undermined Fannie Oversight


Another day, another report of a Obama transition team member who just happens to have played a big part in the Fannie/Freddie fiasco:


One of Obama’s top transition team members, Thomas Donilon, oversaw an aggressive, backdoor lobbying campaign by mortgage giant Fannie Mae to undermine the credibility of a probe into the firm’s accounting irregularities, according to a 2006 government report on the company.


The effort — which reportedly included attacks on the funding for the oversight agency, the Office of Federal Housing Enterprise Oversight, and an attempt to launch a separate investigation into OFHEO itself — was ultimately unsuccessful, and regulators eventually discovered top Fannie Mae executives had been manipulating the company’s financial reporting to maximize their bonuses.

Obama transition advisor and ex-Fannie Mae executive Donilon has not been accused of participating in the accounting irregularities. But he did oversee its lobbying, and helped paint a rosy picture of Fannie’s financial health to the company’s board, OFHEO investigators concluded, a picture that was ultimately proven false.


Donilon declined to comment for this article.


President-elect Obama has pledged to change the culture of coziness between officials, lobbyists and lawmakers in Washington. But the role of Donilon in the Fannie Mae scandal raises questions about just how much of a break the Obama administration will be from business as usual inside the Beltway.


How much of a break from business as usual? Absolutely none. It was all talk, and the masses brought it hook, line and sinker for the most part because the media never did it’s job in vetting this Socialist.


Quite curious how the MSM has finally decided to do some digging isn’t it? They even asked the Obama team about this lobbyist and their answer will remind you of the Jim Johnson story. Basically saying the guy is a volunteer….what are they supposed to do with a volunteer? Recall:


“I am not vetting my VP search committee for their mortgages. …These aren’t folks who are working for me. They’re not people who I have assigned to a particular job in a future administration,”


And today’s excuse:


“Mr. Donilon is volunteering his time and more than 30 years of accomplishment to help prepare the State Department for an efficient transition to the President-elect, who is taking office at a time of war and when we are confronting a complex and challenging international environment. Mr. Donilon’s experience in foreign affairs as Assistant Secretary of State and Chief of Staff at the State Department is critical to this review process.”


Anyone get the feeling that this is like a puppet in which the string pullers are now calling in all their markers for the job they did for him?

Posted by: TED at November 18, 2008 2:24 AM

Here's the New York Times, predicting the collapse of Fannie Mae, and subsequent bailout in 1999:
http://query.nytimes.com/gst/fullpage.html?res=9c0DE7DB153EF933A0575AC0A96F958260&sec=&spon=&pagewanted=all
Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.
...
''Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements,'' said Franklin D. Raines, Fannie Mae's chairman and chief executive officer. ''Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.''
...
In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's.

Clinton, was he a Republican?

Posted by: xantl at November 18, 2008 7:23 AM

...said Franklin D. Raines, Fannie Mae's chairman and chief executive officer.

On 16 July 2008 The Washington Post reported that Franklin Raines had "taken calls from Barack Obama's presidential campaign seeking his advice on mortgage and housing policy matters.

Crisis averted! Obama's got advice from the guy who helped re-arrange deckchairs on the titanic.

Posted by: xantl at November 18, 2008 7:28 AM

http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B63
Published: September 11, 2003

The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.
...
''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
Representative Melvin L. Watt, Democrat of North Carolina, agreed.

LOLOLOLOLOL! THEY'RE NOT FACING ANY KIND OF FINANCIAL CRISIS! MUST BE REPUBLICAN FEAR-MONGERING AGAIN, RIGHT BARNEY? LOL

Posted by: xantl at November 18, 2008 7:33 AM

Once again for the slowe brainstems:

Fannie & Freddie were symptoms, not the cause. But you keep beating that drum. It did McCain as much good as Bill Ayers did. It will do the same for you!

Hey, maybe you can get Janet Reno to appoint a special prosecutor to hogtie Obama for 8 years investigating his role in Freddie & Fannie and in the process you can find a woman Obama let blow him then you can ask him about it and when he lies about it you can inmpeach him!

Think that will work again?

There's something seriously wrong with you people. You're bitter, angry, sore loser, losers. So driven by greed and your child-like fantasies of a life without taxes (but with all the perks they buy), you've lost your minds. You're simply to worst people on the planet. The most greedy, selfish, ignorant savages that have ever existed.

Posted by: Dino at November 18, 2008 7:33 AM

There's something seriously wrong with you people. You're bitter, angry, sore loser, losers. So driven by greed and your child-like fantasies of a life without taxes (but with all the perks they buy), you've lost your minds. You're simply to worst people on the planet. The most greedy, selfish, ignorant savages that have ever existed.

Expressing the tolerance that the left is so infamous for I see.

Posted by: Jaeson at November 18, 2008 7:49 AM

Prove they were the symptom.
Show how lowering down-payments, and loosening restrictions on low-income people into getting zero-interest ARM mortgages had no affect. Please also explain how bear-stearns was one of the first banks to securitize these loans and was also one of the first to collapse - was it just a symptom.

LAME TROLL IS LAME.

Posted by: xantl at November 18, 2008 7:50 AM

LAME TROLL IS LAME.
~xantl

I've got a theory about troll Dino. Just a theory. There were thousands of people hired before the election to do Democrat Party work. They weren't hired by the Democrat Party. There were other entities created to do this, such as Grassroots Incorporated:

http://www.grassrootscampaigns.com/index.php

Now, there are still a lot of people on payrolls for these entities. What are they doing? It wouldn't be surprising to find out that some, as part of their job, go to websites either to promote the Democratic Party or to demoralize the other side. To the Left politics is war.

Enter one of the ugliest trolls: Dino.

Just a theory.

Posted by: Kevin R at November 18, 2008 11:41 AM

Dino is Gay.

Posted by: Oiao at November 18, 2008 8:03 PM

Wow Oiao, that must invalidate everything. You idiot republican brainstem.

It's almost like you got a scratch on your brain and you play like a broken record. Or a parrot on meth.

Posted by: Dino at November 19, 2008 12:37 AM