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Shady

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Everything posted by Shady

  1. Nice slogan, for someone who finds slogans so troublesome!
  2. Thanks, but I intended to continue on without your permission. If you don't like this thread, stop reading it, and stop posting in it. It's quite simple.
  3. No, it wasn't supported by the Bush Administration. As I've already posted, the Bush Administration sought to make changes back in 2005, and Republicans in Congress proposed changes back in 1997. If by support, you mean championing the idea of home ownership, of course, everyone is in favour of more people owning their own homes. However, you don't rip to threads the economy under the gise of affordable housing to accomplish it. Which is exactly what the Democrats have done. Again, it's the unintended consequences of good intentions. No. The only thing that's annoying you, is the liberal complicity in the current financial problems. In fact, that leads me to post some new information. House Banking Chief Wants Freddie Mac Bond Inquiry The chairman of the House Banking Committee called today for an investigation into the investment practices of Freddie Mac, the Congressional-chartered, shareholder-owned mortgage finance company, saying it had abused the preferential borrowing terms it enjoys through its ties to the Government The New York Times And when was this proposed? 1997! And who proposed this? Representative Jim Leach, Republican of Iowa And who rejected this? The Democrats in Congress.
  4. Or like stating that Jerusalem will remain the capital of Israel and that it must remain undivided, Oops.
  5. Good, then don't tell me or anyone else where not to, and what not to post. If I want to post complete adulation regarding Sarah Palin. I will, and so will others. And if you don't like it, then don't read it, and don't respond. Now run along.
  6. Good for you. If you think it's a complete waste of time, don't do it. However, others may feel differently. That's brilliant. And if McCain was black, there'd be no shortage of comments regarding his race. But he's not black, and Obama's not female. He just talks like he is. That's legitimate. She almost has less experience than Obama. Some of us question his ability to be President too. No, you should hust not choose to read it, or post in it. You're not the arbiter of how people should spend their time. There's already multiple Palin-hating threads. If someone wants to start the opposite, they have every reason to do so.
  7. Yes, but the Republican's didn't block the legislation which recognized the problem. Democrats not only blocked the legislation, but refused to even acknowledge any problem with Mac and Mae. It's quite simple. The blame cannot be spread equally amoung both parties. One party is primarily responsible. And there is no logical and intellectually honest way of debating it. As the saying goes, the science is settled. The Democrats have seriously damaged the American economy due to the unintended consequences of their "good intentions".
  8. Not only that, but John McCain was ahead of the issue, and spoke to the Senate on the seriousness of this problem. From 2005 I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole. I urge my colleagues to support swift action on this GSE reform legislation Link Again, from 2005!.
  9. Nope. Not ridiculous, but totally and completely appropriate. Especially when considering the New York Times link I referenced. The Bush Administration proposed new oversight of Freddie Mac and Fannie Mae 3 YEARS AGO!. But the Dems blocked it, and at the same time championed both institutions, as well as pseudo-affordable housing. "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. ''I don't see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing'' Mr. Watt said
  10. Taser-gate is over. Emails and documents have been release showing gross insubordination on the part of the individual in question.
  11. Well said, and completely right, except in this case, the Government can't afford to let them fail. It would cause too many serious problems. Now, on to more of the Democrat's unintended consquences/corruption. The Real Culprits In This Meltdown The untold story in this whole national crisis is that President Clinton put on steroids the Community Redevelopment Act, a well-intended Carter-era law designed to encourage minority homeownership. And in so doing, he helped create the market for the risky subprime loans that he and Democrats now decry as not only greedy but "predatory." Tough new regulations forced lenders into high-risk areas where they had no choice but to lower lending standardsto make the loans that sound business practices had previously guarded against making. It was either that or face stiff government penalties. And there's more! :angry: As soon as Clinton crony Franklin Delano Raines took the helm in 1999 at Fannie Mae, for example, he used it as his personal piggy bank, looting it for a total of almost $100 million in compensation by the time he left in early 2005 under an ethical cloud. Other Clinton cronies, including Janet Reno aide Jamie Gorelick, padded their pockets to the tune of another $75 million. Raines was accused of overstating earnings and shifting losses so he and other senior executives could earn big bonuses. In the end, Fannie had to pay a record $400 million civil fine for SEC and other violations, while also agreeing as part of a settlement to make changes in its accounting procedures and ways of managing risk. Investor's Business Daily And there's even more! :angry: This is an exerpt from Robert Reich on MSNBC, Clinton's former Labor Secretary: REICH: In the latter years of the Clinton administration -- when I was not there any longer, I should add -- there was an attempt by Alan Greenspan and Bob Rubin and a few others to deregulate financial markets, and they did. They split commercial banking off from investment banking. And many people say, "Well, that was the beginning of the problem," and then, of course, in 2003-2004, Alan Greenspan reduced short-term interest rates to the point where every single bank wanted to lend money. I mean, if you could stand up straight you could get a bank loan because there was so much pressure to get that money out the door. Money was so cheap. So, yes, there is some responsibility on Democrats, some responsibility on Alan Greenspan and the Fed.
  12. Looks as though Russia's having a bit of a problem. Russia halts trading after 17% share price fall Russian shares suffered their steepest one-day fall in more than a decade on Tuesday, losing up to 20 per cent, as a sharp slide in oil prices and difficult money market conditions triggered a rush to sell. The heads of the Russian central bank, the finance ministry and the financial market regulator met on Tuesday night for an emergency discussion on ways to halt the crisis. Earlier, trading had been suspended on both the Micex and RTS stock exchanges Financial Times
  13. I agree. A hybrid system would be best. It's unfortunate that in Canada we aren't allowed access to any private insurance. Which is, why there's been a recent trend in which Canadians are purchasing private insurance in America in case of immediate medical emergencies. The whole 6 month+ waiting lists aren't so cool. Anyways, back to the topic of this thread, Palin 47%, Biden 44% in Make-believe Presidential Match-up Link I guess the interview wasn't too bad.
  14. The epic fail was in your premise. But I thought you'd like that answer.
  15. Yep. It's a classic case of the law of unintended consequences.
  16. Senator Teleprompter, earning his name!!! CNN) — It appears Barack Obama's teleprompter is hitting the campaign trail. The Democratic presidential nominee has never tried to hide the fact he delivers speeches off the device, though normally he doesn't use one at standard campaign rallies and town hall events. But the Illinois senator used a teleprompter at both his Colorado events Monday — making for a particularly peculiar scene in Pueblo, where the prompter was set up in the middle of what is normally a rodeo ring CNN
  17. New Agency Proposed to Oversee Freddie Mac and Fannie Mae The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago. Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry. The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios. The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates. The New York Times And what did the Democrats have to say, you may be asking? ''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, Democratof North Carolina, agreed. ''I don't see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing,'' Mr. Watt said. And they proceeded to block the legislation. All under the "good intentions" of affordable housing. Well, we can all see for ourselves, what the good intentions of Democrats/liberals, have done to the economy. Never forget.
  18. Hmm, sounds like you're kinda swift-boating him there. Actually, I shouldn't use the term swift-boating, because that should be reserved for when your fellow servicemen actually speak truely about your war record. Like in the case of John Kerry. Don't forget about the picture mocking the Iwo Jima flag raising either. Can you believe he had some problems with the veteran vote?
  19. No, people don't have to depend on their employers for health coverage. Although, most do.
  20. To be even more accurate, they broke them many more times after.
  21. At least we're kicking back out the military deserters now. We just need a huge sign hanging at the Ambassador Bridge, "No Refuge For Cowards".
  22. The problem with the uninsured numbers, is that they count illegal immigrants, as well as people who move from one job to another. For instance, if one gets hired for a new job, and there's a small period of time between the old one, and when the new one begins, they get counted in those yearly uninsured numbers.
  23. Don't you love the irony from the complainers about "swift boating", who then try the same tactic against John McCain?
  24. I still don't get where your pseudo-superiority comes from. Or is it just the trolling you enjoy? Not getting enough attention at home?
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