Boy! Is that photo comparible to a baseball signed by the 1927 Yankees. There they are all together, Obama, Harry Reid, Joe Biden, Nancy Pelosi, Maxine Waters (must be some goodies in there for her hubby), Barney Frank and Chris Dodd. There is Obama signing another "historic" Financial Regulation bill written by Frank and Dodd, the two characters who have done more than anyone to screw up the whole banking systen, now with their bill that will regulate and control all those banks and financial institutions that have acted so irresponsibly with everyone's money.
Except Fannie Mae and Freddie Mac. Good job, guys.
There only one missing is Hillary, but she is in exile, currently at a meeting in Hanoi. Is that in North Viet Nam or South Viet Nam? I'll have to check with our geography and history professor, Shirley Jackson Lee.
The other person missing is my old pal Alfred E Newman, who is usually a regular at these gatherings. Rest assured he would be there except I am having to use my wife's laptop.
* Will you settle for Karl Marx?
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ReplyDeleteA classic picture indeed. The arrogance on their faces, especially Obama's, is truly revealing. These people are much worse than children.
.
absurd thought
our Supreme God loves
arrogant politicians
smug faces in photo-ops
after passing bad laws
.
Tactic #1 - Attack the individual and or his presumed or implied (or better yet his imputed) motives.
ReplyDeleteThe fact that these journalists were in a loose effort to hide facts, like the Rev. Wright connection to Obama, was not considered ... only that it was in bad taste to write about the journalists.
It happens that this Ezra Klein addressed a group meeting I attended some months back and said that the "system" was broke and we had to have wholesale change.
Another Leftie tactic ... everything is a crises... there is always some emergency that needs direct government intervention immediately. Only the government can fix it to be sure it never happens again.
Wondering where A.E.N was?
ReplyDeleteAll those libtards in one
room around the king of
flies himself. What a special
moment indeed. What if the roof
had collapsed on them, all at
the same time. Just thinkin'
out loud and dreaming.
I'd prefer what Karl Marx would have done to the banks who brought on the financial crisis, and so would most of the people who are following the Tea Party crowd, motivated by anger at the government bail-out of Wall Street. Break those banks up into pieces too small to ever pose as "too big to fail" again.
ReplyDeleteI'd settle for Glass-Steagall, back in force, in full, and this bill fell short. My senator voted no, because it didn't do enough. Fannie Mae and Freddy Mac are red herrings -- they had to function in a market, and they went willy nilly where the market demanded.
Siarlys,
ReplyDeleteAsk why Fannie and Freddie are not covered in that bill. They are still "too big to fail".
It was Frank who pressured financial institutions to lend out mortgages to people who couldn't afford them. Dodd and Frank are the biggest culprits of all here.
You really need to research the roles that Frank and Dodd have played here for years-back into the 90s. Check out the article I wrote on Maxine Waters husband Sidney Williams. He has profited from Frank's help in the stimulus package.
Gary, your posts are stimulating and intellectually challenging, but I would never review them as a reliable source for the facts of any situation. You are an intelligent man, but given to venting deep-seated rage via ad hominem expostulations lightly sprinkled with plausible assertions of what might have happened. (At least provide a link when you refer to yourself as an authority; you are too verbose to search through with any speed for a vaguely described past post).
ReplyDeleteMany Democrats, not limited to Dodd and Frank, went overboard trying to make credit available to people who simply weren't in a sound position to keep up with a mortgage for fifteen or thirty years, pushing the "American dream" of home ownership. That was poor judgement, albeit made with a good heart and patriotic motives.
However, what really unbalanced Freddy and Fannie was that Mozillo and company (Countrywide Mortgage) told them point blank "We don't need you any more, if you want to stay in this market, you take the toxic loans with the more desirable ones, the way we package them, or we just stop doing business with you." Its been well over a year since I read the article, and I'm not immediately finding it by a simple Google search, since there are thousands of commentaries crowding the lists, but when I find it I'll post a link. I don't expect you to take my word for it, but it certainly is a consideration in my thinking.
Bingo, Siarlys. Mozillo and Countrywide. Remember the "Friends of Angelo"? Dodd was one of them. He got a sweetheart deal on some property from Countrywide.
ReplyDeleteFrank had a paramour in the 1990s named Herb Moses, who was an executive at Fannie in charge of mortgages.
And it was Frank who was threatening to investigate financial institutions for discrimination if they didn't give mortgages to those who couldn't pay them back in the first place.
Yet the strongest medicine we could get out of congress was the bill Dodd and Frank pushed through... I would have preferred the bill Russ Feingold would have pushed through, but I sure wouldn't want to be back where we were without this bill. Most of the fooforaw about Dodd and Frank is coming from people who want to just let the market alone, and we all know where that got us.
ReplyDelete