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  4. actually, who screwed the economy

actually, who screwed the economy

Scheduled Pinned Locked Moved The Back Room
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  • S Sahir Shah

    [Message Deleted]

    M Offline
    M Offline
    MrPlankton
    wrote on last edited by
    #6

    Sahir Shah wrote:

    world jewry , catholic conspiracy

    Do you think? I did'nt know that, but you sure did. You view the world through an intresting set of spectacles. I bet if a black man or china man walked into the room, you would be the first to notice, can't fool you.

    MrPlankton

    Multicultural Diversity Training, the new Socialist Reeducation Camp-light.

    S 1 Reply Last reply
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    • O oilFactotum

      Impressive - it's everybody's fault except those that had all the money and lost it!

      MrPlankton wrote:

      Barney and Dodd in the stockade, or worse.

      Get real. Republicans have been in power for the last 8 years - That's where the lions share of political responsibility lies.

      M Offline
      M Offline
      MrPlankton
      wrote on last edited by
      #7

      Congress controls the budget, Barney Frank and Chris Dodd had oversight of Fannie May and Freddie Mac...

      MrPlankton

      Multicultural Diversity Training, the new Socialist Reeducation Camp-light.

      O 1 Reply Last reply
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      • O oilFactotum

        Impressive - it's everybody's fault except those that had all the money and lost it!

        MrPlankton wrote:

        Barney and Dodd in the stockade, or worse.

        Get real. Republicans have been in power for the last 8 years - That's where the lions share of political responsibility lies.

        M Offline
        M Offline
        Mike Gaskey
        wrote on last edited by
        #8

        Barney Frank and Chris Dodd, Democrats fully responsible for the mortgage melt down. Chris Cox, Republican responsible for not exercising his responsibilities for SEC oversight - minimally, mortgage backed securities and Bernie Madoff (whose ponzi scheme was brought to Cox's attention years ago and he chose not to dig in).

        Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.

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        • S Sahir Shah

          [Message Deleted]

          M Offline
          M Offline
          Mike Gaskey
          wrote on last edited by
          #9

          Sahir Shah wrote:

          Ah! it's a world jewry , catholic conspiracy !!!! many thanks! sieg heil to you my friend.

          who the fuck cares about their religion? read the news dumbass.

          Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.

          S 1 Reply Last reply
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          • M MrPlankton

            Congress controls the budget, Barney Frank and Chris Dodd had oversight of Fannie May and Freddie Mac...

            MrPlankton

            Multicultural Diversity Training, the new Socialist Reeducation Camp-light.

            O Offline
            O Offline
            oilFactotum
            wrote on last edited by
            #10

            Congress has been in the hands of the R's for most of that time, besides which what does the Federal budget have to do with anything? I can't believe your still holding to that fantasy that the FM's caused the finacial collapse.

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            • M Mike Gaskey

              Barney Frank and Chris Dodd, Democrats fully responsible for the mortgage melt down. Chris Cox, Republican responsible for not exercising his responsibilities for SEC oversight - minimally, mortgage backed securities and Bernie Madoff (whose ponzi scheme was brought to Cox's attention years ago and he chose not to dig in).

              Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.

              O Offline
              O Offline
              oilFactotum
              wrote on last edited by
              #11

              Mike Gaskey wrote:

              Barney Frank and Chris Dodd, Democrats fully responsible for the mortgage melt down.

              :laugh: Utter hogwash. Republicans controlled both houses and the executive for most of the past 8 years. This did not happen overnight.

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              • O oilFactotum

                Mike Gaskey wrote:

                Barney Frank and Chris Dodd, Democrats fully responsible for the mortgage melt down.

                :laugh: Utter hogwash. Republicans controlled both houses and the executive for most of the past 8 years. This did not happen overnight.

                M Offline
                M Offline
                Mike Gaskey
                wrote on last edited by
                #12

                oilFactotum wrote:

                This did not happen overnight

                nope, sure didn't. it started with Clinton but I thought your head would explode if I brought that up.

                Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.

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                • O oilFactotum

                  Congress has been in the hands of the R's for most of that time, besides which what does the Federal budget have to do with anything? I can't believe your still holding to that fantasy that the FM's caused the finacial collapse.

                  M Offline
                  M Offline
                  MrPlankton
                  wrote on last edited by
                  #13

                  oilFactotum wrote:

                  Congress has been in the hands of the R's

                  The administration wanted to make changes to FM, prevent them from making and selling toxic loans Barney Frank [^]and Chris Dodd where on oversight. The FM's were the trigger, but if US debt wasn't so great (budget) then the current disaster would not be so pronounced. Remember China and Saudi Arabia said that they would stop buying US debt if AIG went under (AIG insures loans which includes mortgages). If they stopped buying US debt government runs out of money.

                  MrPlankton

                  Multicultural Diversity Training, the new Socialist Reeducation Camp-light.

                  modified on Wednesday, January 14, 2009 3:04 PM

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                  • M Mike Gaskey

                    Sahir Shah wrote:

                    i go; i would like to know who i should thank for all this.

                    Barney Frank Chris Dodd Chris Cox

                    Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.

                    V Offline
                    V Offline
                    vaghelabhavesh
                    wrote on last edited by
                    #14

                    Mike Gaskey wrote:

                    Barney Frank Chris Dodd Chris Cox

                    Who are they?

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                    • V vaghelabhavesh

                      Mike Gaskey wrote:

                      Barney Frank Chris Dodd Chris Cox

                      Who are they?

                      M Offline
                      M Offline
                      Mike Gaskey
                      wrote on last edited by
                      #15

                      Frank - Democrat, congressman. Pushed relentlessly for "easy" to get mortgages. Exercised a great deal of influence over Freddie Mac and Fannie Mae "encouraging" both to uderwrite loans that no intelliegient loan officer would make otherwise. Chris Dodd - Democrat, senator. Did the same thing as Frank but in the senate. Chris Cox - Republican, head guy at the Security Exchange Commission, responsible for, well, overseeing trading activity. The really poorly underwritten mortgages were bundled into derivatives that were actively traded. A significant percentage of these are so bad that they're called toxic. Problem is, when you have no kowledge of the specifics of the derivatives (good or toxic mortgages) then all are considered bad. There was also a new rule in place that required financial instituitions to value their assets at market value (not their cost, but the $ amount they could get by selling at some point in time). When the toxic nature of the financial instruments surfaced these instituitions could no longer make loans because their asset base had shrunk dramatically.

                      Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.

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                      • M Mike Gaskey

                        Frank - Democrat, congressman. Pushed relentlessly for "easy" to get mortgages. Exercised a great deal of influence over Freddie Mac and Fannie Mae "encouraging" both to uderwrite loans that no intelliegient loan officer would make otherwise. Chris Dodd - Democrat, senator. Did the same thing as Frank but in the senate. Chris Cox - Republican, head guy at the Security Exchange Commission, responsible for, well, overseeing trading activity. The really poorly underwritten mortgages were bundled into derivatives that were actively traded. A significant percentage of these are so bad that they're called toxic. Problem is, when you have no kowledge of the specifics of the derivatives (good or toxic mortgages) then all are considered bad. There was also a new rule in place that required financial instituitions to value their assets at market value (not their cost, but the $ amount they could get by selling at some point in time). When the toxic nature of the financial instruments surfaced these instituitions could no longer make loans because their asset base had shrunk dramatically.

                        Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.

                        V Offline
                        V Offline
                        vaghelabhavesh
                        wrote on last edited by
                        #16

                        So 2 Democrats and 1 Republican, then why there is majority of Democrats in senate? :-)

                        M 1 Reply Last reply
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                        • M MrPlankton

                          Barney Frank, Chris Dodd all the suffering they caused... point men for evil. and every shmuck that bought a house and couldn't aford it (I wonder how many are here legally?) and the shmucks that wrote the Community Reinvestment act, and the congress that passed it. and the shmucks that repealed the Glass Stiegal act and the shmucks that encouraged banks to make loans to idiots who couldn't afford them and the shmucks that voted for them. ----- But I'd settle for Barney and Dodd in the stockade, or worse.

                          MrPlankton

                          Multicultural Diversity Training, the new Socialist Reeducation Camp-light.

                          B Offline
                          B Offline
                          BoneSoft
                          wrote on last edited by
                          #17

                          Don't forget the shmuck that thought the CRA wasn't enough and started the sub-prime mortgage. And the other schmucks that blocked reform of Freddy and Fannie. But you have it right, and you named the biggest reform blockers.


                          Visit BoneSoft.com for code generation tools (XML & XSD -> C#, VB, etc...) and some free developer tools as well.

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                          • O oilFactotum

                            Impressive - it's everybody's fault except those that had all the money and lost it!

                            MrPlankton wrote:

                            Barney and Dodd in the stockade, or worse.

                            Get real. Republicans have been in power for the last 8 years - That's where the lions share of political responsibility lies.

                            B Offline
                            B Offline
                            BoneSoft
                            wrote on last edited by
                            #18

                            BS. But when Obama starts tearing down the demoncracy, we'll see if you hold them to the same standard or continue to blame all the world's ills on the GWB 8 years.


                            Visit BoneSoft.com for code generation tools (XML & XSD -> C#, VB, etc...) and some free developer tools as well.

                            O 1 Reply Last reply
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                            • V vaghelabhavesh

                              So 2 Democrats and 1 Republican, then why there is majority of Democrats in senate? :-)

                              M Offline
                              M Offline
                              Mike Gaskey
                              wrote on last edited by
                              #19

                              crudeCodeYogi wrote:

                              So 2 Democrats and 1 Republican, then why there is majority of Democrats in senate?

                              an uneducated electorate and a media that is way to the left, down playing anything a Democrat does wrong while shouting from the roof tops when a Republican does the same thing.

                              Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.

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                              • O oilFactotum

                                Mike Gaskey wrote:

                                Barney Frank and Chris Dodd, Democrats fully responsible for the mortgage melt down.

                                :laugh: Utter hogwash. Republicans controlled both houses and the executive for most of the past 8 years. This did not happen overnight.

                                B Offline
                                B Offline
                                BoneSoft
                                wrote on last edited by
                                #20

                                Really[^]? Count up the number of "R"s in front of the names blocking FM reform, or thos with selective memory of the past.

                                oilFactotum wrote:

                                This did not happen overnight.

                                Right, but it couldn't have been more than 8 years... Right? :rolleyes:


                                Visit BoneSoft.com for code generation tools (XML & XSD -> C#, VB, etc...) and some free developer tools as well.

                                O 1 Reply Last reply
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                                • M Mike Gaskey

                                  crudeCodeYogi wrote:

                                  So 2 Democrats and 1 Republican, then why there is majority of Democrats in senate?

                                  an uneducated electorate and a media that is way to the left, down playing anything a Democrat does wrong while shouting from the roof tops when a Republican does the same thing.

                                  Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.

                                  B Offline
                                  B Offline
                                  BoneSoft
                                  wrote on last edited by
                                  #21

                                  Mike Gaskey wrote:

                                  an uneducated electorate and a media that is way to the left

                                  I wish I could give you more than 5. Succinct and precise.


                                  Visit BoneSoft.com for code generation tools (XML & XSD -> C#, VB, etc...) and some free developer tools as well.

                                  1 Reply Last reply
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                                  • O oilFactotum

                                    Mike Gaskey wrote:

                                    Barney Frank and Chris Dodd, Democrats fully responsible for the mortgage melt down.

                                    :laugh: Utter hogwash. Republicans controlled both houses and the executive for most of the past 8 years. This did not happen overnight.

                                    O Offline
                                    O Offline
                                    Oakman
                                    wrote on last edited by
                                    #22

                                    oilFactotum wrote:

                                    This did not happen overnight.

                                    Nor did it happen in just the last eight. It can be traced back to the Clinton years quite easily. Which is not to say that the Bush Aministration's commitment to deregulation did not exacerbate the problem tremendously. Ultimately it goes back to Nixon who destroyed the last connection between a dollar bill and anything of value. Once money was money only because the Secretary of the Treasury said it was, the American economy was royally frucked.

                                    Jon Smith & Wesson: The original point and click interface

                                    O 1 Reply Last reply
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                                    • M Mike Gaskey

                                      crudeCodeYogi wrote:

                                      So 2 Democrats and 1 Republican, then why there is majority of Democrats in senate?

                                      an uneducated electorate and a media that is way to the left, down playing anything a Democrat does wrong while shouting from the roof tops when a Republican does the same thing.

                                      Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.

                                      O Offline
                                      O Offline
                                      Oakman
                                      wrote on last edited by
                                      #23

                                      Mike Gaskey wrote:

                                      down playing anything a Democrat does wrong while shouting from the roof tops when a Republican does the same thing.

                                      That doesn't mean the Republicans should get a pass, too, but that the Democrats should be held to a higher standard, right? It appears to me that both parties cooperated to create this mess and they both will cooperate to make sure that whatever changes there are, Government will have more power over our lives, and we will have less. Demmicans and Republicrats - birds of a feather fluck the public together.

                                      Jon Smith & Wesson: The original point and click interface

                                      M 1 Reply Last reply
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                                      • M Mike Gaskey

                                        oilFactotum wrote:

                                        This did not happen overnight

                                        nope, sure didn't. it started with Clinton but I thought your head would explode if I brought that up.

                                        Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.

                                        I Offline
                                        I Offline
                                        Ilion
                                        wrote on last edited by
                                        #24

                                        Mike Gaskey wrote:

                                        it started with Clinton but I thought your head would explode if I brought that up.

                                        I goes back at least as far as the Carter years; it was ramped up under Clinton.

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                                        • S Sahir Shah

                                          things are getting worse day by day. if this trend continues I am sorely tempted to run off into the himalayas to become a sanyasi[^] even if my job is not at risk. i am kinda fed up of seeing all this pain and suffering. basically all suffering is caused by kamam, krodham, moham. kamam is lust, krodham is wrath or rage, moham is the attachment to worldly pleasures. kill all these feelings and you won't give a shit which bank failed yesterday. i go to seek the river of the arrow[^] which will release me from the eternal cycle of samsara. but before i go; i would like to know who i should thank for all this.

                                          M Offline
                                          M Offline
                                          MrPlankton
                                          wrote on last edited by
                                          #25

                                          Sahir Shah wrote:

                                          things are getting worse day by day.

                                          How are things getting worse? What's happening over there?

                                          MrPlankton

                                          Multicultural Diversity Training, the new Socialist Reeducation Camp-light.

                                          S 1 Reply Last reply
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