Comments on: Meltdown Warnings Ignored, Analysis Shows

AP: Bush Administration Backed Off Recommended Crackdowns On Risky Mortgages

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by txgrouch2007 December 1, 2008 2:36 PM EST
My cousin says the cbs legal dept. is pretty worried over it.
Posted by ghostfighter at 11:22 AM : Dec 01, 2008

They should be. Yahoo! was doing it before they even started. They should have been doing it all along.

That fact that they haven''t has left them open to charges of negligence already.

They should have hired me to give them some advice.

I''d add a smiley face to that, but I don''t want to get sued for it...
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by bobnjersey December 1, 2008 2:35 PM EST
[Diane Casey-Landry, of the American Bankers Association, said the industry feared a two-tiered system in which banks had to follow rules that mortgage brokers did not. She said opposition was based on the banks'' best information. "You''re looking at a decline in real estate values that was never contemplated," she said. ]

oh yea ... a decline in a market where prices go up and down would be impossible to anticipate.
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by amrt5016 December 1, 2008 2:33 PM EST
The financial meltdown is a forceful articulation of the role of government in managing the economy. The economy is a system that can go haywire and the government is a player big enough to exercise some control. We don''t want the markets to be so regulated as to be inefficient. But neither do we want them to operate in a manner that allows for unchecked paper profits to be created for some because we know this is an unsustainable state of affairs with large losses of wealth in the certain crash to follow. It seems simple to me, at least in theory, that if you agree that government should work for the common good that a regulatory framework is good for any market-like system. This framework should include mechanisms to detect overstimulation of the market so that regulatory responses can kick in.
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by txgrouch2007 December 1, 2008 2:33 PM EST
Will YOU take responsibility and name the Republicans that are guilty in this mess?
Posted by troutfisher4 at 11:21 AM : Dec 01, 2008

I just did that a few minutes ago. It''s not my fault you''re too lazy to read.
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by prohb December 1, 2008 2:31 PM EST
After everything else Cheney/Rove/Bush have done.....why am I not surprised?
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by troutfisher4 December 1, 2008 2:28 PM EST
Why yes, I do believe I have heard of it. Bush finally responded to the terrorists. I just get sick and tired of the ignorant people who honestly believe there was no reason to go to war against the terrorists. I was just sharing a history lesson for their benefit.

Posted by leeanna58



So you believe that Iraq was about "responding to the terrorists"? Really?



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by leeanna58 December 1, 2008 2:22 PM EST
we ARE at war, its called the War on Terror, in Iraq and Afghanistan.. Ever heard of it?

Posted by legacyABQ

Why yes, I do believe I have heard of it. Bush finally responded to the terrorists. I just get sick and tired of the ignorant people who honestly believe there was no reason to go to war against the terrorists. I was just sharing a history lesson for their benefit.
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by troutfisher4 December 1, 2008 2:21 PM EST
OK, time''''s up. You REFUSE to blame ANY Democrat for ANYTHING.

So much for taking responsibility.

Posted by txgrouch2007



Will YOU take responsibility and name the Republicans that are guilty in this mess?


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by txgrouch2007 December 1, 2008 2:20 PM EST
Mommy, why don''t the Democrat EVER take the blame for ANYTHING????
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by leeanna58 December 1, 2008 2:19 PM EST
TX Grouch,

You are right!

My regret that is that I was too stupid to go ahead and get my hands on one of the houses when the getting was good.

My debt would have been bailed out in the bail out, but oh well.
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by txgrouch2007 December 1, 2008 2:18 PM EST
The state''''s attorney in the cyber-bullying case had no trouble identifying the person who created the myspace page. They can find anyone who posts anywhere.
Posted by ghostfighter at 11:11 AM : Dec 01, 2008

I remember Yahoo! used to warn us that our IP address could be released to authorities to track us down if we made threats on their message boards.

I guess Big Eye will start doing the same.
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by leeanna58 December 1, 2008 2:16 PM EST
Since 1979 to present, with the attacks against America and incompetent responses, the "blame," can be placed directly upon Democrats and Republicans.
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by txgrouch2007 December 1, 2008 2:15 PM EST
They why you RepubliBumpkins went apeshit over a silly little BJ in the White House. Its all you could come up with.....
Posted by FloydZeppd at 11:11 AM : Dec 01, 2008

OK, time''s up. You REFUSE to blame ANY Democrat for ANYTHING.

So much for taking responsibility.
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by leeanna58 December 1, 2008 2:14 PM EST
And of course you know the events of 11 September
2001. Most Americans think this was the first attack
against US soil or in America. How wrong they are.
America has been under a constant attack since 1979
and we chose to hit the snooze alarm and roll over and
go back to sleep.

In the news lately we have seen lots of finger
pointing from every high officials in government over
what they knew and what they didn''t know. But if
you''ve read the papers and paid a little attention I
think you can see exactly what they knew. You don''t
have to be in the FBI or CIA or on the National
Security Council to see the pattern that has been
developing since 1979.

The President is right on when he says we are
engaged in a war. I think we have been in a war for
the past 25 years and it will continue until we as a
people decide enough is enough. America needs to "Get
out of Bed" and act decisively now. America has been
changed forever.. We have to be ready to pay the price
and make the sacrifice to ensure our way of life
continues. We cannot afford to keep hitting the snooze
button again and again and roll over and go back to
sleep.
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by txgrouch2007 December 1, 2008 2:13 PM EST
how about you?? come on, and be honest with yourself now......if at all possible
Posted by usadvisor101 at 11:07 AM : Dec 01, 2008

As I''ve posted several times TODAY, President Bush has been a major disappointment. The GOP missed the opportunity of a lifetime when they had total control of Washington. They could have enacted sweeping social reforms and reverse much of the destructive liberal reforms that had been wrecking our country since the 1960''s. But instead all they did was enrich and empower themselves and they went corrupt. Bush and DeLay disgraced the GOP the same as Republicans think Bill Clinton disgraced the Democrats.

Bush''s biggest mistake was that he foolishly continued Clinton''s policies, even though they were clearly designed to self destruct.

Bush is a Baby Boomer fool who has totally fumbled and bungled the Great Opportunity the GOP had.
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by legacyabq December 1, 2008 2:13 PM EST
*** leeanna,

we ARE at war, its called the War on Terror, in Iraq and Afghanistan..
Ever heard of it?
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by leeanna58 December 1, 2008 2:13 PM EST
Then in November 1995 a car bomb explodes at a US
military complex in Riyadh, Saudi Arabia killing seven
service men and women.

A few months later in June of 1996, another truck
bomb explodes only 35 yards from the US military
compound in Dhahran, Saudi Arabia. It destroys the
Khobar Towers, a US Air Force barracks, killing 19 and
injuring over 500. The terrorists are getting braver
and smarter as they see that America does not respond
decisively.

They move to coordinate their attacks in a
simultaneous attack on two US embassies in Kenya and
Tanzania.. These attacks were planned with precision.
They kill 224. America responds with cruise missile
attacks and goes back to sleep.

The USS Cole was docked in the port of Aden, Yemen
for refueling on 12 October 2000, when a small craft
pulled along side the ship and exploded killing 17 US
Navy Sailors. Attacking a US War Ship is an act of
war, but we sent the FBI to investigate the crime and
went back to sleep.
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by leeanna58 December 1, 2008 2:12 PM EST
Clinton treated these terrorist acts as crimes; in
fact we are still trying to bring these people to
trial. These are acts of war.

The wake up alarm is getting louder and louder.

The terrorists decide to bring the fight to
America. In January 1993, two CIA agents are shot and
killed as they enter CIA headquarters in Langley,
Virginia.

The following month, February 1993, a group of
terrorists are arrested after a rented van packed with
explosives is driven into the underground parking
garage of the World Trade Center in New York City. Six
people are killed and over 1000 are injured. Still
this is a crime and not an act of war? The Snooze
alarm is depressed again.
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by leeanna58 December 1, 2008 2:11 PM EST
Soon the terrorism spreads to Europe. In April
1985 a bomb explodes in a restaurant frequented by US
soldiers in Madrid.

Then in August 1985 a Volkswagen loaded with
explosives is driven into the main gate of the US Air
Force Base at Rhein-Main, 22 are killed and the snooze
alarm is buzzing louder and louder as US interests are
continually attacked.

Fifty-nine days later in 1985 a cruise ship, the
Achille Lauro is hijacked and we watched as an
American in a wheelchair is singled out of the
passenger list and executed.

The terrorists then shift their tactics to bombing
civilian airliners when they bomb TWA Flight 840 in
April of 1986 that killed 4 and the most tragic
bombing, Pan Am Flight 103 over Lockerbie, Scotland in
1988, killing 259.
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by leeanna58 December 1, 2008 2:10 PM EST
Then just six short months later in 1983 a large
truck heavily laden down with over 2500 pounds of TNT
smashed through the main gate of the US Marine Corps
headquarters in Beirut and 241 US servicemen are
killed. America mourns her dead and hit the Snooze
Button once more.

Two months later in December 1983, another truck
loaded with explosives is driven into the US Embassy
in Kuwait, and America continues her slumber.

The following year, in September 1984, another van
was driven into the gate of the US Embassy in Beirut
and America slept.
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