Comments on: Markets Drop Amid Mortgage Worries
Dow Falls 128 Points As Investors Assess Dangers Faced By Freddie Mac, Fannie Mae
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- formrusmcsgt wrote
Repubs always clamor for less government regulation so that business will "prosper".
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And the Dems always do their best to create more bloated "Big Government."
Clinton broke with tradtion by directly interfering with federal agencies, through a series of ill-advised executive orders. Among these were his order forbidding federal agencies to prevent "racial profiling" and his order establishing the FAA''s new top priority to be "reducng airline flight delays." And all this came after the agency budgets were cut to "balance the budget."
These foolish, reckless actions contributed directly to 9/11. - Reply to this comment
- BajaJohn1 wrote
Phil Gramm is out of balance between delusion and reality.
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Totally agree there. Phil may prove to be the final nail in the Republican party''s coffin. No matter how fast McCain distanced himself, Gramm''s comment once again portrayed the Republicans as being for the wealthy, with callous disregard for us "regular folks." - Reply to this comment
- Where''s the US headed? Is the continent floating off somewhere?
- Reply to this comment
- I THINK THAT EXPLAINS EVERYTHING...
Posted by txgrouch2006 at 08:13 PM : Jul 11, 2008
Noit hardly.
Repubs always clamor for less government regulation so that business will "prosper".
The truth is, when the government looks the other way, we all get screw*ed.
Remember the savings and loan disaster?
This mortgage crisis is no different. - Reply to this comment
- Hey Republicons: More evidence of why 80% of Americans think the U.S. is headed in the wrong direction
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Hey BajaJohn1: the U.S. has been headed in the wrong direction for SIXTEEN YEARS. It''s just taken until now for 80% of Americans to notice.
It''s not the Democrats. It''s not the Republicans. It''s
SIXTEEN YEARS OF BABY BOOMERS.
Slick Willy is a Boomer. Dubya is a Boomer. Hillary is a Boomer. Arnold Schwarzenegger is a Boomer. Joseph Hazelwood is a Boomer. 60% of Congress are Boomers.
I THINK THAT EXPLAINS EVERYTHING... - Reply to this comment
- Meanwhile, according to the Los Angeles Times,
Today control of IndyMac bank was transferred to the FDIC. It is the second largest bank failure in U.S. history. In 2006, its stock was $50.11. Today the stock dropped to $0.28 a share. The $32 billion bank will now entirely be controlled by the FDIC. - Reply to this comment
- Posted by txgrouch2006 at 06:53 PM : Jul 11, 2008
Sorry, my apology but you misinterpreted my comment. I AM IN FAVOR OF REGULATING OUR FREE MARKET! Thst include the mortage industry. - Reply to this comment
- lovegetpeace wrote
There is no such thing as a Free Market regulating itself.
The Ideal Free Market is a Tiger out in the Wild Kingdom.
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Well said. Which is why the home mortgage industry was regulated, even more heavily so, after the ARM-induced home foreclosure disaster of the 1980''s.
It was regulated just as the rest of the financial services and real estate industry are regulated to PROTECT THE CUSTOMER from making bad decisions.
THE CLINTON ADMINISTRATION DEREGULATED THE HOME MORTGAGE INDUSTRY. The result - THE EXACT SAME HOME MORTGAGE CRISIS HAS HAPPENED ALL OVER AGAIN. - Reply to this comment
- OBAMA WINS!
At this point, McCain has no chance of winning. He has three strikes against him:
1. The economy is a disaster. A bad economy in an election year spells doom for the incumbent - or in this case, the incumbent party.
2. Hillary and Obama have worked things out between them, in public anyway. McCain''s best chance would have been if those two went into their convention fighting like cats and dogs.
3. McCain failed to follow my advice and he OPENED HIS MOUTH IN PUBLIC. By failing to keep his mouth shut, he has managed to say something that has disagreed with practically every person in the country, including me. He has managed to convince almost everyone that he is a blithering idiot who will go it alone and shoot from the hip, and he will NOT listen to advisers.
McCain is toast. Pop him up, he''s done. - Reply to this comment
- THAT''S IT!!! THAT''S IT!!! THE PERFECT NEWS ITEM!!!!
This news item captures what I''ve been saying all along. The stock market is down 3,000 points since the beginning of the year - THREE THOUSAND POINTS - and the year is only half over. Clearly the blame will fall on Bush.
But the mortgage crisis is due to THE DEREGULATION OF THE HOME MORTGAGE INDUSTRY during the CLINTON ADMINISTRATION.
SIXTEEN YEARS OF BABY BOOMERS.
Slick Willy is a Boomer. Dubya is a Boomer. Hillary is a Boomer. Arnold Schwarzenegger is a Boomer. Joseph Hazelwood is a Boomer. 60% of Congress are Boomers.
I THINK THAT EXPLAINS EVERYTHING... - Reply to this comment
- The economists were right-massive tax cuts for the rich have been wonderful for all-the desperate attempts by the Fed, putting & keeping rates at a stupid low has not saved an economy led by greedy idiots!
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- I hope you agree the Government must control (regulate), via the Federal Reserve bank, the interest rate in the market or else.
Posted by lovegetpeace at 05:57 PM : Jul 11, 2008
Yes,,I agree. There does have to be regulations, but why does it have to be for new businesses, and not for older ones. Just look at the FDA to see what I am getting at, and other entities.
I have to go now. Time to eat supper, and chill out. - Reply to this comment
- There is no such thing as a Free Market regulating itself.
The Ideal Free Market is a Tiger out in the Wild Kingdom. - Reply to this comment
- Posted by gce65 at 04:37 PM : Jul 11, 2008
Thank you for confirming that Capitalism was even troublesome in the 1820''s.
Viva la Socialismo!! - Reply to this comment
- Posted by slim1h2o at 04:38 PM : Jul 11, 2008
I have never seen ''Free Market'' works without some regulator just as I know the thermostat in my Car Regulates the Temperature of my engine.
I hope you agree the Government must control (regulate), via the Federal Reserve bank, the interest rate in the market or else. - Reply to this comment
- TIME FOR REAL CHANGE, TIME TO SAY GOODBYE TO CORPORATE AMERICA, BIG PHARMA, THE FDA, THE OIL & FOOD SPECULATORS AND TO BUSH.
TAKING AMERICA BACK. - Reply to this comment
- I think I will wait to watch the news once a month. Didn''t yesterday or the day before have a terrific rally and the oil prices dropped...day or two later oil is past previous rates and the market is in turmoil...The ones that are getting fat and happy are the ones driving the market . speculators....I speculate that eventually THEY will pay the piper
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- %u201CThe real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the government of the U.S. ever since the days of Andrew Jackson. History depicts Andrew Jackson as the last truly honorable and incorruptible American president.%u201D
President FDR (on Fascist rule in a letter to corporate con man %u201CColonel%u201D Edward M. House, a founder of the Council on Foreign Relations and political fixer for the ruling class. House also handled President Wilson for the foisting of the privately rigged %u201CFederal Reserve%u201D Corp bank monopoly. 11/21/ 1933) - Reply to this comment
- %u201CWe are opposed...by a ruthless conspiracy that relies primarily on covert means for expanding its sphere of influence--on infiltration instead of invasion, on subversion instead of elections, on intimidation instead of free choice, on guerrillas by night instead of armies by day. It is a system which has conscripted vast human and material resources into the building of a tightly knit, highly efficient machine that combines military, diplomatic, intelligence, economic, scientific and political operations.
Its preparations are concealed, not published. Its mistakes are buried, not headlined. Its dissenters are silenced, not praised. No expenditure is questioned, no rumor is printed, no secret is revealed. It conducts the [war] with a war-time discipline no democracy would ever hope or wish to match...%u201D John F Kennedy, 1961. - Reply to this comment
- And McCain has the pleasure of arguing to young people that they''d be better off with their money in the market. Sell that one hard Johnny!
- Reply to this comment
How gold pays for 
