Comments on: Top Senators Skeptical Of Bailout Plan
Despite Dire Warnings From Fed Chair, Sen. Dodd Says $700 Billion Plan "Not Acceptable"
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- "the Federal Housing Enterprise Regulatory Reform Act of 2005 was introduced on Jan 26, 2005. Where it died in a Republican-controlled committee of the Republican-controlled Senate."
As usual Rowdy, you listen to the GOP talking points and spout them without ever rally researching the truth. Or do you just choose to conveniently ignore it? - Reply to this comment
- Really? What was Obama''''s position on the bill?
Posted by stratmaster2
as long as the money kept flowing in, he didn''t say "peep". - Reply to this comment
- Because the demoraps weren''''t just jumping up and down to get the reform they were screeching about! Not a one of them! Not Barak Obama, not Joe Biden, not Chris Dodd, even, as a matter of fact they wouldn''''t even look at it...which means they BLOCKED IT!
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Posted by StormyTexan at 12:00 AM
Really? What was Obama''s position on the bill? - Reply to this comment
- There ya go, Strat, look how fast jgg000 found the name of that bill you didn''''t even know how to start finding.
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Posted by StormyTexan at 11:45 PM :
So how is it that you can cite Democrats voted against a bill that never made it out of committee? - Reply to this comment
- Posted by nomcsame
if you''re looking for someone to blame, blame Chris Dodd. - Reply to this comment
- We''re awaiting the housing mess to reach
bottom so that we can see that things
can only be looking up.
Likewise, in following Bush and Cheney''s
winning of the white house, if Palin is able
to make one-stop visits to a couple foreign
leaders and with those credentials become
VP or president,,,,
There you have it!! The bottom from which
you can only see things looking up.
Trying to imagine the depths of
intellectual discourse Karzai and
Palin might have engaged in.,,,.
Hello, I''m Sarah.
Hello I''m Hamid,,,,is that all you''ll be
be needing me for?
Yes, thank you, Hamid.
FRANK!!,,,WHERE TO NEXT??? - Reply to this comment
- (cont)
The OFHEO report also states that Fannie Mae used its political power to lobby Congress in an effort to interfere with the regulator%u2019s examination of the company%u2019s accounting problems. McCain managed to predict the entire collapse that has forced the government to eat Fannie Mae and Freddie Mac, along with Bear Stearns and AIG. He hammers the falsification of financial records to benefit executives, including Franklin Raines and Jim Johnson, both of whom have worked as advisers to Barack Obama this year. The Bill never made it out of committee. Chris Dodd, then the ranking member of the Banking Committee and now its chair, was in the middle of receiving preferential loan treatment from Countrywide Mortgage, one of the companies gaming the system in the credit crisis. Meanwhile, Barack Obama took hundreds of thousands of dollars making him the #2 recipient of Fannie/Freddie money: - Reply to this comment
- Which candidate foresaw the credit crisis and tried to do something about it? As it turns out, John McCain did. McCain spoke on May 25, 2006, on behalf of the Federal Housing Enterprise Regulatory Reform Act that the company%u2019s quarterly reports of profit growth were %u201Cillusions deliberately and systematically created%u201D by the company%u2019s senior management, which resulted in a $10.6 billion accounting scandal; that Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets in order to trigger bonuses for senior executives. In the case of Franklin Raines, Fannie Mae%u2019s former chief executive officer, OFHEO%u2019s report shows that over half of Mr. Raines%u2019 compensation for the 6 years through 2003 was directly tied to meeting earnings targets.
(cont) - Reply to this comment
- No Sir, she is Obama''''s campaign fund manager as we speak! Has been since the inception of his campaign.
And her involvement in the sub-prime business continues.
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Posted by StormyTexan at 11:28 PM
Yes, I know she is his fund manager. But she stepped down from the bank that became deep in the sub-prime mess way back in 1994. She kept a mostly honorary position on the board for several years after that. - Reply to this comment
- $700 Billion - enough to make every American more than twice a billionaire! Too bad the Republicans only want to give the money a few selected people.
- Reply to this comment
- Tonite I e-mailed my Senator this excerpt from a discussion on the "Newshour" (PBS). This guy from Carnegie Mellon has a pretty good sense of "smell" it seems to me...
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ALLAN MELTZER: Yes. I don''t want to join a debate about different ways of picking the public''s pocket. I think, if they''re going to do something -- and I don''t think that we really need to do anything. I''ve heard these stories over and over for 40 years. You know, maybe there will be a crisis.
But despite all the talk, Main Street is not doing so badly. And the fact is that they''ve been predicting disaster since January. It hasn''t happened.
And if they''re going to do something, then what they ought to do is make loans, which the financial institutions have to repay with interest. And if you think -- that''s an idea which the Chileans have used in a bigger crisis than this for them in 1982, and it worked for them.
People paid back the loans. They weren''t allowed to pay dividends until they repaid the loans. They weren''t allowed to take bonuses until they repaid the loans. I think that''s the way -- if we''re going to do this, then that''s the way we should do it. - Reply to this comment
- Oh we got that yeah! But it''''s ok for Obama to hold meetgins with his Imama buddies in secret, and hold meetings with Iraqi officials in secret while he tries to talk them into not entering agreements with the U. S. President...his president by the way, which is a violation of the Locan Act. And of course the DNC in it''''s nominating process can just shut the doors and make their backroom deals dishing out Hillary''''s delegates to Obama.
But please, yes, no more secret meetings. Period!
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Posted by StormyTexan at 11:26 PM
Oh goodness, here she goes with the conspiracy theories. - Reply to this comment
- Posted by singinrich at 11:20 PM : Sep 23, 2008
I think your statement says it all. Rick Davis hasn''''t had any association with these companies in years.
What about that can you not understand?
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Posted by StormyTexan at 11:22 PM :
And yet your reference to Pritzker is what, 8 years old and references a bank she had no ownership in. That''s ok though, right? - Reply to this comment
- The more we hear the more it makes sense to walk away from this bailout. We should then consider getting rid of both Bernanke and Paulson for being so short-sighted. The are perfectly willing to bend to the whim of what big business is telling them without consideration for the fact that those businesses are failures and need to be allowed to fail! They are the fools that led themselves into this, cut them loose and let them fail. Let the pieces fall where they may. Even these businesses that are about to be bankrupt have a lot of value, they will be picked up by others and rebuilt. There will be pain, but propping up losers with good cash is poor plan. Let them fail!
- Reply to this comment
- Posted by StormyTexan at 11:17 PM
"There you go again". Other people are contradicting you, posting quotes and documentation; but we should just take your word for your wild claims. - Reply to this comment
- If we can get the TV cameras out of the meetings, we can get resolution on this issue.
Having TV cameras around a politician during the last 6 weeks before election is like crack cocaine.
Stop the TV cameras and save the nation. - Reply to this comment
- Nobody expects you to understand the economy. Especially since you never research it so you do.
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Posted by StormyTexan at 11:13 PM
No Rowdy, the difference between you and i is I don''t come on here acting like a know-it-all when with made up "facts". So bottom line, you don''t know any details about the bill you are referring to. If you do, and it supports your case, nd if you really cared about anything but your partisan views, you would want to point me to it - Reply to this comment
- Yeah, we do. And John McCain himself and other republicans proposed the legislation to reform it three years ago, and not one democrap even listened, including Barak Obama and Joe Biden.
John McCain and Cindy even got their stocks out of these companies two years ago!
Posted by StormyTexan at 11:06 PM : Sep 23, 2008
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Listen, Stormy! John McCain has this nasty habit of PUBLICALLY being for reform while privately---and most of the time, when voting---being AGAINST reform!
He''s worked for deregulation of business for twenty years! I''m not lying about it! Look it up! That aside.
Let''s agree that this bailout isn''t good for America!
Let''s stand together for that reason and purpose! - Reply to this comment
- Go look it up dear! If you''''d read something once in awhile you might know something!
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Posted by StormyTexan at 11:12 PM
That is what I am going to do, as I always do. Which bill? - Reply to this comment
- don''''''''t support any bailout until the 56 United States Congressmen and Women who own major shares in those companies have their money confiscated to help bail them out! And those on the the major take from those companies...and that is inclusive of Nancy Pelosi, John Kerry, Chris on the take Dodd, and Barak on the take Obama!
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Posted by StormyTexan at 11:09 PM
Ahhh... so this is the Dems fault. they were all on the take. Uh-huh. The DEMS are the ones in bed with corporate America. Yeah... - Reply to this comment
How gold pays for 
