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Politics : Mainstream Politics and Economics

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To: Win Smith who wrote (6221)	12/23/2011 9:43:37 PM
From: Bearcatbob	2 Recommendations Read Replies (1) of 85487

Winn, I have a loony lefty lawyer friend with whom I have had this joust over and over. He is impervious to facts. He is a true Obama fool who enthusiastically believes every lie Obama tells. Your post below is laughable. Is it not interesting to you that the only criminals so far charged are Fannie and Freddie execs. The biggest criminal IMO in the financial melt down is Barney Frank. The root cause of the problem is the desire of the Clinton and his loony lefty friends in Congress to give everyone a house - regardless of their ability to pay for it. If a bank did not loan to unworthy borrowers - the wrath of the loony left government agencies came down on them. That was the start - then came the Wall Street gang who simply jumped on the band wagon. Masters of the melt down - look to Barney and company first. Modest financial reforms - now let me get this straight - demonize the banks - make them hold more and more capital - restrict their ability to earn fees - and then wonder why they do not loan. Think about that - wonder why they do not loan. Think Barney Frank. Think loony left. Think looking in a mirror. Man up - share the blame - see the root cause. I submit to you that no single person is more responsible for our mess than Barney Frank - oh yeah - then there is Maxine. Bob It's pretty rich to read the practitioners of that-which-dare-not-speak-its-name wrt Obama bitching about Obama demonizing anything. Certain things have some well deserved demonization due to them, anyway. Obama didn't cause the subprime meltdown, but the masters of the universe on Wall Street were up to their neck in it. There's demons out there somewhere that need to be exorcised, but the Republican response to that is to neuter in any way possible the modest financial / banking reforms that have actually been passed so far. My biggest problem with Obama is that he's been way too cozy with Wall St. but by local standards he's apparently demonizing them? Whatever. In a perfect world, if the Republicans luck out and end up running the relatively inoffensive Romney, we'd find out a little bit about how much job creation the private equity funds do. My understanding it's primarily of the negative variety, downsizing, outsourcing, and shipping things overseas, but who knows? I don't exactly expect an honest exposition on the subject, but it could happen!

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