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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (115255)	8/23/2008 7:52:35 PM
From: longnshort	Read Replies (1) \| Respond to of 132070

Change! My Ass. This was all about making sure the old, white guys continued to run the country. (Cute. They sent the text message at 3:00am probably because they aren’t quite done sticking it to Clinton.) It all makes sense to me know, especially the part about them expecting all the women in the party to just fall in line. The idea of letting Hillary run things must have just frosted their crockies. Oh, plus all of the lobbyists must be high fivin’ each other. Kos, I hate to say I told you so but this is exactly what I would predict would happen back when you threw me off. Obama made a right turn and threw YOU off. What you have here is Biden as the man behind the curtain, working with the old, white guys in Congress to party like it’s 1959. Are you satisfied now? What else can you expect from a candidate who has no discernable core principles, no CV to speak of and a complete and utter dependence on his congressional backers? Go back and take a look at that pic. Who is in charge? We gave up Hillary Clinton for Joe Biden??? Who couldn’t manage to eek out any delegates on his own? {{sigh}} The DNC has lost its mind. Not only have they perpetrated fraud after fraud on the voters this year but they send me an email seeking my help in promoting this stupid meme that McCain doesn’t know how many houses he has. Tell me they aren’t really this clueless. It doesn’t matter how many houses McCain has. It doesn’t matter that he doesn’t know about all of them. The point is, men who live in million dollar mansions (that they purchased with help from a convicted felon) have no right to point to the abundance of his opponent’s living arrangements. Neither one of them knows what it’s like to live in a Philly row home or a trailer park or a modest three bedroom townhouse or a California ranch. Pursuing this line of attack is a waste of time and effort. Oh, what do I care? Who is running the DNC these days? They are really amatuers. Someone should keep them away from sharp objects. They are a danger to themselves and others. Well, I’m going to hop in the shower and finish stowing my stuff. I always over pack. With any luck, I’ll be in Denver by 4:00PM MT. Er, that’s 6:00PM EST. There probably won’t be much to report until then unless the Indianapolis airport is more sexy than I thought. Stay tuned for Gary and Mawm’s great adventure and don’t forget to check out Murphy’s Schedule of Event’s on PUMAPac riverdaughter.wordpress.com

To: Knighty Tin who wrote (115255)	8/24/2008 12:08:42 PM
From: LowtherAcademy	Read Replies (2) \| Respond to of 132070

Hi Mike, Not to tear you away from batting mossies, ggg, but, here's a Bloomberg blurb that still has me wondering how sweet the Freddie and Fannie bailout will be, and it's affect on the the SP. Lew Freddie, Fannie Failure Could Be World `Catastrophe,' Yu Says By Kevin Hamlin Aug. 22 (Bloomberg) -- A failure of U.S. mortgage finance companies Fannie Mae and Freddie Mac could be a catastrophe for the global financial system, said Yu Yongding, a former adviser to China's central bank. ``If the U.S. government allows Fannie and Freddie to fail and international investors are not compensated adequately, the consequences will be catastrophic,'' Yu said in e-mailed answers to questions yesterday.``If it is not the end of the world, it is the end of the current international financial system.'' Freddie and Fannie shares touched 20-year lows yesterday on speculation that a government bailout will leave the stocks worthless. Treasury Secretary Henry Paulson won approval from the U.S. Congress last month to pump unlimited amounts of capital into the companies in an emergency. China's $376 billion of long-term U.S. agency debt is mostly in Fannie and Freddie assets, according to James McCormack, head of Asian sovereign ratings at Fitch Ratings Ltd. in Hong Kong. The Chinese government probably holds the bulk of that amount, according to McCormack. Industrial & Commercial Bank of China yesterday reported a $2.7 billion holding. Bank of China Ltd. may have $20 billion, according to CLSA Ltd., the Hong Kong-based investment banking arm of France's Credit Agricole SA. CLSA puts the exposure of the six biggest Chinese banks at $30 billion. `Beyond Imagination' ``The seriousness of such failures could be beyond the stretch of people's imagination,'' said Yu, a professor at the Institute of World Economics & Politics at the Chinese Academy of Social Sciences in Beijing. He didn't explain why he held that view. China's government hasn't commented on Fannie and Freddie. Yu is ``influential'' among government officials and investors and has discussed economic issues with Premier Wen Jiabao this year, said Shen Minggao, a former Citigroup Inc. economist in Beijing, now an economist at business magazine Caijing. Investor confidence in Fannie and Freddie has dwindled on speculation that government intervention is inevitable. Washington-based Fannie has fallen 88 percent this year, while Freddie of McLean, Virginia, has slumped 91 percent. Paulson got the power to make purchases of the two companies' debt or equity in legislation enacted July 30 that was aimed at shoring up confidence in the businesses. He has said the Treasury doesn't expect to use that authority. The two companies combined account for more than half of the $12 trillion U.S. mortgage market.