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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (138589)	9/25/2008 3:36:30 PM
From: Kevin Rose	Read Replies (2) \| Respond to of 173976

I don't disagree with your analysis. I just think those were downstream issues. Without the manipulation of interest rates, none of the downstream excesses would have been possible. It was the fuel in the rocket that exploded. Now, when you're talking dollar policy and interest rates, those are somewhat sibling issues. When the Bush administration took the conservative hands-off dollar policy, that locked them into the low interest rate policy, which formed a fiscal feedback loop. As the dollar dropped, they were forced to keep interest rates low to mask the real effect on the economy. Which fed the whole mess. But, if we get too distracted into thinking this problem was caused by lack of oversight, we lose sight of the real causes - conservative free market crap that has been hurting this country for more than a decade. I guess we didn't learn from deregulation of telecom or energy...

To: Lizzie Tudor who wrote (138589)	9/25/2008 3:48:05 PM
From: Thomas A Watson	Respond to of 173976

lizzie you are out in left lunch, as usual. This is a summary of fannie and freddie and lehman and obama. #2 paid off by fannie. youtube.com Explosive CEO calling Obama and Dems the "Family" "Conscience" of Fannie Mae The Banking Failures are because of the Housing Crisis, which was caused by mortgage lenders handing out bad loans and the biggest offenders: Fannie Mae and Freddie Mac The Democrats have been taking PAYOFFS from Fannie and Freddie to look the other way FOR DECADES! NOW VIDEO FOUND of the CEO of Fannie Mae in 2005 explaining the "FAMILY" connection with Democrats And specifically Barack Obama and the Congressional Black Caucus