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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Brian Sullivan who wrote (271265)	9/29/2008 6:30:23 PM
From: D. Long	Respond to of 793926

"I care that it could be contagion," Morgan Stanley chief financial officer Colm Kelleher said in a conference call with analysts. "You've got fear in the market." This is the grave risk. It doesn't matter squat if the system is sound if people are reacting emotionally. Fear will seize up the entire system and it will come crashing down around our ears.

To: Brian Sullivan who wrote (271265)	9/30/2008 1:58:22 AM
From: KLP	1 Recommendation Respond to of 793926

Well, now we really know what Obama was doing as a "community organizer/community pressure group"..... It's nice to know there is at least one University Professor who is honest, and knows and hopefully teaches, the History of this latest Dem outrage! The Financial Mess: How We Got Here By Abraham H. Miller September 29, 2008 americanthinker.com CRA- Community Reinvestment Act >>>>> In the short run, all sorts of money was to be made by lowering standards and processing sub-prime loans for the poor. The Wall Street Journal raised concerns about Fannie's and Freddie's capital requirements. Senator Phil Gramm (R, TX) raised issues about community pressure groups, such as Barack Obama's ACORN, extorting money from banks by holding their feet to the CRA fire, and threatening to militate against mergers and acquisitions unless the banks entered into preferential agreements with community groups. <<<<<