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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (285238)	10/20/2010 6:52:59 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 306849

Why in the world would President Obama, whose legacy has been sabotaged by a housing crisis that Donilon helped create and conceal, have hired him to run the most sensitive position of public trust in his administration? Because he is one of the most skilled of the Washington players, and, as this president has demonstrated so often with his key appointments, it’s the top hustlers of whom he seems enamored. “He has a probing intellect and a remarkable work ethic,” Obama stated this month upon appointing Donilon, thereby reducing ethics to a variant of ambition rather than morality, “although it’s one that depends on a seemingly limitless quantity of Diet-Coke.” Ha, ha. But of course Obama must avoid questioning the connection of that work ethic to the impoverishment of tens of millions of homeowners. When Donilon first entered his presidential campaign in 2008, Obama knew he had been working as a legal adviser to Goldman Sachs and Citigroup, two firms that had to depend on government bailouts to survive a housing crisis they helped create. commondreams.org

To: tejek who wrote (285238)	10/20/2010 6:56:45 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 306849

>>........the alternative was economic anarchy.<< What we got is pretty close now: No chain of loan documents on a few trillion dollars in loans. Mozillo gets "punished" by keeping 100 million bucks or so. Dodd, Frank, Raines, O'Neal all either remain in power or retired rich and out of jail. Would have been easier to put the thieves out of business for good. The system is stronger than you think, Ted, have a little faith! Quit succumbing to fear, be an optimist!