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

To: Nadine Carroll who wrote (127118)	4/16/2011 6:05:43 PM
From: Broken_Clock	Read Replies (2) \| Respond to of 132070

LOL. How does one justify spending half the budget on imperialistic wars?

To: Nadine Carroll who wrote (127118)	4/16/2011 6:49:49 PM
From: Skeeter Bug	2 Recommendations Read Replies (1) \| Respond to of 132070

nadine, do you see how the "revolving door" is used for a very wealthy class of people to commit crimes without every going to jail? matt taibbi discusses it here... youtube.com the community reinvestment act was small potatoes. it surely wasn't "the cause" as the commercial real estate blew up and it had NOTHING to do with CRE. Knighty is right that greenspan and bernanke were the primary visible reasons for the collapse. he's also wrong to blame glass-stegal solely on the republicans - and he know it. he just can't help lying - and this picture makes clear why he's lying. connect.in.com clinton is sitting back, smiling - ever so proud of himself. he knew he was doing EVIL, which is why he waited until the very end of his tenure as president to sign off the axis of evil's wishes... clinton loved rescinding glass-stegall... and signing the commodity futures modernization act that enabled them to float $600-$1600 TRILLION in derivatives - much of which is still outstanding and, when it goes off, AMERICA IS SUNK. KNighty is right the repbulicans are crooks, but he lies about the democrats by excluding their acts of evil. they both work for the same people and you know what their bosses want due to the "continuity of agenda" between administrations. let me help out of the bipartisan issues that only get worse regardless of party... 1. assault on civil liberties and the constitution. 2. privatized profits, socialized losses for the oligarch class. 3. Ponzi debt money. 4. Cover for the Federal Reserve's criminal law breaking. 5. Endless wars that benefit the oligarch's corporate fronts at the expense of the treasure and the children of the American people. 6. Wide open borders. 7. Attacks on gun laws. 8. Attacks on privacy laws. 9. harassing people who protest the criminality of the war mongering kleptocracy. 10. Cover for the financial white collar criminals who committed millions of fraud crimes. 11. Cover for the banks as they lie about documentation and present fraudulent documents in order to fraudulently try and foreclose on Americans - regardless of political affiliation. the cause of the credit bubble is right here... market-ticker.denninger.net without the fed taking money and credit aggregates parabolic to GDP, nothing else would have been possible since the debt money wouldn't have been available in the first place! another Knighty deception is the idea that Greenspan is the top guy. Or bernanke. they work for a private cartel of banks. they are the show piece, but they don't make the rule. they get paid to execute the policies of the private financial interests who, together, own and control the federal reserve and its employees. Knighty knows this. but he's acting as the curtain for the wizard that stands behind it. the Big Capital wizard.

To: Nadine Carroll who wrote (127118)	4/16/2011 7:05:47 PM
From: Knighty Tin	1 Recommendation Read Replies (1) \| Respond to of 132070

The Subprime market collapse was not as bad as the prime market collapse, which continues even today, and, more importantly, the leveraging and packaging of garbage rated AAA. Obama arrived very, very late at this party. The GOP had been scamming America with it for its Wall Street bosses for more than a decade. No regulation on Wall Street bankers was their cry and they got it. In spades. Thank you, Republicrooks and the Democrats who abetted their crimes should also be hanged.

To: Nadine Carroll who wrote (127118)	4/16/2011 7:39:12 PM
From: carranza2	1 Recommendation Read Replies (1) \| Respond to of 132070

Nadine, the Fed's easy money policies played an enormous part, too. It was a perfect storm of greed and stupidity, one in which the following factors all played a part: The Fed's easy money policies; Wall St.'s increasingly complex instruments; repeal of Glass-Steagall; the incredibly naive notion that the greediest and least principled people on the planet would properly regulate themselves; the failure of regulatory agencies; the Commodity Futures Modernization Act; the rating agencies failure to apply their own standards; the capture of academic economists by Wall St.; the consumer who knew he could not pay on the kinds of mortgages which were shoved down his throat; the capture of Congress by Wall St.; the silly notion that we can fight hugely expensive wars while incurring bail-out debt, etc. The bailouts of course did not help. Certainly not the way they were administered with recipients such as the Real Wives of Wall St. being handed literally hundreds of millions in non-recourse loans. Many of these conditions still persist. The leadership's failures during the meltdown may well have put us over the abyss.