REVRECK
someone said there was snow in iraq,liar
Joined: 11/30/2004
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Dems failed to act on the housing crisis, Shrub isnt good for much but he tried.
go ahead and spin libby sheep
Even slick willy says dems need to accept some responsibilitySlick Willy
And for MC
clickety
But the bill didn't become law, for a simple reason: Democrats opposed it on a party-line vote in the committee, signaling that this would be a partisan issue. Republicans, tied in knots by the tight Democratic opposition, couldn't even get the Senate to vote on the matter.
That such a reckless political stand could have been taken by the Democrats was obscene even then. Wallison wrote at the time: ``It is a classic case of socializing the risk while privatizing the profit. The Democrats and the few Republicans who oppose portfolio limitations could not possibly do so if their constituents understood what they were doing.''
Mounds of Materials
Now that the collapse has occurred, the roadblock built by Senate Democrats in 2005 is unforgivable. Many who opposed the bill doubtlessly did so for honorable reasons. Fannie and Freddie provided mounds of materials defending their practices. Perhaps some found their propaganda convincing.
But we now know that many of the senators who protected Fannie and Freddie, including Barack Obama, Hillary Clinton and Christopher Dodd, have received mind-boggling levels of financial support from them over the years.
Oh, and there is one little footnote to the story that's worth keeping in mind while Democrats point fingers between now and Nov. 4: Senator John McCain was one of the three cosponsors of S.190, the bill that would have averted this mess.
* This post was
edited 10/05/08 08:33pm by REVRECK *
Shut up bich!!
Don't like it here? Fine, I invite you to live somewhere else, i here theres plenty of room in the Middle east.
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Mainecat
Nice Kitty OUCH!!!
Joined: 05/15/2001
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Hey Revreck.....Explain what? THIS?
Kevin Hassett? Mmmmmmmm
Kevin Hassett is senior fellow at the think tank American Enterprise Institute where he directs economic policy studies. He regularly appears on Bloomberg Television. He advised President Bush in his campaign, and he currently serves as a senior economic adviser to the John McCain 2008 presidential campaign.
Oh he works for the McCain campaign....yeah that holds phuggin water...lmao
Hey McCain voted 22 times to de regulate the banks.
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REVRECK
someone said there was snow in iraq,liar
Joined: 11/30/2004
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MC,
Have you seen me endorse mcsaim other than saying I choose him as the lesser of the evils?
And it is not just the pubes saying that the dems blocked that legislation in a partisan move.
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Long time cat man
100 miles N. of Motor City
Joined: 01/22/2003
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And was Kevin Hassett ever a CEO of a large financial institution which went bankrupt?? No! And how about Obama's advisors like Franklin Raines who headed Fanny Mae or Penny Pritzker his finance chairwoman who headed Superior bank which also collapsed? And they pocketed tens of millions of cash which Joe taxpayer is now paying for. His life history revolves around radicals, crooks, and thieves. And he still associates himself with many of them.
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Mainecat
Nice Kitty OUCH!!!
Joined: 05/15/2001
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Long time cat man wrote:And was Kevin Hassett ever a CEO of a large financial institution which went bankrupt?? No! And how about Obama's advisors like Franklin Raines who headed Fanny Mae or Penny Pritzker his finance chairwoman who headed Superior bank which also collapsed? And they pocketed tens of millions of cash which Joe taxpayer is now paying for. His life history revolves around radicals, crooks, and thieves. And he still associates himself with many of them.
Corporate America is now getting the biggest tax break in history.
Its no ones fault but the banks.
If I make a bad business decision I go out of business...the end...over.
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SRX 440A
The Blue Midwest
Joined: 11/17/2004
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Long time cat man wrote:And was Kevin Hassett ever a CEO of a large financial institution which went bankrupt?? No! And how about Obama's advisors like Franklin Raines who headed Fanny Mae or Penny Pritzker his finance chairwoman who headed Superior bank which also collapsed? And they pocketed tens of millions of cash which Joe taxpayer is now paying for. His life history revolves around radicals, crooks, and thieves. And he still associates himself with many of them.
i heard Obama and Bin Laden play checkers on Sunday nights!
Oh my goodness! what will we do??????
The old throw shyt to the wall scare tactics ain't workin anymore fuzznuts-so forget it.
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REVRECK
someone said there was snow in iraq,liar
Joined: 11/30/2004
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SRX 440A wrote:Long time cat man wrote:And was Kevin Hassett ever a CEO of a large financial institution which went bankrupt?? No! And how about Obama's advisors like Franklin Raines who headed Fanny Mae or Penny Pritzker his finance chairwoman who headed Superior bank which also collapsed? And they pocketed tens of millions of cash which Joe taxpayer is now paying for. His life history revolves around radicals, crooks, and thieves. And he still associates himself with many of them.
i heard Obama and Bin Laden play checkers on Sunday nights!
Oh my goodness! what will we do??????
The old throw shyt to the wall scare tactics ain't workin anymore fuzznuts-so forget it.
You are the most loyal lib here, blind as hell to the chaos your boy osama brings.
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snoxraceteam
Upper Peninsula, Michigan
Joined: 10/01/2003
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Mainecat wrote:
Corporate America is now getting the biggest tax break in history. MC you can thank the democrats for that!
Mainecat wrote:Its no ones fault but the banks. that is a libs/socialists statement if I have ever heard one
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4th ski-doo
Chicago
Joined: 11/22/2001
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Rev, why bother. They will vote against the pubs anyways. I am not the biggest McCain fan but look at the situation. They will never, never, ever bend on this. Nothing, true or not will make these mopes realize what they are backing.
PLEASE Look at Chicago, Cook county politics before you put this clown in office. P......L.....E......A.......S......E!!!!!!!!!!!
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Long time cat man
100 miles N. of Motor City
Joined: 01/22/2003
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Mainecat wrote:Long time cat man wrote:And was Kevin Hassett ever a CEO of a large financial institution which went bankrupt?? No! And how about Obama's advisors like Franklin Raines who headed Fanny Mae or Penny Pritzker his finance chairwoman who headed Superior bank which also collapsed? And they pocketed tens of millions of cash which Joe taxpayer is now paying for. His life history revolves around radicals, crooks, and thieves. And he still associates himself with many of them.
Corporate America is now getting the biggest tax break in history.
Its no ones fault but the banks.
If I make a bad business decision I go out of business...the end...over.
Exactly........And Penny Pritzker was the CEO of Superior bank when it collapsed. I would say that makes her responsible for that institution. And it was the same for Franklin Raines.
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