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2008-09-28 Home Front Economy
A Memo Found in the Street (pdf)
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Posted by Nimble Spemble 2008-09-28 07:48|| || Front Page|| [1 views ]  Top

#1 Typical of wall street and current America. "It's not my fault". It IS wall street's fault. Not our Congress, they were just too stupid to see this comming. When 30% loans were allowed, I did not buy. My home loan is fixed and affordable, not an interest only or ARMM. Wall street needs to stand up and be accountable for their greed.
Posted by 49 Pan 2008-09-28 11:15||   2008-09-28 11:15|| Front Page Top

#2 ...they were just too stupid to see this coming.

Nah, there's a difference between being blind and looking the other way. Best Congress money can buy.
Posted by Procopius2k 2008-09-28 11:59||   2008-09-28 11:59|| Front Page Top

#3 rtwt. They weren' blind and they didn't look the other way. They were a prime contributor helping to spread the corruption. Think CRA, repealing Glass Steagal, failing to fix Fan and Fred, appropriating more for the Smithsonian than the SEC. The list goes on and on. They're as guilty as Wall Street. That's why Wall Street gives them so much money. Coongress of Whores led by the Slut of the House.
Posted by Nimble Spemble 2008-09-28 12:08||   2008-09-28 12:08|| Front Page Top

#4 In the last three days, conservatives have turned against this deal big time. While I generally agree that it is blackmail, and damned unfair, to make matters worse I will mention two things:

1) Treasury officials are saying if it doesn't happen, the stock market could lose 1/3rd of its value in short order. And,

2) It is unlikely it will work in any event.

So the big question is not really one of moral outrage. It is, "Will it work, and if not, then what?"

Ironically, this is only a rhetorical question, because it won't work. It is a band aid over a bullet hole.
Posted by Anonymoose 2008-09-28 12:20||   2008-09-28 12:20|| Front Page Top

#5 So the big question is not really one of moral outrage. It is, "Will it work, and if not, then what?"

Ironically, this is only a rhetorical question, because it won't work. It is a band aid over a bullet hole.


Because the problem is moral and the proposal doesn't address the problem. That's why moral outrage is an appropriate response.
Posted by Nimble Spemble 2008-09-28 12:22||   2008-09-28 12:22|| Front Page Top

#6 Many of these Congress Critters are like crack whores who will do anything to feed their habit. With these Congress Critters votes, money and power = crack. Not all of our Congress fits into this category but we should remember all that do on November 4th and then again, again, and again at each subsequent election until these Toxic Congressmen/women are removed from the taxpayer-financed Congress welfare roster.
Posted by JohnQC 2008-09-28 13:27||   2008-09-28 13:27|| Front Page Top

#7 Quit slandering crack whores, dammit
Posted by Frank G">Frank G  2008-09-28 13:30||   2008-09-28 13:30|| Front Page Top

#8 1) Treasury officials are saying if it doesn't happen, the stock market could lose 1/3rd of its value in short order.
That would be okay, short lived, and a great buying opportunity. Maybe if we spent the time it takes for the stocks to fall investigating who is at fault here, democrats, democrats, democrats, and democrat supporters, just maybe we can elect a responsible Congress in November.
This is the result of corruption and immoral behavior. Without a full accounting and corrective measures, nothing is gained. We are at opportunity's door and it is open.

Posted by lollypop 2008-09-28 13:36||   2008-09-28 13:36|| Front Page Top

#9 LOL Frank! You are right. I apologize to crack whores everywhere.
Posted by JohnQC 2008-09-28 13:59||   2008-09-28 13:59|| Front Page Top

#10 Congress needs to be jailed. Every one of the - or hung I don't care.

Then, term limits.

Then you can replace the personnell
Posted by Hellfish 2008-09-28 14:15||   2008-09-28 14:15|| Front Page Top

#11 Of our instruments of power, Diplomatic, Informational, Economic, and Military, we as a nation are broken on three fronts. Sad situation. JQC is right, Nov 4th is a very important day.
Posted by 49 Pan 2008-09-28 16:22||   2008-09-28 16:22|| Front Page Top

#12 Some of my best friends are crack 'hos.....
Posted by Alaska Paul  2008-09-28 17:51||   2008-09-28 17:51|| Front Page Top

#13 well, at least they aren't Democrat office-holders.
Posted by Frank G">Frank G  2008-09-28 17:55||   2008-09-28 17:55|| Front Page Top

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