Franks told the banks to lend money to the poor that he knew they cuold never pay back. Laugh all you want, but try to read up and educate yourself.

__________________
Not many people know this, but I'm really famous!

When someone is willingly robbed another words give them their money and pleads ignorance afterwards then it’s not their fault?

That’s the problem with liberals is no one is responsible for their own actions.

And why won’t you deal with the root of this problem? The huge loses that the pensions plans took during the Dot Com bubble?

well, since you are in the know, explain for us how "The huge loses that the pensions plans took during the Dot Com bubble" is responsible for this financial meltdown

__________________
long standing member

There have been wiser men than Diogenes
- but they were too wise to be noticed.

“Men occasionally stumble over the truth, but most of them pick themselves up and hurry off as if nothing had happened.”
Winston Churchill

Here's what I hope.

I hope that every Republican running for office has the honesty and decency to say what you just said.

Look the camera in the eye and say, "Well, sure, there MIGHT have been some greed and lack of proper oversight and regulation. But if those POOR people hadn't ASKED for those loans in the FIRST place... if they HADN'T been lured by all those clever ads telling them they could own a house for less than what they were paying in rent, and if they had actually READ the very small, fine print in 14th grade legalese that they couldn't possibly understand without help from a lawyer -- they would have known better. So this whole mess is CLEARLY the fault of the poor."
Of course, they may BELIEVE this... as clearly YOU do. But they'd never have the balls to SAY so in public!

__________________
Channeling the "Inner Conservative."

TRUCKLOADS OF TRUTH!

A Politcal Blog by Billy Big Rig

Today: The Code Word for Today is "USURPER!"

__________________
"1492. As children we were taught to memorize this year with pride and joy as the year people began living full and imaginative lives on the continent of North America. Actually, people had been living full and imaginative lives on the continent of North America for hundreds of years before that. 1492 was simply the year sea pirates began to rob, cheat, and kill them."

Kurt Vonnegut, Breakfast of Champions

He just gave you a lesson you didn't want to learn...you know, like your mommy and daddy used to do.

__________________
One Nation, Indivisible, with Liberty and Justice Forever.

Bush Darwinism-survival of the unfittest

Capt. Paul and Sea Shepherd forever!!

Silly little men trying to convince the board that they are smarter than everyone else are amusing.

__________________
Not many people know this, but I'm really famous!

Not "than everyone else..."

__________________
Channeling the "Inner Conservative."

TRUCKLOADS OF TRUTH!

A Politcal Blog by Billy Big Rig

Today: The Code Word for Today is "USURPER!"

When Clinton took office he fired all of the attorney generals in all the states and replaced them with his cronies. He replaced all the heads of the regulatory agencies with his cronies and then told everyone not to enforce any business laws.

Among business the 90's was know as the no rules 90's. The Dot Com scam happened because the investment banks/brokers realized that they could get away with anything they wanted. They funded do nothing companies with no product, no sales, no anything in exchange for large blocks of stock. They then took these companies public telling everyone that these companies are the greatest thing since sliced bread. They ran the stock up as high as they could and dumped their shares. The analysts who work for the investment banks lied through their teeth on TV but of course the news never checks facts anymore and doesn’t care about the truth.

When the Dot Com Scam collapsed many billions of dollars where lost most from the pension funds in this country. When the republicans took control of congress they passed a law saying that the pension funds have to be fully funded by a certain time. The pension funds simply devalued their funds and obligations.

The housing crisis and the run up in oil is a desperate attempt by the pension funds (though the hedge funds) to recover enough money so they can meet their obligations when the baby boomers retire. Right now the money is not there.

The hedge funds where engaged in naked short selling which drove down the vaule of the companies that held supbrime paper. Short selling of any kind has been banned in both the US and London exchanges. The hedge funds have huge short positions that are going to come due in the next few days. They are going to lose huge money. This of course means that the pensions funds are going to lose huge money.

When you see an anylist on TV he is there only to promote whatever his company is trying to sell. Or to drive a stock higher after his company bought it at a lower price. This is one part of the problem.

Again, a lot of accusations and no "facts" to back them up.

__________________
Channeling the "Inner Conservative."

TRUCKLOADS OF TRUTH!

A Politcal Blog by Billy Big Rig

Today: The Code Word for Today is "USURPER!"