US News
US government to take over Fannie Mae, Freddie Mac (Roundup)
Sep 7, 2008, 2:39 GMT
On the Web
Similar articles
- Bank of America returns to profit in 2011 on streamlining efforts
- Citigroup profits fall by 11 per cent in Q4 year-on-year
- JPMorgan Chase fourth-quarter profits drop 23 per cent
- Citigroup to cut 4,500 jobs
- Citigroup posts 3.8 billion Q3 gain
Latest Headlines in US
- 1. Extension of payroll tax holiday sails through US Congress
- 2. Reports: Man hoping to attack Capitol caught in sting operation
- 3. US fighter jets intercept plane flying close to Obama helicopter
- 4. PREVIEW: Stars, fans and cameras set for Whitney Houston's funeral
- 5. Hollywood's sad story: Stars ruined by prescription drugs
Older Talkback
page: 1
...the officers would be in jail.
300 billion, unfunded.
see i told you sp4 is a great teacher.
listen and you will learn people.
The problem is:
The jesus head president needs to continue the elusion of solvency so that his legacy is not one of destruction and ruination.
Bush, with his conquest of jesus, bankrupt the U.S. and sucked the equity out of its disposable assets. Now the next jesus head:
www.youtube.com/watch?v=9H-btXPfhGs
wants to go after the remaining disposable assets to fund the war effort. Soon they will have to start decommissioning public land and selling it at auction, to the Chinese probably.
Imagine, the U.S. federal government bankrolling the stupidity that is Fannie Mae. Anyone with a little economic sense knew this was coming years ago. Even the government and Fannie Mae execs knew it was coming. It is just that the government and those execs wanted to tap out the underutilized equity to fund the economy for the war effort.
In a quest to bring the word of jesus, people do the most obscene things. Fannie Mae simply followed the lead of the 10 trillion dollar federal deficit. The U.S. federal government has set a new measure for greed, conquest, and destruction and illusion.
'..the officers would be in jail.'
Sorry to burst your bubble SP4, but you need another history lesson. The Savings and Loan Crisis was very similar and resulted in little if no jail time for the officers. Here is one of the reasons why:
Silverado Savings and Loan collapsed in 1988, costing taxpayers $1.6 billion. Neil Bush, son of then Vice President of the United States George H. W. Bush, was Director of Silverado at the time. Neil Bush was accused of giving himself a loan from Silverado, but he denied all wrongdoing.
Financial imprudence runs in the family.
The current situation is par for the course in the Bush family. I agree they SHOULD go to jail, including the president, however accountability is not a word Bush knows.
'The jesus head president needs to continue the elusion of solvency so that his legacy is not one of destruction and ruination.'
You really hate Jesus, don't you? Typical.
Here kiddo, give it some thought:
www.apostatesofislam.com
Why Mohammed was not a prophet:
One who claims to be a messenger of God is expected to live a saintly life. He must not be given to lust, he must not be a sexual pervert, and he must not be a rapist, a highway robber, a war criminal, a mass murderer or an assassin. One who claims to be a messenger of God must have a superior character. He must stand above the vices of the people of his time. Yet Muhammad’s life is that of a gangster godfather. He raided merchant caravans, looted innocent people, massacred entire male populations and enslaved the women and children. He raped the women captured in war after killing their husbands and told his followers that it is okay to have sex with their captives and their “right hand possessions” (Quran 33:50) He assassinated those who criticized him and executed them when he came to power and became de facto despot of Arabia. Muhammad was bereft of human compassion. He was an obsessed man with his dreams of grandiosity and could not forgive those who stood in his way. Muhammad was a narcissist like Hitler, Saddam or Stalin. He was astute and knew how to manipulate people, but his emotional intelligence was less evolved than that of a 6-year-old child. He simply could not feel the pain of others. He brutally massacred thousands of innocent people and pillaged their wealth. His ambitions were big and as a narcissist he honestly believed he is entitled to do as he pleased and commit all sorts of crimes and his evil deeds are justified.
'You really hate Jesus, don't you?'
I love jesus.
I simply acknowledge that people use the name of jesus and their religion to kill muslims and operate a war:
www.youtube.com/watch?v=9H-btXPfhGs
at any cost, including loss of life and trillions of dollars in debt. I label those people 'jesus heads', but I could also call them: 'gobble goobers'. Oops, I just made that up, but is appears I might offend someone with that, so lets call them: 'aflactic mobidopies'.
America does not kill muslims.
We only kill our enemies.
Oh yeah, and the enemies of our friends.
'America does not kill muslims. We only kill our enemies.'
Yes ... I understand SP4: It is just that a muslim is occupying the protoplasmic based vessel that you call the enemy.
So, I suppose that when the muslim is released from the protoplasmic based vessel then it floats to heaven and is greeted by jesus:
'He who believes in the Son has eternal life; but he who does not obey the Son will not see life, but the wrath of God abides on him.' John 3:36
And if the muslim passes the test then it can come into the fold, otherwise jesus does your dirty work for you.
Great, SP4, that is really .... er ... nice of you, I suppose (NOT!).
Quit fooling yourself SP4.
'I simply acknowledge that people use the name of jesus and their religion to kill muslims and operate a war:'
Yet you never hijack a thread on a financial institution to seethe and whine that muslims are murdering others in the name of their region.
' I label those people 'jesus heads', '
The difference is the Bible says 'thou shall not kill' and the koran says kill, kill, kill...
'It is just that a muslim is occupying the protoplasmic based vessel that you call the enemy.'
So if theyare bent on terrorizing and subjugating humanity they should be left alone because you share the same religion? Nope.
''He who believes in the Son has eternal life;'
Where does Jesus advocate killing anyone? Mohammad did.
KORAN commands to kill infidels:
Allah is an enemy to unbelievers. - Sura 2:98
On unbelievers is the curse of Allah. - Sura 2:161
Slay them wherever ye find them and drive them out of the places whence they drove you out, for persecution is worse than slaughter. - 2:191
Fight against them until idolatry is no more and Allah's religion reigns supreme. (different translation: ) Fight them until there is no persecution and the religion is God's entirely. - Sura 2:193 and 8:39
Fighting is obligatory for you, much as you dislike it. - 2:216
(different translation: ) Prescribed for you is fighting, though it is hateful to you.
..... martyrs.... Enter heaven - Surah 3:140-43
If you should die or be killed in the cause of Allah, His mercy and forgiveness would surely be better than all they riches they amass. If you should die or be killed, before Him you shall all be gathered. - 3:157-8
You must not think that those who were slain in the cause of Allah are dead. They are alive, and well-provided for by their Lord. - Surah 3:169-71
Let those fight in the cause of God who sell the life of this world for the hereafter. To him who fights in the cause of God, whether he is slain or victorious, soon we shall give him a great reward. - Surah 4:74
Those who believe fight in the cause of God, and those who reject faith fight in the cause of evil. - 4:76
But if they turn renegades, seize them and slay them wherever you find them. - 4:89
Therefore, we stirred among them enmity and hatred, which shall endure till the Day of Resurrection, when Allah will declare to them all that they have done. - 5:14
O believers, take not Jews and Christians as friends; they are friends of each other. Those of you who make them his friends is one of them. God does not guide an unjust people. - 5:54
Make war on them until idolatry is no more and Allah's religion reigns supreme - 8:39
O Prophet! Exhort the believers to fight. If there are 20 steadfast men among you, they shall vanquish 200; and if there are a hundred, they shall rout a thousand unbelievers, for they are devoid of understanding. - 8:65
It is not for any Prophet to have captives until he has made slaughter in the land. - 8:67
Allah will humble the unbelievers. Allah and His apostle are free from obligations to idol-worshipers. Proclaim a woeful punishment to the unbelievers. - 9:2-3
When the sacred months are over, slay the idolaters wherever you find them. Arrest them, besiege them, and lie in ambush everywhere for them. - 9:5
Believers! Know that idolators are unclean. - 9:28
Fight those who believe neither in God nor the Last Day, nor what has been forbidden by God and his messenger, nor acknowledge the religion of Truth, even if they are People of the Book, until they pay the tribute and have been humbled. - 9:29 (another source: ) The unbelievers are impure and their abode is hell. (another source: ) Humiliate the non-Muslims to such an extent that they surrender and pay tribute.
Whether unarmed or well-equipped, march on and fight for the cause of Allah, with your wealth and your persons. - 9:41
O Prophet! Make war on the unbelievers and the hypocrites. Be harsh with them. Their ultimate abode is hell, a hapless journey's end. - 9:73
Allah has purchased of their faithful lives and worldly goods, and in return has promised them the Garden. They will fight for His cause, kill and be killed. - 9:111
Fight unbelievers who are near to you. 9:123 (different translation:
Believers! Make war on the infidels who dwell around you. Let them find harshness in you. (another source: ) Ye who believe! Murder those of the disbelievers....
As for those who are slain in the cause of Allah, He will not allow their works to perish. He will vouchsafe them guidance and ennoble their state; He will admit them to the Paradise He has made known to them. - 10:4-15
Allah has cursed the unbelievers and proposed for them a blazing hell. - 33:60
Unbelievers are enemies of Allah and they will roast in hell. - 41:14
When you meet the unbelievers, smite their necks, then when you have made wide slaughter among them, tie fast the bonds, then set them free, either by grace or ransom, until the war lays down its burdens. - 47:4
(different translation: ) When you meet the unbelievers in the battlefield, strike off their heads, and when you have laid them low, bind your captives firmly.
Those who are slain in the way of Allah - he will never let their deeds be lost. Soon will he guide them and improve their condition, and admit them to the Garden, which he has announced for them. - 47:5
Muslims are harsh against the unbelievers, merciful to one another. - 48:25
Muhammad is Allah's apostle. Those who follow him are ruthless to the unbelievers but merciful to one another. Through them, Allah seeks to enrage the unbelievers. - 48:29
Prophet! Make war on the unbelievers and the hypocrites and deal sternly with them. Hell shall be their home, evil their fate. - 66:9
The unbelievers among the People of the Book and the pagans shall burn forever in the fire of hell. They are the vilest of all creatures. - 98:51
It goes on and on like this. This is what lance wants you to believe is a religion of peace.
'This is what lance wants you to believe is a religion of peace.'
I hardly speak for islam or christianity.
I merely observe that people of both faiths are using their religion to support and make war:
www.youtube.com/watch?v=9H-btXPfhGs
and also to make peace. It just so happens that, at this time in history, the Republican party, and the U.S. presidency, has been taken over by 'aflactic mobidopies':
www.youtube.com/watch?v=9H-btXPfhGs
The American Republic returns on September 11, 2008, Revised
The American Republic
A Letter to The United States Congress and to The American People
Americans have lost their way by choice and coercion propagated by those that wish to have it all. Americans that have plenty are not bothered by the confusion and rape of the land and its people. The Americans that outnumber the wealthy are the ones that suffer in America. The idea of a Republic of America was an original perfect form of government. The ones that made the choice to write on paper their ideas for a perfect form of government were themselves imperfect. The document called the Constitution is a promise on paper and in spirit to Americans to protect and to serve Americans, our Nation with truth. That has not happened, thus the discord and confusion within our nation to Americans.
Our Nation, our Homeland has been sold, raped, and ravaged by many outsiders and insider traitors, which have allowed our eagle our National symbol to be locked in a cage with little sustenance. Our Star our symbol of truth has been buried in the sand with the trash of other nations.
This is not acceptable, and will be resolved.
Our current Congress has forsaken our nation by giving little and taking so much for themselves and their financial supporters. Congress has allowed Capitalist Businesses from within and out to take over our Nation and rule by the power of selfish money and lies.
Our Great and once powerful Military are ruled by those that give false and deceptive orders coupled by untruthful commands. They, the soldiers of our fortunes are engaged in ambiguous battle campaigns fighting under and for False Flag counter intelligence fueled by deceptive propaganda rhetoric. Human lives on all sides are dying for the few that have lost their way thru choice.
Our President, our leader of our Nation has with his advisors and financial empire brokers reinforced the ultimate crime to humanity by lying to himself, his family and his country. Our business leaders have lied to our Nation and prostituted our ingenuity to others for unnatural profit.
There are too many Americans that have some or little or none, and that Ladies and Gentlemen is not acceptable. Congress and others have failed to provide even the basics for our Nation to thrive. Too many selfish secrets, many which are known amongst a few, are tearing our Nation and Planet apart. By allowing those that know what lies behind the looking glass, to control the masses at will is an affront to GOD.
There is too much advertised hatred and racial prejudice fed by ignorance and choice. Religions have taken front seat to freedom and truth, thus confusing those that wish to know the truth, by self-choice.
On September 11, 2008, in Los Angeles, California, United States of America, we Americans can and will make a choice to free our Eagle from its cage of captors, allowing it to be stronger and fly higher than ever before, and unearth and restore our Star to its rightful brilliance from the sand of trash of other Nations, and take back our country from those that have stolen it from us all. Annuit Copetis.
We have learned from the past, and we have learned from the present, now we will make a choice to either continue with America as is, or Change America to a True Republic that truly represents the sincere interests of its people and other Nations. It is not an impossible task to overcome; all it takes is an honest choice and the will to sacrifice.
We are a Legion of many, who will live a life of peace, and have respect for all living things, while having considerations for those who are different, and look for ways to truly accommodate those who are slow in understanding.
We support the poor, helpless, and defenseless people. We support the freedom of Women, we support the sane treatment of animals and the environment, and we support the freedom of religion and expression. We do not support ignorance, period.
We are a growing nation of people that encourage all Americans to become part of the New American Republic!
CHANGE FOR AMERICA FOR AMERICANS!
NOVUS ORDO SECLORUM
Judah Ben-Hur, Sui Juris
Ambassador
The American Republic
Diplomatic Mission: North America
A Sovereign Republic
What do religious overtones have to do with Fannie Mae?
'What do religious overtones have to do with Fannie Mae?'
With religion you can justify anything. There is no rhyme nor reason. You can fight a fictitious enemy while bankrupting a nation. You can suck equity out of people's houses, infuse that into the economy and collect taxes from it to fund a holy war. It all fits together into the master plan of world domination and spreading christian values throughout the world. President Bush just needed a few trillion dollars more to [try to] execute his vision. Fannie Mae was simply an agent of 'aflactic mobidopies' to help out with the process.
'I merely observe that people of both faiths are using their religion to support and make war:'
No, because there is no basis in one 'faith' to make war. What you you deliberately ignore though your attempts to try to equate someone who is advocating that people pray for the troops and the success of their mission and someone who orders his minions to fly aircraft full of people into buildings full of people is that Islam condones violence toward the people who do not believe in it and Christianity does not.
'. It just so happens that, at this time in history, the Republican party, and the U.S. presidency, has been taken over by 'aflactic mobidopies':'
I think you just want Obama elected because he wont fight back as vigorously as McCain will the next time we are attacked by your fellow practitioners of the religion of peace. And they will... Because the Koran tells them to do so.
'With religion you can justify anything. There is no rhyme nor reason.'
There is no need to 'justify' killing the infidel when mohammad commands it.
'ou can fight a fictitious enemy '
So there is no islamist threat.. You would just love it if we were to believe that, wouldn't you?
'You can suck equity out of people's houses,'
That's Crazy, that's all. Just crazy.
't all fits together into the master plan of world domination and spreading christian[sic] values throughout the world.'
You have got to be kidding.
There have been deadly islamist atrocities in: India and the Sudan and Algeria and Afghanistan and New York and Pakistan and Israel and Russia and Chechnya and the Philippines and Indonesia and Nigeria and England and Thailand and Spain and Egypt and Bangladesh and Saudi Arabia and Ingushetia and Dagestan and Turkey and Morocco and Yemen and Lebanon and France and Uzbekistan and Gaza and Tunisia and Kosovo and Bosnia and Mauritania and Kenya and Eritrea and Syria and Somalia and California and Kuwait and Virginia and Ethiopia and Iran and Jordan and United Arab Emirates and Louisiana and Texas and Tanzania and Germany and Australia and Pennsylvania and Belgium and Denmark and East Timor and Qatar and Maryland and Tajikistan and the Netherlands and Scotland and Chad and Canada and China and Nepal and the Maldives and Argentina and Angola and everywhere else they bump into a infidel...
So who is trying to dominate and spread their 'values'?
'Fannie Mae was simply an agent of 'aflactic mobidopies' to help out with the process.'
Add basic economics to common decency to the concepts that escape you.
The hypothesis, presented years ago, that christians soldiers would loose and islamist soldiers would win based on the strategy of bankrupting the U.S. is one step closer to reality with Fannie Mae insolvent.
Bush's strategy of spending any amount of money to win is proving to be a bust. Fannie Mae provided the means for that strategy and is just one player in the game.
We'll see how the next few years turns out. If the dumb ass economists believe in perpetual bleeding, or if they can figure out how to balance a checkbook (yes, it is that simple).
So far, they can not balance a checkbook, something that a complete moron can do if given the proper constraints (lack of a credit card).
'The hypothesis, presented years ago, that christians soldiers would loose and islamist soldiers would win based on the strategy of bankrupting the U.S. is one step closer to reality with Fannie Mae insolvent.'
Firstly the hypothesis you quote is from bin laden.
Secondly, the housing bubble has about as much to do with the wars that was inflicted on us by your fellow carpet kissers as the internet bubble did.
Thirdly, rabid animals who blow themselves to pieces in order to murder civilians because they are kuffar are not 'soldiers' they are terrorists.
Fourthly as a percentage of GDP what we have spent on these wars is trivial, especially compared to the last time we were attacked on US soil. Of course at Pearl Harbor there was less of a loss of American life and it was an actual military target instead of civillians going to work... but it still resulted in the destruction of the enemies who attacked us and the ideologies that prompted them to do so.
'Bush's strategy of spending any amount of money to win is proving to be a bust.'
You didn't learn US civics or basic economics in your madrassah I see. Congress aproves budgets, the president just signs or vetos them. Also; the money that is being piled on to our debt isn't from war spending. Indeed much of that finds it's way back in to the US economy through taxes and broadening the industrial base. What is bankrupting the country is waste and entitlement spending. (Obamas solution? More waste and entitlement programs) That isn't driven by bin laden, it is driven by congress/stupid polititions/people not holding them accountable.
If we go bankrupt it wont be his fault it will be ours.
...we are strictly non-secular on the issue of enemy. America, after all, has conquered racial, ethnic and religious biases. We have strong laws and the fairest racial equality laws on the planet.
We feel free to kill anyone we deem the enemy, and all under the mantle of the fairest justice system in the world. After all, why restrict ourselves?
Their stock market SUCKS
Their real estate market IS FILLED WITH GREEDY PEEPS
Their airline industry needs a BAILOUT
Their auto industry is begging for FEDERAL HELP
And Fanny and Freddy are going TO BE POO PEE
So there is a profound financial crisis involving the mortgage instituyions that has been going on unnoticed by your neocons (remember SP4 saying time upon time 'our economy is going through the roof '?)
When the truth is finally hitting you in the eye ,some other neocons start a digression on Islam ,carefully trying to take the fuse out of the situation and involving islam into this hotchpotch .
I thought that Freddie Mac functioned exactly as it was meant ,as a guarantee to private banks tha outstanding debts made by private contractors to the banks would be paid by your government .It was created for exactly that purpose .Now that the banks are facing a lot of unpaid mortgages and the market does not allow them to make enough money out of repossessing those houses because real estate property has collapsed in value ,they want this guarantees given by the US gvernment to function for them .You can hardly blame the administrators of Freddie Mac as SP4 does for that .They are not responsible for the crisi o course .But then who is ?Who hands out these risky credits to potential owners and promi sses them more and more credit based on the rising value of real estate during all the previous years ?Right ,you guessed it ,the very same banks that now are profiting from the measures taken by your government .What is now happening is that all the profits of previous decades are staying with the banks and now that the situation has gotten critical you folks are left to pay the losses .THis the capitalist version nationalization:as long as profits can be obtained,go for it,if the system overheats and explodes,give the bill to the taxpayer .And of the course the banks are laughing,and of course simpletons like SP4 will find a scapegoat for it.
'I thought that Freddie Mac functioned exactly as it was meant ,as a guarantee to private banks tha outstanding debts made by private contractors to the banks would be paid by your government'
You are probably thinking of the 'Federal Reserve Banks' or perhaps the FDIC. Freddie Mac is NOT an insurance agency.
Freddie Mac (is suppose to) buy conforming loans from other banks and hold those loans in a very secure setting.
The key is: 'conforming loans', which means loans with known collateral and a sound ratio of assets to debt. The Federal government regulated Freddie Mac, like a utility company, to make sure that happened.
The problem arose when the Federal government itself started making bad financial decisions and allowed others to do so to. They have been doing it for years, essentially to 'look good'. It is a form of 'pyramid game', directed by Bush and his policies. It can all be traced to Bush who changed a government from a secular, scientific one to a religious, mythical one where money could come from nowhere, or as the saying goes: from trees.
Everyone jumped on the bandwagon of getting money from trees (borrowing against non-existing equity and assets), following the direction and tone of Bush, and here we are.
Bush did so out of greed of the 'aflactic mobidopies'. He wanted to be right at any cost and did not want to compromise his point of view by lack of money.
People that suffer from great financial problems, such as huge debt, are often mentally ill and out of touch with reality.
Better go read the charter Tonny. The Fannies were set up to buy mortgages and provide a sound mortgage trading base, self-sustaining, not to overstack their portfolios with bad loans and then run to the US general fund every ten years.
The officers lobbying to this Libnazi controlled congress only made things worse, with the Countrywides stuffing their bad loans into Fannie like a f--king pie eating contest, facilitated by the Obamas, and the Dodds of Congress who got below-rate 'personal' loans. Fannie could have aid no, but, after all, the Dodds, and the waxmans and the Obama's delivered...right?
Golly, what a surprise.
The others followed and Fannie overstated it's portfolio's strength, a move that, if they were simply a publicly held company, they'd be in the slammer right now.
I guess you've never heard of Enron...how about sarbanes-Oxley? Go study them Tonny and get back to us, would you? Pity Congress does not live under the laws they pass for the rest of us.
Now, the feds cough up $300,000,000,000 and Bush signs the f--ker. God, this man has no fear of that f--king pen, but I wish he'd lock that thing up for a few days at a time. Nonetheless, what's he going to do?...markets are already up over this, seeing this as good news.
Golly, do I ever feel better. This, and a $300 billion unfunded farm bill a $35 billion health insurance giveaway...all unfunded....what a stellar record of Pay-go for the dems!
This is indicative of the failing system in the good 'ol US of A. It may have worked for a few decades but in the 21st century it obviously no longer does.
Hence, the socialist actions by the Bush regime to 'bail out' a failing Freddie Mac and Fannie Mae. Now they are pondering in the US congress whether to nationalize Freddie and Fannie.
And the American press as mouth piece of the evil empire asserted that countries such as Venezuela, Ecuador, Bolivia, and Russia were nationalizing companies as populist and socialist actions by 'authoritarian' governments.
Seems that America itself is following in those countries their footsteps.
That's right GWB....LONG LIVE SOCIALISM!!!!!!!!
..it'd work just fine, if congress had done it's job on oversight, instead of speding their time spanking Roove and Gonzales, and each preceding president had not ignored it to.
Once again, here is a plate of sh-t handed to Bush, who correctly, koterized the situation before it cascaded into something even larger, if thats even possible.
Bush, pilloried for every corporation has has come in contact with, bails out silently, a real corporate scandal, gagged by the press with no accountability from it's creditors (us..) after their political allies reap huge rewards in below-rate loans, like Frank, Obama, Dodd, etc. Don't get me wrong, the gop is responsible for some of this too.
So go back, pour yourself a drink and get out the KY because you are about to get sodomized.
to not engage in lending schemes - that was why he tore up the temple - but where are all the so called christians when it comes to the evils of lending and investing?
They are 2 of the most anti-christian activities one can engage in.
what's more, we now have 8 years with the stock market now at 1999 levels, 11,270 plus or minus, and yet we had eights years of record profits.
And now Freddie and Fannie we find out are big contributors to Obama. They want taxpayers to pay for a bailout of homeowners who overbought and even foreign investors, on our backs and the back of our children and grandchildre.
Both parties have their hands dirty though. No one will tax the very few people who can afford to pay taxes. Neither party is out there saying we need to bring back the property tax and this time do it for second and third homes.
Can you see either party even suggesting that those with the msot property should be in the highest property tax bracket?
The whole thing is totally corrupt.
and see who will pay the bill. It won't be the top 5% and it won't be the lower class. It will be the upper middle class and the lower upper class, neither of whom have enough money for their own expenses these days. For God's sake even the doctors and lawyers and just making enough to pay their bills.
another Bush class act?
It's already DEAD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
SP4 why do you even bother commenting on things you don't understand at all ? Why the hell should the executives of those companies be put in jail for doing exactly what they have been paid for .By the way this whole unhealthy situation is in no wayto be blames on Bush alone .The basis was set by Reagan when he took all barriers away in the financial markets to allow the banks to make more profit .It is only simpletons like SP4that try to put the blame on the poor people unable to pay thei debts to the banks .Reality has it that the banks lobbied your republican consecutive governments to release all the barriers that prevented most people from overspending .As long as the banks ot richer and richer they opposed every form of control.Now that the whole thing has collapsed and they are unable to collect,they just turn to the tax payer and collect .
It takes in simpleton like SP4 to understand nothing from reality .Wasn't he the one claiming that 'the US economy was going throuhg the roofs ' after all ?Not exactly a person I would think as being in touch with reality .The whole 'hurray,we win' he derives from the Iraqi war might serve as an example :attack a country that has nothing to do with your september 11 attack,introduce Al Quaida where it never was,and finally when you drag yourself of your self created misery,climb on the dung hep and crow victory ,that is what he is doing .Who is brainwashed ?
page: 1
Your Talkback on this Story