Front Row Posted October 4, 2008 Share Posted October 4, 2008 (edited) Go figger. poop Killed by the enemy within.. Edited October 4, 2008 by Front Row Link to comment Share on other sites More sharing options...
evil_gop_liars Posted October 4, 2008 Share Posted October 4, 2008 I'm sure it was Clinton's fault. Link to comment Share on other sites More sharing options...
AtomicCEO Posted October 5, 2008 Share Posted October 5, 2008 It's like the 4th time someone has posted this. I think it's amazing that after Republicans controlled both houses of the legislature from 1995 to 2006, and controlled the Executive branch from 2000 to 2006... ... that someone has the absolute balls to say that the Democrats are at fault here. It shows an amazing gullibility and ability to swallow any piece of crap out there. How does it taste? Link to comment Share on other sites More sharing options...
SEC=UGA Posted October 5, 2008 Share Posted October 5, 2008 There is plenty of culpability to go around to each member of both parties. To genuinely determine where responsibility rests would require knowledge of each piece of legislation dealing with lending practices, fannie and freddie, bank regultions, etc... Going back to FDR. If any of you can say with certainty that you have delved into the minutae, riders, earmarks, language, etc, of each of these pieces of legislation and have looked at the votes of the members of each party on these pieces of legislation and have also taken into account each president's stance on said legislation, then you can ascribe blame to an individual party. If not, well, then you are looking at it through a partisan and uninformed lens. This is much like the rhetoric being thrown around in the debates, both McCain and Obama have voted against funding the war and both have voted for funding the war. The reasons the votes were cast in the manner in which they were was due to what was included in said piece of legislation. On the lending crisis, there are numerous actions by both the democrats and the republicans (or inaction) that has led to the current turmoil. Blame who you want, but a lions share of the problem rests in the greed of both the borrowers and lenders, as well as a great deal of ignorance on the behalf of borrowers. Link to comment Share on other sites More sharing options...
isleseeya Posted October 5, 2008 Share Posted October 5, 2008 It's like the 4th time someone has posted this. I think it's amazing that after Republicans controlled both houses of the legislature from 1995 to 2006, and controlled the Executive branch from 2000 to 2006... ... that someone has the absolute balls to say that the Democrats are at fault here. It shows an amazing gullibility and ability to swallow any piece of crap out there. How does it taste? ditto .... + 10000000000000000000000000000000000000000000000000000000000000000000 0000000000000000 Link to comment Share on other sites More sharing options...
wiegie Posted October 5, 2008 Share Posted October 5, 2008 I attended a panel discussion earlier this week in which the leadoff speaker addressed the question "How did we get here?" The speaker focused on three main areas (1) a glut of global liquidity in the early part of this decade looking for a place to go (which turned out to be American real estate), (2) the originate-to-distribute lending model (in which mortgages were originated and then sold off rather than being held by the same people who originated them; and (3) information problems concerning mortgage-backed (and related) assets. I trusted this speaker because he was handsome. Link to comment Share on other sites More sharing options...
Puddy Posted October 5, 2008 Share Posted October 5, 2008 I trusted this speaker because he was handsome. Was he also diminutive in stature Link to comment Share on other sites More sharing options...
CaP'N GRuNGe Posted October 5, 2008 Share Posted October 5, 2008 There is plenty of culpability to go around to each member of both parties. To genuinely determine where responsibility rests would require knowledge of each piece of legislation dealing with lending practices, fannie and freddie, bank regultions, etc... Going back to FDR. If any of you can say with certainty that you have delved into the minutae, riders, earmarks, language, etc, of each of these pieces of legislation and have looked at the votes of the members of each party on these pieces of legislation and have also taken into account each president's stance on said legislation, then you can ascribe blame to an individual party. If not, well, then you are looking at it through a partisan and uninformed lens. This is much like the rhetoric being thrown around in the debates, both McCain and Obama have voted against funding the war and both have voted for funding the war. The reasons the votes were cast in the manner in which they were was due to what was included in said piece of legislation. On the lending crisis, there are numerous actions by both the democrats and the republicans (or inaction) that has led to the current turmoil. Blame who you want, but a lions share of the problem rests in the greed of both the borrowers and lenders, as well as a great deal of ignorance on the behalf of borrowers. Well put. Link to comment Share on other sites More sharing options...
Azazello1313 Posted October 5, 2008 Share Posted October 5, 2008 I attended a panel discussion earlier this week in which the leadoff speaker addressed the question "How did we get here?" The speaker focused on three main areas (1) a glut of global liquidity in the early part of this decade looking for a place to go (which turned out to be American real estate), (2) the originate-to-distribute lending model (in which mortgages were originated and then sold off rather than being held by the same people who originated them; and (3) information problems concerning mortgage-backed (and related) assets. I trusted this speaker because he was handsome. it seems like you'd also have to look closely at the largely artificial inflation of the housing bubble, and the way governmental advocacy of home ownership (without adequate regard for the risks) factored into that. Link to comment Share on other sites More sharing options...
CaP'N GRuNGe Posted October 5, 2008 Share Posted October 5, 2008 it seems like you'd also have to look closely at the largely artificial inflation of the housing bubble, and the way governmental advocacy of home ownership (without adequate regard for the risks) factored into that. Like this? Link to comment Share on other sites More sharing options...
Perchoutofwater Posted October 5, 2008 Share Posted October 5, 2008 We got into this mess because we are now a welfare state. Since FDR government has continued to expand and expand to where it is now nothing like it was originally inteded to be. We have out of control spending on programs that used to be taken care of much more efficiently by charities that are now taken care by the government bureaucracy because it was politically expediant for politicians to pander to people. We now have a government that is tryingt o be everything to everybody instead of a government that was just ot protect our borders and regulate interstate commerce. We now have a country where 30% of the voters affectively have no tax burden, and where the top 10% of earners pay 90% of the tax burden. So we have effectively stiffled business growth and taking capital that should be paying for R&D for these companies or for capital improvements from the companies to pay for all the pork that our pandering polititicans pass to appease the masses. Link to comment Share on other sites More sharing options...
cliaz Posted October 5, 2008 Share Posted October 5, 2008 (edited) must i straighten this out again..... The government failed to turn the US into a police state through the terrorist attacks so they decided to institute the Patriot act. When that starting having issues, they discovered that Obama is the Anit-Christ so they took him from Kenya and pimped him up. Now we will have the biggest sh*t taking rights on the Global, our country will be run by the Anti-Christ so you know we'll permanently be the only super power on the globe......well until Hitler is raised from the dead to lead Israel to Iran to take over the Persian empire. But in all seriousness, we are in this mess because we live in a society based on Capitalism. Period. Edited October 5, 2008 by cliaz Link to comment Share on other sites More sharing options...
Front Row Posted October 5, 2008 Author Share Posted October 5, 2008 We got into this mess because we are now a welfare state. Since FDR government has continued to expand and expand to where it is now nothing like it was originally inteded to be. We have out of control spending on programs that used to be taken care of much more efficiently by charities that are now taken care by the government bureaucracy because it was politically expediant for politicians to pander to people. We now have a government that is tryingt o be everything to everybody instead of a government that was just ot protect our borders and regulate interstate commerce. We now have a country where 30% of the voters affectively have no tax burden, and where the top 10% of earners pay 90% of the tax burden. So we have effectively stiffled business growth and taking capital that should be paying for R&D for these companies or for capital improvements from the companies to pay for all the pork that our pandering polititicans pass to appease the masses. Indeed ; articulate one. Link to comment Share on other sites More sharing options...
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