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Blazewada
Pilla Bewarse
Username: Blazewada
Post Number: 221
Registered: 08-2008
Posted From: 192.193.160.8
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 10:30 pm: |    |
ACORN Members Call on Congress, Feds to "Bail Out Main Street, Not Just Wall Street"
http://www.acorn.org/index.php?id=12439&tx_ttnews[ tt_news]=22341&tx_ttnews[backPid]=12340&cHash=9dde ce295d
 |
2008
Pilla Bewarse
Username: 2008
Post Number: 600
Registered: 05-2006
Posted From: 138.32.32.166
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 2:29 pm: | |
dems double game aduthunnaru baa.. they know the problem exists but they tried to cover it and they did not help in containt the problem.. and just before election they started using it..
ilati vallani yem nammutham baa repu white house loki poyina tharuvatha |
Pda
Celebrity Bewarse
Username: Pda
Post Number: 23941
Registered: 06-2006
Posted From: 129.138.250.120
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 2:29 pm: | |
2008 :PEDA baa yendukochina godava repubs ki support cheyyii.
nuvvu nenu evarni support sesina aathu kooda raladu.. okka vote kooda influence cheyyalem
Italian Mafiaso appi pda nayakudu@copy rights reserved |
2008
Pilla Bewarse
Username: 2008
Post Number: 599
Registered: 05-2006
Posted From: 138.32.32.166
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 2:28 pm: | |
peda baa john mccain 2002 lone freddie mac & fannie mae ni regulate cheyyali annadu house laa.. dems appudu antha bagane vundi ani oppose chesaru.. |
2008
Pilla Bewarse
Username: 2008
Post Number: 598
Registered: 05-2006
Posted From: 138.32.32.166
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 2:27 pm: | |
Senator Obama has accused me of opposing regulation to avert this crisis. I guess he believes if a lie is big enough and repeated often enough it will be believed. But the truth is I was the one who called at the time for tighter restrictions on Fannie Mae and Freddie Mac that could have helped prevent this crisis from happening in the first place.
Senator Obama was silent on the regulation of Fannie Mae and Freddie Mac, and his Democratic allies in Congress opposed every effort to rein them in. As recently as September of last year he said that subprime loans had been, quote, “a good idea.” Well, Senator Obama, that “good idea” has now plunged this country into the worst financial crisis since the Great Depression.
To hear him talk now, you’d think he’d always opposed the dangerous practices at these institutions. But there is absolutely nothing in his record to suggest he did. He was surely familiar with the people who were creating this problem. The executives of Fannie Mae and Freddie Mac have advised him, and he has taken their money for his campaign. … |
2008
Pilla Bewarse
Username: 2008
Post Number: 597
Registered: 05-2006
Posted From: 138.32.32.166
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 2:26 pm: | |
PEDA baa yendukochina godava repubs ki support cheyyii... obama gadu baga theda manishi baa.. US lo taxes dexngi africa thesukupotharu motham.. }
nallode president kavali ante inkokadini chudochu |
2008
Pilla Bewarse
Username: 2008
Post Number: 596
Registered: 05-2006
Posted From: 138.32.32.166
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 2:25 pm: | |
Obama supporters chant “NO USA” at Palin rally
“NO USA” Chants in Carson City defining moment in Election ‘08
www.rightsidenews.com/200810062147/culture-wars/-n o-usa-chants-in-carson-city-defining-moment-in-ele ction-08.html
On weekends when even Internet giants like the Drudge Report and FoxNews.com seem to be on skeleton staff, theodoresworld.net is wide awake. So it was courtesy of Theodore’s World, sent to Canada Free Press by stalwart Dave Hollenbeck, that we got to see what I consider to be, the defining moment of Election ‘08.
The throngs who showed up to see and hear Republican Vice President candidate Sarah Palin were chanting, “USA! USA!”
Obama supporters on the same scene fomenting for revolution were chanting “No USA! “No USA!”
In that moment in Carson City, the difference between John McCain and Barack Obama supporters could not have been any starker.
But as usual when the mainstream media covered the story, it was only to turn it around.
Carson City, Calif. is the place where Palin went on the attack, starting on Obama’s connection to domestic terrorist William Ayers and others, to a wildly cheering crowd.
Don’t expect to see any alarms raised about the “No USA!” chant by the mainstream media. They were too busy reporting on the Bruce Springsteen “Bush Bash” going on at the same time in Philadelphia. |
Pda
Celebrity Bewarse
Username: Pda
Post Number: 23940
Registered: 06-2006
Posted From: 129.138.250.120
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 2:19 pm: | |
2008 :antha pedda attack cheyyalante minimum 5 years aina plan chestharu.. adi sangathi..
kochens nuvve esukoni answers nuvve seppukoni itta bhavaprapthi pondutunnava
Italian Mafiasoappi pda nayakudu@copy rights reserved |
Tingari_xx
Mudiripoyina Bewarse
Username: Tingari_xx
Post Number: 7182
Registered: 08-2006
Posted From: 205.157.110.11
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 2:19 pm: | |
If you had purchased $1,000 of AIG stock one year ago, you would have
$42 left.
With Lehman, you would have $6.60 left.
With Fannie or Freddie, you would have less than $5 left.
But if you had purchased $1,000 worth of beer one year ago, drank all
of the beer, then turned in the cans for the aluminum recycling
REFUND, you would have had $214.
Based on the above, the best current investment advice is to drink heavily and recycle.
It's called the 401-Keg.....
}
For everything , there is a first time and next time |
2008
Pilla Bewarse
Username: 2008
Post Number: 595
Registered: 05-2006
Posted From: 138.32.32.166
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 2:18 pm: | |
nevu yenni aina cheppu baaa...
dems chala lenient ga vuntaru when it comes to national security... evadu country loki vachina pattinchukoru.. evarevaro vasthunnaru aa mexican borders cross chesi illegal gaa...
repubs chala better when it comes to national security.. |
2008
Pilla Bewarse
Username: 2008
Post Number: 594
Registered: 05-2006
Posted From: 138.32.32.166
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 2:17 pm: | |
peda baa short time looo cheyyaleru kada baa... appudeu kada bush gadu vachhindi... planning eppati nuncho velthundi baaa clinton years nunche..
antha pedda attack cheyyalante minimum 5 years aina plan chestharu.. adi sangathi.. |
Pda
Celebrity Bewarse
Username: Pda
Post Number: 23937
Registered: 06-2006
Posted From: 129.138.250.120
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 2:15 pm: | |
2008 :asala 9/11 ki responsibility dems
 itta tayarayyav endi baa
Italian Mafiasoappi pda nayakudu@copy rights reserved |
2008
Pilla Bewarse
Username: 2008
Post Number: 591
Registered: 05-2006
Posted From: 138.32.32.166
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 2:14 pm: | |
asala 9/11 ki responsibility dems ... planning eppati nuncho jaruguthundi.. neglect chesaruuu.. transition lo vundaga vesesaru |
2008
Pilla Bewarse
Username: 2008
Post Number: 590
Registered: 05-2006
Posted From: 138.32.32.166
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 2:13 pm: | |
>.you are full of surprises 2008 mama
DON mama maku theladu malla emaina mainland meeda attack jarigina 9/11 tharuvatha.. |
2008
Pilla Bewarse
Username: 2008
Post Number: 589
Registered: 05-2006
Posted From: 138.32.32.166
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 2:11 pm: | |
>.Sub prime is jargon for people with bad or avg credit history. Usually this group wouldn't be eligible for housing loans. But as there is too much money to lend, realtors and mortgage bankers lend the money to this group.
A couple making 75G per year bought a 450G home without a down payment in SoCal. No income verification! How is this possible? Here comes the different types of Mortgage Products. ARM (Adjustable Rate Mortgage) is one of them. With this kinda mortgage, lenders can pick their payments for the first 3 years. Obviously people paid interest only for the first 3 years. And then the Bankers used all the Predatory Lending practices.
IDIGO ilati cases lo freddie mac fannie mae and ACORN yentha damage cheyyalo antha chesayy |
2008
Pilla Bewarse
Username: 2008
Post Number: 588
Registered: 05-2006
Posted From: 138.32.32.166
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 2:10 pm: | |
biggu garu layman terms lo cheppanu nenu andariki ardham kavali gada..  |
Bignole
Mudiripoyina Bewarse
Username: Bignole
Post Number: 8216
Registered: 03-2004
Posted From: 161.225.1.12
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 1:56 pm: | |
freddie fannie lu loans ivvadam kooda start seyannamata ee madhya kalam lo
Lakshallo Okkadni ....Laksha mandhiki okkadini |
Pda
Celebrity Bewarse
Username: Pda
Post Number: 23935
Registered: 06-2006
Posted From: 75.173.142.21
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 1:54 pm: | |
Don :you are full of surprises 2008 mama
maa baa ni rechagodithe iyyala nee demise ye
Italian Mafiasoappi pda nayakudu@copy rights reserved |
Don
Mudiripoyina Bewarse
Username: Don
Post Number: 6743
Registered: 12-2004
Posted From: 192.12.78.250
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 1:46 pm: | |
2008 :lepothey yendi baa prathi daniki bush ani gola.. vadem pekuthadu...prathi daniki.. inko attack lekunda chusadu chalada
you are full of surprises 2008 mama 
 |
Maanas
Celebrity Bewarse
Username: Maanas
Post Number: 10193
Registered: 08-2006
Posted From: 122.169.129.5
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 1:46 pm: | |
Pda :naa janma dhanyam baa dhanyam
We Have Arrived!!! |
2008
Pilla Bewarse
Username: 2008
Post Number: 587
Registered: 05-2006
Posted From: 138.32.32.166
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 1:45 pm: | |
clinton time lone start ayyindi anta ee ledning problem freddiemac fannie mae lo.. aa time laa minorities ki illu anta baga... ippatiki bayata padindi.. |
Don
Mudiripoyina Bewarse
Username: Don
Post Number: 6742
Registered: 12-2004
Posted From: 192.12.78.250
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 1:43 pm: | |
2008 mama.. just pulling your leg 
ok, here is one of my close friend's take on this in his/our blog
As I see it, these're the causes.
Insanely low interest rates from 2004 to 2006
Sub prime Lending
Predatory Lending
Derivatives
Lack of Regulation
and the Housing bubble burst.
Low Interest Rates
Post 9/11 Fed decreased the rate consistently. And from Jun '03 to Jun'04 the rate is 1%. Alan Greenspan advocated that rate cut would help the Housing. But too much cash flow to bankers made'em look out for more people to lend their easy money.
Sub prime Lending
Sub prime is jargon for people with bad or avg credit history. Usually this group wouldn't be eligible for housing loans. But as there is too much money to lend, realtors and mortgage bankers lend the money to this group.
A couple making 75G per year bought a 450G home without a down payment in SoCal. No income verification! How is this possible? Here comes the different types of Mortgage Products. ARM (Adjustable Rate Mortgage) is one of them. With this kinda mortgage, lenders can pick their payments for the first 3 years. Obviously people paid interest only for the first 3 years. And then the Bankers used all the Predatory Lending practices.
Predatory Lending
So Bankers convinced this public that they can refi or sell their house after 3 years if they can't afford the payment. But apparently they're not informed that they can't refi the home before 3 years. So after 3 years the teaser rates ended and the real payments kicked in. As many people didn't pay any Principal in the first 3 years, you can imagine how much the monthly payments would go up. Now this public couldn't get their homes refinanced coz of the credit crunch, new lending standards and the phenomenal loss of house values. Even though the borrowers are really foolish, Mortgage lenders had intentionally hidden these details in their paper work.
Derivatives
As there is risk in all the sub prime loans, these loans we're sliced and repackaged as Derivatives ans sold all over the world. this reduces the risk to lending firm. The problem here is that no one really knows, which toxic loan effects a derivative. When Fed was trying to convince Goldman Sachs and Morgan Stanley AIG, they couldn't figure out how many toxic derivatives are in AIG books and how they would be affected.
And they backed out. Warren Buffer once called'em Weapons of Mass Destruction. Here's a pic which shows how loans are packaged into Derivatives. (Courtesy wikipedia)
These Derivatives are the main reason for Bankruptcy of walls st firms. As the housing foreclosures are increasing, these derivatives are losing their value. Panic on the wall st brought down the share value. It's just another illustration of Domino effect.
Lack of Regulation
Every year Wall st contributes millions of dollars to both party funds every year. In return they get no regulation or regulation of no use. This is the Free capitalism at it's best. When the street is making profit, they lobbied for lower taxes on Capital gains and got the 15% tax rate and tax cuts. Now they got the bail outs. AIG is just an insurance company. But it got involved into Derivatives trading and insurance. Reason, no regulation.
Dick Fuld, CEO of Lehman Bros got 180 Mil in compensation last year. CEOs of Freddie Mac and Fannie Mae got the golden parachutes on their compensation package already. Thank God, Fed fired'em already and the chances that they'll get any severance package are very low. I saw Henry Paulson's and Bloomberg's take on CEO pay on Meet the Press this morning. watch it here
Like all good things, Housing Bubble came to an end in 2007. Home Prices're in Free fall mode. Bankruptcy of sub prime mortgage companies signaled the incoming financial storm. Apparently we saw that very late.
http://some-ramblings.blogspot.com/2008/09/wall-st -fubar-2.html
|
2008
Pilla Bewarse
Username: 2008
Post Number: 586
Registered: 05-2006
Posted From: 138.32.32.166
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 1:43 pm: | |
lepothey yendi baa prathi daniki bush ani gola.. vadem pekuthadu...prathi daniki.. inko attack lekunda chusadu chalada |
Kalki
Bewarse Legend
Username: Kalki
Post Number: 23097
Registered: 04-2005
Posted From: 66.162.130.202
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 1:42 pm: | |
naakudu gaadiki andaman poyyi roju deggaraki occhinattu undi
U can deFART now .. or people will kick U offf  |
2008
Pilla Bewarse
Username: 2008
Post Number: 585
Registered: 05-2006
Posted From: 138.32.32.166
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 1:42 pm: | |
peda baa ACORN vallu bankers ni bhaya petti loans ippistharu anta |
Pda
Celebrity Bewarse
Username: Pda
Post Number: 23934
Registered: 06-2006
Posted From: 75.173.142.21
Rating:
Votes: 1(Vote!) | | Posted on Monday, October 06, 2008 - 1:41 pm: | |
2008 :peda baa correct ga cheppav..
 naa janma dhanyam baa dhanyam
Italian Mafiasoappi pda nayakudu@copy rights reserved |
2008
Pilla Bewarse
Username: 2008
Post Number: 584
Registered: 05-2006
Posted From: 138.32.32.166
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 1:40 pm: | |
peda baa correct ga cheppav.. bush yem pekuthadu cheppu.. vellaki oorake ivvali inka money.. |
2008
Pilla Bewarse
Username: 2008
Post Number: 583
Registered: 05-2006
Posted From: 138.32.32.166
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 1:39 pm: | |
don mama oorike bush ni anaku sami prathi daniki.. iraq war annaru baganew vundi..
sub prime crisis ki vadem chesthafduu thokka lodi.. janala ki vundali budhhi |
Tingari_xx
Mudiripoyina Bewarse
Username: Tingari_xx
Post Number: 7181
Registered: 08-2006
Posted From: 205.157.110.11
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 1:38 pm: | |
Don :
fannie,fredie fiasco matram dems de tappu mama..reps emo crisis lo vunde company ni JPM ki chance dorikithe free ga ammestaru vallabba sottu ainatlu
For everything , there is a first time and next time |
Pda
Celebrity Bewarse
Username: Pda
Post Number: 23933
Registered: 06-2006
Posted From: 75.173.142.21
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 1:38 pm: | |
Answer is americans spend more produce less
Italian Mafiasoappi pda nayakudu@copy rights reserved |
2008
Pilla Bewarse
Username: 2008
Post Number: 582
Registered: 05-2006
Posted From: 138.32.32.166
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 1:36 pm: | |
evadiki padithey vadili housing loans ippinchi... denemma vallu default aithey bush antaredni sami... janalaki commonsense vundatla roju rojuki...
freddie mac fannie mae evadiki padithey vadiki icharu loans whether they can pa back or not ani chudakunda.. ippudu default aithey bush gurthukochada.. janalu gorrelu lekka thayaru ayyaru.. vadu illu konnadu vedu konadam.. vediki sthomatha vundo ledo chusukokundaa..
evadenni P lo analysis chesina bottom pt idi thokkalodi.. simple evvadiki padithey vadiki loans icharu/ippincharu.. ippudu vallu defaulty ayyaru.. |
Don
Mudiripoyina Bewarse
Username: Don
Post Number: 6741
Registered: 12-2004
Posted From: 192.12.78.250
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 1:34 pm: | |
2008 :
house ni control chesedi dems akkada.
adi gata 1.5-2 yrs nunchi.. antaku mundi evaru chesetollabba?
|
Pda
Celebrity Bewarse
Username: Pda
Post Number: 23932
Registered: 06-2006
Posted From: 75.173.142.21
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 1:33 pm: | |
Naatu :konchem obama gaadni support chesi aadu raakundaa choodu
 not even in your wildest dreams
Italian Mafiasoappi pda nayakudu@copy rights reserved |
2008
Pilla Bewarse
Username: 2008
Post Number: 581
Registered: 05-2006
Posted From: 138.32.32.166
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 1:33 pm: | |
apandi sodi matladithey bush antaru ignoranta k malle..
current sub prime crisi ki reason ACORN freddie mac aithey... sodi.. konchem ekkadaina details chudandi matladithey bush bush ani gorrelekkana aravadam kadu..
house ni control chesedi dems akkada. |
Naatu
Kurra Bewarse
Username: Naatu
Post Number: 1290
Registered: 03-2004
Posted From: 192.44.136.113
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 1:24 pm: | |
nakudu mama idhivaraku hillary ni support cheesi gudipinchaadu, ippudu GOP ni support chesi gudipisthunaadu, babu nakudu, konchem obama gaadni support chesi aadu raakundaa choodu
AP govt next bailout is CCT |
Don
Mudiripoyina Bewarse
Username: Don
Post Number: 6740
Registered: 12-2004
Posted From: 192.12.78.250
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 1:21 pm: | |
Bignole :Don mama correction.. It's not Palin giving lap dances
It's naakudu baa who isgiving laps
Big mama
|
Nandamurinbk
Yavvanam Kaatesina Bewarse
Username: Nandamurinbk
Post Number: 3795
Registered: 06-2004
Posted From: 98.207.107.227
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 1:19 pm: | |
Edi emina ee quarter chala kastam ga untundi andariki.
Proud to be NBK fan. |
Bignole
Mudiripoyina Bewarse
Username: Bignole
Post Number: 8215
Registered: 03-2004
Posted From: 161.225.1.12
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 1:13 pm: | |
Don mama correction.. It's not Palin giving lap dances
It's naakudu baa who isgiving laps
Lakshallo Okkadni ....Laksha mandhiki okkadini |
Srntrfan2006
Pilla Bewarse
Username: Srntrfan2006
Post Number: 203
Registered: 10-2006
Posted From: 146.122.73.114
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 1:09 pm: | |
I know this is going to happen after electing bush 2ed term.
Dula terala. |
Don
Mudiripoyina Bewarse
Username: Don
Post Number: 6739
Registered: 12-2004
Posted From: 192.12.78.250
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 1:02 pm: | |
ivanni emo kaani..
basic ga republicans baaga M pettaru le andariki..
thokkalo iraq war emo kaani.. sodhi naayallu.. prampanchaanni d'ga bedutunnaru..
porapaatuna mccain thata vaste.. inka araachakam ga tayaaravutundi economy.. emi adigina war hero ni POW ni.. ani answer istaadu sodi naayali..
ika foreign policy emo kaani.. vachina leaders ki palin tho lap dances veyinchu adukkovaali veellu..
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Pda
Celebrity Bewarse
Username: Pda
Post Number: 23929
Registered: 06-2006
Posted From: 129.138.250.120
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 12:56 pm: | |
Italian Mafiasoappi pda nayakudu@copy rights reserved |
2008
Pilla Bewarse
Username: 2008
Post Number: 580
Registered: 05-2006
Posted From: 138.32.32.166
Rating:N/A
Votes: 0(Vote!) | | Posted on Monday, October 06, 2008 - 12:52 pm: | |
How did America get into this mess?
———————————————
1. ACORN: is a radical organization that was directly and indirectly responsible for the intimidation of bankers which caused them to make large numbers of improvident loans to ineligible homebuyers, and pass that risk off to the Federal Government (Fanny Mae + Freddie Mac–or fanny mac and freddy mae per Bambi).
(N.B.> ACORN is the orgainiztion that helped spawn Obama). Greed was also a factor.
2. Wall Street Greed: all the bundling, the speculation, and the profit taking. Now the demand that taxpayers bail them out for their notorious schemes. (N.B. Barack Obama is Wall Steets Man. Last time I checked he received four times the amount of contributions from them that Hillary or McCain did. Obamas mentor Soros was a big time speculator in mortagages a few months ago and I would be surprised if he did not profit handsomely from short selling–that is his mo.)
3. Fanny Mae cover-up: when it Raines it pours. Pours millions of taxpayer severance dollars into the bank account of former Fannie Mae executive now Obama advisor Franklin Raines. Pours billions of dollars of bad debt liablitity into the pockets of ordinary Americans.
4. Congressional Inaction: as noted, Enron was a Republican probem, but the dimocrats who supported Obama over Hillary own this one lock, stock and barrel. When Hillary, McCain and Secretary Snowe foresaw the megapoliitcal disaster on the horizon they proposed proactive steps to deal with it. They were thwarted by Wall Street darling Pelosi, Countrywide whore Dodd, and obviously others. True to form, Senator Obama took no action. Was this malfeasance or misfeasance? You decide. (N.B. these so-called public servants led the support of Obama against Hillary before and after she tried to preempt this disaster).
5. Corrupt Media: res ipsa locitur (the thing speaks for itself). This subject has been treated elsewhere and no one who has eyes to see and ears to hear can claim ignorance of the problem. They ignore a problem until it becomes a problem and then they fan the flames of panic to favor their own agenda. When the stop telling two sides to a story they become a totalitarian tool. (N.B. in this case, they have promoted the false narrative that the mortgage crisis favors democrats but if they told the truth people would realize that the dimocrats who support Obama and their allies are primarily responsible for it and the thousands of misfortunes that follow.)
6. Worst Finacial Disaster: lets hope not. Lets hope this is all media hype, that the seven hundred billion dollar bailout will stabilize markets. However, it is noteworthy that the Europeans are now choking on it. What haunts me is the statement by the former Japanese foreign minister who presided over their 15 year recession when their housing bubble et al broke. Once you clear this mountain and look ahead as far as the eye can see is the Himilayas. Let us hope that is an overly pessimistic assessment. (N.B.> Barack Obama and his associates and congressional supporters bear responsiblity here.)
7. Shock Doctrine. If he becomes President he will assume extra constitutional authorities to deal with this problem, play the race card with impunity, and silence his enemies just as he has done in the democatic party. Not alot of dissent out there now is there. They apparently support his truth squads in Missouri, etc. That is the risk. |
