Throckmorton
Lifer
- Aug 23, 2007
- 16,830
- 3
- 0
This is very true, but for some reason, this isn't getting any play at all in the press. Despite Pelosi trying to pin the tail on the Bush, this is a case where a single party's values and actions have had a catastrophic effect on the global economy... yet so many people are either blind to it, or can't handle facing it.
I'm not saying McCain is the answer - he's not. I'm not saying Republicans are the answer. I'm saying that doling out the American dream as if it's some God given entitlement is a fucking stupid thing to do.
This is because the mass media like cnn and etc love Obama and his ideal to the point that they are not reporting twhat is really going on but rather of what they think. Complete Bias.
Which is it? He's another big government, spend more, the government will do it all type of politician. He's no one special.
Ummm...you should know by now that Fox News or Business almost NEVER reports true facts. Try CNBC or Bloomberg instead for business.
umbrella39
Lifer
- Jun 11, 2004
- 13,819
- 1,126
- 126
Sorry, but exactly how is this true???
Please be specific...obviously the Fox report is bogus (Obama wasn't in the Senate at the time, and it was (if you recall) Alan Greenspan who was pushing for subprime variable rate mortgages then (especially when Irrational Exuberance became popular).
What Obama was pushing for was affordable housing in Chicago...it's a bit of a stretch to call that the pre-cursor to the sub-prime collapse.
BTW...he wasn't working for any part of the Federal Government at the time.
I don't think it matters if he was in the senate or not. He was trying to get people in homes that shouldn't be. Granted, it is a noble effort, but it is not good business.
- Aug 23, 2003
- 25,375
- 142
- 116
McCain, on the other hand, was a senator when he violated ethics standards in the Keating Five scandal.
And he's fought for deregulation for his entire 26 year career in the senate. Not a noble effort.
Obama is a gangster lawyer from Chicago. His wife is also a Left lawyer from Chicago. Do we need to embrace another presidency full of lawyers so we can be lied to. Everything Obama says is a lie.
Vic
Elite Member
- Jun 12, 2001
- 50,415
- 14,305
- 136
Too bad all of that is a lie.
Every single poster here with banking industry experience, including myself, has come out and exposed that crap as a ridiculous partisan lie a dozen times over, and yet you spoonfed wingnuts keep lapping up and puking out this ridiculous propaganda.
Bull-fucking-shit.
Yaknow what ACORN has always called subprime lending? Predatory lending. They literally did coin that term. And fought lawsuit and lawsuit against the practice of lending to people more than they could afford.
The so-called "subprime" that ACORN did push for were relatively modest expansions of Fannie/Freddie and FHA approvals, usually in select neighborhoods and always for borrowers with solid documented income. These loans, called "My Community," "Timely Payment Rewards," and "Expanded Approval" perform today just as good as prime loans. IOW they have nothing in common with the so-called "toxic" subprime mortgage loans that caused all this.
That lawsuit that Obama played an incredibly minor role in the 90s was a case of DOCUMENTED racial discrimination, where Citi was caught routinely denying black applicants with identical qualifications to white applicants that they were approving. Are you saying you endorse such practices?
And additionally, it wasn't "McCain's bill," it was Hagel's bill. McCain co-sponsored it for all of like 3 days before withdrawing his support. It died in a Republican-dominated Senate committee, and its purpose was not to "reform" Fannie/Freddie but to almost completely deregulate them (in particular, to remove HUD as Fannie/Freddie's regulatory body).
Yaknow, anyone with a computer and internet access could find out the truth of these issues within minutes. The fact that these ridiculous crap lies just keep getting repeated over and over again from the McCain camp just goes to show why that ticket must not be allowed to win. Admittedly, I could be a much bigger fan of the other side, but the nuts fueling the McCain camp will believe and spread any lie that supports their agenda, and that kind of immorality does not deserve any influence in the White House.
Well, I should have said, "you are watching Fox News and believing what they say... That's the problem."
CallMeJoe
Diamond Member
- Jul 30, 2004
- 6,938
- 5
- 81
He probably doesn't understand what "redlining" really means; he just knows that Fox News told him the problems started when Barack Obama and his life-long friend Bill Ayers founded ACORN and started suing innocent companies being forced to make bad loans by the Communists who wrote the Fair Housing Act.
- Jul 19, 2001
- 38,572
- 2
- 91
Try again. Here's a good site by a regional paper;
http://politifact.com/truth-o-...nalities/barack-obama/
# True 47 (47)
# Mostly True 28 (28)
# Half True 28 (28)
# Barely True 16 (16)
# False 22 (22)
# Pants on Fire 1 (1)
http://politifact.com/truth-o-...onalities/john-mccain/
* True 28 (28)
* Mostly True 25 (25)
* Half True 22 (22)
* Barely True 27 (27)
* False 28 (28)
* Pants on Fire 7 (7)
So, tell me now, who seems to be lying more?
It does matter...
While it's true that he was trying to get them low cost housing, none of the loans was being earmarked as collateral for the bonds that collapsed. In other words, they had nothing to with the economic problems we're having. Those problems came from mortgages that people assumed were in good shape but that weren't (different scenario).
Jesus Christ on a fucking STICK jp, not every fucking thread needs to turn into "oh yeah, well McCain was involved with Keating!!!11"
We fucking get it. Are we allowed to talk about Obama without you getting all up in a tizzy that McCain isn't getting enough slam time?
You're like a broken fucking record.
Vic
Elite Member
- Jun 12, 2001
- 50,415
- 14,305
- 136
That depends on if you're looking to talk about Obama or to slime him. If it's the latter, then jpeyton sliming McCain is just another broken record among dozens sliming Obama.
We could discuss the issues and legitimate merits of either candidate. But every time some tries that, some McCain supporter slimes Obama with yet another "he caused the subprime crisis" or "he pals with terrorists" or "he's a Chicago gangster" bullshit. So if someone like jpeyton turns it around and brings up the Keating 5 or one of Palin's many follies, I might not approve of it any more than I do the Obama slimes, but turnabout is fair play, now isn't it?
edit: and oh look, you're sliming that lie in your sig even. :roll:
MovingTarget
Diamond Member
- Jun 22, 2003
- 8,999
- 109
- 106
No. I wouldn't really call them debates, either, considering their lack of content/exchange/actual arugments. The first two "debates" were decent, but this last one was enough for me to never even bother to watch another "town-hall" format debate again. It was nothing but a Q&A clusterfuck without any real rebuttals or in-depth discussion of the issues - just spewed talking points.
What we needed was a real debate without all the restrictive format rules. We need more in quantity as well as quantity as well. How can you expect someone's opinion to be set or even change when the plethora of issues aren't given more than a cursory discussion?
What we needed was a real debate without all the restrictive format rules. We need more in quantity as well as quantity as well. How can you expect someone's opinion to be set or even change when the plethora of issues aren't given more than a cursory discussion?
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