Comments on: Change in Presidential Philosophy

By: STEVE

STEVE — Tue, 14 Oct 2008 00:22:55 +0000

BUY DEC FUTURES GOLD CONTRACT @ $839=== TAKE PHYSICAL DELIVERY=== IN DEC === CANT FIND GOLD FOR UNDER $ 1000 ON THE STREET=== CAN GET MINI CONTRACT @ COMEX=== CHECK GATA WEBSITE FOR DETAILS ===BEAT THEM @ THEIR OWN GAME!!!

By: roger

roger — Tue, 14 Oct 2008 00:07:15 +0000

Has anybody noticed that, while the McCain campaign spreads the meme that the crisis is all due to GSEs – Fannie Mae and Freddie Mac – the Republican administration has just, in effect, made the entire banking system a GSE? Wow, how’s that fur rightwing doctoring? Because GSEs are totally evil, the solution to the crisis is to … make thousand more of them. But really, I do love the GOP, I love the way they are standing up for total contradictions as being the centerpiece of policy. We’ve never had a party that represented our poor schizophrenics before, my friends. It is about time somebody did!

By: Mark E Hoffer

Mark E Hoffer — Mon, 13 Oct 2008 23:45:27 +0000

I have seen some posts here from Mark E. Hoffer on certain scenarios improbable to most (but not me), so I am trying not to be on pins and needles until January 20.

Posted by: CNBC Sucks | Oct 9, 2008 2:41:21 PM

CNBCS,

I don’t mind being referenced, though you could throw in an (e.g. _______ ) to pin it down some…

otherwise, as we’ve seen, it leaves the door open for a certain kind of ________ to walk through..

this, though:
Tyranny of the Incompetent.

Everywhere you look around you, you’ll see another clueless person who can barely tie their own shoes. We have enormous excess capacity in all walks of life, with only one person in ten who knows how to actually do anything and nine bullshit artists who work in public relations (aka “lying”).

Posted by: leftback | Oct 9, 2008 3:02:47 PM

Is, really, too much like Life..and peep are walkin around wonderin’ how 40% of their ‘value’ can disappear so quickly..

By: chad

chad — Mon, 13 Oct 2008 23:29:03 +0000

Hoover – Ritholtz 08

By: mik

mik — Mon, 13 Oct 2008 22:56:25 +0000

An article that reinforces Barry’s arguments against the slander regarding the CRA and the subprime and now credit crisis:

http://www.mcclatchydc.com/251/story/53802.html

Basically, 84% of the sub-prime loans made were by private lending institutions not subject to the CRA.

Posted by: viktor | Oct 13, 2008 4:33:21 PM

Facts are sooo yesterday.
So is ability to read.

Most (virtually all?) private lending institutions are subject to CRA and pressure from “community” groups.

Among 15 institution listed in that crappy article I recognize 13, all subject to CRA. Don’t know who are number 5 and 6.

By: mik

mik — Mon, 13 Oct 2008 22:42:39 +0000

From the same place other stuff with which I agree:

Senator Fritz Hollings

* “Let’s kill all the economists. They’re just glorified lobbyists.”
* “Get out of the Afghanistan and the Iraq wars, and get into the trade war.”

Michael Lind

* “Junk the borrow-and-consume model in favor of the invest-and-produce model.”

By: John Richard Wellman

John Richard Wellman — Mon, 13 Oct 2008 21:40:05 +0000

Paradox and leftback nailed my overall suspicions! Good work guys.

P.S. Even some conservatives like myself have a brain and exercise it on a regular, attempted partisan free basis.

By: debreuil

debreuil — Mon, 13 Oct 2008 21:09:43 +0000

“…and there’s McCain still claiming that trickle-down ReaganoThatcherNomics works”

It does work, just it trickles down to China, not middle class America.

By: Dr. Kenneth Noisewater

Dr. Kenneth Noisewater — Mon, 13 Oct 2008 21:03:43 +0000

Obama a Marxist? I thought he was a Muslim... No no no.. He's a Secret time-travelling Nazi muslim!!

By: ilsm

ilsm — Mon, 13 Oct 2008 21:01:32 +0000

John 2,

Do not confuse the issue.

Hitler was a socialist. The difference between Hitler and Lenin is Lenin killed the proerty owners, Hitler kept them and used them to run his economy, into the ground I would add.

Okay Churchill was too. Most of the feudal manor system was socialism. Ownership of the means pf production was not private not diverse.

What is the difference between serfs, wage slaces and members of commune? Not much.

As to current finance: Google mefo bonds and report back the differences between mefo bonds for Kruppe to build the war machine and the bond selling to rebuild the state capital system.

Government debt and fiat currency leads to socialism.

Only who runs it and who benefits are variable.

The unwashed huamn loses out all around.