Comments on: DeMint V. Lindsey On Federal Bailout

By: Brad

Brad — Fri, 31 Oct 2008 15:49:08 +0000

VOTE BOB CONLEY!!!!! TIME TO GET RID OF THE BACK STABBING WEASELING LOW-LIFE LINDSAY GRAHAM!!!!!!!

By: Big, Bad Bailout Sails Through Senate :: FITSNews

Big, Bad Bailout Sails Through Senate :: FITSNews — Thu, 02 Oct 2008 04:23:46 +0000

[...] there, taking a break from all the nanny state-sponsored pandering to take a few shots at U.S. Sen. Jim DeMint, who to his credit stood firm and voted against the [...]

By: rick

rick — Wed, 24 Sep 2008 20:51:44 +0000

Wow, such witticisms Stroker. With such a grasp of the mundane, I’m certain you’ll eventually be able to hire someone to do you’re comedy routine for you. Until then may I pass a bit of advice….quit looking at the results and begin looking for the causation of the issue. Oh, and by the way, this piece of advice is good for business as well as politics…..Oh, but you knew that right? With your ability at critical thinking, I hope your wife or partner make the big decisions.

By: rick

rick — Wed, 24 Sep 2008 18:27:44 +0000

James, there are few innocent parties in this mess. When you throw the slop to the hogs, all will feed. An unregulated stream of cash draws all that know how to take advantage of it.
As far as Jim DeMint, maybe he’s trying to slow this process down to give people time to think. Quick, less than thoughtful action will do more to harm the situation than help it. People a panicking and thats a sure road to ruin. Has anyone thought out what this would do to our currency as a whole. Further devaluation of the dollar? More debt to unfriendly governments?
Did anyone check out section 8 of this plan, from what I understand, Paulson et.al will have sole control over use of the funds with no oversite whatsoever. I try to be honest, but I think that giving me sole control over this much money would cause me to forget my honesty….at least a few hundred million worth.

By: Stroker Ace

Stroker Ace — Wed, 24 Sep 2008 18:18:37 +0000

but apparently you need spell check

By: rick

rick — Wed, 24 Sep 2008 18:15:07 +0000

Aw gee stroker, you mean you got your loan the same as I did? Now how about telling the part about the changes in the lending rules and how Freddie and Fannie pressured the mortgage industry into giving loans against their will to anyone who could sign their names with anything other than an X. Gee, and it was all Republicans that used a system that the Dems changed because of so called RED LINING. I’m glad you’re able to run your business in a constructive honest manner and I salute you for the personal integrity. But if the banking rules that we worked under hadn’t be loosened and if the federal government had done their oversite, this wouldn’t have happened. You’re correct that everybody had their hands in the cookie jar, but the truth is…until the changes in the LAW everyone played the same way and nobody was entitled to a loan that couldn’t qualify after the banking industry did their DUE DILIGENCE. Stupid is stupid and when you’re giving shit away don’t believe that there are not those that will keep coming back for more and more and more until there is nothing left. Human nature sucks but we work with what we got. And think about it….every time the Dems have something on the Repubs they call a press conference….where’s the press conference? The only time the Dems are silent is when the world is about to dump on them…And stoker, I don’t need to, I have quicken…moron

By: Brandon

Brandon — Wed, 24 Sep 2008 14:09:54 +0000

If all the fuss is about avoiding gridlock for finacial institutions to be able to borrow and lend…then why not make the money available to SOLVENT banks who have shown real due dilligence in lending. This would keep thing moving and let the **** hit the fan. We’ve go too many banks as it is.

Im with DeMint.

By: well

well — Tue, 23 Sep 2008 19:01:28 +0000

Married man is scary. Not to mention homophobic.

By: Been there-done that

Been there-done that — Tue, 23 Sep 2008 18:43:24 +0000

I thought I was alone in my thoughts on Miss Graham. Glad to know there are others who feel the same way I do.

By: James

James — Tue, 23 Sep 2008 18:32:36 +0000

I hate to jolt the Limbaugh/Hannity/Levin talking point kool-aid, but fair is fair:

The republicans (in name only) had ample opportunity to rein this boondoggle in during their years of having control of Congress and the White House. I suspect little was done since their member districts were reaping the benefit of new subdivisions. Unfortunately, the houses were mortgaged on a foundation of sand – sub-prime mortgages, interest only, and teaser ARMs.

The REAL crime is that this mortgage paper was then rated as Aaa by rating agencies. One rating agency admitted a “spreadsheet” error caused the erroneous superior ratings on billions in mortgages. If that’s not enough to send someone to jail I don’t know what is. Why won’t any member of Congress insist on a special counsel to investigate these ratings agencies? The congress will parade Mark McGwire to a hearing on a game but they won’t press for answers in this morass?

Accepting campaign contributions from Fannie/Freddie is what it is – perfectly legal. Why just name Frank and Dodd? I’m sure there are dozens of republicans on the Fannie/Freddi contribution list as well.

Rick, BOTH parties are to blame on this mess.