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Burning down the house – The Washington Post

July 3, 2011

Burning down the house – The Washington Post.

 

NO NO NO! IT wasn’t government, it was soley the BANKS! and Wall Street! NOT THE GOVERNMENT!

And let’s all remember this jewel:

 

Followed by this jewel:

Speaking out both sides of his mouth. Washington needs an enema in the worst way…

Kinda just fits the bill that the authors are pointing out. There will be no bubble our betters in Washington  tell us.

And when there is a bubble, they tell they never said there wouldn’t be a bubble, in fact, they were actually against the bubble.

Just like there is no real financial crisis or spending problem, it’s a revenue problem. If we just rise taxes, everything will be a-ok….

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3 Comments
  1. July 4, 2011 11:25 am

    How Bahney “Sylvester the Cat” Fwank, Chris Dodd, Maxine Waters, and all the other “All Is Well” apologists and defenders of CRA, Fannie, and Freddie are NOT in jail is beyond me. A sad, sad reflection upon our nation’s government and the idiots who elect it.

  2. Michael Eaton permalink
    July 11, 2011 10:50 am

    “are NOT in jail is beyond me.”

    WHAT??? Dud, try the frickin’ bank CEO’s and AIG executives that sold what they KNEW was worthless paper derivatives to each other for short term gigantic profits that endangered our whole system! They are the ones who need to see the inside of a SuperMax. Seriously, you need to check your facts. Read a book or something.

  3. July 11, 2011 10:53 pm

    So Frank, Dodd, and company pass legislation and/or exert pressure on banks to lend to customers who are a poor credit risk, and to continue to make a profit and stay in business said banks must repackage that bad debt and get someone else to assume some of the risk if they hope to stay in business. Granted, selling worthless paper derivatives is deplorable, and I wouldn’t shed too many tears if those guys were at least fired, perhaps jailed, but you can’t ignore those on Capitol Hill who unleashed the dogs. They should be in adjoining cells.

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