I predict
Posted: Sun Oct 12, 2008 10:38 am
that Obama will win the 2008 presidential election...
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No, the democrats f'd this country up by stopping the Freddie and Fannie hearings in 2004...Jim DeVito wrote:bush screwed this country up so bad, whoever the dem was they were slated to win from the start.
Stephen Eisel wrote:No, the democrats f'd this country up by stopping the Freddie and Fannie hearings in 2004...Jim DeVito wrote:bush screwed this country up so bad, whoever the dem was they were slated to win from the start.
Your anology is flawed.... when the dems stopped the Fannie and Freddie hearings, they took control of the ship...Jim DeVito wrote:Stephen Eisel wrote:No, the democrats f'd this country up by stopping the Freddie and Fannie hearings in 2004...Jim DeVito wrote:bush screwed this country up so bad, whoever the dem was they were slated to win from the start.
Well, we disagree, shocker.
We can argue all day long about who screwed us. The fact of the matter is that the repubs had the man in the captains chair of the sinking ship. That is why i think the dems had the thing rapped up before it started.
Narrow!!! The biggest debacle in US history...Jim DeVito wrote:Stephen, I think you are thinking to narrow minded. fran and fred was just one iceburg in an eight year long string of hitting iceburgs. The fact of the matter is that if we would have had better regulation in the first place we would not need fran and fred hearings. That is not too take all the blame off dems. Bur the whole system was bunked from the get go.
If the dems would have held the office for the last eight years (and the country went to hell in a bucket like it has) I would be saying the same thing about them.
Stephen Eisel wrote:Narrow!!! The biggest debacle in US history...Jim DeVito wrote:Stephen, I think you are thinking to narrow minded. fran and fred was just one iceburg in an eight year long string of hitting iceburgs. The fact of the matter is that if we would have had better regulation in the first place we would not need fran and fred hearings. That is not too take all the blame off dems. Bur the whole system was bunked from the get go.
If the dems would have held the office for the last eight years (and the country went to hell in a bucket like it has) I would be saying the same thing about them.
The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.
''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
Representative Melvin L. Watt, Democrat of North Carolina, agreed.
Phil Florian wrote:Sorry (stupid lack of Edit feature) but the Republicans have owned this country since 2000. Not 2008, though they are REALLY trying hard to continue that ownership.