What a stop gap solution! Well at least I can still buy my PUT’s lol

cheers!

[2] Hillary? is she the president? oh, right, I forgot that Hillary and the Dems were in power for the past 8 years and were pulling the strings.

[3] no idea what you’re talking about

[4] why not bail out, you know the common folks, rather than Wall St. billionaires? why not tax the ultra-rich more and the poor less? yeah, I know! shocker to hear a capitalist say that but that makes more sense to me from an economic viewpoint than to tax the poor and reward the rich to entrench extremes of wealth/poverty… which can only lead to disaster for everyone down the line

[5] look, markets need proper regulation. what Bush’s administration did was to first oversee the making of this disaster and then try to fix it with moronic ploys like banning short selling. that’s getting it both ass backwards. As Bush said, Heck of a job Brownie!

2) Which deregulation are you talking about? Is more regulation what the markets really need? This anti-shorting garbage is the work of Hillary and her fellow Dem senator. Apparently, it’s OK for Hillary to make a killing shorting cattle futures, but no one should enjoy the privilege.

Hillary’s run-up in cattle futures was VERY suspicious BTW. Who else has made a quick $100K+ in the futures market and totally walked away from trading?

3) Obama created his own housing disaster in the south side of Chicago. And he’s supposed to fix it nationally?

4) If people went in over their head buying a house (e.g,, less than 20% down, knowing they couldn’t make increasing interest payments down the road), yes, that’s on them. And the big institutions who packaged, securitized and sold that trash shouldn’t get a bailout either. It’s about responsibility. It’s not about making someone else pay the bill who is more prudent and intelligent than you (i.e., successful small businesses who will pay a heavy burden of Obama’s tax plan).

5) I’m not all that partisan. I see the Republicans as the lesser of two evils. If you want free markets, you would too. If you want lots of regulations, stay out of the markets and move to a socialist haven.

Declan, whatever the outcome of this election, history will not be kind to GWBush’s administration.

Johan, yes it is true. Why is everyone afraid to call things are they are? jsp calls me ‘partisan’ for stating facts. How much incompetence have we seen from this administration? letting 9/11 happen after being warned about it… war in Afghanistan, war in Iraq, where’s Waldo’s WMDs? hurricane Katrina… Rove ignoring rule of law, etc…

jsp, partisanship? I’m just telling it like it is. Congress has been in Democratic majority for a small portion of the time, this mess was created by pushing through a free for all deregulation under the Bush administration. Ask Phil Gramm, you know, the guy who advises McCain on economic issues and calls you a “whiner” for losing your house.

Here’s the lead of a New York Times story on Sept. 11, 2003: “The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.” (He tried desperately to stop Fannie Mae and Freddie Mac from metastasizing into the problem they have since become.)

Bush tried to act. Who stopped him? Congress, especially Democrats with their deep financial and patronage ties to the two government-sponsored enterprises, Fannie and Freddie.

“These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Rep. Barney Frank, then 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.”

Also, Fannie and Freddie have spent an estimated $140 million on lobbying Washington.

They contributed millions to politicians, mostly Democrats, including Senator Chris Dodd (No. 1 recipient) and Barack Obama (No. 3 recipient, despite only three years in office).

Fannie and Freddie have spent an estimated $140 million on lobbying Washington. The number 1 recipient? Senator Chris Dudd. Number 3? B. Hussein Obama

It so sad that so many, including myself, really think this is so true. Well, history has shown us a myriads of times that the world could and is in fact, many times governed by morons.

When are heads going to roll? Farcical really.

And to think Republicans have the nerve to ask for re-election….

DJF