DISQUS

AMERICAblog: How much will Freddie/Fannie bailout cost?

  • Sage24 · 1 year ago
    Gallup poll shows McCain now leading Obama. I guess the half brained twits who unfortunately call themselves Americans, have been duped again, by another unqualified, lying, ultra conservative, lightweight republican. Palin and Bush, are of the same caliber. Totally unsuitable to lead this country.

    What is wrong with these people?

    http://www.gallup.com/poll/110050/Gallup-Daily-...
  • ron071 · 1 year ago
    Beware of these polls.
  • An_American_Karol · 1 year ago
    How many people still have land phones? I don't and neither do two of my three adult children. We all vote and no one can call us for poll data
  • sukabi1 · 1 year ago
    The more relevant question is what is the methodology used and how is the poll weighted. Also, will they allow verification of their poll / methodology.

    Honestly, after having been caught in 2004 purposefully skewing their poll results to favor the republicans I don't know why they are given any credibility at all.
  • tbhull · 1 year ago
    Why do we even ask? It really does not matter, as we all bitch why bail out after bailout occurs without a fucking change ever occurring. Back to work slaves and pay for the folly and frivolity of the rich, both here and in China. Same old shit will happen again. Wait and watch. Free market my ass. Our whole fucking financial system is an absolute fraud.
  • houstonray · 1 year ago
    OT: Drudge says MSNBC has dropped Olberman and Matthews from the anchor chairs? WTF??? Please God in heaven don't tell me they are turning into FOX News...
  • Sage24 · 1 year ago
    This is disappointing if true. I enjoyed watching election coverage on MSNBC.

    I wonder if MSNBC is reverting back to its Faux lite ways.
  • houstonray · 1 year ago
    FauX lite, good description. I've been doing some internet snooping and it does seem to be true, they are being dropped as 'news anchors' but I guess will still have their shows. Not sure I know what's going on there. I'll keep snooping...
  • An_American_Karol · 1 year ago
    Who bought off MSNBC? McCain threw a fit about CNN and won't let Palin go on Larry King, so who got to MSNBC about their coverage of the Republican convention? Obviously someone didn't like Olberman and Matthew's coverage.
    This is terrible. Why is Fox allowed to voice prejudice and misleading information, and if Olberman and Matthews call anything into question, they are pulled off the chairs?
    Who got to MSNBC?????
  • tbhull · 1 year ago
    GE likes those Pentagon contracts.
  • An_American_Karol · 1 year ago
    I am willing to bet it has go do with Olberman's apology Thursday night about showing the shameful display at the RC of 9/11.
    I wondered why Olberman was not on his show Friday night when he said he was going to have a special comment about it.
  • tbhull · 1 year ago
    Olbermann can be a bit holier than thou. I lost repect for hime when Obama folded on FISA and Keith got on his knees to praise/accept without real criticism Obama's failing. After that I simply viewed KO as a dramatic fraud riding the current wave of Obama and the obvious failngs of BushCo for purely personal career reasons, not ideas.
  • An_American_Karol · 1 year ago
    Maybe, but he is all the left has.
  • tbhull · 1 year ago
    Agreed. Even with all that said, I prefered he and Matthews with all their fleas to anything else out there. TPM needs to set up a live feed with commentary as an alternate viewing choice during the election.
  • Apt604 · 1 year ago
    Why the hell does Obama even want the job???
  • tbhull · 1 year ago
    Auto industry is next. Someday the chummy folks in DC will bail out the oil industry.
  • ron071 · 1 year ago
    The source of the money for this bailout, prior bailouts, and Iraq, is the same one. High speed printing presses turn out all the money, which means that your hard earned dollars in wages, profits,savings, etc. are being depreciated in value by the day. This has happened to other nations when fiscal lunatics were running the govt. There are many examples of this phenomenon called hyper-inflation. Bush will have earned his rightful place in the same history of gross goverrnmental incompetents who were out of control
  • dad · 1 year ago
    the high cost of republican failure
  • cowboyneok · 1 year ago
    Snopes.com:

    Kilkenny letter, and others, are real about Sarah Palin:

    http://www.snopes.com/politics/soapbox/sarahpal...
  • tbhull · 1 year ago
    OT -

    Here is the NY Times' article on Olbermann's & Matthew's demotions.

    http://www.nytimes.com/2008/09/08/business/medi...
  • Indigo · 1 year ago
    Stuff and nonsense!
    It's good to return both Fannie Mae and Freddie Mac to government control. They were originally government agencies doing government business to maintain an even keel in the real estate business. That was good work. The evil was to privatize them. That evil resulted in more evil, a terrible collapse and mismanagement that is attributed to greed. Putting both Fannie Mae and Freddie Mac back under government control is a sensible first step back to a proper set of guidelines and legitimate limits.
    It is not an attack on future tax payers, it's a welcome step back into a carefully managed economy. The free-for-all is over. Hopefully.
  • tbhull · 1 year ago
    Under government control they will be scrubbed down and then re-privatized only to re-fail and the cycle will continue. Watch.
  • amicus1 · 1 year ago
    On "Face the Nation" on Sunday, Sept. 8, McCain blamed the Fannie/Freddie debacle on "cronyism, special interest, lobbyists, " and said it was a system that "cries out for reform." The link is here: http://www.cbsnews.com/htdocs/pdf/FTN_090708.pdf. But most prominent among those "lobbyists and special interests" is Phil Gramm, McCain's chief economic adviser, who lobbied for the deregulation that helped make the subprime crisis possible. Politico reports as follows:

    "Gramm’s role in the swift and dramatic recent restructuring of the nation’s investment houses and practices didn’t stop there.

    "A year after the Gramm-Leach-Bliley Act repealed the old regulations, Swiss Bank UBS gobbled up brokerage house Paine Weber. Two years later, Gramm settled in as a vice chairman of UBS’s new investment banking arm.

    "Later, he became a major player in its government affairs operation. According to federal lobbying disclosure records, Gramm lobbied Congress, the Federal Reserve and the Treasury Department about banking and mortgage issues in 2005 and 2006.

    During those years, the mortgage industry pressed Congress to roll back strong state rules that sought to stem the rise of predatory tactics used by lenders and brokers to place homeowners in high-cost mortgages.

    For his work, Gramm and two other lobbyists collected $750,000 in fees from UBS’s American subsidiary. In the past year, UBS has written down more than $18 billion in exposure to subprime loans and other risky securities and is considering cutting as many as 8,000 jobs."

    The link is here: http://www.politico.com/news/stories/0308/9246....

    This point needs to be made forcefully as it is outrageous for McCain to claim that he will be the solution when his top economic adviser is a major cause of the problem.