Party That Mocked President’s Lack of Experience Favors One with No Experience Whatsoever

So the 5 billion dollar fine is my imagination? I see.

 

Does his ample ass count?

 

It is an ample source of shit and coincidentally the fountainhead of his comments.

 

It would help if your penis had any substance to it.

 

Funny, but unlike the liberals, I do not see anywhere where the conservatives limited the blame to any individual.

And back to the liberal answer to facts.

 

Really, you never limited the blame to Bill Clinton, Jimmy Carter, Barney Frank? Really? And certainly not to George W. Bush.

As I have asked repeatedly when you get down to blaming the Democrats in Congress, show me the legislation Democrats wrote, and passed that led to the financial meltdown. Specifically! And I'll get crickets once again.

White House Philosophy Stoked Mortgage Bonfire
By JO BECKER, SHERYL GAY STOLBERG and STEPHEN LABATONDEC. 20, 2008

Photo

THE BLUEPRINTS In June 2002, President Bush spoke in Atlanta to unveil a plan to increase minority homeownership. CreditRich Addicks/Atlanta Journal-Constitution

“We can put light where there’s darkness, and hope where there’s despondency in this country. And part of it is working together as a nation to encourage folks to own their own home.” — President Bush, Oct. 15, 2002

WASHINGTON — The global financial system was teetering on the edge of collapse when President Bush and his economics team huddled in the Roosevelt Room of the White House for a briefing that, in the words of one participant, “scared the hell out of everybody.”

It was Sept. 18. Lehman Brothers had just gone belly-up, overwhelmed by toxic mortgages. Bank of America had swallowed Merrill Lynch in a hastily arranged sale. Two days earlier, Mr. Bush had agreed to pump $85 billion into the failing insurance giant American International Group.

The president listened as Ben S. Bernanke, chairman of the Federal Reserve, laid out the latest terrifying news: The credit markets, gripped by panic, had frozen overnight, and banks were refusing to lend money.

Then his Treasury secretary, Henry M. Paulson Jr., told him that to stave off disaster, he would have to sign off on the biggest government bailout in history.

 

Well, finally, JoeNation makes sense for once!
_______________________________________________________________________

 

And
2003

• February: The Office of Federal Housing Enterprise Oversight (OFHEO) releases a report explaining that unexpected problems at a GSE could immediately spread into financial sectors beyond the housing market.
  
• September: Then-Treasury Secretary John Snow testifies before the House Financial Services Committee to recommend that Congress enact "legislation to create a new Federal agency to regulate and supervise the financial activities of our housing-related government sponsored enterprises" and set prudent and appropriate minimum capital adequacy requirements.
  
• September: Then-House Financial Services Committee Ranking Member Barney Frank (D-MA) strongly disagrees with the Administration's assessment, saying "these two entities – Fannie Mae and Freddie Mac – are not facing any kind of financial crisis … The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing." (Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae," The New York Times, 9/11/03)
  
• October: Senator Thomas Carper (D-DE) refuses to acknowledge any necessity for GSE reforms, saying "if it ain't broke, don't fix it." (Sen. Carper, Hearing of Senate Committee on Banking, Housing, and Urban Affairs, 10/16/03)
  
• November: Then-Council of the Economic Advisers (CEA) Chairman Greg Mankiw explains that any "legislation to reform GSE regulation should empower the new regulator with sufficient strength and credibility to reduce systemic risk." To reduce the potential for systemic instability, the regulator would have "broad authority to set both risk-based and minimum capital standards" and "receivership powers necessary to wind down the affairs of a troubled GSE." (N. Gregory Mankiw, Remarks At The Conference Of State Bank Supervisors State Banking Summit And Leadership, 11/6/03)

BTW, you are plagiarizing someone else.

 

Too bad you cannot read.

and

 

Oh, and I forgot. Apparently you have to insult to make your point. You are an idiot. Is that sufficient?

 

Let's just take a look at Glass-Steagall. Politifact published an analysis of the result of the repeal of parts of Glass-Steagall. Who pushed deregulation for decades? The GOP.

Our ruling

Clinton said, "There's not a single, solitary example that" signing the bill to end Glass-Steagall "had anything to do with the financial crash."

By focusing on the bill that officially repealed Glass-Steagall, Clinton's statement ignores the fact that the demise of Glass-Steagall took place over decades, amid a deregulatory push in which the Clinton administration played a role. By the time the law to repeal hit his desk, Glass-Steagall had been whittled down so much that it wasn’t very meaningful. It's a matter of debate how much of a role the overall demise of Glass-Steagall had in causing the financial crisis, but we couldn't find any economists who argue that the regulation was the sole linchpin keeping the financial system stable until its official repeal in 1999. Overall, we rate Clinton’s claim Mostly True.

 

The libs pressured mortgage lenders to make risky loans.
When these loans started to go bad, lenders looked for creative refinance options to prevent default.
Ultimately, as the economy worsened, the loans went bad anyway.

The End.

 

Please read:

http://www.wsj.com/articles/SB10001424127887323477604579000571334113350

 

OOPS! Your compadre thinks that is plagiarism. Shame! Shame!

 

...and if one of cronies calls someone a nasty name, swears or disrespects someone, he ignores it. If I do any of that, his peckish little fingers tap out a four-course meal of chastisement.

 

You mean like these?

etc
and so on
and many more

 

Now would you mind showing me just what I have ignored from the right?

 

Nah, proved my point, as well as another: the republican inability to admit fault, or guilt.

 

If you were trying to prove what kind of hypocrites the left really is, you succeeded in spades

 

Dick, you want proof? Click on one of your buddies names and read their "Messages".

Dumb-ass lying cunts like you, scotty and davy are the reasons why America has "partisan" issues. Your dumb-assed responses in particular are a measure of just how fucked-up your party is. You want to pretend that you treat them in the same manner as you treat me? You're a lying sack of shit, and you know it.