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I am missing your point. Is the GOP not entirely against any regulation of industry? Democrats are not openly against regulation, which is the GOP party platform and party line and has been for decades. Are you now saying some regulation of industry is good?
Since the Democrats run Congress, and this problem has building up for a period of time, obviously the Democrats have proposed bills to fix/repair the problems. Lets list a few of them... You start..
p.s. my stance is that Mae/Mac should never have been created to begin with. Banks have pleanty of cash to loan out, they dont need to borrow money to loan out, for the purpose of artificially inflating home values, (which is what happened)
So the GOP is proposing to bail out Fannie Mae and Freddie Mac to the tune of trillions of dollars, which will of course come out of your and my tax dollars. This is a similar trend of the GOP controlled government, which recently bailed out the investment banks on Wall Street.
Meanwhile, the CREEPS that got these companies into this mess take home their $13 million dollar pay checks and stock options (why are the GOP not prosecuting these thieves???).
Is this straight up socialism or if not, what is this?
TALK ABOUT TAX AND SPEND BY THE GOP!
What this is, my opinion of course, was/is a brilliant scheme (yes planned)by the wealthy banking dynasties that control/own the Federal Reserve=Banksters
While on paper and stocks things look rough, but with the investments and mortgages already set-up, Fannie and Freddie will post a huge profit in the future just from the investments/mortgages they have right now. Trust me, the governments influx of money right now will stabilize the situation. If Fannie and Freddie bought 0 mortgages and investments from here on out at some point a profit would be realized, with accumulated (big profits).You will never hear that or read it in the newspapers, more mortgages and investments will be made, and when there is a profit, it will be led that those "new" accounts caused the turn around-lie.
This has been done all throughout history, the rich banking dynasties set-up the market, the banks-or in this case mortgage brokers bite, the paper looks horrible, and they swoop down and gobble them up. Influx some loot, prop them up, and kick back and reap the profits from "others" work. This maybe the first time they used our Federal gov to do their bidding though?
My question to all these banks and mortgage brokers? Surely you'all are intelligent!-correct? How in the ___did you not see this coming?with all this low interest money the fed was handing out, loaning it to people you knew couldn't make the payments? Was it the Quick profits you scooped off the top? Thought you'd be able to sell them to someone else? Surely you all knew there were a ton of bad loans out there and you'all kept approving more! Did you dumb____want to give your businesses away? Stupid people get what they do, only thing is I and everyone else out here will now have to pay for it. Guess what, even when they get those profits, we'll never see one dime go back to "us".
Since the Democrats run Congress, and this problem has building up for a period of time, obviously the Democrats have proposed bills to fix/repair the problems. Lets list a few of them... You start..
p.s. my stance is that Mae/Mac should never have been created to begin with. Banks have pleanty of cash to loan out, they dont need to borrow money to loan out, for the purpose of artificially inflating home values, (which is what happened)
You do realize there are still Repubs in congress and in the senate right?
Anyway, like I mentioned before this is truly one instance where getting into partisan stuff is pointless. Both parties are to blame.
Since the Democrats run Congress, and this problem has building up for a period of time, obviously the Democrats have proposed bills to fix/repair the problems. Lets list a few of them... You start..
p.s. my stance is that Mae/Mac should never have been created to begin with. Banks have pleanty of cash to loan out, they dont need to borrow money to loan out, for the purpose of artificially inflating home values, (which is what happened)
You do not seem to have an understanding of how the Congress works. Legislation requires approval of both the House and the Sentate. The Senate requires 60 votes in order to actually send legislation to the floor for a vote. The GOP often threatens to filibuster and prevent legislation from reaching the floor for a vote. So while you say the Democrats control Congress (and this is only for the past 2 years and we have had TONS of messes to clean up), actually since the Democrats do not have 60 votes in the Senate, and Bush holds a veto, the Democrats' hands are basically tied. If you can tell me how the Dems can overcome the GOP's constant threats to filibuster and veto every bit of legislation, please advise and I will send your recommendation to the admittedly wimpy Harry Reid for action.
You do realize there are still Repubs in congress and in the senate right?
Anyway, like I mentioned before this is truly one instance where getting into partisan stuff is pointless. Both parties are to blame.
49-49-2, with the two independents (usually) voting with the Dems. Dems have 54.9% share in the House. It's a majority, but a slim one. And it's a moot point as far as this topic goes.
No, it isn't socialism. It would be most easily defined as economic fascism. You have public subsidization of a privately held company and all profits shall be kept by stockholders. That's about as right winged as it gets. If the gov't literally took the OWNERSHIP of the orgs over and all profits went to the US Treasury, then, yes, it would be socialistic.
Frankly, I'm shocked that the libertarians are calling this situation "socialism". This is their bright and gleaming chance to use the term "fascism" in a correct sense with no hyperbole at all and they aren't cherishing it.
You do realize there are still Repubs in congress and in the senate right?
Anyway, like I mentioned before this is truly one instance where getting into partisan stuff is pointless. Both parties are to blame.
I dont recall saying just Democrats are to blame, I recall saying that Democrats are ALSO to blame. Unlike the OP, I blamed EVERYONE, and my posting was to dispute the "GOP" to blame
So the GOP is proposing to bail out Fannie Mae and Freddie Mac to the tune of trillions of dollars, which will of course come out of your and my tax dollars. This is a similar trend of the GOP controlled government, which recently bailed out the investment banks on Wall Street.
Meanwhile, the CREEPS that got these companies into this mess take home their $13 million dollar pay checks and stock options (why are the GOP not prosecuting these thieves???).
Is this straight up socialism or if not, what is this?
TALK ABOUT TAX AND SPEND BY THE GOP!
Obama made over $100,00. from lobbists with this company
I would check your facts on this
he supports what is happening.
They were just talking about this on CNN
oh, for those of you that don't know, it is a cable news show.
You do realize there are still Repubs in congress and in the senate right?
Anyway, like I mentioned before this is truly one instance where getting into partisan stuff is pointless. Both parties are to blame.
who is in charge??? Nancy and her band of theif 's
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