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Started By
Message
re: Yahoo writes article "It's Obama's Presidency, but Bush's World
Posted on 7/3/14 at 11:59 am to The Third Leg
Posted on 7/3/14 at 11:59 am to The Third Leg
I remember watching this congressional hearing about 10 years ago or so. They had some underling from Freddie/Fannie testifying, and he was trying to tell them that there was a huge problem looming on the horizon.
Maxine Waters got pissed and was like, "How dare you come here and spread lies like this!". Gregory Meeks was even worse. He acted like a straight up street punk, and told the guy that he should be charged with a crime for lying about the financial condition of Fannie and Freddie
I'm pretty sure those two idiots are still in Congress. There was a lot of blame to go around regarding the 2008 financial collapse.
Bottom line, Bush presided over a failed presidency.
Obama has been worse. MUCH WORSE.
Maxine Waters got pissed and was like, "How dare you come here and spread lies like this!". Gregory Meeks was even worse. He acted like a straight up street punk, and told the guy that he should be charged with a crime for lying about the financial condition of Fannie and Freddie
I'm pretty sure those two idiots are still in Congress. There was a lot of blame to go around regarding the 2008 financial collapse.
Bottom line, Bush presided over a failed presidency.
Obama has been worse. MUCH WORSE.
1
Posted on 7/3/14 at 11:59 am to The Third Leg
quote:Chicken doesn't have enough bandwidth for me to do that....
Please, lay out all that is uninformed in this thread and on this board.
Posted on 7/3/14 at 11:59 am to LSURussian
Pussy 
Posted on 7/3/14 at 12:05 pm to KCT
quote:Congressman Richard Baker who represented the La. 6th district was the chairman of the House's banking sub-committee. He was Fannie's and Freddie's biggest critic. He held hearings on them back in the early 2000's where he showed their liabilities exceeded their capital exponentially.
I remember watching this congressional hearing about 10 years ago or so. They had some underling from Freddie/Fannie testifying, and he was trying to tell them that there was a huge problem looming on the horizon.
Maxine Waters got pissed and was like, "How dare you come here and spread lies like this!". Gregory Meeks was even worse. He acted like a straight up street punk, and told the guy that he should be charged with a crime for lying about the financial condition of Fannie and Freddie
He told me he received threats from some civil rights type organizations when he revealed the idiocy of FNMA and Freddie guaranteeing the low income borrowers' loans.
I saw him in the BTR airport about 2 years ago and I asked him if he has said "I told you so" to his critics. He said he wanted to but has resisted doing it.
This post was edited on 7/3/14 at 12:15 pm
Posted on 7/3/14 at 12:06 pm to The Third Leg
There's one example there....
Posted on 7/3/14 at 12:07 pm to The Third Leg
Don't you just love it when these "high moral" characters passively accept what they know is a clusterfrick because their paycheck depends on it?
If that's not bad enough, then they try and pass the blame off on you for allowing it to happen.
Real pillars of society.
If that's not bad enough, then they try and pass the blame off on you for allowing it to happen.
Real pillars of society.
Posted on 7/3/14 at 12:10 pm to LSURussian
quote:For your viewing pleasure
I remember watching this congressional hearing about 10 years ago or so. They had some underling from Freddie/Fannie testifying, and he was trying to tell them that there was a huge problem looming on the horizon. Maxine Waters got pissed and was like, "How dare you come here and spread lies like this!". Gregory Meeks was even worse. He acted like a straight up street punk, and told the guy that he should be charged with a crime for lying about the financial condition of Fannie and Freddie
Posted on 7/3/14 at 12:17 pm to ShortyRob
That is Richard Baker from Baton Rouge who speaks first.
ETA: That's a great video showing the implicit collusion the Dem congressmen/women had with Fannie and Freddie especially when they were criticizing the regulator who was exposing Fannie's and Freddie's risk.
ETA: That's a great video showing the implicit collusion the Dem congressmen/women had with Fannie and Freddie especially when they were criticizing the regulator who was exposing Fannie's and Freddie's risk.
This post was edited on 7/3/14 at 12:28 pm
Posted on 7/3/14 at 12:35 pm to LSURussian
quote:
ETA: That's a great video showing the implicit collusion the Dem congressmen/women had with Fannie and Freddie especially when they were criticizing the regulator who was exposing Fannie's and Freddie's risk.
And when the excrement finally struck the rotary blade air circulation device, the media and left moved Heaven and Earth to blame Bush for it - because it happened on his watch.
That big old wheel never seems to turn the other direction, does it?
Posted on 7/3/14 at 12:36 pm to Ace Midnight
quote:Truth.
And when the excrement finally struck the rotary blade air circulation device, the media and left moved Heaven and Earth to blame Bush for it - because it happened on his watch.
Posted on 7/3/14 at 12:56 pm to LSURussian
None of what is being leveraged in these warnings and arguments adequately contends the notion that virtually nobody knew that the global financial system could potentially be brought to ruin.
Those that did shorted the market.
Those that did shorted the market.
Posted on 7/3/14 at 1:24 pm to The Third Leg
quote:
Lemme axe ya dis, if your wife died, and you learned she had racked up a few million in undisclosed debt that you were liable to repay, would that be her fault, or yours?
Hers, but I sure as shite wouldn't double or triple the debt.
Posted on 7/3/14 at 1:33 pm to The Third Leg
quote:Yeah, so what?
None of what is being leveraged in these warnings and arguments adequately contends the notion that virtually nobody knew that the global financial system could potentially be brought to ruin.
Posted on 7/3/14 at 1:54 pm to LSURussian
Kind of a fricked set of circumstances, which is what we've really been discussing, no?
Neutered regulatory arm, loose credit, rampant fraud - systemic failures abound.
Neutered regulatory arm, loose credit, rampant fraud - systemic failures abound.
Posted on 7/4/14 at 10:14 am to ShortyRob
ShortyRob,
Thanks for posting that video. That's the hearing I was talking about. Those Democrats who were playing politics all look like arse clowns now. I guess the reason nobody ever talks about this is because they were almost all black. God forbid the media would expose people like Waters and Meeks as the corrupt, stupid thieves that they are.
The left-wing nitwits like third leg need to be reminded of this video every time they throw out the predictable, knee-jerk response of "Bush did it!"
Thanks for posting that video. That's the hearing I was talking about. Those Democrats who were playing politics all look like arse clowns now. I guess the reason nobody ever talks about this is because they were almost all black. God forbid the media would expose people like Waters and Meeks as the corrupt, stupid thieves that they are.
The left-wing nitwits like third leg need to be reminded of this video every time they throw out the predictable, knee-jerk response of "Bush did it!"
Posted on 7/4/14 at 10:31 am to The Third Leg
quote:
I don't know about that, but it's disingenuous to act as if the Bush administration didn't have a hand in the pot.
If we are going to lay this all at Obama's feet, Bush should share in the blame.
They're the same breed, different mask.
shite, it goes further back than those two. They're just the worst offenders.
Posted on 7/4/14 at 11:04 am to TX Tiger
quote:
Don't you just love it when these "high moral" characters passively accept what they know is a clusterfrick because their paycheck depends on it? If that's not bad enough, then they try and pass the blame off on you for allowing it to happen. Real pillars of society.
Yeah, the old line used to be Vote for someone else then
Now, it is That's on you
Posted on 7/4/14 at 11:08 am to The Third Leg
quote:Good thing I'm of low moral character and I get to blame y'all for everything that is wrong with this country since I've voted for no one currently in office and have only been able to vote in one election.
Now, it is That's on you
It feels good to be free from blame.
It feels good.
I get to bitch and not be a hypocrite also.
This post was edited on 7/4/14 at 11:11 am
Posted on 7/4/14 at 11:12 am to Scruffy
Posted on 7/4/14 at 11:15 am to The Third Leg
quote:
Lemme axe ya dis, if your wife died, and you learned she had racked up a few million in undisclosed debt that you were liable to repay, would that be her fault, or yours?
That's a stupid argument when Obama has racked more debit than all of the President's in history combined and he isn't even finished yet. Just imagine where will be by the time he leaves office. This Hussein care will destroy the country.
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