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Financial Crisis Sparks Anti-American Fervor in Europe
Pajamas Media ^ | October 7, 2008 | Soeren Kern

Posted on 10/07/2008 11:51:55 AM PDT by euroatlantic

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To: Secret Agent Man

And this:

http://www.whitehouse.gov/news/releases/2008/09/20080919-15.html


41 posted on 10/07/2008 12:51:40 PM PDT by fightinJAG (Fly the flag!)
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To: FlingWingFlyer

But the Euroweenies LOVE the Rats! They can’t wait for Obambi to become president! They KNOW /s this crisis is all Bush’s fault!

Right.

http://www.whitehouse.gov/news/releases/2008/09/20080919-15.html


42 posted on 10/07/2008 12:52:42 PM PDT by fightinJAG (Fly the flag!)
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To: euroatlantic

VERY INTERESTING.

Now - I’m going to guess that at some point tonight Barak is going to claim the only “he” can restore our image across the world.
He is a citizen of the world afterall!

But the world is mad today because subprimes led to default which led to financial institutions toppling other financial institutions.

The sub-prime virus has infected the world.

Which presidential candidate can make the claim that he helped intimidate banks into engaging in such dubious practices?

hmmm...
Who is listed in this court case?

http://clearinghouse.wustl.edu/detail.php?id=10112&search=sourcegeneral;caseCatFH;orderbycaseName


43 posted on 10/07/2008 12:55:38 PM PDT by Scotswife
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To: ari-freedom

I agree with you that they have a right to be upset because this crisis was, in fact, CAUSED by the U.S. Government (through the Rat party).

However, I still am compelled to point out that these same Euroweenies often actively work to undermine our power in the world (which cannot help but also include our economic power) and cheer any misfortune that comes our way.

IOW, they bellow and wail about how the U.S. should be “taken down a notch,” but when it is, they suddenly seem to discover for the first thing that this might not be such a good thing after all. That, in fact, the U.S., in particular its economy, is the engine of the global economy and the safekeeper of geopolitical stability.

Big surprise to these guys that our fates our inextricably intertwined and it’s quite ridiculous, therefore, for them to be “anti-” us in any way.


44 posted on 10/07/2008 12:56:46 PM PDT by fightinJAG (Fly the flag!)
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To: euroatlantic

There is no cause for alarm. secretary of State Kerry will take care of it all by the end of February. It will be all hugs and kisses


45 posted on 10/07/2008 12:57:43 PM PDT by bert (K.E. N.P. +12 . Off With her head.....)
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To: Billthedrill

Wow! That is the best summation of the zeitgeist in Europe that I have ever read.

Decades ago it became very clear to me that the only ambition of the young Europeans I met was to cobble together enough from their government handouts to go Eurailling all summer and to stay in school (and, therefore, in arrested adolescence) as long as possible before getting a nominal job and graduating to the big ticket government handouts.


46 posted on 10/07/2008 12:58:52 PM PDT by fightinJAG (Fly the flag!)
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To: euroatlantic

They needed an excuse?


47 posted on 10/07/2008 12:59:40 PM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: kabar

They have a dog in every fight and it is ALWAYS the U.S.A.

They never seem to learn this lesson, however.


48 posted on 10/07/2008 12:59:52 PM PDT by fightinJAG (Fly the flag!)
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To: euroatlantic
Okay, here is a thought for those who study prophecy and eschatology:

Could the current financial crisis lead to the formation of a common financial system and currency? Most scholars I have read seem to presume such a thing would be a necessary precursor to imposition of the Mark...

49 posted on 10/07/2008 1:06:28 PM PDT by CA Conservative
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To: ari-freedom
well, this could be the end of europe. we know what happened the last time it fell apartWe'll have to save them from themselves again.
50 posted on 10/07/2008 1:08:13 PM PDT by frithguild (Can I drill your head now?)
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To: Slapshot68
The Euros got just as drunk on the real estate market
yet it’s our fault? lol


I usually would agree...
But OUR government pronounced Fannie Mae and Freddie Mac as being
just about as rock-solid as our T-bills.
The Europeans swallowed that Kool-Aid.
Sadly, so did many of our own small banks...and the guvmint
let them use only one asset other than T-Bills to calculate
capitalization...you guessed it...Fannie Mae/Freddie Mac stock.
The Wall Street Journal profiled a good, conservatively-run
bank in Johnson City, TN and how they had to sell out to a larger
bank when about half of their capitalization evaporated.

Similary, the WSJ mentioned last week how a similar loss happened
to an institution called "Farmer Mac" (believe it or not).
Their capitalization in Fannie/Freddie stocks also evaporated
and put it under heavy stress to get recapitalized.

As Rush said last Monday, Obama is right about Europe and the
rest of the world hating the USA...we sold them Freddie/Fannie stock
that went belly up!
51 posted on 10/07/2008 1:30:29 PM PDT by VOA
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To: realcleanguy
Barney Frank should be arrested

He's giving a talk at the Harvard Club of Boston, November 10th, at noon. Why don't you go over and make a citizen's arrest?

52 posted on 10/07/2008 1:33:45 PM PDT by ladyjane
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To: euroatlantic

To Europe: THERE. Now we gave you a REASON to cry.


53 posted on 10/07/2008 1:42:28 PM PDT by informavoracious (Oust all incumbents.)
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To: frithguild

many Americans died as a result


54 posted on 10/07/2008 1:57:15 PM PDT by ari-freedom (Betcha they're good. Why shouldn't they be? Their one mistake was giving up me!)
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To: ladyjane

I would love to, however I am on the West Coast


55 posted on 10/07/2008 2:14:31 PM PDT by realcleanguy ("I have not yet begun to fight")
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To: euroatlantic

George Bush tricked them onto the greed train. It’s absolutely amazing how this dumbest man on earth was able to trick the American people, American congress and the world.


56 posted on 10/07/2008 3:41:22 PM PDT by Joan Kerrey
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To: ari-freedom

They trusted our govt and they have every right to be upset
_______________________
Upset with who? Our government didn’t sell them squat. They have only themselves to blame for greed and ignorance of what they were investing in. Seems to me that stupidity of the world’s financial genious crowd is the reason investments were made with blindfolds on. They have every right to be upset with themselves.


57 posted on 10/07/2008 3:48:13 PM PDT by Joan Kerrey
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To: Joan Kerrey

Fannie and Freddie debt and mortgage securities “are held by central banks and investors throughout the United States and around the world who believe them to be virtually risk-free,” Lockhart [James Lockhart, the head of the Federal Housing Finance Agency] said. “We have a responsibility to both avert and ultimately address the systemic risk now posed by the scale and breadth of the holdings.”

http://www.cbc.ca/money/story/2008/09/08/f-forbes-fanniemae.html


58 posted on 10/07/2008 3:56:24 PM PDT by ari-freedom (Betcha they're good. Why shouldn't they be? Their one mistake was giving up me!)
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