Posted on 11/15/2008 10:26:30 PM PST by Lancey Howard
That’s easy. The Dems’ friends at Fannie May and Freddie Mac convinced Paulson that there was a sudden emergency, so he then convinced Bush. Congress fueled the fire on cue too.
I don’t think President Bush was “in on it.” His demeanor during his speech to the nation was not an act. IMO, Paulson, and “whomever” set this whole thing up. Who knows Paulson and his friends at Goldman Sachs could have orchestrated this for the commissions that would have been made when all that money moved in and out of the market. The whole mess turned out WAY too well for the financial industry.
It stinks to high heaven.
Schumer’s letter re IndyMac in late June was the punk. Chuckie believes “Party First”.
I have posted a shorter version of this piece in several threads, so sorry if it sounds familiar to some freepers. But this unbelievable turn of events in late September and continuing to this day seems to be almost dismissed as just one of those things. It is incredible to me that the people we entrust to run the government aren’t just freaking out at the brazeness of this financial attack.
And that’s what it was - - an attack.
The funny thing about attacks like this one are that they are largely fueled by propaganda. “Bad news” easily becomes worse news, like a self-fullfilling prophecy. Wait until the retailers report Christmas sales this year. That snowball is already rolling downhill, and quickly picking up speed.
Maybe if things get as bad as many financial experts believe they will get - - ie., when reality bites the nation in the rear-end and masses of people are threatened with the loss of their homes and savings - - our elected representatives will wake the hell up.
FRegards,
LH
I’ll bet the “good folks” who ran Lehman Brothers, AIG and the other outfits that failed are Democrats who contributed many dollars to Obama’s campaign.
Somebody set this whole thing in motion in mid-September and Paulson reacted. It does look like a setup.
This would be a great story for an investigative journalist of the right persuasion. Who knew what when and what did they do about it.
vanity BUMP
Hello, FRiends!
This thread isn’t military related but I wanted to ping you to it anyway.
I find the thought of “Commander-in-Chief Barack Hussein Obama” downright bone-chilling.
FRegards,
LH
The richest in our country are in bed with the Democrats. They run new programs, such as green projects, cheap housing, and medical care, get money from the government to run them, then the richest give money back to our representatives. The American middle class and newly rich are taxed for the profit of the Democrats and super-rich who vote for them. Meanwhile they do it out of the tyranny of being “nice” to the unfortunate of the country. Kleptocracy with a friendly face. More and more Republicans are falling under this corruption, too. I have to say I think Warren Buffett is in on this scheme and trust the SOB as far as I could throw him.
Agreed. How could it NOT be? I swear, I'm sitting here two months later and wondering what the hell is going on?
The timing of this "crisis" wasn't just a little bit suspicious to anybody??
This story sounds like something that would be up Jack Cashill's alley.
Good blog. Thanks for the link.
I’ve been saying that .. asking that all along.
How could a catastrophe of such humongous
magnitude have escaped the experts ..no one
saw the brink coming .. and then it erupts
suddenly ..BOOM ... just in time for the
election?
Next up: the UAW. They need their Viagra, don’t you know.
In the end, everybody will be bailed out except for hardworking, taxpaying, traditional American familes - - they will be bent over.
Soros, Kerry, Pelosi, Schumer,etc., plus international leftists like Gordon Brown, Gorbachev, etc.
Oh...and Al Gore.
yep it reeks.
McCain was summoned; Obama issued a ‘I approve this bailout’ statement and his now infamous ‘call me if you need me’ dismissal of the crisis as he conveniently disappeared to hover, or ascend, or whatever it is artificial messiahs do when they disappear from public view.
Thank goodness that McCain DID return to Washington, for he found, that in spite of the calamitous ‘financial catastrophe’, Frank and Pelosi still managed to find precious time to include a $3B windfall for ACORN - amazing I know, but shows where their heads were at (and remain). In fact, they were so intent on porking up the bailout bill, they neglected to add any mandates or rules defining how banks were to handle the billions in cash they were being ‘rescued’ with.
McCain exposed the windfall (leading to Frank's snitty remark on the House Floor) and McCain also exposed the fact that Republicans were being locked out and BARRED from meetings concerning said bailout - McCain's presence gave weight to Boehner’s demand to get those doors open for Republicans to participate, albeit under conditions of confiscated blackberries and cellphones (which made it very difficult for republicans to communicate to leadership).
Blackberries and cellphones were collected in trashcans, under the pretense ‘leaks’ would be ‘harmful’ to the passage of the bailout bill (with, of course, the implicit insinuation that the ‘leaks’ would only be possible from the republican side).
Without McCain, the original ‘bailout’ would have been nothing more than a Windfall Factory for the Dems.
Unfortunately, in the Senate Version, Dodd STILL didn't put any rules in the bailout bill, but he DID include an illegal and artifical loophole that benefits the banks by enabling billion-dollar windfalls for themselves, which has lead to an even bigger mess.
McCain is one of the unsung heroes of the bailout - exposing once again the hypocrisy of the dem party - and deserves acknowledgment as such.
McCain deserves no criticism on this. I have tried to support President Bush through thick and thin. But finding an economic meltdown weeks before the presidential election? It’s irrefutable Bush’s administration is the author of McCain’s defeat.
I keep thinking of the movie scene in which Jose Ferrer toasts “Here’s to the real author of the Caine Mutiny!” and tosses his drink in Fred McMurry’s face.
Here’s to the real author of Obama’s victory! I’m just not sure whether the drink is for Paulson, Bush, or both.
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