So, Barry is gullible and incompetent, not complicit and evil.
Gotchya.
Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
Posted on 08/29/2010 7:54:08 AM PDT by maggief
Barack Obama was “incredulous” at what he was hearing, said one of his top economic advisers. The president had spent his first year in office overseeing the biggest government bailout of the financial industry in American history. Together with Federal Reserve chairman Ben Bernanke, he had kept Wall Street afloat on a trillion-dollar tide of taxpayer money. But the banks were barely lending, and the economy was still mired in high unemployment. And now, in December 2009, the holiday news had started to filter out of the canyons of lower Manhattan: Wall Street’s year-end bonuses would actually be larger in 2009 than they had been in 2007, the year prior to the catastrophe. “Wait, let me get this straight,” Obama said at a White House meeting that December. “These guys are reserving record bonuses because they’re profitable, and they’re profitable only because we rescued them.” It was as if nothing had changed. Even after a Depression-size crash, the banks were not altering their behavior. The president was being perceived, more and more, as a man on the wrong side of an incendiary issue.
(Excerpt) Read more at newsweek.com ...
Don’t you think there is a responsibility, at this point, in critizing the bankster’s business practices and investment instruments used to demolish their institutions? They crashed the US housing market with their dishonest loan games. They ended up shaking down the US Treasury to cover for their failing “free market” ruse and stupidity. They left the American people - property owners and taxpayers - holding the bag for it all!
The critizisms in this article may not be the correct ones and are probably are designed to serve an anti-capitalism leftist agenda. But I sure hope conservatives admit there is a problem and have some accurate takes on what went wrong in the banking industry and are ready to bust some failing and scamming politician and bankster heads if we get power again. We need to make changes that will ensure the success of free markets, protect the Treasury and the economy from future shake downs.
What do you think? I hope conservatives have questions and solutions they want answered and addressed in the aftermath of this economic crash and bankster shake down. There will be investigations and hearings into the banking industry and political corruption if Repubicans win the House.
This seems like lamer than usual blame shifting. It doesn’t read as if it’s been groomed by an editor to get that slick, sleight-of-hand blame shifting prowess in place. Does this indicate that journo-listers have not re-established smooth communication yet and so each lame-stream media talking head is ‘on his own’ trying to make up stupid excuses or is this the best the ‘new and improved journo-list’ could come up with. Or maybe there’s just so few people left in the dinosaur media that no one who writes persuasively is left at Newsweek?
Haven’t heard much from the little fairy Rahm recently. Is she in hiding?
” The critizisms in this article may not be the correct ones and are probably are designed to serve an anti-capitalism leftist agenda. But I sure hope conservatives admit there is a problem and have some accurate takes on what went wrong in the banking industry and are ready to bust some failing and scamming politician and bankster heads if we get power again. We need to make changes that will ensure the success of free markets, protect the Treasury and the economy from future shake downs.
What do you think? I hope conservatives have questions and solutions they want answered and addressed in the aftermath of this economic crash and bankster shake down. There will be investigations and hearings into the banking industry and political corruption if Repubicans win the House.”
Goldman OWNS Obama.
Now that McCain has won, look for him to be the lead Republican to kill any investigations into investment banking crimes.
Look at the top ten contributors to Obama
Now look at McCains.
Note the similarities? ;-)
And it still hasn't been reformed.
A Government/Private organization called Fannie Mae and Freddie Mac, which both GW Bush and John McCain tried to reform, and which Democrats like Barney Frank stonewalled their attempt at reforming.
Instead of blaming the bankers for partaking in a mortgage back security market, blame the CREATORS of that Market, Fannie Mae and Freddie Mac.
So instead of regurgitating the Progressive Fascists lies about Bankers, try learning the REAL problem at the heart of the Housing Crash. Reckless US Government interference in the the private sectors lending practices.
Start by reading these
So, Barry is gullible and incompetent, not complicit and evil.
Gotchya.
Thanks. I will check out the links.
It is a disgrace this has not been highlighted in McLame’s election campaign along with his open border and amnesty betrayals! Would the country be better off if conservatives in Arizona sat out the election rather than helping Juan get back into the Senate?
Oh my goodness! Maybe Conservatives can organize to fight McLame off if he get re-elected and tries to protect his corrupt friends through unearned Rino “leadership” of the Senate Republicans?
For decades Americans have been brainwashed to hate and fear "evil corporate leaders" by Hollweird and TV.
Really hard to let go of the habit and deal with the world as it is, not as the Democrat Party's Progressive Fascist political/media machine would have you believe it is.
Have you actually picked up a copy of Newsweek lately..say in a doctor’s office, or the barber...has about 10 pages..and like ZERO advertising...$1 was waaaay too much to pay for it..
Michael Hirsh
It's too bad we don't have someone like the Brad Pitt character carving a big “J” (for Journolista), into the foreheads of these so called Journalists like he carved Swastikas into the foreheads of the Nazis.
It's always good to be able to recognize your enemies when you come face to face with them.
He has no idea how the financial system works and doesn't care how it works. His only idea on any topic is for the government to take over more of whatever is under discussion. He was happy to take over all student loans, for example, on the excuse that it would help the banks. Student loans were a drag on huge banks built by combining regional banks, many of which were holding lots of "under performing" student loans. He was more than happy to take it off their hands, he was ecstatic to have a good excuse to gain control of student access to funding as an adjunct to the control of faculties the left has sopped up over the years. If he ever happens to get another majority, he'll try to replace Fannie and Freddie with some super agency that will handle all home financing the same way the Federal government now controls all student loans. He may even propose such a takeover prior to November as part of the "creative approaches" the Federal Reserve will be trying out.
Bankers in this country have become addicted huge short term deals, leveraging the risk, and getting in and out in a hurry. Not only will none of them ever again actually think through how to make money financing homes or cars without bankrupting those making the purchase, they're even busy trying to figure out how to turn credit cards over to the government as well. Then they're free to focus on the real theft, theft that the little guy pays for and the government covers up for them.
What could possibly go wrong with a system that determines who can and cannot be born based on their DNA, aborts any "mistakes" rather than "punishing" those involved, determines who deserves aid for any and all education, decides what your credit rating is based on your ideological purity, decides who deserves a home of their own, decides who deserves health care, and decides who should be permitted to burden the system for more than 60 years? Really, as long as the brightest people are at the helm, what could go wrong?
This is the same old fascist crap about capital and government elites cooperating to build a better society by breeding for desired traits in the general population the same way cattle are bred. It's the end result of years of work by those who agree with every word in the book "Beyond Freedom and Dignity" that became a leftist must read years ago. The fact that they haven't actually started murdering the feeble minded (as the Nazi news reels called them) or weeding out and disposing of those "condemned to lives unworthy of living" just means that the czars haven't had time to put it into effect yet, not that it isn't part of the plan. If that's not enough, the fact that "brave" democrats are talking about how to deal with the "undue Jewish influence" problem this country has only means that they haven't yet decided on how harsh to be, not that they're just talking trash to garner Islamic votes and money rather than being truly antisemitic themselves.
Regards
Michael Hirsh:
“Palin responded to some of the criticism against her, with a “streak of vindictiveness toward her political enemies.”
Two days after the death of G.O.P. icon Jack Kemp, Newsweek Senior Editor Michael Hirsh posted a classless obituary on Monday, “The Dangers of Amateurism,” calling the football player, politician, and self-taught economist Kemp an “amateur econo-cultist.”
Newsbusters.com
Fannie and Freddie need to go. The problem with the Fed also needs to be looked into. Now I don’t want congress directly controlling the money supply (what a nightmare) but the Fed can’t be allowed to keep interest rates at obscenely low levels for years on end.
As far as the blatant corruption of politicians bailing out their friends and supporters - that’s water under the bridge. The past can’t be corrected; we can only move forward.
How much do reporters hate George Bush? Newsweek correspondent Michael Hirsh appeared on the left-wing Young Turks radio show and cheered on the Iraqi journalist who chucked his shoes at Bush. “They have reason to be upset with the author of this, and a shoe aimed at Bush’s head is not such a terrible expression of some of that frustration.” He suggested the Bush era was a time of “mass hallucination” and Obama’s rise put an end to the madness. Hirsh wished Bush good riddance: “This guy’s about gone, and we can stop pretending that there was any kind of, you know, rational strategic motivation behind this act of war that he committed.” Hirsh said Bush and his team have “blood on their hands,” but will never admit they were wrong. “Bush is not going to end up in The Hague obviously, there’s not going to be any charges against him, and so, you know, a shoe shied at him by an Iraqi journalist might be the one small measure of justice that was achieved.”
Newsbusters.com
Michael Hirsh of the Post’s sister publication, “We are all Socialists Now” Newsweek:
MICHAEL HIRSH, NEWSWEEK: so many of you still seem tied down to your old ideological moorings. on the early evidence obama is not similarly tied down on any level, whether diplomatically or economically (or politically: note his big-tent approach to joe lieberman). a post-ideological presidency — what a novelty, and what a relief! but this new obamian world view, i fear, also puts many of you who are part of this group in danger of imminent irrelevance. cheers, mike hirsh
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