I’m rarely a fan of Bill O’Reilly these days, but it’s about time somebody called that disgusting shyster, Barney Frank, for being such a liar. Bill blasts him here for the role he played in setting up the current financial crisis. Go, Bill!
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Oh yeah. Franks, Chris Dodd, McCain, … a lot of those thieving traitors from both parties in Congress have been on the take from the banks and finance companies for year.
Strip them of their resources and throw ‘em all in a FEMA camp in East Texas–without any ice! That’s what we ought to do with the scheister bankers and thieving congressmen. We’ll see how they shake out in that societal mix. Let them be the ones to battle the alligators to pull the bodies out of the rubble on Galveston Island.
Posted 03 Oct 2008 at 19:40 ¶Well,… Franks and Dodd for sure. But McCain? Not so much. Though there is much about McCain that repulses me, he’s pretty much been on the right side of this financial debacle for years now.
As a matter of fact, even Bill Clinton himself has recently admitted that it was the Democrats in Congress who blocked him at every step when he tried to rein in the financial institutions whose mismanagement lead to this current situation.
Though there are crooks in both major political parties who deserve to be behind bars, this present financial mess is the fault of the Democrat Party, and it’s exclusively Democrats who have been profiting from it.
Posted 03 Oct 2008 at 20:16 ¶Oh, there’s plenty of banking money flowing in both parties’ veins. According to this article http://www.streem.com.au/world/6415-crumbling-wall-st-donates-to-obama-mccain McCain’s current campaign has received 3.6 million from the banking and finance industry. Obama has received at least that much, I’m sure. Both parties are rotten, Roscoe. And that piece of legislation passed by both parties today just handed our Republic over to the bankers.
Posted 03 Oct 2008 at 21:05 ¶While I’m strongly opposed to the legislation that has just passed both Houses, and was opposed to the bill proposed by the President, it’s NOT because it hands “our Republic over to the bankers.” It’s because it extends the government takeover of what should be a free market economy. It’s taxing us nearly a trillion dollars to advance the growth of socialism.
This article, Both Sides of the Financial Crisis, does a better job of describing those factors at play here, imho.
Posted 03 Oct 2008 at 21:38 ¶Right you are, Roscoe. This thing started in the Clinton administration when Bill decided Fannie and Freddie should fulfill the American Dream of home ownership to everyone, whether they could afford it or not. Thus the invention of the subprime mortgage, wherein the payee only pays a percentage of the interest for a period of time at a variable rate. All these poor risk mortgages were defaulted when the sad day arrived for the “homeowners” to begin to pay on the principle. Suddenly the housing market is immersed in bad debt. Wachovia even purchased $24 billion in subprime loans which promptly went bad. Socialism just doesn’t work; and when our gov’t tries to run a bastardized hybrid of Socialism/Capitalism, the whole system is wrecked. What a bunch of blind, greedy fools! And I’m disgusted beyond words at Pelosi/Frank/Obama who redirect the blame from the root of their failed attempt at socialising the housing market to “Wall Street Gone Wild!” And, of course, for the most part, the moronic American public is swallowing it hook, line, and sinker.
Posted 08 Oct 2008 at 23:22 ¶Yep, you’ve got it exactly right, Steve. I don’t know which aggravates me more: the crooked politicians who set the scam up and keep it running, or the media who run cover for them, or the idiotic public who falls for the lies they’re told.
Posted 09 Oct 2008 at 01:45 ¶