"Oops, I broke the economy". That's all they have to say about this?

Wow...he really farking said that. Just amazing.

In other words, they have admitted fault. I suppose this is an improvement from the past.

Then again, way to go farking up the economy.

Normal people can't finance anything and everything they want the same way the republicans have for the last 8 years? Unpossible.

Apparently, John Snow actually did know nothing...Guess Ygritte was right...

Burn him. Somebody, set him on fire.

FuturePastNow: Burn him. Somebody, set him on fire.

Come on, everyone knows Snow is non-flammable.

Well, they DID say that they were going to run things like a corporation...

Snarfangel: FuturePastNow: Burn him. Somebody, set him on fire.

Come on, everyone knows Snow is non-flammable.



/hot, so very hot

AAaaand fail.

http://i13.photobucket.com/albums/a276/ashleycapri/BurningSnowMan.jpg

do it yerself then

/mutters while wandering from thread

dj_bigbird: Wow...he really farking said that. Just amazing.

Yeah, that's one of those things you think, "surely, someone is just making that up or taking it out of context..." much like the McCain advisor's "whiners" with all of the economic troubles "in our heads."

You just have to wonder how someone gets THAT out of touch with reality... I mean, it's like being from another planet or something.

big_pth: Apparently, John Snow actually did know nothing...Guess Ygritte was right...


*golf clap*

.... wow. Not satire.

Reminds me of this:
The Subprime Mortgage Primer

Heckuva job there...

Remind me why we should appoint people for their loyalty and ideology instead of the skill again? How's that American Enterprise Institute endorsement working out for you?

What, he WAS a Visiting Fellow at the AEI?

Brilliant thinking kids. Simply brilliant...

hubiestubert: Heckuva job there...

Remind me why we should appoint people for their loyalty and ideology instead of the skill again? How's that American Enterprise Institute endorsement working out for you?

What, he WAS a Visiting Fellow at the AEI?

Brilliant thinking kids. Simply brilliant...

I wanna keep this story around to deal with the next "Waaah Obama isn't appointing enough liberals who agree with me on everything and he's appointing people who might be good at the job instead" whiner.

/there aren't as many of those as some would have you believe
//some people showing their "concern", that is

The housing bubble at the root of this whole mess was created by the fact that government decided everyone in America had to have "affordable housing", whether they could afford it or not. Remember how Bush was bragging about the spike in home ownership in 2004? Yeah, not a coincidence.

Churchill2004: The housing bubble at the root of this whole mess was created by the fact that government decided everyone in America had to have "affordable housing", whether they could afford it or not.

No, the UK managed an even bigger housing bubble without government encouragement.

The banks on both sides of the Atlantic went bonkers with cheap lending to any old fool. The regulators didn't stop it... but the bankers can't avoid responsibility for their own lunatic irresponsible actions.

Churchill2004: The housing bubble at the root of this whole mess was created by the fact that government decided everyone in America had to have "affordable housing", whether they could afford it or not. Remember how Bush was bragging about the spike in home ownership in 2004? Yeah, not a coincidence.

Are you sure it wasn't caused by our use of fiat currency?

Hmm, but the Repubs say this is all the Democrat's fault, it couldn't be their's. At least I am quite vindicated now in having absolute proof that the Republicans did cause the biggest financial crisis in 70 years.

says that he, along with the entire Bush Administration, simply "forgot" that people had to be able to "afford their house."



/ "I can't believe that I actually got away with that shiat ..."

But hey, at least he's against homersexual lib'ruls getting married. And that's SO much more important for a Treasury Secretary in a GOP administration.

Running a-puck: AAaaand fail.

http://i13.photobucket.com/albums/a276/ashleycapri/BurningSnowMan.jpg

do it yerself then

/mutters while wandering from thread

AAaaand YOU FAIL at hotlinking and/or posting images

veedeevadeevoodee:
/ "I can't believe that I actually got away with that shiat ..."

If only the Republicans had won in 2000, and had a majority in both the...

Nope...nevermind. Not worth it :D

big_pth: Apparently, John Snow actually did know nothing...Guess Ygritte was right...

Came for the GRRM reference. Was not disappointed.

A licky boom boom D'OH.

Of course they forgot that people had to be able to afford their homes. It's only the little people that worry about money.

B-B-B-But Barney Frank!

Cripes.

Flame wars and hate threads everyday about the economy. I'm one of the biggest Bush haters on this board but even I realize that it was not only him, but about 90% of everybody else who farked up this economy as well.

In no particular order:

Greenspan
Bush Administration
Clinton Administration
Rating Agencies
SEC
Investment Banks
Mortgage Lenders
GSEs
Commercial Banks
Financial Guarantee Insurers
Large and Small investors
Real estate speculators and property flippers
People who bought over their head on variable rate loans
Pretty much anybody who purchased a home in 2005 or later.

And alot of people need to quit their biatching. If you bought property in 2002 for 300k, it was worth 500k in 2006, and only 400k now, you didn't lose $100k. Same with stocks - they were overvalued from 2005 to 2007 - don't blame anybody else for not keeping them overvalued, you should have sold then.

If you lost your job, you have a legitimate beef. If you were priced out of the housing market, you have a legitimate gripe but its coming back to you now - you should be happy.

John Snow is on the board of directors at Cerberus (along with former VP Dan Quayle), the company that purchased GM for 14 billion two years ago, and Chrysler for 9 billion last year (and subsequently sold half of it).


When you check those figures against what GM and Chrysler are getting for the bailout....you probably won't be shocked.

No big change from the Reagan-era claim that deficits don't matter, which I think Cheney still claims to be true.

Hey John Snow, don't let the bastards get you down. If you off yourself, all is forgiven.

Debeo Summa Credo

My top 10 list is simpler.

The legalized wholesale bribery of Congress.
The legalized wholesale bribery of Congress.
The legalized wholesale bribery of Congress.
The legalized wholesale bribery of Congress.
The legalized wholesale bribery of Congress.
The legalized wholesale bribery of Congress.
The legalized wholesale bribery of Congress.
The legalized wholesale bribery of Congress.
The legalized wholesale bribery of Congress.
The legalized wholesale bribery of Congress.

Well I hope they remind them that the people also have to be able to afford to buy new cars before they go and bail out the auto industry.

Churchill2004: The housing bubble at the root of this whole mess was created by the fact that government decided everyone in America had to have "affordable housing", whether they could afford it or not. Remember how Bush was bragging about the spike in home ownership in 2004? Yeah, not a coincidence.

This has been debated in depth in several threads previous to this. In short. No. Absolutely wrong. Completely, and totally incorrect. In no way related whatsoever.

Thank you for your thoughts, we appreciate your effort and time.

Marcus Aurelius: My top 10 list is simpler.

Congress had very little to do with the crisis, except in that they failed in oversight.

The main problems were with the banks and mortgage companies themselves, and the combination of ARMs resetting with house values dropping, trapping people between payment shock and negative equity.

Pretty much the whole financial industry acted like the housing market would never fall, and they invested as if that was true, and they got burned. Bundling a whole lot of mortgages together does mitigate the risk of individuals being unable to repay, SO LONG AS those events are truly independent, but that's not the case when a market downturn happens.

To be far these are the same idiots that thought that poor people have doctors.

Send him to the Wall!

TheManInBlack: Send him to the Wall!

Dammit. That's what I was going to say.

Heckuva job, Snowie.

They should put John SNow in charge of Chrysler.

Yes, admission! I love rubbing news like this into any Republican I meet that says "Hey, it's not like Bush caused this whole financial meltdown."

YES. HE. DID.

Hey, the nickname «Snowy» is already taken. C'est vrai eh Milou

The Martian Manhandler: Dammit. That's what I was going to say.

big_pth beat us both. Damn TFers.

Shrugging Atlas: Hey John Snow, don't let the bastards get you down. If you off yourself, all is forgiven.

To fall on one's sword would require

a man who considers honor and sacrifice
important

At first I thought the article was quoting Tony Snow but then I remembered he is dead.

Goodnight, funny man.

A campaign of epic stupidity.