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(ABC)   Asked what legislation Congress will pass to address the financial crisis, Senate Majority Leader Harry Reid answered reporters with a blank look as if Basil Fawlty just asked him to hang up a moose head   (blogs.abcnews.com) divider line 277
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6663 clicks; posted to Main » on 17 Sep 2008 at 8:05 PM (5 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2008-09-18 12:38:19 AM
Is that it? that was easy. Your fail milkshake was delicious.

/I drink it up.
 
2008-09-18 12:40:24 AM
communistsarestupid: ? that was easy. Your fail milkshake was delicious.

Indeed :)

Look man, i aint trying to convince anybody of anything, but you need to research a little (no hints, its a pretty easy google) or continue to look like a fool.

Want me to provide links to where the sky is blue :)
 
2008-09-18 12:54:28 AM
cirby: Mors:
You think the GLB Act made this happen? Funny.

I'm sure that's going to be high on the Democratic talking points when people start asking them about how their huge push to get poor people into home ownership back in the 1990s - starting with muscling the big banks to accept low-quality loans - made most of this come about.


Here's the difference: the Democrats enforced rigorous oversight and regulation. Bush & Co. removed this support structure and then were astonished when it all collapsed upon itself.

Get a hint.
 
2008-09-18 01:33:54 AM
US, another socialist country. Heh, I guess soon we will see when the Chinese are buying you out, cheap. Then you bow to Beijing, and possibly, to Saudi's too. Have fun !
 
2008-09-18 01:34:00 AM
I was watching Charlie Rose last night and he had the former CEO of AIG on, and he was SO against a bailout by the feds, saying that he if asked just to LOOK at things, he would do what he could (it was the company HE built BTWY).

Even though it is a loan, it sounded like his contacts would have been able to come close right away to (I THINK he said 60? compared to the 85- but that would have been 60+ the 20 NY is dropping regulation to let them get)

The hard part is that the average consumer does not realize that AIG is NOT in the same area as the rest since they can GET the money they just needed some time.

The US will get the money back no problem, the only thing bad I see in this is that AIG might be forced to dump things that they do not need to dump.

They SHOULD have put the original CEO back in for this since he KNOWS what is needed to retain the core business

Interestingly he HAD an ETHICS/Risk board created to raise alarms when it looked like the company might be thinking of doing something stupid, (He wondered if it was still even THERE)
 
2008-09-18 01:39:58 AM
You guys act like a market correction is a bad thing. This is long overdue. This is the expected result of both parties' policies and it's going to hurt for a while. You can try to patch this with some duct tape and WD-40, but you're just going to make it even worse later on. It would have been better if we let this whole thing run its course in the late 90s.

If you don't want to see this type of thing happen, get the damned government out of the business of regulating the economy. They create political issues out of economic issues which they can manipulate, but they cannot control. After it has been manipulated to the point when everyone sees the fraud, you get the crash.

This is what you're seeing today. Let it crash. It needs to crash. There is no company that is "too big to fail."
 
2008-09-18 01:48:56 AM
I'm convinced that the current batch of congresscritters clearly does not have a) the answers to the problems that face us and/or b) if they did have the answers, they don't have the stones to push legislation to fix them.

If they are an incumbent, (R) or (D), they should be voted out.

Let's at least let someone try to fix the problems, rather than pass important legislation like naming post offices and declaring national watermelon day.

Can we get past the partisan politics of this, and recognize that there are real problems associated with what's going on right now. Let's go through the old legislation, repeal the bad stuff, and if new legislation needs to be passed, make sure it will benefit America, not just the politicians that pass it.

Just damn, already. I am so sick of (R)s and (D)s I could vomit.
 
2008-09-18 02:00:40 AM
farkuufarkinfark: I'm convinced that the current batch of congresscritters clearly does not have a) the answers to the problems that face us and/or b) if they did have the answers, they don't have the stones to push legislation to fix them.

If they are an incumbent, (R) or (D), they should be voted out.

Let's at least let someone try to fix the problems, rather than pass important legislation like naming post offices and declaring national watermelon day.

Can we get past the partisan politics of this, and recognize that there are real problems associated with what's going on right now. Let's go through the old legislation, repeal the bad stuff, and if new legislation needs to be passed, make sure it will benefit America, not just the politicians that pass it.

Just damn, already. I am so sick of (R)s and (D)s I could vomit.


RON PAUL
 
2008-09-18 02:23:59 AM
So can we just start making an official list of everyone that profited from this mess and get them up against a wall yet?
 
2008-09-18 02:43:24 AM
"...push through...renewable energy tax credits and other things."

That's some fine reporting there, Lou.
 
2008-09-18 02:59:50 AM
sarcastrophe: This is what you're seeing today. Let it crash. It needs to crash. There is no company that is "too big to fail."

Eh, I don't mind bailouts if we're looking at 1930's worldwide depression as the alternative. I'll grant you though I don't know how someone predicts that. I certainly don't know enough about the particulars of Fannie Freddie and AIG's businesses to know if their failures could cause it. The Fed obviously seems to think so.
 
2008-09-18 03:07:34 AM
alostpacket: sarcastrophe: This is what you're seeing today. Let it crash. It needs to crash. There is no company that is "too big to fail."

Eh, I don't mind bailouts if we're looking at 1930's worldwide depression as the alternative. I'll grant you though I don't know how someone predicts that. I certainly don't know enough about the particulars of Fannie Freddie and AIG's businesses to know if their failures could cause it. The Fed obviously seems to think so.


Not that I'm rooting for a financial apocalypse, but maybe if people have their cheeseburgers and plasma TVs threatened they'll wake the fark up and rein in our insane government. I guess that's too much to hope for.
 
2008-09-18 03:20:00 AM
communistsarestupid: alostpacket: communistsarestupid: Whargarbl

good comeback! seriously though, as you may have seen I have been trying to learn more about this and actually debate who may be responsible. I actually am all ears for people with references. So please have at it if you have more that claim this was the democrats that killed the bill. Seems to me the Republicans who chair the house financial services committee would be considered quite the authority on this issue.

Wait, I claimed democrats killed the bill? It never made it past the house, doesn't mean that Obama or the democrats did shiat, because they didn't.


A couple of posts back you quoted a post (adding a big "THIS") that said democrats killed the bill which is, in fact, not true.

The bill enjoyed bi-partisan support until it got to the senate committee at which point both parties tried to attach amendments which eroded the support down party lines. because the republicans controlled the banking committee, their amendments were approved to be attached to the bill and the democratic amendment were not. At this point republicans did not remove their partisan amendment but would not send the bill to the senate floor because they feared they had lost bi-partisan support. Additionally, the sponsor of the original house bill Rep. Oxley (R-Ohio) claims it was Bush and Greenspan that eroded the support for the bill.

So who does it look like killed the bill to you? Oh wait now you are changing your story to "well the democrats should have known better?" Because it looks like both sides at least worked at it, which is why it's important to determine who killed the bill, isn't it? Or is this somehow Obama's fault?

I like this, it's like you have a nice blend of being willfully obtuse, back pedaling, moving the goal post, and changing your story. I salute your rhetoric sir. Perhaps you can post a one word whargarbl comeback again.
 
2008-09-18 03:26:40 AM
Dictatorial_Flair: Not that I'm rooting for a financial apocalypse, but maybe if people have their cheeseburgers and plasma TVs threatened they'll wake the fark up and rein in our insane government. I guess that's too much to hope for.

well, part of me agrees with you there, but at the same time it would be ideal if we could reform government without such a terrible wake-up call. I know it's idealist of me to think that. but despite my doom and gloom seeming posts sometimes, I do have faith overall in humanity and people's ability to learn from history and act with greater ethics and determination than before. Hell, if I didn't believe that I would never sleep at night.

As an aside too, I don't think food and consumer excess is really that related to this current economic crisis.
 
2008-09-18 03:33:38 AM
alostpacket: Dictatorial_Flair: Not that I'm rooting for a financial apocalypse, but maybe if people have their cheeseburgers and plasma TVs threatened they'll wake the fark up and rein in our insane government. I guess that's too much to hope for.

well, part of me agrees with you there, but at the same time it would be ideal if we could reform government without such a terrible wake-up call. I know it's idealist of me to think that. but despite my doom and gloom seeming posts sometimes, I do have faith overall in humanity and people's ability to learn from history and act with greater ethics and determination than before. Hell, if I didn't believe that I would never sleep at night.

As an aside too, I don't think food and consumer excess is really that related to this current economic crisis.


I, on the other hand, never cease to be amazed at the number of people that manage to dress themselves every day. :P (Not really guys, calm down.) Guess that's why I sleep so poorly...

I'm not saying food and consumer "excess" caused anything here, just that the day to day lives of large numbers of average people will most likely have to be seriously disrupted before ANYTHING happens to correct our situation. Much less something that would cause lasting change. Look at all of the things we've stood idly by and watched already and tell me that anyone is going to do anything before it comes to food riots or concentration camps. I'm not holding out much hope, the people who would normally stir things up are probably too afraid of being disappeared to try.
 
2008-09-18 03:38:56 AM
cirby: Mors:
You think the GLB Act made this happen? Funny.

I'm sure that's going to be high on the Democratic talking points when people start asking them about how their huge push to get poor people into home ownership back in the 1990s - starting with muscling the big banks to accept low-quality loans - made most of this come about.


Typical Republican swill. Pretend the only factors leading into this occurred from 1992-2001 (forget that the congress was Republican, blame Clinton) and 2006-present (forget bush, the president has nothing to do with this). Nevermind the billion a week we are spending to kill our sons and daughters. Just ignore everything to make the other side look bad.
 
2008-09-18 04:01:48 AM
This thread is useless without pics.
 
2008-09-18 05:55:39 AM
I'm still broke from the last bubble burst.

And I'm getting a kick out of these comments.
 
2008-09-18 07:05:41 AM
Barack Obama: beware of the "poverty of ambition" in a culture of "the big house and the nice suits."
 
2008-09-18 07:35:04 AM
communistsarestupid: I'm still waiting for you to cite even one democratic senator who raised the alarm on fannie and freddy.

[crickets chirping]



/I heard McCain did back in 2006

//don't ask me to look it up
 
2008-09-18 08:23:56 AM
kmmontandon: I'd probably answer with a blank look if I were asked how many Band-Aids I'd use to treat a sucking chest wound.

+1

Couldn't have said it better...which is why I just put a +1 rather than add anything of substance...um, yeah...I should really think these things through before I start typing...
 
2008-09-18 09:18:57 AM
Beatles --Piggies -- 1968's The White Album

Have you seen the little piggies
Crawling in the dirt
And for all the little piggies
Life is getting worse
Always having dirt to play around in.

Have you seen the bigger piggies
In their starched white shirts
You will find the bigger piggies
Stirring up the dirt
Always have clean shirts to play around in.

In their sties with all their backing
They don't care what goes on around
In their eyes there's something lacking
What they need's a damn good whacking.

Everywhere there's lots of piggies
Living piggy lives
You can see them out for dinner
With their piggy wives
Clutching forks and knives to eat their bacon.
 
2008-09-18 09:45:19 AM
alostpacket: communistsarestupid: alostpacket: communistsarestupid: Whargarbl

good comeback! seriously though, as you may have seen I have been trying to learn more about this and actually debate who may be responsible. I actually am all ears for people with references. So please have at it if you have more that claim this was the democrats that killed the bill. Seems to me the Republicans who chair the house financial services committee would be considered quite the authority on this issue.

Wait, I claimed democrats killed the bill? It never made it past the house, doesn't mean that Obama or the democrats did shiat, because they didn't.

A couple of posts back you quoted a post (adding a big "THIS") that said democrats killed the bill which is, in fact, not true.

The bill enjoyed bi-partisan support until it got to the senate committee at which point both parties tried to attach amendments which eroded the support down party lines. because the republicans controlled the banking committee, their amendments were approved to be attached to the bill and the democratic amendment were not. At this point republicans did not remove their partisan amendment but would not send the bill to the senate floor because they feared they had lost bi-partisan support. Additionally, the sponsor of the original house bill Rep. Oxley (R-Ohio) claims it was Bush and Greenspan that eroded the support for the bill.

So who does it look like killed the bill to you? Oh wait now you are changing your story to "well the democrats should have known better?" Because it looks like both sides at least worked at it, which is why it's important to determine who killed the bill, isn't it? Or is this somehow Obama's fault?

I like this, it's like you have a nice blend of being willfully obtuse, back pedaling, moving the goal post, and changing your story. I salute your rhetoric sir. Perhaps you can post a one word whargarbl comeback again.


You still haven't showed me a democratic senator who knew fannie and freddy were a threat and acted on it.

John McCain Did.

That's what I was THIS ing.

You're being pretty obteuse yourself. Sorry your boy obama knows less about the economy than someone who admits he knows little about economics but them's the breaks.
 
2008-09-18 12:31:09 PM
MellwoodDitworthy: "But they voted for an updated version of the bill in December of 1999 and President Clinton signed it. Reid and all but 7 Democrats in office at the time voted for the version of the bill that ultimately became law even though he said he opposed the bill when he spoke on the Senate floor today."


We've always been at war with Eastasia.



Winna
 
2008-09-18 01:01:27 PM
The Democrats may be as likely to continue the war, but you're overlooking that the Democrats are much less likely to start a new war. Moreover, Democrats are going to continue at a lesser commitment of American military force than are the Republicans.

OK, Sport - you're off topic & I really shouldn't bite at your trolling.

But, if you can manage to pull your head out of your arse long enough: make a list of American wars and/or skirmishes and/or invasions, then list the administraion at the outset.
 
2008-09-18 01:10:07 PM
No no no! Harry Reid not a Senator! Is a Siberian hamster!
 
2008-09-18 07:16:50 PM
communistsarestupid:
You still haven't showed me a democratic senator who knew fannie and freddy were a threat and acted on it.

John McCain Did.

That's what I was THIS ing.

You're being pretty obteuse yourself. Sorry your boy obama knows less about the economy than someone who admits he knows little about economics but them's the breaks.


What part of "both parties worked on this in 2005" don't you understand?

You've been proven wrong, repeatedly. Then you change your claim and get proven wrong again.

Go play in traffic and let the adults talk.
 
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