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Originally Posted by Choux

The financial system is on the brink of bust.

That is proof of Republican malfeasance.

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Seems to me you haven't been reading the posts!

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Originally Posted by Galveston1

Seems to me you haven't been reading the posts!

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Choux has said several times she doesn't read anything from us right-wing, neocon, fascists. I love an open mind, don't you?

I don't read the posts of right wingers... I have seen enough in the past to know they are twisted propaganda.

So, I just 'tell it like it is' and move on.

The near collapse of the American banking system this week is a direct result of actions taken during the Reagan Administration(deregulation) and ending in the catastrophic 8 year administration of Bush... 28 years leading up to free wheeling, unregulated Capitalism, all but 8 years of which were Republican Administrations.
Bush has secured his place as the worst President in the history of the Republic.

Off to happier pursuits. :)

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Originally Posted by NeedKarma

What part of Raines not being part of Obama's political circle do you not understand?

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The part where he is not a part of Obama's political circle. Because he is. Even Raines has said that much... he said that Obama goes to him for political advice on banking and mortgage issues. The Washington Post said that Raines was a member of his campaign before Raines' name became toxic in Washington and Obama had to separate himself from Raines.

Raines, Johnson and Gurelick are all Obama people.

Sorry, Karma, but those little things called facts keep biting you on the butt.

Elliot

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Originally Posted by Choux

The financial system is on the brink of bust.

That is proof of Republican malfeasance.

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Except that it is the Democrats who passed Gramm-Leach-Bliley, who created the Community Reinvestment Act that FORCED banks to make loans to poor people who couldn't afford the loans, and deregulated Fannie and Freddie in 1996. It is also a Democrat-controlled congress that has done NOTHING about this problem (except deny its existence) since 2007 when it first came to light. It's been almost a year and a half since the first banks started filing for bankruptcy protection. Where have Harry Reid and Nancy Pelosi been for the past year and a half? And why have they decided to close up shop at Congress during this crisis?

On the other hand, McCain and Bush have been talking about this problem and trying to pass legislation to fix it since 2003... legislation that has been blocked time and again by... you guessed it... the Democrats.

Yeah, the Republican Congress prior to 2007 spent like drunken sailors, and their malfeasance is crystal clear. That's why they were voted out of office. But it's the DEMS who are in control of Congress now, and have been since this little problem started cropping up in February 2007. Where have they been?

Elliot

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Originally Posted by ETWolverine

The part where he is not a part of Obama's political circle. Because he is. Even Raines has said that much... he said that Obama goes to him for political advice on banking and mortgage issues. The Washington Post said that Raines was a member of his campaign before Raines' name became toxic in Washington and Obama had to separate himself from Raines.

Raines, Johnson and Gurelick are all Obama people.

Sorry, Karma, but those little things called facts keep biting you on the butt.

Elliot

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Ask Me Help Desk - View Single Post - Of foxes and weasels
Please stop making stuff up.

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Originally Posted by Choux

I don't read the posts of right wingers...I have seen enough in the past to know they are twisted propaganda.

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Right on cue :D