If Obama was a white man ?

So if he loses are ya’ll gonna cry racism ?

Face it - GOP laizzez faire economics have once again failed, doing themselves in.

JMJ

To wit.
Go to the actual documents that were presented to congress
B R O !!!!

What could cost Obama the election.
http://www.newsbusters.org/blogs/john-stephenson/2008/09/22/why-doesnt-media-report-facts-where-blame-belongs-financial-crisis

The Facts: In May 2006, McCain was speaking on the Senate floor in support of the Federal Housing Enterprise Regulatory Act of 2005, a plan he had co-sponsored. In the speech, he cited a federal report, saying that “Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets.” He also noted a $3.8 million fine Freddie Mac had recently paid to the Federal Elections Commission over problems with disclosure of its political lobbying.

“These are entities that have demonstrated over and over again that they are deeply in need of reform,” McCain said in the speech. He urged senators to support changing how the institutions were overseen by the government. “If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole,” McCain said in the speech.

The legislation, which never became law, would have moved oversight of Fannie and Freddie from the department of Housing and Urban Development to an independent Federal Housing Enterprise Regulatory Agency.”

McCain spoke forcefully on May 25, 2006, on behalf of the Federal Housing Enterprise Regulatory Reform Act of 2005 (via Beltway Snark):
Mr. President, this week Fannie Mae’s regulator reported that the company’s quarterly reports of profit growth over the past few years were “illusions deliberately and systematically created” by the company’s senior management, which resulted in a $10.6 billion accounting scandal.
The Office of Federal Housing Enterprise Oversight’s report goes on to say that Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets in order to trigger bonuses for senior executives. In the case of Franklin Raines, Fannie Mae’s former chief executive officer, OFHEO’s report shows that over half of Mr. Raines’ compensation for the 6 years through 2003 was directly tied to meeting earnings targets. The report of financial misconduct at Fannie Mae echoes the deeply troubling $5 billion profit restatement at Freddie Mac.
The OFHEO report also states that Fannie Mae used its political power to lobby Congress in an effort to interfere with the regulator’s examination of the company’s accounting problems. This report comes some weeks after Freddie Mac paid a record $3.8 million fine in a settlement with the Federal Election Commission and restated lobbying disclosure reports from 2004 to 2005. These are entities that have demonstrated over and over again that they are deeply in need of reform.
For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac–known as Government-sponsored entities or GSEs–and the sheer magnitude of these companies and the role they play in the housing market. OFHEO’s report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO’s report solidifies my view that the GSEs need to be reformed without delay.
I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform

{{{{ Act of 2005, S. 190, }}}}

to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.
I urge my colleagues to support swift action on this GSE reform legislation.
In this speech, McCain managed to predict the entire collapse that has forced the government to eat Fannie Mae and Freddie Mac, along with Bear Stearns and AIG. He hammers the falsification of financial records to benefit executives, including Franklin Raines and Jim Johnson, both of whom have worked as advisers to Barack Obama this year. McCain also noted the power of their lobbying efforts to forestall oversight over their business practices. He finishes with the warning that proved all too prescient over the past few days and weeks.
What was this bill? The act would have done the following:
(1) in lieu of the Office of Federal Housing Enterprise Oversight of the Department of Housing and Urban Development (HUD), an independent Federal Housing Enterprise Regulatory Agency which shall have authority over the Federal Home Loan Bank Finance Corporation, the Federal Home Loan Banks, the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Mortgage Corporation (Freddie Mac); and (2) the Federal Housing Enterprise Board.
Sets forth operating, administrative, and regulatory provisions of the Agency, including provisions respecting: (1) assessment authority; (2) authority to limit nonmission-related assets; (3) minimum and critical capital levels; (4) risk-based capital test; (5) capital classifications and undercapitalized enterprises; (6) enforcement actions and penalties; (7) golden parachutes; and (8) reporting.
It never made it out of committee. Chris Dodd, then the ranking member of the Banking Committee and now its chair, was in the middle of receiving preferential loan treatment from Countrywide Mortgage, one of the companies gaming the system in the credit crisis. Meanwhile, Barack Obama took hundreds of thousands of dollars from the lobbyists McCain mentions in this speech, making him the #2 recipient of Fannie/Freddie money:”

Even Clinton puts this mess on the left

PRESIDENT BILL CLINTON: “I think the responsibility that the Democrats have may rest more in resisting any efforts by Republicans in the Congress or by me when I was President to put some standards and tighten up a little on Fannie Mae and Freddie Mac.”

In 2 years Fanny And Freddy lost 90% of its worth. Why is Frank going to work today?

http://777denny.wordpress.com/2008/09/20/mccain-warned-now-the-freddie-macfannie-mae-democratic-economy-gets-bailed-out-at-a-cost-of-a-trillion-dollars/

Heres a transcript of the letter McCain issued warning of this

http://www.humanevents.com/article.php?id=28973

Yea, theres plenty of blame to go around. But mostly with YOUR GUYS.

————————————————————————————

Also, its not the feds job to respond to natural disaters until the state calls them as they are the first responders in natural disasters so your poll is bogus and a BS spin around the facts because Blanco and Nagin were neglegent in communicating to the fed soon enough.

These are facts dude, that is protocol for any state.
By the time the fed got there they had to pick up the clusterf*** that Nagin and Blaco had left them

To wit, you said, “Prove it.”

The proof:

http://politicalticker.blogs.cnn.com/2008/09/22/republicans-blamed-obama-gains-over-financial-crisis/

“A new CNN/Opinion Research Corporation Poll suggests that by a 2-to-1 margin, Americans blame Republicans over Democrats for the financial crisis that has swept across the country the past few weeks”

http://legacy.rasmussenreports.com/2005/Katrina.htm

“Just 28% of Americans give say that the federal government has done a good or an excellent job responding to Hurricane Katrina. Another 25% say the government has done a fair job while 45% say poor.”

(remember, that was a GOP federal gov’t)

Americans may not be the most politically astute people in the world, but they ain’t that stupid.

JMJ

The mortgage market ?

Oh my god you’re on a roll today, arent you ?
You cant be freaking serious ?

F&F along with all I mentioned above and the documented attempts of McCain trying to stop this train wreck and you’re still gonna try and put it on the right ?

Hahahahaha, I know you’re just doing your job, but really ?
At the risk of looking like what ?

As you would say “PUHLEEESE”

Go ahead, make my day, I have all the documentation reflecting how you guys screwed this market up since 29 so bad its not even funny.
As a matter of fact I showed it all to you a few days ago and you said that sessions on the hill werent valid simply because the info came from a right wing blog.
Thats the best you could do to bolster your side.
YOU LOST !!!
And you still keep banging that drum that its the rights fault.
Regardless, the session took place and it doesnt matter who provided the transcript.
Meltdown.

What happened?

“Harry Reid and Senate liberals protect corrupt mortgage giants.
Chris Dodd takes big money from Fannie and Freddie. Dodd kills reform and secures a sweetheart mortgage for himself.
Fannie Mae and Freddie Mac commit extensive financial fraud. And need to be bailed out with $200 billion in taxpayer money. The economy spirals into chaos ”

Want me to show you the proof ?
Ill be your google momma, go ahead, try me.

Phhht

JMJ

Oh, its also laughable that you are giving Eric journalistic advice.

You made my day pal, thanks for the chuckle. Next thing you know you’ll be telling how to run a restaurant.
Wait a minute….
Yea, you actually did that once before also

“blaming the Dems for Katrina will never fly.”

But boy o boy did the left ever try to blame it on the right.

Whetehr it flys or not the facts are that Nagin and Blanco were asleep at the wheel.
Maybe if either had a clue they could of recieved more fed assistance.

And yea, you blame a good portion of todays debacle on the left.
What ? You gonna blame it on the Bush tax cuts ?

The facts are in bro and theres more dirt on the hands of the left by far.
No two ways about it , no doubt about it , hands down no questions about it does a frog pee in the water truth you guys own the majority of this crap from the days of Carter , Clinton, Frank, Dodd, Pelosi,Reid, Schumer. ACORN, CRA….
All on the take !!!!