[Rhodes22-list] Rep. Henry Waxman, D-Calif/Let the games begin.

Sun Nov 12 11:43:19 EST 2006

One of the reasons I say it is the fault of the banks is that I think there
may be a problem coming up soon where many will default on loans due to
these balloon payments.  Then the banks have made bad decisions on lending
the money.  I also believe the banks are partially at fault as they tend to
gloss over the negatives of the programs in order to get the business.  I
know, buyer beware, but I believe the banks have an ethical and moral
obligation here that they don't always live up to.

Hank

On 11/12/06, Rik Sandberg <sanderico at earthlink.net> wrote:
>
> Hank and Wally,
>
> No, people buying homes on 100% credit and interest only loans (and ARMs
> and all the other gimicks) is purely and simply the fault of the people
> who were foolish enough to do it and no one else. Not Bush OR the banks
>
> When it comes back to haunt them I hope they will finally figure out
> that stupid is supposed to be painful. But, I can hear the whining
> coming already and I know there's some one out there that will want to
> bail them all out of their troubles, troubles that could have been
> avoided by paying attention in second grade math.
>
> I'm no economic rocket scientist, but I had no trouble seeing all this
> coming. What were they all thinking???
>
> Rik
>
> Hank wrote:
> > Wally,
> >
> > People buying homes on 100% credit and interest only loans is the
> > fault of
> > the banking industry, not Bush.  That's a bit of a stretch, don't you
> > think?
> >
> > Hank
> >
> > On 11/12/06, TN Rhodey <tnrhodey at hotmail.com> wrote:
> >>
> >> Brad,
> >>
> >> Do you really think Condi is hot?
> >>
> >> I don't expect much from the Dems but Bush deserves most of the blame
> >> for
> >> this mess. He did lead us into this mess and the buck stops with him.
> >> I do
> >> think any impeachment attempts would be a waste of time. We know now
> >> that
> >> many of the reasons given for attacking Iraq were not true. The people
> >> didn't welcome us, they were not close to obtaining nuke capability. We
> >> were
> >> also told it would take 6 months, we would not have long term
> >> presence and
> >> so on. Most of our politicians were scared to look weak on terror so
> >> they
> >> voted to support/fund the war.
> >>
> >> There are many economic indicators. Much of "middle class America" is
> >> living
> >> paycheck to paycheck. Savings are way down. Many people are buying
> homes
> >> they can't afford with 100% financing using interest only loans. These
> >> loans
> >> have balloon payments due down the road. Home foreclosures are way up.
> >> Credit card debt is huge. People drive nice cars but the bank owns
> them.
> >> The
> >> economy is doing ok because people are still buying. However we have
> >> troubled auto and airline industry and we can't  make anything. I am
> not
> >> blaming any politician for this problem. Only pointing out that some
> >> numbers
> >> are doing well. We all know how fast stocks can drop. All these gains
> >> can
> >> be
> >> lost in a day. Debt will take years to pay off.
> >>
> >> Wally
> >>
> >>
> >>
> >> >From: "Brad Haslett" <flybrad at gmail.com>
> >> >Reply-To: The Rhodes 22 mail list <rhodes22-list at rhodes22.org>
> >> >To: "The Rhodes 22 mail list" <rhodes22-list at rhodes22.org>
> >> >Subject: Re: [Rhodes22-list] Rep. Henry Waxman, D-Calif/Let the games
> >> >begin.
> >> >Date: Sun, 12 Nov 2006 05:24:57 -0600
> >> >
> >> >David,
> >> >
> >> >I'll bite too!
> >> >
> >> >Since you know about management, you probably know about the company
> >> policy
> >> >of not getting hummers on company property, at least that's the
> >> policy at
> >> >my
> >> >employer (I had a co-worker get fired for enjoying himself too much in
> >> >first-class returning from Europe with a friendly companion).  If it
> >> were
> >> a
> >> >ballot initiative, I'd vote for it, but alas, such is not the case.
> >> Clinton
> >> >got impeached for something that we'd all lie about.  Except, he lied
> >> under
> >> >oath.  He was elected to be chief executive and commander-in-chief,
> not
> >> to
> >> >increase his potential audience of young paramours. But I digress,
> >> we're
> >> >not
> >> >talking about Slick Willy.  Impeaching Willy was a waste of time and
> >> >resources, fun, but not very productive.  Of course there is talk of
> >> >payback!  Politics is a contact sport!
> >> >
> >> >The more I think about it, the incoming Dems should investigate the
> >> hell
> >> >out
> >> >of everything.  Start with pre-war intelligence.  Most of these
> >> guys/gals
> >> >voted for the war so what happened?  Did that dumbass academic
> >> >under-achiever Bush read the intelligence report to them or did they
> >> read
> >> >it
> >> >themselves?  When Clinton, Gore, Kerry, Pelosi, et al, reached the
> same
> >> >conclusions years earlier based on 'intelligence', were they lying
> >> or was
> >> >Bush reading it to them at that time as well? By all means, lets
> >> >investigate!
> >> >
> >> >Bush did run off talent.  He ran off Janet Reno because he didn't want
> >> his
> >> >ranch near Waco attacked.  He ran off Madeleine Albright because
> >> foreign
> >> >leaders we're afraid to look at her and Condi is HOT!  There were
> >> probably
> >> >some others.
> >> >
> >> >He weakened the balance sheet?  Maybe yours brother, not mine.  A
> >> 12,000
> >> >DOW
> >> >has done wonders for my 401K.
> >> >
> >> >He did squander some alliances.  We can't count on France to watch our
> >> back
> >> >anymore!
> >> >
> >> >By all means, let's investigate everything, starting with Katrina.  As
> >> long
> >> >as everyone is pinned down in committee meetings and investigations,
> >> they
> >> >can't pass legislation to get in our pockets.
> >> >
> >> >Bring em' on!
> >> >
> >> >Brad
> >> >
> >> >
> >> >On 11/12/06, David Bradley <dwbrad at gmail.com> wrote:
> >> >>
> >> >>OK, Herb, I'll bite.
> >> >>
> >> >>You made a comment that an investigation of the Bush administration
> is
> >> >>political payback, vs. fixing the things that are wrong.  I said I
> >> hoped
> >> >>they did, in fact, do a thorough investigation after years of
> >> >>mismanagement,
> >> >>and that the poliitcal/media rhetoric wouldn't get in the way.  You
> >> seemed
> >> >>to think the term mismanagement is somehow a mischaracteriztion, and
> >> that
> >> >>the president has made decsions appropriately within the context of
> >> his
> >> >>political platform.
> >> >>
> >> >>When politicians talk, I think they are many steps removed from the
> >> >>reality
> >> >>of every situation they discuss as they try to simplify, spin, or
> >> twist
> >> >>what
> >> >>is almost always a complex situation.  Then the media get ahold of it
> >> and
> >> >>it's even further removed from reality.  That's why I think the
> >> rhetoric
> >> >>is
> >> >>dumb -- because it never does a fair job of explaining what's really
> >> going
> >> >>on.  It gets in the way of the kind of reasoned debate that -- well
> --
> >> >>managers would be expected to undertake in running a business.
> >> >>
> >> >>I don't know much about politics, but I know a little bit about
> >> >>management.
> >> >>I think the president was elected and paid to be a chief executive
> and
> >> >>commander in chief.  At least one of those jobs is about
> >> management.  The
> >> >>list of bad management decisions he made seems pretty long, in my
> >> opinion
> >> >>(and it sounds like maybe yours too?).  He dangerously weakened the
> >> >>balance
> >> >>sheet.  He squandered alliances and resources.  He drove away
> >> talent.  He
> >> >>embarked on a war with no plan to succeed based on weak
> >> intelligence and
> >> >>emotional decisions.  He put weak managers in place.  He surrounded
> >> >>himself
> >> >>with people who think like him.  He ran the place like a damn family
> >> >>business.  None of that can be explained away by a political
> platform.
> >> >>
> >> >>I truly hope a change of course in Washington can put a spotlight
> >> on as
> >> >>much
> >> >>bad decision making as possible, to head off any more stacking of the
> >> >>deck,
> >> >>and to take advantage of a CYA window for a bilateral Congress to
> >> try to
> >> >>set
> >> >>some things right.
> >> >>
> >> >>
> >> >>Dave B
> >> >>
> >> >>
> >> >>On 11/11/06, Herb Parsons <hparsons at parsonsys.com> wrote:
> >> >> >
> >> >> > "dumb rhetoric" - would that be things like "6 years of
> >> mismanagement
> >> >> > (with two more to go).
> >> >> > I think the thing that galls me the most when I see things like
> >> that
> >> is
> >> >> > the fact that after 4 years, he not only got to keep his job, he
> >> got
> >> it
> >> >>by
> >> >> > more votes and a larger margin than the first time around.
> >> >> >
> >> >> > Guys, the one you didn't want being in charge does NOT amount to
> >> >> > "mismanagement".
> >> >> >
> >> >> > The guy who won doing things the way he said he was going to,
> >> although
> >> >>it
> >> >> > may be unheard of in politics these days, is NOT mismanagement.
> >> >> >
> >> >> >
> >> >> > Herb Parsons
> >> >> >
> >> >> > S/V O'Jure
> >> >> > 1976 O'Day 25
> >> >> > Lake Grapevine, N TX
> >> >> >
> >> >> > S/V Reve de Papa
> >> >> > 1971 Coronado 35
> >> >> > Lake Pontchartrain, Louisiana Coast
> >> >> >
> >> >> > >>> dwbrad at gmail.com 11/11/2006 12:30:14 pm >>>
> >> >> > Hmm.  It seems to me that 6 years of mismanagement (with two
> >> more to
> >> >>go)
> >> >> > warrants an evaluation.  I sure hope they start now in what is
> sure
> >> to
> >> >>be
> >> >> > a
> >> >> > long process of "unstacking the deck."  It sure would be nice if
> >> they
> >> >> > could
> >> >> > keep the dumb rhetoric to a minimum while doing it, but that's
> >> probably
> >> >> > too
> >> >> > much to hope for, and to me not all that important.
> >> >> >
> >> >> > Dave B.
> >> >> >
> >> >> >
> >> >> > On 11/11/06, Herb Parsons <hparsons at parsonsys.com> wrote:
> >> >> > >
> >> >> > > That's his version of "bi-partisanship" and "returning
> >> civility to
> >> >>the
> >> >> > > Congress".
> >> >> > >
> >> >> > > So, instead of working on "fixing all those wrongs" they say,
> the
> >> >>Dems
> >> >> > are
> >> >> > > going to concentrate on a little payback for Clinton.
> >> >> > >
> >> >> > >
> >> >> > > Herb Parsons
> >> >> > >
> >> >> > > S/V O'Jure
> >> >> > > 1976 O'Day 25
> >> >> > > Lake Grapevine, N TX
> >> >> > >
> >> >> > > S/V Reve de Papa
> >> >> > > 1971 Coronado 35
> >> >> > > Lake Pontchartrain, Louisiana Coast
> >> >> > >
> >> >> > > >>> R22RumRunner at aol.com 11/10/2006 7:32:15 pm >>>
> >> >> > >
> >> >> > > LOS ANGELES - The Democratic  congressman who will investigate
> >> the
> >> >>Bush
> >> >> > > administration's running of the  government says there are so
> >> many
> >> >>areas
> >> >> > > of
> >> >> > > possible wrongdoing, his biggest  problem will be deciding which
> >> ones
> >> >>to
> >> >> > > pursue.
> >> >> > > There's the response to Hurricane  Katrina, government
> >> contracting
> >> in
> >> >> > Iraq
> >> >> > > and on homeland security, political  interference in regulatory
> >> >> > decisions
> >> >> > > by the
> >> >> > > Environmental Protection Agency and  the Food and Drug
> >> >>Administration,
> >> >> > and
> >> >> > > allegations of war profiteering, Rep.  Henry Waxman, D-Calif.,
> >> told
> >> >>the
> >> >> > > Los
> >> >> > > Angeles Chamber of Commerce.
> >> >> > > "I'm going to have an interesting  time because the Government
> >> Reform
> >> >> > > Committee has jurisdiction over everything,"  Waxman said
> Friday,
> >> >>three
> >> >> > > days after
> >> >> > > his party's capture of Congress put him in  line to chair the
> >> panel.
> >> >> > "The
> >> >> > > most
> >> >> > > difficult thing will be to pick and  choose."
> >> >> > > __________________________________________________
> >> >> > > Use Rhodes22-list at rhodes22.org, Help? www.rhodes22.org/list
> >> >> > >
> >> >> > > __________________________________________________
> >> >> > > Use Rhodes22-list at rhodes22.org, Help? www.rhodes22.org/list
> >> >> > >
> >> >> >
> >> >> >
> >> >> >
> >> >> > --
> >> >> > David Bradley
> >> >> > +1.206.225.7793
> >> >> > dwbrad at gmail.com
> >> >> > __________________________________________________
> >> >> > Use Rhodes22-list at rhodes22.org, Help? www.rhodes22.org/list
> >> >> >
> >> >> > __________________________________________________
> >> >> > Use Rhodes22-list at rhodes22.org, Help? www.rhodes22.org/list
> >> >> >
> >> >>
> >> >>
> >> >>
> >> >>--
> >> >>David Bradley
> >> >>+1.206.225.7793
> >> >>dwbrad at gmail.com
> >> >>__________________________________________________
> >> >>Use Rhodes22-list at rhodes22.org, Help? www.rhodes22.org/list
> >> >>
> >> >__________________________________________________
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> >>
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