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

[TN Rhodey]

Hank,

Well scroll down....you said it was a stretch to blame Bush....my take was 
that you were suggesting that is what I was doing. In any case I don't think 
the economy is in as good shape as some of us on this list believe.

Wally


>From: Hank <hnw555 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: Mon, 13 Nov 2006 08:19:22 -0500
>
>Wally,
>
>Where in my post did I say that you said it was Bush's fault.  I was simply
>saying that the banks are not blameless in this.  I didn't criticize
>anything you said.  Lighten up.
>
>Hank
>
>On 11/13/06, TN Rhodey <tnrhodey at hotmail.com> wrote:
>>
>>Hank,
>>
>>I just reread my post. You have done this before......I did not blame Bush
>>for agressive bank lending policys. I did say the buck stops with the Pres
>>but that was in reference to Iraq, I was commenting that some economic
>>indicators are doing well. Others are not. Also I think it is wrong to
>>blame
>>the banks for these loans. People should know what they are signing. I
>>don't
>>blame Bush either. I was just pointing out ......aw never mind.
>>
>>Also others have mentioned that banks usually sell these loans. This is
>>generally true. These loans are in turn purchased by hedge funds (mostly).
>>The banks in turn have money invested in these hedge funds. Many mutual
>>funds also wind up "owning" these loans. We are building a nice little
>>house
>>of cards. Note - I am NOT blaming our president.
>>
>>Wally
>>
>>
>> >From: Hank <hnw555 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 11:43:19 -0500
>> >
>> >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
>> >> >> >>__________________________________________________
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>> >> >>
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