[Rhodes22-list] Andrew, Elle & Herb, comments on your posts.

[TN Rhodey]

Ed, I do understand it is your opinion that the manipulation of the mortgage
markets by Democrats caused the bubble to burst. Note use of the word
opinion. Also the Dems took control 2 years ago not 4.

While you are pointing fingers.....Do you understand the impact Credit
Default Swaps had on this mess? How did this law get changed??

So are you ready to bail out the auto industry? What next?


Wally


On Sun, Nov 23, 2008 at 7:46 AM, Tootle <ekroposki at charter.net> wrote:

>
> Andrew,
>
> I am sorry about your loss of being able to use credit to conduct your
> business.  Actually, use of credit has little to do with capitalism but
> rather economics Keynesianism and manipulated market theory.
>
> Understand the biggest single cause of the current economic 'Bubble'
> bursting was the manipulation of mortgage market by National Democrats,
> specifically Sen. Dodd of Connecticut and Barney Frank of Massachusetts.
> These two induced Fanny Mae and Freddie Mac to push mortgages without
> historical safeguards.
>
> Specifically they pushed giving mortgages without sufficient down payments
> to assist mortgage lenders in recovering from default and pushed giving
> mortgages with balloon payments to those who would not be able to meet the
> ballooning payment.  Read the information available and you will find that
> the Bush administration requested better oversight and stricter lending
> requirement.  Those two National Democrats and their associates hindered or
> stopped better control.  That is a big part of the current credit crises.
>
> This as Stan would say, according to Cindy Spitzer, was a 'Bubble'.  The
> bursting of this bubble crippled the historically reliable mortgage market
> by making all mortgages credit suspect.  This included all the packages of
> credit made from those mortgages.
>
> This has 'mortally' harmed the credit industry.  This has harmed not only
> getting credit but those who historically have used it to smooth contact
> payments out to pay routine business expenses. This harm caused by Fanny
> Mae
> and Freddie Mac will last 50 years or more.  Thank those in the U. S.
> Congress who wanted to use the credit industry to finance social aims.
> Thank you for supporting those candidates.
>
> So how is above this any different from Obama's other 'Progressive Goals?'
> Unfortunately, those who understand economics understand the problems that
> an Obama administration will have and cause.  Maybe the stock market will
> stabilize?  However, the harm inflicted on U. S. credit will linger.
>
> I am sorry that this will cause you great personal harm.  What were Warren
> Buffett's remarks the other day about future inflation and devaluation of
> the U. S dollar?  Thank Barney and Chris and fellow travelers, and your
> support of those policies and the policies advocates.
>
> Elle said, "Educators haven't 'turned over' discipline; it has been ripped
> out of their control by laws and regulations and lawsuits."  Yes thank
> plaintiff's attorneys for over zealous advocacy of minor issues and nominal
> harms.  We have at least one of those guys, on this forum.  Actually, we
> have several but they lay low least they hear about their activities.
>
> Herb said, "At the same time, if we as parents were more involved in the
> educational process of our children, most of us would be surprised at
> exactly what we can do. However, in the relative vacuum of parental
> involvement, the bureaucracies have thrived like a fungus, and we've ended
> up where we are now."
>
> The simple truth is not all parents have time to be involved.  When both
> parents work, as is needed in today's times to make ends meet, they do not
> have time to attend PTA and other activities.
>
> Discipline was integral when I attended school.  It has been hamstrung by
> bureaucracies and sociopaths and those wanting schools to develop socially
> conscious students.  Just read about the themes advocated by Obama's friend
> Bill Ayers.  He disregards schools to build basic math and communication
> skills for social purposes. Yet, we have so many who follow the sheep
> herder…
>
> Ed K
>
>
>
>
>
> --
> View this message in context:
> http://www.nabble.com/Andrew%2C-Elle---Herb%2C-comments-on-your-posts.-tp20645864p20645864.html
> Sent from the Rhodes 22 mailing list archive at Nabble.com.
>
>
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