Originally posted by: eskimospy
Originally posted by: Butterbean
Vic you don't even see your own contradictions. No wonder your having a bad year (I suspect is not the first).
You are insane and stupid. The world has left you behind and you're mad about it. You ever hear that the best revenge is living well? Well all these people you whine and complain about so much are finally living well; in a few months the kindergarten sex ed people and the homos are going to be running absolutely everything in our government. Not only that, but gay people have become not only accepted, but in some ways fashionable. You on the other hand have become a pathetic, embittered figure reduced to ranting insanely on internet message boards.
Again, I implore you to seek help. It's not too late for you.
Originally posted by: Vic
Originally posted by: Napalm
Originally posted by: Napalm
Originally posted by: Vic
Yeah, Buttertroll, but Gramm, Leach, and Bliley were all Republicans, and it was a Republican congress that wrote it. But quick, blame a Clinton adviser! :roll:
I'm a banker, and IMO people who try to pin this on one party or the other, or play similar partisan politics, are -- in a word -- idiots. Everyone is at fault.
Those using 20/20 hindsight to play petty partisan blame games in this time of crisis only prove themselves to be treasonous trash.
Good point. We wouldn't want to use lessons from history to guide the future.
Oh yeah - and what kind of "trash" are bankers who keep the money when they win and raid taxpayers when they lose? Just curious, Vic the banker.
The taxpayers aren't giving me anything, pally. In fact, this has been a pretty crappy year for me, but thanks for caring. You gotta be a long long long ways higher up the food chain to get in on any of that bailout good times.
What I meant by "trash" (and I thought I was clear but I'll elaborate) are people who keep playing partisan games when it's pretty clear that it's a time where we need to work together. Some of you need to decide, once and for all, what is more important -- America? Or your party? I already know that Buttertroll hates America and loves only his tiny white Protestant fundamentalist Southern heterosexual paleoconservative slice of it, how about you?
Originally posted by: chess9
Originally posted by: smashp
Anybody pointing Blame at Clinto needs to see what MAjority Leader Lott said about who deserves credit for this Bill
MAJORITY LEADER LOTT'S STATEMENT
"Mr. President, let me just take a moment at this time, if the Senator would allow me.
"When the history is written of this session of Congress, it will probably identify this piece of legislation as the single biggest achievement. I have heard this financial services modernization issue discussed for my entire career in the Congress, which is now up to 27 years. It has been tried by Republicans, by Democrats in the Congress, House and Senate, administrations of both parties. It never quite occurred.
"I think it is appropriate we commend all of those who have been involved in this process for bringing us to this moment. This legislation is going to pass overwhelmingly. It is going to bring us into the modern era of financial services. It is going to allow us to be more equally competitive around the world.
"I think we should properly note what has happened. If today's papers are any indication, we passed major trade legislation yesterday and it didn't even make the first section of one of the papers in this city; it wound up in the business section. It was hardly noted, the effort that was put into passing that major free trade legislation. I hope that will not be the case with this major legislation.
"So for all those involved--I won't begin at the top and go to the bottom--obviously Secretary Rubin was involved in earlier discussions; Alan Greenspan was involved; Secretary Summers has been involved. The administration did stay engaged when they could have said we are not going to talk anymore. Leaders in both the House and the Senate, the elected leadership, Democrats and Republicans on both sides of the aisle, on both sides of the Capitol worked to make this happen.
"Let me say for the record--I know, because I watched it very carefully and had some meetings which, I think, helped give it some momentum, some impetus--it would not be where it is today, it would not have been achieved, without the leadership of the senior Senator from Texas, Mr. Gramm. He has done a masterful job. Many people said: It won't happen. Many people said: He will kill it. I kept saying: No; you wait. He will make this happen through thick or thin. It will get done.
"It is being done. To take nothing away from all those involved--including the ranking member of the committee, Senator Sarbanes of Maryland, who was actively involved--I have to note, with a lot of appreciation and gratitude, the tremendous leadership of the Senator from Texas. I don't think he can probably ever replicate this effort again. So I think that at this time we should express our appreciation because it is a monumental achievement."
Forgetting who is to blame, what is the lesson here? Do we really understand how our economy works? If our economy works on greed, why should anyone be surprised that excesses, fraud, and the good old boy network will prevail?
Congress is full of people who are asked to vote on issues they do not understand, and the result is usually something awful. This is but one example.
IMHO, the problem is not with one Party, but the way legislation is written and passed. And this crisis is not different. Congress is going to pass a bill and they will NOT have a clue what the ultimate effects of the bill will be on the American economy.
This is also an example of why we need the best and brightest in government. We don't need any more Quayles, Palins or Bushs, or any number of Dems. We need some clarity and brilliance BEFORE THE HORSES ARE OUT OF THE BARN.
I weep for humanity. We are a sore and dumb species bent on self-destruction.
-Robert
Originally posted by: Napalm
I was quite surprised to learn today during a FoxNews broadcast that it was actually Bill Clinton's administration that signed into law the 1999 Gramm-Leach-Bliley Act. This bill effectively reversed the Glass Steagall Act of 1933 which was designed during the depression to regulate banks and prevent market instability. Most agree that the that the 1999 bill paved the way for the current Sub-Prime fiasco and $700,000,000,000 tax-payer funded bailout.
Clinton?? Why, I wondered, is McCain's campaign not all over this? The people should know that it is not "Bush's failed economic policies", but Clintons's failed economic policies that have created this meltdown!!!
Well not so fast... It was indeed Clinton that signed the bill, BUT MCain voted for the bill before he decided to abstain on an amended version because of provisions that were added to bring Dems on board. To be fair, Biden voted against the bill until this language was added - then he was for it. But most interestingly, it seems that former Republican senator Phil Gramm, who sponsored the bill and later joined a Swiss bank to lobby Washington on its behalf, now is McCain's top economic advisor and co-chairman of McCain's presidental campaign. Wow. Obama is right - you can't even make this stuff up...
First off - it is pathetic that FoxNews doesn't have the balls to give people the full story and secondly, instead of suggesting the firing of SEC's Cox if he was President, perhaps McCain should consider firing Gramm... The current economic mess has its roots right in the McCain campaign...
Originally posted by: Napalm
First off - it is pathetic that FoxNews doesn't have the balls to give people the full story
Originally posted by: GTKeeper
Well, it wouldn't have mattered.
If Clinton vetoed there were enough votes to pass it through.
Originally posted by: alien42
http://www.ickypeople.com/2008...-part-in-subprime.html
i just found this piece from 4-17-07 on the subject that places blame on both sides but it still boils down to Phil Gramm. i was unaware of the Enron connection.
Originally posted by: Moonbeam
Who is Clinton?