Barney Frank & Fannie Mae

[eavesdropper]

[quote=briansd1]That’s exactly how I feel, Gandalf.

The Democrats and Republicans are the establishment. The establishment failed us.

But still within the establishment, there’s proportional guilt; and, for sure, the largest share of guilt belongs to the Republicans.[/quote]

It would appear that your assessment of proportional wrongdoing is accurate, Brian. But does it really matter when you examine the situation in terms of magnitude of wrongdoing.

What I mean is that, for years, the Republicans have made no secret of their role as friends of the wealthy and powerful (what they’ve done in recent years is to successfully convince their loyal lower middle class following that, if not for some bad luck and liberal socialistic Democrat policies, they would be part of that wealthy and powerful constituency). On the other hand, the Democrats have consistently condemned the Repubs for “working for the rich” while trumpeting their own role as a friend to the middle class.

I, for one, can see no difference (aside from a few renegade Congressmen and Senators) between the parties. While I cannot endorse the actions of the Republicans, I am truly sickened by the hypocrisy of the Democrats. You can say that you’re a friend of the less fortunate all you want, but if those words are not put into action, they mean nothing. Since the financial meltdown, there have been no indictments of the principals involved, nor prosecutions or prison sentences. There have been no policy changes: it’s business as usual on Wall Street and in the banks and major investment houses. There is still no oversight. And, aside from what Elizabeth Warren is doing, there is no consumer protection reform.

Corporate CEOs and CFOs are coming to Congress demanding bailout cash (and getting it!), and then telling Congress in the same breath that no restrictions can be placed on how they spend it. Allan posted a link (above) about the government approving astronomical compensation for Fannie Mae and Freddie Mac execs, and the payment of AIG bonuses is old news that still packs a wallop to taxpayers.

I’m no fan of the Republicans who are currently in office, and many of those who held political positions in the last 25 years. They were extremely limited and shortsighted in their formulation of policy change, and we are now attempting to deal with the resulting devastation. But the Democrats’ tacit approval of many of these changes, plus some reformulation of their own, most assuredly compounded the problem. Unless I see many more Democrats come out and actively show support for the poor and middle class they claim to represent, I can’t support them either. Their failure to do so is morally reprehensible. Yes, they are not the party currently in power. But even when they were, they were astoundingly out-of-touch with the realities facing everyday Americans, and staggeringly impotent in ridding America of the corporate parasites who brought us to the precipice of destruction 3 years ago (and who are sure to do so again).

[an]

[quote=briansd1]That’s exactly how I feel, Gandalf.

The Democrats and Republicans are the establishment. The establishment failed us.

But still within the establishment, there’s proportional guilt; and, for sure, the largest share of guilt belongs to the Republicans.[/quote]
I thought you hate hypocrisy more than the actual wrong doing?

[an]

[quote=briansd1]That’s exactly how I feel, Gandalf.

The Democrats and Republicans are the establishment. The establishment failed us.

But still within the establishment, there’s proportional guilt; and, for sure, the largest share of guilt belongs to the Republicans.[/quote]
I thought you hate hypocrisy more than the actual wrong doing?

[an]

[quote=briansd1]That’s exactly how I feel, Gandalf.

The Democrats and Republicans are the establishment. The establishment failed us.

But still within the establishment, there’s proportional guilt; and, for sure, the largest share of guilt belongs to the Republicans.[/quote]
I thought you hate hypocrisy more than the actual wrong doing?

[an]

[quote=briansd1]That’s exactly how I feel, Gandalf.

The Democrats and Republicans are the establishment. The establishment failed us.

But still within the establishment, there’s proportional guilt; and, for sure, the largest share of guilt belongs to the Republicans.[/quote]
I thought you hate hypocrisy more than the actual wrong doing?

[an]

[quote=briansd1]That’s exactly how I feel, Gandalf.

The Democrats and Republicans are the establishment. The establishment failed us.

But still within the establishment, there’s proportional guilt; and, for sure, the largest share of guilt belongs to the Republicans.[/quote]
I thought you hate hypocrisy more than the actual wrong doing?

[CA renter]

Excellent posts, Gandalf and Eavesdropper.

[CA renter]

Excellent posts, Gandalf and Eavesdropper.

[CA renter]

Excellent posts, Gandalf and Eavesdropper.

[CA renter]

Excellent posts, Gandalf and Eavesdropper.

[CA renter]

Excellent posts, Gandalf and Eavesdropper.

[briansd1]

[quote=eavesdropper]. There is still no oversight. And, aside from what Elizabeth Warren is doing, there is no consumer protection reform.
[/quote]

I absolute agree with all that you’ve said, especially in regard to Elizabeth Warren.

My dilemma is which party to support. I can’t possibly vote for Republicans.

I agree that Democrats kiss up to big money also. But they don’t blatantly do it the way Republicans do.

At least we have some (not enough but some) consumer protection and some financial reform.
http://www.latimes.com/business/la-fi-executive-pay-20110529,0,4761118.column?track=rss

I’m not enamored with our capitalist system where money runs everything. But it is what it is; and we must swim with the sharks, or sink.

Also, money is not everything, there are social issues to consider.

Yes, Democrats were complicit with Republicans in causing the 2008 financial crisis. But Republicans and the private bankers, who took advantage of the system to enrich themselves, bear a much greater share of the blame.

In our two-party political system, Democrats are clearly the best choice.

[briansd1]

[quote=eavesdropper]. There is still no oversight. And, aside from what Elizabeth Warren is doing, there is no consumer protection reform.
[/quote]

I absolute agree with all that you’ve said, especially in regard to Elizabeth Warren.

My dilemma is which party to support. I can’t possibly vote for Republicans.

I agree that Democrats kiss up to big money also. But they don’t blatantly do it the way Republicans do.

At least we have some (not enough but some) consumer protection and some financial reform.
http://www.latimes.com/business/la-fi-executive-pay-20110529,0,4761118.column?track=rss

I’m not enamored with our capitalist system where money runs everything. But it is what it is; and we must swim with the sharks, or sink.

Also, money is not everything, there are social issues to consider.

Yes, Democrats were complicit with Republicans in causing the 2008 financial crisis. But Republicans and the private bankers, who took advantage of the system to enrich themselves, bear a much greater share of the blame.

In our two-party political system, Democrats are clearly the best choice.

[briansd1]

[quote=eavesdropper]. There is still no oversight. And, aside from what Elizabeth Warren is doing, there is no consumer protection reform.
[/quote]

I absolute agree with all that you’ve said, especially in regard to Elizabeth Warren.

My dilemma is which party to support. I can’t possibly vote for Republicans.

I agree that Democrats kiss up to big money also. But they don’t blatantly do it the way Republicans do.

At least we have some (not enough but some) consumer protection and some financial reform.
http://www.latimes.com/business/la-fi-executive-pay-20110529,0,4761118.column?track=rss

I’m not enamored with our capitalist system where money runs everything. But it is what it is; and we must swim with the sharks, or sink.

Also, money is not everything, there are social issues to consider.

Yes, Democrats were complicit with Republicans in causing the 2008 financial crisis. But Republicans and the private bankers, who took advantage of the system to enrich themselves, bear a much greater share of the blame.

In our two-party political system, Democrats are clearly the best choice.

[briansd1]

[quote=eavesdropper]. There is still no oversight. And, aside from what Elizabeth Warren is doing, there is no consumer protection reform.
[/quote]

I absolute agree with all that you’ve said, especially in regard to Elizabeth Warren.

My dilemma is which party to support. I can’t possibly vote for Republicans.

I agree that Democrats kiss up to big money also. But they don’t blatantly do it the way Republicans do.

At least we have some (not enough but some) consumer protection and some financial reform.
http://www.latimes.com/business/la-fi-executive-pay-20110529,0,4761118.column?track=rss

I’m not enamored with our capitalist system where money runs everything. But it is what it is; and we must swim with the sharks, or sink.

Also, money is not everything, there are social issues to consider.

Yes, Democrats were complicit with Republicans in causing the 2008 financial crisis. But Republicans and the private bankers, who took advantage of the system to enrich themselves, bear a much greater share of the blame.

In our two-party political system, Democrats are clearly the best choice.

[Author]

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