Off Topic Clip of Peloski’s speech that cratered deal. She should resign.

[jficquette]

[quote=patientlywaiting]jficquette, what do the GSEs have to do with this bailout here? You’re conflating issues here.

The GSEs have already been nationalized! Remember?

This bailout is to buy the bad paper owned by private banks, not the GSEs.

[/quote]

You don’t think taking over $5 Trillion in debt is an issue here? The GSE’s orginated a lot of this bad debt and sold it to pension funds, other countries, Banks etc.

If the GSE’s had not bought and sold all that bad debt we would not be where we are today.

John

[patientlywaiting]

jficquette, the private banks originated the bad debt. Remember it’s the banks who wrote the mortgages and interacted with the homebuyers who couldn’t afford the houses they bought.

It’s the banks who didn’t do the underwriting and play by the rules.

It’s the banks who told consumers that they could afford those overpriced houses.

It’s the banks that didn’t verify income of debtors although they could do so with the IRS.

It’s Wall Street and the banks that “innovated” and created new financial products.

Then the banks sold that toxic debt to the GSEs in the secondary market.

Self-regulation is no regulation.

[patientlywaiting]

jficquette, the private banks originated the bad debt. Remember it’s the banks who wrote the mortgages and interacted with the homebuyers who couldn’t afford the houses they bought.

It’s the banks who didn’t do the underwriting and play by the rules.

It’s the banks who told consumers that they could afford those overpriced houses.

It’s the banks that didn’t verify income of debtors although they could do so with the IRS.

It’s Wall Street and the banks that “innovated” and created new financial products.

Then the banks sold that toxic debt to the GSEs in the secondary market.

Self-regulation is no regulation.

[patientlywaiting]

jficquette, the private banks originated the bad debt. Remember it’s the banks who wrote the mortgages and interacted with the homebuyers who couldn’t afford the houses they bought.

It’s the banks who didn’t do the underwriting and play by the rules.

It’s the banks who told consumers that they could afford those overpriced houses.

It’s the banks that didn’t verify income of debtors although they could do so with the IRS.

It’s Wall Street and the banks that “innovated” and created new financial products.

Then the banks sold that toxic debt to the GSEs in the secondary market.

Self-regulation is no regulation.

[patientlywaiting]

jficquette, the private banks originated the bad debt. Remember it’s the banks who wrote the mortgages and interacted with the homebuyers who couldn’t afford the houses they bought.

It’s the banks who didn’t do the underwriting and play by the rules.

It’s the banks who told consumers that they could afford those overpriced houses.

It’s the banks that didn’t verify income of debtors although they could do so with the IRS.

It’s Wall Street and the banks that “innovated” and created new financial products.

Then the banks sold that toxic debt to the GSEs in the secondary market.

Self-regulation is no regulation.

[patientlywaiting]

jficquette, the private banks originated the bad debt. Remember it’s the banks who wrote the mortgages and interacted with the homebuyers who couldn’t afford the houses they bought.

It’s the banks who didn’t do the underwriting and play by the rules.

It’s the banks who told consumers that they could afford those overpriced houses.

It’s the banks that didn’t verify income of debtors although they could do so with the IRS.

It’s Wall Street and the banks that “innovated” and created new financial products.

Then the banks sold that toxic debt to the GSEs in the secondary market.

Self-regulation is no regulation.

[an]

[quote=patientlywaiting]
Are you serious asianautica?

Who asked for the bill? Paulson and Bush. Let them come up with the votes. [/quote]
Paulson and Bush failed. Great. Did the Republican rep asked for this bailout? I’m glad some Republicans actually stick to their fundamental and let market privatize the losses just like how they privatize the gains.

[an]

[quote=patientlywaiting]
Are you serious asianautica?

Who asked for the bill? Paulson and Bush. Let them come up with the votes. [/quote]
Paulson and Bush failed. Great. Did the Republican rep asked for this bailout? I’m glad some Republicans actually stick to their fundamental and let market privatize the losses just like how they privatize the gains.

[an]

[quote=patientlywaiting]
Are you serious asianautica?

Who asked for the bill? Paulson and Bush. Let them come up with the votes. [/quote]
Paulson and Bush failed. Great. Did the Republican rep asked for this bailout? I’m glad some Republicans actually stick to their fundamental and let market privatize the losses just like how they privatize the gains.

[an]

[quote=patientlywaiting]
Are you serious asianautica?

Who asked for the bill? Paulson and Bush. Let them come up with the votes. [/quote]
Paulson and Bush failed. Great. Did the Republican rep asked for this bailout? I’m glad some Republicans actually stick to their fundamental and let market privatize the losses just like how they privatize the gains.

[an]

[quote=patientlywaiting]
Are you serious asianautica?

Who asked for the bill? Paulson and Bush. Let them come up with the votes. [/quote]
Paulson and Bush failed. Great. Did the Republican rep asked for this bailout? I’m glad some Republicans actually stick to their fundamental and let market privatize the losses just like how they privatize the gains.

[cr]

Haven’t you guys figured it out yet?

Democrat and Republican means anymore nothing except if I’m on one side and you’re on the other my sole job is to discredit your side.

The finger pointing I read on here is disappointingly similar to what I see on CSPAN. It’s pointless.

Be glad this didn’t in it’s current form regardless of why, and when the next bills comes around we should continue to speak our minds on that, because it likely won’t be any better until the Government seeks advise outside it’s own world of “experts”, the same ones who got us into this mess.

[cr]

Haven’t you guys figured it out yet?

Democrat and Republican means anymore nothing except if I’m on one side and you’re on the other my sole job is to discredit your side.

The finger pointing I read on here is disappointingly similar to what I see on CSPAN. It’s pointless.

Be glad this didn’t in it’s current form regardless of why, and when the next bills comes around we should continue to speak our minds on that, because it likely won’t be any better until the Government seeks advise outside it’s own world of “experts”, the same ones who got us into this mess.

[cr]

Haven’t you guys figured it out yet?

Democrat and Republican means anymore nothing except if I’m on one side and you’re on the other my sole job is to discredit your side.

The finger pointing I read on here is disappointingly similar to what I see on CSPAN. It’s pointless.

Be glad this didn’t in it’s current form regardless of why, and when the next bills comes around we should continue to speak our minds on that, because it likely won’t be any better until the Government seeks advise outside it’s own world of “experts”, the same ones who got us into this mess.

[cr]

Haven’t you guys figured it out yet?

Democrat and Republican means anymore nothing except if I’m on one side and you’re on the other my sole job is to discredit your side.

The finger pointing I read on here is disappointingly similar to what I see on CSPAN. It’s pointless.

Be glad this didn’t in it’s current form regardless of why, and when the next bills comes around we should continue to speak our minds on that, because it likely won’t be any better until the Government seeks advise outside it’s own world of “experts”, the same ones who got us into this mess.

[Author]

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