Washington Times Article…..”Blame Abounds For Housing Bust”

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Allan-
That makes sense. The lure of money leads even corporations to make financial decisions illogically, not just Dick and Jane when buying a house.

In a way I understand why they did it, and in another way I still can’t grasp what they were thinking.

As far as the bailout, it cracks me up how the media is already starting to criticize Bush for not doing anything soon enough. Correct me if I am wrong, but doesn’t Congress make the laws, and the FED and GSE’s handle finance?

Yeah, but let’s blame Bush anyway.

[Allan from Fallbrook]

coop: Bush is a sitting (or lame) duck right now. He is going to be catching hell for everything from Iraq II, to the housing debacle, to global warming. Some of it is undoubtedly justified, but we are also in an election year, so anything goes.

How many members of the media do you think really understand the roles of the legislature, judiciary and executive branch? For that matter, how many members of Congress do?

A good buddy of mine spent some time at Bear Stearns in M&A. The things he described that went on there were truly frightening. I worked for a large market insurance brokerage and the nonsense that happened on a daily basis would have been laughable if it wasn’t so alarming. Whether it’s Dick and Jane or a Fortune 500 corporation, it is always about the money.

Much like sex, when confronted with the opportunity to make a buttload of money, common sense and reason generally go right out the window (along with your morals).

[Allan from Fallbrook]

coop: Bush is a sitting (or lame) duck right now. He is going to be catching hell for everything from Iraq II, to the housing debacle, to global warming. Some of it is undoubtedly justified, but we are also in an election year, so anything goes.

How many members of the media do you think really understand the roles of the legislature, judiciary and executive branch? For that matter, how many members of Congress do?

A good buddy of mine spent some time at Bear Stearns in M&A. The things he described that went on there were truly frightening. I worked for a large market insurance brokerage and the nonsense that happened on a daily basis would have been laughable if it wasn’t so alarming. Whether it’s Dick and Jane or a Fortune 500 corporation, it is always about the money.

Much like sex, when confronted with the opportunity to make a buttload of money, common sense and reason generally go right out the window (along with your morals).

[Allan from Fallbrook]

coop: Bush is a sitting (or lame) duck right now. He is going to be catching hell for everything from Iraq II, to the housing debacle, to global warming. Some of it is undoubtedly justified, but we are also in an election year, so anything goes.

How many members of the media do you think really understand the roles of the legislature, judiciary and executive branch? For that matter, how many members of Congress do?

A good buddy of mine spent some time at Bear Stearns in M&A. The things he described that went on there were truly frightening. I worked for a large market insurance brokerage and the nonsense that happened on a daily basis would have been laughable if it wasn’t so alarming. Whether it’s Dick and Jane or a Fortune 500 corporation, it is always about the money.

Much like sex, when confronted with the opportunity to make a buttload of money, common sense and reason generally go right out the window (along with your morals).

[Allan from Fallbrook]

coop: Bush is a sitting (or lame) duck right now. He is going to be catching hell for everything from Iraq II, to the housing debacle, to global warming. Some of it is undoubtedly justified, but we are also in an election year, so anything goes.

How many members of the media do you think really understand the roles of the legislature, judiciary and executive branch? For that matter, how many members of Congress do?

A good buddy of mine spent some time at Bear Stearns in M&A. The things he described that went on there were truly frightening. I worked for a large market insurance brokerage and the nonsense that happened on a daily basis would have been laughable if it wasn’t so alarming. Whether it’s Dick and Jane or a Fortune 500 corporation, it is always about the money.

Much like sex, when confronted with the opportunity to make a buttload of money, common sense and reason generally go right out the window (along with your morals).

[Allan from Fallbrook]

coop: Bush is a sitting (or lame) duck right now. He is going to be catching hell for everything from Iraq II, to the housing debacle, to global warming. Some of it is undoubtedly justified, but we are also in an election year, so anything goes.

How many members of the media do you think really understand the roles of the legislature, judiciary and executive branch? For that matter, how many members of Congress do?

A good buddy of mine spent some time at Bear Stearns in M&A. The things he described that went on there were truly frightening. I worked for a large market insurance brokerage and the nonsense that happened on a daily basis would have been laughable if it wasn’t so alarming. Whether it’s Dick and Jane or a Fortune 500 corporation, it is always about the money.

Much like sex, when confronted with the opportunity to make a buttload of money, common sense and reason generally go right out the window (along with your morals).

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