They know what they are doing and they are getting away with it
Simply put. That's my blog for tonight.
The American people are being forced to bail out all the financial scumbags and predators that put us in the situation where we are now.
The money won't be helping out the people who lost their homes, we're helping out the corrupt financial institutions who took homes from people.
Lets focus less how we got into this... the cure here may be worse than the disease. I'm not for helping the wealthy at the expense of the poor.
This is a bad plan. Let those greedy bastards fall. Offer something to help the people.
The Bush administration is recommending unlimited power to enact sweeping financial changes to do as they please. If they get away with it, we will suffer.
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read more blogs!
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daisy315
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Sep 21 @ 8:42PM
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Of course they are getting away with it.. they knew they were getting into trouble and yet they still continued to dig that financial hole deeper to keep lining their own pockets.. it's not gonna stop til Bushwhacked is history and McCain is a bad memory
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Gary51hwd
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Sep 21 @ 8:44PM
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You may wanna go back one week in the blogs section, or to my blogs.... and read my blog...The Cowboy and the Bull.....
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lizardlicks
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Sep 21 @ 8:47PM
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Ya I went to New York what a dump full of greeedy people 
Wall Street never did a damn thing for me. These people have
hurt us more than other nation on earth.. A simple
raise for people and they could have afforded their mortgage..
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lazareth
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Sep 21 @ 8:51PM
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question is Chat..... what can we do about it now if anything?
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Gman762
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Sep 21 @ 8:56PM
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Of course they are getting away with it.. they knew they were getting into trouble and yet they still continued to dig that financial hole deeper to keep lining their own pockets.. it's not gonna stop til Bushwhacked is history and McCain is a bad memory
Another typical Dhimm living in denial.
The Dems caused the problems (oh yes...look up who bastardized Fanny Mae) and now they want to play the blame game. Maybe they should just look in the mirror for once.
Now, let's look at all of the DEMOCRATS that received HUGE finacial cash campaign donations from a failing Fanny Mae.
Oh...and for the mentally challenged here? The Democratic controlled Congress must approve the the plan. So...who will ultimately be to blame???
Bush...again?? 
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ragtopcookie
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Sep 21 @ 9:02PM
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Ill be so glad when bush and his den of thiefs are out of the white house.....why anybody with any common sence cant see whos been behind the falling of our great country is behond me.....its time for change.....before its too late.......cookie
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malexand
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Sep 21 @ 9:41PM
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You know what irks me? Everyone of us is responsible for the disaster that we are in, and we blame someone else like the president or the Chinese or god forbid a political party. We are the ones that supported and elected them.
If you asked any veteran about the war in the mid-east two years ago, they were all for it. Now, it is costing us too much money and they are against it due to the higher prices of everything.
We wanted to buy more cheaper and larger toys so we had the Chinese make the stuff for us and we lost our jobs. So we blame them?
We have to change. If you are benefitting from a bailout, then you are the problem and you must change. Maybe it's time that we start chastising people that are being helped by the bailouts. Maybe we should post names somewhere so we know not to deal with these people.
I don't know what the answer is but I do know that if we keep supporting these people as friends or businesses, then we are part of the problem.
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chatillion
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Sep 21 @ 9:48PM
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Gman762 said:
Another typical Dhimm living in denial.
The Dems caused the problems (oh yes...look up who bastardized Fanny Mae) and now they want to play the blame game. Maybe they should just look in the mirror for once.
Now, let's look at all of the DEMOCRATS that received HUGE finacial cash campaign donations from a failing Fanny Mae.
Oh...and for the mentally challenged here? The Democratic controlled Congress must approve the the plan. So...who will ultimately be to blame???
Bush...again??
Gman... you're entitled to your own opinion, even if you are wrong.
1)The Democrats didn't bastardize Fanny Mae, the democrats wanted regulation. I mentioned yesterday, it was a Republican McCain (the same McCain running for President) who voted for deregulation.
2)The corporation Fanny Mae didn't give campaign donations. I think that's illegal. Yes?
3)The donations came from private citizens. Now, they happened to be employees of Fanny Mae and Freddy Mac.
4)Please check your facts because John McCain also received 'Fanny Mae' financial campaign money. You conveniently left that part out. If he knew they were in trouble, why did he accept the money?
5)The Democratic controlled Congress doesn't want to approve a plan that gives Paulson total control over the $700 million.
Nothing personal Gman... WOULD YOU?
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chatillion
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Sep 21 @ 9:59PM
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malexand said:
...I don't know what the answer is but I do know that if we keep supporting these people as friends or businesses, then we are part of the problem.
Agreed. In an earlier blog I mentioned we should boycott Chinese goods. Although most noted by Clinton, Trade agreements preceded his administration.
The immediate problem, as I see it is the people at the top of these corporations in trouble made money off the back of middle class are the ones being bailed out.
They still have their money and the bleeding middle class is left without help.
Hey, I'm just an average guy... I say let the rich who raped America suffer. We need to give aid to the middle class. That's what makes up America. Yesterday, I heard that 1/10 of one percent of the very wealthy have more money than 50% of America.
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hoftner
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Sep 21 @ 10:02PM
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yep! so true, only in a collective movement; will us peons have a say... jmo!
thanx good blog
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Kentuck
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Sep 21 @ 10:25PM
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Believe it or not, the American people are getting their just due. In 2000 yoy voted Bush in, In 2004 ytou vote him in again. The writing was on the wall when he took the controls off the energy (Leg written by special interest group). At the same time, the loan institutions and banks were loaning money to people that they knew could not repay. These deals with people to get into a home with flexiable mortages were expected to fail. Yes, the banks and special interest groups have been making money right and left.
Just say thank you God that Bush was not able to make social security a privite institution. For your investiments would be gone now.
No , for the first time the Republican Doctrine has been able to work. The trittle down does not work. You must build a building from the ground up. Giving the rich and elite and special groups tax breaks and letting the cost of the ecomony to set itself does not work. You have to regulate it.
A new refinery has not been built in this country for over 40 years. Why, not competition. Price fixing and the fox is watching the chicken coupe.
In a nut shell, if you do not set controls on the market, then the elite will charge until you can no longer buy. This is what the Republican doctrine does; However, they did not expect it to go this far. Again, the rich are being bailed out by the good old dumb peasents.
So, if you believe in making the rich richer, jobs sent abroad, You providing the youn men and women for an unnecessary war--then you know who to vote for on November 4. Now if you vote not on the issues, then you will get 4 to 8 more years of this plus a depression.
God help America
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Cynbaby
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Sep 21 @ 10:37PM
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Ya I went to New York what a dump full of greeedy people In 2008 it is up in the top 5 of the most expensive cities in the WORLD to live in. Its not greed its cost of living expenses here.
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Exsecratus_Sicarius
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Sep 21 @ 11:43PM
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Chatillion,
I found this article to be somewhat interesting.
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Fannie Mae Eases Credit To Aid Mortgage Lending
New York Times
By STEVEN A. HOLMES
Published: September 30, 1999
In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders....
...a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans...
...Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits...
...In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates -- anywhere from three to four percentage points higher than conventional loans...
...In moving, even tentatively, into this "new area of lending", Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's...
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Read complete article here:
http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260
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Oh, and Sir, One Hundred Thousand Billion x10(^32ndth power) NEGATIVE KUDOS for "bailing out" of being properly informed & perhaps even intentionally misleading others(?).
You've been O-blah-ma-tized, haven't you?
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(sigh)
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LawnMowerMan256
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Sep 22 @ 12:26AM
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Hi chatillion,
Thanks for the blog,
I have been thinking of these issues lately and needed a reminder to lookup the Keating Seven.
Many years ago the AC repair guy talked about how his son was a big fan of McCain. I said, was McCain one of the Keating Seven?
I got no answer.
History mostly fallows a "Keating Five”.
This was a bailout for a Savings & Loan.
It sounds familiar considering this week’s news.
Warning mangled quote next…
“We need to get government off the backs of the rich.”
Cheers,
The-LawnMower-Man
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chatillion
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Sep 22 @ 4:55AM
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Exsecratus_Sicarius, by blog is about but the American government Bailing out corrupt financial institutions and leaving no hope (or help) to the middle class. In order to do this, they want to give Paulson total control over the $700 million so spend as he sees fit.
Gman762 attempted to derail my blog in a similar manner that he derails other blogs.
Now you come along and quoting the Fanny Mae problem started before Bush got into office. You then give me negative kudos (in a system that doesn't have negative kudos) one hundred thousand billion of them to be exact for disagreeing with me and suggest that I've been persuaded by Obama.
I cordially invite you to stay away from commenting on my blogs.
Oh... and Bush is nearing the end of his second term. He was warned by his advisers four years ago how bad Fanny Mae was yet it was allow to make the rich richer and the middle class poorer... maybe something should have been done sooner. Sure, you can tell me again about YOUR dislike for Democrats blocking the President when BOTH sides are feeding their wallets.
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JATC
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Sep 22 @ 10:41AM
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Chat... This comment is for your blog, "fixing" a broken economy, from wordpress
lizzygram Says:
September 22, 2008 at 2:23 pm
Nice piece. I will second the motion on that. I do wish that American’s would once and for all get the guts to stand up to our government….Do you realize if 95% of all americans refused to file income tax returns this April 15 in retaliation of our government’s actions to this high crime failure of wall street….Just maybe they would get the picture that the american people aren’t taken it anymore. Just think, “WE COULD CALL IT A NATIONAL HOLIDAY…LIKE GOOD RIDDENS WASHINGTON LIKE YOU OFFICALS HAVE KNOWN IT”. We the people of this country are taking it back and if you don’t like it, well we will just vote you out of office..
What can they do, Put 95% of the people in this country in jail ??? Fine us ?? Just refuse to pay.. I am all for standing up to the Government…If we don’t, we are going to have a country for Japan, China, or someone else will own it,.. by lizzygram.wordpress.com
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PeacefulGuy
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Sep 23 @ 4:45PM
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In 2005 John McCain co-sponsored a bill that would have subjected Fannie Mae and Freddie Mac to stricter accounting standards. The democrats killed it in committee down a party line vote.
McCain knew there was a crash coming. In a speech delivered on the house floor in 2006 he said
“Fannie Mae employees deliberately and intentional manipulated financial reports to hit earnings targets in order to trigger bonuses for senior executives….Fannie Mae used its political power to lobby congress in an effort to interfere with the regulator’s examination of the company’s accounting problems. This report comes some weeks after Freddie Mac paid a record $3.8 million dollar fine in a settlement with the Federal Election Comission and restated lobbying disclosure reports from 2004 to 2005. These are entities that have demonstrated over and over again that they are deeply in need of reform. For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac-known as Government-sponsorsed entities or GSE’s-and the sheer magnitude of these companies and the role they play in the housing market…GSE’s need to be reformed without delay…If congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.”
Again, that was John McCain, on the house floor in 2006.
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unionman154
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Sep 23 @ 8:31PM
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I say cut the price of rice, beans and burlap in half. 
Cause these are the only things us Americans will be able to afford to feed and cloth ourselves with for the next hundred fing years.
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chatillion
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Sep 23 @ 8:51PM
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PeacefulGuy, thanks for your comment.
My blog was about Fannie, Freddy, Merill, Lehman, Bear... falling like they were in some synchronized event. But Gman pulled it into a different direction.
There are many things about government and politics that I don't understand, for example... a yahoo search on McCain + deregulation says he's in favor of deregulation. I found several websites claiming this. Including a >> YouTube Link <<
In all fairness, McCain seems to be on both sides of the issue. Maybe yes and maybe no. It all depends on what camp you're listening to at that moment.
What's important is people are going to vote is whatever manner that choose. Some will vote simply because they are old and feel more secure with McCain.
We are 'little people' in blog land and it means NOTHING to the masses of voters what our beliefs are here. While they are very close in the popular polls we should wait a bit longer to see what happens Friday in the debate. I think John may become befuddled and contradict himself a few times along the way. If the American people see this, there is a chance they will sway more towards Barack. But who knows.
Already there is talk of distrust our electronic voting system. It can be hacked. But you already knew this...
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