Comments on: Jimmah Carter started the rot that led to the present financial crisis

By: Jessica W.

Jessica W. — Tue, 30 Sep 2008 06:46:21 +0000

LOL. Mike must be a typical MSM person who is in the tank for Obama. Forgetting his bias for a moment, let’s look at his style of argument. The original bill, signed in 1977 (31 years ago), is called “an almost 40 year old law.” Um, even I can round better than that!
This is similar to a recent Time magazine article, that, in comparing the two candidates, says, “one is in his 70s and one is in his 40s.” (Actual ages 72 and 46.) How much you wanna bet that if the ages were 76 and 42, Time would use the exact figures or note a difference of 34 years?!? Rhetorical–we all know the answer.

By: Why Doesn’t the Media Report the Facts on Where the Blame Belongs on Financial Crisis? « Konfusing Kancer

Sun, 28 Sep 2008 04:35:02 +0000

[...] the media ignore are things such as the very groundwork for today’s problems being rooted in legislation created by Jimmy Carter , or that in 2003 President Bush proposed “the most significant regulatory overhaul in the [...]

By: Barry Hussein

Barry Hussein — Wed, 24 Sep 2008 05:55:49 +0000

Mike, Mike, Mike. You try to impress us with your “knowledge” of the inner workings of Congress, but either you really don’t know what you’re talking about or you are purposely trying to mislead us. You wouldn’t try to mislead us, would you Mike? No, a liberal would never do that.

The Shad-Johnson Jusrisdictional Accord, implemented and signed into law while Ronald Reagan was president by the way, specifically banned single-stock futures and was susbsequently repealed by the Commodity Futures Modernization Act, which was signed into law in 2000 by Bill Clinton. You know him, don’t you Mike? He’s the same guy who signed into law the Gramm-Leach-Bliley Act in 1999 which repealed your beloved Glass-Steagall Act.

Once Slick Willy repealed GSA and signed into law The Commodity Futures Modernization Act, which you so pointedly hold up as having caused the current financial meltdown, Marc Rich – remember him? – was free to defraud untold numbers of people of hundreds of millions of dollars with his ponzi scheme. And for all his patriotic efforts, Rich, while hiding in Switzerland beyond extridition, was subsequently pardoned by Bill Clinton for all of his political contributions to Bill Clinton, just as Bill and Hillary were packing up the Oval Office’s furnishings and putting them on the U-Haul for their ride to New York.

Tsk-tsk, Mike. You’re little liberal talking head points sound like they are coming from nothing but a talking pin head.

By: Barry Hussein

Barry Hussein — Wed, 24 Sep 2008 04:50:33 +0000

Yes, Mike, the same Gramm-Leach-Bliley Act that Bill Clinton signed into law in 1999!

Omission of the facts doesn’t not make them truths, Mike.

By: Mike Harris

Mike Harris — Tue, 23 Sep 2008 20:58:01 +0000

Ummm, you can not be serious with this revisionist history can you??? First off, the CRA is not the problem, it wasn’t even part of the problem. Trying to link an almost 40 year old law on the books as the reason for the failure shows how the spin misers are doing it. The problem, as all of America knows, was DEREGULATION. You know, what Regan hailed, and what every republican cries about. Keep the government out of business, right? Well, two acts allowed the Wall Street disaster to hit, and they were both republican bills which removed regulation from the investment banks. The Gramm-Leach-Bliley Act repealed the Glass-Steagall Act which was put in after the depression. It stopped financial institutions from getting their hands in too many pots. The second, The Commodity Futures Modernization Act of 2000, removed regulation from the banking and insurance industry, which allowed the firms to package the sub-prime mortgages into securities and it’s why everything collapsed.

So now, instead of looking up the facts, figuring out what the issues were, you went off and sprouted the typical GOP talking point which ignores the problems they created. Deregulation is what killed wall street, and it is what allowed it to happen. Deregulation, which the GOP has been saying is the cures to everything for decades is what caused this failure. Now, to try and blame a 30+ year old law shows not only your ignorance of the situation, but also how far you have to go down the drain to get something, anything that will stick against the wall.

By: Bride of Rove » More quotes from the blogs

Bride of Rove » More quotes from the blogs — Tue, 23 Sep 2008 17:03:07 +0000

[...] Jimmah Carter started the rot that led to the present financial crisis, Stop the ACLU No Comments so far Leave a comment RSS feed for comments on this post. [...]

By: Why Doesn’t the Media Report the Facts on Where the Blame Belongs on Financial Crisis? « A Free Voice

Tue, 23 Sep 2008 16:31:24 +0000

By: justanothermary

justanothermary — Tue, 23 Sep 2008 14:25:19 +0000

what part of “The Carter-era Community Reinvestment Act forced banks to lend to uncreditworthy borrowers, mostly in minority areas.” do you NOT understand?

justanotherdave… stop drinking the koolaid and start thinking for yourself (spewing dem talking points will lead to severe mental breakdown)

By: justanotherdave

justanotherdave — Tue, 23 Sep 2008 11:17:30 +0000

John, you have fallen for a Limbaugh, Kudlow, Hannity sponsored lie. I read the congressional testimony concerning the CRA and I encourage you to do the same. 80% of the subprime loans were issued by mortgage lenders and others not covered by the CRA. Yet Limbaugh said just this morning that the poor banks were “forced” to make these loans. The Republican Party has followed these clowns right over the cliff.

By: McCain Camp Needs To Be Pushing Back, and Putting the Blame for the Financial Crisis Where It Belongs…With Democrats! : Stop The ACLU

Mon, 22 Sep 2008 23:47:39 +0000