Comments on: Barry’s “Plan” For Wall Street Vs. The New York Times http://www.stoptheaclu.com/2008/09/24/barrys-plan-for-wall-street-vs-the-new-york-times/ Beating Them With Their Own Sickle And Hammer Mon, 13 Feb 2012 13:01:35 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: The Machine http://www.stoptheaclu.com/2008/09/24/barrys-plan-for-wall-street-vs-the-new-york-times/comment-page-1/#comment-98483 The Machine Wed, 24 Sep 2008 18:40:12 +0000 http://www.stoptheaclu.com/?p=13083#comment-98483 As usual, the root of the matter never gets mentioned out loud. Democrats have been buying their voters with our tax monies for decades. We always end up holding the short end of that stick. ! As usual, the root of the matter never gets mentioned out loud.

Democrats have been buying their voters with our tax monies for decades.

We always end up holding the short end of that stick.

!

]]> By: Peggy McGilligan http://www.stoptheaclu.com/2008/09/24/barrys-plan-for-wall-street-vs-the-new-york-times/comment-page-1/#comment-98475 Peggy McGilligan Wed, 24 Sep 2008 17:12:53 +0000 http://www.stoptheaclu.com/?p=13083#comment-98475 When Bill Clinton eased banking restrictions in California, he also dished out $8-billion dollars for "community redevelopment loans.” Of course, the money would never get paid back. Undoing regulations sets a precedent, as does "comping" real estate. With the influx of cheap capital, properties already overvalued at $125,000 inflated to $525,000. Enter, "creative financing.” When the schemes fell through, as is their wont whenever 30-million Mexican nationals buy inflated properties and default, it left bankers around the world in the lurch (see global economy). Never mind that the aforementioned demographic is the new face of the Democratic Party; because of rampant “creativity” and subjective prices, Congress simply cannot determine the worth of the financial instruments. It’s a $90-billion bailout at best. But if you want to thank someone, thank Hillary Clinton. She knew all along who’d get the loan giveaways; she knew whose votes she’d buy. It was a blank check. So, why should hardworking Americans bail the housing bubble? Let the Dems pickup after themselves, let those 18-million cracks pass the hat: http://theseedsof9-11.com When Bill Clinton eased banking restrictions in California, he also dished out $8-billion dollars for “community redevelopment loans.” Of course, the money would never get paid back. Undoing regulations sets a precedent, as does “comping” real estate. With the influx of cheap capital, properties already overvalued at $125,000 inflated to $525,000. Enter, “creative financing.” When the schemes fell through, as is their wont whenever 30-million Mexican nationals buy inflated properties and default, it left bankers around the world in the lurch (see global economy). Never mind that the aforementioned demographic is the new face of the Democratic Party; because of rampant “creativity” and subjective prices, Congress simply cannot determine the worth of the financial instruments. It’s a $90-billion bailout at best. But if you want to thank someone, thank Hillary Clinton. She knew all along who’d get the loan giveaways; she knew whose votes she’d buy. It was a blank check. So, why should hardworking Americans bail the housing bubble? Let the Dems pickup after themselves, let those 18-million cracks pass the hat: http://theseedsof9-11.com

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