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- swenk22, on 10/11/2008, -31/+71Let's see if this makes it into mainstream media.
- SAR2009, on 10/12/2008, -8/+13You are NOT holding your breath, I hope.
- Ymeg, on 10/12/2008, -5/+9Let's see if this makes it into mainstream digg.
- ProfessorSYM, on 10/12/2008, -6/+3This has already been reported; if you watched the mainstream cable media every once in a while rather than waiting for a story about it to appear here on Digg, you would know that.
- proliance, on 10/12/2008, -1/+4I don't have cable, much less "mainstream cable media." Sometimes its ok if things are repeated if I missed them the first time.
- akhomestead, on 10/12/2008, -5/+4You may not want it to. See there are a host of problems with this. Number one being, it's kinda like closing the gates after the horses ran away. All the problems we're having right now are based on losses from 5 year bonds (2002). 2003 starts in February and it's worse and it will bankrupt our country. That's why they are robbing the tresuray, that's what the leaders always do when the country is about to collapse.
Second. The is so bad, and so huge, why did he say in debates that the economy was doing great? And if he didn't see it, that's sad because all he had to do was listen to Ron Paul in the debate, because I did and with a few clicks on youtube I learned all about this over a year ago.
The last thing is Fannie and Freddie are not really the problem, they are a result from the problem. Blaming FF is kinda like blaming the dog for eating the steak you left on the floor. The real culprit is the Federal Reserve. They kept interest rates way too low for way to long because they have a monopoly on the dollar. See this isn't a housing bubble that's collapsing it's the dollar bubble that is. The housing is just a result from it.
But the Federal Reserve resides outside the rule of law because they are our owners, that's why MSM and our leaders minus RP won't say a word. ALL your income tax dollars goes to this one company to pay interest on our debt to them. We have owners. We are slaves, Have been since 1913 and will until people wake up and realize they are playing a game with a fixed deck. Remember winners write the history, the banks won, so they got to write our history books, or at least only loan money to companies that would write it the way they liked it. - whatthefu, on 10/12/2008, -0/+2Both liberals and conservatives say that as if they don't already have MSNBC and Fox News respectively spoon-feeding them their *****.
- mano601, on 10/12/2008, -1/+2Closing the gates after the horses are out? So. Who let the horses out? Dodd +
- akhomestead, on 10/12/2008, -2/+2did you read what I said?
Obviously you read the first few lines but did you read all of it?
I point out who's at fault if you had read it.
- akhomestead, on 10/12/2008, -2/+2did you read what I said?
- TechMike, on 10/13/2008, -0/+1Is DrudgeReport mainstream enough? Right column, 3rd from the top.
- BulkHedd, on 10/11/2008, -35/+77Highly unlikely this will even make it to the Digg front page, let alone mainstream media.
I'm sure this letter is somehow RACIST- kingvar, on 10/11/2008, -12/+28digg will not accept this.
- aud24, on 10/11/2008, -17/+17That's because 95% of diggers are blithering idiots incapable of finding their asses with both hands... sorry I'm a little disgusted with the current state of things... I'm feeling like the fight is over.
- Nannybell, on 10/11/2008, -17/+24That's how the Dems want you to feel. The fight is not over !
- paulishuku, on 10/11/2008, -13/+16Or their own opinion for that matter. The fight is never over.
- SAR2009, on 10/12/2008, -14/+15"That's because 95% of diggers are blithering idiots incapable of finding their asses with both hands."
. . . . This is true, but the remaining 5% of the people here are NOT liberals.
"I'm feeling like the fight is over."
. . . . As long as we fight, it will never be over. Besides liberals don't have the stones to fight. Lying, cheating, stealing . . . hiding under beds in their own excreta blubbering about the big bad conservatives . . . all these are their normal state, but yellow jellyfish don't fight. - algaeturd, on 10/12/2008, -14/+17You're right. In this threat alone, I've counted comments from at LEAST 20 people who most likely didn't even graduate from high school. Ironically, all those folks support McCain.
OK, it's not ironically...they're the lowest common denominator of citizens. They were born republicans and without an education, doomed to remain republicans. - SAR2009, on 10/12/2008, -10/+6Don't worry, 'turd, when the flag goes up, you will be able to hide under your bed for a while, anyway.
- aud24, on 10/12/2008, -4/+3Wow 'algaeturd' I think the name says enough... however I will re-post one of your comments to further drive home my point...
'OK, it's not ironically...they're the lowest common denominator of citizens. They were born republicans and without an education, doomed to remain republicans.'
Let me give you a little grammar lesson- oh 'educated one'
Ok, it's not *ironic* that they are the lowest common denominator of citizens....
See this is what frightens me- IGNORANT AND ARROGANT people... Dangerous combo....
I appreciate all of your optimism in this 'thread', I live in Orlando and I'm getting it from all ends, everyday... Very liberal here... so that would explain my deflated bravado :( - thecatcantalk, on 10/12/2008, -6/+2Funny how the Republican states all share certain traits in common: high divorce rates, high crime rates, lousy schools, and they're the states that endlessly siphon tax dollars out of the other states through Federal entitlement programs. But they go to church a lot, when they're not too drunk or busy beating their wives bloody.
You dumb hillbilly ***** CAUSED this mess, don't you DARE talk *****.
Guess which state gets more Federal handouts of YOUR tax dollars than any other? Alaska! What a surprise! Sarah Palin was the governor of the biggest welfare queen of all!
Oh and by the way, if us "pussy Yankee liberals" can't fight, how come you lost the Civil War? Loser. - baglady215, on 10/12/2008, -2/+1Yup, it's over. Haha!
- txchica, on 10/12/2008, -0/+1@thecatcantalk,
I have to admit that I laughed when I read your comment, but not for the reasons you would expect, but because of all the gross generalizations and elitism that is so common in Liberals. Now I'm fairly certain that quite a bit of domestic violence, high divorce rates (if they even wasted the time to get married) and poor school districts are traits also found in inner cities and I can guarantee that is Dem country, so very misleading on your part to infer that it's mostly in Republican leaning states, but that's typical of a liberal to only state what they want heard, not actual facts.
"Dumb hillbilly *****"......what? Obviously you have no idea who you are talking to, I would hazard a guess that the majority of conservatives here aren't' "hillbilly's" or even "dumb *****", but are educated on the issues they argue, unlike you. You resorted to the typical ad hominem attack, redirect from topic on hand and typical mudslinging that is so common when you can't debate the issue at hand.
And why are you bringing up the Civil War and Yankees? You do realize that it was a Republican President that fought the Dems (who were the slave owners) to free the slaves......and quite a few conservatives aren't from the South, sorry if this bursts your little bubble. As far as fighting goes, come on, you libs love to talk tough on Digg, it's easy behind that anonymous screen name, it's even better when you put your real name out there so everyone will know that you're willing to stand up for your beliefs.
- jotate, on 10/12/2008, -5/+5As an Obama supporter, I appreciate that McCain did have some foresight on this one. I'd totally digg the article in the interest of what's best for the country.
But all of you McCain supporters who immediately started bitching about how unfair digg is have convinced me to withhold. The content of the article is good. But the content of the comments are ***** entrails.
Post a good article, ask people to respect it for what it is, and deal with it if the community isn't on your side.- txchica, on 10/12/2008, -0/+3Did you notice the vitriolic responses from the other Obama supporters, and that vitriol is the reason people here respond so strongly. Take another look at the asinine comments saying that conservatives are "dumb ***** hillbilly's" and "they're the lowest common denominator of citizens" and the inferences about the lack of education. Really, is that how the community at large should respond to something they don't agree with, or should they actually respond with a reasoned approach? Just saying that it's easy to respond with insults, less so with factual statements. I would hope that you would digg an article based on the article itself, not on the comments.
- cliffzdude, on 10/13/2008, -0/+2Nice rationalization jotate. Hope that's working out for you.
- baglady215, on 10/12/2008, -4/+2No, the letter isn't racist... but the kooks at your lynch-mob rallies are.
- txchica, on 10/12/2008, -1/+1LOL, "kooks at your lynch-mob rallies".....so you don't have anything else to add besides an asinine comment that has little to no basis and redirects to another topic. Sad, really sad. I've watched a lot of those rallies, both Dem and Repub. and haven't seen anything close to "lynch-mob" hysteria, although I have seen some angry people who are tired of the MSM protecting Obama and his ties to those who told us Fannie and Freddie were doing just fine. Obama did receive the 2nd most money form Fannie/Freddie and he's only been a Senator for 2 years. So I can see how people could get pissed off, especially when they see comments like yours that are beyond ridiculous.
- pearcewg, on 10/11/2008, -30/+36This type of stuff happens all of the time. I doubt that even McCain really anticipated what is happening today.
Fannie and Freddie were in the pockets of Democratic leaders in the House and Senate...what did they do to prevent this?- Gandalff, on 10/11/2008, -9/+31On most things Pearcewg I would agree about that, however did you read the entire letter and the bold print especially in the second paragraph? It went to the core of what we are dealing with exactly as it stated. So by saying they did not anticipate this is untrue and unfounded and furthermore the bold print also called into question the Pensions & flood insurance and who would actually pay this debt if Fannie or Freddie could not.
The reason I could not agree with you on this is that since those entities were created they have had the ire of the Republican party and with great suspicion. Look at the comments of President Bill Clinton saying the exact same thing. Look to the 2004 debates in the congress that has been on youtube now with Barney Franks and others saying what a great job Franklin Raines & James A. Johnson were doing and this was all a witch hint.
Barney Frank has been a member of the House Financial Services Committee since 1991 (and is currently the chair). The HFSC is one of two government entities responsible for oversight over Fannie Mae. From 1991 to 1998, Barney Frank had a lover, Herb Moses, who was an executive at Fannie Mae. While at Fannie Mae, Moses helped develop many of Fannie Mae’s affordable housing and home improvement lending programs. Other lawmakers have called this a "clear conflict of interest."
So you can see why the outrage from the people like Barney Frank and blaming the Republican party & Bush are not in the clear understanding of Truthfulness and this Letter as you can see was not received well for just some of these reasons. Remember the ones that "doth protest too much" ... Better have someone taste their wine for them first. =) I also gave you a digg for realizing that the Dems did absolutely nothing after being warned and having control of both House & Senate- pearcewg, on 10/11/2008, -7/+19That is very insightful, and well thought out.
You would normally expect that a poison pill like this one, which has ended up costing trillions of dollars in damage (in the U.S. alone!) would lead to indictments. At the end of the day, this was EXPONENTIALLY more damaging than anything done by Enron, et al.
We need a massive global push to punish associates of Fannie Mae and legislators who caused this to happen (not allowed, caused). - Nannybell, on 10/11/2008, -13/+10We need a massive push to start holding Democrats responsible for wrongdoing. I for one am sick to my stomach at how they get away with everything. Anything a Republican does is front page news, but somehow the wrongdoing by Democrats just never makes it into the MSM.
- Gandalff, on 10/12/2008, -7/+3@pearcewg
SPOT ON!!! I would rent a fleet of buses to get people to Washington just to force that issue alone. Look what happened with Enron and how indignant "once again" the democrats were with that situation, but it was two fold and they also were trying desperately to hang the majority around Dick Chaney's neck so thus the media frenzy ensued because of that matter alone and the fact that they were some friends of Chaney's and the hopefulness that they could find a link.
As to this issue and the Housing Crisis and the Freddie & Fannie debacle. Investigations should start immediately in the public and ALL HEADS should roll on this one. I do not care what party you belong to. You played a part you get to step out. If they find laws broken "jail them" once again do not care what party they belong to. This dwarfs anything Enron did and it was bad what they did no excusing them, but I am 100% on board.
- pearcewg, on 10/11/2008, -7/+19That is very insightful, and well thought out.
- Gandalff, on 10/11/2008, -9/+31On most things Pearcewg I would agree about that, however did you read the entire letter and the bold print especially in the second paragraph? It went to the core of what we are dealing with exactly as it stated. So by saying they did not anticipate this is untrue and unfounded and furthermore the bold print also called into question the Pensions & flood insurance and who would actually pay this debt if Fannie or Freddie could not.
- Gandalff, on 10/11/2008, -25/+46At least the Letter and submission of legislation is finally being SHOWN and not talked about. Where as up until now it has all been talk. Unless you researched it yourself and found it yourself which 90% of America won't so thank you from the 10% of us that do.
Time to lay your cards on the table. Looks like in this hand McCain had the upper hand in dealing with the upcoming crisis. Where were the others and what were they saying? Time to show your cards to the American people. - PinkMoron, on 10/11/2008, -28/+56Let's see...if Obama signed this - it would be frontpage, top 10, PRONTO. It's just going to sit here. Way to go Digg.
- DanQuist, on 10/11/2008, -36/+31THAT'S RACIST!
- mmclaurin, on 10/12/2008, -1/+2Why is that racist? Liberals throw this word around so that they don't have to defend their positions. Providing proof and not espousing empty rhetoric is what this campaign should be about but it's not, unfortunately. How do you explain a man sitting in the pews of WRIGHT'S church for 20 years and not objecting to the hateful speech and abuse of God's name, you can't! How do you explain the systemic abuse of our voter registration for the Demos by Acorn and the FACT they you paid this fraudulent group 800 k to register voters for you when you knew of their shady past, you can't! How do you explain the fact that you accepted financial support from a convicted felon, REZKO, and this felon helped you to purchase a house you couldn't otherwise afford, you can't! How do you explain his support of KHALIDI'S anti Jewish rhetoric, you can't! NONE of this is defensible so you scream racism and hide behind the deafening silence of the msm and ignore their savage politically motivated attacks of Palin while crossing your fingers and holding your breath, hoping the American public doesn't find out who this man is until it's too late.
- Psalms83, on 10/11/2008, -42/+22whether it is a candidates associations ,(Teachers ,professional aquantances, spiritual advisors,military connections ect) or his/her role in the current bank crisis... the Voter does need to vett the candidates ...that goes for both Republicans and democrats
everybody is blaming each other over this crisis and blowing smokescreens to cover thier responsibility in whats happening today....folks need to checkout these links and digg deeper before they vote....there many more than listed here ...but it is a start
===================================
http://www.humanevents.com/article.php?id=28973
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http://talk.collegeconfidential.com/parent-cafe-el ...
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http://www.washingtonpost.com/wp-dyn/articles/A117 ...
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http://www.washingtonpost.com/wp-dyn/business/spec ...
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http://www.usatoday.com/money/industries/banking/2 ...
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http://findarticles.com/p/articles/mi_qn4188/is_/a ...
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http://www.topix.com/forum/city/kennett-mo/TBDRU7M ...
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http://www.politicalforum.com/current-events/50494 ...
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http://www.foxnews.com/story/0,2933,199524,00.html
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http://www.jsonline.com/story/index.aspx?id=264613
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http://community.seattletimes.nwsource.com/archive ...
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http://www.disboards.com/showthread.php?t=1955975
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http://www.goofigure.com/UserGoofigureDetail.asp?g ...
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********************************************************
Google Obama Ayers
Google Berg vs. Obama
Google Obama Khalid al-Mansour
Google Obama Donald Warden
Google Obama Mohammed Hasan Chandoo
Google Obama Rezko
Google Obama Saul Alinski
Google Obama Wright
Google Obama Khalidi
Google Obama Malcolm X
Google Obama Alwaleed bin Talal
Google Obama Farrakhan
Google Obama Woods Fund
Google Obama ACORN
Google Obama The Black Panthers
Google Obama Cloward-Piven Strategy
Google Obama Public Allies Youth Group
Google Obama liberation theology
Google Obama abortion bills
=============
time is short - Share this with as many friends and undecideds as you can- Nannybell, on 10/11/2008, -10/+9I intend to look at every single one of these. Hope others will too.
- algaeturd, on 10/12/2008, -6/+9You do?!
You should also google:
McCain liar
McCain hypocrite
McCain Keating Five
McCain, Cindy oxycodone theft
McCain owns 13 homes
McCain owns 7 cars
McCain racist
McCain uneducated
McCain 5th from bottom of graduating class
McCain tells national secrets while being held prisoner.
OK, I'm going to google all of these. I hope others will too! - Gandalff, on 10/12/2008, -7/+4LMFAO I love your short list compared to just the start of the Obama Long list. Also note worthy is a great portion of your list is about CINDY McCain not our soon to be President John McCain. The houses while jointly split not all belong to Cindy.
The Cars John only owns one and Cindy is a car enthusiast, not to mention racer with one of her sons.
The Keating 5 is all smoke as John MacCain & John Glenn you remember him were both exonerated in the public eye under public testimony.
While you mention John and his graduating rank you failed to list his grades which you can do because you can actually access his records unlike Obama and not having ANY (NO) access to his college records as to what he studied, what he wrote about, what groups he belonged to so nothing to compare to there.
In regards to national secrets and John telling after how many years of torture where his ship was located and who his ship mates were at the time. You really look pathetic when you put this up against the Chicago do nothing been no where seen nobody never seen a bill his party put out that he did not snap to and say YES I believe never questioning one word.
Then again All these words to you mean nothing anyway, as Louise Farrakhan said to you and your followers Obama is the Messiah and there you shall follow like a lost sheep until Obama picks you up and holds you himself.
- algaeturd, on 10/12/2008, -6/+9You do?!
- algaeturd, on 10/12/2008, -4/+11"the Voter does need to vett the candidates ...that goes for both Republicans and democrats"
...as you go on to promote disinformation from Google by writing, 'Google Obama and xxxxx.'
Because GOD KNOWS that's where you get REAL, ACCURATE information. By googling it.
Republicans aren't just dumb as *****. They're the most gullible, gutless, scared Americans out there.- Psalms83, on 10/12/2008, -0/+1Bet you did not give time of day to exploring any of these links.... many of the links were from liberal leaning sources....and yes there are some from conservitive sources
as far as google searchs is concerned there is info favorable to obama as well as mccain .....it is a starting point for those who realy want to be intelectualy honest...it is not the end of the search...
I want to know something more than the platitudes and promises the candidates makes ...anyone can sing songs that sounds good. I want to look at how they got to where they are .. the philisophical underpinnings that make up thier pholsophy... a candidates public record and public associations
should be fair game ...
Note : the following comment is not intended to insenuate any connection to Obama or McCain but only as encouragement to objectivity even though a candidate might seem to be a shining star......
Had the people of Europe & Germany objectivly Vetted Hitler and the Nazis ....the history of the 1940s would have been vastly different and millions would not have perished.
- Psalms83, on 10/12/2008, -0/+1Bet you did not give time of day to exploring any of these links.... many of the links were from liberal leaning sources....and yes there are some from conservitive sources
- Nannybell, on 10/11/2008, -10/+9I intend to look at every single one of these. Hope others will too.
- grenableu, on 10/11/2008, -29/+46Top three recipients of campaign contributions from Fanny Mae and Freddie Mac:
Senator Christopher John Dodd (Dem)
Senator Barack Hussein Obama (Dem)
Senator John Kerry (Dem)
http://www.opensecrets.org/news/2008/09/update-fan ...
All three fought legislation to regulate or reign in Fannie Mae's wild lending practices.- booksnmore4you, on 10/12/2008, -5/+13For the bazzilionth time, its not campaign contribs from __employees__ that matters.
- akhomestead, on 10/12/2008, -1/+1I got a question for you and I'll agree, Obama sucks. What is the problem? The real cause of the whole economy thing?. I need a neocons opinion. (I assume your a neocon because you use Obama's middle name). BTW, how about Trig Van Palin? Is it the kids fault the parents are butt rock fans?
- black27696, on 10/12/2008, -2/+1You're means You Are. Your means your. Lrn 2 spel.
- 7papa7, on 10/11/2008, -26/+33This will be buried by the MSM because truth about McCain and Obama are unacceptable. McCain has shown that he knew what was going on and Obama--no where to be found. This would make their socialist look bad so they will bury it any way they can. Once again I must say that the democrat creed is agenda before integrity. This should give McCain thousands of votes from the undecided but the Marxist will ignore it and if enough people hear about he will spin it.
- trevorcarpenter, on 10/11/2008, -25/+25Let's just see how many in the MSM even notice this...
- exgop, on 10/11/2008, -25/+20Obama didn't do it so the MSM wont report it. They can't make John McCain look good to the American voter. That is not in the plans to get the Messiah elected.
- msmary67, on 10/11/2008, -26/+23C'mom MSM!! Report this...I DARE YOU!!!!!!
- cloak419, on 10/12/2008, -2/+1It has, how the hell is that a dare? Honestly we've been dished out facts about both McCain and Obama and usually none add up we find out. How can this country say this is an election for OUR country when we are separated by parties and everyone is wrong to each other?
Screw Obama.
Screw McCain.
In the end, they're both the same.
- cloak419, on 10/12/2008, -2/+1It has, how the hell is that a dare? Honestly we've been dished out facts about both McCain and Obama and usually none add up we find out. How can this country say this is an election for OUR country when we are separated by parties and everyone is wrong to each other?
- skmckinny, on 10/11/2008, -26/+21Send it out far and wide. To friends and family. To media..
- booksnmore4you, on 10/12/2008, -17/+30As Obama has all along maintained, McCain can indeed point to some "genuine moments" like this.
And this letter HAS been reported, as has Obama raising a voice and writing a letter about it a few years ago.
This is not a McCain letter, please note. This is a letter from 20 senators, 1 being McCain.- TechMike, on 10/12/2008, -0/+1The first 2 sponsored the bill, but it didn't go anywhere. MccCain fought to gain action on the bill, and added his name as the only other co-sponsor. He then vowed to work to gain some momentum on the issue. This letter is one proof of that effort.
- onyxcoltrane, on 10/12/2008, -17/+24McCain the De-regulator:
http://progressiveaccountability.org/2008/09/17/jo ...- skmckinny, on 10/12/2008, -6/+6Yes he is. In this situation of excessive social action via Fannie and Freddie, McCain has been a proponent of regulation to counter-act the socialism.
- alkajazz, on 10/13/2008, -0/+1Uh what?
- JenniferInMO, on 10/12/2008, -15/+22I notice that this letter was written to the Republicans who were in control at the time. McCain was just one of the senators who signed this letter. If he truly thought it was an urgent matter and was really a leader he would have rallied HIS majority to do something. Yet he did not. If he cannot even lead his own party when it is in control of Congress how can he expect to lead the entire country.
Buried for inaccuracy. Misleading title and summary as well as the inaccurate conclusions in the article itself.- poprocksandsoda, on 10/12/2008, -1/+3Sorry, if you followed this you know that the Democrats controlled Congress and voted down this measure unanimously. The Republicans had a strong majority for it.
- hel76, on 10/12/2008, -10/+23I think you are missing two important things.
1) this letter was killed by the republican's in charge. Frist and Shelby.
2) If McCain and the other republicans wanted to push the issue, they would have gathered bi-partisan support. Which McCain claims to always do, but in this case they did not. One should ask why not?- Alegoo92, on 10/12/2008, -11/+6It's hard to get bi-partisan support with all the dirty money between those banks and certain democrats..
- insomniac8400, on 10/12/2008, -6/+7Who wrote the letter? A lot of people signed that letter. And Ron Paul brought this up years earlier. So if you want to give any of these senators credit for sending a letter that did nothing, you need to crown Ron Paul king of the earth.
- clarencepaul, on 10/12/2008, -5/+2Nobody should have been given special consideration on housing just because they were a minority, ability to buy and qualifications for credit approval should have been
the litmus test for obtaining housing, the govt. flip-flopped and floundered on this big time, now we all are paying for somebody who should have stayed in their apts. or
flop house or shotgun house until they could afford to buy, I have bought seven homes
in my times, all of them was a test of ability to buy, proof i could and then they would
approve once I was qualified and they were satisfied. - hinchb, on 10/12/2008, -12/+16Guess what else happened in 2006?
- The private sector issued about 84% of all the subprime loans.
- Only one of the top 25 subprime lenders in 2006 was directly subject to the housing law that's being lambasted by conservative critics.
http://www.mcclatchydc.com/251/story/53802.html
Oh yeah and it looks like McCain actually got more money from those two mortgage giants you hate
http://www.nytimes.com/2008/09/10/us/politics/10fa ...
Sorry to ruin the conservative circlejerk you had going.- poprocksandsoda, on 10/12/2008, -2/+2Sorry, but I am very familiar with this subject and I can tell you without an ounce of doubt you have no ***** clue what you are talking about. The Democrats voted down this legislation because of the threat it represented to their special interests. They didn't want to come into Congress and bite the hand that financed their campaigns. You can argue this until the cows come home. Bottom line, Republicans saw the writing on the wall and tried to act. The Democrats voted unanimously against this legislation.
- hinchb, on 10/12/2008, -0/+2The whole point of my post was that the private sector, not the government or any of the government sponsored lending institutions, has to shoulder most of the blame for subprime loans because THEY WERE THE MAJORITY OF THE ONES HANDING THEM OUT. If you can read words you might have figured that out but sadly this doesn't seem to be the case.
- poprocksandsoda, on 10/12/2008, -2/+2Sorry, but I am very familiar with this subject and I can tell you without an ounce of doubt you have no ***** clue what you are talking about. The Democrats voted down this legislation because of the threat it represented to their special interests. They didn't want to come into Congress and bite the hand that financed their campaigns. You can argue this until the cows come home. Bottom line, Republicans saw the writing on the wall and tried to act. The Democrats voted unanimously against this legislation.
- protogenxl, on 10/12/2008, -8/+14"Sen. Obama did not sign the letter, nor did any other Democrat."
Maybe they didn't sign the letter because they weren't told about the letter? Did Senator John McCain ever mention this letter while speaking on the floor or send a Memorandum of Intent to the Senate?- poprocksandsoda, on 10/12/2008, -0/+3For two years Elizabeth Dole had pushed this throughout Congress. It was voted on. People knew what it was with great detail. The Dems didn't want any type of controls put on Fannie/Freddie.
- TechMike, on 10/12/2008, -0/+1If Obama and Biden had been actively engaged in legislation that protected low-income homeowners, they would have known about this legislation. Obama we might forgive - he wasn't at work long enough to notice; Biden should have been right on this.
Unless it's a partisan ploy to create an issue to embarrass a Republican administration and help a Democrat get elected.
- Kathy1980, on 10/12/2008, -13/+10Send this to everyone you know!!
Vote McCain/Palin 08'- jstohler, on 10/12/2008, -4/+2Why?
- moolaismyfriend, on 10/12/2008, -2/+1I will never vote for people who invoke racism and hatred like this barbaric duo.
- repomonkey, on 10/12/2008, -14/+8LMAO at all the GOP disciples - elated at a tiny piece of relatively good news awash in an ocean of bad.
- doctorfungi, on 10/12/2008, -4/+3The Fannie Mae and Freddie Mac deal wasn't Obama's fault, and it wasn't McCain's fault. Both of them (yes, both) wrote to certain people to try and warn them about it.
The partisans out there will claim the other candidate or their party was at fault and did nothing to stop it, the realists out there will acknowledge that both parties were at fault and that neither of the current Presidential candidates was in any position to single-handedly affect the crisis in any major way. - anonblog2008, on 10/12/2008, -3/+12Note that this letter is dated May 5, 2006, when the REPUBLICANS were still the MAJORITY and in control of both houses of Congress...for another 7 months. How did Frist and Shelby respond to this letter?
There's plenty of blame to go around in both the Republican and Democratic parties, and the Bush administration. Americans should be upset with EVERYONE in government because they failed us.- poprocksandsoda, on 10/12/2008, -2/+2Um sir, I know you're not from our country. But you do realize that the balance of the Congress at the time necessitated about 1/3rd of the Dems voting for something in order for it to pass. In this case, all Dems voted against it. Of course, who in the democratic congress would want Freddie/Fannie to be stifled.
- anonblog2008, on 10/12/2008, -0/+1What you are clearly ignorant of is that the majority party holds the chairmanships of committees and subcommittees, giving them the power to hold oversight investigations, schedule hearings, call witnesses, and essentially drive the congressional agenda. Did Frist and Shelby respond to this letter from Republican senators and schedule hearings to do something about it?
P.S. poprocksandsoda - did you really believe that urban myth crap as a kid? that explains a lot.
- anonblog2008, on 10/12/2008, -0/+1What you are clearly ignorant of is that the majority party holds the chairmanships of committees and subcommittees, giving them the power to hold oversight investigations, schedule hearings, call witnesses, and essentially drive the congressional agenda. Did Frist and Shelby respond to this letter from Republican senators and schedule hearings to do something about it?
- poprocksandsoda, on 10/12/2008, -2/+2Um sir, I know you're not from our country. But you do realize that the balance of the Congress at the time necessitated about 1/3rd of the Dems voting for something in order for it to pass. In this case, all Dems voted against it. Of course, who in the democratic congress would want Freddie/Fannie to be stifled.
- FENWAYFREAK, on 10/12/2008, -5/+7I suggest everyone read this article, from the New York Times, from 1999.
http://query.nytimes.com/gst/fullpage.html?res=9C0 ...
Specifically the third and seventh paragraph.
Also, take a look at this one where bill clinton says,
"I think the responsibility the Democrats have may rest more in resisting any efforts by Republicans in the Congress or by me when I was President to put some standards and tighten up a little on Fannie Mae and Freddie Mac."
http://sooshisoo.wordpress.com/2008/09/25/bill-cli ...- 5JimBob, on 10/13/2008, -1/+1Now why would this be Dugg Down? It's merely a statement of fact. Those negative diggers, I suspect, just can't handle reality.
- hamobu, on 10/12/2008, -7/+7I like McCain. I think he is man of integrity that has mixed up with wrong and hateful people in order to win an election.
Obama is a smart man, and probably a nice guy, but politically I think that he is a weasel. Obama will never stick his neck out and say anything that a large number of people will actually disagree with.
Since I vote on character, and I am thinking about Nader, but I like McCain more and more.- littlequeenie, on 10/12/2008, -1/+1Character? By Palin as his running mate - who was in the middle of an ETHICS investigation at the time - what does that say? Never mind the hundreds of other things I feel are terribly wrong with her - at the time he picked her, she was being investigated for ethics violations.
That to me says a lot about his character and judgment.
I disagreed a lot with his principles in the past because I disagree with many republican principles, but I used to respect him. Not anymore. I think he sold his soul for this - in 2000 he spoke against the far-religious-right fanatics and now he not only embraced their leaders but picked a fervent follower for a running mate.
I am really sorry but I feel as if he has lost his moral compass.- txchica, on 10/12/2008, -0/+1Littlequeenie, wow are you serious? Why don't you read the finding of that ethics investigation and then maybe you'll see how ridiculous it was.
Funny thing is, you think that politically based investigation is proof positive about someones judgment and character and then you support Obama who has acknowledged relationships with Ayers (a known domestic terrorist), Tony Rezko, and the Rev Wright (went to his church for 20 years and never heard any of the anti-American, anti-white rhetoric that was being sold in the front lobby of the church) and still you support him? You dare to question McCain's character when you continue to support Obama after his proven lack of judgment and poor character in choosing whom he was dealing with in both his public and private life. Really, who is the one who has lost his moral compass? Sorry, but it's not McCain.
Can you provide me any proof that Palin has allowed her religious beliefs to affect her job as Gov? All the interviews I've seen from Alaska have said she never brought her religion into office.It appears that your personal bias against the religious right is coloring your judgment.
- txchica, on 10/12/2008, -0/+1Littlequeenie, wow are you serious? Why don't you read the finding of that ethics investigation and then maybe you'll see how ridiculous it was.
- littlequeenie, on 10/12/2008, -1/+1Character? By Palin as his running mate - who was in the middle of an ETHICS investigation at the time - what does that say? Never mind the hundreds of other things I feel are terribly wrong with her - at the time he picked her, she was being investigated for ethics violations.
- hamobu, on 10/12/2008, -3/+3Another thing is that the underlying problem is in issuing and securitization of bad loans and not Freddie and Fannie. Freddie and Fannie actually did not deal in sub-prime mortgages, but they still got swept up in the flood. The other problems are lack of regulation, and Greenspan's easy money policies.
To illustrate the lack of regulation, market created insurance for securitized mortgages, but they did not call it insurance because then they would have to abide by insurance regulation and set aside reserves to cover claims. Instead they called it "credit default swap." Without Reserves to cover claims, what ended up happening is that entire market, instead of having insurance, it had a bet it could not cover. And that is oneof the underlying problems. We can't cover bets we made in good Greenspan's bubble economy. - SethEllis, on 10/12/2008, -5/+6This letter, and it's associated legislation was brought up in the debate, wasn't it? I'm not sure you can do much more to make it a larger part of the news cycle. Doesn't mean you can't try. This story has 4 hours left, but we can do it if we work hard. It's crunch time.
- DuggDowner, on 10/12/2008, -8/+3That's the most work McCain has done in the senate in the past two years.
- baglady215, on 10/12/2008, -2/+5Two words: Rick Davis
- URnotheonly1, on 10/12/2008, -1/+31 word: yawn, the moralization is lame
- schkura, on 10/12/2008, -4/+5Nothing says "impending crisis" and "man of action" like a strongly-worded letter.
- 5JimBob, on 10/12/2008, -1/+10I pretty much gave up on DIGG as any sort of outlet for comparing, contrasting or debating ideas. The Leftist minions who control what winds up on DIGG make it a point of honor to bury anything that violates their view of the world and they struggle like bantam roosters to stay on top of the leftist and anti-conservative dung heap that generally constitutes the "most dug" items. Thought I'd give this item a try just for the hell of it since it's so relevant and potentially informative - two serious strikes against it. Reading the comments about this posting pretty much make may point. It's obvious right-wingers have pretty much given up the struggle on DIGG. You can have it, and the disaster to come if/when Obama becomes president.
- aplyd, on 10/12/2008, -7/+2dude this letter was for blackmailing banks to donate them money for upcoming elections. If McCain had tht much brain he wldnt be ***** around in Iraq all the time.
- Psalms83, on 10/12/2008, -1/+1Quote : "If McCain had tht much brain he wldnt be ***** around in Iraq all the time."
I am sure you could have effectivly said the same thing with out the explecitive
- Psalms83, on 10/12/2008, -1/+1Quote : "If McCain had tht much brain he wldnt be ***** around in Iraq all the time."
- streamline, on 10/12/2008, -4/+5Hi,
http://iraqsinconvenienttruth.com/2008/10/12/barne ...
http://iraqsinconvenienttruth.com/2008/09/30/frank ...
VIDEO: The "REAL" Barack Obama:
http://iraqsinconvenienttruth.com/2008/09/21/barac ...
http://sayanythingblog.com/readers/entry/bill_clin ...
http://iraqsinconvenienttruth.com/feed/
Peace!
Dan - wonderchemist, on 10/12/2008, -2/+2By 2006 it was already too late.
- Chahrlie5, on 10/13/2008, -0/+2And ignoring a problem is okay because it's "too late"?
- wonderchemist, on 10/13/2008, -0/+1I didn't say to ignore it. By 2006, the size of the CDS market already exceeded the planetary GDP. A person (and there were people who saw it coming) with true foresight saw it coming in 1998, and they were ignored by both sides.
- 5JimBob, on 10/13/2008, -0/+1well, now it's too, too late.
- Chahrlie5, on 10/13/2008, -0/+2And ignoring a problem is okay because it's "too late"?
- warrenterr, on 10/12/2008, -3/+3i dugg this, and support Obama. McCain himself i think is a good candidate, although I disagree with his point of view. It's Palin that ruins the ticket not to mention the campaign he has been running which is based on dirty attacks and has promoted racist behavior.
- moolaismyfriend, on 10/12/2008, -9/+1Keating five anyone? This anti-American pro-racist scum bag has done everything in his power to deregulate wall street. This global disasters is McCain's fault.
The disator Mccain has created is more damaging than any plan flying into buildings.- TechMike, on 10/12/2008, -1/+3Buried for inaccurate. Keating incident showed how honest and above-board McCain is. Anyone who tries to make anything more out of it is a shill for his detracdtors.
- 5JimBob, on 10/13/2008, -1/+2Four of the five were Democrats. McCain spent years apologizing for his stupidity in allowing himself to be used by Keating. McCain and Glenn were finally exonerated as not being culpable - just stupid for being used.
Jeez. Get your facts straight.
- 13373h4X0r, on 10/12/2008, -7/+2I wanted to paraphrase and quote some of the good points made by other Diggers in the comments above:
(1) This is not a letter written by McCain. McCain merely added his signature to a list of 20 other signatures of Republican senators.
(2) No Democrat was invited to sign this letter. (So, that's the answer to "Where's Obama's signature?")
(3) The Republicans in charge, Frist and Shelby, did not let the legislation reach the Senate floor for debate. (Also, the Republicans remained in charge for 7 more months following the date of the letter.)
(4) If McCain himself actually thought this matter was urgent at the time he added his signature to this letter, he should have worked harder to rally support for reforms. But he did not. It's pretty obvious that McCain had no more idea that this matter would reach its current magnitude than anyone else. And if you think otherwise, then it's worth noting that he wasn't able to convince his fellow Republicans to bring the issue to the floor for debate and a vote.
(5) [hamobu:] "The underlying problem is in issuing and securitization of bad loans and not Freddie and Fannie. Freddie and Fannie actually did not deal in sub-prime mortgages, but they still got swept up in the flood."
(6) [hinchb:] "The private sector issued about 84% of all the subprime loans.
Only one of the top 25 subprime lenders in 2006 was directly subject to the housing law that's being lambasted by conservative critics.
http://www.mcclatchydc.com/251/story/53802.html
(7) During the campaign, McCain made the claim that the fundamentals of the economy were strong. So, even as recently as the date he last made that statement he was obviously not convinced of an economic crisis.
I think those points help put this letter in to perspective. - URnotheonly1, on 10/12/2008, -0/+8Good points on all sides all! But Obama did sue Citibank over not providing enough mortgages to minorities and low income home owners. What say about that?
To me it shows a great deal about world views. - streamline, on 10/12/2008, -1/+6Hi,
QUOTE FROM BILL CLINTON:
Although Frank now blames Republicans for the failure of Fannie and Freddie, he spent years blocking GOP lawmakers from imposing tougher regulations on the mortgage giants. In 1991, the year Moses was hired by Fannie, the Boston Globe reported that Frank pushed the agency to loosen regulations on mortgages for two- and three-family homes, even though they were defaulting at twice and five times the rate of single homes, respectively.
""Three years later, President Clinton’s Department of Housing and Urban Development tried to impose a new regulation on Fannie, but was thwarted by Frank. Clinton now blames such Democrats for planting the seeds of today’s economic crisis.
“I think the responsibility that the Democrats have may rest more in resisting any efforts by Republicans in the Congress or by me when I was president, to put some standards and tighten up a little on Fannie Mae and Freddie Mac,” Clinton said recently.""
http://iraqsinconvenienttruth.com/2008/10/05/lawma ... - Psalms83, on 10/12/2008, -0/+4===================================
http://www.humanevents.com/article.php?id=28973
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http://talk.collegeconfidential.com/parent-cafe-el ...
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http://www.washingtonpost.com/wp-dyn/articles/A117 ...
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http://www.washingtonpost.com/wp-dyn/business/spec ...
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http://www.usatoday.com/money/industries/banking/2 ...
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http://findarticles.com/p/articles/mi_qn4188/is_/a ...
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http://www.topix.com/forum/city/kennett-mo/TBDRU7M ...
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http://www.politicalforum.com/current-events/50494 ...
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http://www.foxnews.com/story/0,2933,199524,00.html
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http://www.jsonline.com/story/index.aspx?id=264613
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http://community.seattletimes.nwsource.com/archive ...
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http://www.disboards.com/showthread.php?t=1955975
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http://www.goofigure.com/UserGoofigureDetail.asp?g ...
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http://www.clevelandleader.com/node/7203
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http://boards.msn.com/thread.aspx?threadid=799503
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http://news.yahoo.com/s/ibd/20080929/bs_ibd_ibd/20 ...
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http://www.canadafreepress.com/index.php/article/4 ...
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http://www.ibdeditorials.com/IBDArticles.aspx?id=3 ...
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http://www.conceptualguerilla.com/?q=node/1023
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OBAMA: On Organizing After Saul Alinsky
http://sweetness-light.com/archive/obama-after-ali ...
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http://www.boston.com/bostonglobe/editorial_opinio ...
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http://en.wikipedia.org/wiki/Saul_Alinsky
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Google Obama John L. McKnight Iowa
Google Obama ACORN
Google Obama liberation theology
Google Obama abortion bills - HazelButtercup, on 10/13/2008, -0/+5Tell your friends- digg this! Let's get at least one pro-McCain story on the front page of digg before the election!
- caracter2, on 10/14/2008, -0/+4I dugg this just to see if it would ever reach the front page. Granted, McCain's general policies are too conservative for me but this showcases one of his good decisions. If this doesn't reach the front page then I guess digg's bias is utterly insurmountable.
- MisterBADNEWS, on 11/30/2008, -0/+1The Ethics Committee ruled that the involvement of McCain in the scheme was also minimal, and he too was cleared of all charges against him.[57][56] McCain was criticized by the Committee for exercising "poor judgment" when he met with the federal regulators on Keating's behalf.[7] The report also said that McCain's "actions were not improper nor attended with gross negligence and did not reach the level of requiring institutional action against him....Senator McCain has violated no law of the United States or specific Rule of the United States Senate."[59] On his Keating Five experience, McCain has said: "The appearance of it was wrong. It's a wrong appearance when a group of senators appear in a meeting with a group of regulators, because it conveys the impression of undue and improper influence. And it was the wrong thing to do."[7]
McCain would write in 2002 that attending the two April 1987 meetings was "the worst mistake of my life - MisterBADNEWS, on 11/30/2008, -0/+1ACORN + ECONOMICS = ACORNOMICS
..... Destryoing the credit markets by giving bad loans to low income non-qualifiers..Then Print money to throw @ the problem so you devalute the dollar, Then finally ask the tax payer to pick up the bill.
http://barelyliberated.blog.com/4233099/
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