What is Digg?105 Comments
- OfNumbers, on 09/06/2008, -6/+42Buried for obnoxious title.
- FishHammer, on 09/06/2008, -10/+39Could that headline be any less mature? Apparently 12 year olds think it's cool to hate McCain, too.
- inactive, on 09/06/2008, -11/+38Oh god that's hilarious, wait...
- clonestar, on 09/06/2008, -15/+41Like father, like son. Woe is us.
- MrWhite7, on 09/06/2008, -4/+27Buried, I'm not going to encourage that sort of ***** headlining. Someone else can post the story in a mature way I'm sure.
- TheFinaleofSeem, on 09/06/2008, -3/+25Wow, that's a real winner of a headline. Buried like the piece of ***** that it is. Thanks for reinforcing the stigma that most Diggers are morons.
- grinsy, on 09/06/2008, -9/+27Sounds like Treasure Secretary qualifications to me.
- King0007, on 09/06/2008, -9/+26Here is the Link to the FDIC site
http://www.fdic.gov/news/news/press/2008/pr08077.h ... - postvivace, on 09/06/2008, -6/+23wow, the general digg user is so hypocritical in the sense that they are both for and against ad hominum attacks. After all, it's okay to attempt to discredit John McCain because his son's bank failed, but it's not okay for people to talk crap about Obama's friends, particularly the one involved in terrorist activities (and admitted to it).
- bgolds99, on 09/06/2008, -2/+18Wow, Digg has become such a respectable website...
- avengingturnip, on 09/06/2008, -10/+25Don't worry about him. I am sure he will land on his feat and still have lots of money at the end of the day. What? You wonder about the depositors? Where are your priorities?
- quomen, on 09/06/2008, -5/+19Buried for the ***** obnoxious title. King0007 go back to ***** youtube.
- SBelyea, on 09/06/2008, -6/+18Seriously, don't be a wanker. Quit writing titles like an eight year old.
- toetagger, on 09/06/2008, -5/+17http://en.wikipedia.org/wiki/Charles_Keating#Failu ...
Some regulators noted the danger posed by these deregulations and pushed for more oversight, but Congress refused. This may be due, in part, to the Keating Five, five Senators — Dennis DeConcini, Alan Cranston, John Glenn, Don Riegle and *John McCain* — who had received, for both themselves and for groups they supported, well over $1 million from Keating in the 1980s as favors and political contributions.[1] They later met twice with regulators who were investigating American Continental Corporation, in an attempt to end the investigation. (In 1991, they would be rebuked to various degrees by the Senate Ethics Committee.)[2]
http://en.wikipedia.org/wiki/Neil_Bush#Silverado_S ... - agaiziunas, on 09/06/2008, -7/+19I sincerely believe McCain can do better - I think he can totally BANKRUPT the country, his son only put the bank into a world of hurt.
- Pusod, on 09/06/2008, -5/+16Why laugh? This could happen to democrats and republicans alike. Everyone is having a tough time these days, there is massive unemployment, layoffs, forclosures. Banks aren't immune you know (unless your name is fanny or freddie), but this just goes to show how shallow some of you people are and will laugh just because the bad news has something to do with the opposite political party.
- bamassippi, on 09/06/2008, -6/+17So, as an Obama supporter you're happy hundreds more people will lose their jobs?
- chubbybubba, on 09/06/2008, -5/+15It amazes me that people find a bank failure as funny. Whether it's McCain's son or somebody else's son doesn't make any difference, it just isn't funny.
( King, I sure hope you're a little kid, cause if you're not you're an imbecile. ( Now thats funny.)) - artfiend77, on 09/06/2008, -5/+15You know, I dislike Mccain as much as the next guy, but I buried this for it's ***** childish and retarded title.
- adam1mc, on 09/06/2008, -14/+23And who here thinks that McCain can do any better with the Country than his son did with the bank?
- DroidBlender, on 09/18/2008, -9/+18HAHAHAHAHAHAHAHA, our economy is failing, but at least we can poke at McCain & Son. AMIRITE? HAHAHAHA! EPIC PWN!
- dkapuchino, on 09/06/2008, -2/+9Back in my country, we have a saying. It roughly translates to: Only fools find comfort in the tragedies of others.
- King0007, on 09/06/2008, -9/+16Sorry to post to my own ,,,,,,,,but here is the link about McCain's son...and some really interesting time lines
http://www.politicalbase.com/profile/Mark%20Nickol ... - clonestar, on 09/06/2008, -4/+10Maybe daddy McCain can draw on advice from Charles Keating. :)
- john2kdiggs, on 09/06/2008, -8/+14I had a feeling Silver State would fail as soon as I found out that McCain's son quit his job there. Figured it was just a matter of time at that point.
- doctorfungi, on 09/06/2008, -4/+9Wow. Just wow Digg.
How about you stop with all the family attacking and stick to the real issues? It's pathetic, negative politics and it reflects much worse on your than the people you're attacking. - amdinator, on 09/06/2008, -5/+10And this is hilarious how? Please grow up, there is nothing funny about this.
- inactive, on 09/06/2008, -7/+12Wow a bank failed.
What a shock.
Thank God the democrats weren't there to bail them out with billions more in debt.
Thanks Democrats for the 400+ billion you have already spent saving failing banks that shock of shocks, are still failing.
and the 400+ billion in debt we now owe to China.
and they say the Iraq war is government waste
ahhahahaah
P.S I was also very stimulated to know that my stimulus check was part of a 125 billion IOU to China. Now the democrats want to give me another check and send the bill to my children. Thanks Democrats. IOU. - Anth0n, on 09/06/2008, -1/+6This isn't funny because when banks fail, the government bails them out by printing money out of nowhere and sending it to these banks. The additional money adds to inflation, and inflation is a tax for whoever doesn't get the money first. So when the banks fail, everyone EXCEPT the bank pays for it. Total bogus.
- inactive, on 09/06/2008, -0/+4Partisan Effort my ass
Try this scene:
Round 1(just before the first stimulus check, motion to fund Iraq war on the floor)
Demcrat: Hey George you think you could support these stimulus checks?
George: Not on your life buddy. What a waste of money.
Democrat pulls out a bill from his pocket.
Democrat: Oh whats this Iraqi funding bill? Oh George I don't know if I can support this. I need some incentive
George: Not my war, No! YOu can have anything you want just don't touch my war!
Democrat: Ok friend
Round 2(recently)
Democrat: Hey George I think it is time for another stimulus check.
George: Not on your life buddy.
Democrat: But you helped us out last time.
George: Yeah because you offered to pay for my war if I did. Now you have nothing to offer. My war is fully funded even into the next presidency thanks to you. So Sorry dudes I gotta decline.
Democrat fumes off
end scene
Side notes: These events are based on real events. Actually read anything but the huffington post and you might know about them too. Various newspapers carry stories now about how Bush does not support a second round of second stimulus checks. Various old articles mention the deal made for the first. - inactive, on 09/06/2008, -1/+5His role model must be Democratic Senator Charles Schumer because he single handily took down IndyMac.
- katie212, on 09/06/2008, -0/+4Now we all know that McCain has already stated that ,he doesn't know very much about the U.S. economy.. Hell, he can't even count on his fingers how many houses that he owns and you expect him to know how to handle the U.S. economy?
- postvivace, on 09/06/2008, -7/+11"like father like son"
....
obama's dad abandoned his family...doesn't it follow that obama will also abandon america? - Laminarcissus, on 09/06/2008, -5/+9Huh?
The bank didn't fail. It has losses, it's losing money, but it hasn't by any stretch of the imagination failed.
And what does this have to do with McCain's candidacy exactly? Should my father have to answer for the success or failure of my career?
I'm seriously starting to get embarrassed for my side. Could we bring the class level up like a hundred notches sometime soon? - haydesigner, on 09/06/2008, -0/+4Yeah, it is called OUR tax dollars, Einstein.
- audomatix, on 09/06/2008, -5/+9How surprising that the son of a senator always has a great ***** job. For once I want to hear that they work at a burger king or some *****... there's no nepotism in this country... none at all. (sarcasm)
- insomniac8400, on 09/06/2008, -8/+11When McCain's son stepped down, you knew it was on the verge of failure. And of course by stepping down he gave away the dire financial situation of the bank. Thus, ensuring failure because you would have to have been stupid to keep your money in a bank that you know is close to failure. So in a way, John McCain's son singlehandedly caused the failure of this bank, just like that duche bag from New York that caused IndyMac to fail.
- inactive, on 09/06/2008, -8/+11..nice title
- OfNumbers, on 09/06/2008, -1/+4I remember the days when the media would report things like that.
- avengingturnip, on 09/06/2008, -0/+3FDIC. Yeah, at least other people aren't going to be made to pay for his mistakes. Oh wait!
- camino262, on 09/06/2008, -3/+6Posts like this are a disgrace to Digg. How about some professionalism?
- PEENkiller, on 09/06/2008, -0/+3Finally, a level-handed response. Thank you.
- duckyinc, on 09/06/2008, -0/+3Ahahahha america failed and you can't do anything about it. AHahahha
- King0007, on 09/06/2008, -1/+4Yeah...isn't that funny....because he was the only real candidate that could of helped this country.....hope you have some good sunscreen for the nuclear war that is coming.....
If you understand anything about world politics...try a Google search for "US NAVY STANDOFF in Black Sea" and stop watching Fox news!
So you want McCain? More Wars and world Domination?
Or how about Obama, that is a member of CFR, and will give you free health care (Who pays for that?)
You can't win in this election...
Don't blame me...I wanted Ron Paul! - NeoConned08, on 09/06/2008, -0/+2Congressman Ron Paul
U.S. House of Representatives
July 16, 2002
Mr. Speaker, I rise to introduce the Free Housing Market Enhancement Act. This legislation restores a free market in housing by repealing special privileges for housing-related government sponsored enterprises (GSEs). These entities are the Federal National Mortgage Association (Fannie), the Federal Home Loan Mortgage Corporation (Freddie), and the National Home Loan Bank Board (HLBB). According to the Congressional Budget Office, the housing-related GSEs received $13.6 billion worth of indirect federal subsidies in fiscal year 2000 alone.
One of the major government privileges granted these GSEs is a line of credit to the United States Treasury. According to some estimates, the line of credit may be worth over $2 billion. This explicit promise by the Treasury to bail out these GSEs in times of economic difficulty helps them attract investors who are willing to settle for lower yields than they would demand in the absence of the subsidy. Thus, the line of credit distorts the allocation of capital. More importantly, the line of credit is a promise on behalf of the government to engage in a massive unconstitutional and immoral income transfer from working Americans to holders of GSE debt.
The Free Housing Market Enhancement Act also repeals the explicit grant of legal authority given to the Federal Reserve to purchase the debt of housing-related GSEs. GSEs are the only institutions besides the United States Treasury granted explicit statutory authority to monetize their debt through the Federal Reserve. This provision gives the GSEs a source of liquidity unavailable to their competitors.
Ironically, by transferring the risk of a widespread mortgage default, the government increases the likelihood of a painful crash in the housing market. This is because the special privileges of Fannie, Freddie, and HLBB have distorted the housing market by allowing them to attract capital they could not attract under pure market conditions. As a result, capital is diverted from its most productive use into housing. This reduces the efficacy of the entire market and thus reduces the standard of living of all Americans.
However, despite the long-term damage to the economy inflicted by the government’s interference in the housing market, the government’s policies of diverting capital to other uses creates a short-term boom in housing. Like all artificially-created bubbles, the boom in housing prices cannot last forever. When housing prices fall, homeowners will experience difficulty as their equity is wiped out. Furthermore, the holders of the mortgage debt will also have a loss. These losses will be greater than they would have otherwise been had government policy not actively encouraged over-investment in housing.
Perhaps the Federal Reserve can stave off the day of reckoning by purchasing GSE debt and pumping liquidity into the housing market, but this cannot hold off the inevitable drop in the housing market forever. In fact, postponing the necessary but painful market corrections will only deepen the inevitable fall. The more people invested in the market, the greater the effects across the economy when the bubble bursts.
No less an authority than Federal Reserve Chairman Alan Greenspan has expressed concern that government subsidies provided to the GSEs make investors underestimate the risk of investing in Fannie Mae and Freddie Mac.
Mr. Speaker, it is time for Congress to act to remove taxpayer support from the housing GSEs before the bubble bursts and taxpayers are once again forced to bail out investors misled by foolish government interference in the market. I therefore hope my colleagues will stand up for American taxpayers and investors by cosponsoring the Free Housing Market Enhancement Act. - medbob, on 09/06/2008, -1/+3Well... Guess what. I'm thinking about a failure of a man...
He failed as a businessman - as a storekeeper.
He failed as a farmer - he despised this work.
He failed in his first attempt to obtain political office.
When elected to the legislature he failed when he sought the office of speaker.
He failed in his first attempt to go to Congress.
He failed when he sought the appointment to the United States Land Office.
He failed when he ran for the United States Senate.
He failed when friends sought for him the nomination for the vice-presidency in 1856.
That failure was Abraham Lincoln.
Only those who are too timid to do anything... Those are the ones that never fail.
Would you perhaps resemble that? - haydesigner, on 09/06/2008, -1/+3@SquareEnix: "no, if anything, he will just abandon his wife and kids..."
Well, McCain already beat him to that... - Taiyoryu, on 09/06/2008, -1/+3With a $9 trillion dollar national debt what's another few $100 million. Surplus to this in 8 years? Sometimes it's just hard to think about. :-P
- King0007, on 09/06/2008, -0/+2The bank failed
http://www.fdic.gov/news/news/press/2008/pr08077.h ... - moduc, on 09/06/2008, -4/+6Hahahahha
Thank you. -
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