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96 Comments
- inactive, on 09/26/2008, -7/+86Best campaign ever, McCain. It's one ***** after another with you.
* Your campaign co-chair almost single-handedly caused the subprime meltdown. (FAIL)
* Your new campaign manager was getting paid by Freddie Mac while you parrot out how good the economy is. (FAIL)
* Your running mate selection undermined one of your biggest arguments against Obama, that he's inexperienced. (EPIC FAIL)
* You flip flopped more in one week than Kerry did in his entire campaign. (BIG FLOPPIN FAIL)
* Then you "suspend" your campaign trying to dodge the upcoming debates to "help out" in Washington, and we all know how that went. (FAIL FAIL FAIL FAIL FAIL FAIL FAIL) - tcbishop12, on 09/26/2008, -4/+40"It just proves his campaign is governed by tactics and not ideology. In the end, he blinked and Obama did not. The 'steady hand in a storm' argument looks now to more favor Obama, not McCain... My guess is that plasma units are rushing to the McCain campaign as we speak to replace the blood flowing there from the fights among the staff." Former McCain adviser Craig Shirley, quoted by the Huffington Post.
- lncb2u, on 09/27/2008, -4/+26A glimpse of how he would run the country while facing an economic crash, worsening global warming, an angry world. McCain is not fit to command and neither is the clueless woman he chose to be his VP -- the combination is truly FRIGHTFUL. Anyone who cannot see this is willfully unconscious.
- p9s50W5k4GUD2c6, on 09/27/2008, -1/+16"Best campaign ever, McCain. It's one ***** after another with you." Sen. *****. I think you may be on to something!
McCain has pitifully morphed into a bombastic ass who couldn't give a flying ***** about the needs of our damaged country. - ComeOutSwingin, on 09/27/2008, -1/+12I may be interpreting it wrong, but if the banks resorted to these bad mortgages it must mean that there wasn't enough business to keep going. In other words, the market is unable to sustain so many institutions so the banks had to enlarge their markets by allowing these risky loans. So if we don't let the banks fail and let competition shrink won't we just end up in the same situation in the future? Or they could just be extremely greedy.
I'm probably wrong, but I'm curious and thought I should ask. - westyvw, on 09/27/2008, -1/+12Do you think he read America's attitude correctly if this is true? After the WMD incident I would swear that Bush is yelling FIRE! when really hes saying "he my buddies just arent gonna make as much money as thought, and I need a check. A blank check"
I know I am not the only one who is beginning to question this "bailout". Although I dont support McCain but I think putting a halt to this crap until there are solid facts just might be a good thing. - Dipsomaniac, on 09/27/2008, -2/+12http://www.cbsnews.com/blogs/2008/09/26/politics/h ...
Wrong. - inactive, on 09/27/2008, -3/+12Here are the highlights from the debate for those that missed it.
McCain: Look. I've got this bracelet...
Obama: Lemme just point out that I also have a bracelet...
------
McCain: OMG WE NEED MONEY OR WE ARE ALL *****
Obama: IT'S TRUE!!1 WE ARE BALLS DEEP IN THIS *****
------
Moderator: Are you going to answer the question? Either of you? - inactive, on 09/27/2008, -2/+11The only reason I even noticed McCain is because I kept thinking he was having a series of micro-strokes.
- inactive, on 09/27/2008, -3/+12I'm gonna digg you up cuz "*****" just happens to be one of my favorite words. Nicely done.
- serpentor, on 09/27/2008, -0/+8Congress left today for its 5-week recess, the bill is effectively dead. Those few who are sticking around over the weekend are doing it for show. If by some miracle an amended agreement is drawn up, there won't be enough in town next week to win a majority vote.
- ironhide, on 09/27/2008, -2/+9It shows you are in the minority as far as your "opinion" goes.
- ironhide, on 09/27/2008, -2/+8Waiting for all the armchair economists to chime in. Your impotent bleats will sing me to sleep.
- Dipsomaniac, on 09/27/2008, -2/+7Where is CNN saying McCain won?
- joand315, on 09/27/2008, -2/+7Well closer to normal, anyway. I don't think we can replace *all* the money that's evaporated in the last few weeks.
- LilRabbitFooFoo, on 09/27/2008, -0/+5I think, very simply put, we just don't believe anything Bush or any of these people say anymore.
We've been lied to about EVERYTHING for 8 years. They've used FEAR of everything to manipulate us and graft trillions of dollars into their pockets and those of their friends. So, now, at this point, they should not be surprised that the American people are tired of hearing obscenely wealthy Fat Cats cry wolf.
These bankers have pocketed these profits, either in cash, or in stock values. They need to eat these losses one way or another. That is the CAPITALIST system. You keep the PROFITS. You eat the LOSSES.
And if that means some of the people who were made millionaires by this artificial scam mortgage boom aren't millionaires after this bubble bursts...so be it. Welcome to OUR world. Yeah, the one where we are all renting where we live, conserving gasoline like it was gold, and can't afford to see a doctor.
Bankers will get no tears from me. And no bailout. - reconsldr74d, on 09/27/2008, -0/+5America needs it's veterans left homeless and without health care?
- honeybrass, on 09/27/2008, -0/+5Your right! we need McCain to keep doing what hes doing! ***** up and just proving how much better Obama really is.
- LilRabbitFooFoo, on 09/27/2008, -0/+4We don't. Property has real tangible value. Without a bailout, these financial institutions are only going to be losing the value of their overvalued assets. Their stock values are going to tank, and they are going to lose their jobs, and their going to have to live off of the money they ripped us off for over the past decade. So what? Once the bubble bursts, home values, real estate, and stock will be back to their REAL uninflated values. That will mean a whole lot of very wealthy people will lose a large percentage of the BOOM money they made over the past decade. Boo. Hoo.
What are WE, the vast majority of Americans going to lose? Nothing. We're already in debt up to our ass, many of us have ***** or no health insurance, and NONE of us have any significant savings. What exactly do we have to lose? Market fundamentals are still baseline. We still need to buy cars, rent places, pay mortgages (on correct valuations), work at jobs that still need to be done, etc. etc.
In other words, the Fat Cats declare bankruptcy, more speculative investments slow down/dry up for a while, and they all start making money all over again, but from a lower starting point that they are used to.
Ask yourself...what do you have left to lose? 90% of Americans can honestly answer "nothing that they haven't already taken from me over the past decade". And therein lies the big mistake. The Fat Cats squeezed too much blood out of the American corpse. We've got nothing left to lose now.
How about you? - ShoggothDreams, on 09/27/2008, -4/+8My only concern is that there is more going on, as far as the machinations of the Bush regime, than meets the eye on this bailout: Bush can't run again, so is not looking towards being able to be reelected. That said, it is not unreasonable that he might side with a "bipartisan" but unpopular cause, to set in motion a position that McSame can use to re-rebrand himself as a "maverick". For the GOP, it can potentially be a no-lose situation, IF they can time it right; if the bailout goes through with Republicans *grudgingly* supporting their corporate base, and the Dems doing THEIR bidding unknowingly. :(
- Dipsomaniac, on 09/27/2008, -2/+6No, Jackson. It shows that McCain was the one that was outclassed.
It shows that because independent voters are the voters that both candidates need - and Obama was the one impressing them, by a huge margin. - inactive, on 09/27/2008, -9/+13Exactly. I liked the part where they asked Obama what programs he'd cut to pay for the bailout and he went on for five minutes about all the new spending he wanted to institute.
- Dipsomaniac, on 09/27/2008, -3/+7http://www.cbsnews.com/blogs/2008/09/26/politics/h ...
McCain lost. - j.carcinogen, on 09/27/2008, -2/+6Did McCain 'unsuspend' his campaign yet?
- reconsldr74d, on 09/27/2008, -0/+4I think it's more then they got too greedy and are now collapsing under there own stupidity
- smotpoker1, on 09/27/2008, -0/+3why should we use our taxes to bail out corporations that charge 29.9 % interest on credit cards and mortages?Why don't we bail out the home owners instead? At least they will continue to pay taxes.***** those greedy bastards they make billions and we have to help them when they got to damn greedy for their own good.It won't hurt me one bit if those bastards go belly up.My wife and I already live week by week thank you with no parachute whatso ever.Yet I still pay taxes and bastards wouldn't give me a loan and the ones that would gave us some stupid credit scheme that says since I'm poor charge me more like that's going to help me pay it?Who the ***** invented that stupid philosophy?People ask for loans because they need the money yet you punish the poor ones and bail out the rich *****. Don't you spend my/our taxes to bail out greedy SOB's.
- yojimbo911, on 09/27/2008, -1/+4Wow, "willfully unconscious" : how accurate a choice of words. I wouldn't have put it as politely but that is what they are indeed. This "will" to remain in a state of ignorance, it can be overwhelming for some. It is the curse of our era. Perhaps all eras.
- Dipsomaniac, on 09/27/2008, -1/+4Actually, 500 people will give you a confidence interval of less than 5 at a confidence level of 95% in a population of 200 million.
So, it's not flimsy. 500 people is a decent sample size. - JPHR, on 09/27/2008, -0/+3Maybe after the VP debate it will go into suspended animation.
- inactive, on 09/27/2008, -0/+3ha,ha,ha, HA,HA,HA,
imagine Palan and Putin in a closed room
just pay for one of those rape kits now - JPHR, on 09/27/2008, -0/+3The freeze in the credit markets will not go away even if house prices got restored. You know all that "sophisticated" financial engineering, leveraging will have to be addressed before banks will start trusting each other. At least to trust each other enough to start lend to each other at less than prohibitive rates. The fall in house prices brought may have brought it to the surface, but it exposed a house of cards on quicksand. Solidify the quicksand but the cards go on falling.
But there is hope the US agreed to switch from GAAP to IFRS and now finally seems to realize that markets need oversight and regulation for orderly business. Free markets without any oversight or regulation are an illusion, because it has now been made quite clear that society sometimes cannot afford that self correction. Lets start adhering to the Geneva conventions too etc. - StarlessKnight, on 09/27/2008, -0/+3Temper is what gets most of us into trouble. Pride is what keeps us there. (Anon)
Or, in this case: Greed is what gets most of them into trouble. Lack of consequence is what keeps them there. - reconsldr74d, on 09/27/2008, -2/+4What? All I saw was a clip that demonstrated next to nothing and one more example of McCain supporters thinking that his lack of support for funding for veteran's projects is ok as long as he pretends he gives a *****.
I wear one of those bands for a friend of mine. I remember the day he died and everything about the day I found out. That's because it was personal to me, this was a guy I served with. I wouldn't expect Obama to have memorized info about someone he doesn't know (unless he was planning to use it as a political tool like McCain did).
Obama is hardly my top pick for president but at least he doesn't seem to be using the military as some sort of PR *****. - smotpoker1, on 09/27/2008, -1/+3Doesn't it embarrass you that you show you are a stupid repuke?Hope your mom comes out from under the porch when you get home and bites you.This was directly caused by 8 years of stupids like you.Go watch "idiocy" and be proud moron.
- phroztbyt3, on 09/27/2008, -0/+2I love this... Mccain went to Washington for his patriotic duty in this decision, but now he doesn't want to be blamed if something goes wrong... LOL... WAKE UP MCCAIN, if you ever become president (which you won't), how can you run it if you will never see it as your fault. Stop being the condescending clownshoe that you are and start acting like a patriot. Ya jerk....
Obama 08 - jfreeman, on 09/27/2008, -0/+2Way to buy into the FUD propagated by the Fed and Treasury. This is how the administration built support for the Patriot Act and the Iraq war, remember?
Not to mention that the people you are echoing have proven themselves to be completely inept at predicting anything:
http://www.foxbusiness.com/story/markets/economy/p ... - inactive, on 09/27/2008, -0/+2Someone needs to ask Mr. "Country First" why he was even in a PR battles around this crisis. What an *****.
- radiofrequency, on 09/27/2008, -2/+4Bailout won't fix anything, anybody supporting it is a socialist.
- StarlessKnight, on 09/27/2008, -1/+3That the same McCain that had trouble with Spain != Latin America? Same one that wasn't sure if he'd speak with the President of Spain, he'd have to get back to us on that? That Foreign Policy expert?
- bobt39, on 09/27/2008, -0/+2no. they took on risky mortgages because it was making them huge amounts of money in the short term through securitization (they combined all of the mortgages into a pool and then sold slices of the pool to investors). The system worked for a while because when you combine all of the risky mortgages, the total pool is not nearly as volatile (not everyone will default all at once). This made them a lot of money, so they kept stretching how far they would go, giving loans to people with horrible credit with no documentation. They basically just said "you need to be making $65,000 a year to get this house, how much do you make?" People lied and took the loans, figuring if worse came to worse, they could sell the house and pay the mortgage off. But, as they were charged extremely high adjustable interest rates, they defaulted. And since there was a period where almost anyone could and did get houses, the prices were down instead of up. So large numbers could not pay off the mortgages even if they sold the house, the investment banks who held these mortgages and sold some of them had to write down huge assets (the mortgage pools dropped dramatically in value) and couldnt pay off their debt, etc.
So its not so much that there wasnt enough business, its just they created a system which was for a while beneficial to everyone but ultimately had to fall apart - Caffeinate, on 09/27/2008, -0/+2McCain might win the election....in a few states. Obama is going to win the presidency, however. You can wrap the old McFish in pretty paper with a ribbon on top of it, but it is still just an old fish.
- inactive, on 09/27/2008, -0/+1......so
you have become aware that humanity is diverging
.so
are you a sheaple or an illuminate
if the sheaple over populate could thay face a "harsh winter" and have a massive die-off
......what would an illuminate do - BringerOD, on 09/27/2008, -0/+1Come on guys let’s make sure this is a fair fight. Let some of the Obama folks say something.
- jfreeman, on 09/27/2008, -0/+1The President can call a special session.
- heystoopid, on 09/27/2008, -0/+1Poor didums missed out on all that fat pork did he , he must be getting too old and slow to find his way around closed doors in his face ?
- inactive, on 09/27/2008, -0/+1they did that to stay "competitive"
competition was altered by the F.E.D. and it's interest rate that did not accurately reflect reality
.......the hole cause of this is THE (((((F.E.D. )))
...KILL THE BANK ....
....KILL THE BANK.... - Sleekery, on 09/27/2008, -0/+1No, by real source, I mean one that comes out of a news organization that tries to be unbiased, so Fox News is clearly out of the question.
- inactive, on 09/27/2008, -0/+1KILL THE BANK
- JPHR, on 09/27/2008, -0/+1It was so "profitable" at least to values in their books. Check the expansion of the financial services industry as a percentage of the economy over the last 10 years. Keep in mind that most of that was unregulated.In effect parallel to the regulated banking system a larger unregulated shadow system developed. By the way the FED stopped publicizing the M3 because it was to complex!
- ironhide, on 09/27/2008, -0/+1I don't have a firm opinion about the best course of action, but I do have one question. You say "no bailout"...please tell me how you intend to stop it.
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