Current Events — HabitableZone

Current Events » in reply to I don't think so Lee

Re: I don't think so Lee

I don't know about all conservatives, but a hell of a lot of us were yelling at Bush and quite a few Democrats back when TARP and the other bailouts were taking place. A lot of financial outfits should have gone through bankruptcy or out of business. Yeah, the financial hit on the country would have been rougher, but what came out the other side would have been something besides Business as Usual. Right now we're seeing the same financial outfits and the same politicians who set up the mortgage collapse, and they're still doing just fine. Liberals wonder why some bankers aren't in jail. I wonder why some politicians are not only still in office, but in charge of major financial policies.

The way liberals are rewriting history, the politicians were all just sitting around kissing babies while Freddie Mac, Fannie Mae, and others were dodging new regulations, issuing crap loans to people who would never pay them back, and inflating those crap loans into assets that never existed.

We've had financial "reforms." One of the latest has Barney Frank's name on it, one of the politicians who left bloody fingerprints all over the mortgage collapse. If you want I could dig up his old speeches about why Freddie Mac and Fannie Mae didn't need any new regulations or investigation. I already pointed out that the investment companies that did the most damage weren't even covered by Glass-Steagall.

Call me when there are as many protestors outside the Capitol building and White House as there are on Wall Street. We're sitting here with a $1.3 trillion Federal deficit for one year. The entire global hedge fund industry is currently worth about $1.9 trillion. You tell me which one is screwing up the economy.

The protests are a last, desperate gasp of America's Left, playing the only card they've ever really had: Eat the Rich. Good God, don't people know a political diversion when they see one?

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