"nom=de=plume" wrote in message
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"CalifBill" wrote in message
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"nom=de=plume" wrote in message
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"CalifBill" wrote in message
m...

"wf3h" wrote in message
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On Oct 12, 12:23 pm, John H wrote:
On Mon, 12 Oct 2009 11:40:01 -0400, Jim wrote:
wf3h wrote:
On Oct 12, 10:55 am, Canuck57 wrote:

His achievement was $1.3 trillion debt-corruption-spend in only 8
months. Guinness Book of records material perhaps?-

what's really a record is how quickly george bush and his rich free
market friends stole my 401K

So sorry for your loss. Too bad you don't have at least some control
of
your 401. You might look at fixing that instead of blaming the
boogyman.

He has blamed everyone *but* the person responsible for his terrible
loss - himself.

really? i caused the collapse of the economy?

well let's tally up shall we?

the right wing believes i personally am responsible for the collapse
of the economy

it also believes obama's been president for the last 8 years

and on that basis it thinks it has everything figured out..

no wonder they got their asses handed to them in the last election

It started under Clinton. Bush did not help the situation. But
Clinton wanting to make sure of his reelection partnered up with ACORN
and gave the OK for lots of loans that were not able to be repaid.
Paulson and Wall Street jumped on these loans and turned them in to
bonds, gave them a AAA rating and sold them to the 401K's, etc. The
next foreclosure wave is starting. The $500k homes. people making
$50k a year can not afford the loan on a home 10x their income.
Clinton's appointee Raines, should have had to return all the stolen
money, times maybe 2x and gone to jail. but the Justice dept under the
Executive branch cuts a deal with him for the return of $5 million and
lets him keep the $95 million.

You should really drop the ACORN nut. It's stale and has no nutritional
value. It's an empty shell of an argument. Ok, enough puns for the
day...

--
Nom=de=Plume


Can not drop the nut. Is a critical part of the disaster.

Come on... it's kind of looney to blame everything on one relatively small
organization. If you want to pick something to blame, pick Fox. They're
just a noisemaker for the right-wing, but lots of people just listen to
them.

--
Nom=de=Plume


Not just Acorn, but the pandering to it to get out the vote for the one in
power. Changing the rules on loans, so those in power at the time, could
buy votes. The melt down was the fact that the loans were made to those who
could not afford them. Then they were sold by Wall Street, the same people
who got the bail out "stimulus", as AAA bonds. Those who packaged them and
rated them should be in jail. but nope, Paulson and his buddies are sharing
billions of bail out bucks as bonus money. But ACORN was the major reason
for the loan changing. FreddieMac/FannieMae buying all loans.