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wf3h[_2_] wf3h[_2_] is offline
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First recorded activity by BoatBanter: Apr 2011
Posts: 1,051
Default Why gas is $5.00/gal

On Tue, 26 Apr 2011 19:31:59 -0600, Canuck57
wrote:

On 26/04/2011 6:18 PM, wf3h wrote:
On Tue, 26 Apr 2011 19:53:41 -0400, I_am_Tosk
wrote:

BUT let's crunch the numbers, shall we?

http://en.wikipedia.org/wiki/Fannie_...from_late_2007

fannie may and freddie mac cost taxpayers 150 BILLION

BUT the total DECREASE in net worth of the US is about TEN TRILLION

so YOUR view accounts for about 2% of the decrease

let's look at another factor, shall we?

wall street derivatives...specifically COLLATERALIZED DEBT OBLIGATIONS

THEY went from

320 BILLION

to SIXTY TWO TRILLION in 10 years

sixty two trillion is MORE than the ENTIRE NET WORTH of the united
states. and THAT was cause by WALL STREET GREED.

so when the housing market went south, WALL STREET GREED BLEW UP the
economy. and THAT was caused by RIGHT WING DEREGULATION OF WALL
STREET.

but you're right wng. so you'll continue to lie. it's what you do



Ya, and wonder f--k, who do you think owns and runs Fannie Mae and
Freddie Mac? Obama, that is who. Chief idiot Obama is in charge of
Fannie and Freddie. Congress too.


?? obama OWNS freddie mac?

christ you really ARE delusional arent you?

and you STILL havent accounted for the fact bush 'owned it' before
obama did AND that bush let fannie mae wreck the economy while bush
owned it

but bush is white...


Get over it, screwed by your own government. The one YOU voted for.


YOU voted right wing

YOU voted deregulation

YOU voted wall street greed

thiis is YOUR screw up, right wing boy


Grab both cheeks and take responsibility darwin.