McCain Caused the Financial Meltdown
Wednesday, January 20th, 2010 at
1:08 pm
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Now that the collapse has occurred, the reform roadblock built by Senate Democrats in 2005 is unforgivable.
We now know that many of the senators who protected Fannie and Freddie, including Barack Obama, Hillary Clinton and Christopher Dodd, have received mind-boggling levels of financial support from them over the years.
Record: Barney Frank DEM, said no problem since before 2001: Schumer o5′ no problem
Bush since 01 said there is a problem with Fannie and Freddie – 05 McCain did bill to regulate Fannie and Freddie and Dems shot it down. You have your tainted anti-American facts WRONG AGAIN!!!!!
you guys read my post on mccain didnt you…
Bill Clinton signed on to that shit too.
McCain ALSO authored oversight legislation in 2005. Obama was their #2 in taking their money.
2003 – Bush tried to get regulation, Barney Frank said there was no problem.
First of all.. I hate Mccain. Second of all…. This whole crisis was caused by the american goverment, that idiot Greenspan and the Fed by distributing too much cheap credit. Nothing to do really with “free market” and deregulation. In a real free market there would be no fed and no idiotic artificialy low interest rates. It would take some very smart regulation in the first place which no bozo in any mayor financial institution could do. So the answer still is.. free market.. no fed..
There is enough blame to go around to every single member of every single branch of government. But I possit a question to everyone commenting here- see next post
I think that the ‘turning’ point was in 2000 when the Supreme Court decided who our president would be and stopped a full recount in Florida in order to slavishly follow the inaugural date of Jan 20th. I can’t tell you how many people I spoke to after that who stopped reading newspapers or listening to even our awful evening news reports because they said “it didn’t make a difference”- if we as Americans don’t pay attention this is what happens-don’t you think?
Name calling does not a coherent arguement make- take the time or don’t post
Clinton did it dummy
What I want to know is when these greedy criminals on Wall Street are going to do the honorable thing and start jumping out of skyscraper windows like their counterparts did in 1929?
Bail them out? I say screw them and let them sell apples on the street corner.
I say we use all those billions of dollars that Wall Street wants to rebuild the infrastructure in the United States.
As for Wall Street it is time to pay the fiddler and today’s the day the first installment is due!
Is anyone going to prison for robbing the American people blind? Bush had already pulled this shit in Texas and gotten away with it. I guess that was a practice run for this debacle. He is truly a Mental Retard.
Moronic commentary for a moronic dumbed-down public. BOTH parties are responsible, but the fundamental problem is not their various governing schemes or lack of oversight. Booms and busts occur because the money supply is centrally controlled by a cartel of bankers. They create money out of nothing and loan it out at interest. They pump it out to create a boom. When reality catches up, you get the bust. It’s as simply as that. The credit bubble burst regardless of efforts to “regulate” or not.
Talk about naive. The problem begins with the social fiscal engineering of the Dems – Blarney Frank and friends set up this house of cards up and refuse to accept accountability. YOU have to be mental – the people who started this and benefitted most ie. Frank – Dodd – Raines – Obama, to continue blaming deregulation. Deregulation? How about bad social engineering? How about fraud? You just gotta love Obama’s sense of honor – his character – his integrity. Wow, that’s someone to vote for.
“refuse to accept responsibility”?
Hmmmm.
Have you ever known a Republican to take responsibility for ANYTHING? They lie compulsively because they’re sociopaths.
Azz-
problem reading? “accountability”
So – you are unable to defend against my statements. When you follow the money it comes to and end.
Yes, I believe you are a student. As such, perhap you can use some independent thinking and research your candidate. Not his words – try his actions – try his affiliations – try his social policies. It’s time to look beyond the words and to the man. You may not like what you find.
whatta u some kind of nut? You suck
Where’s Phil Graham? He’s in hiding! Come out come out where ever you are! Come on out and own this mess turtle man.
just like a democrat…..turn the finger the other way without accepting responsibility and finding an answer…..it’s easier to argue than to solve. The Democratic Party is the association of laziness. Get off of your lazy asses and do something.
McCain realized that the regulation that is needed, is needed in order to control Democrats……like the ones who benefited from fannie and mac. Obama being one of the largest benefactors.
When you sue banks for not handing out subprime loans, you build a house of cards that will crumble later. Affordable housing is a great idea, but don’t collapse the entire housing market for it.
Democrats fix the shitpiles Republicans create. We did it after Herbert Hoover and we’ll do it after George Bush. All your unregulated capitalism – your Repubican religion – is toxic nonsense. Markets have to be regulated. Over and over and over subliterate right-wingers forget that. It’s because they value greed over empiricism. Your comment is yet another sorry illustration of that tendency.
Do not exploit the poor because they are poor and do not crush the needy…, for the Lord will take up their case and will plunder those who plunder them.(Proverbs 22:22)
How the BUSH fam TOGETHER WITH the BIN LADEN fam MADE TENS OF MILLIONS OF DOLLARS WITH THEIR CARLYLE GROUP ON THE WARS IN IRAQ, AFGANISTAN… AFTER 9 11…
SEARCH THE VIDEO:
FAHRENHEIT 9 11 CARLYLE GROUP
Fuck regulation or deregulation how about not giving out loans in high risk.
this is scary if u read this this far u will die in 10 days if u dont send to any 15 videos in 2 hour