Home > Jay Bookman > Archives > 2008 > October > 11 > Entry
Update on polls, blame for the subprime collapse
The Atlanta Journal-Constitution
Gallup’s latest three-day tracking results put Obama’s lead at nine, down two from its high of 11 a few days ago but still significant.
And McClatchy’s Washington bureau dispels the notion that the Community Reinvestment Act had any major role whatsoever in the subprime crisis. Its key findings:
“Subprime lending offered high-cost loans to the weakest borrowers during the housing boom that lasted from 2001 to 2007. Subprime lending was at its height from 2004 to 2006.
Federal Reserve Board data show that:
_ More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions.
_ Private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year.
_ Only one of the top 25 subprime lenders in 2006 was directly subject to the housing law that’s being lambasted by conservative critics.
The “turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007,” the President’s Working Group on Financial Markets reported Friday.




DEL.ICIO.US


Comments
By TN Gelding
October 11, 2008 7:02 PM | Link to this
I suspected as much and have been trying to make that point but lost it twice in composition. Surely this will stop the blame of the CRA. NOT! The ones so scared of Obama need to take time out from bashing liberals and take a long look at what their compassionate conservative has done to us.
I think Kroger has Blue Bell for $2.44 and I know Ingles has it for $3.50 because I bought some.
By Mike
October 11, 2008 7:15 PM | Link to this
Good boy, Jay. You are doing your job as a partisan hack and are deflecting any and all blame away from your party.
If you (and the rest of the intellectually dishonest partisan pundits) really cared about solving the problem, you would ascribe the blame across partisan lines. Unfortunately, you don’t care about solving problems at all. You just want to be a petty partisan. Congrats. You are doing a bang up job.
By AJC/DNC Management
October 11, 2008 7:34 PM | Link to this
And McClatchy’s Washington bureau dispels the notion that the Community Reinvestment Act had any major role whatsoever in the subprime crisis. Its key findings: “Subprime lending offered high-cost loans to the weakest borrowers during the housing boom that lasted from 2001 to 2007. Subprime lending was at its height from 2004 to 2006.
Oh, I get it, so one day a single cancer cell starts to grow, the very next day it kills it’s victim.
It’s getting so easy to lie, ain’t kookman?:
Private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year.
Yeah, and then they turned right around and sold them to the government, via Fannie Mac, just another CRA with a different acronym.
By Dusty
October 11, 2008 7:41 PM | Link to this
OK.BOOKMAN, MAN OF THE MINUTE, WHERE IS THE WRITEUP OF JOHN LEWIS WHO JUST REPUDIATED HIS FRIENDSHIP WITH JOHN McCAIN,A MAN HE HAD PRAISED IN HIS BOOK?
Now Lewis claims that McCain reminds him of George Wallace. What has happened to ethics, character and decency? Just toss it away if it does not suit the moment?
Lewis had already switched loyalties on Hillary. Now he turns on McCain.
Next we will hear that some people just don’t understand. Oh, we understand. ANYTHING GOES if you feel like it.
And…Bookman, I am sure all those banks and financial centers WANTED to set up subprine loans they KNEW could not be paid by the people that acquired them. And all those foreclosrures had little or nothing to do with the current financial failings.
I surely do hope Bookman is not keeping the “books” at home. He and the family will end up sleeping in his office at AJC.
By AJC/DNC Management
October 11, 2008 7:51 PM | Link to this
Aahhh, yes, thee “New Party” and it’s offspring, Oblahma:
The New Party believes that the social, economic, and political progress of the United States requires a democratic revolution in America-the return of power to the people. To promote a rebirth of freedom, equality and prosperity, we dedicate ourselves to the following: A reduction of national military spending to that necessary to the defense of the United States and an end to unilateral military interventions.
Got that?
Pat Buchanan, anyone?
And this ain’t hubby dabbling in some secessionist, pro state politics, this is the socialist that cannot wait to scheme on our national security.
Game over.
By Bean Burrito
October 11, 2008 7:55 PM | Link to this
I have the best gas tonight.
By catlady
October 11, 2008 7:57 PM | Link to this
Dusty, the banks were not worried because they knew the loans would be bundled, they’d make a nice profit, and Fannie and Freddy and the mega investors would take over with the hassles.
Maybe Lewis was saying that McCain resembles Geo Wallace? Or mahybe that McCain was reinventing himself like Wallace did? Or maybe Lewis is just a flip flopper. They come in all colors, shapes, ages, sizes, and political parties. Equal opportunity for idiots.
Sometimes an idea that seems to be noble on the surface turns out to be a real stupid idea (no lending standards, the Iraq war for examples)
By AJC/DNC Management
October 11, 2008 7:58 PM | Link to this
In 2006, Giannoulias Came Under Fire For Lending Money To Crime Figures.
Giannoulias Accepted $5,000 In Campaign Contributions From A Florida Casino Fleet Owner Whose Uncle Was “Gunned Down In An Execution-Style Slaying” And Who Has Ties To Lobbyist Jack Abramoff.
Obama: “I’ve got a very personal relationship with Alexi … He was critical for me in terms of reaching out to the Greek community, other ethnic communities in the city. He was there from the start, when people didn’t give me a shot.” (Rick Pearson, “Parties Get Set For Busy Primary,” Chicago Tribune, 12/5/05)
By paisana
October 11, 2008 7:58 PM | Link to this
John Lewis left his integrity on the Edmund Pettus bridge. He has been mouthing the same pious platitudes for years ,but anyone who really listens hears a whole lot of hate coming from his “beloved community” bilge.
By Mexican Buffet
October 11, 2008 8:00 PM | Link to this
Does anyone have any incense or wipes that I can borrow?
By AJC/DNC Management
October 11, 2008 8:04 PM | Link to this
Things are starting to look up, America:
As Rezko starts to sing… Barack Obama might be days away from an indictment…
Excellent reading.
By Mrs.Godzilla
October 11, 2008 8:05 PM | Link to this
JAY,
I just finished that piece and was impressed.
I have known all along that poor folks didn’t shut down the world economy. It ain’t the folks who bought the snake oil, it was the snake oil salesmen.
Why would rational people think otherwise?
I have yet to see someone who has lost their home on the red carpet. How many in mortgage foreclosure are shopping for cruise wear? The news has yet to feature a family whose life savings has been trickle-downed right out of their 401k’s reserving their condo at Snow Mass or hopping down to Guatemala for the holidays.
What is it that these last wingers care about more than the American people?
What are they so insecure about that they can’t budge from their indefensible positions?
What are they all so afraid of!
By Got bleach?
October 11, 2008 8:14 PM | Link to this
That stain is NEVER coming out.
By Dusty
October 11, 2008 8:21 PM | Link to this
Dear Tyrus Raymond aka PoFo aka degenerate
Still posting the old trash, I see. I’ve never been in a chat room in my life unless you call these propaganda mills “chat rooms”.
I’m just helping Bookman who never saw a line on Palin that didn’t set him off to his blog. So I’m giving him a helping hand for the latest in the hit’n’run world. You didn’t like it? R U A L-I-B-E-R-A-L?
Relax, honey. Go think of some new IDs and new lines. I know WHO you are too. “I.S.Fool,” I believe it is.
Now run on off and watch SNL. Maybe you will get some new ideas. I surely do hope so.
By Dusty
October 11, 2008 8:26 PM | Link to this
Catlady @7@57
Go to AJC home page and read for yourself about Johm Lewis. That is where you may read how John Lewis compares McCain to George Wallace. Do that before you make excuses.
By G
October 11, 2008 8:28 PM | Link to this
Speaking on behalf of the typical under-informed rightwing drone - please do not confuse me with the facts. My mind is made up: CRA bad, White only mortgage holders good.
Also, to add more insult to ignorance, the 10 Commandments of Right Wingnut Fools:
The earth is only 6000 years old and Noah had dinosaurs on the ark.
Contraception bad, abstinence only good.
Love the fetus, hate the baby.
Saddam Hussein did so have WMD and sent them all off to a secret hiding place in Syria.
Reading, writing, critical thinking and science are vastly over rated. Your local fundamentalist American Taliban pastor will tell you all that you need to know.
Always put the Republican Party ahead of country.
Social Security bad - let the old folks go out in the snowstorm and freeze to death.
Greed is good - do not regulate banks, corporations, wall street brokers and speculators.
Taxes are bad - make middle class pay their taxes and the upper 1% elite’s taxes.
The constitution is a gd piece of paper. The Bible is this nation’s ruling document and we will torture and kill anyone who does not agree with this.
Obama/Biden ‘08
By AJC/DNC Management
October 11, 2008 8:34 PM | Link to this
Obama began seeking the New Party endorsement in 1995. He had been running in a four way primary against his former boss, Senator Alice Palmer, herself a far left radical, and two other individuals. But an election law quirk gave Obama the upper hand. In order to get on the ballot, candidates had to collect signatures of voters. Printed names were not allowed. Obama challenged the petitions of his rivals and was able to get every one of them thrown off the ballot. By the time the ballot was drawn up for the 1996 election, Obama’s was the only name in the race.
Nonetheless, Obama still coveted the New Party endorsement. The New Party required candidates who received the endorsement sign a pledge of support for the party. Obama did not need to support a party that was, in effect, a front group for communists; yet he still chose to. The July issue of the New Ground noted that 15% of the New Party consisted of Democratic Socialists of America members and a good number of Committee of Correspondence members.
By getalife
October 11, 2008 8:35 PM | Link to this
Or is this guy Andy?
By Nachos and Beans
October 11, 2008 8:36 PM | Link to this
Better light a match. On second thought, that might be a bad idea.
By getalife
October 11, 2008 8:39 PM | Link to this
McCain: “I Am Saddened That John Lewis, A Man I’ve Always Admired, Would Make Such A Brazen And Baseless Attack On My Character”…
Obama Camp: “John Lewis Was Right To Condemn Some Of The Hateful Rhetoric That John McCain Himself Personally Rebuked Just Last Night”
We are getting into race wars now.
By AJC/DNC Management
October 11, 2008 8:40 PM | Link to this
Thanks for the link, al-Gitmo:
The pure racist hatred John McCain and Sarah Palin inspire at their political rallies is starting to drive some of their frothing supporters over the edge. You can’t see this man’s hood, but rest assured, he’s wearing it on the inside. These people are so driven by blind hatred that they are no longer able to hide or control it. ULot owner Tim Henderson had this to say:
“I don’t know how many ways you can interpret it. If you’re an Obama supporter, you’ve got an Obama sticker on your car, you’re not welcome to park here,” says Henderson.
I think I know how to interpret this…
Funny, I know how to interpret it too.
You got that America, if you don’t like Oblahma The POS, then you must be a racist.
Call me whatever you want to, scumbags.
By catlady
October 11, 2008 8:43 PM | Link to this
Dusty, that was TIC. Lewis acts more andmore like an old fool. Sometimes it is best to keep your thoughts to yourself, Mr. Lewis. Advice we should all heed.
By AJC/DNC Management
October 11, 2008 8:43 PM | Link to this
Poor little weak minded Oblahma.
He can’t close the deal, he’s soon to be under indictment, so what’s a poor put upon socialist got left but to call everybody racists?
Such a brave soul.
By AmVet
October 11, 2008 8:54 PM | Link to this
I just saw this clip on CNN and though I’m not surprised at how much ethnic and racial bigotry still remains in America, it is a bit flabbergasting.
At a town-hall event Friday in Minnesota, McCain took the microphone from a woman who said “I don’t trust Obama. I have read about him and he’s an Arab.” McCain said, “No, ma’am,” and told the woman Obama is “a decent family man” and a “citizen that I just happen to have disagreements with on fundamental issues.”
McCain drew boos at the same event when he told a supporter who expressed fear at the prospect of Obama’s election that the Democrat is a “person that you do not have to be scared of as president of the United States.”
I suppose the poor doltish woman just said what many in the base have been thinking…
Ignorance and fear-mongering. A big reason why the GOP is looking at consecutive electoral humiliations…
By "Spank" the Monkey
October 11, 2008 8:56 PM | Link to this
Tyrus Raymond is PO FO? She?/Analrod/dire p’s and q’s. You’re not fooling anyone PO FO. You’re really quite mad you know.
bwa haw
‘muff said
moron
By getalife
October 11, 2008 8:57 PM | Link to this
Discrimination parking okay with you Andy?
Come on.
Fine , no parking for McCain supporters.
How silly is that?
Geez.
By G
October 11, 2008 8:58 PM | Link to this
George W. Bush will go down in history as the “Three Trillion Dollar Man” and the Mao of Corporate Socialism: He wasted a trillion taxpayer dollars on the needless Iraqi War to bail out Dick Cheney’s KBR and drive up oil prices and the profits of crony Big Oil to obscene levels, he borrowed a trillion dollars from Red China to underwrite the 8 years of tax breaks to the wealthy they did not need in time of war, and now, with the help of his former investment banker Treasury Secretary Paulson, a fox in charge of the hen house, he’ll waste another trillion taxpayer dollars bailing out the unregulated and fraudulent greed of Wall Street that Bush and Paulson should have seen and prevented long ago.
Bush and the Republican controlled Congress blessed and protected the avaricious selfishness of mortgage brokers and real estate brokers and investment bankers who, through deceit and superior knowledge, knowingly made these bad home loans that now plague our nation’s economy and credit system.
John McCain supported Bush at least 90% of the time. Now that McCain is the Republican nominee he even supports continued tax breaks to the wealthy. John McCain will be more of the same.
Time for a change!
Obama/Biden ‘08
By Dusty
October 11, 2008 8:59 PM | Link to this
G @8:26
Your post made some things evident. Such things as :
YOU.. never read a science book…
never paid taxes on your government “income”…
never read the Bible…
never been to church…
never read about dead gassed Kurdish villagers under Saddam…
never read the Constitution
never could afford a mortgage of any kind
never been out of step with the herd on anything.
By RW-(the original)
October 11, 2008 9:02 PM | Link to this
Something for everybody in here, but I take it Chomsky really isn’t buying any hopeandchange.
By Dusty
October 11, 2008 9:07 PM | Link to this
PoFo @8:40
Lay off the meth, will ya?? You are getting too long winded and noisy. You’re even beginning to sound like getalife and AmVet.
Now be a good boy and behave OR I WILL TELL YOUR MOMMY ON YOU!!
By AmVet
October 11, 2008 9:10 PM | Link to this
Carried over from the previous “The horror that lies within”.
catlady, well said!
I refer to the cracker factor and the GOP’s Southern Strategy when I describe events like that one recently where a deranged “conservative” shot up a children’s play at a church he deemed too “liberal”.
Senator Obama should be concerned about his safety. I believe that he deserves much respect, even if one doesn’t like his stand on any issue.
And like you, I believe John McCain is a great American. And I only wish him a long and contented life. And it sure looks like he’s well on his way.
I belong to a veterans group and I sometimes share their info here. Usually stuff about up and coming veterans running for office. And pending and current legislation regarding veteran issues.
It has been a bit surprising that Sen. McCain has not put his money where his mouth was on some of those. These things are very complex and I don’t profess to know why a Legislator would vote the way he did on any single bill. But his image as the perfect friend of the military is not altogether true it would seem.
Some have pointed out how different the 2000 John McCain was from the 2008 version. When he said the following:.
Senator John McCain, in a provocative and politically risky speech, sharply criticized leaders of the religious right on Monday as “agents of intolerance” allied to his rival, Governor George W. Bush, and denounced what he said were the tactics of “division and slander.”
Specifically, Mr. McCain singled out the evangelists Pat Robertson and Jerry Falwell as “corrupting influences on religion and politics” and said parts of the religious right were divisive and even un-American.
So for many of us it has been difficult to figure him out. I believe that due to enormous pressures he cannot say those things again, but I do think he probably still feels that way.
And I said after that first debate earlier this year that he was the ONLY one of those ten men on that stage with any valor and worthy of my support. I think that his being a combat veteran was particularly important to me because I feel that our current CIC, the Hero of the Texas ANG, is the very antithesis of that quality.
But his VP choice was a HUGE factor in my decision regarding him. For several reasons - his age and the obvious proper concerns related to it, the fact that Dick Cheney just arrogantly tarnished the 2nd highest office in the land ala Spiro Agnew and the choice itself.
And at first I thought she was a pretty smart selection. I believe to have picked one of the Bush neo-cons (Romney. Thompson, Rudy ad nauseum) would have instantly cost him the White House.
But under closer inspection and IMHO Ms. Palin is fatally flawed with far too few assets. Selling “pro-life” nonsense to the “faithful” at this juncture is, in my estimation, the same as raising the white flag…
Ray, in my opinion, everyone of those young sailors and marines going up and down the Mekong River were heroes. At least in the sense that the word is overly used today. They risked their lives daily, and they went out on their dangerous missions with courage and a sense of duty.
But what I really want to tell you is to grow up and get a handle on that anger, man. You’ll live longer.
By TW
October 11, 2008 9:16 PM | Link to this
AmVet - I admire those who boo McCain’s attempt at class and decency. For too long now the GOP has been able to hide behind the careful words of O’Reilly and Hannity. I see their fearful anger as a breath of fresh air. When the disease ridden GOP soul bears itself without cloak, the undecided voter is allowed a great veiw of the real deal.
The only thing worse than a weak-kneed lib is a loser.
And, yes, the results from the eight year experiment are in - the GOP is a loser….and nobody likes a loser…
bwa.
By Dagny and John's Love Child
October 11, 2008 9:18 PM | Link to this
At this point, someone could produce proof that Balack Osama conspired with Bin Laden to create 9/11, Oblowme could admit to the America people that he did it, he supported Bill Ayers in his bombings and even wished he could bomb a few national monuments as well - AND you would all still vote for him because you are all idiots.
I want to hear how all of you who think you don’t make enough now feel with 30% less in your bank accounts.
Socialism sucks people, it has failed everywhere it has been tried - but Barack is a black man, so it must be able to work for him - to suggest otherwise would be racist.
Maybe, just maybe, he will not screw the country up so bad in four years that the next 25 years of republican iron lock rule cannot fix it. Good luck Comrades….
Is it true he wants to replace the stars on the flag with a hammer and scicle?
By Dusty
October 11, 2008 9:19 PM | Link to this
PoFo@ 9:14
That is much better. Now… just hit the post button ONCE. Thank you. Here’s your lollipop.
By TN Gelding
October 11, 2008 9:19 PM | Link to this
AJC/DNC Management
October 11, 2008 9:05 PM
You’d better stop dissing us and wake up and smell the stink coming from 1600 Pennsylvania Avenue. Do a little research on what your team has been up to the past 7 years, 8 months and 22 days. Make sure you’re well lubricated and it won’t be as painful.
By RW-(the original)
October 11, 2008 9:25 PM | Link to this
If Obama supporters are upset with the guilt-by-association paradigm, they’ve picked a funny way of showing it: holding John McCain and Sarah Palin accountable for every loose nut that shows up to bark a racial slur into a crowd of thousands. It is by now axiomatic on the Left that McCain is stoking racial and religious intolerance in a last ditch effort to save a spiraling campaign. The evidence for this? Two individuals who said hateful things in the audience of two campaign events
While McCain tries to point to real concerns about associates and partners in Obama’s past–dangerous men who have played indispensable roles in Obama’s political biography, the Left is on fire over two men McCain and Palin likely never met. Yet, they claim it is McCain’s desperation that finds him reaching so improbably for bogeymen in Obama’s history
Again I ask you moonbat(ic)s®, have you somehow missed all of what you’ve been shrieking for the last eight years?
By G
October 11, 2008 9:30 PM | Link to this
“We will act against those who have shaken confidence in our markets, using the full authority of government to expose corruption, punish wrongdoers and defend the rights and interests of American workers and investors. We will not tolerate reckless practices that artificially drive up stock prices and eventually destroy the companies, and the pensions, and your jobs.”
That was George W. Bush in 2002. I knew they were just hollow words back then, when he was briefly championing “Corporate Responsibility”, because his family fortune was derived from corporate irresponsibility (insider trading and other shady business practices at Harken Energy).
So what, exactly, did Bush and administration officials do for those six years, to defend American workers and investors?
Apparently, quite a bit of tolerating.
Obama/Biden ‘08
By AJC/DNC Management
October 11, 2008 9:30 PM | Link to this
Aahhhh, yes, the angry blog gods have descended upon us:
By AJC/DNC Management
October 11, 2008 9:11 PM | Link to this
By getalife October 11, 2008 8:57 PM Discrimination parking okay with you Andy?
You’re absolutely right, al-Gitmo, if you want to park your car with it’s whiny little Oblahma sticker in my driveway, by all means, be my guest.
Just make sure your insurance on it is paid up, hahahahaha
By AJC/DNC Management
October 11, 2008 9:05 PM | Link to this
According to the whiny little democrats, the following message is racist-
Like I haven’t learned to save them.
I’m just curious, what special rules have I violated now?
By AJC/DNC Management
October 11, 2008 9:33 PM | Link to this
By TN Gelding October 11, 2008 9:19 PM AJC/DNC Management October 11, 2008 9:05 PM You’d better stop dissing us and wake up and smell the stink coming from 1600 Pennsylvania Avenue. Do a little research on what your team has been up to the past 7 years, 8 months and 22 days. Make sure you’re well lubricated and it won’t be as painful.
Horsey: You are not allowed to respond to me because I don’t exist.
Either that or you had better read my response quick, it’s liable to disappear in a puff of smoke.
By getalife
October 11, 2008 9:34 PM | Link to this
Palin got booed
I am booing LSU.
By AJC/DNC and RW's Daddy
October 11, 2008 9:35 PM | Link to this
I’m just curious, what special rules have I violated now?
Your still breathing….. Hold your breath and all will be forgiven!
By Tyrus Raymond
October 11, 2008 9:40 PM | Link to this
Victory!
I win again.
Bookman!
BOOKMAN!
BOOKMAN!
By RW-(the original)
October 11, 2008 9:43 PM | Link to this
getalife,
Wouldn’t it have been equally as accurate to headline that video as Palin Was Cheered?
Both happened and it was Philly. They boo Santa in Philly.
I don’t blame you for booing LSU tonight though. The Gators are treating them Slippery Rock.
By Priceless
October 11, 2008 9:45 PM | Link to this
AJC/DNC Management,
You are blogging awfully late on a Saturday night. Did the 1-900 chat line refuse your credit card again?
By AJC/DNC Management
October 11, 2008 9:46 PM | Link to this
By the way, I have let this one hang long enough, I’m afraid that many of the moonbats may be rebooting their computers to see what they missed:
By AJC/DNC Management October 11, 2008 9:05 PM According to the whiny little democrats, the following message is racist-
There is no “following” message and it doesn’t even make a difference, no matter what the Repugs do or say from here on out, the whiny little socialists will call it racist.
Can you not feel their desperation?
By AJC/DNC and RW's Daddy
October 11, 2008 9:48 PM | Link to this
Both happened and it was Philly. They boo Santa in Philly.
They only boo when you screw up and are loosing. Get your facts straight son.
By Tyrus Raymond
October 11, 2008 9:54 PM | Link to this
Is it RW whose hacking into the AJC blogs and deleting posts?
Great! What a trail.
What a fool.
By RW-(the original)
October 11, 2008 9:58 PM | Link to this
What was Santa loosing [sic] Pop?
By G
October 11, 2008 10:00 PM | Link to this
Europe seems to be going its own way by trying to decouple themselves from us.
China and Japan can’t be that far behind.
Now more than ever Democrats have to take over the Executive and Legislative branches; the times call for serious, new measures, the half-way measures announced won’t work.
Obama should take over the Presidency in December rather than January; I don’t think changes can wait that long.
Obama/Biden ‘08
By AJC/DNC and RW's Daddy
October 11, 2008 10:01 PM | Link to this
Either that or you had better read my response quick, it’s liable to disappear in a puff of smoke.
Not a surprise since thsy already disappear in a puff of hot air….
By Tyrus Raymond
October 11, 2008 10:03 PM | Link to this
If it’s the newspaper deleting my posts, then there’s not a jury in the world that wont be convinced of my case about how I, as an American citizen, was threatened in a time of war on terror, and in which the Patriot Act was legislated just for cases like this. Who do you think the terrorists are threatening, morons? hey are threatening Americans. The whole point of the legislation was to make it a crime to conspire to do just that. Gee, I happen to be an American.
You dopes. What a bunch of fall guys. What a bunch of maroons.
I love it.
RW: I cant wait.
By getalife
October 11, 2008 10:05 PM | Link to this
RW,
The late touchdown made me stop booing.
They are a strong 4th quarter team but both LSU quaterbacks are not very good.
The folks in Philly are not booing Penn State.
By Midori
October 11, 2008 10:07 PM | Link to this
WASHINGTON — As the economy worsens and Election Day approaches, a conservative campaign that blames the global financial crisis on a government push to make housing more affordable to lower-class Americans has taken off on talk radio and e-mail.
Commentators say that’s what triggered the stock market meltdown and the freeze on credit. They’ve specifically targeted the mortgage finance giants Fannie Mae and Freddie Mac, which the federal government seized on Sept. 6, contending that lending to poor and minority Americans caused Fannie’s and Freddie’s financial problems.
Federal Reserve Board data show that:
-More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions.
-Private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year.
-Only one of the top 25 subprime lenders in 2006 was directly subject to the housing law that’s being lambasted by conservative critics.
Read more: http://www.miamiherald.com/news/politics/AP/story/72237…
By AJC/DNC and RW's Daddy
October 11, 2008 10:08 PM | Link to this
*What was Santa loosing [sic] Pop? *
You spend enough time on the internet to find the video for yourself, son. By the way, I don’t think you’ll find it on that XXX site you and Sen. Craig frequent.
By AJC/DNC Management
October 11, 2008 10:09 PM | Link to this
Hahahahaha, al-Gitmo, you just got called out by your own madness:
“People light up a joint, and they have no idea the amount of environmental damage associated with it,” said Cicely Muldoon, deputy regional director of the Pacific West Region of the National Park Service.
Wasn’t Oblahma a pothead at one time, by his own admission?
You dopers hate the Earth and I, for one, am disgusted, hahaha.
By Tyrus Raymond
October 11, 2008 10:17 PM | Link to this
Midori, I appreciate your efforts. Simplify. Your devasting point never gets made in all that type.
Dont be duhng.
I’ve neutralized that fool.
Dont kneel to the same chin music that he latently homogenizes, okay?
Cool, girl.
Moron.
(forgive me)
By AmVet
October 11, 2008 10:19 PM | Link to this
Re the 10:09.
All the more reason to legalize weed. And even Bob Barr has come to his senses on this one.
What is happening is just another sad part of the underground, crime ridden world that is the legacy of Big Government Ronnie and Eddie’s misguided war on drugs…
By AJC/DNC and RW's Daddy
October 11, 2008 10:19 PM | Link to this
You dopers hate the Earth and I, for one, am disgusted, hahaha.
Darn right! We should take all that pot growing land and put an oil rig on it!! That’s much more environmetally friendly.
By getalife
October 11, 2008 10:19 PM | Link to this
Andy,
They should legalize it for the revenue like liquor.
Touchdown LSU! 20-14
By AJC/DNC Management
October 11, 2008 10:28 PM | Link to this
Oh I get it, smoking dope takes precedence over commerce.
You see where we are headed here, America?
By Tyrus Raymond
October 11, 2008 10:30 PM | Link to this
Hey everyone: HUD (the movie) is on classic movies. Now Paul Newman just died, and in a late interview he said he was disappointed in his performance in HUD.
He said, “less is more”.
Watch it and see what he meant.
It’s a gas.
and inspiration for budding actors.
By TN Gelding
October 11, 2008 10:31 PM | Link to this
AJC/DNC and RW’s Daddy
October 11, 2008 10:19 PM
Drill baby, drill!
The industry, however, warns new taxes are already discouraging future exploration and development in newer, more expensive projects needed to boost waning production in Alaska’s oil patches.
By G
October 11, 2008 10:31 PM | Link to this
No way is McCain contrite. What a pathetic ploy. And that’s all it is, too. He’s merely acting to try to gain sympathy.
If he were contrite, he’d pull the disgusting attack ads he’s got going on TV everywhere, and yank that vicious guttersnipe Palin’s chain.
This whole thing reminds me of the story in Rolling Stone on him, in which they talked about how as a little kid he’d hold his breath to get his way until his parents threw him into a tub of cold water to make him breathe.
Still just a little brat in an old man’s body.
Obama/Biden ‘08
By AJC/DNC and RW's Daddy
October 11, 2008 10:32 PM | Link to this
You see where we are headed here, America?
Son! America is not listening to you ramble. Let it go. This is just an Atlanta, GA newspaper website blog. And not a very good one either. Me thinks you protest too much!
By Midori
October 11, 2008 10:40 PM | Link to this
point well taken, Tyrus
:)
By RW-(the original)
October 11, 2008 10:41 PM | Link to this
Geez, Mizzou is losing too. Could Bama have the most productive bye in history?
By Tyrus Raymond
October 11, 2008 10:44 PM | Link to this
G: we want McCain 2B McCain all they way to november.
Haven’t you got it yet? No matter what they say, America has undergone tectonic demographic change.
That’s the true change: demographic change.
What about hope? Hope and Justice are two sides of a logic lesson: first you hope. What do you hope for? Justice. Nobody hopes for anything but justice.
Go ‘head. Write a new beatitude. Now you can do it.
The Christman. Not the Christ. Not The Man. Not Divine. Not simply human.
But a Christman. A hybrid human/christ that the mind evolves into by thinking the good thoughts.
ANd striving to achieve justice.
Obama 08: He’s right for what’s left of America.
By @@
October 11, 2008 10:57 PM | Link to this
I still say that if I have the good sense not to purchase on an ARM, I can expect everyone to be equally as discerning. Don’t let your wants overrule good judgment.
Saw some interesting voters in Ohio on CNN tonight.
A McCain supporter who had lost her job at Archway and still plans to vote for McCain out of confidence in his ability to lead.
A former McCain supporter and staunch pro-life supporter who will forego McCain, is willing to sacrifice an unborn child by supporting OBlahMa in self-interest with little confidence that he can fix the economy, but HOPE in things yet to be seen. No hope in a child yet to be born, just OBlahMa.
Then there was a group of voters who said they couldn’t vote for OBlahMa after having seen the extremes to which Al Sharpton and Jesse Jackson would go in promoting racial division.
I guess Al and Jesse are OBlahMa’s cross to bear.
For how many decades have liberal elitists stood firmly in defense of Sharpton and Jackson? Looks like they may have contributed to OBlahMa’s problems.
Democratic surrogates giving speeches calling some Ohioans (democrats) racist. Now that’s the way to win friends and influence people.
One surrogate went so far as to say that certain regions (democratic) within Ohio were questionable because they lacked tolerance, weren’t progressive enough?
What a mess!
By Midori
October 11, 2008 11:03 PM | Link to this
A McCain supporter who had lost her job at Archway and still plans to vote for McCain out of confidence in his ability to lead.
FOOL!!!
A former McCain supporter and staunch pro-life supporter who will forego McCain, is willing to sacrifice an unborn child by supporting OBlahMa in self-interest with little confidence that he can fix the economy, but HOPE in things yet to be seen. No hope in a child yet to be born, just OBlahMa.
BIGGER FOOL
Then there was a group of voters who said they couldn’t vote for OBlahMa after having seen the extremes to which Al Sharpton and Jesse Jackson would go in promoting racial division.
POOR, MISGUIDED IDIOT SCUM
Oh, put a cork in it.
We all know who is throwing out the hate and the racism.
And it isn’t the black folks.
By G
October 11, 2008 11:06 PM | Link to this
McCain, you said you respected the opinion of Rep. John Lewis.
Well then, listen to him and not your running mate and lackeys.
John Lewis would be the first to tell you that every racist in the South believed they were just in dominating black people. They believed that God was on their side. They believed that they were saving the nation.
The Republican party has fallen deeper and deeper into the trash heap. How can the Christian right continue to support this filth? The same way they did George Wallace when he stood in the doorway of the school.
McCain, you may think you are saving the nation and that your cause is just, but you are spreading racist hate.
Too bad you would sacrifice your status as a true American hero for the admiration of racism.
Obama/Biden ‘08
By Midori
October 11, 2008 11:06 PM | Link to this
Democratic surrogates giving speeches calling some Ohioans (democrats) racist. Now that’s the way to win friends and influence people.
if the shoe fits…………….
why is that a problem? it’s not as if the surrogates are lying.
I’ve seen Palin and McCain whipping up the hate and racism at their rallies.
Puts the KKK to shame.
By AJC/DNC and RW's Daddy
October 11, 2008 11:13 PM | Link to this
For how many decades have liberal elitists stood firmly in defense of Sharpton and Jackson?
FatFat, Dude, these two had to put up with the likes of George Wallace, Lester Maddox and J.B. Stoner for decades. They learned “extreme” by living through it. Being white myself, I have some trouble with them always yelling the race card, but I lived in the south, growing up during the fight for de-segregation and it wasn’t pretty, or “right”.
By Tyrus Raymond
October 11, 2008 11:16 PM | Link to this
I adore Midori, but it’s time to stop you.
Midori: Let McCain play the race card.
When you comment like you just did above, you lose for us.
Sorry, but you’re a liability. Recede.
Please, girlfriend.
And put down the wine glass.
Alcohol doesn’t look good on anyone.
‘muff said.
PS: did you notice how my enemies have began to use the “muff said”?
That’s a victory.
By Tyrus Raymond
October 11, 2008 11:23 PM | Link to this
G: we want McCain 2B McCain all they way to november.
Haven’t you got it yet? No matter what they say, America has undergone tectonic demographic change.
That’s the true change: demographic change.
What about hope? Hope and Justice are two sides of a logic lesson: first you hope. What do you hope for? Justice. Nobody hopes for anything but justice.
Go ‘head. Write a new beatitude. Now you can do it.
The Christman. Not the Christ. Not The Man. Not Divine. Not simply human.
But a Christman. A hybrid human/christ that the mind evolves into by thinking the good thoughts.
ANd striving to achieve justice.
Obama 08: He’s right for what’s left of America.
BTW: the andy troll is so obvious that it sort of makes me sick. sorry, we all know you mean well, but you’re a buttfook, and a total idiot. just get lost.
By Tyrus Raymond
October 11, 2008 11:29 PM | Link to this
Andy, I’m begging you to stop using italics. You’re creaming the left’s political machine. You’re ruining the entire campaign.
Please, sir. Stop using italics. Obama’s election depends on it.
bwa haw
moron
By AJC/DNC and RW's Daddy
October 11, 2008 11:33 PM | Link to this
Could Bama have the most productive bye in history?
No. That would be Dick Cheney skipping his turn for the firing squad.
By TN Gelding
October 11, 2008 11:37 PM | Link to this
@@
October 11, 2008 10:57 PM
And not to pay 2 or 3 times what it would cost to build the house.
By AJC/DNC and RW's Daddy
October 11, 2008 11:43 PM | Link to this
“There are millions of people around this world praying to their god—whether it’s Hindu, Buddha, Allah—that his opponent wins, for a variety of reasons. And Lord, I pray that you will guard your own reputation, because they’re going to think that their God is bigger than you, if that happens,” said Arnold Conrad, the former pastor of Grace Evangelical Free Church in Davenport.
Stop! Your killing me! I can’t take any more! My sides hurt! I’m rolling on the floor! AHHAHAHAHAHAHAHAHAHA! Who needs campaign ads when you got this kind of Insider help!
By @@
October 11, 2008 11:50 PM | Link to this
And it isn’t the black folks.
Midori:
Did I say any of those Ohioans were black? The last group I mentioned were definitely white democrats though.
There WAS this one black guy at a McCain campaign who “begged”, his word not mine, Senator McCain to take it to OBlahMa on his radical associations. “Hit him in the soft underbelly” or something to that effect.
Was that black guy a racist?
I’ve seen Palin and McCain whipping up the hate
Towards a far-left liberal. Shute, I developed a GREAT disdain for far-left liberals thanks to people like you and other like you on these sites.
PoliFore:
They learned “extreme” by living through it.
I understand that, but they carried it too far for too long.
Kinda like Ayers. He carried his protest too far and harbors the same bitterness towards America to this day.
Sorry guys……just dropped by for a quick post. Shoulda known it would enrage Midori. Doesn’t take much.
Until another day. I’m off to slumber.
By dim sum
October 11, 2008 11:57 PM | Link to this
haha haha hahaaha
fl jst ripeed lsu
now ga rips both
By AJC/DNC and RW's Daddy
October 11, 2008 11:59 PM | Link to this
There WAS this one black guy at a McCain campaign who “begged”, his word not mine, Senator McCain to take it to OBlahMa on his radical associations. “Hit him in the soft underbelly” or something to that effect.
FatFat, Just slightly less provoking than” Bomb Obama”. “Kill Him” and other kind things being said at Our Dear Sarah’s “rallys”. Chicken.
By AJC/DNC and RW's Daddy
October 12, 2008 12:07 AM | Link to this
I understand that, but they carried it too far for too long.
So you say. But you’ve been wrong before. And they will probably carry it to their graves, just like the while supremasists I mentioned above. Question is, do you plan to carry your hate for anyone who disagrees with you to the grave?
By waffle house
October 12, 2008 12:07 AM | Link to this
anyone got the latest poll?
By the bird
October 12, 2008 12:40 AM | Link to this
bomb bomb bomb,
bomb bomb iran
bomb bomb bomb
bomb bomb iran
bomb iraaaaan
By Midori
October 12, 2008 12:49 AM | Link to this
the black man at McCain’s rally was a plant
which is telling really: that’s the only way he can get blacks to attend his rallies (other than SS agents)???
“It is absolutely vital that you take it to Obama, that you hit him where it hits, there’s a soft spot,” said James T. Harris, a local radio talk show host, who urged the Republican nominee to use Barack Obama’s controversial former pastor, the Rev. Jeremiah A. Wright Jr., and others against him.
I understand his web site has been attacked by people calling him that special word.
Idiots
By the bird
October 12, 2008 1:02 AM | Link to this
midori would never moby, no?
By kitty cat's gruff
October 12, 2008 2:01 AM | Link to this
hey hey
[The latest poll says i’m too sexy]
(http://www.youtube.com/watch?v=ipZDG6__Zfc&NR=1)
By Ted Striker
October 12, 2008 2:42 AM | Link to this
You can tell that the Republicans have no candidates to hang their hat on when they all show up here!
By cc
October 12, 2008 3:13 AM | Link to this
You bunch of blacks believing in the crap that Yobama is telling you. Most of you are just voting for him because he is black. And you are guilting whites into voting for him because he is black. And it’s all because you don’t educate yourselves and believe everything this b.s. artist is telling you. I’m a black woman and I for one not voting for this b.s. man. So you all get what is coming to you. A welfare state because none of you want to work anyway.
By TN Gelding
October 12, 2008 6:01 AM | Link to this
cc
October 12, 2008 3:13 AM
He’s calling for personal responsibility.
But you can also see what a difference it makes when people start caring for themselves. It makes a difference when a father realizes that responsibility does not end at conception; when he understands that what makes you a man is not the ability to have a child but the courage to raise one. It makes a difference when a parent turns off the TV once in awhile, puts away the video games, and starts reading to their child, and getting involved in his education. It makes a difference when we realize that a child who shoots another child has a hole in his heart that no government can fill. That makes a difference.
Promote Responsible Fatherhood: Since 1960, the number of American children without fathers in their lives has quadrupled, from 6 million to more than 24 million. Children without fathers in their lives are 5 times more likely to live in poverty and commit crime, 9 times more likely to drop out of school, and 20 times more likely to end up in prison. Barack Obama has re-introduced the Responsible Fatherhood and Healthy Families Act to remove some of the government penalties on married families, crack down on men avoiding child support payments, and ensure that payments go to families instead of state bureaucracies. The legislation would also fund support services for fathers and their families, including domestic violence prevention efforts. As President, he will sign this bill into law and continue to implement innovative measures to strengthen families.
By Mrs.Godzilla
October 12, 2008 6:09 AM | Link to this
The Woman Greenspan, Rubin & Summers Silenced …..more than a decade ago, a woman you’re likely never to have heard of, Brooksley Born, head of the Commodity Futures Trading Commission— a federal agency that regulates options and futures trading—was the oracle whose warnings about the dangerous boom in derivatives trading just might have averted the calamitous bust now engulfing the US and global markets. Instead she was met with scorn, condescension and outright anger by former Federal Reserve Chair Alan Greenspan, former Treasury Secretary Robert Rubin and his deputy Lawrence Summers. In fact, Greenspan, the man some affectionately called “The Oracle,” spent his political capital cheerleading these disastrous financial instruments…..In 1997, Brooksley Born warned in congressional testimony that unregulated trading in derivatives could “threaten our regulated markets or, indeed, our economy without any federal agency knowing about it.” Born called for greater transparency—disclosure of trades and reserves as a buffer against losses……….
By TN Gelding
October 12, 2008 6:15 AM | Link to this
waffle house
October 12, 2008 12:07 AM
Latest polls.
Electoral College.
By TN Gelding
October 12, 2008 7:04 AM | Link to this
Mrs.Godzilla
October 12, 2008 6:09 AM
I had never heard Greenspan referred to as the Oracle before. (Apparently someone wrote a book using it.)
This article resonates with me much more than blaming the CRA.
The late Henry Gonzales railed against derivatives nightly when he was a congressman from Texas.
“You can call it [the use of derivatives] whatever you want, but in my book its gambling.”
By spankmonkey
October 12, 2008 7:17 AM | Link to this
AJC/DNC Management (*aka Andy) must’ve been touched inappropriately by his mother when he was little… such anger and hatred.
Palin wants Alaska to secede from the US, that won’t happen without war, so she seeks war with the US. How can she also seek to lead the US if she openly seeks a war with it?
By @@
October 12, 2008 8:55 AM | Link to this
Midori:
I understand his web site has been attacked by people calling him that special word.
It would appear so. Most of them black. The first post read like one of yours.
You should be ashamed of yourself for leaving such a hate-filled message.
You’re “a plant” here Midori. A “houseplant” to be precise.
By swolf4810
October 12, 2008 9:52 AM | Link to this
I went to school…yo,thirty-eight years ago with someone who later committed murder. Under Palin/McCain’s logic that means I “pal around with” murderers. Puh-leeze get real!
By GodHatesTrash
October 12, 2008 12:16 PM | Link to this
Dusty, when Hensley-McCain lied down with the trash, he should have known he’d come up smelling like garbage.
When you roll around with the pigs and the dogs, you can’t expect others not to know that you smell like you did.