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Monday, November 24, 2008  |  5 Comments [ View ]

By: stefen @ 11/29/2008, 8:23 AM

The reason your type of conservativism is in the minority today has has much to do with the pathetic fact-free blaming that you've been doing for the past 8 years as it does the policies.

You people are like children, and it's sad. Actually, that's an insult to children. At least they sometimes manage to learn from childish behavior.

I couldn't be happier to see you whining ninnies out of power. You've only used it to corrupt over the last 8 years, including supporting the kind of deregulation that could easily have been stopped with the majority power you've had over this time.

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By: PoBoy @ 11/28/2008, 6:27 PM

To blame either political party for the problems that greedy fat cat CEO's, making millions, created is assinine. No business can survive making the stupid decisions these companies have. Seems we lived this in the 80's. Remember the S&L fiasco? ARM loans have been around for longer than Bush 1, Clinton, & Bush 2. Subprimes were simply a stupid idea. Where was the company's responsibility in assuring repayment of these loans? It went out the window since the loans could be packaged and sold off to investors who should accept the risks they took. Our government failed to oversee the processes. They should all be fired, assets seaized of they profitted from this debaucle and the proceeds used to bail out those who were truly bilked. No one is going to bail out any of my bad investments, I take the loss. But then I'm not a multibillionaire with powerful political friends who will make sure I don't have to lose as much. Politicians and the elite and wealthy don;t have the same risks as everyday working people. It is far from a level playing field. These companies desereve to go under, despite the risks to our comfortable, spendthrifty, material way of life. It is time that we all get our financial houses in order, especially our banking system. If one can't afford a home, do him no favors by giving him a low qualifying rate only to raise it later. Be blunt. Tell him he can't afford it. It's the responsible thing to do. Our system is crooked, has been since before the Depression. Washington is inept at almost anything they do, so why should we expect things to get better. Until we the people get sick enough of the corruption and take back our power and rebuild the government in the form that it was intended, we will continue to be it's victims.

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By: Rich @ 11/24/2008, 11:44 AM

Mike

I didn't see much (if anything) the Republicans did to prevent this. They definitely had the time and power when they held both the House and the Executive Office.

If you want somebody to blame start with stupid politicians (both parties), greedy bankers, and ignorant people applying for these loans.

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By: dkm1469 @ 11/24/2008, 10:13 AM

"I was amazed at the stupidity of some people..."

Like you???

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By: ld @ 11/24/2008, 7:37 AM

Mike, maybe you should read more than just letters. Try reading some of the many articles in national magazines, or better yet, try reading the Congressional Record. This mess started long ago with bills by a large number of Republican sponsored bills dating back to Reagan and Bush I that set the stage for deregulation of banking and loans and credit cards. And when Bush II was elected, he and his financial wizards (or is that lizards) went to work to almost completely eliminate government oversight of financial institutions. It was all part of their extreme concept of "free market."

Yes, the whole mess was preventable, but it was NOT a failure by Democrats alone unless you want to fault them for failing to stop a powerful Republican majority in Congress.

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