Does all this government involvement in the financial markets scare you ?

[lakai]

We all know the good that comes out of it, but started to bother me was the ban on short selling. Say goodbye to the free market. The worse case scenario outweighs the best case scenario. Ultimately the US has become one of the largest hedge funds using our money to hedge their bets. Taxpayers are taking all of the risk and will never see the gains.

[JGQ]

Never understood short selling but it is the buss word these days. Jim Kramer on MSNBC was very happy they banned it... and I trust him! (Shouldn’t I?)

From a non financial professional point of view. The latest move from the Gov. seems to address the short term issue facing the financial sector and designed to avoid a meltdown in the that sector. Both parties are on board....
MY biggest concern is that the US Gov. is stretched SOOO thin that adding such huge liability on our balance sheet would short change our future and the value of the dollar... ie. astronomical inflation.

We are risking the whole thing to save a single sector, which couple of years ago was paying CEO's few hundred millions dollars in Xmas bonus... Neither fair nor safe!!!!

[Wagner]

Not as much as this does.
http://wizbangblog.com/content/2008/...tributions.php

[Krimson X]

Originally Posted by Wagner

Not as much as this does.
http://wizbangblog.com/content/2008/...tributions.php

That may be true, but tell the whole story, Wagner.

http://www.politico.com/news/stories/0708/11781.html

Fannie and Freddie’s political contacts exist deep in the two presidential campaigns.

At least 20 McCain fundraisers have lobbied on behalf of Fannie Mae and Freddie Mac, netting at least $12.3 million in fees over the past nine years.

Political insiders Arthur B. Culvahouse Jr., picked by McCain to vet his vice presidential nominees, and Jim Johnson, picked by Obama to perform the same function, once worked for the mortgage giants.

And for years, Rick Davis (Chief Executive Officer of the McCain campaign) served as president of an advocacy group led by Fannie Mae and Freddie Mac that defended the two companies against increased regulation.

[Wagner]

Originally Posted by Krimson X

That may be true, but tell the whole story, Wagner.

http://www.politico.com/news/stories/0708/11781.html

Fannie and Freddie’s political contacts exist deep in the two presidential campaigns.

At least 20 McCain fundraisers have lobbied on behalf of Fannie Mae and Freddie Mac, netting at least $12.3 million in fees over the past nine years.

Political insiders Arthur B. Culvahouse Jr., picked by McCain to vet his vice presidential nominees, and Jim Johnson, picked by Obama to perform the same function, once worked for the mortgage giants.

And for years, Rick Davis (Chief Executive Officer of the McCain campaign) served as president of an advocacy group led by Fannie Mae and Freddie Mac that defended the two companies against increased regulation.

You just blindly follow your boy don't you, complete inability to be objective...amazing

How about the fact that Obama ranks number 2 in taking money from Freddie and Fannie, buttressed by his two other Dem boys. Oh, I didn't have to go back 9 years to get that either

[Krimson X]

Originally Posted by Wagner

You just blindly follow your boy don't you, complete inability to be objective...amazing

And you like to spin half-truths, don't you? Someone has got to keep you honest.

My challenge to you is still on the table.

[Wagner]

Originally Posted by Krimson X

And you like to spin half-truths, don't you? Someone has got to keep you honest.

My challenge to you is still on the table.

You've yet to challenge anything. Your ability to go back nearly a decade when, oh yeah, Clinton was in the White house, in some attempt to validate in your own mind how Obama's actions are somehow acceptable. Amazing.

BTW, didn't half spin anything, you just went an additional 9 years back to attempt to find something If you could just admit you're blindly following him, it would be much easier to understand your point...or lack there of. Nice how you had no objection to your inability to be objective

Guess the real question is, have you come to grips with the fact that Mr. Hope and Change is really the same as every other politician...I mean, w/o the years in office.


Politics, n.: from the Latin poly meaning many, and ticks meaning small blood-sucking objects.

[Krimson X]

Originally Posted by Wagner

You've yet to challenge anything. Your ability to go back nearly a decade when, oh yeah, Clinton was in the White house, in some attempt to validate in your own mind how Obama's actions are somehow acceptable. Amazing.

BTW, didn't half spin anything, you just went an additional 9 years back to attempt to find something If you could just admit you're blindly following him, it would be much easier to understand your point...or lack there of. Nice how you had no objection to your inability to be objective

First, there was nothing objective about your post.

Second, This isn't 9 years ago. This is today:

At least 20 McCain fundraisers have lobbied on behalf of Fannie Mae and Freddie Mac, netting at least $12.3 million in fees over the past nine years.

Political insiders Arthur B. Culvahouse Jr., picked by McCain to vet his vice presidential nominees, and Jim Johnson, picked by Obama to perform the same function, once worked for the mortgage giants.

And for years, Rick Davis (Chief Executive Officer of the McCain campaign) served as president of an advocacy group led by Fannie Mae and Freddie Mac that defended the two companies against increased regulation.

Originally Posted by Wagner

Guess the real question is, have you come to grips with the fact that Mr. Hope and Change is really the same as every other politician...I mean, w/o the years in office.


Politics, n.: from the Latin poly meaning many, and ticks meaning small blood-sucking objects.

Kinda like the "Straight Talk Express." The wheels fell off of that bus a long time ago!

[MrLabGuy]

Originally Posted by Krimson X

First, there was nothing objective about your post.

Second, This isn't 9 years ago. This is today:

At least 20 McCain fundraisers have lobbied on behalf of Fannie Mae and Freddie Mac, netting at least $12.3 million in fees over the past nine years.

Political insiders Arthur B. Culvahouse Jr., picked by McCain to vet his vice presidential nominees, and Jim Johnson, picked by Obama to perform the same function, once worked for the mortgage giants.

And for years, Rick Davis (Chief Executive Officer of the McCain campaign) served as president of an advocacy group led by Fannie Mae and Freddie Mac that defended the two companies against increased regulation.



Kinda like the "Straight Talk Express." The wheels fell off of that bus a long time ago!

Please...You act as if Obama has ZERO links to lobbyists. Careful using guilt by association because Obama does not hold up to that scrutiny.

Lobbyists are part of our broken government and both parties are guilty. I'm more concerned with Obama's relationships with Rezko, Ayres and his 20 year relationship with Rev Wright as well as a long list of others.

So is it quilt by association or not? Pick your poison.

[Krimson X]

Originally Posted by MrLabGuy

Please...You act as if Obama has ZERO links to lobbyists. Careful using guilt by association because Obama does not hold up to that scrutiny.

Lobbyists are part of our broken government and both parties are guilty. I'm more concerned with Obama's relationships with Rezko, Ayres and his 20 year relationship with Rev Wright as well as a long list of others.

So is it quilt by association or not? Pick your poison.

Nope. I quoted it like it was reported. I acknowledged Obama's Fannie and Freddie political contacts. I even acknowledged Obama's receipt of funds from Fannie Mae and Freddie Mac. So you cannot say that I inferred that Obama has ZERO political links to Fannie and Freddie.

Originally Posted by Krimson X

That may be true, but tell the whole story, Wagner.

Fannie and Freddie’s political contacts exist deep in the two presidential campaigns.

I responded directly to Wagner's "half-truth" post about Fannie Mae and Freddie Mac.

As far as Rev. Wright (to which Obama has offered as fair game during this political season) and others, I offer this:

If you are McCain or Gov. Palin it is ok to attend churches over the years whose pastors say that people who voted for John Kerry or merely criticize George W. Bush are going to hell, and that the U.S. is an explicitly Christian nation and the job of Christians is to bring Christian theological principles into government, and who bring in speakers who say the conflict in the Middle East is God’s punishment on Jews for rejecting Jesus, and everyone can still think you’re just a good church-going Christian, but if you’re Obama and friends with a Rev. Wright who has noted (as have Colin Powell and the U.S. Department of Defense) that terrorist attacks are often the result of U.S. foreign policy and who talks about the history of racism and its effect on black people, you’re an extremist who probably hates America.

If you are Gov. Palin it is ok to have a husband who was a member of an extremist political party that wants your state to secede from the Union, and whose motto was “Alaska first,” and no one questions your patriotism or that of your family, while if you're Obama everyone questions your patriotism because you do not wear a flag lapel pin or becaues you have a tenuous link to William Ayers.