yabits said...

yabits at 12:47 AM JST - 23rd September

sarge writes: It seems to me you do not understand that your Democrats are mainly responsible for the current financial crisis.

It seems to me that people like sarge, who can't see that the current financial crisis involves much more than Fannie and Freddie, and is the natural outcome of…

Posted in Bush administration urges quick action on $700 billion bailout at 12:47 AM JST - 23rd September
yabits at 12:38 AM JST - 23rd September

What is Bush really trying to pull with this urging for "quick action."

Paul Krugman's column on this in today's New York Times, is really worth considering. No, it's a must-read:

http://www.nytimes.com/2008/09/22/opinion/22krugman.html

An excerpt: "That’s what happened in the savings and loan crisis: the feds took over ownership of the…

Posted in Bush administration urges quick action on $700 billion bailout at 12:38 AM JST - 23rd September
yabits at 12:19 AM JST - 23rd September

adaydream writes: "No they don't. That's why you always have to read the fine print. That's why you have to see what was left out."

I know you are speaking tongue-in-cheek, but take a look at all the 401k's that are now put in deep risk. They only came about…

Posted in Bush administration urges quick action on $700 billion bailout at 12:19 AM JST - 23rd September
yabits at 12:03 AM JST - 23rd September

Betzee writes: "In 1989 [after the S and L's went belly up], there was no choice. The federal government insured the thrifts, so when they failed, the feds were left holding their loans; the RTC's job was simply to get rid of them."

Yes, and many private financial institutions picked…

Posted in Bush administration urges quick action on $700 billion bailout at 12:03 AM JST - 23rd September
yabits at 11:57 PM JST - 22nd September

zurconium writes: "sailwind, thats because you dont work for Lehman Brothers or Merril Lynch..."

Or AIG. Inconvenient facts like this sail right over the heads of so many on the right wing. That's why Bush and his ilk can win elections and why the country is in the deep trouble…

Posted in Bush administration urges quick action on $700 billion bailout at 11:57 PM JST - 22nd September
yabits at 11:55 PM JST - 22nd September

sailwind writes: "The contract that says the Govt owes me a life instead of earning one?"

It is pretty obvious that you don't comprehend the meaning of the word "contract." (Contracts always spell out the obligations on both parties.)

The problem with right-wingers is that they keep erecting straw men…

Posted in Bush administration urges quick action on $700 billion bailout at 11:55 PM JST - 22nd September
yabits at 10:48 PM JST - 22nd September

I want a mandatory minimum wage for all jobs.

I want that, but as part of a more comprehensive social contract.

Posted in Bush administration urges quick action on $700 billion bailout at 10:48 PM JST - 22nd September
yabits at 10:45 PM JST - 22nd September

Sarge writes: "McCain wants veterans to have the best possible care. He knows privately-run organizations can do a better, more cost-effective job than the government."

More of the bankrupt, false Republican philosophy that has gotten our nation into the mess it is currently in. Some facts:

"Who do you think…

Posted in Bush administration urges quick action on $700 billion bailout at 10:45 PM JST - 22nd September
yabits at 10:35 PM JST - 22nd September

Betzee writes: Of all the points raised by different analysts about the economy last week, surely the best was Representative Barney Frank’s reminder on “Charlie Rose” that Ronald Reagan’s favorite laugh line was telling audiences that: “The nine most terrifying words in the English language are: ‘I’m from the government,…

Posted in Bush administration urges quick action on $700 billion bailout at 10:35 PM JST - 22nd September
yabits at 08:03 PM JST - 22nd September

SuperLib writes: "What happened was banks lent money to people and people borrowed money beyond their means to buy homes. They're starting to default on their mortgages and now the people backing them don't have the cash to cover the losses. In the end they are the ones (both of…

Posted in Bush administration urges quick action on $700 billion bailout at 08:03 PM JST - 22nd September