John McCain & The American-Meltdown!

[Mr. Shaman]

Chances are (not being "the sharpest-tack, in the box"), John McCain had no idea what his handlers had in-store for the U.S., but....can you imagine (if he'd won The Presidency), where we'd BE, presently....allowing our economy to simmer, for another-four-years????

Ya' gotta figure...the same cabal, that was managing him....was (more-than-likely) the same cabal that was managing Lil' Dumbya....and, the same cabal that had high-hopes for a Palin Presidency!!!​

"Though Gramm, a former Texas senator, is no longer a member of McCain's close-knit team, he still seems to be assisting the campaignhttp://abcnews.go.com/Politics/story?id=5835269&page=1.

Last week, former Republican presidential candidate Ron Paul says Gramm, who is a vice chairman of the investment banking division at UBShttp://www.slate.com/id/2194933/, called to urge him to endorse McCain. Gramm also appeared in the audience at an Aspen Institute Forum featuring McCain last month."

(You remember UBS....right?????)​

While Porky Limbaugh & FAUX Noise were "contracted" to convince Freepers & Dead-O-Heads that Black-people took-on more debt than they could afford.....Phil Gramm & the Republican Presidential Management cabal were ca$hin'-IN!!!!

(Start 'er up, at 2:20...

)

*****

Stand-by for video.....from Q&A!!​

 

[dogtowner]

from your link

Story deemed

So let's go over the elements of this statement:
"Architect of some of the deregulation": Not the architect, but fairly described as a key supporter.
"That helped cause the mess on Wall Street": Not the root cause, but a contributing factor. "Helped" seems a fair characterization.
"One of McCain's chief advisers": He used to be, but isn't anymore.
There's some truth here, but it also seems like Obama is exaggerating to make a point. When you add up all the elements, we rate Obama's statement Half True.

 

[Mr. Shaman]

So let's go over the elements of this statement:
"Architect of some of the deregulation": Not the architect, but fairly described as a key supporter.

Riiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiight.......​

MICHAEL GREENBERGER: To understand why this is like a gambling casino. You have to understand what’s at stake here. On a December evening – December 15th, 2000 around 7 o’clock Phil Gramm, Republican Senator of Texas, then Chair of the Senate Finance Committee, walked to the floor of the Senate and introduced a 262-page bill as a rider to the 11,000 page appropriation bill which excluded from regulation the financial instruments that are probably most at the heart of the present meltdown.

He not only excluded them from all federal regulation, but he excluded them from state regulation as well which is important because these instruments could be viewed to be gambling instruments where you’re betting on whether people will or will not pay off their loans. And he announced at the time that this measure would be a boon to the American economy and be a boon to Wall Street because they would be free of any supervision in this regard."

Don't make excuses for John McCain's ECONOMIC-ADVISOR!


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L. COCKBURN: Also, when this film first opened, it was at the Tribeca Film Festival in New York in the spring. We had three screenings and they were packed with Wall Street people. The Wall Street people – it was very interesting because after – at the end of each screening, it turned into a real town meeting.

These guys stood up and they started talking to each other and it gave them the first opportunity to really – I mean they were yelling at each other. The ratings guys were yelling at the brokers. And it was quite lively and it was exciting to see Wall Street react to this and it was the first time a lot of those people understood what effect it had on people’s lives."

LAMB: Go back to the Tribeca Film Festival in New York City, where you showed this three times.

A. COCKBURN: Yes.

LAMB: And there were the discussions that broke out afterwards. Were you there in the audience?

A. COCKBURN: Yes, we were – this started off as people asking us questions. But as the Wall Street, as someone – as Leslie said that – the house was basically full of Wall Street people. And pretty soon instead of, you know, us having to answer the question, someone else would jump up from another part of the theatre and say, wait a minute, you know, I was – you were at the ratings agency. You did that. Well, you know, it was your fault, not ours. And it turned into this extraordinary debate, this town meeting.

LAMB: Did anybody in that – in those sessions – get mad at you for what you had – how you portrayed them in the film?

A. COCKBURN: No. No, no, no. Everyone, I mean, that was gratifying. People – no one – people didn’t get mad at us. They were – in a way they were pleased with, you know, that we’d laid the whole thing out.

It was almost cathartic for them, that here was a forum, you know, that – the way we were providing a, sort of a backdrop on a forum so they could really, you know, say – have their say and talk about what had happened."

 

[Mr. Shaman]

"Federal Reserve Chairman Ben S. Bernanke said low central bank interest rates didn’t cause the housing bubble of the past decade and that better regulation would have been more effective in curbing the boom.

“The best response to the housing bubble would have been regulatory, rather than monetary,” Bernanke said yesterday in remarks to the American Economic Association’s annual meeting in Atlanta. The Fed’s efforts to constrain the bubble were “too late or were insufficient,” which means that regulatory actions “must be better and smarter,” he said.

Bernanke said the Fed is improving supervision of banks and has strengthened measures to protect consumers of financial products. Senate Banking Committee Chairman Christopher Dodd, who backs Bernanke for a second term, has called the Fed’s oversight of bank lending before the crisis an “abysmal failure.” Dodd proposes stripping the Fed and other agencies of bank supervision powers and moving them to a new regulator."

Keepin' C-students outta the Oval Office would probably help, as well....

​

 

[top gun]

from your link

Story deemed

So let's go over the elements of this statement:
"Architect of some of the deregulation": Not the architect, but fairly described as a key supporter.
"That helped cause the mess on Wall Street": Not the root cause, but a contributing factor. "Helped" seems a fair characterization.
"One of McCain's chief advisers": He used to be, but isn't anymore.
There's some truth here, but it also seems like Obama is exaggerating to make a point. When you add up all the elements, we rate Obama's statement Half True.

There's no half truth about the Republicants wanting to eliminate oversight and deregulate everything. They said it themselves constantly.

Now I'll grant you this. I don't believe a thing that comes out of their mouths either. But I'm presuming your position is Republicants say what they mean.

 

[dogtowner]

Riiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiight.......​

Don't make excuses for John McCain's ECONOMIC-ADVISOR!​

*****​

I'm quoting YOUR article. If you have issues with that, take it up with yourself.

 

[Mr. Shaman]

I'm quoting YOUR article. If you have issues with that, take it up with yourself.

No....you said.....​

So let's go over the elements of this statement: "Architect of some of the deregulation": Not the architect, but fairly described as a key supporter.

MICHAEL GREENBERGER: To understand why this is like a gambling casino. You have to understand what’s at stake here. On a December evening – December 15th, 2000 around 7 o’clock Phil Gramm, Republican Senator of Texas, then Chair of the Senate Finance Committee, walked to the floor of the Senate and introduced a 262-page bill as a rider to the 11,000 page appropriation bill which excluded from regulation the financial instruments that are probably most at the heart of the present meltdown.

I'd say he went a little-beyond being a mere-supporter....which would make your representation WRONG....as usual.

​

 

[Mr. Shaman]

There's no half truth about the Republicants wanting to eliminate oversight and deregulate everything. They said it themselves constantly.

....And, now.....the PROOF is available!!!!!

Watch Phil "The Rip-Off Artist" Gramm GO!!!!!!!!!!!!!!!

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[always]

Chances are (not being "the sharpest-tack, in the box"), John McCain had no idea what his handlers had in-store for the U.S., but....can you imagine (if he'd won The Presidency), where we'd BE, presently....allowing our economy to simmer, for another-four-years????

Ya' gotta figure...the same cabal, that was managing him....was (more-than-likely) the same cabal that was managing Lil' Dumbya....and, the same cabal that had high-hopes for a Palin Presidency!!!​

While Porky Limbaugh & FAUX Noise were "contracted" to convince Freepers & Dead-O-Heads that Black-people took-on more debt than they could afford.....Phil Gramm & the Republican Presidential Management cabal were ca$hin'-IN!!!!

(Start 'er up, at 2:20...

)

*****

Stand-by for video.....from Q&A!!​

John McCain lost because he isa "progressive" , Not a true CONSERVATIVE! John had no hard set CONSERVATIVE PRINCIPLES TO FALL BACK ON . He used conservatism like shorts ,he changed as needed, no different than Bush , Clinton , BUSH the elder, or a host of other fakers from that uses nameplates like shaving cream disappears after use.
In the 2008 election we had the so called leader( McCain) in front of our TRUE HORSE ( PALIN) , America lost , our Enemies won, as we are finding out today. American Citizens have met our most dangerous enemy and found him to be one of us.

 

[Mr. Shaman]

John McCain lost because he isa "progressive" , Not a true CONSERVATIVE! John had no hard set CONSERVATIVE PRINCIPLES TO FALL BACK ON . He used conservatism like shorts ,he changed as needed, no different than Bush , Clinton , BUSH the elder...blah, blah, blah,blah....

When ya' get-around to the melt-down, you let me know.....​

 

[Mr. Shaman]

There's no half truth about the Republicants wanting to eliminate oversight and deregulate everything. They said it themselves constantly.

Absolutely!!!

They've (obviously) been "promised", by Corporate America, they have nothin'-to-worry-about.

​

 

[Mr. Shaman]

"U.S. Attorney General Eric Holder said a new inter-agency task force is focusing on halting fraud involving mortgages, securities, economic stimulus programs and government bailouts.

In remarks prepared for delivery at a civic group meeting in West Palm Beach, Florida, Holder said the task force was also targeting financial discrimination.

"To those who see victimization of others as an avenue to wealth, take notice: If you fabricate a financial statement, if you propagate an investment scheme, if you are complicit in an act of financial fraud, you are writing your ticket to jail," Holder said.

"Last year, Allen Stanford, Tom Petters and, most recently, Fort Lauderdale attorney Scott Rothstein, who is alleged to have run a $1 billion investment scam, joined Bernie Madoff in becoming headline news and household names," Holder said. "I'm proud that these men along with more than 450 others convicted of corporate and securities fraud in 2009, have been taken out of the game."

Holder said the Justice Department was moving forward on more than 5,000 pending financial institution fraud cases and the FBI was investigating more than 2,800 mortgage fraud cases -- up nearly 400 percent from five years ago.

The task force replaced a similar one established by the Bush administration in 2002 after corporate scandals such as the collapse of Enron Corp, the giant energy trader."

November 10, 2008

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​

 

[Mr. Shaman]

February 16, 2010​

"As the U.S. housing market boomed in the past decade and fueled a bull market in mortgage investments, Norway's government-owned fund went along for the ride -- and the fall.

After that fund recorded its worst-ever year in 2008, managers cited investments backed by U.S. mortgages as a key culprit and began to cut back.

Now, U.S. officials are looking to foreign government funds again. The Federal Reserve is scheduled at the end of March to halt its purchases of mortgage-backed securities, a move that could drive up the low interest rates that have helped the housing market show new signs of life. The Fed is gambling that private investors will step in to buy the securities, helping to keep rates from spiking. Senior officials in the Obama administration and at the Fed say they are counting in part on foreigners to keep the housing market funded.

Not only is the United States seen as a slower-growth region, but some funds are looking for non-dollar investments to guard against the currency's possible decline and are still hesitant about the U.S. mortgage industry.

"Put yourself in the position where you do have the capital to invest. A lot of it is heading to emerging markets and into equity," Randolph said. "The bigger uncertainties are still in the West."

Everyone say, "THANKS, A LOT....PHIL GRAMM & JOHN McCAIN!!!!!"

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July 11, 2008

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[Mr. Shaman]

"First...they came for the Middle Class....."

....and, now, it's KARMA-Time!!!!!!​

"The controversial "Volcker rule" to curb ri$ky trading by banks got a boost in the Senate on Wednesday, as two Democrats introduced a bill that would enact and expand the rule.

As proposed in January, the Volcker rule would ban proprietary trading by banks, order them out of the hedge fund business and limit their growth with a new market share cap."