isnt it strange for america to go threw so much in such little time first the twin towers know the economy whats next its all got to be an inside job a blind man can see this wake up america i dont know if obama is the answer but with him the truth will come out if he fixs the problem or more of the same what do we got to lose they elected a pycho path for the last eight lets give someone who maybe has some sense
"The fact that we have reached a point where the Federal Reserve felt it had to take this unprecedented step with the American Insurance Group is the final verdict on the failed economic philosophy of the last eight years."
American Insurance Group? What a noob. AIG stands for American International Group. No wonder he carries around a portable teleprompter. He's worse than Bush without one. How on earth is he fooling so many people? He's still avoiding the town hall debates
At the core of this financial meltdown was the ability of lenders to make loans to unqualified borrowers and then sell their portfolios of risky loans to yield-hungry Wall Street investors with no recourse. These loans were structured so that the borrowers would either have to re-finance or face default within 5 years. When the credit was not available for these borrowers to re-finance, the meltdown began.
Republicans are anti-regulation. We are all paying the price for the GOP's blunder.
Sorry but its you that doesn't know what your talking about in 2005 McCain cosponsored a bill that would have addressed Fannie May and Freddie Mac but it was killed when the democrats took over congress.
"I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole."
isnt it strange for america to go threw so much in such little time first the twin towers know the economy whats next its all got to be an inside job a blind man can see this wake up america i dont know if obama is the answer but with him the truth will come out if he fixs the problem or more of the same what do we got to lose they elected a pycho path for the last eight lets give someone who maybe has some sense
guntownrifa 3 years ago
Obama gaffes again-
"The fact that we have reached a point where the Federal Reserve felt it had to take this unprecedented step with the American Insurance Group is the final verdict on the failed economic philosophy of the last eight years."
American Insurance Group? What a noob. AIG stands for American International Group. No wonder he carries around a portable teleprompter. He's worse than Bush without one. How on earth is he fooling so many people? He's still avoiding the town hall debates
trencher7 3 years ago
At the core of this financial meltdown was the ability of lenders to make loans to unqualified borrowers and then sell their portfolios of risky loans to yield-hungry Wall Street investors with no recourse. These loans were structured so that the borrowers would either have to re-finance or face default within 5 years. When the credit was not available for these borrowers to re-finance, the meltdown began.
Republicans are anti-regulation. We are all paying the price for the GOP's blunder.
EternalMedia 3 years ago
You do not know what you are talking about.
McCain has wanted deregulation since that is a GOP mantra. Learn your history or simply STFU.
jsrl317 3 years ago
Sorry but its you that doesn't know what your talking about in 2005 McCain cosponsored a bill that would have addressed Fannie May and Freddie Mac but it was killed when the democrats took over congress.
ArboriusOwns 3 years ago
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"I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole."
John McCain - 2005
jkstar09 3 years ago
Another JFK ? maybe...
Illuminati will... you know.
pcgameplayer 3 years ago