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This page contains a single entry from the blog posted on March 13, 2008 8:29 PM. The previous post in this blog was OHSU Florida. The next post in this blog is Ducks lose. Many more can be found on the main index page or by looking through the archives.

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Thursday, March 13, 2008

Don't worry about the financial markets imploding

The Bush guys have a plan.

Comments (14)

Thank God!

What a relief.

Aren't these actors the worst? Oregon already attempted to have the legislature put stricter controls on mortgages; the biggest problem was that the state could only regulate, at most, 25% of mortgage lending. So, now you get a race-to-the-bottom on state regulations; who will be the Delaware of mortgages?

And who is going to help those state regulators? Oh, its the financial folks who caused the mess in the first place! Maybe it even makes sense ... seeing as how they caused the problem, one can only assume they'd know the most about fixing it.

This is a terrible idea for everyone concerned EXCEPT (1) mortgage lenders (who get the illusion of regulation rather than real regulation) (2) politicians (who get to act like they've done something) and (3) bankruptcy attorneys (because it keeps us employed, picking up the pieces).

PS: I forgot to mention the "plan" isn't even a "plan." Its really the Feds saying "not my problem" and pointing at the lenders and teh states and saying "you fix this, I'm out."

Time to move on; that chapter's now been officially closed.

Mission accomplished.

Here's some view of it, and congruent with mine. The writer is entitled and credentialed, nobody's fool. The spin (on economic collapse) is trending toward excuse by 'incompetence,' not guilty by reason of stupidity, 'bad intelligence.' And all of that bullpucky is balderdash. The collapse is planned, the consequences are intentional. Who are positioned and empowered to prevent or protect from collapse, know what they are doing -- inepts can't get into the job in the first place. And if collapse, then it is done on purpose.

Republicans and “Free Market” Zealots Bring: Death To America, By Paul Craig Roberts, 13-Mar-08.

The writer is ex-Republican, was in Reagan's 'Cabinet' as Asst. Secr. of Treasury.

Watching the Dollar Die, By Paul Craig Roberts, 13-Mar-08.

Especially personable in his second piece. A view to see, words to be heard. In the Comments section with it, is the following, which expresses a sensibility growing rife.

03.13.08 - 11:53 pm ... seeing the divisiveness in the U.S., I surmised another secession would be likely. And thinking of '54-50 or fight', that period of history, and the umm, affluence of the Pacific northwest, newer to the USSA so to speak, I said, yeah!

And juxtaposing that against NAU/SPP, I could see a possibility of that region splitting off, maybe going it alone, or possibly joining up with Canada. As maybe it should have been.

Well, here were are now, and townships in Vermont are talking up secession. Several states have had conferences. It is beginning to look like the only wake-up call to Washington DC will be some significant opposition. ...

I see all that and I see said 'divisiveness' as the instigation of it and I see the germ of divisiveness in Rash Lamebrain and LIARS Larson. That's the indictment, from Lamebrain '88 to LIARS and FUXNews and Paul Allen's KXL politicstalk hateHATEhate radio broadcasting '08: Traitors. Treason.

And everywhere/everyone which/who syndicates or repeats them. It's Nuremberg War Crimes time.

Hang in there guys, Hillary will fix this mess.

Yeah, when Hillary Clinton gets elected, there won't be any worries about money - it'll all be going towards her new budget items like $5,000 savings bonds, "free" health care, etc.

Wow, KXL reports a vehicular assault on the building. No reports (yet) whether LIARS whipped out his Barney Fife bullets and sprayed the lobby.

It ain't no nevermind of mine, but, just saying -- tip to Paul Allen ol' buddy, good buddy -- for what your massmind 'media property' hath wrought, the antagonism blowback is getting so thick a solitary fool such as I can feel it 'on the street.'

On this Canadian website, the Pulitzer-quality Brit-famed investigative reporter connects the dots, from The Fright House spying on sexual congress, to the vacated houses in your neighborhood and the homeless souls wandering down the street dazed.

The $200 billion bail-out for predator banks and Spitzer charges are intimately linked, by Greg Palast, Global Research, March 14, 2008. (From Greg Palast .COM)

While New York Governor Eliot Spitzer was paying an "escort" $4,300 in a hotel room in Washington, just down the road, George Bush's new Federal Reserve Board Chairman, Ben Bernanke, was secretly handing over $200 billion in a tryst with mortgage bank industry speculators.

Both acts were wanton, wicked and lewd. But there's a BIG difference. The Governor was using his own checkbook. Bush's man Bernanke was using ours.

This week, Bernanke's Fed, for the first time in its history, loaned ... an eye-popping windfall to the very banking predators who have brought two million families to the brink of foreclosure.

Up until Wednesday, there was one single, lonely politician who stood in the way of this creepy little assignation at the bankers' bordello: Eliot Spitzer.

Who are they kidding? Spitzer's lynching and the bankers' enriching are intimately tied.

How? Follow the money.

... what kind of American is "sub-prime." Guess. No peeking. Here's a hint: 73% of HIGH INCOME Black and Hispanic borrowers were given sub-prime loans versus 17% of similar-income Whites.

... Bush's regulators went on the warpath against Spitzer and states attempting to stop predatory practices. Making an unprecedented use of the legal power of "federal pre-emption," Bush-bots ordered the states to NOT enforce their consumer protection laws.
Indeed, the feds actually filed a lawsuit to block Spitzer's investigation ...

Bernanke opened the vault and dumped $200 billion on the poor little suffering bankers.... Not one family was saved - but not one banker was left behind.

The truth it appears is that the mortgage-connived economic collapse was set up and is done on purpose, with every intentention of destroying the village, not to save any.

---
Follow the story:
On-air, LIARS reports of the rubber-necking chaos, converging on his hatetalk radio station, (in spite of on Portland's prohibition against broadcasting police activity live, and ongoing), saying himself, LIARS, could never be an assaultive white pickup's target because LIARS fears only those nappy-headed "illegal aliens" and his fascist rightwing listeners copy that.

Please. God. No more "plans"...

Tenskey:

That wasn't you driving through the KXL station, was it?

I thought it was Open Lane Friday.

What I find stupefying about the intricate plotting of the Bush crowd is how they knew not only that Spitzer would take the offered bait, but precisely when he would take it. That's impressive intelligence at work.

Wasn't part of Dershowitz's argument defending Spitzer that it was a setup? The conspiracy isn't that Spitzer did bad things; I believe part of Dershowitz's defense was that you can find unsavory things about ANYONE. The conspiracy is waiting to an opportune moment to spring the trap.

Too many shady coincidences ...


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