Bailout Deal Reached? Maybe Not

David Knowles go fuck yourself.

Joe,

Have a nice day.

Amen!!! Call KFC... I smell chicken... oh the fodder for SNL. Give me a break, mcidiot! We are the laughing stock of the world with that old muppet Mcshorty!!

Temper tantrums indeed...I agree with you on that one, David :))

And Joe, the truth hurts doesn't it? Well get over it!!

McCain will lose like he lost 6 airplanes.

McCain Lost Planes
1. 1958-Corpus Christi Bay
2. 1960-Iberian Peninsula
3. 1965-Philadelphia
4. July 29, 1967- USS Forrestal
5. Oct. 26, 1967-North Vietnam
6. 1980-McCain began talking with his friend Maine senator Bill Cohen about running for Congress in Arizona. His impatience may have been related to his realization that, unlike his father and grandfather—the only father-and-son pair ever to hold four-star rank—he was unlikely to make admiral. A promotions board had turned him down once; a sea command hadn't materialized; his physicals were lousy; and a bit too much of the swashbuckling, devil-may-care John McCain still showed, as Jim Jones recounts: "I came into work one day, and he was banged up even more—his arm was in a sling, bandages on his face, and it took me a while to pry out what had happened to him. He had gone flying in an ultralight—and he crashed. Now, my question to him was: 'You've been shot down—you know what that's like.... You've been captured.... You've been tortured, and everything else. Why in the world would you want to get back up in a single-engine ultra-light airplane, knowing that there's nothing good that's going to come of it?' And he didn't have an answer."
Carl Bernstein "Nothing Left to Fear" (PARAGRAPH 47)

http://www.carlbernstein.com/magazine_mccain.php

poor johnny mccain
no photos today on capital hill..

hey mccain you being in the senate for 26 years,,you have voted on every de regulation bill,,,
and you want to become mr.regulator..

in the words of joe 'go fuck yourself'

Most readers here already know that Knowles is in the Obama cult trash can along with Olberman, MSNBC, the NYTimes. He is so trasparent and such a hater of McCain/Palin that he will, kike Obabma, say or so anything to disccredit them. Notice, fellow readers, that he NEVER exposes any of the numerous failures and shortcomings of his cult leader...Barack Hussein....just another blogger with his head in the sand.

Candidly, Obama has been running for president since reaching the senate. There is a bit more to governing other than making speeches on wealth redistribution!! Now -- speaking of wealth -- or wealth reduction via Fannie Mae and Freddie Mac (the culprits of the downfall):

When all is said and done, it appears that two former CEOs of Fannie Mae played lose with the books (one -- Franklin Raines was fired) to bolster their own bonuses. Think that the taxpayers are owed a chronology of what happened; a timeline of when it happened; who got paid what, and when; who had congressional oversight, and what did they do, or fail to do; who received campaign contributions and how much -- then look at their voting records -- both parties; and what charges will be brought against those who committed fraud, and sanctions against those in Congress who FAILED to take action to protect law abiding taxpayers. Fear that we are just beginning to see the beginning of hard times. Who will lend us money from overseas now?? Note the following: http://www.reuters.com/article/marketsNews/idUSPEK16693720080925

I am not sorry.
Joe3:25PMSep 25th 2008

David Knowles go fuck yourself.

Yes I'm pissed off. Liars and propaganda artists blow. I'll never get over Obama and his lying supporters who love themselves more than Americans and Country.
The sorrowful thing here is Obama is jsut a European Union Neo Nazi, Nationalist Stooge and Muslim Extremist Representative. If you want to be able to hand the American poor and hungry a hot meal and a place to stay then don't vote Obama. He wants to Give Africa One trillion dollars. Yes I know you dumb bastards, the war is expensive and what about the bail out will LOAN $700 Billion to save our Banks.

Read the post above
Susie Nelson3:43PMSep 25th 2008

Monica blows Bill Clinton then Clinton Screws America.

You keep prematurely posting that a deal has been reached. It has not. It wasn't earlier today, it wasn't yesterday, I hope it will be later today. Do you get your blogs straight from the Democratic talking points? Turns out there are two parties and they do not have consensus yet. IN fact the democrats just dumped a 55 Billion dollar surprise on the table. I know you keep downplaying McCain's involvement, but the truth is that without him and his actions this thing was dead in the water yesterday.

Bad move on McCain's part - bad news for us who prefer McCain in this race.. think this will backfire on McCain.. it only helps Obama... where he came right back saying have to be able to do more than one thing at a time.. lol......-------Greg----http://us.imdb.com/name/nm2734923/

The Real Culprits In This Meltdown

By INVESTOR'S BUSINESS DAILY 2008 4:20 PM PT

Big Government: Barack Obama and Democrats blame the historic financial turmoil on the market. But if it's dysfunctional, Democrats during the Clinton years are a prime reason for it.

Obama in a statement yesterday blamed the shocking new round of subprime-related bankruptcies on the free-market system, and specifically the "trickle-down" economics of the Bush administration, which he tried to gig opponent John McCain for wanting to extend.

But it was the Clinton administration, obsessed with multiculturalism, that dictated where mortgage lenders could lend, and originally helped create the market for the high-risk subprime loans now infecting like a retrovirus the balance sheets of many of Wall Street's most revered institutions.

Tough new regulations forced lenders into high-risk areas where they had no choice but to lower lending standards to make the loans that sound business practices had previously guarded against making. It was either that or face stiff government penalties.

The untold story in this whole national crisis is that President Clinton put on steroids the Community Redevelopment Act, a well-intended Carter-era law designed to encourage minority homeownership. And in so doing, he helped create the market for the risky subprime loans that he and Democrats now decry as not only greedy but "predatory."

Yes, the market was fueled by greed and overleveraging in the secondary market for subprimes, vis-a-vis mortgaged-backed securities traded on Wall Street. But the seed was planted in the '90s by Clinton and his social engineers. They were the political catalyst behind this slow-motion financial train wreck.

And it was the Clinton administration that mismanaged the quasi-governmental agencies that over the decades have come to manage the real estate market in America.

As soon as Clinton crony Franklin Delano Raines took the helm in 1999 at Fannie Mae, for example, he used it as his personal piggy bank, looting it for a total of almost $100 million in compensation by the time he left in early 2005 under an ethical cloud.

Other Clinton cronies, including Janet Reno aide Jamie Gorelick, padded their pockets to the tune of another $75 million.

Raines was accused of overstating earnings and shifting losses so he and other senior executives could earn big bonuses.

In the end, Fannie had to pay a record $400 million civil fine for SEC and other violations, while also agreeing as part of a settlement to make changes in its accounting procedures and ways of managing risk.

But it was too little, too late. Raines had reportedly steered Fannie Mae business to subprime giant Countrywide Financial, which was saved from bankruptcy by Bank of America.

At the same time, the Clinton administration was pushing Fannie and her brother Freddie Mac to buy more mortgages from low-income households.

The Clinton-era corruption, combined with unprecedented catering to affordable-housing lobbyists, resulted in today's nationalization of both Fannie and Freddie, a move that is expected to cost taxpayers tens of billions of dollars.

And the worst is far from over. By the time it is, we'll all be paying for Clinton's social experiment, one that Obama hopes to trump with a whole new round of meddling in the housing and jobs markets. In fact, the social experiment Obama has planned could dwarf both the Great Society and New Deal in size and scope.

There's a political root cause to this mess that we ignore at our peril. If we blame the wrong culprits, we'll learn the wrong lessons. And taxpayers will be on the hook for even larger bailouts down the road.

But the government-can-do-no-wrong crowd just doesn't get it. They won't acknowledge the law of unintended consequences from well-meaning, if misguided, acts.

Obama and Democrats on the Hill think even more regulation and more interference in the market will solve the problem their policies helped cause. For now, unarmed by the historic record, conventional wisdom is buying into their blame-business-first rhetoric and bigger-government solutions.

While government arguably has a role in helping low-income folks buy a home, Clinton went overboard by strong-arming lenders with tougher and tougher regulations, which only led to lenders taking on hundreds of billions in subprime bilge.

Market failure? Hardly. Once again, this crisis has government's fingerprints all over
it.

Also this comment from the Las Vegas Sun May 08

Congress has continued to require that all their actionable decisions be made on a static behaviorism bases. This is also strikingly true with the unintended consequences of tax policy, giveaways, and such laws as the Community Reinvestment Act (CRA). The SEC forced SunTrust Banks, in 1998, to restate financials with regard to holding more the one year’s worth of reserve, effectively causing them to reduce reserves to a limit of one year. The central bankers in Basel in 1988, agreed to worldwide reserves standards, and updated them in Basel in 1999, with no positive result.
.
Face up to it, Clinton set the wheels in motion on this financial meltdown.
Vote McCain/Palin

Suspending McCain's campaign....Bad move on McCain's part - bad news for us who prefer McCain in this
race.. think this will backfire on McCain.. it only helps Obama...
where he came right back saying have to be able to do more than one
thing at a time..
lol......-------Greg----http://us.imdb.com/name/nm2734923/

This is the type of Politcal ploys that Americans are just getting sick and tired of. McCain have been playing games every since the primaries where over and it is just shameful, shameful, and shameful. He goes and picks a woman to run with him that if elected is not worthy of the VP. Sarah will not even give a interview unless it is with someone that she feels comfortable with. McCain is dodging Obama is just plain stupid.

This is the type of Politcal ploys that Americans are just getting sick and tired of. McCain have been playing games every since the primaries where over and it is just shameful, shameful, and shameful. He goes and picks a woman to run with him that if elected is not worthy of the VP. Sarah will not even give a interview unless it is with someone that she feels comfortable with. McCain is dodging Obama is just plain stupid.

Phoenix3:30PMSep 25th 2008

Amen!!! Call KFC... I smell chicken... oh the fodder for SNL. Give me a break, mcidiot! We are the laughing stock of the world with that old muppet Mcshorty!!
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Funny. lol

MR. KNOWLES, AS MUCH AS YOU WOULD LIKE TO BELIEVE A DEAL HAS BEEN REACHED, IT HAS NOT. STOP LYING FOR THESE DO NOTHING DEMOCRATIC BASTARDS IN CONGRESS. THE AMERICAN PEOPLE HAVE HAD ENOUGH FROM BOTH REPUBLICANS AND DEMOCRATS WHO HAVE EACH HAD THEIR TURN AT RAPING OUR DEMOCRACY.
I'M VOTING FOR THE ONLY INDEPENDENT MINDED CANDIDATE IN THIS ELECTION. JOHN MCCAIN.
MCCAIN/PALIN....2008 BECAUSE AMERICANS DESERVE BETTER.

Joe3:55PMSep 25th 2008

I am not sorry.
Joe3:25PMSep 25th 2008

Hey, Mr. blow hard do your self!!

A bailout by our tax dollars is not acceptable to me. The responsibility is the irresponsibility of the corporate lending officers to get us into this mess by handing out virtually free credit to people who did not have the means to pay - credit card companies, banking institution and and money lenders of all catagories are responsible for this mess. Let them come up with the money for bail out - They had it to lend - so let them get it back. Fire the CEO's and lending officers with the most high paying job in the country. There are many qualified personnel to do their jobs and would do much better - since the employees that are there now - what good did they do for our country. They got us in a financial mess - let them pay.