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10-02-2008 12:30 PM
#44271
Re: Asian giant for HC
</P>
See you tonight for the "Joey and Sarah Show".....gotta power out and get some work done!!![:$]</P>
Sixty countries have sent reps here to see the show.....I hope they all dump a lot of their $$$ while they are here!!! [Y]</P>
</P>
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10-02-2008 12:59 PM
#44272
Moderator
Re: Asian giant for HC
[quote user="NYG_SBXLIII"]
</p>
See you tonight for the "Joey and Sarah Show".....gotta power out and get some work done!!![:$]</p>
Sixty countries have sent reps here to see the show.....I hope they all dump a lot of their $$$ while they are here!!! [Y]</p>
</p>[/quote]
It will most likely be a very enjoyable debate!!!
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10-02-2008 01:58 PM
#44273
All-Pro
Re: Asian giant for HC
<div align="center"><div align="left">Full Factchek.org review, with the end summary below:
</div><font size="2">
The Real Deal
</font></div> <font size="2">
So who is
to blame? There's plenty of blame to go around, and it doesn't fasten
only on one party or even mainly on what Washington did or didn't do.
As The Economist magazine noted recently,
the problem is one of "layered irresponsibility ... with hard-working
homeowners and billionaire villains each playing a role." Here's a
partial list of those alleged to be at fault:
</font> <ul>[*]
<font size="2">[*]The Federal Reserve, which slashed interest rates after the dot-com bubble burst, making credit cheap.[*]Home buyers, who took advantage of easy credit to bid up the prices of homes excessively.[*]Congress, which continues to support a mortgage tax deduction that gives consumers a tax incentive to buy more expensive houses.[*]Real estate agents, most of whom work for the sellers rather than the buyers and who earned higher commissions from selling more expensive homes.[*]The Clinton administration, which pushed for less stringent credit and downpayment requirements for working- and middle-class families.[*]Mortgage brokers,
who offered less-credit-worthy home buyers subprime, adjustable rate
loans with low initial payments, but exploding interest rates.[*]Former Federal Reserve chairman Alan Greenspan, who in 2004, near the peak of the housing bubble, encouraged Americans to take out adjustable rate mortgages.[*]Wall Street firms,
who paid too little attention to the quality of the risky loans that
they bundled into Mortgage Backed Securities (MBS), and issued bonds
using those securities as collateral.[*]The Bush administration, which failed to provide needed government oversight of the increasingly dicey mortgage-backed securities market.[*]An obscure accounting rule
called mark-to-market, which can have the paradoxical result of making
assets be worth less on paper than they are in reality during times of
panic.[*]Collective delusion,
or a belief on the part of all parties that home prices would keep
rising forever, no matter how high or how fast they had already gone up.</font>[/list]<font size="3"><font size="3"> <font size="3"> <font size="3"><font size="3"><font size="2">The
U.S. economy is enormously complicated. Screwing it up takes a great
deal of cooperation. Claiming that a single piece of legislation was
responsible for (or could have averted) is just political
grandstanding. We have no advice to offer on how best to solve the
financial crisis. But these sorts of partisan caricatures can only make
the task more diff</font>icult.</font></font></font></font></font>
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10-02-2008 01:59 PM
#44274
All-Pro
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10-02-2008 03:39 PM
#44275
All-Pro
Re: Asian giant for HC
This should be very interesting tonight , looking forward to it</P>
DB Cooper , any one think he actually made it?</P>
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10-02-2008 04:39 PM
#44276
All-Pro
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10-02-2008 08:23 PM
#44277
Moderator
Re: Asian giant for HC
haha BOR was ripping Barney Rubble LOL!!!
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10-02-2008 08:49 PM
#44278
Re: Asian giant for HC
Looking forward to this debate. I finally get to see how Palin holds up in a debate setting, and if Biden ends up saying something really stupid.
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10-02-2008 08:56 PM
#44279
Moderator
Re: Asian giant for HC
[quote user="Chopper"]Looking forward to this debate. I finally get to see how Palin holds up in a debate setting, and if Biden ends up saying something really stupid.
[/quote]
The time has finally come! Get yo popcorn ready!!!!!!!
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10-02-2008 09:02 PM
#44280
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