by Tanada » Tue 30 Sep 2008, 22:19:28
Nice to see my research into what percipitated this mess being validated, thanx Shanny.
I really get PO'd (and I don't mean peak oiled) every time Chris Dodd and Barney Frank open their mouths to blame someone else. They are the chairmen of the Senate and House banking commitees fer crying out loud, they were suppossed to preform oversight duties and prevent this trainwreck. Now they have the gall to stand there *ick in hand and say we need MORE regulation! If these dudnerheads had been doing their job then Fannie Mae and Freddie Mac wouldn't have gone down the tubes and set off this latest string of disasters. They go on and on and on about '8 years of the Bush economy' when for 3 of those 8 years they had controll of the Senate and 2 of those years controll of the house. In case people forgot or never learned it the CONGRESS sets federal spending and taxing policy, not the President. They also confirm the Federal Reserve board members, you know like Helicopter Ben Bernanke....
$this->bbcode_second_pass_quote('Alfred Tennyson', 'W')e are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.