Posts Tagged ‘Finance’

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What really happened at the White House?

September 28, 2008

Do you want to read about what really happened the other day at the white house?

I was really surprised to hear right after the meeting on all the news channels that McCain screwed the whole thing up. He wasn’t willing to make concessions that would allow it to go forward and was hindering progress. He should have never come to Washington.

Anyhow, Rush Limbaugh was equally perplexed by the meeting and called a friend to find out what really happened. Read the story here.

http://www.rushlimbaugh.com/home/daily/site_092608/content/01125107.guest.html

In summary, Paulsen, Reed and Pelosi deferred to Obama (so he could look presidential) and the first thing he did was start ripping the Republicans for presenting a second plan [option]. Don’t forget the Treasury Secretary [Paulsen] was the former CEO of Goldman Sachs and a Democrat. Story short, Obama’s lack of ability to negotiate ruined the entire meeting and the attacks on the news were damage control to make it look like McCains fault.

Read about his conflict of interst here:http://en.wikipedia.org/wiki/Hank_Paulson

Again, don’t believe everything you hear on TV.

You later hear Obama say that he has done better when people keep him in the loop over the phone. (That’s because he sucks at being in charge in person.)

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Who’s fault is it?

September 18, 2008

http://www.wnd.com/index.php?fa=PAGE.view&pageId=75586

Obama took $126,349 from Freddie and Fannie since 2004. What? But, Obama is out to blame Bush and the Republican party for the failure of these two giant companies? Does this seem right to you?

In 2005 McCain tried to regulate these giants in the mortgage industry: “For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac – known as government-sponsored entities or GSEs – and the sheer magnitude of these companies and the role they play in the housing market,” Read about it here: http://www.govtrack.us/congress/record.xpd?id=109-s20060525-16&bill=s109-190

Previously Freddie and Fannie had had a 10.6 Billion dollar scandal and were fined 3.8 Billion for Election Fraud.

But, No, No, Obama the Great says it is George Bush’s fault they failed.

In 2006 they paid out 1.3 million in political contributions… So far this year, they have paid out 1.1 million (56% going to Democrats). But no, it’s George Bush’s fault the companies failed. Doesn’t make sense to me.

It’s just like Congress and the Senate to point the finger at anyone but themselves…. Didn’t I hear recently that they have a 9% approval rating? Stated above are some obvious reasons why! They cause all the problems and take NONE OF THE BLAME!

What a bunch of idiots!

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What a joke! Who and what is too big to fail now?

September 18, 2008

How did we get to the point where our FEDERAL Government has to buy 3 of the largest institutions in America? [Freddy, Fannie, AIG] What is next, they will buy out GM or Ford, or Delta because they are too big to fail? At what point does the Government stop assuming control of private entities? Possibly once they own every entity… even Mikes Bakery?

What we are seeing is a joke… and they are doing it right in front of our eyes!