0
   

Post-Factual Stage of Dem Campaign

 
 
oralloy
 
  -1  
Reply Tue 4 Sep, 2012 03:58 am
@oralloy,
oralloy wrote:
MontereyJack wrote:
You want professional grammarians' amicus briefs that show Scalia is full of it? Here ya go (this isn't the actual brief they filed, obviously, it's a recap of their argument that they wrote for a general audience).

http://www.english.illinois.edu/-people-/faculty/debaron/essays/guns.pdf


Here is the actual brief:
http://www.gurapossessky.com/news/parker/documents/07-290tsacProfessorsOfLinguistics.pdf



I'm much more partial to this one:
http://www.gurapossessky.com/news/parker/documents/07290bsacinternationalscholarsreprint.pdf
Cool Cool Cool Cool Cool

(But then I'm a bit biased on that question.)



I'll review the brief of the linguistics professors in a little while (and also their general audience version), and see if they got anything wrong.



The amicus was not too bad. But the focus on grammar totally overlooks the fact that they wanted to achieve something with the first half of the Second Amendment:

The point of the first half of the Second Amendment is a demand that the government always have a militia.


The amicus got the meaning of both "keep" and "well regulated". That was refreshing.




The document prepared for general consumption was more problematic, as they tried to "explain" history, and in doing so listed a number of falsehoods.

Their claim that there was no individual interpretation of the Second Amendment (and no controversy) before 1960, is blatantly false.

How is it that the federal court struck down the NFA and set Miller free back in 1939?

Likewise, their claim that the UK limited arms to the upper class, and had a long history of oppressive gun regulations, is equally false.
0 Replies
 
oralloy
 
  -1  
Reply Tue 4 Sep, 2012 04:02 am
@MontereyJack,
MontereyJack wrote:
If you believe in original intent, as the conservatives say they do, and if you base your decisions on what you think the original intent was, and if what you think is original intent is not in fact what the people who wrote the original meant, because the language has changed, as it has, then what the words meant in 1792 is actually probably more relevant than lawyers, whose view of what truth is is extraordinarily pliable, depending on who their client is.


The original intent was to require the government to always have a militia, and to protect the right of militiamen to own advanced military weaponry and keep it at home.



MontereyJack wrote:
C. The Constitution doesn't require a militia.


The first half of the Second Amendment is a demand that the government always have a militia.



MontereyJack wrote:
It says a well-regulated militia is necessary


Yes. And it has legal force.



MontereyJack wrote:
Besides, we have a militia.


Some states have a militia, but they keep them unarmed. That violates the second half of the Second Amendment.

Other states don't have a militia. That violates the first half of the Second Amendment.



MontereyJack wrote:
Law defines the National Guard as it.


No. The National Guard does not come even close to being the militia.

First, the National Guard is part of the Army. The Militia is a completely separate body from the Army.

Second, the National Guard serves overseas. The Militia is limited to only three federal roles: repelling invasion, suppressing insurrection, and enforcing the law.

Third (and most important of all): Militiamen have the right to buy their own military weapons, and the right to keep them at home. Guardsmen do not own their own military weapons, and do not keep them at home.

Fourth, the Militia has officers appointed by the state governments. Are officers in the National Guard appointed by the states?



MontereyJack wrote:
Needs have changed, organizations have changed.


The Second Amendment has not changed. If you want to argue for holding to its true meaning, then you have to hold to its true meaning.

And that means setting up a proper system of armed militias in the US, letting militiamen buy their own automatic rifles, grenades/grenade launchers, and bazookas, and letting them keep them in their own homes.
0 Replies
 
oralloy
 
  -1  
Reply Tue 4 Sep, 2012 04:35 am
@MontereyJack,
MontereyJack wrote:
Oralloy wrote:
You've missed the fact that Wall Street owns Obama?


Actually it doesn't. Wall Street jointly exercises co-supervisory control over the Republican Party in alliance with Grover Norquist. Exept for James Inhofe. He's a wholly-owned syubsidiary of the oil industry. The Dems have somewhat more independence, and they'd damned well better exercise that soon, before Jamie Dimon and his inept ilk trash us again.


Wall Street gave an unprecedented amount of money to Obama in 2008.

When Wall Street tells Obama to jump, he asks how high. And then he waits for their permission before he lets gravity pull him back down.

No Republican has ever taken so much money from Wall Street.



MontereyJack wrote:
Yes, Obamacare originally was a beginner version of a single-payer system, with a government-run option for a Medicare-like system available to anyone of any age as an alternative to private insurance companies.


That is incorrect. The government option would have functioned just like an insurance company, with the insurance payouts being funded by people paying their insurance bills. The only difference is that the insurance company would have been run by the government instead of by insurance executives.

With a single payer system, the insurance payouts would be funded by the taxpayers.



MontereyJack wrote:
And, yes, the developed world does all use single-payer systems. There is a multiplicity of ways those systems are implemented, each country does it differently, but that's what they are


The term "single payer" refers to only one specific type out of those types of systems. It is used by Canada, Taiwan and South Korea.

Great Britain, Spain, most of Scandinavia, New Zealand, and Hong Kong use a different type of system.

Germany, France, Belgium, the Netherlands, Japan, and Switzerland use yet another type (this system is somewhat like Obama's plan, but is different in that the insurance companies are all not-for-profit).
0 Replies
 
oralloy
 
  -1  
Reply Tue 4 Sep, 2012 04:53 am
@MontereyJack,
MontereyJack wrote:
Oralloy, you're attempting to impose your own definition on how words were actually used for centuries, and you're flat wrong.


No, I am using actual proper definitions as they were originally meant to be used.

And I am going even further, by looking at the actual intent behind those words.



MontereyJack wrote:
Hunting is not martial. Self-defense is not martial when it's individual. The words were never used that way. They were talking about armies and uniforms and massed volleys and charging at the enemy and amred conflicts between governmental units.


They also talked about individual people defending themselves.



MontereyJack wrote:
Sorry, you're wrong.


Very unlikely that I have gotten any facts wrong here.
0 Replies
 
gungasnake
 
  0  
Reply Tue 4 Sep, 2012 05:43 am
@MontereyJack,
Quote:
And we've refuted your nonhistorical fantasies a number of times, gunga.


No you haven't. My statement on this topic has been sitting there for several weeks and I've even pinged the thing myself to make sure you guys had noticed it, and you have yet to even attempt a reply:

http://able2know.org/topic/195817-1

Quote:

.... It was the PRIVATE financial services industry which created the risky and opaque financial instruments like mortgage derivatives and credit default swaps. It was the PRIVATE financial industry which in a feeding frenzy started selling subprime mortgages to people they kKNEW were in no position to buy them, because they could then slice and dice the mortgages up into derivatives, which they marketed as very low risk, which they were not, to other PRIVATE buyers, ho then assumed the risk, while the original sellers took huge bonuses based on the dollar volume of the crap they sold. It was the PRIVATE financial industry which talked its shills, largely Republican, in Congress and regulatory agencies into lowering capital requirements and increasing the amount of leverage they could use, which let them run up huge debt, which couldn't be repaid and toppled the market like dominos.


All of that was at the command of congress, particularly Barney Frank and Chris Dodd and in fact your own beloved Eric Holder who has gone after Gibson Guitars for imaginary sins against Gaea and spent millions of dollars and hundreds of man years attempting to put Roger Clemens in prison for more bullshit, has declined to attempt to prosecute Goldman/Sachs as I have noted and this is because they know where the evidence trail would lead.

Again from the item I posted weeks ago:

Quote:
...Two major Congressional Chairmen could have prevented this collapse; Representative Barney Frank (D), chairman of the House Financial Services Committee and Senator Christopher Dodd (D) Chairman of the Senate Banking Committee. Between these two committees, these men have absolute regulatory control over America’s financial systems.

These men with purpose eviscerated well established banking regulations for the short term partisan purpose of power and appeasement for a vocal segment of their constituency. In doing so, Messrs Frank and Dodd ruined the dreams and aspirations of millions of people they were to help. They did so in a reckless manner with complete disregard of America’s best interest. Messrs Frank and Dodd, in collaboration with Acorn forced lending institutions to accept alternative methods for evaluating high risk home buyers, and permitted Fannie and Freddie to accept high risk mortgages, and then fraudulently rate those mortgages as investment grade securities.

Freddie Mac and Fannie Mae are GSE’s, government sponsored enterprises, and were originally developed to act as a secondary market to buy mortgage loans from local banks, which in turn would give banks more capital to invest in additional mortgages. This program gave responsible low income Americans with solid jobs and good credit, a hand up. Because of 1995 Clinton era legislative changes to the original Community Reinvestment Act (CRA), the definition of a subprime borrower was re-classified.

In very simple terms, Messrs Frank and Dodd made an abomination of the noble goal of increasing home ownership and embraced the “socialist concept of entitlement,” and embarked upon a program to give mortgages to low income high risk borrowers who have an almost certain probability of default. Under accepted Banking principles; should an individual with a poor credit history, a "sub-prime" borrower, want to obtain a mortgage, that individual would be required to have a 20-30% down payment and pay a much higher rate than a "prime" borrower. With the full approval and encouragement of Messrs. Frank and Dodd, Fannie Mae and Freddie Mac developed products that allowed the same "sub-prime" borrower to qualify for a mortgage with a much lower down payment and interest rate. Lenders felt comfortable giving mortgage loans to these borrowers with poor credit history because the ratings agencies, Standard & Poor's, Moody's and Fitch's gave these mortgages the same ratings as U.S. Treasury notes, backed by the full faith and credit of the US government.

To further their ideology, Messrs Frank and Dodd permitted Fannie Mae and Freddie Mac to purchase Alt A mortgages for low income borrowers. These high risk loans included; "No Income verification, no down payment, No employment verification, no asset or financial statement verification”. Just what part of no down payment, and no income verification did Messrs Frank and Dodd not comprehend as extremely risky?

Other examples of high risk loans include interest-only adjustable-rate mortgages (ARM), which allows the homeowner to pay just the interest (not principal) during an initial period. Or “a payment option” loan, in which the homeowner can pay a variable amount, but any interest not paid is added to the principal. Further, an estimated one-third of ARM’s originated between 2004 and 2006 had "teaser" rates below 4%, which then increased significantly after some initial period, as much as doubling the monthly payment.

With full knowledge of and approval by messrs Frank and Dodd, Fannie Mae and Freddie Mac bundled these high risk loans into mortgage back securities (MBS) and sold them as low risk, high quality investment grade products to American financial institutions such as Bear Stearns, Merrill lynch, Lehman Brothers, AIG, and others. These institutions repackaged these MBS’s into a variety of Collateralized Debt Obligations and other investment instruments which were sold to financial institutions worldwide. Because these products were purchased as low risk fully collateralized obligations, they were leveraged thru derivatives, and used as collateral for other financial instruments.

These fraudulently rated securities have now infected the entire world economy, and caused several European banks to fail. America's financial banking system use to be the gold standard for the world. In acts of egregious malfeasance, Messrs Frank, Dodd, in collaboration with Franklin Raines, the disgraced CEO Fannie Mae, and Acorn, along with like-minded members of their political party, tarnished America’s reputation throughout the world and brought the U.S. banking system, and economy to the precipice of disaster.

Messrs Frank and Dodd, with support of Democrats and Acorn drafted, passed and enforced draconian legislation which threatened lending institutions with punitive fines, class action suites, and racial quotas, which were enforced with the unlimited resources of the U.S. Government. In addition, this legislation also gave Acorn, and like organizations, the authority to stop bank mergers and otherwise interfere with the daily business operations of financial lending institutions. Many banks had to pay Acorn tens of millions of dollars, in what could arguably be called extortion money; the cost of which was passed through to their customers. Additionally ACORN, who had in the past employed Senator Obama during his Chicago Community Activist days, engaged in on site intimidation of bank customers and employees, through mass protests and invasion of facilities, with Countrywide Mortgage being one of many targets.

Faced with these tactics, many lending institutions made a business decision to develop business models that appeased Messrs Frank, Dodd, and ACORN. Lending institutions became mortgage originators and service providers, not underwriters, and processed high risk loans in mass through a 30 second Freddie/Fannie automated approval system. Country Wide Mortgage ingratiated themselves with Messrs Frank and Dodd, and became the largest seller of mortgages to these GSE’s. Countrywide Mortgage and other lenders, made their money by taking the spread between the actual mortgage amount and the discounted sale price on TRILLIONS of dollars worth of mortgages sold to Fannie and Freddie.

Messrs Frank and Dodd are educated men and have a substantial working knowledge of banking and finance. Both men failed in their fiduciary responsibility to the American people by knowingly permitting high risk mortgages to enter the American and world financial system through Fannie Mae and Freddie Mac.

Representative Frank (D) and Senator Dodd (D) received substantial political PAC money from Countrywide, Bank of America, (now the owner of Countrywide), Fannie Mae and Freddie Mac. Both Barney Frank and Chris Dodd were on the “Friends of Angelo list;” that is Angelo Molizo, president of Countrywide. Senator Dodd received and took “Special Rate” personal loans from Countrywide for his own use. Dodd’s reason for accepting multiple discount mortgages, “He thought the mortgages were just a courtesy”. While Senator Chris Dodd (D), with over 30 years of senatorial experience, was the largest recipient of Fannie and Freddie Pac money, Senator Obama (D), a junior senator, was the second largest recipient of Fannie and Freddie Pac money. Why?

Messrs Frank and Dodd received many warnings of impending financial disaster. As early as 1998, a study done by economists Professor Day and Professor Liebowitz, of the University of Texas, concluded that a reduction in mortgage underwriting standards would lead to a substantial foreclosure crisis. From 2001 through 2006, Greg Manwik chairman of President Bush’s council of economic advisors, Allan Greenspan, Chairman of the Federal Reserve and Secretary of the Treasury, Snow, warned Messrs Frank and Dodd again that Freddie and Fannie were in trouble, and a threat the stability of the U.S. Economy.

In 2005, President Bush tried to get Fannie and Freddie reform legislation through Congress and in 2006, Senator John McCain(R) co-signed new reform legislation, which could have prevented this mortgage meltdown. Each time Messrs Frank and Dodd, with the solid support of the Democrats in congress, killed the legislation. Representative Barney Frank’s response was, “They are worried about the “tiny little matter of safety and soundness, rather than concern about housing.”

Ironically, it was Congressman Barney Frank (D) and Senator Christopher Dodd (D) who draft the initial bailout bill of 2008, and Senator McCain (R) had to suspend his presidential campaign to help clean up this mess. Indeed, Congressman Frank (D), Senator Dodd(D), Senator McConnell(R), Senator Reid(D), and Speaker Nancy Pelosi(D) had an agreement in principle, with the white house and Secretary Paulson; as Senator McCain(R) arrived in Washington September 25th . That agreement was laden with hundreds of billions of dollars of pork, along with a provision which would have given Acorn and similar groups the first 20% of any profits made by the government on the resale of purchased assets, before any money would have been repaid to the U.S. treasury. That evening in a very contentious meeting with President Bush, the Democrats were disappointed and furious that House Minority leader Rep John Boehner (R), with Senator John McCain(R) Seating next to him, demanded that the pork and Acorn money be stripped out before the House Republicans house would sign on. 95 Democrats with 133 Republicans killed the bailout bill on it first pass. With the senate’s revision, which included an extension of taxpayer protection from the AMT and increase FDIC deposit insurance, the bill passed both chambers.

There were and are much better ways to expand home ownership, other than financially ruining this country, and dragging the world financial markets down with it. The simple fact is, that with the combined power of both the House Finance Committee, and the Senate Banking Committee, Messrs Frank and Dodd could have utilize the regulatory authority and oversight power they and their committees have and interceded on the bond ratings of the mortgages, and imposed sane mortgage underwriting standards on Fannie and Freddie. Better yet, they could have left the industry alone and let the banks continue the pre 1995 practice of prudent lending. Instead these men made every working American a de-facto co-signer for America’s low income mortgages; a fact that Americans are now painfully aware of.

Securities and Exchange Chairman Cox should have recognized the weakness of these securities, but with the corrupt political power and influence Fannie and Freddie had on Messrs Frank and Dodd. It is doubtful he could have on his own downgraded the bond rating of the bundled securities Fannie and Freddie were selling to Wall Street.

America has now had it first taste of unbridled socialist economics, where government interferes with sound free market banking principals, for social engineering. Where men give according to their means and receive according to their needs. This philosophy has always failed. Now millions of Americans, and men and women around the world will suffer for Rep Frank (D) and Senator Dodd’s (D) selfish, self serving motives of putting party first and buying votes. We also have ACORN engaging in mass voter fraud registrations.

Whether you are a Democrat or Republican, you did not sign on for congressional malfeasance, or abuse of the democratic process. Americans should be mad as hell, and we have 700 billion reasons why. We should not ask, but demand that our Representatives and Senators hold Rep Barney Frank(D) and Senator Dodd(D) accountable for the damage they have done to this country, and we should carefully evaluate which presidential team can best excise this corruption from America’s political system.
0 Replies
 
MontereyJack
 
  2  
Reply Tue 4 Sep, 2012 09:29 am
Total bullshit. Private financial institutions wrote bad mortgages which they sold to other private financial institutions and badly overlevberaged themselves. The government never entered into those transactions, and never forced them to take place. It was entirely in the private sectore, originated and sold, that brought down the economy. The private sector convinced themnselves they were virtually riskfree, and what risk there was could be put onto the buyers, not the sellers. The instruments they were creasting were pretty much totally nonregulated by government, and they're still kicking and screaming that any regulation of their products would stifle economic development. Which is why we've had the recent crashes and scandals. Look at where the crashes were, and who got wiped out. It was in the PRIVATE sector, derivatives and other financial instruments ORIGINATED BY THE PRIVATE SECTOR AND SOLD TO THE PRIVATE SECTOR. fannie and Freddie got sucked in because, pushed by their PRIVATE stockholders they tried to cash in on the huge cash cow that the PRIVATE sector had invented and had been making huge, illusory profits on for the last four or five years. The PRIVATE sector had already built the tsunami that was going to wash over them in a couple of years.

Yea, we might not have answered you. That was because ican and okie and all the other posters who endlessly repeat the same fallacious right-wing memes had already been refuted for three years, over and over again. When you started repeating the same crap, you were three years late. How many times do we have to repeat the same thing. Just goes to show that no bad idea ever dies on the internet. Get up to speed, gunga, rather than lagging the pack, and your arguments will be rebutted quickly.
OmSigDAVID
 
  1  
Reply Tue 4 Sep, 2012 10:19 am
@oralloy,
This looks like FUN,
but I need to haul together the energy to address it, here.
I will not do it all at once.



MontereyJack wrote:
You're the one in fantasy land David, always have been.
I accept that as being an ad hominem remark,
based upon your abhorrence of Individual freedom
and your lust to exalt the jurisdiction of governmental bullying.





MontereyJack wrote:
Your vision of an armed society is a dystopia starting to happen,
and you just don't realize it.
It is restoration of the status quo ante, Jack;
the way it was before existence of police forces, which did NOT exist
anywhere in the USA, in the 17OOs (when the Bill of Rights was enacted, 1791).
In regard to what I "realize", Jack: I have posted many threads
exulting in the progressively increasing prosperity of gun stores thru out America,
and especially among the ladies of America.







MontereyJack wrote:
As Johnson was regarded by his contemporaries as head, shoulders, and torso
above anything anyone else produced, and as he in fact defines "arms", this is his entire definition:
1. Weapons of offence or armour of defence. Pop.
2. A state of hostility. Shakespear
3. War in general. Dryden
4. Action: the act of taking arms. Milton.
5. The ensigns armorial of a family.
I accept these definitions
as applying to the 2nd Amendment for Individual defensive armament,
except for the last definition, or for war waged by individual citizens
who have chosen to organize themselves into private militia ("well regulated militia" like volunteer fire dept.s),
as distinct from the selected militia of Article 1 Section 8, subsections 15 & 16, who were public militia.
I am sure that the passengers on United Air Lines Flite 93
did not turn their thoughts to "militia" on 9/11/1, but thay created
a de facto militia, well-regulated, in that it
remained completely untainted by any influence of government.
The same was true of the merchants' militia that sprung up sua sponte
to defend their property when the police refused to do so, during race riots.






MontereyJack wrote:
You will note these all pertain to martial matters
(with of course the exception of 5, which is again heraldry and irrelevant to the 2nd amendment)
This includes personal defense, e.g., from robbers, dogs, cougars or Indians.


MontereyJack wrote:
Self defense is a martial matter.
Yes. It can be (and has been) either individual or collective defense.



MontereyJack wrote:
"Arms" referred to MILITARY matters when it was used then.
"Arms" means and then meant guns, ammo and bladed weapons; no mystery.
Thay are and were carried by individual citizens (no police existed)
and also by soldiers. Indeed, the courts have accurately interpreted
the 2nd Amendment as protecting civilian possession of "ordinary militiary equipment."
Qua what arms the people have rights to keep and bear,
the US Supreme Court said in US v. MILLER 3O7 US 174 (1939)
that they should be "ordinary military equipment ... AYMETTE v. STATE 2 Hump. [21 Tenn] 154, 158."
The AYMETTE case, which the Supreme Court approvingly adopted declares:
"the arms, the right to keep which is secured, are such as are usually employed in civilized warfare,
and that constitute ordinary military equipment. If the citizens have these arms in their hands,
they are prepared in the best possible manner to repel any encroachments on their rights."





MontereyJack wrote:
For comparison, here's the Oxford Universal English Dictionary on Historical Principles, Oxford University Press, 1937, now regarded as the standard of dictionaries. Before the revisionists started creating their own non-historical fantasies about terms

Arms 1., pl. Things used in fighting....2.Instruments of offense used in war; weapons
Stand of arms: a complete set for one soldier
Man of arms, later man-at-arms: one practiced in war; a fully-armed knight.

and finally (emphasis theirs):
To bear arms:To serve as a soldier.

Now that's the historic usage of the term, as defined by the experts in the English language, based on historical references. Which is consistent with Johnson's contemporaneous definition of the term from the constititutional period.






MontereyJack wrote:
Self defense falls under "fighting".
This is all fully consistent with personal defense,
carrying personal weapons as u carry your wallet & your watch; no visible problem, Jack.






MontereyJack wrote:
Arms and bearing arms referred to military contexts, not to hunting or personal use.
I will agree that the 2nd Amendment was not intended to protect sports,
except as incidental to raising proficiency in personal defense
or militia use defense, but it most certainly WAS intended to
disable government from interfering with a citizen 's right to
possess and to bear his or her personal armament, and the USSC
has ruled in favor of this liberty in MILLER (1939), in HELLER (2OO8)
and in McDONALD (2O1O).






MontereyJack wrote:
Which is why the second amendment means what it clearly says it means.
It's talking about militias and arms for militias, and that's it.
It is the individual citizens carrying the same weapons as members of militia; i.e., guns & swords.

Jack, your strategic argument is to put on blinders
and then claim that there is nothing to see,
in your blinded condition; that is foolishness.







MontereyJack wrote:
Specifically, it says that the government is required to have a militia, and militiamen have the right to own advanced military weaponry, and the right to keep it in their own homes.

Since you are so gung ho on defending that meaning, how come you never have any complaints over the government violating it???
NO. The GOVERNMENT militia is set forth in Article I Section 8, subsections 15 & 16, whereas the militia of the
2nd Amendment is "well regulated"; if anything, it is ANTI-government militia composed of private citizens.
I am reminded of the creation of a police dept. in NYC in 1845.
A second police dept. was soon also created and it actually went to war
with the first one on the steps of City Hall, and arrested Mayor Wood.




MontereyJack wrote:
It's NOT talking about personal use of guns for self-defense.
It's NOT talking about guns for hunting.
It's silent about any supposed rights for those uses.
That is like arguing that laws requiring the use of seatbelts in cars do not mention SAFETY;
maybe thay don't, but it is clearly implied n understood by everyone.
In Colonial Times, there were laws requiring everyone to carry guns to Church;
apparently, thay were losing too many Christians along the way.
Being unarmed was deemed irresponsible and indecent.
I admit that the 2nd Amendment was not intended to protect hunting,
but it WAS intended simply to make it clear that government was naked
of jurisdiction to interfere with possession of defensive guns.



MontereyJack wrote:
As Heller continues to throw civil society in the crapper, hopefully they'll reallize their mistake with it sooner.
U can HOPE whatever u want.

0 Replies
 
gungasnake
 
  -1  
Reply Tue 4 Sep, 2012 01:08 pm
@MontereyJack,
Quote:
Total bullshit. Private financial institutions wrote bad mortgages which they sold to other private financial institutions and badly overlevberaged themselves. The government never entered into those transactions, and never forced them to take place....


In that case, why is not Eric Holder and the United States justice dept. prosecuting Goldman Sachs and everybody else involved???

?????????????????????????????????????????????????????????

parados
 
  3  
Reply Tue 4 Sep, 2012 04:29 pm
@gungasnake,
Because they weren't ILLEGAL under the Bush regulation scheme.
0 Replies
 
MontereyJack
 
  3  
Reply Tue 4 Sep, 2012 05:50 pm
Parados is right. It's perfectly legal to sell unregulated financial instruments with extraordinarily high risk which virtually no one realized. It's perfectly legal to pay yourself multi-million dollar bonuses while your clients who bought the crap you sold them lost multi-billions on it. Wall Street takes care of its own, and only its own. Certainly not the rest of us. They don't care if the world's economy melts down, as long as they get their 10 or 20 or 100 million dollar bonuses every year. And they did. Thank you rRepublican ideologues for your years of preaching the deregulation mantra. And now they;re pouring millions into super_PACs to try to convince us Mitt Romney the Vulture Capitalist (copyright, Newt Gingrich), he of the dubious tax shelters, can save us. Fat chance.
0 Replies
 
gungasnake
 
  -1  
Reply Tue 4 Sep, 2012 06:50 pm
http://nicedeb.wordpress.com/2008/09/21/the-white-house-warned-congress-about-fannie-mae-freddie-mac-17-times-in-2008-alone/

http://online.wsj.com/article/SB123137220550562585.html

http://mypetjawa.mu.nu/archives/194136.php

http://usgovinfo.about.com/b/2008/10/12/bush-says-he-warned-of-fannie-freddie-meltdown.htm

http://georgewbush-whitehouse.archives.gov/news/releases/2008/10/20081009-10.html


parados
 
  2  
Reply Wed 5 Sep, 2012 06:12 am
@gungasnake,
Gee.. to use YOUR logic gunga.... why has no one been charged with a crime in Fannie and Freddie?
0 Replies
 
 

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