March 04, 2012
— andy This guy kind of liked you people. Or so I hear.
(h/t @StarChamberMaid)
(and, yes, that's the HQ he's reading on his iPad)
Posted by: andy at
03:43 AM
| Comments (230)
Post contains 33 words, total size 1 kb.
Posted by: Andy at March 04, 2012 03:47 AM (XG+Mn)
Also before moving on to the news let me remind the Morons that there will be no Monty book thread today as he is on sabbatical.
Posted by: Vic at March 04, 2012 03:59 AM (YdQQY)
http://is.gd/OysebQ
Posted by: Vic at March 04, 2012 03:59 AM (YdQQY)
http://is.gd/WZV5ai
Posted by: Vic at March 04, 2012 03:59 AM (YdQQY)
http://is.gd/Y8AKiW
The "mom" and boyfriend lock 3 y.o. girl and younger sister in bedroom with window open while it was -30° outside. The 3 y.o. died of hypothermia. The 3 y.o. was guilt of wetting her bed. Well, I guess she will not do that anymore.
Who can say that pure evil does not exist in this world?
http://is.gd/py9ea8
Posted by: Vic at March 04, 2012 04:00 AM (YdQQY)
Posted by: rickl supports SMOD/Supervolcano 2012 at March 04, 2012 04:00 AM (sdi6R)
http://is.gd/MgizlQ
Posted by: Vic at March 04, 2012 04:00 AM (YdQQY)
http://is.gd/W2UPf0
Posted by: Vic at March 04, 2012 04:00 AM (YdQQY)
I know in the past everyone considered it OK to get out on the lakes and rivers and drink while fishing and boating, hell I have done it myself. In the past most of the time people were doing that in a John Boat that never got above 5 mph so you were not too much of a danger to others. But with all the new watercraft, some of which will easily do 70 mph it becomes quite dangerous.
Note also in this story the paragraph about some who wanted more regulations for "training" and lower "speed limits", neither one of which had anything to do with this accident. This is how crap laws get passed. Luckily the State legislature was able to avoid that this time.
http://is.gd/sF1gtm
Posted by: Vic at March 04, 2012 04:01 AM (YdQQY)
Posted by: In Exile at March 04, 2012 04:01 AM (MXlJS)
Posted by: USA at March 04, 2012 04:01 AM (6Cjut)
Sometimes the insanity is just breathtaking. How about get rid of the corrupt CRA laws, that would reduce foreclosure even better and it would not drive anyone into bankruptcy? This was a typical CRA type no money down load made to some one who was already on probation for bankruptcy fraud. In 1981 when I bought my house this fellow would have been laughed out of the bank when he applied for a $1.29 Million dollar loan with no perceived source of income.
But trashing CRA will not happen as long as the communists drive congress and the Republicans are afraid of the race card.
http://is.gd/5oSmTD
Posted by: Vic at March 04, 2012 04:01 AM (YdQQY)
http://is.gd/FfsMSB
Posted by: Vic at March 04, 2012 04:01 AM (YdQQY)
Quote:
In a new book out this week, Sen. James Inhofe (R-OK) traces the history of global warming hysteria and concludes it's a downright hoax. He also reveals how climate-change champions are benefiting financially by promoting the idea.
End quote
Sorry congressman, I have to disagree. A hoax is a humorous joke. When a complicated plot is hatched using false testimony and number to benefit financially and politically it is not a humorous joke, it is fraud. The perps should go to jail.
http://is.gd/yDWNUN
Posted by: Vic at March 04, 2012 04:02 AM (YdQQY)
http://is.gd/kHKkKe
Posted by: Vic at March 04, 2012 04:02 AM (YdQQY)
Posted by: In Exile at March 04, 2012 04:04 AM (MXlJS)
Posted by: In Exile at March 04, 2012 04:10 AM (MXlJS)
Posted by: In Exile at March 04, 2012 04:12 AM (MXlJS)
Blaming the CRA for the real estate collapse is a sucker's bet and libs have learned to invoke the fact that the vast majority of bad loans were not from companies under CRA jurisdiction. This is a dodge that avoid the reality of how the threat of CRA imposition was wielded against banks and other loan makers to get them to loosen their standards. Thus there was compliance with no direct intervention, just an implied threat.
Likewise, once the MBS racket went berserk, the CRA threat was a convenient means for a loan maker to explain why they were giving loans to plainly unqualified people but the real motivation was to keep feeding the voracious MBS east.
Posted by: epobirs at March 04, 2012 04:18 AM (kcfmt)
Imagine my confusion when I started trying to catch up on the current science news and everything was about global WARMING. I couldn't figure it out, particularly when they were using the exact same excuses for the cause of the warming (carbon emissions from power plants and autos) as they had used for the cooling! I felt like I was losing my mind.
Now here is my question: Was this just some sort of lemming-like, get-on-the-bandwagon craze begun by a couple of grad students, or did enemies of the West actively hatch this plot with the idea of crippling us while advancing their own countries and making money from the scam?
Was there a meeting in some little chalet in Zurich where Gore, Soros, and a Chinese government official decided this was a swell way to gain cash and market advantage? I sure would like to know!
Posted by: Miss Marple at March 04, 2012 04:21 AM (GoIUi)
Posted by: Miss Marple at March 04, 2012 04:23 AM (GoIUi)
Prayers and sincere condolences, In Exile. Very sorry for you and your family's loss.
Posted by: Blacksheep at March 04, 2012 04:25 AM (TpvWF)
--------------------------------
That falls apart even more when you read the regulations and interpretations issued by the banking regulators regarding CRA. This case would have been a prime example. You could not use previous credit history or lack of a job to judge creditworthiness.
Posted by: Vic at March 04, 2012 04:28 AM (YdQQY)
Posted by: USA at March 04, 2012 04:29 AM (6Cjut)
Maybe just a shift in scary stories because the cooling disaster wasn't happening? Like how we've already moved on from warming to climate change because the superheating wasn't occurring fast enough ... just like we didn't all die from SARS / AIDS / Y2K, avian flu, etc., etc., etc., so there's always something else right around the corner ... the libs always have to have something to scare the public with so they can "raise awareness," "be proactive," and "make a difference" in the world around them - in other words, get research grants, drink for free at government-sponsored boondoggles, and further delay having to do any real, valuable work.
Posted by: Blacksheep at March 04, 2012 04:32 AM (TpvWF)
Posted by: In Exile at March 04, 2012 04:33 AM (MXlJS)
---------------------------
The history of this scam is long an ugly. It started with two crackpot British "scientists" that everyone considered loons until Margaret Thatcher latched on to them. Every time a meeting of all the Western powers was held to discuss economic issue (G-8 etc) she would harp on this subject.
Finally in order to try to appease her Ronald Reagan recommended that they turn the issue over to the UN and a panel of scientists to "study". Of course by the time the scietists were formed the UN had been taken over by third world commiecrats and thugs.
They saw this as a way to extort money from the West and away it went. Following that came scam artists like Al Gore who saw a way to make a name and fortune for himself by promoting the fraud. \
What was simply amazing is that Western government, including the United States climbed on board with this thing despite the science being more flimsy than a dry cleaners plastic cover. Dems I can understand, but even a lot of Republicans jumped on this POS.
Posted by: Vic at March 04, 2012 04:34 AM (YdQQY)
Posted by: In Exile at March 04, 2012 04:34 AM (MXlJS)
Posted by: Vic at March 04, 2012 04:37 AM (YdQQY)
Posted by: In Exile at March 04, 2012 04:39 AM (MXlJS)
More proof the "stimulus" was a skush fund:
More than half of PennDOT's $1 billion in federal stimulus aid went to 20 Pennsylvania companies whose executives donated about $900,000 to state and federal politicians, a Tribune-Review analysis of campaign and contract records shows.
The 20 firms received the most money from PennDOT's stimulus share to perform bridge rehabilitation, road resurfacing and highway expansion projects. The value of each company's package of contracts ranged from $17 million to $67 million. PennDOT considers 70 of 115 companies' projects to be complete.
Pennsylvania received $33.8 billion from the stimulus.
Collectively, executives and rank-and-file employees from the firms gave at least $918,100 to campaigns from 2008 to 2011, before and after President Obama and Congress approved the $840 billion American Recovery and Reinvestment Act of 2009. Some donated as much as $246,400. Others gave as little as $1,000.
Company leaders and transportation officials say there's no connection between donations and contracts. But critics are troubled by the fact that employees from every one of the 20 companies donated some amount to campaigns.
http://tinyurl.com/6n3do6n
Posted by: Ed Anger - Certified Kos Kid at March 04, 2012 04:41 AM (7+pP9)
From the article: The mother, 28-year-old elementary teacher
Nice.
Posted by: JJ at March 04, 2012 04:45 AM (ll7nZ)
Posted by: In Exile at March 04, 2012 04:45 AM (MXlJS)
Posted by: CoolCzech at March 04, 2012 04:46 AM (niZvt)
---------------------------------
The "American System" is still alive and well, and thriving. Especially when Dems are in power.
Posted by: Vic at March 04, 2012 04:48 AM (YdQQY)
Posted by: ScottyE_FL at March 04, 2012 04:51 AM (jN+fS)
He is doing it via pure executive fiat knowing that the yellow dogs in Congress will do nothing.
Posted by: Vic at March 04, 2012 04:52 AM (YdQQY)
Posted by: Cthluthu at March 04, 2012 04:53 AM (AH8RI)
Posted by: In Exile at March 04, 2012 04:53 AM (MXlJS)
Posted by: In Exile at March 04, 2012 04:54 AM (MXlJS)
-----------------------------
The so-called red-lining study was found to be totally bogus almost immediately after it was released. Despite that the Democrats who controlled all three branches of government at the time used it and went full steam ahead.
The Republicans never had the balls to challenge the CBC and get rid of it. AND to this day still will not do it.
Posted by: Vic at March 04, 2012 04:55 AM (YdQQY)
Even the GSE's had FICO minimums. It was the voracious private MBS market that went ape-shit on pushing bad paper. (see Contrywide, WaMu, IndyMac, --- the feeders to Lehman, Bear, and Merrill)
Posted by: Clarence at March 04, 2012 04:56 AM (z0HdK)
Tomorrow at around 1:00PM Eastern and 10:00 AM Pacific ALL Breitbart websites will relaunch with a completely different look, new tools, interactivity on an all new level and a COMPLETELY NEW COMMENT SYSTEM!!
Larry O'conner described the new format as a "weapon for conservatives" to respond to all of the leftist BS.
You will need to create a new profile for the new comment system, Intense Debate is outta here!
Spread the word to one and all,
Posted by: not really here at March 04, 2012 04:56 AM (d3No7)
An update on the Fattah fiasco:
The son of U.S. Rep. Chaka Fattah tried hard to keep up the image of a rising young entrepreneur, talking about his work for high-living clients and moving in to the luxurious Residences at the Ritz-Carlton in Center City.
But behind the facade, Chaka Fattah Jr.'s troubles were rising. Taxes went unpaid, checks started bouncing, and loan officers began calling about missed payments on a $50,000 loan, according to records and interviews.
And the FBI was secretly digging into his finances - even recording his conversations as he talked about his work as a budding political consultant.
Fattah Jr.'s image crumbled for good on Wednesday, when agents raided the Ritz-Carlton apartment and Fattah Jr.'s space at a law office, seizing a computer and records.
Agents are now asking about Fattah Jr.'s ties with politicians - including his father, Chaka Sr., the ranking Democrat on the House Appropriations Committee.
And they want to know what he did for David T. Shulick, a lawyer and owner of a for-profit education company that receives millions in contracts from the Philadelphia School District and other area schools to educate students with disciplinary problems or those at risk of dropping out.
The FBI also wants to know what happened to American Express gift cards that Fattah Jr. discussed on one of the tapes, according to interviews of two people who heard them. The cards were apparently purchased with at least $7,000 drawn on a school company check that Fattah Jr. cashed, Shulick said.
http://tinyurl.com/7x488v8
Posted by: Ed Anger - Certified Kos Kid at March 04, 2012 04:56 AM (7+pP9)
Posted by: In Exile at March 04, 2012 04:57 AM (MXlJS)
I wrote a long report on those letters for a post over at Townhall after the initial collapse.
Posted by: Vic at March 04, 2012 04:57 AM (YdQQY)
Posted by: CoolCzech at March 04, 2012 05:00 AM (niZvt)
Posted by: Professor Oilfields Amazing Reverse Unit at March 04, 2012 05:00 AM (SiOVz)
The CRA never "forced" a bank to lower credit standards ...
Klarence the Klown:
The Boston Federal Reserve created a bogus study that was forced upon the banking community as loan standards.
You're such a 'tard!
Posted by: Ed Anger - Certified Kos Kid at March 04, 2012 05:01 AM (7+pP9)
No one in Congress gives a fuck about the CRA. Its a toothless law.
Posted by: Clarence at March 04, 2012 05:03 AM (z0HdK)
Posted by: Vic at March 04, 2012 05:05 AM (YdQQY)
Posted by: In Exile at March 04, 2012 05:05 AM (MXlJS)
Posted by: CoolCzech at March 04, 2012 05:06 AM (niZvt)
Posted by: Benson at March 04, 2012 05:06 AM (qzcNU)
She apparently went to Georgetown for the purpose of embarrassing the church in some feminazi extravaganza. However, there are still retards on the rush thread below defending her honor. Unreal.
Posted by: dagny who loved andrew at March 04, 2012 05:08 AM (u50z0)
When the Berlin Wall fell, all the Commies became "Green". That's why they are called "Watermelons" : Green on the outside, red in the center.
Posted by: Jimbo at March 04, 2012 05:09 AM (O3R/2)
Posted by: Sub-Tard at March 04, 2012 05:10 AM (ursbV)
Posted by: ScottyE_FL at March 04, 2012 05:10 AM (jN+fS)
Posted by: In Exile at March 04, 2012 05:10 AM (MXlJS)
Btw, Ailes is continuing his assault on conservatism by having Goober Graham on to discuss the Iran situation on FNS as the "spokesman representing the Right". Fair and Balanced don'tchaknow.
Posted by: Captain Hate at March 04, 2012 05:13 AM (2MV7C)
Posted by: Dave Doyle at March 04, 2012 05:14 AM (EgHYq)
------------------------
The real impact of CRA can be seen in that Washington Post article. The guy was an 'entrepreneur" with no visible job. He had been convicted already of bankruptcy fraud and had no visible means of income other than rolling houses in a rising market.
Yet despite all of that he was able to get a $1.29M loan. And on top of that he has been able to game the system for five years not paying a single payment.
Meanwhile the bank, and its investors are out $1.29M that this guy literally stole from them.
But that is all fine with the libtard commies.
Posted by: Vic at March 04, 2012 05:16 AM (YdQQY)
Facebook is facilitating modern mob rule. All because some computer nerd could get a piece of ass.
Posted by: sTevo at March 04, 2012 05:17 AM (VMcEw)
Posted by: EROWMER at March 04, 2012 05:17 AM (sIm3i)
"Bank of America Corp., the biggest U.S. lender by assets, paid $2.8 billion to Freddie Mac and Fannie Mae after the U.S.-owned firms demanded the company buy back mortgages they said were based on faulty data. The bank rose as much as 5.6 percent in New York trading."
Posted by: Clarence at March 04, 2012 05:18 AM (z0HdK)
My brother and I stayed too late one night catching bunches of perch. Couldn't see the dock against the shoreline coming back. I blame Labatts, it was in Ontario.
Posted by: DaveA at March 04, 2012 05:19 AM (r8deX)
Klarence needs a bite from a reality sammich:
Quoting from a study which declared that "underwriting guidelines�may be unintentionally racially biased," the Boston Fed then called for what amounted to undermining many of the lending criteria that banks had used for decades. It told banks they should consider junking the industry's traditional debt-to-income ratio, which lenders used to determine whether an applicant's income was sufficient to cover housing costs plus loan payments. It instructed banks that an applicant's "lack of credit history should not be seen as a negative factor" in obtaining a mortgage, even though a mortgage is the biggest financial obligation most individuals will undertake in life. In cases where applicants had bad credit (as opposed to no credit), the Boston Fed told banks to "consider extenuating circumstances" that might still make the borrower creditworthy. When applicants didn't have enough savings to make a down payment, the Boston Fed urged banks to allow loans from nonprofits or government assistance agencies to count toward a down payment, even though banks had traditionally disallowed such sources because applicants who have little of their own savings invested in a home are more likely to walk away from a loan when they have trouble paying.
Of course, the new federal standards couldn't just apply to minorities. If they could pay back loans under these terms, then so could the majority of loan applicants. Quickly, in other words, these became the new standards in the industry. In 1999, the New York Times reported that Fannie Mae and Freddie Mac were easing credit requirements for mortgages it purchased from lenders, and as the housing market boomed, banks embraced these new standards with a vengeance. Between 2004 and 2007, Fannie Mae and Freddie Mac became the biggest purchasers of subprime mortgages from all kinds of applicants, white and minority, and most of these loans were based on the lending standards promoted by the government.
http://tinyurl.com/72z3t25
Posted by: Ed Anger - Certified Kos Kid at March 04, 2012 05:19 AM (7+pP9)
Posted by: baroness at March 04, 2012 05:19 AM (mg/bS)
------------------------------
I know what you mean. I will no longer go out on a large lake in a Jon Boat anymore. It is damn dangerous.
We used to have a foreman who still went out fishing in a Jon Boat on one of the local lakes. He always took a pistol with him and when the fast boats started coming at him he would whip out the pistol.
I figured if we had to get to that fishing on the lake wasn't worth it.
Posted by: Vic at March 04, 2012 05:20 AM (YdQQY)
I have discovered more about AB in the past three days than I ever thought possible. He was a conservative dynamo, and more than a little bit responsible for the rise of conservative Interwebs sites. He was a true mover and shaker for us on the right. I never knew just how many people he introduced to other people in the blogosphere.
I got the "AB is Here" image from BigFurHat over at IOTW this morning and posted it on the sidebar over at my place. Now I just need to order a T-shirt and I'm set for a while.
There is much to be done, but an army of Andrews cannot be stopped.
Posted by: BackwardsBoy at March 04, 2012 05:21 AM (d0Tfm)
Posted by: backhoe, Hobbit tea-roar-ist of Doom at March 04, 2012 05:21 AM (QROim)
Posted by: CoolCzech at March 04, 2012 05:22 AM (niZvt)
Posted by: Captain Hate at March 04, 2012 05:23 AM (2MV7C)
Posted by: Avi at March 04, 2012 05:24 AM (J3gb4)
Posted by: ScottyE_FL at March 04, 2012 05:25 AM (jN+fS)
Posted by: Avi at March 04, 2012 05:26 AM (J3gb4)
Posted by: Captain Hate at March 04, 2012 05:28 AM (2MV7C)
Most of it is from"Countrywide" which the government forced BOA to purchase. But the average person in the public will never hear about that from the MFM.
Posted by: Vic at March 04, 2012 05:28 AM (YdQQY)
Posted by: Captain Hate at March 04, 2012 09:28 AM (2MV7C)
--------------------------
None have indicated that they will.
Posted by: Vic at March 04, 2012 05:29 AM (YdQQY)
Posted by: phoenixgirl, rip andrew at March 04, 2012 05:29 AM (Ho2rs)
More for the Klown:
Many defenders of the government's efforts to prompt banks to lend more to minorities have claimed that this effort had little to do with the present mortgage mess. Specifically they point out that many institutions that made subprime mortgages during the market bubble weren't even banks subject to the Community Reinvestment Act, the main vehicle that the feds used to cajole banks to loosen their lending.
But this defense misses the point. In order to push banks to lend more to minority borrowers, advocates like the Boston Fed put forward an entire new set of lending standards and explained to the industry just why loans based on these slacker standards were somehow safer than the industry previously thought. These justifications became the basis for a whole new set of values (or lack of values), as no-down payment loans and loans to people with poor credit history or to those who were already loaded up with debt became more common throughout the entire industry.
What happened in the mortgage industry is an example of how, in trying to eliminate discrimination from our society, we turned logic on its head. Instead of nobly trying to ensure equality of opportunity for everyone, many civil rights advocates tried to use the government to ensure equality of outcomes for everyone in the housing market. And so when faced with the idea that minorities weren't getting approved for enough mortgages because they didn't measure up as often to lending standards, the advocates told us that the standards must be discriminatory and needed to be junked. When lenders did that, we made heroes out of those who led the way, like Angelo Mozilo, before we made villains of them.
Now we all have to pay.
http://tinyurl.com/72z3t25
Posted by: Ed Anger - Certified Kos Kid at March 04, 2012 05:29 AM (7+pP9)
Posted by: ScottyE_FL at March 04, 2012 05:30 AM (jN+fS)
Posted by: phoenixgirl, rip andrew at March 04, 2012 05:31 AM (Ho2rs)
Posted by: phoenixgirl, rip andrew at March 04, 2012 05:33 AM (Ho2rs)
Posted by: Polliwog at March 04, 2012 05:33 AM (zmm1+)
Posted by: ScottyE_FL at March 04, 2012 05:33 AM (jN+fS)
Posted by: Bill_in_Kennesaw at March 04, 2012 05:33 AM (r/Bl1)
Posted by: CoolCzech at March 04, 2012 05:35 AM (niZvt)
Posted by: CoolCzech at March 04, 2012 09:35 AM (niZvt)
Think Snowe, Fluke and Mikulski having a 3 way. You're welcome for that weight losing visual.
Posted by: Captain Hate at March 04, 2012 05:38 AM (2MV7C)
Posted by: dagny who loved andrew at March 04, 2012 05:40 AM (u50z0)
I went to the FB Carbonite page and "liked" everyone who wasn't a 'tard. It was the "Sunday" thing to do.
..btw.. where's the f'n sun?
Posted by: sickinmass at March 04, 2012 05:42 AM (bcNec)
Posted by: phoenixgirl, rip andrew at March 04, 2012 09:33 AM (Ho2rs)
How was it for the kids? I hesitate to take the 8 yr old even though he's about 30 really.
Posted by: dagny who loved andrew at March 04, 2012 05:43 AM (u50z0)
Posted by: Havedash at March 04, 2012 05:43 AM (JfvbF)
Posted by: In Exile at March 04, 2012 05:45 AM (MXlJS)
Posted by: dagny who loved andrew at March 04, 2012 09:40 AM (u50z0)
When did belittling the intelligence of people who are otherwise on your side on things become a smart strategy over something insignificant? This whole fucking dustup has been a nice diversionary scheme to keep people from talking about the absolute failure of throwing tax money at Government Motors and their shitbox Volt.
Posted by: Captain Hate at March 04, 2012 05:46 AM (2MV7C)
Don't confuse HUD policy with the CRA. HUD policy was awful no doubt.
In 2002 the Bush HUD put together the American Dream Downpayment Act - which GAVE $10,000 to each low-income homebuyer.
Talk about a fucking socialist!
Posted by: Clarence at March 04, 2012 05:46 AM (z0HdK)
Posted by: phoenixgirl, rip andrew at March 04, 2012 05:47 AM (Ho2rs)
Posted by: ScottyE_FL at March 04, 2012 05:49 AM (jN+fS)
Posted by: USS Diversity at March 04, 2012 05:52 AM (WK2pM)
Posted by: Jimbo at March 04, 2012 05:52 AM (O3R/2)
Posted by: Hueydiamondpooty at March 04, 2012 05:53 AM (b/YRS)
Posted by: phoenixgirl, rip andrew at March 04, 2012 05:53 AM (Ho2rs)
Posted by: Hueydiamondpooty at March 04, 2012 05:54 AM (b/YRS)
Posted by: phoenixgirl, rip andrew at March 04, 2012 09:47 AM (Ho2rs)
Ever heard of Pavlov's dogs? The libs sound the buzzer and some on the right salivate.
Posted by: Havedash at March 04, 2012 05:54 AM (JfvbF)
Posted by: Captain Hate at March 04, 2012 05:54 AM (2MV7C)
Yeah, let's all talk birth control.
And we did.
Posted by: Circa (Insert Year Here) at March 04, 2012 05:57 AM (7utQ2)
"This is the most fundamental assault on religious liberty in American History despite EVERY EFFORT by the elite media to distort what it's about. It's not about access to contraception."
........................
"The framing was false. That young lady has access to contraception every day."
Appearances like this show why Newt is an essential weapon in the war with the MFM especially in light of Breitbart's passing.
Posted by: ontherocks at March 04, 2012 05:58 AM (ZJCDy)
Posted by: Circa (Insert Year Here) at March 04, 2012 05:58 AM (7utQ2)
Would have been a big deal except for a lot of work done and money spent in 97-00. I dodged most of it working at a place that crapped out in 99 but still wound up reviewing a couple thousand lines of code just in case.
Posted by: DaveA at March 04, 2012 05:59 AM (r8deX)
Posted by: Zakn at March 04, 2012 05:59 AM (zyaZ1)
Lets not confuse CRA and ease of obtaining loans to the total cause of the housing boom and bust, which ultimately caused the collapse of the economy.
While true it was a significant contributer, particularly with respect to bank failures, but is wasn't the sole cause of the boom and bust.
The boom and bust was also caused by a number of factors such as extended very low interest rates along with stupid "green space" laws that artificially limited available housing and thus jacked up the price of said available housing. You can see that in the liberal areas that had the biggest boom such as CA, LV,and FL. Thomas Sowell has written an entire book on it.
Everything was fat dumb and happy as long as a defaulting loan could be shifted to a new customer at a higher price so that the banks could recoup losses on a default. However as soon as the fed made noises of raising interest rates to something more reasonably approaching normal the housing values quit shooting up. The banks could no longer recoup losses on those defaulted loans and the whole house of cards started falling down.
Posted by: Vic at March 04, 2012 06:03 AM (YdQQY)
Posted by: In Exile at March 04, 2012 06:04 AM (MXlJS)
Posted by: Captain Hate at March 04, 2012 09:54 AM (2MV7C)
---------------------------------
He is a libtard turd, just like his daddy. And his news interviews are just as bad as anything on MSNBC.
Posted by: Vic at March 04, 2012 06:05 AM (YdQQY)
Water wet, Gambling in Casinos, OMFGBBQ.
I'd be surprised if there wasn't pay to play in PA but 20 is a lot of companies and 900k$ a pretty thin pile spread out over the state. 20 of how many eligible?, 900k$ ObamaStim$ vs. ??? regular thanks Legislator Yinzall?
Posted by: DaveA at March 04, 2012 06:05 AM (r8deX)
No. He apologized to his audience for having an addiction problem and broadcasting while high for years.
He was better then. Opiates. Like Edgar Allen Poe.
Posted by: Beto at March 04, 2012 06:05 AM (lpWVn)
Posted by: FU52 at March 04, 2012 06:06 AM (EaimS)
Posted by: ScottyE_FL at March 04, 2012 06:07 AM (jN+fS)
No way. Too ugly, like Chelsea. She'll be a staffer for a senator with a six figure salary to boot. Did I say staffer? I meant fluffer.
Posted by: Beto at March 04, 2012 06:08 AM (lpWVn)
Posted by: Greg at March 04, 2012 06:09 AM (J3Ovp)
Posted by: CoolCzech at March 04, 2012 06:10 AM (niZvt)
If we were in Hamlet, Breitbart would be saying something like "avenge me." R.I.P, you'll be missed.
Posted by: Worf the Wonder Klingon at March 04, 2012 06:11 AM (wL5Cc)
Posted by: phoenixgirl, rip andrew at March 04, 2012 06:11 AM (Ho2rs)
Posted by: CoolCzech at March 04, 2012 06:13 AM (niZvt)
Posted by: USA at March 04, 2012 06:14 AM (6Cjut)
I could have lived with it more easily if he had said "maybe I was mistaken, she is not a slut, she's a professional communist tool posing as a student that some fabricated number of fools would be desperate or drunk enough to sleep with."
Gregory is like a dog with a bone on Meet The BS, continuing with Rep Cantor who caved immediately.
Posted by: ontherocks at March 04, 2012 06:14 AM (ZJCDy)
Posted by: USS Diversity at March 04, 2012 06:15 AM (WK2pM)
Posted by: Greg at March 04, 2012 10:09 AM (J3Ovp)
That's my fear also.
Posted by: Havedash at March 04, 2012 06:15 AM (JfvbF)
Posted by: ScottyE_FL at March 04, 2012 06:16 AM (jN+fS)
http://is.gd/2OAX2w
Posted by: Vic at March 04, 2012 06:16 AM (YdQQY)
Posted by: Greg at March 04, 2012 06:17 AM (J3Ovp)
Just as an anecdote, I brought this up to my mom yesterday, she hadn't heard about it yet so I begin by telling her how this Sandra Fluke girl sat in front of Congress and explained the thousands of dollars she has to spend on 'birth control'. Before I could even get to the Rush part, my mom exclaimed, "How the hell is she spending that kind of money on birth control? She must be getting an abortion every month, or is getting fucked all day!" I just burst out laughing and told her that Rush is now gonna get it for calling the girl a 'slut'. My mom said that the girl is a slut if she isn't a liar.
If Rush's apology for using the horrific s-word doesn't mollify the MFM (looks like it won't) then it's game on, and we've got a warehouse of equivalencies we can throw right back at them (Bill Maher's $1 million donation, anyone?). Ace and Rush and everyone else should continue to expose and ridicule this jizz sponge. I smell victory. Smells like fish.
Posted by: mugiwara at March 04, 2012 06:18 AM (hGb5f)
Posted by: rightlysouthern (aim low boys,they`re ridin shetland ponies) at March 04, 2012 06:19 AM (P6SUz)
Posted by: Captain Hate at March 04, 2012 09:54 AM (2MV7C)
We can agree to start there.
Would you like more coffee Captain?
Posted by: ontherocks at March 04, 2012 06:19 AM (ZJCDy)
Posted by: Zakn at March 04, 2012 06:19 AM (zyaZ1)
Rush shot from the hip without thinking. It was a bone-headed move and not the first time he has done this. His mocking of Michael J. Fox contributed to the election of Clalire McCaskill in Missouri, and I have evidence to prove that based on the low reelection figures of a Limbaugh relative with the same last name who serves as a judge; his reelect numbers were significantly lower than those of the other judges who were also re-elected.
It's time eopple realize that we have one Target in this election: Obama. Not Carbonite, or Ms. Fluke, or any other peripheral figure. Rush spent TWO DAYS calling her vulgar and derogatory names. It missed the point about RELIGIOUS FREEDOM AND VIOLATING THE CONSTITUTION. It was the EXACT same tactic the left used in the Clinton impeachment, making it all about sex and then accusing us of hypocrisy and prying into people's bedrooms. nly Rush gave them the evidence for their narrative.
Ms. Fluke is a greivance professional who is no doubt a Marxist at heart. I have no idea about her sex life, and that is not relevant to the discussion.
I am pissed at Limbaugh for this absolute stupidity, which was on my local Indiana radio every darn hour for the entire two days until the tornadoes happened. Limbaugh has been deemed the spokesman for the GOP by the left. I will not defend him on this because his comments were stupid and completely off the point. And he has armed the left through his arrogance and idiocy.
Posted by: Miss Marple at March 04, 2012 06:20 AM (GoIUi)
Posted by: Niemöller's cat at March 04, 2012 10:00 AM (phlKA)
If the right had any balls, they would do just that. They would bring in some guy to give testimony that it's his right to bang at least two gals a day and he needs lots of rubbers. He could show a spreadsheet of his daily cooch conquests, and show the cooch to cost ratio. They should totally humiliate the libs with this.
Posted by: Havedash at March 04, 2012 06:20 AM (JfvbF)
That's Wilt Chamberlain level game there.
Posted by: Zakn at March 04, 2012 06:21 AM (zyaZ1)
CoolCzech at March 04, 2012 10:13 AM
I agree completely.
He was apologetic to his listeners for the humiliation and scorn that was to be heaped upon them from The left. Merciless if you disagree with them.
And, he was better back then.
Posted by: Beto at March 04, 2012 06:22 AM (lpWVn)
Posted by: In Exile at March 04, 2012 06:22 AM (MXlJS)
Posted by: CoolCzech at March 04, 2012 06:22 AM (niZvt)
Posted by: USA at March 04, 2012 06:23 AM (6Cjut)
Posted by: Greg at March 04, 2012 06:23 AM (J3Ovp)
Posted by: USS Diversity at March 04, 2012 06:24 AM (WK2pM)
Posted by: ted at March 04, 2012 06:25 AM (wb4qc)
In response to last years court ruling that says people are never justified in resisting police, even if the police are acting illegally, Indiana house and senate have passed separate versions of a bill that defines when people are justified in resisting police.
The news showed up on my facebook feed with the headline:
Indiana House Approves Bill That Allows Homeowners To Kill Police Officers
Posted by: Jimmah at March 04, 2012 06:25 AM (vj51i)
Posted by: USA at March 04, 2012 06:26 AM (6Cjut)
Posted by: phoenixgirl, rip andrew at March 04, 2012 06:26 AM (Ho2rs)
Posted by: CoolCzech at March 04, 2012 06:26 AM (niZvt)
Posted by: In Exile at March 04, 2012 06:26 AM (MXlJS)
I hear you Vic.
Posted by: rightlysouthern (aim low boys,they`re ridin shetland ponies) at March 04, 2012 06:26 AM (P6SUz)
Posted by: Beto at March 04, 2012 06:26 AM (lpWVn)
Posted by: phoenixgirl, rip andrew at March 04, 2012 06:27 AM (Ho2rs)
Posted by: Greg at March 04, 2012 10:23 AM (J3Ovp)
Greg we have know the liberals are hypocrites for a long time
Posted by: robtr at March 04, 2012 06:29 AM (MtwBb)
Posted by: teh dope next-door at March 04, 2012 06:30 AM (+kznc)
Posted by: Miss80s at March 04, 2012 06:31 AM (d6QMz)
It's WA. Sakes.
Posted by: Cast Iron at March 04, 2012 10:28 AM (EL+OC)
It is a big deal, we had a record turnout, we have a republican leading the dumbass democrat by 10 points for governor and Obama has a 42% approval rating here. People hate the guy, even the democrats. Liberals like him but they are confined to seattle.
Posted by: robtr at March 04, 2012 06:32 AM (MtwBb)
Name ships after trigger pullers only. Let the Chinese defense spending increases not become a topic of our candidates campaigns as it is an insignificant amount of actual money. Support fully the Chinese plan for Syrian talks, and let them be the ones to look brain-dead for a change. Withdraw from Afghanistan and Iraq completely and swiftly and let those people show the world what hell really looks like. Help Iran join the MAD club as quickly as possible so that our response to any future aggression by them can be greatly simplified. Everyone in the Tea Party should send that poor girl a box of rubbers to make up for that nasty Rush comment. I should get credit for 6 comments on the open thread now, I think!
Posted by: And Irresolute at March 04, 2012 06:33 AM (RC3M9)
Posted by: mike at March 04, 2012 06:33 AM (pbxle)
Posted by: USS Diversity at March 04, 2012 06:34 AM (WK2pM)
Posted by: ontherocks at March 04, 2012 10:19 AM (ZJCDy)
The answer to that is always yes; until it's beer drinking time.
Posted by: Captain Hate at March 04, 2012 06:36 AM (2MV7C)
Posted by: dagny loved andrew at March 04, 2012 06:37 AM (u50z0)
Posted by: dagny loved andrew at March 04, 2012 06:38 AM (u50z0)
Tell me about it. I'm a precinct El Capitan and we had a motivated group of R's voting in our small enclave. Paul was in the lead with 35% of the vote in. We were cringing.
Posted by: Cast Iron at March 04, 2012 06:38 AM (EL+OC)
Posted by: ontherocks at March 04, 2012 10:19 AM (ZJCDy)
The answer to that is always yes; until it's beer drinking time.
Posted by: Captain Hate at March 04, 2012 10:36 AM (2MV7C)
According to my logicalizing:
Beer drinking time=Always
If it's beer drinking time, then no to coffee
Therefore, I take it you're not a coffee drinker?
Posted by: mugiwara at March 04, 2012 06:40 AM (hGb5f)
Posted by: dagny loved andrew at March 04, 2012 06:40 AM (u50z0)
Posted by: Miss80s at March 04, 2012 06:40 AM (d6QMz)
Posted by: Eric Cartman Cantor at March 04, 2012 06:41 AM (+kznc)
Romney may not win Washington this fall. I think he can, but he will force Obama to compete here, not only for his own job but to try and prop up the dems worthless candidate for governor.
The only thing Obama came to washington for in 2008 was to raise money. He will have to spend what he raises here in Washington this year.
Posted by: robtr at March 04, 2012 06:42 AM (MtwBb)
Posted by: ted at March 04, 2012 10:25 AM (wb4qc)
It was a setup but not for Rush , the Rush thing was separate complete self made cluster-fluke as an unexpected gift to liberals.
"Hey Rush , you see the bus sized signs saying "minefield" on that fence, dont go there and climb over that fence, ok."
Posted by: Temper Tantrum at March 04, 2012 06:43 AM (AWmfW)
Beer drinking time=AlwaysIf it's beer drinking time, then no to coffeeTherefore, I take it you're not a coffee drinker?
Posted by: mugiwara at March 04, 2012 10:40 AM (hGb5f)
I love beer but I don't pound 'em like I used to; having kids and wanting to exceed Kennedy standards in parenting pretty much dictated that.
Posted by: Captain Hate at March 04, 2012 06:44 AM (2MV7C)
Posted by: dagny loved andrew at March 04, 2012 10:38 AM (u50z0)
Not only that, the girl by her own admission can't possibly have time to study since she's on her back all day. Those precious independents we're looking to win over, they aren't paying attention when Obama says FU to the Catholic Church, they yawn as he explodes the national debt, but they take notice over 'sexy' bullshit like this. The girl told America she's a slut and want us to pay for it. Ridicule her, expose her, tie her to the Democrats. This is a huge victory just waiting for us to seize it.
Posted by: mugiwara at March 04, 2012 06:45 AM (hGb5f)
Posted by: Eric Cartman Cantor at March 04, 2012 06:45 AM (+kznc)
North Korea Has Allegedly Tested Nuclear Warheads For Iran, see http://preview.tinyurl.com/867otk4
Whether true or not, this isn't going to end well.
Posted by: Worf the Wonder Klingon at March 04, 2012 06:48 AM (wL5Cc)
Posted by: some dope at March 04, 2012 06:49 AM (+kznc)
Posted by: Running Hobo at March 04, 2012 06:52 AM (l1oyw)
Posted by: Miss80s at March 04, 2012 06:55 AM (d6QMz)
Pilgrim @PilgrimsLanded
BREAKING NEWS: SANDRA #FLUKE BEST FRIEND: "I DON'T UNDERSTAND HER STANCE, EVERYONE THAT KNOWS HER KNOWS SHE IS A LESBIAN" #p2 via @LEFTH00K
Posted by: Tami at March 04, 2012 06:56 AM (X6akg)
right is "hurt" by discussing how we don't want to pay for other's sex.
I don't have that idea. I also will never acknowledge hurt for me or my side.
It's like apologizing, usually a sign of weakness.
Dagny, don't know if it originated with him, but Chris Plante this week was using the expression "flying monkeys of the fake media." Don't know if you heard it but it's perfect.
Posted by: ontherocks at March 04, 2012 06:57 AM (ZJCDy)
Posted by: mugiwara at March 04, 2012 10:45 AM (hGb5f)
-------------
We are the right. We don't seize victories, we backpedal and apologize.
Posted by: real joe at March 04, 2012 06:58 AM (w7Lv+)
Pilgrim
@PilgrimsLanded
BREAKING NEWS: SANDRA #FLUKE BEST FRIEND: "I DON'T UNDERSTAND HER STANCE, EVERYONE THAT KNOWS HER KNOWS SHE IS A LESBIAN" #p2 via @LEFTH00K
shocker.
Posted by: Temper Tantrum at March 04, 2012 06:59 AM (AWmfW)
Posted by: Laura Castellano at March 04, 2012 06:59 AM (fuw6p)
Fluke is a self-described slut, so I don't understand why everyone (except me) is so indignant on her behalf. Or maybe we girls should be nice and just call her a "nympho". And why the hell should we be paying for her fun, anyway?
Posted by: Minnie Rodent at March 04, 2012 07:04 AM (S3rrR)
Posted by: Miss80s at March 04, 2012 07:04 AM (d6QMz)
Posted by: mugiwara at March 04, 2012 10:45 AM (hGb5f)
You're delusional.
The VAST majority of the public still gets their news from the networks. And ALL they hear is that those nasty Republicans, in the persona of Rush, are going around calling a nice student at a good school a slut.
It's an unforced error. Rush could easily have pointed out that Fluke is a professional shill for feminism, spinning tall tales, and spewing lies. He could have pointed out that paying for your own contraceptives is NOT a ban.
But no, he had to go for the big sound bite. Well guess what? That sound bite is the ONLY sound bite the media is playing, and it bit him right in the ass.
Posted by: xbradtc at March 04, 2012 07:10 AM (tG1oD)
Posted by: Davey Jones Locker at March 04, 2012 07:10 AM (kqbIK)
Posted by: A felm at March 04, 2012 07:17 AM (egHP5)
Posted by: A felm at March 04, 2012 07:17 AM (egHP5)
I was watching the news and reading my local paper on line this morning and discovered that the Economy is definately picking up, unemployement is dropping and the Dow is at 13,000!!!! Then a commercial comes on telling people not to be embarrassed if they need to visit a food bank, cause heck, all their neighbors are there too. Gave a website to find the nearest on near you!
I am becoming more sure that we are headed for a big, fat boom sooner than later. It is surreal how the media and govt keep lying and pretending with no concern (or realization) that the American people recognize they are lying and that nothing they are saying to pacify is true. It seems to be creating more distrust and fear and determination than they have imagined.
Posted by: DailyDish at March 04, 2012 07:19 AM (PmzZO)
Posted by: A felm at March 04, 2012 07:20 AM (egHP5)
Posted by: t-bird at March 04, 2012 07:21 AM (FcR7P)
Posted by: Miss80s at March 04, 2012 07:21 AM (d6QMz)
Posted by: Miss80s at March 04, 2012 07:22 AM (d6QMz)
Posted by: southdakotaboy at March 04, 2012 07:23 AM (Ur6Wj)
Posted by: xbradtc at March 04, 2012 11:10 AM (tG1oD)
You're on the money , how the fuck could he not know how this would be played by MSM? After 100 years of doing his show?
I like him mostly , that's why this is frustrating.
"Hey , look at me when I shoot myself in he foot , here the other one"
Posted by: Temper Tantrum at March 04, 2012 07:24 AM (AWmfW)
Posted by: acat at March 04, 2012 07:37 AM (OFIO2)
Posted by: And Irresolute at March 04, 2012 08:17 AM (RC3M9)
Posted by: Cowboy at March 04, 2012 08:46 AM (So+7G)
Posted by: CoolCzech at March 04, 2012 08:54 AM (niZvt)
Posted by: Niedermeyer's Dead Horse at March 04, 2012 09:26 AM (piMMO)
Posted by: Chilling the most at March 04, 2012 09:39 AM (6IV8T)
Agreed. In John Lukacs, "Five Days in May," which describes the early crisis of Churchill's government and how Britain came within an eyelash of surrendering to Germany, Chamberlain was one of Churchill's firmest supporters. He realized that Hitler had made a fool of him, and he wasn't about to let it happen again.
So, can you imagine Obama admitting to having made a mistake, like Chamberlain did? Or supporting a Republican president in a crisis? No, me neither.
Posted by: Brown Line at March 04, 2012 10:13 AM (M9xOs)
Suffering Succotash!
Mew
ACAT
Posted by: acat at March 04, 2012 12:06 PM (hT+IM)
Posted by: steevy at March 04, 2012 01:41 PM (7W3wI)
Posted by: Rex the Wonder God at March 04, 2012 11:23 PM (vahvH)
Posted by: Rex the Wonder God at March 04, 2012 11:29 PM (vahvH)
Posted by: Rex the Wonder God at March 04, 2012 11:35 PM (vahvH)
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Posted by: HeatherRadish at March 04, 2012 03:45 AM (hO8IJ)