Maybe BUSH is not the only one to blame!!!
Maybe BUSH is not the only one to blame!!!
This video clearly shows that George Bush tried to warn Congress starting in 2001, that this economic crisis was coming, if something was not done. But congress refused to listen, along with the arrogant, Congressman Barney Frank. This video says it all.
The liberal media reportedly did not want this video on You Tube; it was taken off.
This link is of the same video but is routed through Canada . Everyone in America needs to see this before it is yanked off the airwaves again!
YouTube - Timeline shows Bush, McCain warning Dems of financial and housing crisis; meltdown
Cars 
Maybe BUSH is not the only one to blame!!!
Can you give a hint of a date or a venue? I want to read a transcript, I can't watch video clips and get any useful information from them.
I had it in mind that from his inauguration George Bush had a Republican House of Representatives until January 2007, and started with a Republican Senate in 2001 until June when "Senator Jim Jeffords, previously a Republican, declared himself an independent and announced he will vote with the Democrats". The Senate went Republican again from 2003 to 2007.
If I knew the content of the speech I'd be in a better position to see why you think his wishes were ignored.
I had it in mind that from his inauguration George Bush had a Republican House of Representatives until January 2007, and started with a Republican Senate in 2001 until June when "Senator Jim Jeffords, previously a Republican, declared himself an independent and announced he will vote with the Democrats". The Senate went Republican again from 2003 to 2007.
If I knew the content of the speech I'd be in a better position to see why you think his wishes were ignored.
Nullius in verba ... ☎||||||||||| ... To Fate I sue, of other means bereft, the only refuge for the wretched left.
When flower power came along I stood for Human Rights, marched around for peace and freedom, had some nooky every night - we took it serious.
Who has a spare two minutes to play in this month's FG Trivia game! ... My other OS is Slackware.
When flower power came along I stood for Human Rights, marched around for peace and freedom, had some nooky every night - we took it serious.
Who has a spare two minutes to play in this month's FG Trivia game! ... My other OS is Slackware.
Maybe BUSH is not the only one to blame!!!
cars;1158389 wrote:
This video clearly shows that George Bush tried to warn Congress starting in 2001, that this economic crisis was coming, if something was not done. But congress refused to listen, along with the arrogant, Congressman Barney Frank. This video says it all.
The liberal media reportedly did not want this video on You Tube; it was taken off.
This link is of the same video but is routed through Canada . Everyone in America needs to see this before it is yanked off the airwaves again!
YouTube - Timeline shows Bush, McCain warning Dems of financial and housing crisis; meltdown
like the same way that Bush was warned of an attack on the twin towers and he did nothing?
This video clearly shows that George Bush tried to warn Congress starting in 2001, that this economic crisis was coming, if something was not done. But congress refused to listen, along with the arrogant, Congressman Barney Frank. This video says it all.
The liberal media reportedly did not want this video on You Tube; it was taken off.
This link is of the same video but is routed through Canada . Everyone in America needs to see this before it is yanked off the airwaves again!
YouTube - Timeline shows Bush, McCain warning Dems of financial and housing crisis; meltdown
like the same way that Bush was warned of an attack on the twin towers and he did nothing?
Maybe BUSH is not the only one to blame!!!
spot;1158392 wrote: Can you give a hint of a date or a venue? I want to read a transcript, I can't watch video clips and get any useful information from them.
I had it in mind that from his inauguration George Bush had a Republican House of Representatives until January 2007, and started with a Republican Senate in 2001 until June when "Senator Jim Jeffords, previously a Republican, declared himself an independent and announced he will vote with the Democrats". The Senate went Republican again from 2003 to 2007.
If I knew the content of the speech I'd be in a better position to see why you think his wishes were ignored.
September 24, 2008 Fox report, Brit Hume
I had it in mind that from his inauguration George Bush had a Republican House of Representatives until January 2007, and started with a Republican Senate in 2001 until June when "Senator Jim Jeffords, previously a Republican, declared himself an independent and announced he will vote with the Democrats". The Senate went Republican again from 2003 to 2007.
If I knew the content of the speech I'd be in a better position to see why you think his wishes were ignored.
September 24, 2008 Fox report, Brit Hume
Cars
Maybe BUSH is not the only one to blame!!!
cars;1158462 wrote: September 24, 2008 Fox report, Brit Hume
You're trying to tell me this is an Fox op-ed piece, not a clip of a speech to Congress?
You're trying to tell me this is an Fox op-ed piece, not a clip of a speech to Congress?
Nullius in verba ... ☎||||||||||| ... To Fate I sue, of other means bereft, the only refuge for the wretched left.
When flower power came along I stood for Human Rights, marched around for peace and freedom, had some nooky every night - we took it serious.
Who has a spare two minutes to play in this month's FG Trivia game! ... My other OS is Slackware.
When flower power came along I stood for Human Rights, marched around for peace and freedom, had some nooky every night - we took it serious.
Who has a spare two minutes to play in this month's FG Trivia game! ... My other OS is Slackware.
Maybe BUSH is not the only one to blame!!!
spot;1158496 wrote: You're trying to tell me this is an Fox op-ed piece, not a clip of a speech to Congress?
You have to see the clip, so as to find out all the players involved, some were from Congress, even the secreatary of the treasury! Fox just aired it!
You have to see the clip, so as to find out all the players involved, some were from Congress, even the secreatary of the treasury! Fox just aired it!
Cars
Maybe BUSH is not the only one to blame!!!
cars;1158747 wrote: You have to see the clip, so as to find out all the players involved, some were from Congress, even the secreatary of the treasury! Fox just aired it!
Someone else might. Life's too short to watch op-ed TV. I thought "This video clearly shows that George Bush tried to warn Congress starting in 2001, that this economic crisis was coming, if something was not done. But congress refused to listen" implied that you had an instance of Congress refusing to adopt a measure the Bush White House had recommended, I was quite keen to read what he'd proposed.
I've no problem with op-ed as such, I read Ann Coulter's newsletter for example. What's a waste of time is watching op-ed TV and having nothing left afterwards, just the impression they wanted to give but no text to check out and follow up.
Someone else might. Life's too short to watch op-ed TV. I thought "This video clearly shows that George Bush tried to warn Congress starting in 2001, that this economic crisis was coming, if something was not done. But congress refused to listen" implied that you had an instance of Congress refusing to adopt a measure the Bush White House had recommended, I was quite keen to read what he'd proposed.
I've no problem with op-ed as such, I read Ann Coulter's newsletter for example. What's a waste of time is watching op-ed TV and having nothing left afterwards, just the impression they wanted to give but no text to check out and follow up.
Nullius in verba ... ☎||||||||||| ... To Fate I sue, of other means bereft, the only refuge for the wretched left.
When flower power came along I stood for Human Rights, marched around for peace and freedom, had some nooky every night - we took it serious.
Who has a spare two minutes to play in this month's FG Trivia game! ... My other OS is Slackware.
When flower power came along I stood for Human Rights, marched around for peace and freedom, had some nooky every night - we took it serious.
Who has a spare two minutes to play in this month's FG Trivia game! ... My other OS is Slackware.
Maybe BUSH is not the only one to blame!!!
Even the most cursory search of the internet will turn up plenty articles and news reports warning where this was all going. Try searching under ninja loans (no income no jobs no assets). Ninja loans was a name coined at the turn of the cenrury
http://sify.com/finance/fullstory.php?id=14741960
Don't see why everybody blames the Americans-no one forced european banks or hedge funds to buy in to these sorts of assets. What kind of idiot buys re-securitised loans without looking at what the assets actually are? Trust me I'm a b(w)anker
Or regulators in the UK and elsewhere in europe to allow similar loans-our gordie boy wants to ban 100% loans to first time buyers but he was the pillock that approved 125% loans. Don't know about American politicians but the favourite catch phrase over here is it wasn't me.
http://sify.com/finance/fullstory.php?id=14741960
Don't see why everybody blames the Americans-no one forced european banks or hedge funds to buy in to these sorts of assets. What kind of idiot buys re-securitised loans without looking at what the assets actually are? Trust me I'm a b(w)anker
Or regulators in the UK and elsewhere in europe to allow similar loans-our gordie boy wants to ban 100% loans to first time buyers but he was the pillock that approved 125% loans. Don't know about American politicians but the favourite catch phrase over here is it wasn't me.
Maybe BUSH is not the only one to blame!!!
gmc;1158850 wrote: Don't see why everybody blames the Americans-no one forced european banks or hedge funds to buy in to these sorts of assets. What kind of idiot buys re-securitised loans without looking at what the assets actually are? Trust me I'm a b(w)ankerYou don't? The reason is Standard & Poor's AAA credit rating on things like subprime instruments and Iceland. What was the rating system for? To provide bankers with an external independent verification of trust on investments. Nobody anywhere is more culpable than the boards of the credit ratings companies.
Nullius in verba ... ☎||||||||||| ... To Fate I sue, of other means bereft, the only refuge for the wretched left.
When flower power came along I stood for Human Rights, marched around for peace and freedom, had some nooky every night - we took it serious.
Who has a spare two minutes to play in this month's FG Trivia game! ... My other OS is Slackware.
When flower power came along I stood for Human Rights, marched around for peace and freedom, had some nooky every night - we took it serious.
Who has a spare two minutes to play in this month's FG Trivia game! ... My other OS is Slackware.
Maybe BUSH is not the only one to blame!!!
What has happened is clearly not just because of the Bush Presidency, or the American model of Capitalism, though both of these things are deeply involved, as GMC has already said countries in Europe especially the UK and Ireland bought into this nonsense big time, and were happy to do so.
Its all a bit convienient to now just blame the Americans for everything. The City of London has been a huge driver of all of this stuff since thatcher and the financial people in London simply got what they wanted. Hopefully the consequences of just going along with this stuff will result in some lessons being learned across the board, particularly in the States itself, where the hubris and at this stage almost seditious actions of large US companies is really shocking.
Its all a bit convienient to now just blame the Americans for everything. The City of London has been a huge driver of all of this stuff since thatcher and the financial people in London simply got what they wanted. Hopefully the consequences of just going along with this stuff will result in some lessons being learned across the board, particularly in the States itself, where the hubris and at this stage almost seditious actions of large US companies is really shocking.
"We are never so happy, never so unhappy, as we imagine"
Le Rochefoucauld.
"A smack in the face settles all arguments, then you can move on kid."
My dad 1986.
Le Rochefoucauld.
"A smack in the face settles all arguments, then you can move on kid."
My dad 1986.
Maybe BUSH is not the only one to blame!!!
We differ in where we want to end up, Galbally. I hope to see the death of Western Capitalism imminently so I tend to view events in a different light to you. It has been a benefit to a small minority of the world's population. Most of the rest it's effectively enslaved. It's time it went. Even in the US itself the majority are wage slaves with no security, living in comparative poverty. The proletarians have nothing to lose but their chains. They have a world to win.
Nullius in verba ... ☎||||||||||| ... To Fate I sue, of other means bereft, the only refuge for the wretched left.
When flower power came along I stood for Human Rights, marched around for peace and freedom, had some nooky every night - we took it serious.
Who has a spare two minutes to play in this month's FG Trivia game! ... My other OS is Slackware.
When flower power came along I stood for Human Rights, marched around for peace and freedom, had some nooky every night - we took it serious.
Who has a spare two minutes to play in this month's FG Trivia game! ... My other OS is Slackware.
Maybe BUSH is not the only one to blame!!!
spot;1158866 wrote: We differ in where we want to end up, Galbally. I hope to see the death of Western Capitalism imminently so I tend to view events in a different light to you. It has been a benefit to a small minority of the world's population. Most of the rest it's effectively enslaved. It's time it went. Even in the US itself the majority are wage slaves with no security, living in comparative poverty. The proletarians have nothing to lose but their chains. They have a world to win.
I know we do spot, that's fine, different strokes and all of that. I still believe that Capitalism as a system works, but not as its been run in Anglo Saxon countries in recent years. I would rather see Franco-German or Scandinavian style private enterprise with a mixed state-private economic models with strong social leanings across the EU (including the UK), but not marxism per se. In terms of the U.S. I doubt they want an EU style model, though obviously they will have to change the way they organize their economy on some level.
So I don't share your desire for the death of Capitalism. However, the way things are going you may get your wish. Strange days indeed.
I know we do spot, that's fine, different strokes and all of that. I still believe that Capitalism as a system works, but not as its been run in Anglo Saxon countries in recent years. I would rather see Franco-German or Scandinavian style private enterprise with a mixed state-private economic models with strong social leanings across the EU (including the UK), but not marxism per se. In terms of the U.S. I doubt they want an EU style model, though obviously they will have to change the way they organize their economy on some level.
So I don't share your desire for the death of Capitalism. However, the way things are going you may get your wish. Strange days indeed.
"We are never so happy, never so unhappy, as we imagine"
Le Rochefoucauld.
"A smack in the face settles all arguments, then you can move on kid."
My dad 1986.
Le Rochefoucauld.
"A smack in the face settles all arguments, then you can move on kid."
My dad 1986.
Maybe BUSH is not the only one to blame!!!
spot;1158852 wrote: You don't? The reason is Standard & Poor's AAA credit rating on things like subprime instruments and Iceland. What was the rating system for? To provide bankers with an external independent verification of trust on investments. Nobody anywhere is more culpable than the boards of the credit ratings companies.
The european banks didn't have to follow america's lead, it's a poor adviser that relies solely on someone elses rating, anyone with half a brain running a hedge fund or an investment bank should know exactly what they are buying in to rather than galloping off the edge along with all the other lemmings. It was a culture of irresponsible greed that got hold of everybody. We didn't need to take on board the more exotic financial instruments that generate wealth out of thin air. It wasn't the americans that allowed northern rock to have 125% LTV mortgages, it's not the americans making our regulatory authorities bleat they didn't understand what was going on.
It's not capitalism that has failed because arguably we haven't had it for some considerable time- it is corporate socialism that failed as it always will. Perhaps america is paying the price for not squaring up to it as we did in Europe, it didn't go away just went underground and morphed in to something else. The last three decades have seen it's grip tighten till like the parasite it is it's killed the golden goose.
Self regulation is a chimera dreamed up by those that want to be left alone to make as money money as possible without anyone holding them responsible. We don't have to believe in it nor be taken in by the tales of it's prowess in economic battle. Rather than the end of capitalism we might see it's resurgence free from the constraints of demented self interest. The proles have the govt by the balls and they've remembered they have the power to squeeze and dictate the way things are going to be.
The european banks didn't have to follow america's lead, it's a poor adviser that relies solely on someone elses rating, anyone with half a brain running a hedge fund or an investment bank should know exactly what they are buying in to rather than galloping off the edge along with all the other lemmings. It was a culture of irresponsible greed that got hold of everybody. We didn't need to take on board the more exotic financial instruments that generate wealth out of thin air. It wasn't the americans that allowed northern rock to have 125% LTV mortgages, it's not the americans making our regulatory authorities bleat they didn't understand what was going on.
It's not capitalism that has failed because arguably we haven't had it for some considerable time- it is corporate socialism that failed as it always will. Perhaps america is paying the price for not squaring up to it as we did in Europe, it didn't go away just went underground and morphed in to something else. The last three decades have seen it's grip tighten till like the parasite it is it's killed the golden goose.
Self regulation is a chimera dreamed up by those that want to be left alone to make as money money as possible without anyone holding them responsible. We don't have to believe in it nor be taken in by the tales of it's prowess in economic battle. Rather than the end of capitalism we might see it's resurgence free from the constraints of demented self interest. The proles have the govt by the balls and they've remembered they have the power to squeeze and dictate the way things are going to be.
Maybe BUSH is not the only one to blame!!!
Joseph Cassano
He can take some of the blame.
He can take some of the blame.
I AM AWESOME MAN
Maybe BUSH is not the only one to blame!!!
Nomad;1158901 wrote: Joseph Cassano
He can take some of the blame.
Where is this Cassano fella, I can give sheamus a ring, and we can go and have a friendly "chat" if you like.
You didn't talk to me today.
By the way.
He can take some of the blame.
Where is this Cassano fella, I can give sheamus a ring, and we can go and have a friendly "chat" if you like.
You didn't talk to me today.
By the way.
"We are never so happy, never so unhappy, as we imagine"
Le Rochefoucauld.
"A smack in the face settles all arguments, then you can move on kid."
My dad 1986.
Le Rochefoucauld.
"A smack in the face settles all arguments, then you can move on kid."
My dad 1986.
Maybe BUSH is not the only one to blame!!!
Nomad;1158901 wrote: Joseph Cassano
He can take some of the blame.
There's one of two conclusions you can come to with the Cassano's of the financial sector.
1)either they didn't grasp what they were doing in which case they are grossly incompetent and should not have held the kind of positions they did and shpuld have rsigned or at least they should be held accountable for gross negligence.
2) they did understand and are therefore guilty of fraud.
He can take some of the blame.
There's one of two conclusions you can come to with the Cassano's of the financial sector.
1)either they didn't grasp what they were doing in which case they are grossly incompetent and should not have held the kind of positions they did and shpuld have rsigned or at least they should be held accountable for gross negligence.
2) they did understand and are therefore guilty of fraud.