Nader predicted the financial melt down years ago.

Discussion in 'Congress' started by Laine, Sep 23, 2008.

  1. Laine
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    Laine Member

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    Ralph Nader and his associates have only predicted the eventual downfall of Fannie and Freddie for more than a decade. Republicans shouldn't be so quick to pull the trigger at the Democrats over this, both parties have failed miserably to see the risk of lack of Congressional over sight for years.

    Nader's testimony to Congress in 2000:

    The Nader Page

     
    Last edited by a moderator: Sep 24, 2008
  2. HoleInTheVoid
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    HoleInTheVoid Active Member

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    So did Bush and McCain.
     
  3. Laine
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    Laine Member

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    Riiight and they did nothing to stop it. Earliest I recall McCain ever saying anything was in 2005, not the ninties or earlier. Nader also does not have the connections to Fannie and Freddie that McCain and Obama have, much less Bush.Maybe McCain listned to Nader decade or so ago??:eusa_shhh:
     
    Last edited: Sep 23, 2008
  4. Caligirl
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    Caligirl Oh yes it is too!

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    So did Perot.

    So did my husband, and my parents, come to think of it.

    I've realized through this that I am in fact a fiscal conservative. This 30 fold leveraging thing is the most asinine thing I have ever heard of.
     
  5. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Ron Paul predicted it 5 years ago.
     
  6. dilloduck
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    dilloduck Diamond Member

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    Jesus Christ---WHO CARES ? There's no prize for being the first one to predict it. How about a prize for the one who fixes it ?
     
  7. Laine
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    Laine Member

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    The important note being that both McCain and Obama are inept on the issue. Some may have known about this but few have the same credentials as Nader in terms of testifying before Congress and having a hand in studies on this issue.

    Maybe there is no prize for being the first to predict the melt down but, if Obama and McCain had this same record then it would be all over the media.
     
    Last edited: Sep 23, 2008
  8. elvis
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    elvis BANNED Supporting Member

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    Because people ridiculed both Ron Paul and Ross Perot as being on the fringe. If Perot had won in 1992, the country would be very different.
     
  9. Laine
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    Laine Member

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    Reminder, Paul isn't running anymore.
     
  10. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    No one person is in a position to fix it, and I'm not sure that it could simply be "fixed." I think we're all trying to point out that there are people out there who have solid ideas about how to avoid another major crisis.
     

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