700 Billion Dollar Bailout Cant Touch This....

[WhiteLion]

700 Billion Dollar Bailout Cant Touch this..read link below its my firm belief that the USA enonomy is racing straight into a head-on collision with a super depression(DOH!), the actual numbers reflected are in the trillions and this's just the mortgage sector. If,,, Obama's as liberally socialist as some says he is(spreading the wealth???), the USA IS BURNT TOAST FINANCIALLY.......
CNSNews.com - $6.6 Trillion in Mortgages Were Wrapped into Mortgage-Backed Securities at Heart of Financial Crisis

http://iperceive.net/hidden-clinton-success-story-fannie-mae-subprime-loans-for-minorities/
http://www.mediacircus.com/2008/10/obama-sued-citibank-under-cra-to-force-it-to-make-bad-loans/
http://www.nypost.com/seven/09292008/postopinion/opedcolumnists/os_dangerous_pals_131216.htm
http://w3.newsmax.com/a/jun08/?s=al&promo_code=6C40-1

 

[Toro]

Yabut...

Not all mortgages are worth less than par.

That headline is a bit misleading because there aren't $6.6 trillion of worthless MBS.

 

[WhiteLion]

Yabut...

Not all mortgages are worth less than par.

That headline is a bit misleading because there aren't $6.6 trillion of worthless MBS.

Maybe but i still say our economy is headed for the big bust???

 

[Old Rocks]

Unfortunately, we are in for a severe recession, if not a Great Depression. And Obama has had nothing to do with it so far. As far as his policies go, putting men and women to work as FDR did during the last Depression would do nothing but good. Given the fact that a huge chunk of the wealth seems to have migrated to the very people who are responsible for this debacle, spreading a bit of that arround to the families that are in distress, as in putting them to work on jobs that build this nation, is not at all a bad idea.
Sure, call it socialism, but what has your Bushie done for us? And what about his base? What have they done for us? Like Haliburton, untold billions in no bid government contracts, then move the business to Dubai?

 

[Angel Heart]

It's time for a year of Jubalee. IMO

 

[WhiteLion]

Unfortunately, we are in for a severe recession, if not a Great Depression. And Obama has had nothing to do with it so far. As far as his policies go, putting men and women to work as FDR did during the last Depression would do nothing but good. Given the fact that a huge chunk of the wealth seems to have migrated to the very people who are responsible for this debacle, spreading a bit of that arround to the families that are in distress, as in putting them to work on jobs that build this nation, is not at all a bad idea.
Sure, call it socialism, but what has your Bushie done for us? And what about his base? What have they done for us? Like Haliburton, untold billions in no bid government contracts, then move the business to Dubai?

Here's yo links to OBAMAS part in the subprime mortgage meeeltdooown....
UPDATED: Obama Sued Citibank Under CRA to Force it to Make Bad Loans | Media Circus
O'S DANGEROUS PALS - New York Post

 

[WhiteLion]

Unfortunately, we are in for a severe recession, if not a Great Depression. And Obama has had nothing to do with it so far. As far as his policies go, putting men and women to work as FDR did during the last Depression would do nothing but good. Given the fact that a huge chunk of the wealth seems to have migrated to the very people who are responsible for this debacle, spreading a bit of that arround to the families that are in distress, as in putting them to work on jobs that build this nation, is not at all a bad idea.
Sure, call it socialism, but what has your Bushie done for us? And what about his base? What have they done for us? Like Haliburton, untold billions in no bid government contracts, then move the business to Dubai?

What do think of Obama now, year and a half or so later in to his presidency

 

[The Rabbi]

Unfortunately, we are in for a severe recession, if not a Great Depression. And Obama has had nothing to do with it so far. As far as his policies go, putting men and women to work as FDR did during the last Depression would do nothing but good. Given the fact that a huge chunk of the wealth seems to have migrated to the very people who are responsible for this debacle, spreading a bit of that arround to the families that are in distress, as in putting them to work on jobs that build this nation, is not at all a bad idea.
Sure, call it socialism, but what has your Bushie done for us? And what about his base? What have they done for us? Like Haliburton, untold billions in no bid government contracts, then move the business to Dubai?

What do think of Obama now, year and a half or so later in to his presidency

Old Rocks is still blaming Bush.
Obama had nothing to do with it.
That must mean that Obama's policies have had no effect. After 20 months in office with solid Democratic majorities in both houses you would think he could find a policy that would do something. Something positive, I mean.
But Obama couldn't find his ass with both hands. Neither can Old Rocks.