Is that the Rush or Mark version of the economy these days?
Its not rush or mark levin, its my thought, my idea, my work, I have yet to see one paper or one person question how much of the cash the banks and aig got from housing they then invested in oil, where did all that money come from that drove up the price of oil. It dont take a genius to figure it out.
I listen to rush and levin but I also think for myself. More importantly I listen to many sources of news and read many books.
This is my original post inspired by news reports. I heard Bush on the radio stating our surplus of oil was six times higher than expected, anyone watching the news saw oil rise and fall, I see the government bail out more than banks, I know what people bought they will sell, I know its only banks and investment firms that have huge amounts of money. I know oil is the largest commodity in the world.
Well I'll play. What evidence is there that the financial institutions invested heavily in oil, as opposed to, say, subprime mortgages?
I think for myself. Rush just allows me not to have to read the NY Times and he covers what the news doesnt in the Congress. I like
The Mark Levin Show » Audio because he is the liberals worst nightmare.
Good for you. I listen to Levine driving home on occasion, having to tune in more than about 15 minutes would be a nightmare. The guy is just the biggest whiner on earth. Liberals and "statits" are to blame for everything, Obama is a socialist, that's why he shook Chevez' hand, he's destoying the country, on and on. He's a complete partisan hack.
You dont need evidense and this is not play, you know subprime mortgages are bundled loans that got sold, those who sold the loans than had money to invest, where is the money from the subprimes loans, these loans got bought and sold over and over, sure some people got stuck with them but what about those that sold the loans before the crash, this was going on for more than a month, it was going on all during the bush administration.
Savings and loan crisis of the 1980's, Bush sr bailed out the S&L's, one of his sons lost a billion dollars on a bank, Bush's business partner was going to lose billions, S&L's bought loans from banks, banks made loans on over valued propertys, Bush bailed them out. Like father like son.
Some idiots did not see the end of the game or was it a plan that right before Bush left office he bails everyone out. Goldman Sachs got bailed out, people bundled loans and the government agencies of Freddie mac and Fannie mae bought them, why isnt Obama investigating, he says he will investigate torture but not the financial crisis.
Go look at the Timothy Geithner thread in politics, look at who Geithner is and tell me we know what happened.
It is common knowledge that the largest investment firms got bailed out, we know oil was selling for 140, they got to sell that oil, 6 times the surplus than thought, it takes time to sell 6 times the surplus they thought, whats those numbers and how long will it take to sell that much oil I dont know. Either way alot of money is getting dumped into many banks across the whole world and its impossible that its solely the housing market. The people are getting blamed, think of the screaming if the truth was we were bailing out oil investors.
We are bailing out oil investors, across the whole world. At first they said the subprime loans was only 1% of the housing market. Its crazy to believe it was only housing loses.
Its oil and Obama is big Oil.
Smoke and mirrors.