Comments on: Depression looms in the land of William Goldman… I blame Maxine Waters http://pajamasmedia.com/rogerlsimon/2008/09/29/depression-looms-in-the-land-of-william-goldman-i-blame-maxine-waters/ Just another Pajamasmedia.com weblog Mon, 23 Nov 2009 16:00:53 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: LSD http://pajamasmedia.com/rogerlsimon/2008/09/29/depression-looms-in-the-land-of-william-goldman-i-blame-maxine-waters/#comment-99792 LSD Tue, 30 Sep 2008 21:35:33 +0000 http://pajamasmedia.com/rogerlsimon/2008/09/29/depression-looms-in-the-land-of-william-goldman-i-blame-maxine-waters/#comment-99792 In some places a billion is a million millions, and a 'milliard' is a thousand millions. (Those are the countries where it is best to be a billionaire.) I am going with the colloquial understanding that our threatened pill was for 700 x one million x one thousand. -One of those things that nobody knows. In some places a billion is a million millions, and a ‘milliard’ is a thousand millions. (Those are the countries where it is best to be a billionaire.)

I am going with the colloquial understanding that our threatened pill was for 700 x one million x one thousand.

-One of those things that nobody knows.

]]> By: Markus http://pajamasmedia.com/rogerlsimon/2008/09/29/depression-looms-in-the-land-of-william-goldman-i-blame-maxine-waters/#comment-99768 Markus Tue, 30 Sep 2008 19:47:32 +0000 http://pajamasmedia.com/rogerlsimon/2008/09/29/depression-looms-in-the-land-of-william-goldman-i-blame-maxine-waters/#comment-99768 The only reasonable argument that I have heard as to why Republicans did nothing about GSE's even though they had the power to was that they were afraid of the race card. If that's the way they saw things, I suppose their inaction is understandable, though certainly not a profile in courage. I'd like to see Pajamas TV interview Frank, give him the O'Reillyesqe slapdown on why he's all wrong on housing, investment, monetary policy, taxes, Economics 101, etc.. It would be an amusing exchange. The only reasonable argument that I have heard as to why Republicans did nothing about GSE’s even though they had the power to was that they were afraid of the race card. If that’s the way they saw things, I suppose their inaction is understandable, though certainly not a profile in courage.

I’d like to see Pajamas TV interview Frank, give him the O’Reillyesqe slapdown on why he’s all wrong on housing, investment, monetary policy, taxes, Economics 101, etc..

It would be an amusing exchange.

]]> By: Roger L Simon http://pajamasmedia.com/rogerlsimon/2008/09/29/depression-looms-in-the-land-of-william-goldman-i-blame-maxine-waters/#comment-99720 Roger L Simon Tue, 30 Sep 2008 17:42:02 +0000 http://pajamasmedia.com/rogerlsimon/2008/09/29/depression-looms-in-the-land-of-william-goldman-i-blame-maxine-waters/#comment-99720 Well, sure, Markus, those people were pretty creepy as well, but they are not the ones out front claiming to be "rescuing" the situation now. Dodd and Frank particularly deserve to have their mouths washed out with soap and water for being such monumental hypocrites on this. But that's democracy, I guess. Well, sure, Markus, those people were pretty creepy as well, but they are not the ones out front claiming to be “rescuing” the situation now. Dodd and Frank particularly deserve to have their mouths washed out with soap and water for being such monumental hypocrites on this. But that’s democracy, I guess.

]]> By: Markus http://pajamasmedia.com/rogerlsimon/2008/09/29/depression-looms-in-the-land-of-william-goldman-i-blame-maxine-waters/#comment-99711 Markus Tue, 30 Sep 2008 15:41:47 +0000 http://pajamasmedia.com/rogerlsimon/2008/09/29/depression-looms-in-the-land-of-william-goldman-i-blame-maxine-waters/#comment-99711 I don't doubt that many people were wrong about subprime loans in the nineties and early this decade. But it escapes me how right-wingers want to blame Congressional supporters of Fannie Mae, when in fact these people (Frank and Waters especially) were in the minority and had no power to block any legislation until January 2007. Why aren't people blaming the Republicans who chaired the Financial Services Committee from 1995 to 2007? Why aren't they blaming the Congressional Leadership from that time, "free-marketers" who ought to have known better? Why is everyone cutting Hastert, DeLay, Mike Oxley slack when running down the list of the guilty? I don’t doubt that many people were wrong about subprime loans in the nineties and early this decade. But it escapes me how right-wingers want to blame Congressional supporters of Fannie Mae, when in fact these people (Frank and Waters especially) were in the minority and had no power to block any legislation until January 2007. Why aren’t people blaming the Republicans who chaired the Financial Services Committee from 1995 to 2007? Why aren’t they blaming the Congressional Leadership from that time, “free-marketers” who ought to have known better? Why is everyone cutting Hastert, DeLay, Mike Oxley slack when running down the list of the guilty?

]]> By: Terrye http://pajamasmedia.com/rogerlsimon/2008/09/29/depression-looms-in-the-land-of-william-goldman-i-blame-maxine-waters/#comment-99699 Terrye Tue, 30 Sep 2008 11:06:41 +0000 http://pajamasmedia.com/rogerlsimon/2008/09/29/depression-looms-in-the-land-of-william-goldman-i-blame-maxine-waters/#comment-99699 I think there is enough blame to go around. However, when one is standing over the bleeding and prone body, one renders...one does not pontificate on the cause of the wounds. In other words, these guys and gals need to pull their heads out of their asses and do something. This rescue bill was about 700 billion. The market lost 1.1 trillion in an afternoon. Bush asked for reforms in this sector no fewer than 17 times, and got nothing in return. Maybe he should have pushed harder, but if he had would it have been any more successful than the attempts to reform social security? I think not. People would have {and did} blow him off. I think there is enough blame to go around. However, when one is standing over the bleeding and prone body, one renders…one does not pontificate on the cause of the wounds.

In other words, these guys and gals need to pull their heads out of their asses and do something. This rescue bill was about 700 billion. The market lost 1.1 trillion in an afternoon.

Bush asked for reforms in this sector no fewer than 17 times, and got nothing in return. Maybe he should have pushed harder, but if he had would it have been any more successful than the attempts to reform social security? I think not. People would have {and did} blow him off.

]]> By: Gary Rosen http://pajamasmedia.com/rogerlsimon/2008/09/29/depression-looms-in-the-land-of-william-goldman-i-blame-maxine-waters/#comment-99696 Gary Rosen Tue, 30 Sep 2008 06:46:00 +0000 http://pajamasmedia.com/rogerlsimon/2008/09/29/depression-looms-in-the-land-of-william-goldman-i-blame-maxine-waters/#comment-99696 I presume Harry will be voting Republican now since the Republicans opposed the bailout more than the Democrats. I presume Harry will be voting Republican now since the Republicans opposed the bailout more than the Democrats.

]]> By: Linda Frank http://pajamasmedia.com/rogerlsimon/2008/09/29/depression-looms-in-the-land-of-william-goldman-i-blame-maxine-waters/#comment-99690 Linda Frank Tue, 30 Sep 2008 05:18:53 +0000 http://pajamasmedia.com/rogerlsimon/2008/09/29/depression-looms-in-the-land-of-william-goldman-i-blame-maxine-waters/#comment-99690 Tess (of the D'Urbervilles?), I have no idea what Mr. Simon meant by "etc" but I am literate enough to read down a couple of paragraphs to see criticism of McCain. I am also literate enough to know that McCain was pushing for oversight of Fannie and Freddie in 2006 and Dodd and Frank most emphatically were not. If your ideology enables you to override those facts, it's fine. But realize that is what you are doing. Tess (of the D’Urbervilles?), I have no idea what Mr. Simon meant by “etc” but I am literate enough to read down a couple of paragraphs to see criticism of McCain. I am also literate enough to know that McCain was pushing for oversight of Fannie and Freddie in 2006 and Dodd and Frank most emphatically were not. If your ideology enables you to override those facts, it’s fine. But realize that is what you are doing.

]]> By: Tom http://pajamasmedia.com/rogerlsimon/2008/09/29/depression-looms-in-the-land-of-william-goldman-i-blame-maxine-waters/#comment-99689 Tom Tue, 30 Sep 2008 05:06:01 +0000 http://pajamasmedia.com/rogerlsimon/2008/09/29/depression-looms-in-the-land-of-william-goldman-i-blame-maxine-waters/#comment-99689 If we are busy trying find a scapegoat, how about a non-partisan choice, Benjamin Spock. His books which were the bible of parents raising their children in the 50's and 60's advocated a permissive approach to child raising. The result was the baby-boom, generation, the most self indulgent, narcistic and self-centered generation of people we have ever encountered in our history. The political and economic turmoils we are witnessing today is merely a public manifestation of the "spoilt children" syndrome exhibited by people who never had the benefit of responsible upbringing by their parents. If we are busy trying find a scapegoat, how about a non-partisan choice, Benjamin Spock. His books which were the bible of parents raising their children in the 50’s and 60’s advocated a permissive approach to child raising. The result was the baby-boom, generation, the most self indulgent, narcistic and self-centered generation of people we have ever encountered in our history. The political and economic turmoils we are witnessing today is merely a public manifestation of the “spoilt children” syndrome exhibited by people who never had the benefit of responsible upbringing by their parents.

]]> By: tess http://pajamasmedia.com/rogerlsimon/2008/09/29/depression-looms-in-the-land-of-william-goldman-i-blame-maxine-waters/#comment-99687 tess Tue, 30 Sep 2008 04:56:26 +0000 http://pajamasmedia.com/rogerlsimon/2008/09/29/depression-looms-in-the-land-of-william-goldman-i-blame-maxine-waters/#comment-99687 <i>And she will be reelected, no doubt (as will every other clown who created this mess - Chris Dodd, Barney Frank, etc).</i> Does the "etc" encompass your Mr. McCain? Was his omission just an oversight? And she will be reelected, no doubt (as will every other clown who created this mess – Chris Dodd, Barney Frank, etc).

Does the “etc” encompass your Mr. McCain? Was his omission just an oversight?

]]> By: Webrider http://pajamasmedia.com/rogerlsimon/2008/09/29/depression-looms-in-the-land-of-william-goldman-i-blame-maxine-waters/#comment-99686 Webrider Tue, 30 Sep 2008 04:53:12 +0000 http://pajamasmedia.com/rogerlsimon/2008/09/29/depression-looms-in-the-land-of-william-goldman-i-blame-maxine-waters/#comment-99686 And, here's the video that puts it into perspective, including how the CRA was actually the root cause. Well meaning socialists just tried to make it "better" by introducing laws that hammered responsible banks that actually used sound business practices by suing them for redlining. http://www.youtube.com/watch?v=NU6fuFrdCJY And, here’s the video that puts it into perspective, including how the CRA was actually the root cause. Well meaning socialists just tried to make it “better” by introducing laws that hammered responsible banks that actually used sound business practices by suing them for redlining.

http://www.youtube.com/watch?v=NU6fuFrdCJY

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