Posted on September 30, 2008 by mcauleysworld
Here are my first three items for inclusion in any “Bailout” package – I believe they are the first 3 things that Congress should do – things that will stop us from continuing down the same road that got us here in the first place.
1) Suspend the operation of the Community Reinvestment Act (CRA). The Act that fostered the development [...]
Filed under: Bailout, Bailout Negotiations, Bailout Opposition, Banking, Banking Crisis, Financial Crisis, Tax Payer Rip Offs | Tagged: Bailout, Bailout Negotiations, Bailout Opposition, Financial Crisis, Plan B, Tax Payor Rip Offs | Leave a Comment »
Posted on September 30, 2008 by mcauleysworld
Below you can read Dave Ramsey’s Common Sense Fix for the Financial Crisis. Mr. Ramsey is a Nationally Syndicated Radio Show Host & Fox Business Channel Host. Watch his show at 8 PM (EST) on the Fox Business Channel (Not the FOX NEWS CHANNEL). The Bailout will be the topic of discussion tonight.
I like some of Ramsey’s suggestions, however, I’d preface any plan [...]
Filed under: Bailout, Bailout Bill Analysis, Bailout Negotiations, Bailout Opposition, Banking Crisis, Dave Ramsey, Dave Ramsey Fox Business News, Financial Crisis, Financial Services Crisis, Fox Business News, Tax Payer Rip Offs | Tagged: Bailout, Bailout Negotiations, Bailout Opposition, Dave Ramsey Fox Business News, Dave Ramsey's Common Sense Fix, Financial Market Reform, Reform, The Common Sense Fix | 7 Comments »
Posted on September 30, 2008 by mcauleysworld
The following Articles describe the role of “political ideology” in the Financial Crisis – How Politics fueled the crisis:
Professor Stan Liebowitz: The Real Scandal – http://www.nypost.com/seven/02052008/postopinion/opedcolumnists/the_real_scandal_243911.htm?page=0
Professor Thomas J DiLorenzo: The CRA Scam and its Defenders: http://www.mises.org/story/2963
John R Lott, Jr : Analysis – Reckless Mortgages Brought Financial Market To Its Knees http://www.foxnews.com/story/0,2933,424945,00.html
BUSH/McCAIN – No, I [...]
Filed under: Bailout, Bailout Defeat, Bailout Negotiations, Bailout Opposition, Banking Crisis, Democrats Block Reform, Fannie Mae, Financial Crisis, Franklyn Raines, Freddie Mac, Jim Johnson, Tax Payer Rip Offs | Tagged: Bailout, Bailout Negotiations, Bailout Opposition, Fannie Mae, Fannie Reform Blocked, Financial Crisis, Freddie Mac | Leave a Comment »
Posted on September 30, 2008 by mcauleysworld
WATCH THE ACTUAL COMMITTEE TESTIMONY - WHY REGULATION REFORM FOR FANNIE AND FREDDIE WAS BLOCKED
WATCH THE VIDEO HERE:
Did you hear the hatred when it was suggested that the GSE’s (Fannie & Freddie are the GSEs) were making horrible loans and it needed to stop!
How did the reform get blocked ? You need 60 Votes to pass a [...]
Filed under: Bailout, Bailout Defeat, Bailout Negotiations, Bailout Opposition, Banking Crisis, Fannie Mae, Freddie Mac, Tax Payer Rip Offs | Tagged: Bailout, Bailout Negotiations, Bailout Opposition, Fannie Mae, Fannie Reform, Freddie Mac, Freddie Reform | Leave a Comment »
Posted on September 30, 2008 by mcauleysworld
Obama Panders To The Press – No Bailout Solutions Offered – His Lone Suggestion is Irrelevant
Barack’s solution to the Bailout impasse – Lets have the Federal Reserve increase the amount of money insured from $100,000 to $250,000 in any one account. Barack this is meant to help the “middle class”?
Barack, of course you know this is just more spin [...]
Filed under: Bailout, Bailout Negotiations, Bailout Opposition, Banking Crisis, Barack Obama, FDIC Insurance, Financial Crisis, Financial Services Crisis, John McCain | Tagged: Bailout, Bailout Negotiations, Bailout Opposition, Barack Obama, FDIC, John McCain | 1 Comment »
