Comments on: Larry Kudlow Blames Liberals in Congress for Mortgage Crisis

By: Dalton

Dalton — Mon, 29 Sep 2008 19:47:08 +0000

The comment wasn’t that the CRA was the vehicle that forced loans, he was clearly speaking about Politicians who pressed either through indirect methods or intimidation Bank and lending institutions to make loans that would never have been made in an environment where there was no CRA or pressure to put otherwise unqualified people in homes they could not afford or did not have the creditworthiness to purchase. The politicians changed the environment by making it mandatory to give loans to classes of individuals who could otherwise not own homes.

It would be interesting to see the numbers on exactly how many of these loans are among those in trouble at this time, or were on the books of the banks that have now failed.

By: Michael Pugliese

Michael Pugliese — Sun, 21 Sep 2008 01:45:52 +0000

Re: Gramm-Leach-Bliley Financial Services Modernization Act of 1999,
http://en.wikipedia.org/wiki/Gramm-Leach-Bliley_Act which destroyed the New Deal era Glass-Steagal Act regulating big banking/finance capitalist practices,
see
http://www.dissentmagazine.org/article/?article=1229

Summer 2008 »

The Legacy of the Clinton Bubble

I would note that moderate Republican, Rep. James Leach, who is now
supporting Obama, was a lead sponsor in the House of Representatives,
and these Democrats voted for the Bill in the Senate, Lincoln [D-AR],
Feinstein [D-CA], Dodd [D-CT.], Biden [D-DE], Graham {D-FL], Cleland
{D-GA.], Akaka and Inouye {D’s-HI], Durbin [D-IL.], Bayh {D-IN.],
Breaux and Landrieu [D's-LA.] , Sarbanes [D-MD.], Kennedy and Kerry
[D's-MA.], Levin [D-MI.], Baucus and Burns [D's-MT.], Reid [D-NV.],
Lautenberg and Torricelli [D's-NJ.], Bingaman [D-NM.], Moynihan and
Schumer [D-NY], Edwards [D-NC.], Conrad [D-ND.], Wyden [D-OR.], Reed
[D-RI], Hollings [D-SC.], Daschle (for Obama early on) and Johnson
[D's-SD], Leahy [D-VT.], Robb [D-VA.], Murray [D-WA], Byrd and
Rockefeller [D-WI]. The only Democrats to vote against were, Boxer,
[D-CA.], Harkin [D-IA], Mikulski.[D's-MD.] , Wellstone [D-WI.],
Dorgan [D-ND], and Feingold [D-WI.]

http://www.govtrack.us/congress/vote.xpd?vote=s1999-354
http://en.wikipedia.org/wiki/Gramm-Leach-Bliley_Act

A prescient article by Robert Kuttner (author of, ” Obama’s
Challenge: America’s Economic Crisis and the Power of a Transformative
Presidency (Paperback – Aug 25, 2008)
Buy new: $14.95 $10.17
26 Used & new from $8.76 ), see
http://www.prospect.org/cs/articles?article=the_bubble_economy

By: Kathy

Kathy — Sat, 20 Sep 2008 17:19:15 +0000

Nope, I’m totally a greedy capitalist pig. I just recognize that my capitalist greed can, if allowed to go totally unchecked, cause some minor problems, you know, like the complete and total implosion of Wall Street.

Kyle, that totally works for me (your capitalist greed balanced with a sense of social and economic responsibility, that is!).

By: J. Bartlett

J. Bartlett — Sat, 20 Sep 2008 15:50:00 +0000

An article from 2000 the fully predicts and explains the current crisis:

“The Trillion-Dollar Bank Shakedown That Bodes Ill for Cities”

http://www.city-journal.org/html/10_1_the_trillion_dollar.html

By: Kyle E. Moore

Kyle E. Moore — Sat, 20 Sep 2008 01:11:52 +0000

By: Kathy

Kathy — Sat, 20 Sep 2008 01:03:32 +0000

Kyle, didn’t you know that liberal is a synonym for socialist?

Since Master Obsidious has been so brave to go first, I will not leave him twisting in the wind, there: I am a social democrat, too.

By: Master Obsidious

Master Obsidious — Sat, 20 Sep 2008 00:56:45 +0000

In all fairness to Lizzie…I actually kind of am a social democrat, which is a moderate form of socialism.

…and also, I will concede to being the source of every problem in America.

Mea culpa.

By: God of Small Things, Meet the God of War | Comments from Left Field

God of Small Things, Meet the God of War | Comments from Left Field — Sat, 20 Sep 2008 00:48:15 +0000

[...] word goes to Silly Lizzie, in the Comments section to my post about Larry Kudlow. Lizzie cautions us against “turning [...]

By: Kyle E. Moore

Kyle E. Moore — Sat, 20 Sep 2008 00:36:24 +0000

lulz @ MO.

Seriously, I just wanted to step in for a sec and say something; I typically don’t particpate in the comments section. I just felt the need to say that I am a liberal, yet I am hardly a socialist. Why does everyone keep assuming I’m a socialist?

*sigh*

By: Master Obsidious

Master Obsidious — Sat, 20 Sep 2008 00:21:34 +0000

Sillie Lizzie said, “EVERYTHING that is wrong with this country CAN be traced to liberal ideological sedition. EVERYTHING. Socially, morally, economically and politically.”

Ok, lets make it a game. I’ll name a problem, and you explain how liberals are to blame for it. Ready?

Termites.

GO!

And please, show your work.

By: Sillie Lizzie

Sillie Lizzie — Fri, 19 Sep 2008 22:50:42 +0000

Is there no end to how much Kool Aid you liberal socialist morons are willing to drink? Pretty soon you’ll be taking it intravenously and by suppository.

EVERYTHING that is wrong with this country CAN be traced to liberal ideological sedition. EVERYTHING. Socially, morally, economically and politically.

Liberals have turned the justification of EVIL into an art form.
“Woe to those who call evil good, and good evil!!”

By: Master Obsidious

Master Obsidious — Fri, 19 Sep 2008 16:59:41 +0000

Don’t you know anything? EVERYTHING bad that ever happens is the fault of Liberals. Everything. 9/11? Liberals. Mortgage crisis? Liberals. Health care crisis? Liberals. Sarah Palin’s pregnant teenage daughter? Liberals. AIDS? Liberals.

EVERYTHING is our fault.

By: rawdawg

rawdawg — Fri, 19 Sep 2008 15:34:35 +0000

kudlow aint dead yet – them big as tie knots gone do him in