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April 5, 2009 at 8:55 pm #663087
JanSParticipantTeleprompters? Who really, really cares if what he says is on note cards or a teleprompter? I know I don’t! It’s one of those “Let’s find anything wrong with the Obama’s that we can and run with it” things. People will nitpick to death because they can’t answer the bigger questions themselves…just my humble opinion once again :)
April 5, 2009 at 9:09 pm #663088
SmittyParticipantI think it has more to do with his “fabulous oratory” skills that the Left and their friends in the media fawn over.
If Bush had taken 12 tele-prompters with him to the G20 like Obama did it would have ben ridiculed.
Trust me – I wish that he would have done so sometimes!
April 5, 2009 at 11:48 pm #663089
HMC RichParticipantGood thing Obama could say Nuclear instead of Bush! Maybe instead of “butchering” the language, the term should be changed to “bushering”.
I have a feeling Mr. Obama might even find some humor in this. I believe he would rather have people chatting about a teleprompter instead of some of the issues.
April 6, 2009 at 4:39 am #663090
AnonymousInactiveObama is the most black president in U.S. history, and folks need to give him a chance.
I’m for restarting the numbering and making him the 1st president. 43 to 1 is still a huge lead.
April 6, 2009 at 8:34 am #663091
JanSParticipantNow, just you waitaminnit….if this Obama guy can’t fix the economy, the wars in the middle east, the infrastructure problems, chew gum, and read a teleprompter in his first 100 days in office, then…what good is he? heads should roll..give the job to the old guy who came in second…yeah..that’s the ticket….
HMCRich…you have something there with “bushering”…how do we get that in Webster’s?
April 6, 2009 at 9:44 am #663092
HMC RichParticipantIt’s a ginormous task. I don’t know.
April 6, 2009 at 5:47 pm #663093
AnonymousInactive“The old guy that came in second”? You mean uber-patriot John McCain who comes from a long line of distinguished high-ranking military men, the same guy that spent 5 years in a hole in the ground courtesy of the enemy back in ‘Nam?
I’ll go on record saying I didn’t vote for McCain, but he definitely deserves more respect than being called “the old guy”!
As far as Obama is concerned, I’m going to LMAO when he ends up turning this bad situation into a better one. He’s got an uphill battle – just like McCain would have – but he’s not messing around and he’s digging in to get stuff done for the long haul. Besides, what choice does he really have?
At the very least we’re able to witness change in a civil manner unlike many parts of the world, thanks in large part to “old guys” like John McCain who put his butt on the line to ensure we have the freedom to discuss such things while standing in front of the class clad only in our tighty-whities.
USA! USA! USA! USA! WOOOOOOOOOOOOOOOOOOOOOOO!
<post ready for trimming>
April 6, 2009 at 6:10 pm #663094
JoBParticipantLuigilinguini..
“I’ll go on record saying I didn’t vote for McCain, but he definitely deserves more respect than being called “the old guy”!”
and i’ll go on record as saying that Obama deserves more respect than being called the “black” guy.
i know.. your fascination with this teleprompter thing is because you’re jealous that Obama can read ;->
No child left behind didn’t come soon enough for poor george..
seriously though…
“Holder’s people did a good job getting the truth out about Stevens case and getting all of the charges dropped. The guilty verdict obviously affected the outcome of his election. Timing is everything, and it has had an effect on votes in the US Senate.”
they did a lousy job.
The “truth” is that the Bush admin prosecutors office played dirty pool when prosecuting Ted Stevens… and Holder is dismissing the charges to make the point that those antics will no longer be tolerated during Holder’s watch…
not that Ted Stevens was innocent of the charges.
The judge in the case… who is a personal friend of Holder’s and who made comments about the prosecutorial misconduct… allowed the trial to continue in the interests of a just verdict in spite of that conduct.
that means he thought the verdict was headed in the right direction given all the evidence, including that not available to the defense at the time or that not presented at trial…
all hail Ted Steven’s lucky break…
but not his innocence.
he doesn’t deserve the white wash he is getting or a do-over for the senate vote…
no.. sarah is stuck with him:)))))
April 6, 2009 at 6:16 pm #663095
AnonymousInactiveApril 7, 2009 at 3:31 am #663096
JoBParticipantluigi luigi luigi linguini…
LOL… why would i get angry over Ted Stevens, his son who is facing his own corruption charges or Sarah???
Trust me, you haven’t seen angry yet:) you weren’t posting during the primaries.. i got really angry once then ;->
Ted doesn’t matter enough to me to get angry.
Now Norm Coleman, he irritates me enough to get angry.. but not today. Did you notice is was a gorgeous day today?
I think all of this us and them stuff gets old…
this is a recession that hasn’t yet been labeled a depression and we are all in it together…
the sooner we all figure that out… the sooner we are likely to find solutions that work for ordinary people.. not just for speculators.
April 7, 2009 at 4:49 am #663097
AnonymousInactiveWasn’t Ted Stevens the news anchor on the Mary Tyler Moore show? He also was the narrator for Superfriends in the 1970’s. Later, he did a show about a cartoonist who drew the “Cosmic Cow” comic.
April 8, 2009 at 10:20 pm #663098
JoBParticipantis he not a ted?
if anything could illustrate how little he registers on my personal radar i suppose getting his name wrong should do it. i don’t even care enought to go check ;-)
now coleman, his first name is norm and he and i have been penpals for years:)
April 9, 2009 at 1:47 am #663099
charlabobParticipantanchor = ted baxter. i specialize in remembering the names of political buffoons of any stripe. :-)
April 9, 2009 at 2:58 am #663100
JoBParticipantand i try to forget them. that’s become easier with age ;->
April 10, 2009 at 7:23 pm #663101
c@lbobMemberHMC Rich
“Sixty-six percent of Americans approve of the job President Obama is now doing, and that is a new high for his presidency,” said Sarah Dutton, who directs surveys for CBS News. “Twenty-four percent disapprove.”
This from two days ago. Rassmussen is an interesting, Republican favoring organization, proving that liars can figure. As long as the people who voted for Obama approve of him 85-90%, his numbers will stay about in the 65% range.
John McCain lost his run for President the day he selected Sarah Palin for VP. It was the most serious decision he would make as a candidate and he blew it with petulance to select a joke candidate. I say good on you GOP, keep putting forth Palin, Jindal, Steele, Limbaugh.
A generation of Democratic Presidents will be good for the USA.
April 10, 2009 at 7:31 pm #663102
c@lbobMemberLuigi,
McCain has made a political career out of being a lousy pilot. If he hadn’t been the son of a top admiral, he would never have made it to Vietnam as a pilot. His specialty was crashing airplanes.
http://rawstory.com/news/afp/McCain_prone_to_mishaps_as_Navy_pil_10062008.html
April 14, 2009 at 9:43 am #663103
HMC RichParticipantCatlbob, you had to generalize and basically call us non Democrats …. fibbers. Didn’t your guy win the election? I thought your party wanted higher standards? If the Republicans are so weak, why are you constantly attacking them?
Remember 8 to 9 years ago? Nationally your party was in shambles. I remember hearing stories about people in deep depression. At least you re-grouped, took your medicine and triumphed. Right now the GOP is regrouping. How long, who knows?
About McCain. “This examination of his record revealed a pilot who early in his career was cocky, occasionally cavalier and prone to testing limits,” the paper concluded. From the LA Times link you provided.
OMG, a fighter pilot cocky, cavalier and prone to testing the limits? When are we going to sign up for TOP GUN? Cue Kenny Loggins soundtrack.
McCain would have lost no matter who he picked. Palin brought him more votes. He had no chance of winning after 8 years of Bush policies, Republicans spending too much, and then the recession. I find it ironic to hear liberals scream Bush spent too much and now Obama is outspending him 3 to 1. Politically, Bush beat McCain in two elections.
Regardless, McCain did spend too much time at the Hanoi Hilton. I think most of his cockiness as the son of a top Navy Admiral was beaten out of him by his Vietnam captors. I think a little respect is due to him.
Beating Hillary was the bigger battle for Obama. Now that was entertaining. We were in Russia watching the battles on Duetsches Welle, BBC, CNN and Fox News,
Ratings: Obama’s ratings are anywhere from 66% to 55% from the majority of the national polls sampled. Mostly averaging around 61%. In the next few days it will go up higher because of the Pirates getting killed and the Captain saved near Somalia. These levels are Very good and a little better than W 8 years ago and way better than Clinton.
People like Obama. I like the man and his teleprompter, but not all of his policies. Over time the numbers will falter. It is only natural. Plus the Main Stream Media LOVE the guy, so negative stories will not be as present to the casual news watcher or reader as the ones about the other guys. Pssst …. you know…those awful miscreants … the Republicans.
Now, I ask you and even I would not think it possible, but what if one of those guys or gals beats your guy in three to four years? To alter a quote,” Wouldn’t it be wonderful to have a generation of Conservative Presidents?” Oh the Horror!!! Then again, I never thought Hillary would lose the nomination. You never know.
April 14, 2009 at 8:00 pm #663104
JoBParticipantHMCRich…
re: John McCain’s record as a pilot..
“OMG, a fighter pilot cocky, cavalier and prone to testing the limits? “
testing your limits might explain dumping one plane or perhaps even a couple if you were engaged in exercises designed to test the limits of a new airplane…
but even the cockiest of pilots learn their limits without crashing too many airplanes or they lose their wings..
unless of course your dad is really connected.. like John’s was… then you keep getting another chance.
Would John McCain have learned his limits if he hadn’t been shot down? we will never know. His time in the Hanoi Hilton does earn him some respect for surviving captivity, but it doesn’t change his record as a flier.
As for the assessment that he would have lost anyway if not for wonderful Sarah.. there are many who think he lost because of his poor choice of wonderful sarah.
She was just too much for some who would have voted for a known over an unknown.. if not for the outside possibility that ticking time bomb Sarah would sit in the Oval Office… oh.. and then there was that color thing that Sarah helped Obama surmount:)
And still they came far too close.
Bush spent too much on everything expect public infrastructure, economic stimulation, public safety, etc…
That’s why Obama is forced to spend so much on those things now.
But all that aside.. i have to ask.. ????
if conservative policies were so great, how did we end up in the financial sewer?
For 6 out of the last 8 years, during the time period that many of the financial practices that just brought our financial industry down were established… they had total unrestricted power. They had control of congress for 12 years previous to that… and held veto power during the last 2.
And they are currently funding a fight they say they will take all the way to the supreme court to deny Al Franken his seat in Minnesota.. just so they can stall giving up the last of that numerical advantage in Congress…
A kid would have come of age, made juvenile mistakes, become a legal driver and be on his way to college or to Iraq in the same time period.
I suspect they had long enough to get it right… and they didn’t.
So tell me again why we want them back in power? The numnuts from the democratic party are doing a fine job of protecting business interests for them… while doling out just enough to the people to keep the great masses from rebelling.
Hasn’t it occurred to yet that the Republican party chose Sarah to guarantee that they weren’t in the hot seat when the proverbial sh.t hit the fan?
What they didn’t count on was the unrestricted avarice of their partners in the financial establishment when they realized they might lose the full backing of the political administration and scrambled to get as much as they could as quickly as they could …
greed sunk the republican ship.
But hey.. i bet the republican party rebounds quickly since it will have such willing partners in the financial and news establishment laying the blame on those who got caught holding the very stinky bag…
heck, i bet good republicans are headed to a tea party tomorrow… FOX news has dropped all pretense of impartiality… promoting politics above all else… and is actively promoting dissent…
I thought conservatives were big on personal responsibility… but maybe that’s only for democrats and poor people.
April 16, 2009 at 12:31 am #663105
HMC RichParticipantJoB, I have some answers to your questions or statements. I just can’t post them at the moment.
A little bit later.
Meanwhile I think I will have some Tea with some of my fellow Americans.
April 17, 2009 at 8:09 am #663106
HMC RichParticipantWhoa, I wish I was more succinct. This is too long.
You said…”I thought conservatives were big on personal responsibility… but maybe that’s only for democrats and poor people”.
Chuckle. How long have you been wanting to write that? Nice little class warfare statement. (Chuckle) I would rather deal with individuals than groups but we must. I can help individuals, it is harder for me to help groups.
Republicans and Conservatives have a lot of drinks at the same bar, along with some libertarians and democrats. There are some fundamental differences between a Conservative in the Republican party and a moderate to progressive Republican. Same with the groups within the Democratic party.
As a Conservative first, and a Republican second, I and many of us are disappointed, and some are very angry, at what transpired under the Bush administration. We are miffed that the people we helped elect to Congress and the White House sold out. We are irritated concerning spending, government growth and to a degree some loss of Liberty and personal freedom. We naturally disagree with certain tenets of liberal dogma :) and remain adamant about that. When we see Specter and Snow, we want to gag. McCain brought us that gag factor at times but we recognize that he does and did want to help people. Sometimes everyone should work together but at times it doesn’t make sense.
We also know that the term fiscal responsibility is a term usually, but not always, foreign to the left.
You said Greed sunk the Republican ship. You are partially correct. The last 8 years of Republican leadership was not what Conservatives wanted and especially the liberal arm of politics in our great country. GOP people do need to take some of the blame along with the Democrats who killed helpful legislation in committee. I hate harping on Mr. Barney Frank but he and Schumer are just as guilty.
What we are seeing now with all of this spending under Obama, Reid, and Pelosi is why Conservatives are angry about the mismanagement of some portions of the Federal Government the last 8 years. If Republicans had acted like Conservatives, it is possible portions of the recession may not have hit so hard. Wasteful earmarks would not have been passed. Your favorite, THE BRIDGE TO NOWHERE, would not have been added to the pork barrel.
This irresponsibility allowed the Democrats to sweep in and take over. Which was a natural conclusion. I am not blind.
We expected people to be honest and fair but many are not. We could say that liberal ideas have eroded morality over the years, but we also know that Greed is not owned by one party. It can cover all groups and individuals.
Too many RINOs let the left dictate the rules of the playing field even though the Republicans were in power. (The irony with my statement is that YOU MIGHT FEEL THE SAME WAY BUT IN REVERSE) What an oxymoron by a bunch of morons. There are still a bunch of idiots in the Republican party. TIME FOR THEM TO BE REPLACED BY FISCAL CONSERVATIVES.
More government programs were started during the Bush years. Very few were cut. There were cutbacks in some agencies but Homeland Security, the War on Terror and other programs vastly outweighed those cuts.
People, like Democrats, had every right to complain about spending, the deficit, and other issues during the Bush presidency. Republicans also know that the Right will spend far less than the Left. FACT.
You keep asking why we would want to go back to what we had the last eight years. Well, we don’t. We want LIMITED government with proper oversight. We want businesses and the people we elect to act ethically. We want our business leaders and employees to be ethical. We helped vote in many of the culprits but so did you. In fact we want the Federal Government to downsize. We prefer State and Local Government over Federal. We want business and friendly tax policies for everyone. We want less government programs overall, but if there are programs, we want them to help the most needy and empower people to achieve.
We do not want a suffocating Federal Government. We believe the founders had it right. Jefferson and others that helped in the founding of our country warned against government being too big.
Now the Department of Homeland Security says that I might be an extremist according to the FEDERAL government. Who are they? The KGB? That is insulting and actually anti-american. 203 veterans out of 230,000 that served in Iraq? More scary than Islam Fascist Terrorists? give me a break. With reports like that coming out, tryanny creeps ever closer. I wonder if Napolitano will send in the tanks too.
So, although I supported some of the actions that took place during the last eight years, most of the people in power in Washington did NOT do what I want as a citizen.
But I will take some of the blame for supporting some of the Bush administrations policies. None of the other Congressmen and Senators that I voted for were elected. Time for a change there too I think.
As far as Minnesota is concerned. We both want the truth. This is the parties fighting it out. We will see what happens however how dirty it gets. This is why we get tired of partisan politics.
Choosing Palin so that the Republicans lose? What is in your coffee? You can’t be serious?! If you would remember, both Bush and McCain warned about this upcoming and now current storm. Oh yeah, and as I mentioned it before, those bills or actions were shot down by the leftists in Congress.
Here is where we differ. Most Conservatives would have let those entities fail so that the market would reset. NO BAILOUTS. We would have let the natural consequences take place as hard as they would have been. I am guessing you are for the massive spending which was started by Bush/Paulsen, and then Obama/Geithner added rocket fuel to the fire. We will see the big government “fix”. Remember, Mr. Frank and Mr. Dodd among many others kept saying how well we were doing.
Do not give me your conspiracy BS. You are way too intelligent. I am very surprised. Stick to the evil Republicans line. That works much better in Seattle .
FOX News is covering an anti intrusive government grass roots movement. They are taking advantage of a mass demonstration by people of all backgrounds and affiliations. They did not start the movement, although Beck has certainly added fuel to the fire. No wonder FOX gets higher ratings. They just might be covering what the “folks” want to see.
Did you see the CNN reporter get into an argument with one of the tea party participants? Lets say it was quite interesting and not “Fair and Balanced”. Check out the coverage afterwards. Interesting.
I have no illusions that FOX News is right leaning. No argument there. But they are more honest about their coverage than some of the other cable and television entities. The Liberal media is portraying that the people coming out to the tea party as being led by FOX News. Not true.
I don’t see denigration from FOX News when Million Man marches happen or other protests. Why are the other media entities attacking them? Weird, wouldn’t you say? But no, they have to get crude and make tea references. Whatever.
I’m tired. Goodnight
April 17, 2009 at 4:10 pm #663107
JoBParticipantHMCRich…
“As far as Minnesota is concerned. We both want the truth. This is the parties fighting it out. We will see what happens however how dirty it gets. This is why we get tired of partisan politics.”
Truth? the election board weighed in… almost exclusively republicans by the way.. no partisan verdict there… the courts looked at it and weighed in… and both agree.. when you count every ballot in the state… Franken won.
that is the issue in a contested election, who has the most votes… so.. what truth are we waiting for?
I am sorry, but his morning i am having a difficult time taking your argument seriously and i know you meant to be serious.
we agree on a lot of what you said.. but there are huge disconnects…
the first is the lovable Sarah..
“Your favorite, THE BRIDGE TO NOWHERE, would not have been added to the pork barrel. “
I am left wondering how you reconcile that statement with the Sarah Palin, Governor of Alaska, who took the government pork-barrel money and then jumped on the bandwagon against the bridge? Did i miss the part where she sent it back? I don’t think so.
The larger disconnect is that you are against much of what your party has done and yet are participating in the republican resurgence efforts like Beck’s program and the tea party that are funded by those backing those fiscally irresponsible republicans instead of working to reform the party.
Fiscally responsible republicans? Who are they? They haven’t been in power since i have been an adult… Bush Jr may have been excessive.. but he was right on track with his republican predecessors when it came to expanding our national deficit…
What i see is that the rhetoric of the republican party is mainly a storyline that is fed to those who vote to maintain power.
unfortunately, the democrats have the same problem.. but at least cap the avarice of big business so that the common man has some opportunity.
Yesterday i heard that the University of Washington was not accepting any more incoming freshmen… and tuition is going up 30%… you might want to ask yourself now how you are going to fund your child’s education.. because education and the opportunity it affords is becoming once again the prerogative of the advantaged… are you that advantaged?
you can thank the shenanigans of the republicans who chose not only de-regulations but an absence of governmental oversight and prosecution for fraudulent business practices for the current budget crunch that has put an end to the dreams of too many. Instead, we are funding community colleges and technical colleges who turn out highly skilled but not necessarily highly paid workers.
This is the free market you talk about in action.
As for letting the banking system fail… have you really thought that one through?
yesterday the owner of the second largest mall system in the US filed for bankruptcy protection only because they couldn’t find a lender to refinance loans that had become due. Yes, their revenue is down but their malls are not closing.. they have a positive income stream but they can’t get a loans to replace those that came due…
that is the reality of the current banking crisis which would only be much worse if the larger banks had failed…
in fact.. some .. like Chase are floating now on the assets they acquired when other banks.. like WaMu failed. Have you wondered how a bank that was posting losses funded those acquisitions?
I suspect directly or indirectly, we can thank Uncle Sam.
This free market idea is kind of like the idea of Communism… great concept but it fails in execution because neither system functions freely. Our free market has always depended upon government subsidies and trade restrictions… with political advantage having more to do with success than business practices…
it seems there are a lot of great ideas.. like that of a fiscally conservative republican party.. that seem to be so much better in theory than in practice…
April 17, 2009 at 5:47 pm #663108
c@lbobMemberHMC Rich said: “The last 8 years of Republican leadership was not what Conservatives wanted and especially the liberal arm of politics in our great country. GOP people do need to take some of the blame along with the Democrats who killed helpful legislation in committee. I hate harping on Mr. Barney Frank but he and Schumer are just as guilty.”
I really need you to present some examples of “helpful” legislation that Barney Frank killed between January 2001 and December 2006. If you are saying that the Democrats aided and abetted the deregulation of the financial and other industries, well that is certainly true. Politics is the art of the possible, and accepting that a bill is as good as you can get is part of those possibilities. This straying from the democratic-socialist bent that many Democrats like me want the party to follow when it comes to trusting corporations, requiring instead rules that they must follow; is what thirty years of giving in to “conservative” ideas has gotten us. But in the the six years of the Bush II administration that Republicans controlled Congress, Democrats couldn’t get a hearing room or the lights turned on, much less kill anything. Most of the time weren’t allowed to make amendments, sometimes they weren’t told where the meetings were.
“If Republicans had acted like Conservatives, it is possible portions of the recession may not have hit so hard.”
If they had acted like the Clinton administration things wouldn’t have gotten so bad. Even though the Clintonistas were complicit in the laxity that led to the current financial woes, they were, at least, able to reign in some of the worst excesses, if only because they HAD to listen to we the liberal wing of the party.
Keep things straight, HMC Rich, very little that happened in the federal government between 2001-2008 were what I wanted, and I knew a Repulican administration would not make me happy in 2000. If I had known then what I know now, I would have worked harder to get Gore elected, for the Bush years were far worse that I imagined they would be. Including the current recession that started in 2007.
Who did you vote for in 2000?
April 17, 2009 at 6:10 pm #663109
c@lbobMemberJoB said:
“it seems there are a lot of great ideas.. like that of a fiscally conservative republican party.. that seem to be so much better in theory than in practice…”
Watching the Tea Bag protest, I was reminded of the ignorance of some people, like Huck Finn’s father:
“The law takes a man worth six thousand dollars and up’ards, and jams him into an old trap of a cabin like this, and lets him go round in clothes that ain’t fitten for a hog. They call that govment! A man can’t get his rights in a govment like this. Sometimes I’ve a mighty notion to just leave the country for good and all. Yes, and I TOLD ’em so; I told old Thatcher so to his face. Lots of ’em heard me, and can tell what I said. Says I, for two cents I’d leave the blamed country and never come a-near it agin. Them’s the very words. I says look at my hat–if you call it a hat–but the lid raises up and the rest of it goes down till it’s below my chin, and then it ain’t rightly a hat at all, but more like my head was shoved up through a jint o’ stove-pipe. Look at it, says I –such a hat for me to wear–one of the wealthiest men in this town if I could git my rights.”
From The Adventures Of Huckleberry Finn by Mark Twain.
The Republican party has been very good at steering the rage such ignorace causes and pointing them toward exactly the wrong solution for it.
The theory is the pretty window dressing they spout to us, but the game that gets them elected is the hatred they gin up among the yokels.
April 17, 2009 at 6:11 pm #663110
JoBParticipantHMCRich..
i guess the biggest problem i have is with republicans who didn’t much like what was going on while the republicans held power but kept voting for them anyway…
and who won’t let a democratic administration who inherited all of the problems those republicans created finish even the first 100 days before they start working to replace them with republicans…
who they admit didn’t do the job they wanted done.
isn’t that a classic definition of winning at any cost…
As for FOX telling the truth.. their attorneys were adamant about the fact that FOX news was under no obligation to tell the truth.. even in news programs… and they won their case.
I admit they are saying what you want to hear.. but that doesn’t make it the truth…
April 18, 2009 at 2:46 am #663111
alki_2008ParticipantUniversity of Washington…tuition is going up 30%
The tuition increase, which was proposed by Gregoire, ended up as a 28% increase over 2 years. I believe Gregoire said that UW is such a bargain, compared to the rest of the country, so she needed to raise tuition.
The annual income limit to get a tax “credit” (not deduction, but credit) was increased to $160k a couple months ago. But don’t worry, the ‘rich’ will still pay full price…since they still won’t qualify for financial aid and most won’t qualify for the tax credits.
second largest mall system in the US filed for bankruptcy protection only because they couldn’t find a lender to refinance loans that had become due.
The Chicago company became the second-largest in the nation via rampant M&A activity in the 90’s, the company was poorly managed, and they’ve been in trouble for years…they even threatened to file bankruptcy 6 months ago. Less than 10% of their $27 billion debt actually “came due”.
The company grew by buying up shopping centers, and financed those purchases by mortgaging their existing properties…betting they could refi later at better rates when their properties increased in value. They were “speculators” and risked their future on the speculation that property values would continue increasing. Now that their property isn’t worth what they speculated, then no ‘responsible’ lender is going to refinance them. Do you suggest that lenders extend them credit? Isn’t that the same risky behavior that got us here in the first place? They played the game, and they lost just like the speculators in the real estate industry.
Chase are floating now on the assets they acquired when other banks.. like WaMu failed. Have you wondered how a bank that was posting losses funded those acquisitions?
What is this statement based on? WaMu was a bargain for JPMC, which had been interested in it for years…the government just made it a super-bargain. By the way…have you heard that JPMC is willing and able to repay their TARP money? Interestingly, the government makes it extremely difficult for banks to repay TARP.
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