What Just Happened? (KILLER ad proves dems caused fannie mae failure)

[Wretched Excess]

I hope they are running this in every congressional district in the country.

[youtube=425,350]http://www.youtube.com/watch?v=exxVZTKq1vA[/youtube]

[DixieBelle]

EXCELLENT! I'm blasting that one out.

[Schadenfreude]

What just happened? Indeed. We just witnessed members of the conservative party selling out to socialism. By them casting such a vote and us re-electing them, well it empowers them. There is one thing worse than a liberal democrat, and that's a RINO. I'm so pissed I could scream.

[Wretched Excess]

What just happened? Indeed. We just witnessed members of the conservative party selling out to socialism. By them casting such a vote and us re-electing them, well it empowers them. There is one thing worse than a liberal democrat, and that's a RINO. I'm so pissed I could scream.

and the alternative would be?  (not the screaming part, the no bailout bill part  )

[Schadenfreude]

What just happened? Indeed. We just witnessed members of the conservative party selling out to socialism. By them casting such a vote and us re-electing them, well it empowers them. There is one thing worse than a liberal democrat, and that's a RINO. I'm so pissed I could scream.

and the alternative would be?  (not the screaming part, the no bailout bill part  )

This bill is fundamentally flawed because it was drafted by the very same people who created this fine mess. I especially like the part where bankruptcy judges can rewrite the terms of a loan so that a homeowner may stay in his home longer to avoid foreclosure, but they will foreclose, won't they? Contracts are legally binding documents and with this legislation we have completely undermined the power of a contract. Right? Am I wrong? Please tell me I am.   

[Wretched Excess]

What just happened? Indeed. We just witnessed members of the conservative party selling out to socialism. By them casting such a vote and us re-electing them, well it empowers them. There is one thing worse than a liberal democrat, and that's a RINO. I'm so pissed I could scream.

and the alternative would be?  (not the screaming part, the no bailout bill part  )

This bill is fundamentally flawed because it was drafted by the very same people who created this fine mess. I especially like the part where bankruptcy judges can rewrite the terms of a loan so that a homeowner may stay in his home longer to avoid foreclosure, but they will foreclose, won't they? Contracts are legally binding documents and with this legislation we have completely undermined the power of a contract. Right? Am I wrong? Please tell me I am.   

the bankruptcy language was in neither bill that ultimately passed (I didn't think).

[DixieBelle]

And what happens when loans down the road reset? Are we looking at another bailout? You can't plug a hole in a boat if someone is taking a claw hammer to the bottom at the same time.

[Schadenfreude]

What just happened? Indeed. We just witnessed members of the conservative party selling out to socialism. By them casting such a vote and us re-electing them, well it empowers them. There is one thing worse than a liberal democrat, and that's a RINO. I'm so pissed I could scream.

and the alternative would be?  (not the screaming part, the no bailout bill part  )

This bill is fundamentally flawed because it was drafted by the very same people who created this fine mess. I especially like the part where bankruptcy judges can rewrite the terms of a loan so that a homeowner may stay in his home longer to avoid foreclosure, but they will foreclose, won't they? Contracts are legally binding documents and with this legislation we have completely undermined the power of a contract. Right? Am I wrong? Please tell me I am.   

the bankruptcy language was in neither bill that ultimately passed (I didn't think).

Sorry, mixing terms here. I'm specifically talking about re-writing the terms of a mortgage to avoid foreclosure. Isn't that still in?

[Schadenfreude]

And what happens when loans down the road reset? Are we looking at another bailout? You can't plug a hole in a boat if someone is taking a claw hammer to the bottom at the same time.

Amen sister. 

[Duke Nukum]

Wow!  Republicans with balls?!  When did that happen?

[Happy Fun Ball]

The cherry on top would have been a Lay/Raines comparison. Both did the same exact thing, but one was convicted, and the other is now on Obama's campaign.

[Wretched Excess]

And what happens when loans down the road reset? Are we looking at another bailout? You can't plug a hole in a boat if someone is taking a claw hammer to the bottom at the same time.

Amen sister. 

what happens down the road is an utter economic collapse.  I have read enough to know that the trifecta of debt, lack of capitalization, and bad policies mean the end of the world as we know it.

LOOK, I am not exactly wild about the central government getting into the mortgage business, but I am far enough in the foodchain in my professional life to know that credit was evaporating for major corporations.  it is just a matter of time before consumer credit goes away for consumers.

[Atomic Lib Smasher]

Wow!  Republicans with balls?!  When did that happen?

It seems to be an occurrence that happens few and far between nowadays.