I'm tuning in to CBC right now . . . they'll be carrying this story in teh enxt news cycle.

Waiting.

Still waiting.

Da dum dee dum da da da dummmmm
. . . . . . . . . . . . . . . w-a-i-t-i-n-g

"Mansbridge"

"Calling Peter Mansbridge"

There is a Democratic Congressman, knowing that "private greed" can be blamed forever. The same people who use "they're just greedy" to reconcile economic-success differentials haven't cottoned on the fact that the same callous sifting process exists in politics too.

There is a Republican Congressman, wishing and hoping for even wider equity ownership - and secretly sorry that the mortage bubble imploded. The fact is, many ordinary Americans got a "piece of the pie" through asset-price appreciation in the last twenty-five-or-so years. That's why real wage levels haven't been such a burning issue since Reagan's time.

There is an unreconstructed left-liberal, wondering why "Wall Street" isn't a small-minority political pipsqueak anymore. Must be those durned lobbyists ;)

Incredible. Oh - and what about all the Democrats and Obama, who blame Bush for it all?

Kate - I think you should put up the whole post. It's too good to hide in a link.

These guys make Jason Mesnick look like an honest, sincere, self-sacrificing human being who only did what he did for love.

There's certainly plenty of blame to go around, for both Dems and GOP. The Bush White House should have screamed blue bloody murder when they ran into Dem opposition to housing reform in the early 2000s. They didn't push hard enough to push through the needed reforms.

But, it's the height of Kool-Aid-Drinking LDS (leftie derangement syndrome) to suggest the Dems played no part in the housing crisis.

Well as far as Bush et al having contributed to the melt down......there is such a thing as political expediency and neccessity,,,,

That same reason why Harper and the CPC have for the most part given lip service to CO2 AGW and not bluntly announced like Christopher Moncton....

"The best solution to a non-existant problem is to do nothing......."

"peace in our time"????

Colin from Mission BC, President Bush and his GOP shouldn't have had to "scream... blue bloody murder when they ran into Dem opposition to housing reform in the early 2000s."

If you recall, in the early 2000s, President Bush was dealing with 9/11 and all of the fallout from 9/11, including the war in Iraq. The Democrats shouldn't have insisted on destabilizing the finances of the whole world so that people who couldn't afford a mortgage could get loans nonetheless.

It would be the height of arrogance and foolishness, not to mention irresponsibility, to take out a loan I knew I couldn't possibly repay. I don't care what colour your skin is, honest is honest and cheating is cheating. There's more to life than owning a house, and I'm talking as someone who doesn't own a house.

I think Kate should post the whole item, too, ET. A lot of people won't bother to open the link, and it's a corker, a must-read.

Lou Dobbs March 3rd, 2008 broadcast. Obama IS the change.

http://www.youtube.com/watch?v=tSbVMUd5Uco&eurl=http://www.barackobamaantichrist.blogspot.com/

Uh . . . nice try, but if the issue had truly been "party line" as th link suggests, then major reforms such as Rep. Baker wanted would have been enacted, because the Republicans were in control of Congress at that time. Fannie and Freddie are part of it, but not the whole it.

Yep, everyone's fingerprints are on this, R and D alike.

Underlying it all, of course, greed (which is a natural human trait), but also and more problematic - wanting wealth without working for it.

Again, though, it bothers me that Obama tries continuously to blame Bush - although he's getting subtle now - saying "we're trying to fix the problems caused by the last ten (read eight) years".

Wretchard and commenters are blogging the "meltdown".
It's "George W. Bushchimp,"'s fault.
Ghastly. A schmozzle.
Nobody at SDA saw this trainwreck coming, either. tskstsk
Now, O's going after the Taliban, Jackass.
Is PM Harper listening?
...-

"So far the Obama administration has only had to deal with the economy. And despite their campaign handwringing about how much less safe America has become, its foreign enemies, perhaps still picking themselves up off the ground from the pasting they received at the hands of So far the Obama administration has only had to deal with the economy. And despite their campaign handwringing about how much less safe America has become, its foreign enemies, perhaps still picking themselves up off the ground from the pasting they received at the hands of George W. Bushchimp, have not yet made a move. But one day they too may notice that nobody is at home.

But the cup of foreign affairs will not pass away from Washington. The NYT describes President Obama’s thinking on the Taliban."
...-

"An disaster waiting to happen

The Telegraph says that President Obama was too exhausted to give British PM Gordon Brown a proper welcome." (more>>>)
http://pajamasmedia.com/richardfernandez/2009/03/07/an-disaster-waiting-to-happen/#comments

None of this is new or difficult to prove, however good luck with anyone trying to make hay out of this. For the very same reason the Republican congress didn't push reform and regulation of the situation: race.

Sad but true, political suicide is doing something that can be interpreted as racist. Kind of like complaining about Quebec.

The principle purpose of big government is to allow politicians, civil servants, social organizations, and corporations to enrich themselves at the expense of the common citizen, all in the name of social justice.

It's a Ponzi scheme that makes Bernard Madoff look like a teenager caught stealing change out of the till.

That is possibly THE MOST powerful blog entry I have ever read. It is spot on, unrepentive and true.

Get this world-wide.

Will CNN report on this??

It'as not fair that poor people can't buy houses.

Ok, says the politicos, we will enable poor people to buy houses.

Crash.

Now the Ubermessiah, and his handmaidens, want the state to pay the mortgages of those who canniot afford houses, in the name of fairness.

WOW

Jaimie Gorelick of "The Wall" fame was on Fannie Mae's board?

D'oh.

That was sooooo refreshing. Not.

BTW peter pansbridge was at the hockey game tonight, so the earliest you might see this is tomorrow. I suggest you not wait, however.

Neato;;;this shows up as being posted @4:04 PM,March 07,when it's only 6:00AM MST,march 07.
somthings amiss,Kate.
And Vit didn't autopost,or something.

What happens when the 'ignored elephant in the room' goes completely deaf, dumb and blind?

A very well put toghether presentation.

This will be another Watergate before it's over.

"History is but a record of the systematic, institutional plunder of the people by a shrewd and selfish few." - Bob Edwards, 1916