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September 26, 2008

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Michael Avari

An opinion by John Paulson (no relation to Hank), a very successful hedge fund manager, in today's The Wall Street Journal:

"The Public Deserves a Better Deal"

http://online.wsj.com/article/SB122238667352477103.html?mod=article-outset-box

He calls for the government to buy preferred stock in the troubled banks, as Warren Buffet did in Goldman, rather than the bad assets. This would give banks a capital injection and protect the taxpayer because preferreds carry a generous dividend (10% in Goldman's case) and get paid out before common stock in the event of a liquidation.

Republicans have an alternative plan. They want to charge banks an insurance premium and set up a system to insure the 'toxic' asset should they fail. If the market for those assets springs back, banks do fine; if not, their downside risk is contained.

It is a better plan than the current bailout proposal because it puts costs and risks back with the bank, not the taxpayer. But the government doesn't have good experience with running "insurers" or "assurers" ... remember Freddie and Fannie. Plus, this plan takes capital, in the form of the premium, away from banks. What they need now is more capital.

A third plan (by yours truly) is for the Fed to loan the banks the money to support their balance sheets at, say, 2% and let banks figure out a way to trade the assets in a private market. The government can then hedge its loan by taking an option -- rather than equity in the banks (socialism) -- on any profit generated. Not a dime of taxpayer money will be spent, all loans will be paid back, and we might even make a profit if the deal is structured correctly.

Regards,

gringoman

Michael,

Once again, can our Monica put her vast and high-powered Rolodex to good and urgent use in this time of National Crisis Extraordinaire?

Can she coordinate you in some way with the camp of John McCain? Despite being a famous fly guy, Johnny may now--- wisely, or just boldly and not so wisely---be doing something akin to what an ancient General of the Army once did.

When Julius Caesar made his fateful decision and crossed the Rubicon in Northern Italy, the great game was on--- on to Rome. The die was cast. There was no turning back now. He would get to Rome, knowing how Rome would greet him---many friends with cheers, many enemies with knives and swords. And the people would watch. How would he do?

Michael, it looks like Johnny Boy in "Rome" today will need more than just his trusty legions, or another liberal social engineer.

Looks like he needs financial engineers---competent ones especially.

gringoman

MCCAIN GIVES DEMSCAMMERS FREE RIDE?

Why is Team McCain not doing more to expose the Dems phoney "MAIN STREET VS WALL STREET" mantra? Why are they letting Dems get away with their "more regulations" gulling of the public, hiding how the Dems constantly obstructed real oversight? If they are going to fold before the Obama Bilge Machine that the OSM toadies for, why even campaign? The polls will eat them up. The folks will vote for President Flim Flam.

Here is a timeline that shows how the Dem social engineers constantly covered up the Fannie and Freddie massive fraud during years when the observant saw clearly the time-bomb waiting to go off.

This report, of course, is not from Obamasuck Media. It's from Fox's chief White HOuse correspondent.


http://www.nypost.com/seven/09262008/postopinion/opedcolumnists/alarms__denial_130763.htm

J. Pierpont Finch

What is happening makes total sense in the Post 1984 world of George Orwell where words all mean the opposite of what the dictionery says they mean.

Politics suck! Let's vote ALL the b*astards out of office!

Michael Avari

Gringoman,

Once again, thank you, but a) Carly and I would never get along and b) here is McCain's site on which he lists prominent economists who support his plan:

http://www.johnmccain.com/Issues/jobsforamerica/

One wonders, then, why he doesn't charge them to come up with an alternative Republican proposal, then get his colleagues in Congress to get behind it.

And here is what he says on his site about the state of the mortage crisis:

" * No taxpayer money should bail out real estate speculators or financial market participants who failed to perform due diligence in assessing credit risks. Any assistance for borrowers should be focused solely on homeowners and any government assistance to the banking system should be based solely on preventing systemic risk.

" * Any policy of financial assistance should be accompanied by reforms that promote greater transparency and accountability to ensure we never face this problem again."

To which he should add

* Any proposal to restore stability to our financial markets must be accompanied by a proposal to reduce the size of the Federal debt by the same amount by cutting programs or selling government assets, AND by a pro-growth tax plan to pull the economy out of this crisis permanently.

Regards,

SteveOk

The Democrats in Congress are running a Ponzi Scam on the American people and the leftie media is allowing them to get away with it. The leftie media is refusing to point out that the Democrats hold a majority in Congress and could pass the bailout program if they wanted to, they just don't have the guts to do it without the Republicans voting for the Bill so they can blame them if it doens't work. Talk about a bunch of gutless political hacks, they would allow the economy to go down the tiolet so they don't get blamed for the economic mess. Harry Reid and Nancy Peloser are a couple of gutless wonders.

SteveOk

Ok, now the nitwits (Democrats) are going to pull an all nighter in Congress to pass a bailout Bill when they already have the votes to pass one if they had the guts to do it. How nutty is that? All because they want to blame the Republicans for the Bill. Of course the main stream media refuses to point out to the American people that the Democrats hold the majority in Congress and can pass anything they want.

Michael Avari

So cute! The Mises Institute has summarized articles and other resources to help us understand the current crisis:

"The Bailout Reader"

http://mises.org/story/3128

For those interested, as you read anything by Mises' economists, please note they are of the Austrian school, Libertarians, who believe in the absolute minimum government, even advocating abolishing the Fed. Still their theory of capitalism (and critique of socialism) is as sound and comprehensive as can be found anywhere in economics.

For a counterbalance, but nonethless Conservative, view see Milton Friedman of the Chicago (University of) school, especially his "A Program for Monetary Stability", "Free to Choose", and "Capitalism and Freedom" . Friedman advocates keeping the Fed but clipping its wings.

Both schools think the Fed has become a fourth branch of government absent the checks and balances. The Fed, and Congress' refusal to rein in Freddie and Fannie, got us into this crisis.

Regards,

gringoman

Ok, now the nitwits (Democrats) are going to pull an all nighter in Congress to pass a bailout Bill when they already have the votes to pass one if they had the guts to do it. How nutty is that? All because they want to blame the Republicans for the Bill. Of course the main stream media refuses to point out to the American people that the Democrats hold the majority in Congress and can pass anything they want.

Posted by: SteveOk | September 26, 2008 at 01:13 PM


John McCain has to know all this. At the Debate tonight he's got his chance to make this and rest of the Dem's phoney WALL STREET VS, MAIN STREET charade clear to the American people. Tonight he talks to millions (probably a huge audience), even if he's only half-rested and prepped for it. Tonight people pay attention. The Obamasuck Media can't stop him or "analyze" or "select." Obamasuck can't even insinuate that he feared this debate while Obamasuck buries fact that McCain wanted 10 town hall debates which "bright-boy Harvard Barry" ran away from like a scared mouse. The floor is his.

But will McCain really take the war to the enemy?

Yes, the Debate is on Foreign Policy. Yet everyone knows that the current turmoil relates to national security.
The Debate therefore must, and very likely will touch on it, even if only for ten or fifteen minutes.

But will John McCain seize his chance? Or will he stay in his comfort zone of "bipartisan gentleman" who never eviscerates Democrats like he will Republicans?

Will he insist on this even while the Democrats---up to their gills in social-engineered mortgage fraud that has poisoned the entire banking and investment system--- have their long knives out for "officer and gentleman" John McCain? Will the "officer and gentleman" allow them and their OSM to slither out of what their pious policies have done to responsible Americans?

If he does go into that nicey-nice bipartisan mode, even when the Dems are clearly ready to strike 24/7, watch what the polls show on Monday. Brave is fine, but brave and clueless is no match for the long knives and does not inspire Independents. The folks will think the Goldman Sachs/Soros--funded Democrats are their "Main Street" hope against "Wall Street Republicans."

That would be the triumph of "progressive" Flim-Flam.

And they thought it couldn't happen here.

Truther

The plan did not fly... because Johnny upset the applecart.

Brilliant, and in only ten minutes he was out of there and on the metro.
So much for panic legislation. Now after the adrenalin wanes... they will be able to use their brain to stop the swaps with covered bonds as they do in China and Europe, tax speculation using securities, and obtain stock warrants to shore up these recalcitrant banks. What they need to do is clear. How long will it take them to figure it out?


KWIC

You just can't make this stuff up. Let the music play on. This is drama at its finest. Who amongst us can say they don't care what happens tonite? this weekend?

Michael Avari

The Wall Street Journal:

Greenspan Calls for Action on Financial Crisis

Former Fed Chairman Alan Greenspan co-signed a letter calling for lawmakers to take action to relieve the financial crisis. Greenspan, along with former Treasury Secretary George Shultz and Robert Hall of the Hoover Institution, declined to back a specific plan, instead saying, “We endorse all plans that would preserve the key functions of the threatened financial institutions.” Full text of the letter follows:

Economists’ Statement on the Federal Role in Relieving the Financial Crisis

The U.S. economy is in the grip of the most severe financial crisis since the Great Depression. Even highly credit-worthy businesses are paying unprecedented premiums for borrowing. A large fraction of businesses are shut out of the credit market altogether. Past experience with financial crises shows that overall economic activity contracts soon after the crisis unless swift corrective action alleviates the crisis. Unemployment rises, employment falls, the nation’s production of goods and services declines, and consumers’ purchasing power diminishes. At worst, as in the Depression, the economy collapses.

Economists often disagree about the causes of financial crises, including the present one, though many believe that declining housing prices and mortgage practices that amplify the effects of those price declines are central factors today. But there is near-universal agreement that the federal government must take aggressive steps to protect workers and businesses from the harmful effects of a financial crisis. The great majority of those deserving this protection had no role in causing the crisis.

Experience has shown that the essential first step in heading off a crisis is to maintain the functions of critical financial institutions—banks and others performing bank-like functions. These institutions become disabled in a crisis when other institutions lose confidence in their ability to meet their payment obligations. As a practical matter, at the current stage of the crisis, the only way that financial institutions can continue to function is for the government to provide financial support. The traditional form of that support calls for the government to buy assets from the institutions, swapping questionable assets for obligations of the government that are universally regarded as sound.

We endorse all plans that would preserve the key functions of the threatened financial institutions. As a group, we do not advocate any particular program for restoring confidence in those institutions, but we are aware that the traditional approach has succeeded in heading off crises in the U.S. and other advanced countries. We do not take a stand on the choice of institutions eligible for emergency assistance. Rather, we urgently advocate immediate, extensive action that would maintain the functions of credit markets and prevent a serious economic contraction.

We are deeply concerned about instituting reforms for the longer run that will prevent similar crises in the future. We applaud the increases in capital requirements for the institutions that have elected to become subject to the Federal Reserve’s capital requirements. But we do not believe that action to deal with the immediate crisis can wait until a comprehensive program for financial stability in the long run is developed and put in place.

Alan Greenspan, former Chairman of the Federal Reserve Board
George Shultz, former Secretary of the Treasury and Secretary of State
Robert Hall, Senior Fellow, Hoover Institution and architect of the Flat Tax

gringoman

WHAT CAUSED THE ECONOMIC CRISIS?

This brand new video from Jim Demint.com makes the conservative case exceptionally clear.

Of course, the intuitive gringomanic, which "knows nothing about economics," nevertheless has given the essence for weeks already. The rest is details for bar exams etc.

And here they are: the facts, the dates, the numbers, the perps etc, neatly organized for a thorough presentation ---all of it compressed in a 5-minute or so package, sharply edited, and which the Obamasuck Media are not likely to feature.

An interesting irony: It's becoming clearer all the time that the Democrats have become the party of Wall Street (with a little help from George BUsh and his Goldman Sachs Treasury Secretary Paulsen.) They all tried a quickie to bail out Wall Street at Main Street's expense---all the while, of course, playing their usual jazz about "defending" Main Street against Wall Street. Obama, their Great Half-White Hope, has clearly become the New Slick. It's also become clearer why Goldman's Paulsen urged John McCain to Washington. In fact, conservatives believe the idea was to roll McCain and Ohio's Jim Boehner to get the Republicans to accept the Democratic/Bush/Paulsen "emergency" plan to bail out Wall Street at Main Street's expense (while even funding their ACORN and LA RAZA thugs and social engineers.) Nancy Pelosi and her weasels know they are the Majority and have the votes to pass the outrageous bail-out, even without the Republicans. Apparently their "cute" idea was to suck the Republicans into it, in order to share blame for the consequences.

How has that worked out for them?

Who knows? Maybe even Camp McCain will pay attention to this new video. Maybe we'll get a hint during tonight's debate?

http://www.jimdemint.com/blog/2008/09/what-caused-the-economic-crisis-watch-this/


ps. Maybe Michael Avari, our Monican Finance Minister, will review this conservative video.

GilbertWashington

Steve shows why sometimes one must kill the chicken to scare the monkey:


"The leftie media is refusing to point out that the Democrats hold a majority in Congress and could pass the bailout program if they wanted to, they just don't have the guts to do it without the Republicans voting for the Bill"

The "bailout program" which euphemistically is called the "Paulson Plan" is really the work of the Republican BUSH administration. Core parts of the proposal have been rejected by "small government Republicans" while "big government Republicans" both proposed and support this legislation.

McC was in the midst of giving a populist speech on Wednesday where he promised to "protect teachers, farmers, & small business owners over the interest of Wall St"
(Gringoman that WOULD BE Main St over Wall St, yes?).

McC had already got the call from Paulson to come down to Washington to get these small government Republicans back in line with the proposal.

So, if facts mean anything to rabid idealogues, this shows that Republicans are all over the map when it comes to supporting the bailout. This also shows with McC that when he came to a fork in the road between populist rhetoric and supporting the bailout the he chose both.

If the maverick is smart he'd know when to hold them and know when to fold them and would get the republican lawmakers to unite on a compromise becasue as Steve says if the Dems do it themselves they'll throw in a provision to buy Gringoman & UG a honeymoon house, free of charge, along with a lifetime subscription to Soldier of Fortune.

GilbertWashington

Gringoman has hot pants when it comes to irony but plays cooljerk with metaphor:

"An interesting irony: It's becoming clearer all the time that the Democrats have become the party of Wall Street (with a little help from George BUsh and his Goldman Sachs Treasury Secretary Paulsen.) They all tried a quickie to bail out Wall Street at Main Street's expense---all the while, of course, playing their usual jazz about "defending" Main Street against Wall Street"

What Tontobobo thinks is "becoming clearer all the time" still looks to most like Mississippi mud.
To suggest that either party is populist and doesn't cater to its monied interests first hasn't really 'understood post WWII politics at all. This new liberal party of Wall St 'isn't playing to a particular demographic. Democrats come to Wall St for only one thing: money.

Further, our right-winged raconteur suggests that Democrats are serving a Wall St constituentcy. Wall Street from rank-and-file to the boardroom suites is solidly Republican? Still is and always will be.

Yoyoman says that "Wall St has gone Democrat". Probably what he means is that Wall St has hedged their bets this election and have given large to Dems.
Bettin' on a dirivative. Not to say that Johnny boy is leaving with empty pockets either. McC came running down to Washington (even (sic) suspended the campaign) when Paulson phoned for support.
When it comes to the people versus Wall St., as far as John McCain is concerned, the people can suck hind tit.

That sure makes it easier for a Democrat to sing to folks out on the hustings in Oklahoma, 'the farmer and the cowman should be friends... they should be FRIEEENNNDDDS, while at the same time collecting a bundle of loot from Wall St.
Just like Maverick: "Im for teachers, farmers, and small business over the Wall St interests"... and ten minutes later he tells the world that he's gotta handle the bailout.
Trying to call a McC a man of the people is really trying to put lipstick on a pig. If you got skin in the game, vote for him. If you don't, and you don't yoyo-man, you're being played for a chump.


Michael Avari

Gringoman,

Nice video by Demint. It is true that the Community Reinvestment Act played a part, but only a part. The problem with pointing at CRA as the root cause is that it implicates the accusers; i.e., where were the Republicans if they knew CRA was a problem, or for that matter Freddie and Fannie were problems? One might argue, correctly, that they tried to re-engineer CRA and GSEs but in retrospect only tepidly.

The root cause that finally was acknowledged in the President's speech in the right sequence -- first -- was loose money. Congress can talk about regulation all they want, some of it valid, but unless the Fed policies are addressed, this might happen again.

Well, maybe not if the government owns everything.

Regards,

GilbertWashington

Gringoman's mothering instincts take hold:

"Tonight he talks to millions (probably a huge audience), even if he's only half-rested and prepped for it. Tonight people pay attention."

Ah, bwess hes sweepy wittle heart, Johnny missed his nap..

Gringoman, you'll get no arguement from anyone, talking to millions probably IS a huge audience, rested or restless.
You'll orgasm to know that McC will be filmed in documentary by Leni Riefenstal, so get the helmeted processions going, light the torches... you know the drill. Nothing like an a six year downpayment on a hundred year war and a collapse of the economy to get people to pay attention. Everyone's ready, popcorn's in the microwave.McC's got the floor.

Michael Avari

I just wrote the following letter to my Senators and Congresswoman, and invite fellow readers to do likewise if you agree:

Honorable Senator Clinton,

The administration’s bailout plan will not work and will add dangerously to the national debt.

I suggest building a hedge for the American people much as Wall Street builds hedges for their investments. 1) Authorize the Fed to lend the banks a special class of funds to support their balance sheets at a favorable rate, say 2-3%. 2) Authorize the banks to create a private auction market for the toxic assets, with government oversight not direct participation, as banks do with "dark pools". 3) The government would get options on any profit the auction generates, or in the extreme against the banks' profits in other operations, as protection against default on the Fed loan.

This plan will inject badly needed capital into the banks, not cost taxpayer directly (except in the case of loan default, made unlikely by the new capital injection), and preserve private market principles for our economy.

Long term, Senator, may I urge you to support an overhaul of our tax system. Only a growing economy will put more money in the hands of homeowners and their savings, and raise the demand again for real estate.

Respectfully,
Michael Avari


www.house.gov
www.senate.gov

FK

McCain isn't looking as good as Monica thinks. His political posturing about whether to go forward with the debate or not was pathetic. The bailout issue is important. So is picking the next leader of the free world. We voters are entitled to see this debate on a Friday night.

Plus, cancelling the debate would have caused the millions that the people of Mississippi put up to host the debate to go to waste.

M/M

Michael,

Thanks so much for the great links and your analysis on the different plans. I read the same article in the WSJ and didn't get it at all.

Gringoman,

Thanks so much for posting Senator Jim DeMint's video. I heard Senator DeMint on Glen Beck and he deserves applause as do ALL the House Republicans who are fighting against this awful bailout.

Michael, Gringoman and everyone else,

I was SO comforted when I heard Sean Hannity discussing the Republicans new plan with Congressman Mike Pence, and using words like FIDUCIARY RESPONSIBILITY and FISCAL CONSERVATISM.

KEEP FIGHTING THE GOOD FIGHT HOUSE REPUBLICANS - KEEP FIGHTING!!!!!

gringoman

Ummah.

Notice how the black-and-white Oreo F/GW entity is spewing? Sometimes it's almost coherent.

I think you hit on it. I didn't realize that GW, the Mentally Opressed 'Republican' of color could be Fred doing sophomore blackface.

It's beginning to make sense=== something the character itself never makes.

I imagine Fred hitting the Manischewitz, but no chug-a-lugging. "Fred" of course would be off right now for Rosh Hashannah or something, twisted atheist that he is.

So right now it's got to be his GW, unclaimed son of Franz Fanon. He reaches for a jug of Thunderbird? That's primal enough to loosen up his "colonized negritude."

Too bad it can't make him coherent. I think he's trying to say something in English syntax.

Ummahgummah

Trying to call a McC a man of the people is really trying to put lipstick on a pig. If you got skin in the game, vote for him. If you don't, and you don't yoyo-man, you're being played for a chump.


---


GW is playing himself for a chimp, shamefully shilling for the Anointed ONE, who demanded EIGHT teleprompters for tonight's debate.

Look how the dhim machine is now turning on McCain once they helped him secure the Republican nomination.

Gillie-boy is outing himself ever more as the Obama-hack operative he is.

Obama is surely a man of the people, oh yeah.. question is man of WHAT people?

Cuz it sure ain't the AMERICAN people!

Ummahgummah

Lousy "debate".. they're both holding serve. That "maverick" is kissing up to the dhims ad palling around with that leftist Jim Lehrer who is a Hussein-O supporter.

Can McCain please get MORE AGGRESSIVE?!

Ummahgummah

AND he's letting Obama CUT into his speaking time!!

I'd have told him to wait his turn.

Ummahgummah

McCain just made his first good score in the debate, calling Hussein the most liberal voting Senator of the entire lot.

FINALLY!

Stay ON MESSAGE.. keep hammering that Ossein is a LIEEBERAL!!!!!

Gillie's boy Barak HUSSEIN Obama supports the bailout as well AND he supports ACORN and the "community reinvestmant act", which is basically wasting money on all sort s of useless programs.

AND Hussein SPONSORED the "Global Poverty Reduction Act", which promises to piss away another $845 BN of American taxpayer money on the problems of foreigners.

Let the SOWdis worry about what goes on in Africa and all over the place. That's much closer to there they live.. and besides they haven't lifted a finger in all those years of receiving all of this oil money they never worked for.

FK

Spending freeze?

Nuclear power plants?

Is McCain trying to get me to feel good about voting for Obama?

FK

Oh, geez, McCain is doing the old "grieving parent gave me a [thing] that belonged to her child slain in battle".

Now Obama has to do it, too.

Bush I did this. Bush II did it. It's a cliche, and it's getting old. Just debate and don't tell us who gave you a watch, medal, shield, or whatever.

FK

Oh, nice try to get the Jewish vote talking about not having a second Holocaust, John.

FK

McCain's attempt at a joke (about the presidential seal) fell flat.

So far, no good one-liners and no big gaffes.

Let's face it. After these debates, no one really remembers what was said on the issues. They just remember the one-liners and gaffes.

FK

Now McCain is being naive by calling Obama naive. The Russians were not the sole aggressors against Georgia, and anyone who has read about it knows that. Granted, Russia went too far, but Georgia was not an innocent.

McCain continues to make me feel better about my vote for Obama. Thanks, John!

Truther

100 to 1 against the bailout and both these turkeys are committed to passing this in this session. Such arrogance !!!

The real reason for doing this is : it is the best way they believe this bill will pass.

This is what I say : if they screw this up, this will screw up the first year of any new administration. The situation will be explosive. No reading books for inner city kids in the Bronx, and no money for troops to anywhere.

I cannot believe they are going with a bailout with any necessary bandaids to get it past the press and the regard of the populace. How can they do that without expressing sincere apologies for messing up the system, and starting with undoing their errors first? Shouldn't they pass a reform law first? appraise
its efficacy, and then finally endow this system? The rush is to ensure it is passed? Yuck!@#$#$ thy have not even demonstrated to anyone there is such a need, and clearly their timetable has nothing to do with the criticality of the situation.

Truther

I do not understand exactly, but Obama has said they cannot take on the banks, and if you do not understand that, then you do not understand politics.

What does that mean?

If Rockwell has cost overruns, do thy not take them on? If there are revolving doors in the pentagon, don't they deal with the situation to stop $500 hammers? IF they are going to reform health care they have to take on the AMA, so what is the big deal about dealing with a corrupt bunch of little people with too much metal in their brains?

FK

Uneventful debate. The talking heads are saying what I said . . . no one-liners or gaffes. Someone said he missed Reagan.

Ummahgummah

The FreaK is spewing forth:

Spending freeze?

Nuclear power plants?

Is McCain trying to get me to feel good about voting for Obama?

POSTED BY: FREDK2929

--

No, FOOL, he is trying to make US feel good about voting McCain!!!!

I love those points!! I want LESS bi-partisanship!

i want liEEberalism DEFEATED and ABANDONED!!!

Ummahgummah

Oh, nice try to get the Jewish vote talking about not having a second Holocaust, John.

POSTED BY: FREDK2929

---

Actually I think he means it. Unlike Osbama who flip-flopped on Jerusalem and has the support of all those Israel-loving moslems groups.

But go right ahead, you foolish Jewish dhimmicrats.

Sell yourselves out in the name of political correctness.

We'll pull the chestnuts out of the fire for you in the end.


Ummahgummah

Uneventful debate. The talking heads are saying what I said [...]

POSTED BY: FREDK2929

----


wowWWwwwwwWWWWW!!! You are SUCH a GENIUS!!

The talking heads have HEARD you!!!!

And now they are saying what YOU SAID..

WOWWWWWWiiiieeeeEEEEEEE... Freakieeeeeee....

Can you feel the tingle?

Truther

I like what Henry Kissinger said : "You can control oil companies by messing up their oil sources, or their sea lanes; but the politicians are unsure of how to handle the banks. They are basically too lazy to study it."

Truther

I do not understand exactly, but Obama has said "We cannot take on the banks, and if you do not understand that, then you do not understand politics."

I got an email from a cynical friend who says : "Of course - the answer is hidden in plain sight. THESE ARE THE PEOPLE WHO MADE THE SYSTEM WHAT IT IS. Do you think they are going to undo it, rather than send kisses and hugs to the bankers while they can?"

FK

UG --

You are clearly unbalanced.

And Gringoman was right: I was off today, but not for any holiday.

And I'll be working next week. "New Year", my a55.

Ummahgummah

Let me guess: You were off your medication.

Ummahgummah

I'm not unhinged at all FreaK. Just making fun of the self-centered dolt you are.

gringoman

Gringoman, the person known as GfreaK is a SHILL-op for some Soros-funded Osbama outfit.

My guess is KOS or Moveon.

Posted by: Ummah Gummah | September 26, 2008 at 09:22 PM


Something like that. But what drove the Fred/Gilbutt entity to shill and shuck like this? Promise of a job with ACORN?

Ummahgummah

Hey, who knows.. ACORN director of NYC might be too much for him because it requires a modicum of thuggishness which I just don't see in the FreaK.

So maybe a no-show pencil-pusher job paid for by you and me.. the taxpayers ultimately always picking up the tab in the end.

Have you heard that all the retires of the L.I.R.R. are getting disability benefits, ALL of them? The damage is in the BILLIONS!

Ah, the liEEberal State of New York!


M/M

George Michael performs an updated version of "Brother Can you Spare A Dime". (I like this song.)

http://www.youtube.com/watch?v=1dLWrewYEhA

FK

No, UG. You are unhinged. The more you talk, the crazier you reveal yourself to be.

And you certainly have A LOT of time to rant and rave senselessly on this blog.

I don't even like Obama. But I hope he wins because it will piss you off.

Ummahgummah

I don't even like Obama. But I hope he wins because it will piss you off.

POSTED BY: FREDK2929

--

FreaK that shouws that YOU are the one who is "unhinged" here. You are willing to risk the security of this country in hopes to "piss off" someone on a blog whom you don't even know.

You have expressed violent intentions against me so I am not surprised.

Sorry if I just don't "get" your "jokes" and your particular "sense of humor".

It's a LIB thing - noone normal understands.

FK

No, UG. I don't like the Republican Party. I don't believe in its principles. I oppose the Republican Party with all of my being.

Obama is not my choice of candidate. But he's who I've got.

It's important to me that the Republicans lose.

You getting pissed off is gravy. And I like gravy.

FK

You have expressed violent intentions against me so I am not surprised.

Posted by: Ummah Gummah | September 27, 2008 at 03:09 PM

Oh, give that up already. You keep repeating this, and it's pathetic. You are pathetic.

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