Bush tried to warn the congress that Fanny- Mac had major problems in 2001. So did McCain, later on. As I recall, Barney Frank and maybe Chris Dodd refused any reform of those institutions from committees they served on. The rest is history.
________________________________ From: Bhairitu <noozg...@sbcglobal.net> To: FairfieldLife@yahoogroups.com Sent: Wed, July 14, 2010 9:05:15 AM Subject: Re: [FairfieldLife] Re: US Federal Deficit Tops One Trillion Dollars Don't forget people were "marketed" loans and spending. Remember the George Dumbfuck Bush told people to go shopping after 9-11. The banksters were lending out 33 dollars for every one they actually had in the bank. They should have told people wanting mortgages that the house they wanted to buy was overpriced and denied them the loan that way. Greed is the monster. The whole thing is just the "divine comedy." seekliberation wrote: > Just like Maharishi said, 'government is an innocent reflection of the >collective consciousness of a nation'. > > > I interpret that in terms of our federal deficit to mean that 'if we are a >nation of people who spend more than we earn, we will have a government that >spends more than it earns'. > > > We are all to blame for the defecit, IMHO. Of course there are some honest >workers on this forum who don't expect benefits they haven't earned, but >across >the board Americans are in a fantasy world regarding how much effort they need >to put forth in relation to the benefits they recieve. That's why credit cards >are maxed out, people buy homes they can't really afford, and loans are taken >out for things people don't really need. Most Americans are no different than >the politicians they blame for everything. The only difference is that the >politicians are in a position where their ignorance has a more catastrophic >effect. > > > seekliberation > > --- In FairfieldLife@yahoogroups.com, "John" <jr_...@...> wrote: > >> I just want to repeat this over and over again. Nobody seems to be >> listening. >>Maybe the repetition will create a vibration of warning for the entire forum >>and >>the country as a whole. >> >> >> >> --- In FairfieldLife@yahoogroups.com, Mike Dixon <mdixon.6569@> wrote: >> >>> Ummm John... just now figurin' this out? >>> >>> >>> >>> >>> ________________________________ >>> From: John <jr_esq@> >>> To: FairfieldLife@yahoogroups.com >>> Sent: Tue, July 13, 2010 3:00:17 PM >>> Subject: [FairfieldLife] US Federal Deficit Tops One Trillion Dollars >>> >>> Â >>> Both major parties are to blame for this financial fiasco. In the end, we >>> as >>> taxpayers will pay for this huge bill. If not, future generations of >>> Americans >> >>> will pay for it if the country is still existing by then. >>> >>> http://news.yahoo.com/s/ap/20100713/ap_on_bi_ge/us_budget_deficit >>> >>> > > > >
