The Australians love the man who caused the crash, Barack Hussein Obama.
************************************************* 1/20/2013 Eviction Notice http://www.cafepress.com/rightwingmike/6169336 --- On Tue, 2/17/09, Bob Calco <bobca...@tampabay.rr.com> wrote: > From: Bob Calco <bobca...@tampabay.rr.com> > Subject: RE: [OT] Australian Government To Regulate Private Regularity > To: "'ProFox Email List'" <profox@leafe.com> > Date: Tuesday, February 17, 2009, 7:27 PM > > > Glad y'all got that figured out. > > > > > > The only difference I see is you *had* political > pressure to keep > > deficit > > > spending to a minimum. We've had the > opposite. Otherwise I see pretty > > much > > > the same problems manifesting. > > > > > > - Bob > > > > > > > > Oh! And the tiny little fact that it was YOUR economy > that triggered > > this whole thing. > > Well, what *triggered* it we don't actually know. > > We know that it was primed by the collapse of the subprime > mortgage lending > market in the US, which did owe its very existence (and > toxicity) to bad > government policy ("community reinvestment act" > and the related failure to > regulate GSEs Fannie and Freddie Mac it spawned, whose > securities were at > the heart of bizarre international hedge funds that only > Tim Geithner, who > doesn't know how to operate Turbo Tax, can explain). > > But who actually started the run on US money market > accounts on Sept 18, > 2008, and extracted $550 billion from those accounts in a > span of two hours, > triggering the panic and subsequent credit crunch, has not > been determined, > for a shocking lack of curiosity. > > Who did what to cause oil (which is now under $35/barrel) > to skyrocket up to > $145/barrel at the same time as the banks were failing and > right in the > middle of an election, we also do not know. > > Neither anomaly has been investigated, let alone explained. > > In any case, Geoff was lecturing me about how much smarter > Australians are > and how immune they are to our problems because they have > such fine > regulators down under. Apparently he hasn't been > following the news. > > - Bob > > > _______________________________________________ > Post Messages to: ProFox@leafe.com > Subscription Maintenance: > http://leafe.com/mailman/listinfo/profox > OT-free version of this list: > http://leafe.com/mailman/listinfo/profoxtech > Searchable Archive: http://leafe.com/archives/search/profox > This message: > http://leafe.com/archives/byMID/profox/04e501c9915f$a3a6d470$eaf47d...@rr.com > ** All postings, unless explicitly stated otherwise, are > the opinions of the author, and do not constitute legal or > medical advice. This statement is added to the messages for > those lawyers who are too stupid to see the obvious. _______________________________________________ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/524408.18395...@web31407.mail.mud.yahoo.com ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
