Just doin’ my job, man.

“I’m not happy ’til you’re not happy.” And I’m telling you the truth, all the time.

Onward.

Paulson himself sucked $500 million out of Goldman, like an ant with his face buried in the ass of aphid.

The colossal *cheek* of these crooks simply beggars the imagination.

(Does Ron Paul intend to do anything else with the rest of his abject failure of a life, or is he content to just wind down as an utterly forgotten footnote? ….He ought to show up for session tomorrow wearing a tri-fork hat, and shoot that bald motherfucker right through his lying gob with a black-powder pistol on nationwide television.)

There is a coup d’etat in the works right now. If the Treasury Secretary gets this power, it is game over.

It’s far more than being ‘worse off’ Radley. As Frank says, the gov’t is buying our houses now. They own us.

Last time Congress was under the gun for quick legislative action it resulted in that masterpiece of government ineptitude called the Patriot Act.

And just like that monstrosity, you can bet that whatever “cure” emerges from Congress will have been pre-written long ago, just waiting for the opportunity to implement it.

#20 Billy Beck

You poor bastards have been voting for the lesser of two evils for so long that evil is all that’s left now.

That comment alone was worth today’s visit.

#7 | Bot | September 23rd, 2008 at 12:23 pm

I hereby predict a turning point in the viability of a 3rd party platform and candidate in American presidential politics.

I disagree, the American people will cling to this two-party system until it literally falls down around their ears.

Tell me again who’s the head of the Senate Banking Committee.

Do you even know? Without looking it up first?

- Anybody who thinks this is a partisan issue hasn’t the least clue in the world what is happening, and is probably going to overlook absolutely everything important while obsessing on the least relevant details.

Go to Karl Denninger’s Market Ticker site and click on the calender in the upper right, reading/viewing everything starting from the 14th.

Then you’ll know what’s going on.

Ben, I certainly wasn’t suggesting that Frank has even a remedial understanding of economics, he’s clearly clueless.

Even as disagreements surface in Congress over the Administration’s $700 billion financial bailout plan, most media reports suggest the parties are making progress toward a compromise package. In fact, the Los Angeles Times reports House Financial Services Chairman Barney Frank “said agreement had been reached in several broad areas, among them: creation of an independent oversight board to monitor the Treasury Department’s handling of the bailout and a requirement that the department seek to minimize home foreclosures by slicing the interest rate and even the outstanding loan amount of many of the troubled mortgages it buys.”

(emphasis mine)

I knew I should’ve bought more house than I could afford and financed it with a 3/1 ARM. I guess I’m getting punished for having a 30-year fixed mortgage again. Sigh.

Read my post two above yours. Frank’s been doing this crap for almost 30 years. He KNOWS pumping money into the system doesn’t help, but he’s still willing to do it.

To quote from the hearing before the committee on financial services, September 25, 2003:

Barney Frank: I joined this committee in 1981 because I am interested in housing. And I guess I wouldn’t want to boast about my accomplishments, because the situation regarding housing, particularly people who are of moderate and low income, has gotten worse during my tenure. I won’t accept the blame, but I clearly haven’t done a great deal of good.

Surely, if you haven’t done any good you in better than twenty years, you’re doing it wrong.

Full text of this hearing can be found here: http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=108_house_hearings&docid=f:92628.wais

Frank’s statements can be seen about 15 paragraphs down.