Biden just exposed Palin for what she is.

[einstein57]

The banks got themselves in trouble by approving retarded loan applications. I know at least a half dozen people who make under 50k a year and bought 400k+ houses. All repo'd by now of course.

[Aptyp]

Funny, I go to an HBC, and things I hear make me laugh. I mean, it's reverse and rereverse racism. What shocked me was that last semester there were a lot more Obama shirts on campus, this semester leading up to elections, a lot of students are all of a sudden became republicans. Something I didn't expect at all. My friend, Will, said his family is thinking of disowning him if he doesn't vote black. I'm sure it a joke, but he's grandma wants to see a black president before she dies, and I would imagine that would be the case with many black families who have survivors from Civil Rights Movement era.

I don't think it's a problem thought, for every ignorant white voter, there will be an ignorant black voter. I'm just not sure what hispanics and asians will do.

[atomic]

A lot of people got themselves in trouble by taking out retarded home loans. I know at least a half dozen people who make under 50k a year and bought 400k+ houses. All repo'd by now of course.

Fixed that for you... :up:

[DarkWing6]

Raginl3ull, your posts are annoying, ignorant, and attacking. Half of your posts on this forum have been useless posts in these political threads. Watch yourself.

And for the record, I have no issue with people posting in these threads if they give a logical thought out argument, but post after post of just attacking other members with a quick post here and a quick post there aren't gonna fly. Especially when you are not contributing to the forum elsewhere.

Consider this a public warning for all and a direct one to Raginl3ull.

[z31maniac]

Drop the hammer!

My girlfriend was not amused with my, "Palin is kinda MILFY" comment when the debate started either.

[m3_eater]

Some of us could care less what he looks like we just don't like socialists.

I think you might benefit from reading about socialism, before you go off and imply something so completely misguided and incorrect.

Here, this will help: http://en.wikipedia.org/wiki/Socialist

Please read, then come back and explain how Obama is in ANY way espousing socialism.

[sticksdaman]

I think democrats are more inclined to donate funds and buy campaign memorabilia because its historic precedence, and because they feel he needs to run a top shelf campaign so that he can show he's not just some novelty and that he is running a serious ballz out campaign. He has got to run a blitz on every play with out any foul play or else he would be in serious jeopardy. We like to think we have moved past segregation and that every one has an equal opportunity but we don't. I think the biggest difference between now and the 60's is back then people would have told you straight to your face that they are against you based on your physical appearance. I'm amazed by the things i overhear in this so called relaxed and accepting city called Los Angeles. There are just as many racist and bigots here as the rest of the country. They just hide it better.

qftttttt

[blunttech]

I think you might benefit from reading about socialism, before you go off and imply something so completely misguided and incorrect.

Here, this will help: http://en.wikipedia.org/wiki/Socialist

Please read, then come back and explain how Obama is in ANY way espousing socialism.

i cant believe you call him out on his post and then post a link proving his point.

[Money$hit]

Biden did to Palin what McCain did to Obama. McCain knew his shit, and it was evident. Palin held her own, didnt falter, and Obama did the same. The only caveat to this whole statement is that we are voting for president, not VP.

To all the Obama crybabies, Obama isn't ready to lead. His "change" campaign makes no sence. According to Biden, taxation "won't increase 1 cent" for Americans making less than $250,000, but somehow Obama has proposed 1 trillion dollars worth of spending under his plan.

I dont know where all this magical cash is going to come from. Maybe its somewhere in his plan to take over the Federal Reserve and start printing his own money. Or then again, its probably just a promise he can't uphold.

[Sam Cogley]

Some of us could care less what he looks like we just don't like socialists.

Find a socialist, and we can talk.

http://michellemalkin.com/2008/10/01...ing-in-droves/

Malkin is about as reliable and informative as WorldNutDaily...

The banks got themselves in trouble by approving retarded loan applications. I know at least a half dozen people who make under 50k a year and bought 400k+ houses. All repo'd by now of course.

Read Ben Stein's op-ed in the NYT from a few days ago (and no, Ben isn't a liberal - he even worked for Nixon). The problem wasn't the subprime loans - even if all $1T of them were foreclosed at once, it would have been a nuisiance, not a disaster. The problem was the mortgage-based securities with incorrect or even fraudulent risk ratings attached and the attempts to insure against risk with credit-default swaps. These things were what Warren Buffett called "weapons of financial mass destruction back in 2002. Simply put, they were side bets on those mortgages...and there were $62T of them against that $1T of subprime mortgages. Obviously, a 62:1 ratio is going to significantly magnify the effects of the problem...
http://www.nytimes.com/2008/09/28/bu...yjvG4k/g/Be1Yw

So in short, I agree that the banks approving loan applications that were far, far away from any sort of reasonable lending practices were signficant - but the side bets made the problem far, far worse. The same thing happened with "portfolio insurance" in the 1987 crash, which was far worse as far as a percentage of the market's value than what happened last week.

[240trainee]

Some of us could care less what he looks like we just don't like socialists.

I just saw this.

How about this bailout plan that was pushed through, which is strongly supported by McCain????

If McCain is anti-socialism, and anti-big gvt, then why is he a huge supporter of the fed buying out corporations?

[nando]

Find a socialist, and we can talk.



Malkin is about as reliable and informative as WorldNutDaily...



Read Ben Stein's op-ed in the NYT from a few days ago (and no, Ben isn't a liberal - he even worked for Nixon). The problem wasn't the subprime loans - even if all $1T of them were foreclosed at once, it would have been a nuisiance, not a disaster. The problem was the mortgage-based securities with incorrect or even fraudulent risk ratings attached and the attempts to insure against risk with credit-default swaps. These things were what Warren Buffett called "weapons of financial mass destruction back in 2002. Simply put, they were side bets on those mortgages...and there were $62T of them against that $1T of subprime mortgages. Obviously, a 62:1 ratio is going to significantly magnify the effects of the problem...
http://www.nytimes.com/2008/09/28/bu...yjvG4k/g/Be1Yw

So in short, I agree that the banks approving loan applications that were far, far away from any sort of reasonable lending practices were signficant - but the side bets made the problem far, far worse. The same thing happened with "portfolio insurance" in the 1987 crash, which was far worse as far as a percentage of the market's value than what happened last week.

yep, loans made on shaky ground and then broken up and repackaged as securities to hide their real risk (because real estate never goes bad right?), and then flooded through the markets around the world.

I bet it takes 5 years for the economy to soak all that up. hopefully the financial system doesn't completely freeze up before then - because then projects and investments that are possible, needed and that have good returns won't get done because there will be nobody to finance them.

I'm just hoping the stock market stays low until the end of the year, because my 401k matching happens in one big chunk and I'd like to get in while it's really, really cheap. :)

[nando]

I just saw this.

How about this bailout plan that was pushed through, which is strongly supported by McCain????

If McCain is anti-socialism, and anti-big gvt, then why is he a huge supporter of the fed buying out corporations?

because there is fear in the market, the fear of doing nothing (like before the great depression) possibly causing a collapse of markets worldwide. It's a huge risk either way - the bailout could completely backfire and leave us holding the bag, alternatively doing nothing and letting the financial system hang isn't a good idea either. Whatever happens you'd better hope they make the right choice because the consequences are pretty dire..

[Unearth078]

damn

Cause only idiots get harvard law degrees? We already know any idiot can get a regular harvard degree when your dad is the president. There are a lot of anti obama people on this forum. I can understand being pro McCain, but that does not mean you have to be anti Obama. Maybe r3v needs a "whites only" entrance.

i was reading and was looking forward to this thread until three posts in someone brings the race card in. the obama is an idiot was poor judgement since there were little facts to support but the has nothing to do with race.
Way to make typical assumptions.

regardless, people need to brush up on economics.

no longer a awesome debate i was hoping for.

[el_gringo]

Cause only idiots get harvard law degrees? We already know any idiot can get a regular harvard degree when your dad is the president. There are a lot of anti obama people on this forum. I can understand being pro McCain, but that does not mean you have to be anti Obama. Maybe r3v needs a "whites only" entrance.

get over it. race is still a issue in the world.