Drudge Retort: Red Meat for Yellow Dogs
Tuesday, October 14, 2008

Democratic presidential nominee Barack Obama is entering the third and final presidential debate Wednesday with a 14-point lead over Republican rival John McCain nationally, a new CBS News/New York Times poll shows.

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CBS is drinking their own wine(panther piss). If it were up to theme we could skip the election and get on with the crowning.

It ain't over 'til Hillary sings.

How much was Gore beating W by at this point in 2004? And Gore lost! (He couldn't win his *own* state!)

How much was Kerry up by over W at this point in 2004?

(I don't like this one, but fear it's true)
How many people say they'll vote for the black guy with the funny name, but won't?

"How much was Gore beating W by at this point in 2004?"

HAHAHAHAHAHAHAHAHA

Unlike 2004, when fear was the GOP's mantra, and fear of changing horses in midstream because of Iraq, this time people's lives are being affected by the economy. Obama beats McCain on that count by hefty double digits.

The GOP smears and false attacks are creating an additional backlash. We aren't falling for it this time.

They show the chosen One up by 17% in Wisconsin.
This poll is B.S.
As we get closer to election day, I'll give odds and cover bets.

Quinnipiac has the same result:

www.realclearpolitics.com

(Only took ya one minute that time WISGOD? What a stalker)

How much was Kerry up by over W at this point in 2004?
(I don't like this one, but fear it's true)
How many people say they'll vote for the black guy with the funny name, but won't?

#3 | POSTED BY KIRK AT 2008-10-14 07:50 PM | REPLY | FLAG:

Electoral Vote Predictor 2004: Kerry 228 Bush 291

electoral-vote.com

(Only took ya one minute that time WISGOD? What a stalker)

#8 | Posted by AMERICANUNITY

I wasn't addressing you. If you want to escalate this, keep it up.

www.rasmussenreports.com

48 to 44 Rasmussen

Zogby by 5

7.4% unsure--that is the number to watch.

The CBS NYT is an outliar poll.

Anything can happen in three weeks and one debate.

Nobody suggested we skip the election: Let's go fer goal.

The Cons can spend the next four years portraying themselves as "victims."

WAAAHHH!

Thinkin' it's the taxpayers who are the victims.

"48 to 44 Rasmussen"


Tuesday, October 14, 2008

The Rasmussen Reports daily Presidential Tracking Poll for Tuesday once again shows Barack Obama attracting 50% of the vote while John McCain earns 45%.

www.rasmussenreports.com

Again, he gets elected because he is not republican.

If the president was a democrat McCain would be ahead.

Meanwhile, the only poll that counts has it:

Obama 66%

McCain 34%

www.electoral-vote.com

"The CBS NYT is an outliar poll.

Anything can happen in three weeks and one debate.

#11 | Posted by MURPHY"


See you in November!

If the president was a democrat McCain would be ahead.


#14 | Posted by sawdust

I'm not sure. He's running a terrible campaign, regardless of Party.

"If the president was a democrat McCain would be ahead."

Posted by sawdust

No he wouldn't.

If the president was a democrat we wouldn't be in this insane financial mess.

zfacts.com

"If the president was a democrat McCain would be ahead."

Has your aunt grown those balls yet?

Zat--

Got them mixed up--

ZOGBY WEDNESDAY: OBAMA 48.2%, MCCAIN 44.4%... NOT SURE 7.4%... DEVELOPING...

From Drudge--

Ras is 50-45. I linked the same link as yours.

""The CBS NYT is an outliar poll."

BTW, it's called an "outlier" poll.

If the president was a democrat McCain would be ahead.

#14 | Posted by sawdust at 2008-10-14 08:14 PM | Reply | Flag:

You're pushing a bit hard on the "accountability" Presidency. It's like, wahoo!, the party who had near total control for the last eight years woke up this morning and found that they were ACCOUNTABLE.

Bummer. Where should I send the card and the flowers?

If the president was a democrat we wouldn't be in this insane financial mess.

zfacts.com


Stop with zee facts! It's not allowed here!

Zat--this entire mess started with Dems--from Cater thru Clinton and now under Bush.

The Dems with their social engineering of everyone whould have a house--regardless of income BS is at the foundation of this mess.

And you think it will get better with a Dem in the WH and majority in both houses?

I gotta voter registration card stamped ACORN on it-and it's legal...

Null--a liar is a liar--;o)

"I gotta voter registration card stamped ACORN on it-and it's legal..."

And your point is what?

If the president was a democrat McCain would be ahead.

Hypotheticals, I like that.

If the banks were taking care of the masses and if the economy was supporting the masses and if wages were supporting families people wouldn't care about the president to be.

If fire bolts came out of mccain butt.

If baghdad bob mccain could really walk down the streets of baghdad like a normal street in the USA.

If if's and but's were candy and nuts, everyday would be christmas.

WisGod-
What about the McCain campaign would you correct? What should they be doing?

"Null--a liar is a liar--;o)"

About what? Prove it or STFU.


How much was Gore beating W by at this point in 2004? And Gore lost! (He couldn't win his *own* state!)


How much was Kerry up by over W at this point in 2004?


(I don't like this one, but fear it's true)
How many people say they'll vote for the black guy with the funny name, but won't?

#3 | Posted by kirk at 2008-10-14 07:50 PM


Kirk- Black buy with the funny name? Fuck'em when you have a 14 pt. lead. If this election was based on the BCS bowl...Obama would be accused of running up the points!! And BTW- Bush and Rove STOLE the election the 2000 election from Gore. Even the anti-conspiracy theorists would agree on that.

The internals of this poll are very revealing:

www.pdfdownload.org

WisGod-
What about the McCain campaign would you correct?
Posted by BetelG

Wave a wand and turn him into a Minority.

The Dems with their social engineering of everyone whould have a house--regardless of income BS is at the foundation of this mess.

Does anyone believe this shit anymore other than Jeff J.? ............Oops, I mean murphy.

Null--I know you detest America capitalism and adore socialism.

If the Dems are in charge this country is down the toilet--you think Bush did a job (which he screwed up many things) you have no idea with these liberals in charge.

And an outlier is an outliar--get it?

CBSNYT--totally bias and unreliable--so sthu..loaded with over dems and blacks in the poll..as always.

Murphy-
re: The Dems with their social engineering of everyone whould have a house--regardless of income BS is at the foundation of this mess.

And, of course, the Republicans were helpless to stop it when they held the Presidency and both houses of Congress?

BTW, what percentage of these sub-prime loans were generated by institutions governed by the CRA, and exactly how did "Dems with their social engineering" force these institutions to make oodles of money off of sub-prime loans and then sell them off as low risk investments(while making oodles of $$ again), you dumbass?

So Money can grace us with his exquisite intellect as to the foundation of this financial mess...

"Zat--this entire mess started with Dems"

Another F in 20th Century American history.

Although Reagan was a democrat before he got Alzheimer's.

WisGod-
I was more asking for a thoughtful follow up to this,
I'm not sure. He's running a terrible campaign, regardless of Party.

#17 | Posted by wisgod at 2008-10-14 08:16 PM | Reply | Flag:

...rather than a "what if Eleanor Roosevelt could fly" kinda thing. But you rarely fail to disappoint.

"everyone whould(sic) have a house"

In Who-ville, no less.

Wave a wand and turn him into a Minority.

#32 | Posted by wisgod at 2008-10-14 08:26 PM | Reply | Flag


McCain IS a minority. He's a POW, and he's been waving that flag for 30 years. He's earned nothing in his life. He's an elitest that has had everything handed to him on a silver platter.

BTW, what percentage of these sub-prime loans were generated by institutions governed by the CRA, and exactly how did "Dems with their social engineering" force these institutions to make oodles of money off of sub-prime loans...

Okay, I'll agree with you on this one.

"Null--I know you detest..."

Murphy, you don't know shit. I could explain my views on socio-economics, but you don't have the intellectual wherewithal to understand it. A blog is not a good forum to explain complex issues of political economy.

You would do bet to just keep posting talking points from the National Review.

Moneywar-
re: Does anyone believe this shit anymore other than Jeff J.? ............Oops, I mean murphy.

#33 | Posted by moneywar at 2008-10-14 08:27 PM | Reply | Flag:

Yes, unfortunately. They've been pushing this nonsense hard on winger blogs and radio. Also, the minorities are stealing elections and voting, like hundreds of times as "Mickey Mouse", etc. And Obama is behind all of it (Well, him and his Marxist co-conspirators and Hamas and Higo Chavez....)

Eberly-
Well, that's at least once, LOL.

Bet--the institutions made up the accounting practices to bundle this shit up and pass it along to the next bank then the investment banks and so on.
Credit swaps (?)

Bet--Repubs are to blame for no oversight--now they have to go forward with making laws against this kind of BS or it will happen again.

In fact it has happened 6 times in the past--so every time there is oversight, rules, regs, put in place--someone figures out a way to beat the rules.

And there needs to be some people arrested--at least an investigation.

But the Dems are at the head of the trough and they won't be calling any investigation of their own.

Throw them all out. There is like 4 people who could stay because they have honesty and integrity--ok maybe 40 out of 535 (?).

So Money can grace us with his exquisite intellect as to the foundation of this financial mess...

murphy, if I thought you would actually read and understand I would grace you but unfortunately you would be back the very next day spouting you crap again.


"You would do bet to "

Should be, You would do best.

Zat--this entire mess started with Dems--from Cater thru Clinton and now under Bush.

read #24--

Should be Carter--starting with Carter thru Bush--

"So Money can grace us with his exquisite intellect as to the foundation of this financial mess..."

Money is a poor writer, but he's ten times smarter than you, Murphy.

Thanks for playing Money

McCain IS a minority. He's a POW, and he's been waving that flag for 30 years. He's earned nothing in his life. He's an elitest that has had everything handed to him on a silver platter.

#40 | Posted by Buffalo_Bob

You could have saved keystrokes, and said Moderate. But I know how to roll.

Murphy-
So we are in agreement that it was lack of regulation and enforceable oversight of these institutions that allowed this predictable catastrophe to occur.

Racism or the Bradley effect will make it close.

Carter was president in 1982?

Who knew?

What I DON'T understand, Murphy, is why you believe that it's Democrats, and not free-market Republicans, who have consistently pushed for deregulation of the financial sector (and every other area).

Murphy,

How come you would deny people who actually qualify for a loan just because they live in watts?

Murphy,

How come you are blaming those people who have qualified for those loans and are paying and keeping to the contract as the ones who are causing this mess?

How much was Gore beating W by at this point in 2004? ...
How much was Kerry up by over W at this point in 2004?

Gore was trailing Bush by from 3 to 11 points in mid-October 2000. Kerry was trailing Bush by from 1 to 4 points on Oct. 1, 2004.

No one has ever overcome a mid-October lead as big as Obama's. Reagan overcame an 8-point lead to beat Carter in 1980, but that's the biggest comeback:

"Since Gallup began presidential polling in 1936, only one candidate has overcome a deficit that large, and this late, to win the White House: Ronald Reagan, who trailed President Jimmy Carter 47 percent to 39 percent in a survey completed on Oct. 26, 1980."

firstread.msnbc.msn.com

If McCain wins this, he'd be setting a new record for presidential comebacks. And he'll be doing it in a period when as many as 30% of the electorate votes early.

Murphy,

Do you really understand what you are saying? Do you actually grasp the information of what you are trying to say and believe it?

You know you are just lying with your ankles up high but don't care.
Posted by moneywar

That isn't going to win you the "DR Class Act" award, old timer.

"GOP smears and false attacks create additional backlash. We aren't falling for it this time."

I hope not. I fear that the great unwashed are exactly THAT stupid. herm

Kirk- Black buy with the funny name? Fuck'em when you have a 14 pt. lead. If this election was based on the BCS bowl...Obama would be accused of running up the points!! And BTW- Bush and Rove STOLE the election the 2000 election from Gore.#30 | Posted by Redsoxfan at 2008-10-14 08:23 PM | Reply

Are the only people who think that Obama MIGHT NOT win this thing ME (solidly white) and BLACK FOLK?

And the REASON is racism.

Obama has one and it will be a land slide, mccain will be lucky to win his own damn state.

Bet--it was a whole litany of bad policies--some with good intentions, but bad results all the same.

It was also OVER-regulation.

It was social engineering that started with Fannie and Freddie to give home loans--push for everyone with a pulse to own a home that could not afford it --no money down--good intention --bad result.

The feds did not help with the long period of low interest rates during a houseing bubble either.

The mark to market was bad regulation. (Oxley?)

Now they have to put in regs to stop this fancy accounting practices to stop the banks unloading loans to the next bank.

Maybe they could hold the starting bank 40% accountable if the loan fails?


But to be sure--you Won't see any laws requiring limits on interest rates or making people put down 20%. That would not allow the practice to continue--and hell knows the Dems still want everyone to own a house with a pulse.

There is worse talk of regulating how much house YOU can have--national rates for rents-nationalizing the banks-it is going so far to the left--we won't recognize our country in 5 years.

Moneywar-
re: How come you would deny people who actually qualify for a loan just because they live in watts?

And that is precisely what the CRA and other Democratic initiatives were about: redlining. This has little to nothing to do with our current crisis, except to stoke the prejudices of the base with tales of how those poor Wall Street power-brokers were FORCED to loan money to the lazy minorities who not only wrecked our economy, but are stealing our elections.

It's despicable.

Do not let polls dissuade you from going to the booth to vote. A scarecrow is propped to scare the birds away. Don't let the media make you think its over before its over.

Everything will boil down to Ohio again. As of yesterday one poll shows McCain leading by 2: 48/46.

That isn't going to win you the "DR Class Act" award, old timer.

Well, murphy wants some class act, address the issue with intellectual honesty instead of the ignored knowing reality to post lying rhetoric of party hackery.

Murphy-
re: It was also OVER-regulation.

I'd love for you to explain how banks were FORCED to loan to people who couldn't pay the loan back.

"That isn't going to win you the "DR Class Act" award, old timer."

I would agree with that. Don't get yourself suspended, Money.

" As of yesterday one poll shows McCain leading by 2: 48/46."

Posted by takitez

[citation needed]

LA Times/Bloomberg 10/10 - 10/13 1030 LV 50 41 Obama +9
CBS News/NY Times 10/10 - 10/13 699 LV 53 39 Obama +14
Rasmussen Tracking 10/11 - 10/13 3000 LV 50 45 Obama +5
Reuters/C-Span/Zogby Tracking 10/11 - 10/13 1208 LV 49 43 Obama +6
Hotline/FD Tracking 10/11 - 10/13 829 LV 48 42 Obama +6
Gallup Tracking (Traditional)* 10/11 - 10/13 2140 LV 51 45 Obama +6
Gallup Tracking (Expanded)* 10/11 - 10/13 2289 LV 53 43 Obama +10
GW/Battleground Tracking 10/08 - 10/13 800 LV 53 40 Obama +13
IBD/TIPP Tracking 10/06 - 10/12 825 LV 45 43 Obama +2
USA Today/Gallup (Traditional)* 10/10 - 10/12 761 LV 50 46 Obama +4
USA Today/Gallup (Expanded)* 10/10 - 10/12 1030 LV 52 45 Obama +7
ABC News/Wash Post 10/08 - 10/11 766 LV 53 43 Obama +10
FOX News 10/08 - 10/09 900 RV 46 39 Obama +7
Newsweek 10/08 - 10/09 1035 RV 52 41 Obama +11

www.realclearpolitics.com

Money--do you read anything?

Where am I blaming the 98% of folks who are paying their mortgages on time?

As of yesterday one poll shows McCain leading by 2: 48/46.

#67 | Posted by takitez at 2008-10-14 08:56 PM | Reply | Flag:

What poll was that? (there's this thing called a hyperlink...)

And not only the the GU that stupid, but the GOP is a party which deems scruples something that holds two pieces of wood together. If the election of 2008 is stealable, they will steal it. herm

If the Dems are in charge this country is down the toilet--

#34 | Posted by MURPHY at 2008-10-14 08:27 PM | Reply | Flag: Flag: (Choose)
FunnyNewsworthyOffensiveAbusiv
e

and we're where right now????

That hash is killing the fuck outa them brain cells.

Thanks, rcade.

We'll see.

It'll be a shitstorm if Obama loses.

Looks like Murphy earned an F in 20th century American history.

I'm shocked; Honest.

One of my reps was a mortgage broker for 2 years from 2005 to 2007 and half of his loans were subprime. Hardly any of his subprime customers were poor or minorities. There were all exclusively middle class folks who were simply shitty spenders. He put them in 90+% LTV with a 3 year ARM to get them qualified. He knew these things would blow up sooner or later.

To be fair.....middle class idiots.

Democrats? Republicans?

WFT is the difference?

It'll be a shitstorm if Obama loses.

Maybe. But personally, if McCain pulls off the highly improbable upset I'm going to take my lumps and try to find joy in the empirical fact that anybody is a better president than George W. Bush.

I do think Obama's going to win, though. And I've been reluctant to even think that thought, much less commit it to a comment.

Bet--do you agree that Fannie and Freddie were loaning to people who did not have the means to pay it back?

They were given like 2 billion dollars from the feds to push loans to minorities. This is all done with the approval of the congress.

Then you have shake down organizations like ACORN going into banks demanding that they give loans to so and so who can't afford it.

Murphy-
When you've done that (which you won't be able to do, no matter how many times Rush repeats it), could you explain how "OVER-regulation" allowed institutions to slice and sell these sub-prime bad debts as low-risk investments to my parents' pension fund and my in-laws' 401K retirement plan?

Besides Obama's clear leads in all areas this little tidbit reinforces how Palin's negative attacks have 'succeeded'.

..........BIDEN .. PALIN
Favorable...43% .. 32%
Unfavorable 34 ... 41

Where am I blaming the 98% of folks who are paying their mortgages on time?

Now you're back peddling.

"They were given like9sic) 2 billion dollars"

Wow.

That's so much more than Bush just gave to his buddies.

9sic) => (sic)

Zat--if you want insist Reagan started the social engineering of everyone should own a house and not Carter--what the freaken-A is the difference?

Damn, I haven't had a mortgage since 1977.

Debt sucks.

They were given like 2 billion dollars from the feds to push loans to minorities. This is all done with the approval of the congress.

Finish this with actual facts, regulations were set to give these loans and guess what, they are not the ones failing.

Nice playin with you.

Being honest is something you should be taught.

Hey I thought 2 touchdowns were 12 and NOT 14. Isn't the extra point just an extra point for getting the well the kick that goes between the two goal posts. If it weren't for Lisa and Her Brett Favre lovefest I wouldn't even be watching football at all. If I am wrong about the 2 touchdowns let Me know.

Larry

'what the freaken-A is the difference?'

Posted by MURPHY


Reality.
Check it out sometime.
It will obviously be a first for you.

Finish this with actual facts, regulations were set to give these loans and guess what, they are not the ones failing.


I would be open to seeing some sort of substantiation of exactly what the demographics are regarding these defaults.

Geography, income, etc...

Murphy-
re: They were given like 2 billion dollars from the feds to push loans to minorities. This is all done with the approval of the congress.

A couple of things-

Fannie and Freddie were laggers in the sub-prime mortgage industry, and the push against redlining was a good thing. The redlining issue has nothing to do with bad loans.I know that the "people" you get your "news" from wish to blame everything on minorities and the poor, but this is a bit obscene even by their standards. Oh, BTW, not only have minorities and the poor, in cahoots with the Marxists and Obama, wrecked the economy, but they are stealing the election by voting as "Mickey Mouse".

I must ask, Murphy, at what point do you realize that you are being fed racially charged toxic bullshit?

"Again, he gets elected because he is not republican.

If the president was a democrat McCain would be ahead.
#14 | Posted by sawdust at 2008-10-14 08:14 PM"

If the economy was doing great...
If we hadn't invaded Iraq...
If our troops had been greeted as liberators...
If the WMD's had been found...
If competition from alternative fuels kept crude oil less than $30/bbl...
If Osama (the REAL one) had been captured...
If the 911 attacks had been thwarted...
If FEMA really Managed Emergencies...
If the dollar's devaluation hadn't happened...
If the federal deficit hadn't expanded so much...

and those are only some of the "highlights".

You're correct that a president (of ANY party) who would have this as a "legacy" would definitely induce the country to vote for a different party.

Eberly-
Use the Googles. While you're at it, try to find the number of actual in-person voter fraud cases the Bush DOJ was able to successfully prosecute even after they fired and replaced the Republicans who tried to find evidence of it, and yet couldn't.

ACORN to McCain: Have You Lost That Loving Feeling?
October 13, 2008

Senator Allied with ACORN as Recently as 2006, Now Turns Cold Shoulder

October 13, 2008, Miami, FL - U.S. Senator John McCain's recent attacks on the Association of Community Organizations for Reform Now (ACORN) are puzzling given his historic support for the organization and its efforts on behalf of immigrant Americans. As recently as February 20, 2006, Senator McCain was the keynote speaker at an ACORN-sponsored Immigration Rally in Miami, Florida at Miami Dade College Wolfson Campus.

The rally, co-sponsored by ACORN in partnership with the New American Opportunity campaign (NAOC), Catholic League Services Archdiocese of Miami, Florida Immigrant Advocacy Center, Florida Immigrant Coalition, Miami Dade College, People for the American Way/Mi Familia/Vota en Accion, the Service Employees International Union, and UNITE/HERE, was intended to call attention to the need for comprehensive immigration reform.

Senator McCain spoke at the rally attended by hundreds of ACORN members, most of whom were dressed in the red shirts typical of its members. Senator McCain's speech focused on the Secure America and Orderly Immigration Act, a bipartisan, comprehensive reform bill, which McCain sponsored with Senator Ted Kennedy (D-MA).

Bertha Lewis, Chief Organizer of ACORN, said, "It has deeply saddened us to see Senator McCain abandon his historic support for ACORN and our efforts to support the goals of low-income Americans. Maybe it is out of desperation that Senator McCain has forgotten that he was for ACORN before he was against ACORN; he was for immigration reform before he was against immigration reform; and he was a maverick before he became erratic. We were thrilled to partner with him to help reform the outdated immigration laws in this country, and were pleased to work closely with him on this issue."

Lewis continued, "We expected Senator McCain to support our efforts to give voice to millions of Americans who have never participated in an election before. We are surprised at his efforts to vilify an organization that, until recently, he saw as an ally. Maybe this surprise attack and change of heart is indicative of his state of mind, and the way he would govern."

Senator McCain and his campaign have recently launched a series of coordinated attacks on ACORN, the nation's largest community organization of low-and moderate-income families.

Ms. Lewis went on to say that, "We are sure that the extremists he is trying to get into a froth will be even more excited to learn that John McCain stood shoulder to shoulder with ACORN, at an ACORN co-sponsored event, to promote immigration reform."

Senator McCain was joined at the rally by Rep. Kendrick Meek (D-FL), Rep. Lincoln Diaz-Balart (R-FL), leaders from both political parties, immigrant communities, and members of labor, business, and religious organizations.

www.acorn.org[tt_news]=22386&tx_ttnews[backPid]=12387&cHash=5706e23a2f

Zat--you are probably right--the feds gave Fannie and Freddie more than 2 billion.


Money--where am I blaming 98% of the folks paying their mortgage on time?

Isn't the entire conversation right now about the bad loans to people who can't afford them?

You brought it up--and now you are back peddling.


Bet--the banks bundled the loans and sold them to the next level. Mortgage banks then bundled them and sold them to the investment banks.

They claimed they were insured--but that was a lie. Some might have been insured but then the loans failed and so did the insurance companies that could not pay the claim of the bad loans.

It used to be if you did not put down 20% you have to buy PMI insurance. But the banks ignored those good banking practices and waived it --because they either took the risk or sold the bundle down the road for the next level to worry about.

All along the way they made money kicking the bundle down the road.


And Bet--what I would like to know is how all this shit affected the World globally?? Did you read that Ireland announced they would insure all deposits/money in all of their banks--right. Then most of Europe started dropping their money into Ireland banks. Made Ireland real fat--but the EU banks were having heart attacks.

And all this spitting out of money--is going to come back and bite us in the rear--big time.

"anybody is a better president than George W. Bush"

Unless McCain croaks.

I was going to write in Paris Hilton as a poor substitute for "non-of-the-above" but McCain's going with the dittohead coalition imbecile was too much.

Huckabee would be an improvement.
Romney or Giuliani would be better choices than McCain.
But this worthless, stupid bimbo ........

Hell, I'd rather have "nanc" and Murphy.

If you're hoping for McCain, never ever let the liberal media fool you into giving up. There is a coordinated efforts going on to prop up Obama and twist every events into a negative for the other.

Example: McCain supporters are angry; Obama supporters are showing righteous anger.... blah blah blah....

Remember the SCARECROW effect: to scare the birds. No matter what, go and vote on the 4th and strike a November surprise!

"If it weren't for Lisa and Her Brett Favre lovefest I wouldn't even be watching football at all."

WOOOOOOOO HOOOOOOOOOOOOOO!!!!!

Larry's watchin' football!!!

Murphy-
re:They claimed they were insured--but that was a lie. Some might have been insured but then the loans failed and so did the insurance companies that could not pay the claim of the bad loans.

The leverage restrictions were relaxed in 2004 by Bush's appointee to the SEC. Some of the other relaxations of oversight you inferred to were championed by Phil Gramm, formerly McCain's chief economics advisor (until he called you a whiner).

While you're at it, try to find the number of actual in-person voter fraud cases the Bush DOJ was able to successfully prosecute even after they fired and replaced the Republicans who tried to find evidence of it, and yet couldn't.

I could look up Paula Dean's recipie for apple pie on the "googles".

take your rant to another thread.

Yeah all because of You Lisa. Football in the winter and WOMEN'S Softball Thanks to Murphy in the summer. fucked up I tell You.

Larry

The Community Reinvestment Act of 1977 was the result of decades of disinvestment in poor and working-class neighborhoods. It was designed to put an end to "red-lining" -- a widespread practice in which banks refused to write mortgages for houses in certain neighborhoods, no matter who was applying or how creditworthy they were.

The Fair Housing Act of 1968 had made it illegal for real estate agents and banks to discriminate against homeowners on the basis of race. Red-lining soon emerged as a not-so-subtle way to continue this discrimination, by declaring, ahem, certain neighborhoods as unfit to invest in. By 1977, the results of this practice were becoming all too obvious, so Congress stepped and gave lenders a choice: if you want the FDIC to insure your deposits, you need to knock off the redlining.

The CRA didn't force lenders to make riskier loans than they would have otherwise. It simply required that they take each applicant on his or her own merits, and give people in poorer neighborhoods the same fair chance at a mortgage that everybody else in town was getting. It wasn't about preferential treatment. It was just about basic equality.


Come on murphy, lets see how this is such a bad thing and how it caused the problems we have today.

"Yeah all because of You Lisa. Football in the winter and WOMEN'S Softball Thanks to Murphy in the summer."

YAY FOR LISA AND MURPHY!!!!

We're gonna make a jock out of you yet!! : )

The CRA has encouraged banks to lend fairly and responsibly for over 30 years. It does not impose fines. It does periodically examine FDIC-backed banks, and issues them a CRA compliance rating. A highly-rated bank must meet the financing needs of as many community members as possible, and must not discriminate against racial and ethnic groups or certain neighborhoods. However, a bank will not receive a high rating unless it is also maintains "safe and sound banking practices."

In other words, the CRA requires banks to lend to working-class families and people of color -- but only when those people have been deemed as creditworthy as anyone else.


Read murphy, it clearly shows what you say is a lie but I am sure tomorrow we will be reading the same lying crap all over again.

Larry likes Women's Softball too--;o)

The CRA only applies to FDIC member banks and thrifts. Back in the 1970s, these institutions were responsible for most of the country's mortgage lending. But starting in the 80s and on up to the present, we saw a huge boom in lending businesses-- such as finance companies like Countrywide -- that weren't banks, and didn't take deposits that required FDIC insurance. Thus, they didn't have any obligation to the CRA. And they were free to set their own lending standards, which were often far less cautious than those required of FDIC-insured banks.

Wow! Looks like murphy is eating crow, the real question is murphy going to admit it.

Money--I know what the CRA says and how the system is supposed to operate.

So explain what the phuck happened--if the banks, lenders, brokers issued loans within these guidelines and the system failed--collasped really?

They didn't follow the good business practices--now did they?

They loaned to people who wanted too big of a house, speculators, and people who could not afford the loan. Gave out equity lines and the market fell.

Then you have folks who had a hardship--but the demographics would be interesting.

Now, here comes the real kicker and making murphy look like the ass of all asses.

An analysis of Home Mortgage Disclosure Act (HMDA) data in the country's 15 biggest metropolitan areas found that 84.3% of the high-cost loans made in 2006 were originated by non-CRA lenders -- including 83% of high-cost loans to low- and moderate-income individuals. The Federal Reserve notes that, across the country, non-CRA lenders were twice as likely as CRA lenders to issue subprime loans to vulnerable borrowers. Furthermore, the Fed also reports that responsible mortgages made by CRA lenders have about the same low rate of foreclosure as other traditional mortgages.

Eberly, this may answer some of your question.

Murphy, now tell us, are we going to hear more of your lyin crap? Or are you going to be honest and admit that you MISSPOKE about this issue.

Good job Money!!!

But, I think we all could do without the name calling. : )

The age of the wonder computer. O'Connell has a lot of work to do.

"But, I think we all could do without the name calling. : )"

My friend Money doesn't engage in name calling. Unless it's deserved, of course.

So explain what the phuck happened--if the banks, lenders, brokers issued loans within these guidelines and the system failed--collasped really?

They didn't follow the good business practices--now did they?

Well, if you would actually read what was posted you would find the answer. Once again you show your ignorance in posting what you want to think instead of knowing the actual answer.

Those bad loans were not created by the regulations of YOUR supposed hated democrats, they were loans outside the regulation which was those greedy rich financial wizards of the neoliberal republican supporters.

Sorry to put a slap in your face but maybe, just maybe, next time you will refrain from talking rush points and actually get some facts.

Also murphy, it would be better for the nation, regardless of party, if we printed actual credible information so both sides could make well founded judgements. It is apparent the republicans purposely mislead so they don't look so bad.

My friend Money doesn't engage in name calling. Unless it's deserved, of course.

Nulli,

Thanks, ditto.

Lisa,

How is my blue eyed italian sweet pea doing?

Nulli,

Have you been reading any of henry liu lately?

Coming out with some pretty good stuff, reminds me of Krug.

"How is my blue eyed italian sweet pea doing?"

Money, I'm beyond wonderful!!

Hope the same is true with your life.

Innie,

Things are good, kids still in college and work is busy. My youngest came home this weekend and was nice to see her.

Henry Liu is always worth reading, my friend. I just wish I had the time to read all the excellent articles I come across.

Money--I found your links of the non CRA lenders--

Still looking for names of those that did the lending..

And I agree that in order for this to not happen again--all of the causes have to be put on the table to be corrected.

Nulli,

The Complete Henry C K Liu

Lots and lots of good interesting reading.

:The Complete Henry C K Liu

Lots and lots of good interesting reading."

Thanks, Money! Lotsa of great reading there.

Here's an article you might like...

www.alternet.org

Money--

From reading the links--it appears that the CRA banks created non CRA lending under different names in order to issue subprime loans.

So we have Citigroup, Wells Fargo, WAMU, JP Morgan Chase.

They issued the subprime loans--(not just them).

There was an econ professor from Harvard that was explaining the MBS and the credit swaps that really hammered the banks. (I think this was on FOX special Economy?)

He also stated that the US has experienced this finanacial collapse 6 times since WW2 (?) And it was over the housing market.

Oh--and stay away from Green Tree and the like off the internet.

www.innercitypress.org

What a kick it is watching the right squirm and blame this on Carter rather than the deregulation that led to "mortgage" companies springing up like dandelions in April - who's loans were bundled and supported by risky financial instruments even those at financial institutions have a hard time explaining (and keep out of sight of the bottom line numbers shareholders see).

This didn't happen until Gramm inserted those pages in the Omnibus bill 8 years ago and the unregulated sector didn't police itself os the 'free market' 'no regulation' crowd said they would.

Hell, let's find some stuff on Truman. He must be at fault in there somewhere too, right?

I'll take the under. Any amount.


Once upon a time in a village, a man appeared and announced to the

villagers that he would buy monkeys for $10 each.

The villagers, seeing that there were many monkeys around, went into

the forest and started catching them. The man bought thousands at $10

and, as supply started to diminish, the villagers stopped their effort.

He further announced that he would now buy monkeys at $20 for each.

This renewed the efforts of the villagers and they started catching

monkeys again. Soon the supply diminished even further and people

started going back to their farms. The offer increased to $25 each, and

the supply of monkeys became so small that it was an effort to even

find a monkey, let alone catch it!

The man now announced that he would buy monkeys at $50! However, since

he had to go to the city on some business, his assistant would now buy

on behalf of him.

In the absence of the man, the assistant told the villagers. "Look at

all these monkeys in the big cage that the man has collected.

I will sell them to you at $35, and when the man returns from the

city, you can sell them to him for $50 each."


The villagers rounded up

all their savings and bought all the monkeys.

They never saw the man nor his assistant again, only monkeys everywhere!



Now you have a better understanding of how Wall Street works.

Hey I thought 2 touchdowns were 12 and NOT 14.
Larry

Larry - correct, but the extra points are almost always made; therefore 2 touchdowns are generally considered 14 points. I'll avoid talking about 2-point conversions, however; we don't want your head to explode :)

Either way (12 or 14) Obama's got a pretty insurmountable lead.

one possible reason for polls result:
While Palin believes the earth is only 6000 yrs old, all 65 of 2008 Nobel prize winning scientists have endorsed Obama. This has never happend before. As a side note, none of the 65 believe dinosaurs walked with man as does Palin.

Gore won a Nobel prize - enough said about those endorsements.

"Gore won a Nobel prize - enough said about those endorsements."
yes, it lead to worldwide acclaim, made him more famous and highly admired!

SurveyUSA has a lot of good habits as a pollster, and one of them is breaking out the results of early and absentee voting in states where such things are allowed. So far, SurveyUSA has conducted polling in five states where some form of early voting was underway. In each one, Barack Obama is doing profoundly better among early voters than among the state's electorate as a whole, based on these early results Obama is projected as the winner by a large margin.