Austin Cassidy’s Independent Political Report has this:
http://www.independentpoliticalreport.com/2008/07/ron-paul-vs-bob-barr-on-fanniefreddie/
That Ron Paul believes Fannie Mae and Freddie Mac should be allowed to fail seems a predictable stance from this former candidate but I want to find out more of what Dr. Paul thinks would result from the crash and how it would affect all the mortgages and families involved.
Perhaps the newly created homeless from such a failure can move in with the Paul family…?
My innate mistrust of the Fed says that their “help” with Fannie/Freddie is more a power play for their own purposes especially considering that they and other financial ‘experts’ had to have known that the subprime meltdown with its homelessness would result from squirrelly lending practices which Wall Street pretended were such a good (short-term) idea.
That these financial mavens have played fast and loose with the common man’s home, livelihood, and credit rating these last BUSH and CLINTON years amounts to fraud, imho. But I was raised by a father born in 1908, a man who never cheated another person out of a penny in his entire life. No fancy degrees for him from Harvard or Yale, just honesty and integrity.
My dad could’ve taught these whippersnappers a thing or two about how to treat their fellow men but somehow these varmints (and their political enablers) insist that they’re morally above the common man. Yet many of us know just how wrong they are as they wallow in their hubris – hubris which invites and assures the divine retribution of nemesis to one’s doorstep.
Listen and you can hear a future George Bush with boots kicked back on the porch of the Bush Family compound in Paraguay as he chortles over his ill-gotten gains and all the wool he pulled over the eyes of the common man.
The upcoming US Secondary Progressed Full Moon in December indicates going as far as we can go and pull back must be the result. The Republican Party had the same progressed lunation pre-November elections 2006 and we hear in the news about the GOP’s need to rebuild and improve their image if they hope to shine brightly again.
That the R Party is waning is no loss in my political book, but the waning of America – and with the US Mars now Rx by progression for the next 80 years (which supports the ‘gone as far’ factor and a stressed out, over-used military) – is a different situation altogether.
No, Third World status isn’t the worst thing in life if materialism can take a more honest position within the national psyche…down there with the power elite’s true condition before their Maker – no better than anyone else and culpable for much larger crimes than the common man could ever imagine, let alone willingly perpetrate.
Okay, I’ll hush my populisms for now. It IS Frisky Friday after all!
~see my Page-in-progress on the US Progressed Full Moon in Virgo:
http://judecowell.wordpress.com/us-progressed-full-moon-in-virgo-122408/
judecowell Said:
on July 28, 2008 at 3:28 pm
Dear CongressCheck,
Your last comments seem to relate to nothing on this blog and therefore are not published. You understand. Your link is added though. jude
judecowell Said:
on July 27, 2008 at 6:53 pm
So….Englishmen aren’t men? ;p
A Scotsman will do nothing that ruins his career, J.M. Barrie said and he should know. Of course then you must wonder what happened to Blair and Brown.
Kissinger Said:
on July 27, 2008 at 9:31 am
He who has a why to live for can bear almost any how. Man does not strive for pleasure; only the Englishman does.FriedrichWilhelmNietzscheFriedrich Wilhelm Nietzsche
judecowell Said:
on July 27, 2008 at 4:37 am
Thanks for your comment! but now i shall fret that i’ll be caught in the stupid net…so here’s one quick question for you: who’s holding the net?
Human kind has been using negative escapism for centuries and will continue–’enforcement’ will continue to be semi-effective and shady at best, population control at worst. Make laws so you can ‘catch’ inconvenient individuals and store them away…while ‘lawmakers’ do what pleases them behind closed doors.
It’s been years since I lived in DC but it’s inconceivable to me that the city is no longer overflowing with anything you fancy as it was then…has anything changed there? Puh!
Seems to me that drug use indicates that society’s ills are not being honestly dealt with and that many people are desperate for a pressure valve. Misuse only creates more troubles, of course (one’s personal control can be so easily lost – yet no one believes it before they begin whichever poison they prefer) but short-sightedness is a human condition as well.
All the above is personal conjecture, of course! You Should Never Taunt Happy Fun Ball… jude (SNL, thanx)
9/11 Truth Said:
on July 26, 2008 at 10:20 pm
No drug, not even alcohol, causes the fundamental ills of society. If we’re looking for the source of our troubles, we shouldn’t test people for drugs, we should test them for stupidity, ignorance, greed and love of power.PatrickJakeO%27RourkePatrick Jake O’Rourke
judecowell Said:
on July 18, 2008 at 10:52 pm
Thanks, Perry, how helpful of you to post!
Yes, a populist case must be made since the common man (therefore the common good) is at the very base of power’s pyramid and ultimately bearing the weight as it collapses.
It’s a question of who has everything to lose and who has the plumper velvety cushions underneath their luxury lovin’ patooties.
It’s ‘climbing over others for fulfilment’ which (I can’t help it) – seems pathological to me.
It’s actually no comfort to me that in the end a world may be sacrificed by the hubris of those who imagine that they can control the fall to their advantage bwo mind games and a ruthless disregard for their fellow man – with population control being an integral pillar in their power structure’s future endeavors.
And yet I say: Happy Weekend to you and yours! jude
Perry Munger Said:
on July 18, 2008 at 9:43 pm
When a mortgage institution fails, those whom it has lent money see no difference normally. All it means is that those who have lent the mortgage company money lose money as its ‘assets’ (those loans still paying up) go into receivership to be auctioned to defray its liabilities (bad loans). So, if a given person is paid up, they will see no difference. Letting those two bad apples fail only really hurts big bankers and bailing them out helps big bankers.
If a populist case could be made, it is that a lot of people have their retirement savings partially tied up in this.