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Panthera Pardus Nigresco
10-10-2008, 02:06 PM
Inlight of all that's happened with American banks, USAA is strong. Here's where the civilians could LEARN a great deal from the military.....
Kofschip
10-10-2008, 07:47 PM
Inlight of all that's happened with American banks, USAA is strong. Here's where the civilians could LEARN a great deal from the military.....

I like how you are biased Panther......:thumbs up:
Uncleal
10-10-2008, 11:01 PM
Inlight of all that's happened with American banks, USAA is strong. Here's where the civilians could LEARN a great deal from the military.....

Yes perhaps they could learn a lot from the military, but they're a bit late

If the banks said NO to Jimmy Carter, a lot of this could've been prevented. ;)
Panthera Pardus Nigresco
10-10-2008, 11:06 PM
If the banks said NO to Jimmy Carter, a lot of this could've been prevented. ;)

So you're in effect blaming the banks for not having any balls...

Carter is innocent...:thumbs up:
Uncleal
10-10-2008, 11:43 PM
The whole sub prime mortgage debocle started during the Carter administration, so Jimmy is just as innocent as Barney Frank and Chris Dodd which ain't say'in a whole lot
Panthera Pardus Nigresco
10-11-2008, 11:37 AM
The whole sub prime mortgage debocle started during the Carter administration,

Didn't Carter have a republican congress - If so, don't forget to blame them too ....:thumbs up:
Skarbo
10-11-2008, 01:36 PM
Didn't Carter have a republican congress - If so, don't forget to blame them too ....:thumbs up:

Nope..........
1st 2 years
61 vs 39........Dems in the senate
292 vs 143.....Dems in the house
http://en.wikipedia.org/wiki/95th_United_States_Congress

2nd 2 years
58 vs 42 ....... Dems in the senate
277 vs 158...... Dems in the house
http://en.wikipedia.org/wiki/96th_United_States_Congress

Damn near veto proof :faintthud:
Panthera Pardus Nigresco
10-11-2008, 01:52 PM
Fair enough then...democrat initiated...

But....
The Republican presidents & congress during the 80's/90's could've stopped it eh? or attempted turn things around - However, it appears like it wasn't in their best interests to do so...

Kudos to McCain though.....:)
Uncleal
10-11-2008, 02:15 PM
Now I can only provide visual proof back to 2004, but the Democrats when confronted with questions, swore on a stack of bibles. There was nothing wrong with Fannie or Freddie
http://www.youtube.com/watch?v=_MGT_cSi7Rs

So somebody might be full of ****, who might it be?:dead:
Panthera Pardus Nigresco
10-11-2008, 02:56 PM
Now I can only provide visual proof back to 2004, but the Democrats when confronted with questions, swore on a stack of bibles. There was nothing wrong with Fannie or Freddie
http://www.youtube.com/watch?v=_MGT_cSi7Rs

So somebody might be full of ****, who might it be?:dead:

So then....
Why would Bush "reward" Fannie Mae with a bail out then?

Why not just leave them "off the bailout" list...?
Uncleal
10-11-2008, 03:16 PM
If you look abit back in history, the Bush bailout plan, that failed passage, was but 3 pages, only after our Democrat controlled Congress, added it's two cents, it became the 451 page Monster :unhappy:
Skarbo
10-11-2008, 04:09 PM
So then....
Why would Bush "reward" Fannie Mae with a bail out then?

Why not just leave them "off the bailout" list...?

Freddie and Fannie ARE the bailout
Panthera Pardus Nigresco
10-11-2008, 04:32 PM
AIG asked for an additional 85 billion to what they already received...
Snuffy
10-11-2008, 04:37 PM
Because ultimately P, it all boils down to the American people.

President Bush was trying to look out for the betterment and welfare of the American people.

It wasn't until the dems got their hands on the document did it become something more than it should have been.

Lots of plain average Americans have home loans through Freddie and Fanny. Many of them stand to loose their homes. President Bush was looking out for the many.
Panthera Pardus Nigresco
10-11-2008, 04:50 PM
Lots of folks that I work with thought the banks should've been left to rot...
Snuffy
10-11-2008, 04:54 PM
Some of the most recent activity of wall street too would have proved that if congress would have kept their noses out of the way and kept their hands out of the American's peoples pockets, that the system would have righted itself eventually.

The recent tanks of the market are all because of activity by the federal government to control something that might not need controlled in that fashion at all.