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Jimbo Jimbo is offline
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Default O/T: The Bail Out

On Sep 25, 12:02*pm, Larry Blanchard wrote:
On Wed, 24 Sep 2008 21:58:32 -0700, Mark & Juanita wrote:
*Yep, despite the fact that the congress-critters like Barney Frank and
Chris "Country-wide" Dodd caused the problem by using Fannie Mae and
Freddie Mac as their own playground to essentially socialize the mortgage
market by setting standards so low that just about anybody could get a loan
to buy a house, these congress-critters are going to continue get
re-elected and now get even more taxpayer money to "manage" the bail-out of
the problem they caused.


And of course Phil Gramm couldn't possibly have had anything to do with
it. *After all, John McCain relies on his advice. *And we all know he
wouldn't associate with a crooked politician, would he?


In 1989 when the Berlin Wall fell, it was described as the Fall of
Communism. In 2008, Wall Street fell: can this be described as the
Fall of Capitalism?