On Mon, 29 Sep 2008 16:58:14 -0500, "amdx" wrote:


"Jim Thompson" wrote in
message ...

Under WHOSE Watch ?????

http://query.nytimes.com/gst/fullpag...=&pagewanted=1

Note the date, you liberal FASCISTS ;-)

...Jim Thompson
From the article;
''From the perspective of many people, including me, this is another thrift
industry growing up around us,'' said Peter Wallison a resident fellow at
the American Enterprise Institute. ''If they fail, the government will have
to step up and bail them out the way it stepped up and bailed out the thrift
industry.''

Peter's article May 2005 "Now it gets serious"
http://www.aei.org/publications/pubI...pub_detail.asp


10-30-07
http://www.bloomberg.com/apps/news?p...d=a_l2_kTFSFGU
Peter's quoted here,
A loss of confidence in the companies could prompt investors to dump FHLB
debt, potentially causing the collapse of one or more banks, according to
Peter Wallison and lawmakers including Representative Richard Baker of
Louisiana. If others were unable to meet the liabilities, taxpayers would be
on the hook, they said.

and nobody listened,
Mike


....and nobody listened :-(

...Jim Thompson
--
| James E.Thompson, P.E. | mens |
| Analog Innovations, Inc. | et |
| Analog/Mixed-Signal ASIC's and Discrete Systems | manus |
| Phoenix, Arizona 85048 Skype: Contacts Only | |
| Voice480)460-2350 Fax: Available upon request | Brass Rat |
| E-mail Icon at http://www.analog-innovations.com | 1962 |

Viewed from afar, even whores and Democrats seem reputable