One screw loose for being a democrat? Please…And Bush 1 and 2 has this country rocking and rolling in riches…right? I’ll take Warren the Democrat over Bush any day of the week.
Article states: “…Sept. 13-14 weekend, when regulators and financial industry executives were holding emergency talks on problems that included the fate of Lehman Brothers Holdings Inc., which filed for bankruptcy protection on Sept. 15….”
So once again we have the “GOOD OLE BOYS” club meeting to see who will get what and who will control what markets…….How much will we charge…..Who will be CEO of this or that……ect…Nothing CHANGES
I don’t have a problem with Warren; I think he is probably more honest and trustworthy than most.
I just can’t figure out why in the world he is a democrat.
Stop your wining. If you took some of the effort that you are using to complain and applied it towards growing your career you may enter that “good ole boys club”.
There is plenty of opportunity for those that are capapable of making things happen.
However, it doesn’t sound like you are a go-getter.
Do you SERIOUSLY have any idea what control the president (any president for that matter – of any party) has over the current situation?
Bush (and some in Congress) noticed the problems with Freddie and Fannie years ago and wanted to do something to fix it, others in Congress worried what thier constituents (read: deadbeats buying houses they can’t afford) would be upset at them so they killed it.
The President has limited at best control over the daily operations of the economy, The Federal Reserve and Congress are more in control of what happens with your money and, if you want to get all (R) vs (D) the Democrats are in control now – this happened on their watch.
Still, I’m not blaming them. This goes WAY beyond your silly hatred of Bush or my rediculous aversion to anything that ends with a (D).
Hopefully those in charge will act quickly and not get caught up in your sophmoric “I hate Bush I and II” dribble.
My research so far shows me that this was a joint effort by both political parties attempting to further their own agendas. Neither Bush had anything to do with it. However, the names Gramm(R), Leach(R), Bliley(R), Clinton (Bill)(D), etc do pop up. Both Dems and Repubs opened the door to Pandora’s box.
And as for the current ‘saviors’ in Congress, guess who tops the list of recipients of $$$$$ donations from Fannie Mae?? That would be Chris Dodd, chrmn of the Senate Banking Committee(#1) and #2 is Barack Obama…..followed by Hillary, John Kerry, Barnie Franks and a few non-descript Republicans. Yeah, they saw this coming but were too busy counting their campaign donations to do a damn thing.
I think Warren is a throw back to the days of multi-dimensional thinking politically. Who remembers the days when both parties had rightwing, leftwing and moderate members who fought among themselves for party control. Does the term Dixiecrat ring any bells?? Nowadays both parties have a label…Dem=liberal and Repub=conservative and are less diverse than 40-50 years ago.
Back to Warren….I think Warren is a mix of conservative business practices tied to a socially liberal view. He knows how to protect and build assets but also feels that to those to whom much is given, much is also expected. Remember, virtually all of his billions go to a charitable foundation when he calls it a day.
The Wall Street Journal publish an opinion article written by 2 Repubs and 2 Dems calling for Federal Regulation of Insurance Companies based on the AIG collapse.
Apparently neither side of the isle understands anything! It wasn’t bad insurance…. it was investments in sub-prime mortgage back securities.
But in typical political fashion, the politico’s want to throw money at the problem and make it go away. Only a few on captital hill have an issue with handing out billions to companies to bail them out just because their management made poor business decisions and lacked good judgement and ethics. As long as they were getting rich… who cared if it was wrong.
But I’m sure the good ol’ boys will come out richer at the end of this mess and the average american will be homeless.
One screw loose for being a democrat? Please…And Bush 1 and 2 has this country rocking and rolling in riches…right? I’ll take Warren the Democrat over Bush any day of the week.
Article states: “…Sept. 13-14 weekend, when regulators and financial industry executives were holding emergency talks on problems that included the fate of Lehman Brothers Holdings Inc., which filed for bankruptcy protection on Sept. 15….”
So once again we have the “GOOD OLE BOYS” club meeting to see who will get what and who will control what markets…….How much will we charge…..Who will be CEO of this or that……ect…Nothing CHANGES
So much for Capitalizm in America!!!!!
Well, if any of the non-Good ole Boys had $44.33 billion to spend, I bet they would have a welcome place at the table of capitalism too.
Warren Buffett is my “Hero” and I’m no boy!
I don’t have a problem with Warren; I think he is probably more honest and trustworthy than most.
I just can’t figure out why in the world he is a democrat.
Hey,
Stop your wining. If you took some of the effort that you are using to complain and applied it towards growing your career you may enter that “good ole boys club”.
There is plenty of opportunity for those that are capapable of making things happen.
However, it doesn’t sound like you are a go-getter.
FOR PRESIDENT!
What a great article. This guy deserves his billions.
AMEN! I don’t understand it either. For someone who has a load of sense… GUess that one screw is a little loose.
Do you SERIOUSLY have any idea what control the president (any president for that matter – of any party) has over the current situation?
Bush (and some in Congress) noticed the problems with Freddie and Fannie years ago and wanted to do something to fix it, others in Congress worried what thier constituents (read: deadbeats buying houses they can’t afford) would be upset at them so they killed it.
The President has limited at best control over the daily operations of the economy, The Federal Reserve and Congress are more in control of what happens with your money and, if you want to get all (R) vs (D) the Democrats are in control now – this happened on their watch.
Still, I’m not blaming them. This goes WAY beyond your silly hatred of Bush or my rediculous aversion to anything that ends with a (D).
Hopefully those in charge will act quickly and not get caught up in your sophmoric “I hate Bush I and II” dribble.
My research so far shows me that this was a joint effort by both political parties attempting to further their own agendas. Neither Bush had anything to do with it. However, the names Gramm(R), Leach(R), Bliley(R), Clinton (Bill)(D), etc do pop up. Both Dems and Repubs opened the door to Pandora’s box.
And as for the current ‘saviors’ in Congress, guess who tops the list of recipients of $$$$$ donations from Fannie Mae?? That would be Chris Dodd, chrmn of the Senate Banking Committee(#1) and #2 is Barack Obama…..followed by Hillary, John Kerry, Barnie Franks and a few non-descript Republicans. Yeah, they saw this coming but were too busy counting their campaign donations to do a damn thing.
I am encouraged.
I think Warren is a throw back to the days of multi-dimensional thinking politically. Who remembers the days when both parties had rightwing, leftwing and moderate members who fought among themselves for party control. Does the term Dixiecrat ring any bells?? Nowadays both parties have a label…Dem=liberal and Repub=conservative and are less diverse than 40-50 years ago.
Back to Warren….I think Warren is a mix of conservative business practices tied to a socially liberal view. He knows how to protect and build assets but also feels that to those to whom much is given, much is also expected. Remember, virtually all of his billions go to a charitable foundation when he calls it a day.
The Wall Street Journal publish an opinion article written by 2 Repubs and 2 Dems calling for Federal Regulation of Insurance Companies based on the AIG collapse.
http://online.wsj.com/article/SB122212967854565511.html
Apparently neither side of the isle understands anything! It wasn’t bad insurance…. it was investments in sub-prime mortgage back securities.
But in typical political fashion, the politico’s want to throw money at the problem and make it go away. Only a few on captital hill have an issue with handing out billions to companies to bail them out just because their management made poor business decisions and lacked good judgement and ethics. As long as they were getting rich… who cared if it was wrong.
But I’m sure the good ol’ boys will come out richer at the end of this mess and the average american will be homeless.