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PoliGAF 2nd Pres. Debate 2008 Thread (DOW dropping, Biden is off to Home Depot)
- Thread starter Amir0x
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phalestine
aka iby.h
castle007 said:
yup. 1 hour and 25 minutes to go
V
Vennt
Unconfirmed Member
One of the greatest things about Nate's rise was way way way back in the primaries, when he posted regularly on Dkos as Poblano, and one of his critics (a Hillary supporter I believe) said in a comment thread that nobody would take any notice of his figures because it was... get this.. too much "inside baseball"... :lol - This was before it was known about Nates other stats love 
Vennt said:One of the greatest things about Nate's rise was way way way back in the primaries, when he posted regularly on Dkos as Poblano, and one of his critics (a Hillary supporter I believe) said in a comment thread that nobody would take any notice of his figures because it was... get this.. too much "inside baseball"... :lol - This was before it was known about Nates other stats love
Poor Cubbies
How do Obama-supporters respond to this article about Obama's support of ACORN and democrat pressure groups lobbying for Fannie Mae and Freddie Mac to lower mortgage standards?
http://article.nationalreview.com/?q=ZjRjYzE0YmQxNzU4MDJjYWE5MjIzMTMxMmNhZWQ1MTA=
http://article.nationalreview.com/?q=ZjRjYzE0YmQxNzU4MDJjYWE5MjIzMTMxMmNhZWQ1MTA=
maniac-kun
Member
updated a bit:
:lol
The Librarian
Banned
Wasn't the McCain campaign trying this whole "you don't know him" routine a couple of months back, found out it wasn't working, and moved on to something else? Why try it again and expect a different outcome?Slurpy said:
The Chosen One
Member
Fatalah said:
538 is just a bunch unproven psuedo election math that usually favors Obama signicantly so liberals flock to it.
I don't get why a lot of people here put tons of stock into it.
Justin Bailey
------ ------
It's really like they're trying to pretend it's 6 months ago :lolSlurpy said:
RurouniZel
Asks questions so Ezalc doesn't have to
CharlieDigital
Banned
Tim-E said:
This is the best nickname ever :lol
I chuckle to myself a bit every time I read it.
MassiveAttack
Banned
GDJustin said:
McCain is listed at 5'7" but thinks he's 7'5". Pathological narcissism is a terrible thing.
MassiveAttack
Banned
Tamanon said:
I was going to say... anyone willing to bet on how many times McCain actually looks at Obama?
Here's my bet: once.
CharlieDigital
Banned
StoOgE said:
From zompist: http://zompist.wordpress.com/
The consies have figured out who to blame for the meltdown of the financial industry: poor minorities! Yes! Nothing to do with the insane lending practices of rich white men in an unregulated shadow banking system; its all the fault of government forcing helpless bankers to sell houses to the darkies!
Daniel Gross has a must-read response to this nonsense:
http://www.slate.com/id/2201641/
The CRA is about as far from a possible culprit as you could find. Its purpose was to prevent redlining: banks practice of accepting deposits from poor neighborhoods but not lending there, which is not only immoral but stupid. As Gross notes, sensible lending to the poor is quite possible: e.g. Nehemiah Homes has built and sold homes to the poor in New York for 27 years, and run into 10 defaults on 3900 homes. If Carl Icahns high-end construction firm WCI Communities had success rates like that, it might have avoided bankruptcy.
There should be zero tolerance by now for right-wing irresponsibility. Laissez-faire does not laisser les bons temps rouler. Just as power corrupts, lack of oversight leads to ruin.
Daniel Gross has a must-read response to this nonsense:
http://www.slate.com/id/2201641/
The Community Reinvestment Act applies to depository banks. But many of the institutions that spurred the massive growth of the subprime market werent regulated banks. They were outfits such as Argent and American Home Mortgage, which were generally not regulated by the Federal Reserve or other entities that monitored compliance with CRA. These institutions worked hand in glove with Bear Stearns and Lehman Brothers, entities to which the CRA likewise didnt apply. Theres much more. As Barry Ritholtz notes in this fine rant, the CRA didnt force mortgage companies to offer loans for no money down, or to throw underwriting standards out the window, or to encourage mortgage brokers to aggressively seek out new markets. Nor did the CRA force the credit-rating agencies to slap high-grade ratings on packages of subprime debt.
The CRA is about as far from a possible culprit as you could find. Its purpose was to prevent redlining: banks practice of accepting deposits from poor neighborhoods but not lending there, which is not only immoral but stupid. As Gross notes, sensible lending to the poor is quite possible: e.g. Nehemiah Homes has built and sold homes to the poor in New York for 27 years, and run into 10 defaults on 3900 homes. If Carl Icahns high-end construction firm WCI Communities had success rates like that, it might have avoided bankruptcy.
There should be zero tolerance by now for right-wing irresponsibility. Laissez-faire does not laisser les bons temps rouler. Just as power corrupts, lack of oversight leads to ruin.
Also:
http://www.msnbc.msn.com/id/26869897
Foreclosures on million-dollar homes surge
The housing crisis that swept through working-class and middle-class communities across the country is now creeping into the leafy driveways and the gated communities of the nation's most exclusive towns.
One symptom of these times: a surge in the number of million-dollar foreclosures. According to RealtyTrac, the number of homes valued at more than $1 million that are in some stage of foreclosure has swelled to 7,968 between January and August. That compares with 4,214 during the same period last year.
The number of $2 million-plus homes in the process of foreclosure has grown even faster, surging to 499 in the year-to-date compared with 201 for the same period last year. Home values are based on comparable, recent sales in the neighborhoods.
It wasn't long ago that bidding wars over luxury properties were commonplace, as buyers emboldened by the booming housing market paid ever-dearer premiums for what seemed like a no-lose investment. More than 64,300 homes priced at $1 million or more sold in 2007, more than triple the number in 2002, according to DataQuick.
The housing crisis that swept through working-class and middle-class communities across the country is now creeping into the leafy driveways and the gated communities of the nation's most exclusive towns.
One symptom of these times: a surge in the number of million-dollar foreclosures. According to RealtyTrac, the number of homes valued at more than $1 million that are in some stage of foreclosure has swelled to 7,968 between January and August. That compares with 4,214 during the same period last year.
The number of $2 million-plus homes in the process of foreclosure has grown even faster, surging to 499 in the year-to-date compared with 201 for the same period last year. Home values are based on comparable, recent sales in the neighborhoods.
It wasn't long ago that bidding wars over luxury properties were commonplace, as buyers emboldened by the booming housing market paid ever-dearer premiums for what seemed like a no-lose investment. More than 64,300 homes priced at $1 million or more sold in 2007, more than triple the number in 2002, according to DataQuick.
So unless you think that people who can afford million dollar homes are "poor", the problem was pretty much across the board and endemic to all classes of society. The rich and middle class were just as overextended, if not more so.
Amused_To_Death
Member
McCain is toast on the issues, I expect a lot of POW sob stories...Only thing he has left
JCreasy
Member
MassiveAttack said:
You're insane. You think his handlers will let him make that same mistake twice? McCain got hammered for like 3 days after the last debate because of his body language.
He's going to be Obama's best friend, tonight. In terms of physical cues. What comes out of his mouth... that's another story.
The Chosen One
Member
Fatalah said:
:lol
I guess their Holodeck didn't help their ratings enough.
TheClimaxan
Member
Fatalah said:
Daaayyyyyyyuuummmmm!
Fragamemnon
Member
Did someone just post a link to the national review in this thread?
sat up a little bit straighter :lol :lol :lol :lol
don't even make me start posing k-lo quotes
lol national review said:
sat up a little bit straighter :lol :lol :lol :lol
don't even make me start posing k-lo quotes
electricpirate
Member
JB1981 said:
http://www.prospect.org/cs/articles?article=did_liberals_cause_the_subprime_crisis
The fact is, most subprime mortages didn't fall under the CSA, and those that did were better, and better regulated than non CSA loans.
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