Government KNEW meltdown was going to happen

Non-Phish General
#1

“We had no idea, no one foresaw this” --YEAH RIGHT

http://www.msnbc.msn.com/id/28001417

Bush administration ignored clear warnings
Under pressure from banking industry, U.S. government eased lending rules

President George W. Bush, center, is flanked by U.S. Treasury Secretary Henry Paulson, right, Federal Reserve Chairman Ben Bernanke, left. SEC Chairman Christopher Cox trails behind.
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Feds ignored clear meltdown warnings
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updated 2:43 p.m. PT, Mon., Dec. 1, 2008
WASHINGTON - The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that foretold the financial meltdown, according to an Associated Press review of regulatory documents.

#2

#3

shouldn’t this thread be called “Everybody knew meltdown was going to happen?”

#4

Th point is Greenspan got up there in front of Congress two weeks ago and said “He had no idea this was going to happen”…BAM, right there he is lying to Congress and should be detained and questioned and investigated to find out who knew what and when.

Why is that not happening?

#5

Because everyone is in on it!

#6

its not happening because they need an excuse to print up a bunch of imaginary money to give themselves while they’re all still in power and then they’re gonna make us pay for it.

everybody already knows that too.

nobody’s doing anything about it because “they” are still in power and will remain “in power” for a long time until they’re “power” just becomes a big ole mess that none of them can handle so they’ll ask us to bail them out some more.

what else can we do except try to live outside of it the best we can and let them all burn in their own flames?

#7

I still cry every night from when B dropped that^ on me a couple years back :’(

#8

ok so let me get this straight. “Everyone is in on it” but the new guy is going to save us and he is not in on it? noooooo. Ok let me get this straight, you admit you believe “they” are all in on it, being the bailout. I’m assuming you believe the Iraq war was a complete LIE, is this true as well?

you=all the above

#9

^not at all.

you see, America had to attack Iraq because that’s where the terrorists live and there had to be a shift of power otherwise we would lose our freedoms. Those soldiers over there are fighting for our freedoms! Without them, all the brown people would come over here and take our women and homes from us. They’re bad, we’re good. That’s why we have to kill them all.

I really don’t see any other way around it.

#10

^Ok so, you DO believe the administration lied us into war. Now if you believe they lied us into war then you must believe these same people are cold blooded murderers given the casualties of innocence and soldiers based on LIES, correct?

#11

^no you’ve got it all wrong. I for one have total trust in our leaders.

don’t you think that if they “lied us into war” they would have admitted it and apologized by now?