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USS Neverdock — USS Neverdock "America is often portrayed as an ignorant, unsophisticated sort of place, full of bible bashers and ruled to a dangerous extent by trashy television, superstition and religious bigotry, a place lacking in respect for evidence based knowledge. I know that is how it is portrayed because I have done my bit to paint that picture..." BBC's Washington correspondent Justin Webb
Video: Obama In 2007: Sub Prime Morgages - “Good Idea”
Nice Deb —
Expect to see this in an ad in the days to come:
Via The Campaign Spot:
Obama, In September 2007: ‘Subprime lending started off as a good idea — helping Americans buy homes who previously couldn’t afford to.’
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Just Keep Repeating to Yourself: It’s Only a Movie, It’s Only a Movie...
¡No Pasarán! —
Observing Hermann Observes: “The European Central Bank – which raised rates into the teeth of the crisis in July – has played a shockingly destructive role in this enveloping slump. Its growth predictions this year have been, and still are, delusional. Neglecting its global role, it has vastly complicated the fire-fighting efforts of Washington. It could have offered cover to the US Federal Reserve this spring when Ben Bernanke was forced by events to slash rates to 2pc. It could at least have signaled an end to monetary tightening. That is how an ally ought to behave. Instead, it stuck maniacally to its Gothic script, ...
Was sub-prime lending ever a good idea?
Hot Air » Top Picks —
Was sub-prime lending ever a good idea? posted at 12:55 pm on October 6, 2008 by Ed Morrissey Send to a Friend | printer-friendly A new video has Barack Obama speaking in 2007 about the burgeoning crisis in the financial markets, but focusing on accounting fraud rather than the root cause of the meltdown: the widespread issuance of bad credit, securitized by Fannie Mae and Freddie Mac at the behest of Congress. In this audio clip, Obama defends the idea of subprime lending just over a year ago: Here is the clip in full context: Subprime lending started off as a good idea - helping Americans buy homes who couldn’t previously afford to. Financial ...
Obama - mortgages for those who couldn't afford them
USS Neverdock —
a good idea?
