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.
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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.