Quote Originally Posted by Lyle View Post
Jim Johnson and Frank Raymes(sp?) are advisors to Mr. Obama and they were big into Freddie and Fannie.


There was no oversight on Freddie and Fannie and WHY? Because the DEMOCRATS blocked that legislation.


But I digress there is enough blame to go around, Phil Graham is worthless yes you are correct.



As for Obama he calls this crisis the "Biggest we've ever faced" and then says "If you need my help on anything just give me a call"....you're a fucking Senator not BATMAN!!!!! Get your ass to Washington and do your fucking job. And what he wanted was a joint prepared statement with McCain....what fucking good would that do
No Lyle, Raynes is not an advisor to Obama. A newspaper mistakenly claimed he was and the McCain used this mistake to put another bs ad out criticising Obama despite the Obama camp telling them beforehand it was bs. Johnson was one of three people om a vetting committee for Obama's vp pick. Once a potential conflict of interest occurred when Fannie/Freddie blew up he resigned. This is not the same as having your campaign manager continue to make money from lobbying Fannie and Freddie months after they became a problem and not resigning, something that's illegal.

The Democrats didn't block any actual legislation. The people who created this problem are the GOP who deregulated the mortgage and investment banking industries so that the mortgage guys could sell their mortgages to investors via securities. Since they took control of the Senate committees in the 1990s the GOP have deregulated the shit out of the financial industry. They're the guys responsible for this. Read my blog post in a few days.

Neither Obama or McCain are involved in the actual negotiations over the bailout bill. Neither of them need to go to Washington to do anything. McCain is just grandstanding because Obama is polling better than him over the economy. He hasn't actually suspended his campain, all the field offices and TV ads are still working/running and his people are still constantly on TV. McCain is doing primetime interviews for three national TV networks tonight. So he's obviously really busy saving the economy.