Senator John McCain’s campaign manager was paid millions by Fannie Mae and Freddie Mac to help them escape regulations.
60 Minutes, “In 1999 you were one of the senators who helped pass deregulation of Wall Street. Do you regret that now?” McCain: No, I think the deregulation was probably helpful to the growth of our economy.
Over 2,300 doctors have signed an open letter entitled “John McCain’s Health Records Must Be Released.” That includes dozens of oncologists and melanoma specialists. If these medical professionals are sufficiently concerned about this issue to put their professional reputations behind this clear public statement, shouldn’t the rest of us be at least a little bit worried?
From Unknown Congressman:
I also find myself drawn to provisions that would serve no useful purpose except to insult the industry, like requiring the CEOs, CFOs and the chair of the board of any entity that sells mortgage related securities to the Treasury Department to certify that they have completed an approved course in credit counseling. That is now required of consumers filing bankruptcy to make sure they feel properly humiliated for being head over heels in debt, although most lost control of their finances because of a serious illness in the family. That would just be petty and childish, and completely in character for me. I’m open to other ideas, and I am looking for volunteers who want to hold the sons of bitches so I can beat the crap out of them.
Hiding under the Panic Button or Outright Incapable?
May 2007: So my very strong view is that we are near the bottom and that this will be contained as — the housing will be contained, and we’re fortunate that we have a diverse, healthy economy.
August 2007: Paulson added that he did not see anything that caused him to reconsider his view that the economic damage from the housing correction was “largely contained.”
October 2007: “I have no interest in bailing out lenders or property speculators. I can’t think of any situation where the backdrop of the global economy was as healthy as it is today.”
May 2008: ‘The worst is likely to be behind us,’ Paulson
Sept. 15, Paulson patting himself on the back for refusing to “put taxpayer money on the line”.
Remember the Bush Interior Department appointee to the oil and gas industry caught taking gifts, illicit sex with subordinates, cocaine? To the shock of the Inspector General, the Bush Justice Department has decided that it will take no action.
John Kenneth Galbraith in 1954, the counterpart of Kremlin Walls, “In the autumn of 1929 the mightiest of Americans were, for a brief time, revealed as human beings. Like most humans, most of the time, they did some very foolish things. On the whole, the greater the earlier reputation for omniscience, the more serene the previous idiocy, the greater the foolishness now exposed. Things that in other times were concealed by a heavy façade of dignity now stood exposed, for the panic suddenly, almost obscenely, snatched this façade away.”
“Right-wing politicians sometimes can implement policies that left-wing politicians cannot, and vice versa. Contemporary wisdom has it that ‘only Nixon could have gone to China.’ then Why Only Bush Could Bring Socialism to America.
Corruption is reprehensible: How a gang of right-wing con men destroyed Washington and made a killing.