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Ex-subprime bank executive finances Obama

Discussion in 'Political Discussion' started by Fogbuster, Oct 29, 2008.

  1. Fogbuster

    Fogbuster Rookie

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    Customers who lost savings note he slams housing crisis

    Wednesday, October 29, 2008

    John W. Courtney's world collapsed at dinnertime on a Friday in July 2001. That's when he learned from a television newscast that much of the $200,000 that he had saved from his construction job over a 30-year period was lost when his Chicago-area bank was shut down after pursuing a failed strategy of subprime loans.

    Seven years later, the Vietnam War veteran has yet to recoup $85,000 of his uninsured losses from Superior Bank's failure. And he watches in disbelief as one of the bank's former top officials, billionaire hotel heiress Penny Pritzker, leads the record-breaking fundraising machine of Democratic presidential candidate Sen. Barack Obama.

    Mr. Courtney, now 63, wonders aloud how Mr. Obama could rail on the campaign trail against the national financial crisis started by subprime lending while allowing a former advocate of the practice to hold the senior position of finance chairwoman in his campaign. The candidate has even lauded Ms. Pritzker's business practices as a model for an Obama administration. (!!!)

    Washington Times - Ex-subprime bank executive finances Obama


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    Last edited: Oct 29, 2008
  2. Fogbuster

    Fogbuster Rookie

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    Oh, so now everybody can't find their keyboard when it is revealed that Obama gobbles up all the support he can from the very people he says caused all the mess on Wall Street!!!! Would be hilarious if it were not so deceitful and duplicitous of Obama to take support from those he loves to rail on about every day.


    This has to be said again, it's so unbelievable:

    [size=+2]"Mr. Courtney, now 63, wonders aloud how Mr. Obama could rail on the campaign trail against the national financial crisis started by subprime lending while allowing a former advocate of the practice to hold the senior position of finance chairwoman in his campaign. The candidate has even lauded Ms. Pritzker's business practices as a model for an Obama administration."[/size]

    Washington Times - Bank victims blame Obama fundraiser

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  3. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    And McCain has 71 Lobbyists on his staff.. I guess the operative question becomes SO????? Another Washington Times Post..

    Also it is not kosher to pimp your thread by repeating the same thing over and over.. anyone in America knows how faulty your argument about Frank et al being completely responsible for this financial crisis.. suggest you do some reading on Derivatives.. as that is getting more play lately as big cause.

    Also suggest you spend some time reading some WSJ articles explaining what happened.. it is not completely the subprime market.. there was a whole bunch of predatory lending going on.. and then the money trail got real messy.. the loans were bundled and sold and resold.. all along the way a whole bunch of people got filthy rich..
  4. Fogbuster

    Fogbuster Rookie

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    More smoke and mirrors. The cause of this financial debacle is the collapse of the housing market. The housing market collapsed because of faulty legislation that FORCED banks into giving mortgages to people who could not pay them back; they lowered the standards so low that it was an absolute prescription for disaster. And now that disaster has come due. That's it. No amount of Bill Clintonizing parsing of the language is ever going to change it.

    And to rub our noses into it even MORE, Obama has hired one of the chief architects of this disaster as his "economic advisor". Not only even a bigger disaster than already, but ABSOLUTELY hypocritical of Obama to even consider such a person when all he does is rail on about these people. Orwellian.

    End of story.


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    Last edited: Oct 29, 2008
  5. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    So you are not going to take up my suggestion to find out more about derivatives and the greed of wall street.. you might want to do some research, but be careful will take you out of your comfort zone..

    Still not kosher to pimp your own thread.. let it stand on its own merits..

    Opinion | Alan Greenspan should have stuck with the clarinet | Seattle Times Newspaper

    Last edited: Oct 29, 2008
  6. NEPatriot

    NEPatriot Banned

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    He is changing this country all right. Yup, the same guy who destroyed people's houses becomes a 'economic advisor'.

    He's going to destroy this country NEXT. Are you glad when obama surrounds with the best and brightest people? Real change is coming and we are thrown under his BUS.
  7. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    Here is a suggestion, spend some reading stuff from both sides.. to talk this way shows that you have not even come close to understanding this very complex problem.. every day more is learned and how many issues and players are involved. To blame a person, political party or group of people seriously begs the issue.
  8. NEPatriot

    NEPatriot Banned

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    Whenever you respond to my post, you always use a lot of 'complex' words in your sentences.

    I have to agree with you about the complexity of Obama. Perhaps, voting for him will make me understand the issue better?

    Please..............
  9. PressCoverage

    PressCoverage Banned

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    if it's the "end of story," then please do shutup and go away...

    i find it interesting that you waited an entire 3 hours before your second post, pretending that "everyone" went silent regarding your latest partisaned hackfest..... my gawd, are you ever self-important... people have jobs and responsibilities during prime business hours... try waiting a bit more than 3 hours before running your mouth.... we thought your "time was valuable," yet it appears you have absolutely nothing to do out there in Vilnius. Nothing.

    Meanwhile, you candidate lost more ground just today... Ooops... The "Us vs. Them" campaign is failing you miserably.
    Last edited: Oct 29, 2008
  10. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    Let me dumb it down for you, as complex is too far reaching for your repertoire.

    1. This thread is once again about the tired story of how CRA's are responsible for the economic problems.. this is a veiled homophobic rant of this author.. whose opinions are very well known on this subject. It is also a tired response about how blacks are responsible for this mess.. they got the CRA money, in reality many got the CRA money and most paid back.

    2. The current economic situation is a convergence of many factors.. deregulation, greed of wall street and many things most of us have never heard about including terms like derivatives, which for most of us are absurd.

    Hopefully this is simple enough for you, if you need further clarification of anything let me know.. being a sheeple in this information age is a less than intelligent way of proceeding.. remember there are no easy answers to any of these issues.. if you find one be careful, as that is usually the wrong one.
  11. Fogbuster

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    Like Obama you can shuck and jive, point your fingers all over the place at "greedy Wall Street", etc., but at the end of the day one fact is irrefutable, and it's the only FACT that anyone needs to remember: had there never been the cynical failed policy called the Community Reinvestment Act, NONE of the other problems would have occurred: NO mortgage crisis, NO bank failures, NO Fannie Mae and Freddy Mac bankruptcy, NO domino effect failures of other banks in America and around the world. NONE of these horrors would have happened. NONE of them. The economy today would humming at all-time highs in terms of national prosperity, and America and the world would be FAR better off.

    Very simple: no CRA, no opportunity for "greedy Wall Street" to take advantage of the monstrous loop-hole that the CRA provided.

    Verdict: Carter, Clinton and their Dem Congresses, all GUILTY as charged.


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  12. PatriotsReign

    PatriotsReign On the Roster

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    The answer is, no one cares about you or your opinion foggy. You're not even a good messenger of your faith, so why would anyone listen to the phony sprew that eminates from your mouth?

    Prepare to go back to your little corner and hide.
  13. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    It must be a wonderful feeling to be this powerful in your mind.. Prosecutor, Defense Atty, Jury and Judge all rolled into one.. thank god you are not in a position of power in the US.. but then again, you would never be able to because of your extremist views..

    So I take it you did not check out the Derivatives Thing?? No surprise be comfortable in your narrow vision..
  14. Fogbuster

    Fogbuster Rookie

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    The facts speak for themselves. I do not need people telling me what the facts say; God gives us all that capacity.

    The Democrats caused this economic genocide and they need to be held accountable.



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