We didn't learn the lessons of 1907

re: We didn't learn the lessons of 1907

Razor — Sat, 06 Dec 2008 00:24:30 GMT

I wasn't around in 1907, Was wondering if the president in 1907 was a Bush?

re: We didn't learn the lessons of 1907

hugolugo — Tue, 02 Dec 2008 04:58:45 GMT

i agree with wendell. it was bush's fault for causing all of this choas.he jsut wanted war and was willing to give americas money away to iraq for the american troops. this war should just stop.

re: We didn't learn the lessons of 1907

johnpaul — Tue, 28 Oct 2008 01:51:17 GMT

Stop worrying eatgood stay healthty drink the best nucleare will take us down every body has onesoon

re: We didn't learn the lessons of 1907

Peanut Santiago — Wed, 08 Oct 2008 00:39:58 GMT

There ARE Americans who have always lived within their means and kept a minimum of debt (say for a modest fixed rate mortgage). I am one of them. ******************* The whole idea of helping minorities obtain home ownership had to do with builders making modest priced houses available (also to lower income whites) and a small helping hand by the lenders. I said a SMALL helping hand...not the ridiculous loans made to people who would NEVER have qualified under the older, saner rules. A LITTLE help is one thing...allowing almost anyone--white or minority--to get a loan on demand is pure madness!

re: We didn't learn the lessons of 1907

jeff — Tue, 07 Oct 2008 22:46:49 GMT

its clear to me..very clear..stop the bailouts..and build barrack style housing for the homeless people..who have been foreclosed..and let the mkt place solve the problem..Which it will..and i am glad to soon c cracker box houses..built of ticky-tacky..selling for what they r worth..$25,000 per ea..brand new..stick built..jeff

re: We didn't learn the lessons of 1907

tg — Mon, 06 Oct 2008 18:25:46 GMT

Why don't we offer a new loan deal to those losing homes. Allow those deserving and/or willing to switch to a (create new) 50 fifty year mortage at a fixed 5 % rate back up by the govt. with bailout money.

re: We didn't learn the lessons of 1907

Wade B — Fri, 03 Oct 2008 02:24:46 GMT

History repeats itself! J.P.Morgan (and a few close friends...including the Secretary of the Treasury) created the Federal Reserve, and after causing panic in the market, got the entity accepted by the government with the help of Aldrich. Thomas Jefferson fought Hamilton to prevent a central bank. When he said our "children would wake up homeless on the continent their fathers conquered" if we let a central bank control our currency and economy....well... he was just a conspiracy theorist I guess. Who's losing their homes? Naaaa. Now Barnanke and Paulson are to head the "Office of Financial Stability"? So why did the stocks RISE the day AFTER the bill was defeated...and PLUMMET the day AFTER the senate passed Porky's II? Why are 200 economists who are NOT directly involved saying it won't work? Why are the crooks from Fannie Mae's royalty now on one of the candidates payroll as advisors? The corruption needs to end!!! I'm taking Jefferson's advice on how to deal with a government who doesn't listen anymore. Try googling the constitution. AND TELL THEM NO!!!!! NO BAILOUT!!!!!!!

p.s. Tom P and Dennis seem to be inline with everyone I've talked to. Why isn't this making the headlines?

re: We didn't learn the lessons of 1907

Quincy — Wed, 01 Oct 2008 18:35:41 GMT

If I remember correctly, it was during the Clinton administration that all the pushing for mortgages for people who could not afford them started. (look it up, New York Times, 9 years ago) Congress and banks were under relentless pressure to not be 'racist' and support giving loans to all people, no matter their income. So now we are paying the price. There are many to blame for this. Though he did contribute his share to the mess, it can hardly fall all on the Bush admin. All politicians and lobbyists need to share in the blame, they all pass laws and share in the decision making, not just the prez. and also look in the mirror... in the last 10 years did you make purchases that were above your means, or that you couldn't afford? thought so.

re: We didn't learn the lessons of 1907

sam elbo — Tue, 30 Sep 2008 03:00:37 GMT

every day millions of americans file for bankrubcy and they lose everything no one comes to their rescue and life goes on so why are waried about some rich investers who never gave a dame about us

re: We didn't learn the lessons of 1907

Kevin McNamee — Tue, 30 Sep 2008 02:08:27 GMT

Like these Wall Street Giants didn't see well in advance that theeir worthess portfolios were worthless.

But they just kept piling up bad loans and getting wealthier every day.

And like they didn't expect the government to bail them out at the taxpayers expense.

This is the result of the lack of regulation under the Bush administration. Only a fool would give more to the rich and think that prosperity would trickle down.

I guess anybody who voted for Bush has realized a little late that they shot themselves in the foot.

Perhaps those same people will realize what a vote for Mccain will mean, and shoot themselves in the other foot now.

Might as well, we're going to the pits.