Perhaps the planners know that memories are short. Timing is everything.McCain is a warrior who knows when to strike.

Keep it up Senator McCain and Gov. Palin! It is time to fight and uncover the truth about Obama.

I’m glad that McCain has listened to what supporters requested, and has now taken off the gloves and attacked Obama and the Democrats for their role in the crisis involving Fannie Mae and Freddie Mac. Here’s an excerpt of the transcript from Hot Air:…

THERE’S JUAN’S ACE IN THE HOLE for how he’ll handle this idiotic bailout! If he commits to drilling everywhere and anywhere and not keeping us at the mercy of crazy Islamists (like some party I know), that will be a major step toward recouping that money. And, hello, he’s already got the energy veep aboard!

Remind me, what’s Obamoron’s economic strategy again? Oh, that’s right, giving $850 billion annually to Africa for GLOBAL POVERTYreparations, ’cause it’s our fault they don’t learn to take care of themselves.

On October 6th, 2008 at 7:39 pm, DesertLover said:
happyscrapper … try these on for size …

Thanks for the links, DesertLover! Quite eyeopening!

But the election is already over — it ended when Team Maverick pulled out of Michigan — and nothing Crazy Cousin John says now can compensate for his earlier blunders….

One Car, Two Accelerators, No Brake, and an Approaching Precipice [Byron York]

When this country and this economy are so near the precipice, do we really want to be driving a car with two accelerators and no brake? A Democratic Congress and a Democratic president like Barack Obama? A complete, unrestricted blank check for inexperienced radical leadership in Washington?

I liked this part:

McCain has got my vote

The rest of your arguments need some more work.

PS. Without the cramdown of CRA and the GSE’s there would not be a fiscal crisis. Conforming loans, ie standard mortgages to people that earn a living and don’t buy the sky, were how CDO’s were able to keep the subprime loans concealed. Congress and GSEs kept expanding the subprime until they overwhelmed the conforming loans. Ooops.
Congress encouraged and allowed the GSEs to cut their capital backing to 2.5%. They even let Raines urge only a 2% backing without slapping him down.

Packages of loans that get paid off, aka largely loans to people not in Florida, Nevada and California nor are made in compliance with CRA nor violate the basic banking wisdom of not giving deadbeats money, are still wonderful investments.

It was hardly overnight. It doesn’t take a PHD to understand. (MFA here) The GSEs and CRA were regulated only as much as the Democrats desired.