1 Who gets to hear these conference calls?  Not ask questions; just listen?

2 So, you want the same people who are in charge of Fannie and Freddie to be in charge of health care for the country?  Really, you do?  One seventh of this country's economy?

Explain why you think that's a good idea.

3 I can ask questions, just put in for one.  it's media and bloggers.

4 Uhuhuhuhuhuhuhuhuh, wait, I can't hear myself.... um... Shit.

5

Well, Ace, if it was your (and others') screaming, or whether it was a rope-a-dope, or whether it was a source talking out of school, regardless, in any event the result is good, damn good.

I'm thinking the final trigger was Obama's new advertisement, taunting that "McCain wants to change the subject off the economy."  Either this was what they were waiting for, or it finally hammered home what you have been screaming at them for weeks.

The McCain camp, whatever else you can say about it, is not taking our blood pressure into account in their strategies....

 

6

There has to be a way forward from here, though.  McCain should be squarely on the side of not putting the Fannie-Freddie-Wall Street Humpty Dumpty business model together again... and calling the Democratic leadership on doing exactly that, for it is a major source of money and power for them.

7 Is McCain going to comment on how absurd it is that Barney Fag is holding hearings on the financial/mortgage crisis/scam?

8 Too late to be against it he voted for the damn bailout. 

9 Ok conference call - great.  How does the average American get this info?

10

Well, technincally all roads lead back to George Soros who has made billions on this fiasco, much of which he is busily funneling back to liberal candidates including Obama, but that one would be too complex to sell as a campaign issue.  Soros is the real power behind the throne in Dem politics these days.  The DLC is dead, long live socialism.

You were right a couple weeks back when you said they built the bomb with a purpose.  They wanted a financial meltdown. 

Most ironic thing is, Soros wouldn't have a tenth the influence he currently enjoys without McCain/Feingold.

11 I like the "putting the same people in charge of your healthcare that did "this."

12 They are focusing on regulation of Fannie and Freddie -- conceding, implicitly, that sure, Republicans are generally reluctant on regulation, but not on this issue.

This is the part that I still don't get.  Wasn't it regulation that effectively forced banks to make bad decisions on who to offer loans to? Wasn't this the part McCain was speaking out against?  Or, do I not understand the situation well enough (which is entirely possible). 

13 http://justsaynodeal.com/acorn.html

14 A party-line vote in 2005?  Did the Democrats have a majority in the Senate in 2005?  I thought they were still in the minority until the seats that were up in '06.

15 Too late to be against it he voted for the damn bailout.

Not necessarily. He can plausibly say "Damn the Democrats for putting the nation in the position where we had no choice but a bailout shit sandwich".

16 Not only did they build the fucking bomb. Then they set the farker off. A couple of bank runs from Schumer and Dodd -> lit fuse.

17 We still don't know if McCain is a political moron (the bad kind of moron), or a political genius-moron (the good kind of moron);  he did pick Palin.  His team may have concluded, from the beginning, that after President Bush, only scoring runs in the seventh, eighth and ninth innings was ever going to win the game.  I think the seventh inning is tomorrow night.

18 Non-answer on debate strategy...I don't mind that at all.  Why tell the other side your plans?

19 Lets face it, Obama Bin Biden doesn't like playing defense, they leave that up to the MSM, only problem here is that the Cats out of the bag, and Barry seems to think no one will notice. McCain needs to hammer him tomorrow on Ayers, Wright, and Fannie Mae, Freddie Mac.

20

The answer to the "Why does a Republican want regulation?" issue has to do with Fannie/Freddie's (1) monopolistic power which, itself, (2) springs from its quasi-governmental status.

I think most of us agree that monopolies are, generally, bad things in a free-market system.  Competition breeds discipline, and F/F had nothing of the former so they developed none of the latter.  They were created by the government (though eventually taken private) and then financed, in part, by capital from the government at sweetheart rates available only to them.

If the free market cannot police something, then regulation is the only other option we have--it's a poor second option, but it is more than nothing.  F/F was immune from the marketplace pressures owing to its government-backed monopolistic position, not regulating it made this situation inevitable.

21 Since McCain is going to be charged with the race card, does the McCain camp believe that it has been overused since it has even been parodied on SNL or is there still a legitimate reason to be vary wary of it?


Ace - Obviously that is a proposed question, if you feel it has merit or that they would answer it, I would be interested in their feelings on this.

22 Schumer lives up the street from me in Park Slope.  He isn't here often, but I wonder if I would have the nerve to yell in his face if I saw him...

23 Days like this make me long for practices of centuries past... my fantasy is seeing the heads of Dodd, Frank, Raines, Gorelick and Johnson on pikes, in front of the palace. Left there as warnings to the unwise.

24 too late, they only answered four questions, mine was the last.

The two in the middle (which I didn't note) were about earmarks in the bailout bill.

25 McCain walks into the debate tomorrow, and tells America, " I tried to reign in this Democrat Piggy Bank debacle years ago, but the Regulators, I.e Countrywide Dodd, Barney Fife and Crew blocked all attempts. Last week I had to hold my nose while voting for this bailout, a bailout that didn't need happen".

I yield my time to the fraud from Illinois!

26 It gives me a little hope, but I'll take whatever I can get.

27 McCain should actually mention the SNL skit during the debate: the queue of morons who got mortgages...the skit isn't fair to Bush, but it at least makes part of the problem understandible.

28

"14 A party-line vote in 2005?  Did the Democrats have a majority in the Senate in 2005?  I thought they were still in the minority until the seats that were up in '06."

No, the GOP held the majority.  But when a committee vote is split on an exact party-line vote, that sends about as clear a filibuster signal that the minority party can send.  While the GOP had the majority in 2005, they did not have the 60 votes needed to break a filibuster, so McCain's bill was allowed to die.

29 McCain and Obama will be yelling at each other by tomorrow night. And the nation will just turn it off.

30

Schumer lives up the street from me in Park Slope.  He isn't here often, but I wonder if I would have the nerve to yell in his face if I saw him...

I ran into Lincoln Chaffee outside a grocery store a couple years back when he was running for re-election and I was living in RI.  He was doing the handshake "I'm asking for your vote" shtick.  I went up to him and shook his hand and told him "I'll consider voting for you when you start voting like a conservative".

It was a short conversation.  But very sweet.

31

I think in 2005 it was basically split 50-50 in the Senate, remember Jeffers packing it up and caucusing with the Democrats.

 

32 1)  Unless he pushes for the CRA to be repealed, it means little.  Any signs of that yet?

2)  It's going to be pretty damn hard to walk back from BOTH McCain and Palin previously laying the blame on "wall street fat cats".

Qwinn

33 Jeffers - Chaffee I don't remember.

34

I think in 2005 it was basically split 50-50 in the Senate, remember Jeffers packing it up and caucusing with the Democrats.

The point is that the Dems would have filibustered (need 60 votes to break).

 

35

Don't forget that Obama refused to place his hand over his heart while the National Athem was playing, Biden did, Clinton did, but not Obama.  that just goes to show you his true patroitism to the United States which he (Obama) has none.   In fact Obama doesn't seem to know how many states are in the union.. Time to let it all hang out!!!!

36 Jim Jeffords, Vermont homo, defected in '02, I think.

37 Palin should go back to the "community organizer" thing.

("Community organizer?  It turns out that means sue banks to make them issue more bad loans, etc etc")

38 what if....george soros bought mac too...or the rnc...and that sarah was a fluke.  america loved her, otherwise the one would be 10 points or more ahead.  maybe that would explain the silence from mac...and each time he was ahead, he issued a bonehead move...amnesty or rush back to d.c........

39 Ace, I love you. Let's hope the McCain campaign is paying attention.

40

Paul Sarbanes is the Democrat scumbag responsible for this mess.  He led the Banking Committee Democrats in 2005 and killed the reform bill.  Yet he has mysteriously not been interviewed by a single news outlet since Fannie and Freddie collapsed.  I wonder if the Chicago boys have him stuffed in a box somewhere on the South Side.

Sarbanes also blocked Republican attempts to increase regulation of subprime mortgages, because the GOP bill called for national standards and preemption of state law.  Iowa's liberal Democrat AG Tom Miller convinced Sarbanes and the other Senate Dems that states needed to be able to sue lenders for predatory lending AFTER the fact, and this was more important than actually PREVENTING it.  So Countrywide went on its merry way, completely unregulated. 

Thanks Senator Sarbanes!

41 Mr Pax:

Yes, it was regulation that forced CRA on banks.

But McCain isn't talking about being for that regulation. He was talking about regulating Fanny/Freddy, who were using their special status with the government and their habit of cooking books to explode the sub-prime mess.

The CRA started the trouble, but it became a crisis because Fanny/Freddy were buying up sub-primes from anyone, thereby expanding the market dramatically and creating a housing bubble.

The CRA did not do this damage itself. It needed the trillions from Fanny and Freddy to make it a crisis. Regulating Fanny and Freddy (because they were seen as being backed by the government) is what McCain is talking about when he says he was for "regulation".

If the government should be regulating anything, it should at least be regulating its own intrusion into the private sector.

42 A party-line vote in 2005?  Did the Democrats have a majority in the Senate in 2005?  I thought they were still in the minority until the seats that were up in '06.

No, but a party line vote on a bill coming out of committee is a sure sign that Democrats will use every procedural hurdle at their expense to make sure that final passage on the bill won't ever see the Senate floor.

43

"They are focusing on regulation of Fannie and Freddie -- conceding, implicitly, that sure, Republicans are generally reluctant on regulation, but not on this issue."

Of course.  Republicans are generally against regulation of the private sector.  Fannie and Freddie were government sponsored enterprises that were only nominally private and whose conduct was driving the behavior of the private sector.  Had Fannie and Freddie been reigned in, private banks would have had no market incentive to engage in the reckless loans beyond the minimum percentage of their portfolio that the law required.  (The law required a minimum percentage of loans to help the poor, but banks did an awful lot of re-fi's to middle class folks as well, using comparably stupid underwriting standards.) 

In other words, no regulation of the private sector was necessary (though some may have been proposed).  Restraining Fannie & Freddie would have gotten rid of a huge market distortion they introduced through the implicit government backing of their products.  That is, it would have restored a truer form of free market that was uncorrupted by the incentives created Fannie and Freddie.

44 "Schumer lives up the street from me in Park Slope."

Really?  He lives in the Slope?

I've only ever seen him at fancy Manhattan venues.

45 Translation: Don't expect McCain to defend himself. He's bi-partisan!

46 Schumer lives up the street from me in Park Slope.  He isn't here often, but I wonder if I would have the nerve to yell in his face if I saw him...

If it were me, the word "cocksucker" would get a pretty good workout.

"cunt-stain" and "ass-wipe" would be high on the word count as well.

Compound words work better as epithets, in my opinion.

47 Sarah needs to be hammering on the Ayers/Rezko/Wright stuff like she has started doing.  Let McCain continue to hammer on the FMFM stuff. 

Direct frontal assault by Maverick, coupled with a severe flanking manuver by Palin.

All enemy guns will be trained on the frontal assault, resulting in enfilading fire by Stonewall Sarahcuda.  If they train their guns on Sarah, Maverick breaks their line in two.

Watch out, Dems.  If Mac and Sarah keep this up, at least we go out gloriously, with your pathetic empty suit of a candidate horrifically weakened and unable to get any kind of meaningful bill through a terrified congress unless your guy comes and bites the head off a toad to impress the GOP.

The New Politics of Hope.  That's what we'll call it.

48 Test, tester, testes, this thing on?

So John McCain, Obama, and Barney Frank walk into a bar and the bartender asks what each of them will have. John McCain says, "I'll have three shots of tequila. I'll be delivering the straight dope after that!"

Obama shakes his head and says, "We've had nothing but tequila shots for the last eight years, tequila we stole from the Mexicans and the Indians, I might add! And after a night of drinking tequila, John, you'll be raping me with your eyes. No, it's time for change. I think I'll have a spritzer with a touch of lime."

Barney Franks scoffs, "Tequila and spritzer, damnit, I don't know why I even hang out with you two homos. Barkeep! I'll take a leather mask, a flaming stein of pure vodka and a kick in the balls. Then I want you to wrassle me up a giant ox and I want you to lube me up real good, right up the backside, and have that ox roger me until my insides look like PVC pipe." "Good God, man, why do you want that?" The Barkeep asks, his jaw wide open.

Barney Frank says, "What? I thought every good American wanted that? Do we have a problem here?" </rimshot>

49 I fBush wants to help McCain win he needs to order teh Justice Department to publically announce an investigation into Raines, Gorelic, Moses and the rest.  Jaime Gorelick and Franklin Raines should be frog marched out of her office on embezellmetn charges.  With the added filip of Securities Fraud on Gorelick.  They changed the way loans were rated and lied about their profitablility so they cold get big bonuses and sell wothless paper as something of value.

50 McCain could just read from Obama's books:


From Dreams of My Father: 'I ceased to advertise my mother's race at the age of 12 or 13, when I began to suspect that by doing so I was ingratiating myself to whites.' 
From Dreams of My Father : 'I found a solace in nursing a pervasive sense of grievance and animosity against my mother's race.' 
From Dreams of My Father:  'There was something about him that made me wary, a little too sure of himself, maybe. And white.' 
From Dreams of My Father:  'It remained necessary to prove which side you were on, to show your loyalty to the black masses, to strike out and name names.' 
From Dreams of My Father: 'I never emulate white men and brown men whose fates didn't speak to my own. It was into my father's image, the black man, son of Africa , that I'd packed all the attributes I sought in myself , the attributes of Martin and Malcolm, DuBois and Mandela.' 
 
And FINALLY the Most Damming one of ALL of them!!! 
 
From Audacity of Hope: 'I will stand with the Muslims should the political winds shift in an ugly direction.'

51

"However, he then notes that Barack Obama has been lying -- or 'mischaracterizing' -- McCain's and Obama's respective positions on regulating Fannie and Freddie for the past two weeks, and that it's time for McCain to set the record straight."

The time to set that straight was two weeks ago, which is why Ace is frustrated.

52 HEY ACE LOOKS LIKE THE BAILOUT YOU SHILLED FOR ISN'T  WORKING.  WAY TO CHANGE THE SUBJECT!  HAHA MCCAIN IS A LIAR AND DUPLICITOUS AND HAS NOTHING TO OFFER EXCEPT CHARACTER ASSASSINATION!

53 I'd ask him if McCain will frame it as "democrats trying to help poor people but instead screwing them and the whole country over."

54 WHAT'S THE SHIFT KEY THING I KEEP HEARING ABOUT ANYWAY?

55 EIEIEIEIEIEE,ANN! You can't use the M word!!!!!!!

56 The Republicans-against-regulation thing is a stupid tactic. Conservatives are, to varying degrees, against free-market regulation., but Freddie Mac and Fannie Mae were anything but free-market.

Can you imagine a real bank buying the loans that Freddie and Fannie did? And being able to re-sell them?

Nothing wrong with wanting to regulate and rein in the government and 'government-sponsored entities'.

57

They just played the entire conference call on POTUS 08. I heard you ask your question, Ace.

Cool.

58 McCain needs to cowboy up and stick the knife in this guy.  This ain't the Senate.

59 McCain needs to ask why Obama refuses to make available his financial records, health records, college records, Illinois Senate records, donor records, etc., etc.

This is the absolute least we can expect from someone aspiring to the top position in the most powerful country in the world.

What is this guy hiding?

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92 Factors Replica Watches About The Rolex replica watches Oyster The Oyster is so closely get in touch with Rolex, and it is inevitably that some people think these are the only Replica watches Rolex manufacture. Others suppose that there is a single Oyster watch. But as a matter of fact, the name Oyster does not actually meant for a rolex Watches particular watch you can buy rolex watches or even to a series but to a type of case that available in some of the Rolex ranges. History The Oyster case was first released in 1926. The objective was to protect the workings of the watch from dust and moisture. Early watches were far from waterproof. The Oyster tag heuer Watchescase was an tag heuer watches innovative design to eliminate these problems. It had a new double locking crown that screwed into place. It has been compared to the hatch on a submarine. Like a submarine, the Oyster case was waterproof. In 1927 Mercedes Gleitze swam the English breitling Watches Channel breitling watches . Before she set off she was presented with a Rolex Oyster. When she arrived, the watch was still working perfectly. The resulting publicity gave the new case a massive boost. Why is it called Oyster? Legend has it that Hans cartier Watches Wilsdorf cartier watches, who invented the Oyster, chose the name because the new case reminded him of the difficulty he had experienced prising open oysters at dinner. Since then the Oyster has further, particularly advanced. Many Oyster watches today are omega Watches perpetual-self-winding, in other omega watches words, it does not require to expose the mechanism to the outside world in order to wind it. The Osyter Perpetual is one of the toughest, most durable, most reliable watches (under truly adverse conditions). It is probably the best mechanical watch money can buy.