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Political Quickie: The Lesson of IndyMac

by Zandar1
Tue Jul 15th, 2008 at 07:12:23 PM EST

Today's lesson, class, is this:

What caused the failure of IndyMac Bank?

A) A long history of mismanagement resulting in a class-action lawsuit.

B) The loss of several top corporate executives in 2008 includingthe Chief Financial Officer who went on two months "medical leave" before resigning.

C) Lack of capital due to massive exposure in California's crumbling housing market.

D) Dirty Fucking Hippie Democrat Chuck Schumer opening his goddamn mouth and asking oversight questions.

Guess which one the GOP noise machine and our liberal media is picking?

Here endeth the lesson.

Political Quickie: The Lesson of IndyMac | 3 comments (3 topical, 0 editorial, 0 hidden)

Re: Political Quickie: The Lesson of IndyMac (none / 0)

we're being played...just like on the Titanic.

US faces global funding crisis, warns Merrill Lynch

Well, "You can't vote for war and disown the results"

by idredit on Wed Jul 16th, 2008 at 06:15:32 PM EST

Re: Political Quickie: The Lesson of IndyMac (none / 1)

don't be a cassandra, idreit...helps on the way, don'tcha know?

madame pelosi's got it all figured out. via bloomberg:

Democrats Are Weighing More Tax Rebates, Pelosi Says (Updated)
Congressional Democrats are considering a second round of rebates to taxpayers, saying the benefits of the first checks sent to more than 100 million households this year are being eroded by rising energy prices.
``We will be proceeding with another stimulus package, and we once again hope we will work in a bipartisan way,'' House Speaker Nancy Pelosi said after House Democratic leaders met with a group of economists to discuss the spreading housing crisis and rising gas prices.
Pelosi and other House Democrats said that in addition to more rebates a second stimulus package would probably include additional spending for roads and other infrastructure, expanded unemployment benefits, home-heating assistance for low-income families and aid for states struggling with budget deficits.
Plans for the stimulus legislation are taking shape as Democrats race to approve the Bush administration's proposed rescue plan for Fannie Mae and Freddie Mac by early next week.
Bush said today he would prefer to wait to see...

more unsupported debt, just in time for the election. guess the chinese are still buying, eh.

the revolution will not be televised...Peace

by dada on Wed Jul 16th, 2008 at 07:05:04 PM EST

Re: Political Quickie: The Lesson of IndyMac (none / 0)

We better act like we intend to pay some bills or the dollar is going to tank a lot more. Its a real shame this administration ran up massive deficits to win elections, pay for illegal wars and line the pockets of the richest of us. We could really use that money now for stimulus. I think any more rebates at this point will kill the dollar which will bring on more inflation.
If your working right now your tax dollars are better spent on our infrastructure which will create jobs. I'm working and do not want another rebate check that is borrowed from the nations future. We need stimulus that will benefit us. If your working helping those that are not is priority #1 and not tax rebates for more Chinese toys.
Sometimes I think Pelosi's vacant stare isn't a ploy to foil the Repugs.

"We have always known that heedless self-interest was bad morals; now we know that it is bad economics;" - Franklin Delano Roosevelt

by Salunga on Fri Jul 18th, 2008 at 11:50:35 PM EST
[ Parent ]

Political Quickie: The Lesson of IndyMac | 3 comments (3 topical, 0 editorial, 0 hidden)

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