I'm still neck deep in dialog with my conservative Republican friend who is continuing to carry the Republican mantra that the global fiscal crisis is solely due to the actions (pressure) from Barney Frank and Chris Dodd.
I have been debating this issue for a couple of days now. As a former politician I fail to see how two pols could have had this kind of power and influence left unchecked by the other side. If Barney Frank pressured the lender to make predatory loans to those who could not afford them, why did the Republicans not expose what was going on?
As I said to my friend, the directive to the bankers to cease red lining and not making loans to low to moderate income areas of the country was good policy. No one directed the bankers to make faulty, and in some cases illegal, loans.
You have any thoughts on who might be responsible?
This blog is to give you folks a little better understanding of the world through the eyes of an old Vermonter. We do things differently here. We live differently. We think differently. Just like you.
Popular Posts
-
I'm still neck deep in dialog with my conservative Republican friend who is continuing to carry the Republican mantra that the global fi...
-
If you're born and raised in Vermont you learn at a very early age to worry. You worry about everything. You worry about the weather. ...
-
The following is the opening of my new book. I am going to be (slowly) sharing excerpts from the book on this blog. Love to hear your feed...
-
“Let he who has not sinned cast the first stone” – Gospel of John. I am not a religious person but I do believe that some biblical quotes ...
-
How About that Wristwatch “You can’t handle the truth” – A Few Good Men We live in fast times that are getting faster every day. Maybe I...
-
I will admit that I was one of those people who was pretty down on our president. I voted for him, but have not been real happy with his pe...
-
Gov-Elect, Peter Shumlin, is continuing his mission of building his administration. So far, his picks are being met with praise. He has ch...
-
Hello people. It's December 8, the day John Lennon died and the day that I have decided to (finally) do a blog. There is much to talk ... -
Good morning folks, It's Christmas in America. For most of us it is the most joyous time of the year. For others less fortunate that...
-
I'm giving some thought to doing a column on regulations and regulators. I'm one who believes that keeping track of entities and co...
Showing posts with label global meltdown. Show all posts
Showing posts with label global meltdown. Show all posts
Thursday, December 30, 2010
Subscribe to:
Posts (Atom)