“So, you thought that we had reached a new low when a USA president could feed a punchline to the former head of the KGB regarding democracy? That's what happened when Bush II held a press conference with Putin and tried to peddle the notion that Iraq was becoming a democracy,
"PRESIDENT PUTIN: We certainly would not want to have the same kind of democracy as they have in Iraq, I will tell you quite honestly. (Laughter.)"
Well... here we go again. The former head of the KGB can ask plaintively if the USA respects democracy, and reality... is clearly on his side.
He could go further, and ask plaintively if the USA has decided that its president can jail and kill anyone in the world at will? Think on that for a moment; if Vladimir Putin does not like you and you live in Nebraska, would it be OK if he sent somebody to kill you? No? Not OK? You're right, it's not OK. Now maybe we can convince our own president that such things are ILLEGAL.
Congratulations President Obama. You are really piling on the feathers in your cap this month...”
“Yes, but look at the bright side. Sooner or later people will have to wake up to the fact that a network like CNBC is more gainfully interpreted in reverse (a variation on the old principle that the enemy of my enemy is my friend).
In that sense, CNBC is doing us a favor by informing its viewers that the one and only senator doing what the overwhelming majority of the people want done (i.e. truly oppose the tax bonus for the super-rich) is known as a "Socialist".
Unfortunately, the USA has been perverted into a right-wing straitjacket with little tricks like the one of turning a perfectly respectable political term like "socialist" into an insult. We need to take that term back.”
It is about time that the Left start to make the same demands that the Extreme Right has been making for years. So it turns out that the Senate rules permit a single senator to bring any legislation to a screeching halt? Very well then, let the negotiations with the Vermont senator begin!”
“This suspension by MSNBC is absolutely ludicrous.
The worst part of it is that Keith Olbermann put them on the map. They were nothing before they put him on.
What a disgrace. If the USA did not have a democracy before, even less so now. A mere handful of commentators are not right-wing corporate shills, and they go and suspend one of the few is not one of them. A disgrace!”
“Look, sonny, take your condescending tone elsewhere. Your little lecture is out of place.
The system could not be more broken. The taxpayer bailed out the banksters to to the tune of hundreds of billions of dollars in one fell swoop, not to mention the subsudies that they meted out in their role as costumers for decades.
So the system is ENTIRELY one-sided, and this part of it, the part where people are actually put out on the street, needs to stop NOW. Delays can and will become reforms, overhauls, or more.
The process that puts millions of people out on the streets so that banksters can flip a new loan has to be brought to the halt. Too bad Obama lacked the backbone to do it, we'll have to do it ourselves.”
“Talk to your lawyer. See how you can get the bank to PROVE that they own your home. If they can't, maybe you can blow THEM off just like they are blowing you off. Who knows, maybe you are actually elegible for some humane treatment before you are required to pay the crooks that claim to own your house.
Talk to your fellow homewoners who are about to be foreclosed. Devise common strategies.
It's a remarkable "little" movement that's ready to emerge--millions of homeowners tossed out of their homes, for what? So banks can continue to screw us all?”
“This is fantastic. Make the owners of the bank read their own 50-page contracts filled with nonsense small-typed crap before they can take away your house.
If they can make you sign it, we can make them have to read what they are telling US to read when we sign.
Time to roll up our sleeves and make this part of the system completely malfunction, people.
Something has to be said about this finishing statement above: "As Bloomberg noted this week, delays in foreclosure proceedings would cripple the already wounded housing market." Excuse me? You end your article with that statement? What a load of garbage.
DELAYS IN FORECLOSURE PROCEEDINGS ARE EXACTLY WHAT IS REQUIRED
MAKE THE BANKS TAKE THE LOSS INSTEAD OF THE HOMEOWNERS”
optimist7 on Sep 30, 2010 at 15:03:44
“Yes! They've been incompetently unable or greedily unwilling to work with homeowners, despite the government backing they've been given. Time for them to just swallow their losses now and get this mess over with. They certainly made enough profits from their fraudulent activities in the midst of the housing boom.”
njgal4obama on Sep 30, 2010 at 14:50:52
maxhardon on Sep 30, 2010 at 14:41:51
“Yes, why would it cripple the housing market if there are less homes for sale? that makes no sense.”
Appleblossom on Sep 30, 2010 at 14:41:37
“When I bought my condo the guy who was doing the paperwork was angry I read all of the documents. Which was silly, there was nothing wrong-I just wanted to be sure.”
Look at all the vapid nonsense you had to go through to get to this. Why?
Two thirds of the people in France are in favor of these actions. Massive popular protest against the banksters. Of course it matters all over the world--oligarchies of the world have united, after all.
Huffpost covers the right wing clowns so thoroughly, you'd think that was all there was. What about this?
Serious slip, Huff. This needs to be front page news.”
flossophy on Nov 19, 2010 at 23:00:19
“The protestors are idi0ts.
They've been convinced by the establishment that it's the banker's fault... when in reality, it's the feckless social democratic politicians who are responsible for their predicament.
“Yes, the formula is that if the borrower cannot meet the mortgage, then the foreclosure is halted until the economy turns around (which might take years).
If the bank still wants to foreclose, let it return every penny that the borrower paid, then it gets the house back.
Don't need China to do this!
If this formula seems too drastic to you, consider the effect of millions of foreclosures. Why should the banks profit from such a disaster?
If the banks were irresponsible enough to inflate this bubble, let them eat the loss. Not the taxpayer, not the borrower, and no, not the China bank either.”
“I think he is just commenting on this one interview, and Greenspan was not there. But rest assured, here and there Bob has denounced Greenspan's nefariousness a million times already.
Here is the first choice of google,
“Thanks, you have come up with a fantastic metaphor.
Capitalism is a game similar to football, but with one difference: in this game, the ball gets heavier and heavier each time that you kick it. When the ball becomes too heavy, the game is over.
I think the heavy ball now is the derivatives market, with its size of hundreds of trillions of dollars. You will need a toe that can kick hundreds of trillions of dollars, and I do not think we have it.”
“Hey, you want a prudent course to stabilize the USA economy? Put a halt to home foreclosures when the banks come to you for a bailout! It was easy and straightforward to make such a request. Guaranteed to win you a popularity like FDR's.
Unfortunately, Obama did nothing of the kind.
Meanwhile, our economy is not the least bit stable. Care to guess what we will be told is required when the next "collapse" happens? It'll be even more accomodating to the wealthy, even less for the rest of us.”
party-of-one on Aug 12, 2010 at 05:57:34
“huffino, actually, I was speaking about the GLOBAL economy. :Stable" is a relative term. When Obama took office the GLOBAL economy was in a free fall. It is not now.
I think you are right to look to FDR for inspriration and example. It is important to note, however, that FDR inherited the Great Depression, but did not face WAR until his THIRD term. Obama inherited a depression and two wars.
Many argue that the U.S. ended the Depression when it entered WW II. Unemployment is not an issue when you are drafting every healthy male, and cannot manufacture SUPPLY enough to meet worldwide DEMAND for the tools of war.
Unfortunately on home forclosures, due to irresponsible Bush, Clinton and bank policies, and also irresponsibility on the part of many borrowers, millions of people got mortgage loans they should not have received, did not understand, and COULD NEVER repay. We need a formula that fairly holds banks and borrowers accountable for their share of the responsibility. I resist the notion that hardworking responsible taxpayers should take on the mortgage burden of irresponsible banks OR irresponsible borrowers. IF you have a formula for how to end foreclusures without BORROWING more money from China, or bankrupting struggling taxpayers, put it forward.”
“Make up your mind: either you stick with caveats like "no one with real power", or you blanket us all with "Everyone was in on the mass delusion".
Please examine the root of your delusion, and ask yourself why you are so eager to give a pass to someone like Rubin, while reacting dismissively towards those that thoroughly document those facts that you think are unknown to "everyone".
There are plenty of people who know these things, and they have known them for decades. It is up to you to decide whether to listen to them, or whether to continue to listen only to the hucksters that continue to pick our pockets.”
“That "freakin idiot" Mr. Rubin has pocketed hundreds of million of dollars as a consequence of his actions.
There is a kind of idiocy with people like Rubin, Geithner, Paulson, etc. It is the idiocy of greed. 2 million bucks in the bank and a happier world would be much better for them but no, they have to go for the hundreds of millions of dollars instead, even if it means having to live in a fortress (intellectual and physical) to avoid having to deal with riff raff like you and me.
In any case, I slightly disagree with your comment simply because I do not think that Mr. Rubin is the type of idiot that you describe; he knows what he wants and he knows how to get it, and your needs and mine be damned. His idiocy is seen at a higher level; he is an idiot for wanting such obscene wealth for himself more than to build a better world for us all.
Of course I agree that we should find some room in the slammer for Mr. Rubin. Let's just make sure that we know what kind of criminal we are dealing with here.”
party-of-one on Aug 13, 2010 at 09:07:13
“And Bill Clinton,too. He signed the deregulation law, and got mega millions in HUGE "speaking and consulting fees" within two years of leaving office from grateful coporations including Goldman Sachs.”