Dodd: Financial Crisis Was ‘Avoidable’

Put-up or shut-up you anonymous scum bag. Everyone on the hill debates sincerely. Terence David Carroll ( vote TERRY D.C. )

I have a suggestion for the Feds. Lets bail out the many homeowners that are struggling to pay their bills and let the ones that have already foreclosed stand. Let the banks take the hit and salvage the rest.

Dodd has taken more money from Fannie and Freddie than any other senator in congress. Guess who is a close second to Dodd, you guessed it OBAMA. This is all absoutly disgusting.

If you support Obama than you support Dodd. Great choice you have made.

A lot of things are avoidable, especially in Washington, if….if our politicians where truly there to represent us, instead of themselves, lining their pockets, going along strict party lines. Unfortunately they are there for their own glory and not for the glory of our country or her people…and that is very very sad.

Dodd is a joke! If McCain’s suggestion had been taken in 2005 this would all have been avoided!!! Vote McCain/Palin Please, please if you want a sane government!!!!

Next should be an investigation into what regulators looked the other way and why. The media should bring the pressure for this.

Mark, read my previous comments. Dodd and Obama are on the take with fannie and freddie, more than any other senator. You are blaming the wrong people, wake up.

Hey…that’s great. Just wanted I needed to see to start my day off…
Dodd’s picture with his scumbag friend.

No tough questions and follow ups to Dodd from ABC? Like “Doesn’t it take hubris to sit there and blameothers when you Senator Dodd Chair the Banking Committee, obtained a sweatheart mortgage and is the lagest recipient of political donations?

News for ABC and the rest of MSM, we are going to get the facts out weather you like it or not. Dodd=$198,000 and Obama=$185,000 from fannie and freddie lobbiest. Why dount you report the facts ABC, they got more more money then any other senators and blocked additional regulations the Bush administration tried to install two years ago.

is Dodd going to appear on the View next and fist bump Whoopi and Joy Behar?
How about asking real questions of Obama supporter Dodd?

I wonder why the Dems are not calling for a congressional investigation into the mortage crisis???? They would be investigating themselves is why.

CW
Let me answer you
Obama took $185,000 in 3 years
Todd took $198,000 in 7 years
Clinton took $135,000 in 6 years
McCain took $20,000 in 20 years.
Liberals never get it

The best thing you can do is allow these bankers to fall flat on their faces…. that is the only way they will be taught a lesson. The unfortunate downside is that its going to bring down the entire economy. All these bailout proposals I hear basically are the same, transfer the cost of the failures to the american taxpayers. The question I pose to readers is: If these banks became so large that they were considered “Too Big To Fail”, then why is the solution creating even BIGGER banks (i.e. merger of JPM & Bear Stearns, merger of Bank of America and Meryll Lynch)? My second question, why should we bear the cost of their failures?

Let’s see you bother the money from “us” the US Taxpayer to give to the banks who participated in the corruption and helped rake everyone over…now those same banks get to keep the assets that we are paying for? I say GIVE every man and woman who got foreclosed on a FREE house…in America….Let’s take the bailout right to the lowest level first….OH…that’s right….you can’t!

John McCain new what was happening, it’s the same as the S&L scandal and the Keating 5, in which he was involved in.

Liberals
do you know that
Obama & Todd got a loan .5% less than the current market rate 3 years ago?
Nitya Venkataraman – why don’t you write about it

deb, read our previous post and look it up before you embarrase yourself again.

The media is only as liberal as the giant corporations that own it.

Apparently there’s a lot of hardcore Republicans blogging this morning. You guys can’t blame Bill CLinton for this big mess. The Republican mantra for years has been Deregulation, Deregulation, Deregulation!!! Combined with George Bush’s hands off policy when it comes to oversight this is what happens! And Mr. Deregulation himself, John McCain has now suddenly morphed into Mr. Regulator. What a joke!
Obviously when Ronald Reagan died the GOP buried his “The Buck Stops Here” sign in the grave with him!

Obama is on the take big time with freddie and fannie. Now you would vote for him knowing where his money came from.
Posted by: billy bob | Sep 19, 2008 9:09
******************************************* John McCain’s 3rd highest financial support came form Fannie and Freddie. Most of his campaign staff and advisors were lobbiests for Fannie and Freddie.
Do your homework.

Every politition on that committee needs to go to jail democrat and republican, at the very least they need to removed from office. I am outraged. Polititions need to be accountable – like doctors and lawyers and pilots and everyone else.

At least 20 McCain fundraisers have lobbied on behalf of Fannie Mae and Freddie Mac, netting at least $12.3 million in fees over the past nine years.
And for years, Rick Davis (Mccains campaign manager) served as president of an advocacy group led by Fannie Mae and Freddie Mac that DEFENDED the two companies AGAINST INCREASED REGULATION.

The real question everyone should be asking is; after this huge bailout that the American taxpayer is footing the bill for (again), will the same licentious bank executives be kept in place continuing to make the same poor decisions? Pretty much like the automobile industry. The government will eventually bail them out also, while retaining the same CEOs (Rick Wagoner and Alan Mulally) who were pretty much responsible for the current debacle?

As Amy Winehouse would say “What kind of F***ery is this??!!” There are complete criminals running our government in total collusion with the Wall St. crooks all the while lining their pockets and sending the bills to the taxpayers. Wake up America! Do you really think any of these people that the Democrats or Republicans are parading out to run for president are really going to do anything about this? I agree it’s time for a change, but none of the candidates being offered by the major parties will bring it.

Obama and the DNC have worked to bring the people and the country to their knees in hope of gaining Ultimate power over the Country.
They have planned this election season for years. Said they would win at all cost.Screwing the country and the people and blaming a lame duck president, has been part of thier major plan.
That is why they did nothing and were not concerned up until now.
Ever wonder why Obama’s major concern with money has only been with getting more to Campaign with. Not the condidtion of the people or the country.
How can so many millions and millions of people be so dumb to vote for him and the DNC & Chicago Machines. They now have you and the country where they want and need you. At their mercy.
A vote for Obama is a vote for Socialism, No Taxes, Free Health care and eductaion.
Yes He will Change the government, not in a way that is good for you or America.
They know a lame duck president is at their mercy and can do nothing.
They know Obama wants reparations Paid
They know Soro’s want s new Democracy
They know the DNC & Chicago Machine wants power.
They know the American People are to desperation, gulible and talked into Obama being the one to save them.
They know they have the best scapegoat and one to blame is a lame duck presidency.
Yes they can and are doing what it takes to get what they want.

A.Lincoln you are a fricking idiot if you think obama is going to be any different than all the politions on this committee. He is a little boy who will hide under the bed everytime a problem occurs. I would rather have Putin as president than ObamA. This is a problem with the entire SYSTEM not republican or democrat.

1) The Obama Presidential campaign is the first in living memory where average Americans own the biggest share: more than 50% of donations to Obama have been $25 or less, 80% have been $100 or less, and 93% have been $200 or less.
2) Obama and the DNC accept no federal lobbyist or PAC donations; McCain and the RNC do.
3) McCain has 133 lobbyists working for his campaign; his top staff is mostly DC lobbyists.
4) McCain got 10x more Top CEO donations than Obama in return for corporate tax breaks.
5) McCain’s flip in favor of drilling was rewarded immediately with big donations from oil execs.

Hey smart,
Obama = more taxes just listen to biden

why if we pay more taxes is it more patriotic

Kt: Forget A. Lincoln he plays with him self to much, like the Dem congress has been playing wih us for the last two years. A. Lincoln leave it alone for a minute and explain how Omuslim aquired $4,000,000 dollars being a community organizer in that short period of time, huh!! I’ve been working hard for 50 years and I only have half that?

To all that just want to blame Congress – There is plenty of blame to go around and the Repulicians are part of it. They are the ones that wanted and passed deregulation. That is there MANTRA. It took a few years to do its damage but now it is here. Perhaps Congress should of tried to reverse this cycle but Bush would of just vetoed it anyway. In addition, the majority in Congress for Dems is so slim (i.e. they need Lieberman) it is doubtful anything would of gotten done.

first of all lieberman votes liberal for everything except the war. The problem comes back to Fannie Mae / Freddie Mac. community reinvestment act actually required the large banks to make a lot of these loans. http://en.wikipedia.org/wiki/Community_Reinvestment_Act .

Banking Committee Chair Sen. Chris Dodd, D-Conn., stressed that both parties would work together to find a solution but emphasized that the “total meltdown of the financial market” was “avoidable.”
“This was avoidable. This did not have to happen. Where were the cops on the beat? Where were the regulators? When these loans were being made they did nothing.” Dodd said
There you go – Dodd said it himsef. And who empowers these regulators? Congress, or specifically Pelosi and her liberal socialist buddies.

Let see the guy who headed the committee charged with regulating Fannie and Freddie calling this “unavoidable”. I guess it was unavoidable when you were taking thier money to look the other way!! What a scumbag!!! Now the rest of us get to pay the price for your corruption, don’t we Senator.

Calling everyone a stupid racist will get your candidate more votes.

For those who run the flag of communism or socialism. This is not. I live in a socialist country for many years and the middle class and poor were protected social security, health care and so on.
Here, the common person have no protection only the rich get the protection. We have been black mail by crooks have been in power for eight years and other crooks before them what do you expect.

Truth Matters – you are showing your ignorance, it take 60 votes in the Senate to break a filabuster and the repubs didn’t ever have it. Without 60 votes nothing can get done on controversial issues. And yes I know some of the repubs joined with the dems in blocking the bill, but John McCain and Ron Paul did not they were pushing for “change” to protect the American people.

Hokuto – You said McCain “who was born into elite affluence”, you must have never served in the military because no one in the military gets rich. John McCain’s father and grandfather were both carrer military men. Please don’t speak about things which you know nothing about!!

Sorry Bob, but yes I served, active duty USN (HM2) 1969-73 (including two years with the 3rd Marine Division), plus two more years active reserve when I returned to college. Now, “elite” and “affluent” are in the eye of the beholder, I guess, but I’d sure say the son/grandson of USN admirals belongs to the social elite in our country, and to a lot more affluent class than my family ever was.

Poor guy, they turned off his money spigot.

What total hypocrisy! Dodd was part of the problem! This is a perfect example of how politicians often try to be cloud the issue with a false sense of virtue. see;
http://www.opensecrets.org/news/2008/07/top-senate-recipients-of-fanni.html

BO is a socialist muslim, in BO’s own words I WILL SIDE WITH THE MUSLIMS if political winds shift? He now calls for his followers to get in our face, how much continual threats do we have to take from the terrorist, the anti-christian, anti-american left? A saudi and a black panther got BO his Harvard appointment, check? Dodd and BO received the most funds from Fannie and Freddie, check? Democrats, and people Repub’s like Hagel should be removed from office voters? There are at least 20,000 islamic fighters in America, trained killers, waiting on thier marching orders! The 9/11 guys spent the last month of thier lives in Iran, the ones who cut Americans throats, NIE report, check! This is sick that our trusted media, fellow Americans would dare allow, and facilatate the take over of our government and country! Show Boracks past to the American PUBLIC, let them see the real Lou tribe descendant that supports the sharia law take-over of 5 African countrys, check Odinga his uncle! Good Day fellow Americans.

Can you say “Atlas Shrugged” (by Ayn Rand)? Deja vu all over again, Yogi.

this is too complex an issue for most americans to grasp ,the hows whys and who done its of this situation are much too intricately intertwined for any non expert to really have a well informed opinion about.
so who cares who runs the banking committee? what difference does that make if he is 1 democrat with 9 republicans voting against him? the truth is that ,if you read up on it , the REAL problem was that the other greedy banks bought up all the bad sup-prime debt ,trying to make an easy quick $$ ,and guess what?
gas prices went south,the ecomnoy tanked (way before any banks were failing) people COULDNT make their mortgage payments due to the devalued dollar aka inflation
the truth is that the greedy investment banks were gambling AND LOST. and additionally , the big investment banks KNEW they were too big to fail anyway and if there ever WAS a problem ,well uncle sam would come a runnin’ to the rescue with taxpayer dollars ,which isnt such a bad thing for the banks anyway.
bottom line here is bush was president for the last 8 years with a veto power he threatens (and uses). if there was a problem with legislation , HE SHOULDVE VETOED IT. he is the person IN CHARGE ,NOT THE DEMOCRATS . THEY HAVE BEEN IN THE EFFECTIVE MINORITY FOR THE LAST 20 YEARS ,THATS WHY THERE IS SUCH A MESS NOW ,IE; 100% UNADULTERATED REPUBLICAN ECONOMICS.
this cart is in the ditch now because of the stupid republican horses that dont know what to do ,and just go in whatever direction they see fit ,without any clue ,or logic.
they need a good smack on the head with a bull whip to get their attention ,just like a stupid ill tempered horse.
yeah go on adam, tell me how the democrats have been passing all that legislation lately that they have been really pushing for like ummmm… like stopping the war in iraq… NOT!!!
THEY CANT PASS ANY LEGISLATION BECAUSE THE PARTISAN REPUBLICANS ARE DRAGGING THEIR FEET CONSTANTLY…EVERY AMERICAN SEES THIS AND WATCH AND SEE,WITHIN 6 YEARS THE REPUBLICAN PARTY WILL BE LUCKY TO HAVE 30-50 PARTY MEMBERS IN BOTH SENATE AND CONGRESS.
YOU SCREWED UP BIG TIME…WE SEE AND MORE LYING WONT HELP…STICK A FORK IN THE REPUBLICAN PARTY (THE MORAL MAJORITY…BWAHAHAHAH!!) THEYRE DONE!!!

“bah” calm down man! You’re going to loose, accept it. The only thing that I’m going to stick a fork in is my Thanksgiving Turkey in Nov while giving thanks to GOD for preventing one of his lost sheep from becoming President. Pass the cranberry sauce please..

btw ,anyone care to comment on something cogent?(look it up ,i will wait).
how about chuck rangel saying palin is totally unqualified and also refusing to endorse mccain , HIS OWN PARTIES’ ELECTORAL CANDIDATE…
go on.tell me how you , an uninformed outsider know so much more about mccain or palin and their qualifications,or lack thereof, that you will vote for them in light of mr rangels’ vote of no confidence in either of them?
charlie aint gonna do it!
good for you mr rangel ,show some intelligence and smarts. rare for a republican but it does happen.
laff…cmon SPIN IT FOR ME BABY!!
ROFL!!

I am asking everyone to email a note to Senator Boxer who is the head of the Senate Ethics Committee to ask him to investigate Sen Obama breaking the Logan Act in his attempt to get Iraq to not withdrawl troops until he took office. This is a well known story with Iraqi saying he requested it. Here is the note I sent. you can put your name in place of mine at the bottom. Please make sure you include your name and state and county at the bottom. You can exclude pumapac if you desire. Please do a bcc or blind copy if you can to prowl@pumapac.org
The more people who do this the better chance we have of getting some action on this terrible act of treason and selfishness allowing people to maybe die in a war so he could be elected. Everyone is invited to come to blog.pumapac.org a place where the common person is trying to have his voice hear. A super friendly place. please pass this around to other blog sites that might attract people to join in this effort.
Senator@boxer.senate.gov
SUBJECT: Obama in violation of Logan Act!
9/19/08
PumaPac.org
Contact: Murphy@pumapac.org
Dear Member of the Senate Ethics Committee,
I am writing to request that you open an investigation into the actions of Senator Barack Obama with regard to his July visit to Iraq. News reports, as well as the statements from Senator Obama’s own campaign, confirm that Senator Obama attempted to negotiate a plan for troop withdrawals and a framework for the American presence in Iraq in such a way as to benefit him politically. This is clearly an unethical way for a member of the United States Senate to act, using his status and leverage as a Senator and prominent candidate to undermine the Administration and to benefit his own political career. It also appears to be a direct violation of the Logan Act.
From the Logan Act:
“Any citizen of the United States, wherever he may be, who, without authority of the United States, directly or indirectly commences or carries on any correspondence or intercourse with any foreign government or any officer or agent thereof, with intent to influence the measures or conduct of any foreign government or of any officer or agent thereof, in relation to any disputes or controversies with the United States, or to defeat the measures of the United States, shall be fined under this title or imprisoned not more than three years, or both.”
I am a member of Puma PAC, People United Means Action (http://pumapac.org). We are the Voice of the Voters in the Democratic Party and we strongly oppose Senator Obama’s selection as our Party’s nominee. We believe he is an unethical politician, disloyal to the fundamental values of our democracy.
Thank you for your consideration and time.
Sincerely,
first initial and last name and county state
Puma PAC Democrat

bah: does that mean that you’re living on well fare. Be thankful that Olooser won’t be president in Dec because all you’d be getting is a bag of coal. Now go look for a job from some poor man. “Oh wait, I forgot”, you’re going to wait for Barrak(a)Claus to give you my money in Dec. Fat chance sucker!!

Come on bah, is Charlie really worth thinking about? Hey, I enjoy the exchange. Talk to you next week.

Why did you take all of that money from Fannie Mae Senator? And now that everything is melting down, on CNN just a few moments ago you continued your allegiance to the democratic party and tried to cover your rear end rather than stepping up to the plate and putting your country first. You are part of the problem Senator. Franklin Raines and the accounting issues AKA COOKING THE BOOKS in order to get a $50 million bonus, Jim Johnson and his “SWEET DEAL” low interest rate loans from CountryWide, your own “SWEET DEAL” low interest rate deals with CountryWide. Your willingness to look the other way while Fannie Mae and Freddie Mac were melting down. (TO The Tune Of London Bridge) FANNIE MAE WAS MELTING DOWN AND DODD DID NOTHING!

If only pigs, blankets, and lipstick could have come a week later…Gramps McCain wouldn’t have to flail about talking about firing everyone from the FEC, SEC, FCC…you know the alphabet soup (before he adds the MFIT to it) chiefs. What a doofus. THANK YOU SIR, MAY I HAVE ANOTHER…THANK YOU SIR, MAY I HAVE ANOTHER…THANK YOU SIR, MAY I HAVE ANOTHER…THANK YOU SIR, MAY I HAVE ANOTHER…THANK YOU SIR, MAY I HAVE ANOTHER!!!

A.Lincoln:
Obama will be elected President
When Pigs Fly! Get Real!
The McCain/Palin Landslide has begun!

Where is all the bail out money coming from? China, of course. How long before they decided to foreclose on the United States and reposess us?