Will Jon Stewart Destroy Cramer's "Career"

Haven't you heard. The market is just a polling mechanism.

we, like the president shouldn't waste our time thinking about such minuscule insignificant matters.

We have more important things to do like attack success, tax small business, spend and protect the rights of terrorists.

God help us.


Nick

 

You mean wars like WWI (Woodrow Wilson - Democrat), WWII (Franklin D. Roosevelt - Democrat), Korean war (Harry S. Truman - Democrat), Cuban Missile Crisis,not a war but very nearly the end of the world (JFK - Democrat) or maybe the Vietnam war started by Lyndon B. Johnson, you guessed it yet another Democrat.


Has a democrat been at the helm for every US war? No, just most of them.

Don't they offer any history classes at your school?

Remember the famous words of Dean Vernon Wormer. "Fat, drunk and stupid is no way to go through life, son."

 

There are two sides to every story. Here's one for those Bush bashers on here:

President Carter, though opposed by the banking industry, signed into law the Community Reinvestment Act (CRA). To boost community development laws, CRA was a provision designed to stem bank "redlining," the practice of drawing a red line around low-income communities and denying lending in these areas. The original intent of CRA was to encourage banks to foster homeownership opportunities in underserved communities.

Republicans had won control of Congress in mid-90's and planned CRA reforms. The Clinton Administration, however, allied with Rep. Barney Frank, Sen. Kennedy (D-Massachusetts) and Rep. Waters (D-California), did an end-around by directing HUD Secretary Andrew Cuomo to inject GSEs (Fannie/Freddie) into the subprime mortgage market.

Urged on by ACORN, congressional Democrats and the Clinton administration helped push tolerance for high-risk loans through every sector of the banking system -- far beyond the sort of banks originally subject to the CRA. So it was the efforts of ACORN and its Democratic allies that first spread the subprime virus from the CRA to Fannie and Freddie and thence to the entire financial system. Soon, Democratic politicians and regulators actually began to take pride in lowered credit standards as a sign of ‘fairness'

ACORN had come to Congress not only to protect the CRA from GOP reforms but also to expand the reach of quota-based lending to Fannie, Freddie and beyond." What resulted was the broadening of the "acceptability of risky subprime loans throughout the financial system". Initially the GSEs (Fannie/Freddie) resisted purchasing these risky mortgages but eventually the Clinton Administration instructed them to substantially increase the percentage of these mortgages in their portfolios.

An article in the Los Angeles Times from the late ‘90s praised the sudden surge in homeownership among minorities, calling it “one of the hidden success stories of the Clinton era.” A New York Times article from Sept. 1999 states that Fannie Mae had been under increasing pressure from the Clinton administration to expand mortgage loans among low- and moderate-income people and that the corporation loosened its lending requirements to comply.

Repeal of Glass Steagall by Clinton

Since repeal of Glass Steagall in 1999, after more than a decade of de facto inroads, super-banks have been able to re-enact the same kinds of structural conflicts of interest that were endemic in the 1920s – lending to speculators, packaging and securitizing credits and then selling them off, wholesale or retail, and extracting fees at every step along the way. And, much of this paper is even more opaque to bank examiners than its counterparts were in the 1920s. Much of it isn’t paper at all, and the whole process is supercharged by computers and automated formulas.

After signing the bill to repeal this act, the pen used was presented by Pres. Clinton to Sandy Weill, the 'creator' of Citigroup. No wonder they feel responsible to bail them out?

Bill Clinton admitted on Good Morning America, Thursday September 25, 2008 that Democrats are the blame for the current crisis and the need for a government bailout.

 

We were brought into Vietnam technically under JFK.

Also, the poster said "started war". So, unless you believe the conspiracy theories that FDR allowed Pearl Harbor to be bombed, then he did not "start" WW2.

 

funny enough from Stewart, though I could use less of the pop culture references and the really stupid kids crap.

 

Stewart's funny because his comedy taps into inherent common sense - many things that many of us think, but are reluctant to speak about or in the terms he speaks about them.

He reflects societal sentiment in a way that only the best comedians are able to, and taps into their psyche, and lets them know there are others who agree that so many things - well, like Cramer and CNBC - are modern day perversities full of logical fallacies.

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Will Jon Stewart Destroy Cramer's "Career"



Just because organ grinders and monkeys no longer provide low and crude street entertainment, does not mean there is not an appetitte for such entertainment. Kramer fills that niche sans organ grinder.

 

You do realize Jfk was a Democrat?

 

i read an article the other day and it said he has lost some 40 million in networth with his stock interest in the street.com losing some 90% in value.