GOP Rep.: 'Don't blame the banks ... I'm tired of hearing that crap!'

Noted Tea Party favorite and combative freshman Rep. Joe Walsh (R-IL) let his emotions get the best of him over the weekend when talking to some constituents at a bar in his district.

When asked about the U.S. banking meltdown, Walsh screamed, "Don't blame banks and don't blame the marketplace for the mess we are in right now, I'm tired of hearing that crap!"

He then told one man, "Be quiet or you're going to have to leave!"

The full video was posted by a liberal political blog called "Thump and Whip."

Walsh's D.C. office had no comment on the video.

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Oh Brother!

None other then IL's very own DEAD BEAT DADDY sure has some balls talking about finances when he OWES his children OVER$117,000 in BACK child support!

Hey Joey - you want to know what crap I'm tired of hearing about?

That those who are unemployed are somehow responsible for their predicament!

One more thing Joey - winning your district by 296 VOTES hardly gives you a mandate!

Not that it will matter - because you will be joining the unemployment line in 2012 - the only difference being is that in this case YOU are the only one to blame!!!

  • 57 votes
#1 - Wed Nov 9, 2011 11:54 AM EST

Reality check time- we are all 1%-ers.

To be consider in the top 1% of the world in earning you need to make ONLY $34,000 per year.

The median US household income in 2009 was $50,000.

The US poverty threshold for a family of 4 was $21,756.

Inequality in all things is just a fact of life.

I make more than someone like Amy because of a host of factors and decisions that began when we were youths. No matter what we are not equal in any way.

We are different, and that's ok. The important thing is we all have equal opportunities.

There is also luck, timing, initiative and skill. There is physical inequality, mental inequality.

Oh and you all might have heard this, but life ain't fair.

if it was I'd be a retired shooting guard for the Lakers.

Damn NBA strike.

  • 3 votes
#1.1 - Wed Nov 9, 2011 12:11 PM EST

Yeah, a "family values" Republican who wants "fiscal responsibility" yet refuses to pay child support...

The proper response to someone like that is to point at him and laugh.

  • 49 votes
#1.2 - Wed Nov 9, 2011 12:11 PM EST

After watching that clip all I can say is WOW!

Talk about a 'nuculur' meltdown!

This is how you speak to your supporters? lol

Joey has been redistricted - and will more then likely face Tammy Duckworth (that'sif he makes it past the primary)!

Let me be the first to say, Congratulations Congresswoman Duckworth!

  • 44 votes
#1.3 - Wed Nov 9, 2011 12:16 PM EST

Did Walsh say that government DEMANDED that everyone own a home?

Good lord, that dude is misinformed.

  • 27 votes
#1.4 - Wed Nov 9, 2011 12:21 PM EST

Naa, Feisty - nuclear meltdown is what Ill.'s finances are doing right now.

man, your elected representatives have really done a number on your state.

Progressive Paradises are great, right?

  • 7 votes
#1.5 - Wed Nov 9, 2011 12:22 PM EST

Walsh needs to see the movie "Margin Call," which outlines in pretty graphic detail EXACTLY why the banks need to be blamed.

This guy is in a perpetual state of denial. But repeatedly saying it isn't so doesn't make it not so.

  • 34 votes
#1.6 - Wed Nov 9, 2011 12:23 PM EST

nisl:

Did Walsh say that government DEMANDED that everyone own a home?

Good lord, that dude is misinformed.

Well, actually ....

http://www.youtube.com/watch?v=MqR15H0gNBU&feature=related

http://www.youtube.com/watch?v=QYvtvcBKgIQ&feature=related

  • 4 votes
#1.7 - Wed Nov 9, 2011 12:32 PM EST

"Yeah...don't blame the banks...blame the Unions! It's all their fault that we are in this mess, what with their wanting to collectively bargain for their rights and keep the pensions that they have earned through years of hard work!"

Seriously...these are the same guys who will prance around pronouncing Obama as a failure because we have 9% unemployment and not enough jobs being created, and then, when discussing unemployment benefits, will say "Why don't these lazy people just go out and get jobs?!"

What a bunch of hypocritical nimrods!

  • 41 votes
#1.8 - Wed Nov 9, 2011 12:33 PM EST

Wow, oh Wow! Dead-beat Dad Walsh just proved he's a loud-mouthed bully and a loony bully at that. Regulations are NOT the problem, it is greed that is the problem and the lack of regulations promoted the greed. Dodd/Frank is a good start but it didn't go far enough. Bring back Glass-Steagall and the other Depression era banking regulations that kept this country on track for 60 years until they were dismantled by Reagan, Bush, Clinton and Bush--enter the 2008 epic collapse of the economy.

Judging from the expression of the bar patrons, my guess is Walsh lost some votes with his out of control rage and rant.

  • 34 votes
#1.9 - Wed Nov 9, 2011 12:38 PM EST
Comment author avatarJoAnnaSmith1Expand Comment Comment collapsed by the community

AM: This guy is in a perpetual state of denial. But repeatedly saying it isn't so doesn't make it not so.

So blame the banks. See where it gets you, the same place you are now more than likely. Blame Bush, blame the GOP, blame Greece, blame the lobbyists, blame, blame, blame.

But don't blame Washington for spending $1.5 trillion a year we don't have. In fact, send more money to Washington and have them spend even more. The lobbyists will certainly love it, more money for them to influence with the same contacts they had before (Rangel, Boehner, Pelosi, etc.). You don't like lobbyists much do you Libs, well, except when they secure funding for things you like, like Solyndra.

You Libs waste your time thinking you're getting something done. Don't think so? Please explain how Dodd/Frank prevented MF Global and Corzine from going under. Yeah, Dodd/Frank was a complete waste of time if he couldn't put red flags up on how over-leveraged Corzine got that company. Be sure to blame the GOP and Bush for that one too Libs. Blame is what you do best.

  • 6 votes
#1.10 - Wed Nov 9, 2011 12:38 PM EST

Walsh needs to see the movie "Margin Call," which outlines in pretty graphic detail EXACTLY why the banks need to be blamed.

Isn't that kinda like saying Anna Molly needs to watch "Law and Order" or "Judge Judy" to understand law?

And really AM, your understanding of the financial meltdown is based on a liberal Hollywood movie?

So sad.

  • 4 votes
#1.11 - Wed Nov 9, 2011 12:39 PM EST

Anything happening with AG Holder? Did he ever testify in front of Congress and explain Fast and Furious?

What's the ratio of articles around here about Holder and say, Cain? 120:0?

At least Cain didn't run a program that killed anyone. Actually Cain did something much worse - He's a black man that apparently likes white women.

  • 4 votes
#1.12 - Wed Nov 9, 2011 12:45 PM EST

Well, there you are Sniffy...

Where you been honey?

Are you done crying in your Cheerio's yet? lol

Strange how NONE of the usual right wing nitwits had the courage to show up this morning!

If you think LAST night was bad - just wait until next year! HAHAHAHAHAHAHA!

PS: The only ones you & the rest of your ilking are fooling with your petty distractions are yourselves! ;o)

PPS: Your dryer is buzzing - your BIG girl panties are dry!

  • 26 votes
#1.13 - Wed Nov 9, 2011 12:46 PM EST

Not only does this Tea Nut not know anything about the financial crisis and what caused it, he is emotionally unstable and not able to handle someone challenging his delusion.

Sounds a lot like many of the wingnut posters on the internets...

LOL!!!

You Tea Nuts are represented well.

  • 26 votes
#1.14 - Wed Nov 9, 2011 12:47 PM EST

JoAnna.

So blame the banks. See where it gets you, the same place you are now more than likely. Blame Bush, blame the GOP, blame Greece, blame the lobbyists, blame, blame, blame.

But don't blame Washington for spending $1.5 trillion a year we don't have. In fact, send more money to Washington and have them spend even more

Spending did not cause the financial crisis. The banks did with their irresponsible actions.

But I understand why you feel the need to deflect. The delusion must be preserved.

  • 22 votes
#1.15 - Wed Nov 9, 2011 12:50 PM EST

bob,

Noticed that anything that doesn't agree with you you label liberal. Truth hurts doesn't it? Poor little Bobby. Dont' you worry 'bout a thing. If all goes as expected it will all go away November 2012. No more shared responsiblity for governing. However I have to say once Nancy takes over again. your work days will double from 94 to about 180. Obama 2012.

  • 22 votes
#1.16 - Wed Nov 9, 2011 12:50 PM EST

After watching that clip all I can say is WOW!

Talk about a 'nuculur' meltdown!

This is how you speak to your supporters? lol

It is when your constituents are far more informed then you.

Walsh is permenantly invested in the right wing delusion.

  • 26 votes
#1.17 - Wed Nov 9, 2011 12:52 PM EST

JoAnnaSmith,

Knowing someone's insipid feisty fetish regarding Walsh, I laughed when I first saw this headline remembering your woo .... pig .... sooey comment from last week.

It was perfect then and today (and actually everyday here at FR).

Thanks for the laugh .... twice!

  • 1 vote
#1.18 - Wed Nov 9, 2011 12:52 PM EST

Here me loud and clear... I blame the banks, Wall Street and any other greedy idiot that couldn't quit gambling.

I blame the banks, Wall Street and any other greedy idiot that couldn't quit gambling. I blame the banks, Wall Street and any other greedy idiot that couldn't quit gambling. And I blame the banks, Wall Street and any other greedy idiot that couldn't quit gambling.

That felt great!

  • 13 votes
#1.19 - Wed Nov 9, 2011 12:58 PM EST

'cant's: Spending did not cause the financial crisis.

Tell that to Greece and Italy, and soon us.

You have no clue, do you 'cants?

  • 3 votes
#1.20 - Wed Nov 9, 2011 12:59 PM EST

Seems to me the woo...pig...sooey is more self-reflection by JS1 and now little bob numbers; then again, pig is a perfect description of dead-beat dad Joe Walsh, woo...pig...sooey....sooey.

  • 12 votes
#1.21 - Wed Nov 9, 2011 1:04 PM EST

Abanana,

Need a redo?

Take your time, try to put together a cogent thought and I'll check back in a few hours.

Edit:

Jody - Ditto

  • 3 votes
#1.22 - Wed Nov 9, 2011 1:05 PM EST

Joanna: just a simple question, what does AG Holder testifying in front of Congress have to do with this idiot telling off his constituents ?

Is that how you respond to every question which you can't answer, deflect and blame ?

Officer friendly: "Can you tell me why you were doing 45 in a 20 mph school zone"

Republican: "Eric Holder hasn't gone in front of Congress and fully detailed fast & furious."

Officer friendly: "Step out of the car. Face me. Follow the pen light. Lift your right foot up and extend your arms. Have you been taking any drugs or drinking any alcohol today. "

Republican: "Bill Clinton had Monica Lewinski in the oval office."

Officer friendly: "Okay, have you forgotten to take your medication. Dispatch, please send an ambulance to this location. We got another one. Yeah, another TeaPublican ready for the funny farm."

  • 23 votes
#1.23 - Wed Nov 9, 2011 1:15 PM EST

bob:

And really AM, your understanding of the financial meltdown is based on a liberal Hollywood movie?

So sad.

And yours is based on what, bobby? A conservative cable TV network that plays mighty fast and loose with the facts, whose billionaire owner has no scruples about illegally spying on people for fun and profit?

Have you seen the movie, bobby?

Maybe you should.

  • 15 votes
#1.24 - Wed Nov 9, 2011 1:16 PM EST

Perhaps JS1 would care to explain which party put us in debt the most. It isn't too hard, it starts G and ends with P that stands for pool--we got trouble, right here in GOP city. Two unfunded wars, an unfunded Rx medicare program purposely written to crush medicare, unfunded spending not matched by any previous administration except maybe Reagan's.

bob numbers, JS1 sorry about that, it was unbecoming of me to stoop to the same level; it was not meant as a personal reference but the part about Joe Walsh, I stand by that.

  • 15 votes
#1.25 - Wed Nov 9, 2011 1:21 PM EST

JAS1 -- The legislation to control excesses are being watered down as we type. Perhaps you should look to the lobbyists who are spending a lot of money on gallons and gallons of water.

  • 4 votes
#1.26 - Wed Nov 9, 2011 1:25 PM EST

AM: And yours is based on what, bobby? A conservative cable TV network . . . .

You know this how?

You've been called out Annie, and this is your response? Weak.

AM: Have you seen the movie, bobby?

Michael Moore makes movies too. Rather than watch them, it's more fun watching Mr. Moore try to explain he's not what he obstinately deplores, a 1%-er.

  • 4 votes
#1.27 - Wed Nov 9, 2011 1:27 PM EST

Dcia: JAS1 -- The legislation to control excesses are being watered down as we type. Perhaps you should look to the lobbyists who are spending a lot of money on gallons and gallons of water.

Yup! This is the usual line of "reasoning" from the Lib crowd. They celebrated Dodd/Frank when it was legislated, but when it fails under the simplest of conditions, they blame someone else. This is the Democrats and Obama's response to Wall Street, they (the Dems and Obama) need to be held accountable for the failure of Dodd/Frank.

And here's a bit of advise Dcia, to lessen/eliminate the influence of lobbyists, get the money out of DC. Right now it's just easy pickings for those lobbyists, this while the Left argues for more money to go Washington, which is a lobbyists dream. Instead, the Left wants more money and power to go to DC, the lobbyists will celebrate it if/when it happens.

Jody: Perhaps JS1 would care to explain which party put us in debt the most.

Jody, just for once, get off your MSNBC late night programing talking points. You look like a tool.

  • 3 votes
#1.28 - Wed Nov 9, 2011 1:37 PM EST

AM,

Are you really stupid/bigoted enough think JAS1, no joe, Spanky, Bill, etc. and I get our opinions from a political entertainment show?

As important as the meltdown is, at least one of you guys should have a clue.

You're a lot sharper than the average libby bear in the park and probably have the attention span to read a 3 page article..... you should go for it.

Smoking-Gun Document Ties Policy to Housing Crisis by Paul Sperry / IBD posted on 10/31/2011 is a good place to start.

If you want more, let me know.

  • 3 votes
#1.29 - Wed Nov 9, 2011 1:51 PM EST

Alcohol is legal. If I choose to drink and drive and end up harming someone who is responsible?

If I use your logic Bob, the government would be responsible because they made alcohol legal.

The same could apply to the housing crisis. If government encourages home ownership it didn't license the banks to make bad loans nor did it give license to Wall Street to perpetuate the bubble in a gambling frenzy.

  • 6 votes
#1.30 - Wed Nov 9, 2011 2:13 PM EST

JoAnnaSmith1

"Anything happening with AG Holder? Did he ever testify in front of Congress and explain Fast and Furious?"

WHOOP! There it is!

Thanks, Smiff- we all been wondering where this was since way way early this morning.

Now, repeat after me: "Teleprompter".

  • 6 votes
#1.31 - Wed Nov 9, 2011 2:13 PM EST

joanna-agent smith. You're such a hypocrite. You're constantly blaming the current administration for everything and yet you are screeching about others playing the blame game. Shut your pie-hole.

Oh, spanker...We have to take care of the US first before we solve the world's equality problems. BTW, you forgot to mention that as school tuition goes up fewer people who aren't born into money will be able to afford it making it only for the wealthy.

And just so it's more clear to you (but it wont matter anyway because of your self-imposed blindness) the act of being born should not qualify you anymore than it should disqualify someone else. If you're parents are wealthy or poor should have no bearing on your ability to seek higher education.

It's just social darwinists like yourself who think that way...and I might add that if those same social darwinists were born poorer they would be singing a different tune.

  • 7 votes
#1.32 - Wed Nov 9, 2011 2:30 PM EST

JAS1 -- No amount of reasoning necessary. End their ability to influence, simple. Perhaps the House will take this issue up ASAP.

  • 2 votes
#1.33 - Wed Nov 9, 2011 2:30 PM EST

Dont_

You seem like a nice person.

Read the article I mentioned above and please get an understanding.

it didn't license the banks to make bad loans

It did everything possible to force banks to make bad loans, including discrimination threats, % mandates, everything ....read the article.

Gambling?

The Commodity Futures Modernization Act made it legal, literally instructed that state governments could not consider the actions as gambling!

The article doesn't go into CFMA and other horrible legislation but is a start.

Let me know if you need other articles about the other stuff.

  • 2 votes
#1.34 - Wed Nov 9, 2011 2:41 PM EST

booby-1805084 wrote

AM,

Are you really stupid/bigoted enough think JAS1, no joe, Spanky, Bill, etc. and I get our opinions from a political entertainment show?

booby, from everything you all write, it is obvious to even the most casual observer that all of you get all of your information, and form all of your opinions from what is broadcast on Faux Noise . . . err, Fox News.

  • 5 votes
#1.35 - Wed Nov 9, 2011 2:43 PM EST

Matt: booby, from everything you all write, it is obvious to even the most casual observer that all of you get all of your information, and form all of your opinions from what is broadcast on Faux Noise . . . err, Fox News.

My, how pompous.

Where do you get your news from Matty?

  • 3 votes
#1.36 - Wed Nov 9, 2011 2:49 PM EST

What an incredibly rude punk. He lies to his constituents and then tells them to shut up when they dare question him. I can explain his election, because I know the Tea Party Intellectual Hotel has a perpetual "Vacant" sign burning.

What I can't explain is how this punk managed to find a second woman who would marry him. Are there really women on this planet with so little self-respect?

  • 9 votes
#1.37 - Wed Nov 9, 2011 2:50 PM EST

@BOB ####### Yes.

  • 1 vote
#1.38 - Wed Nov 9, 2011 2:51 PM EST

Bob -- The banking and housing crisis brings out the rebel in me! I'm still pissed. Will read the article later and give my opinion but I probably will still be pissed! ; )

  • 3 votes
#1.39 - Wed Nov 9, 2011 2:51 PM EST

Does this guy own the bar? He said he was going to ask someone to leave because they won't let him filibuster?? Who made him the proprietor?

What a loudmouth loser.

The fact is CRA didn't even apply to most of the mortgage lenders. It's been used as a excuse. Dodd/Frank doesn't go far enough becasue Republicans watered it down.

  • 7 votes
#1.40 - Wed Nov 9, 2011 3:37 PM EST

Me: Spending did not cause the financial crisis.

JoAnna.

Tell that to Greece and Italy, and soon us.

You have no clue, do you 'cants?

BWHAHAHAHHAHAHAHAAA!!!!!

Thanks for making it very, very clear you don't have a clue beyond what the conservative game of telephone has fed you.

Wow. Just wow. LOL!!!

In response to my informing your ignorance that debt did not cause the financial crisis, you tell me to tell that to Greece and Italy. Two countries who are dealing with the debt they ran up, which was made worse BECAUSE OF the financial crisis. Their debt did not create the financial crisis.

Dumb, dee, dee, dumb, dumb, dumb....

LOL!!!

The funniest part is, you deflected from the fact that the banks created the financial crisis by pointing to the debt, and then deflected from your initial deflection and ignorance by mentioning Greece and Italy.

Study up neophyte. Study up.

  • 5 votes
#1.41 - Wed Nov 9, 2011 4:03 PM EST

Seriously?

The banking industry spends a trillion dollars to lobby congress and writes Phil Graham's bill to deregulate and somehow it isn't the banks fault?

failure of Dodd/Frank

Because the GOP filibustering any nominees to key positions or funding for the new regulatory agency can't possibly have anything to do with it... When your party stops being part of the @!$%#ing problem, let us all know.

  • 6 votes
#1.42 - Wed Nov 9, 2011 4:09 PM EST

bob.

Are you really stupid/bigoted enough think JAS1, no joe, Spanky, Bill, etc. and I get our opinions from a political entertainment show?

Um....your posts make it pretty darn obvious, dude.

Besides, how else do explain each and every one of you holding the same irrational and baseless positions? It is unreasonable to think you all came to the same false conclusions on your own, as the facts do not lead to those positions.

For an example, we need look no farther then the source you provided for the basis of your delusional beliefs on the financial crisis. Paul Sperry. Conservative pundit.

Rather then provide independent analysis on what caused the financial crisis, you did as most conservatives do on most issues.....mostly because they have to. You pointed to a conservative hack who created a narrative that fits your ideological delusion.

I do realize that the independent analysis simply does not tell you what you want to hear. But....LOL!!!

Very amusing. LOL!!!

  • 5 votes
#1.43 - Wed Nov 9, 2011 4:13 PM EST

bob.

The Commodity Futures Modernization Act made it legal, literally instructed that state governments could not consider the actions as gambling!

The article doesn't go into CFMA and other horrible legislation but is a start.

Many things and people helped create the many things that led to the conditions that allowed the banks to create the financial crisis. Some more than others.

However, what you are doing is obvious. You are desperately looking for a way to deflect the blame towards the democrats, and progressive policies. The non-sense from Sperry and his fellow hacks is just what you needed.

Problem is, however, that the independent analysis shows you are wrong.

Some advise. Stop looking to justify the ideological positions you were told you should hold. Do your OWN research. Think that research through on your OWN. And come to your OWN conclusions based on the facts you found in your research.

  • 4 votes
#1.44 - Wed Nov 9, 2011 4:20 PM EST

Just don't mention those three paragons of financial system reform - Graham, Leach, Bliley (Republicans all) who enabled Citi to get away with what was extremely illegal, by retroactively authorizing its activity.

  • 3 votes
#1.45 - Wed Nov 9, 2011 4:29 PM EST

GOP Rep.: 'Don't blame the banks ... I'm tired of hearing that crap!'

* * *

Rep. Walsh, bear in mind, it wasn't the grocery stores who sent Red Square Paulson to beg Socialist Bush for TARP. Do you have a short memory or what?

It wasn't the auto body shops who packaged and knowingly sold "crap mortgages" which the underwriter knew would default.

It wasn't flower shops who were over leveraged.

AND LAST BUT NOT LEAST, it wasn't bowling alleys who shorted Lehman Brothers out of existence.

I'm tired of the crap too -- your crap, Rep. Walsh.

  • 6 votes
#1.46 - Wed Nov 9, 2011 4:44 PM EST

For the person who brought up AG Holder and fast and furious did you watch the cspan hearings. Seems something called "operation wide receiver" was revealed and so far no one was claiming a cover up as you want to imply. So quit your phony scandal rhetoric you got nothing. Thank you for the info people should be aware of dirp101.

  • 2 votes
#1.47 - Wed Nov 9, 2011 5:19 PM EST

Wow! As Mr. Rogers would have said to Illinois voters "Can you say Recall Election'?"

  • 2 votes
#1.48 - Wed Nov 9, 2011 5:44 PM EST

Unfortunately, no state can hold a recall election of it's Representative or Senator. Otherwise the Tea Party would have been over a long time ago.

Remember, tea parties are for little girls, stuffed animals, dolls and imaginary people. Since most of the GOP in Congress are not little girls, you pick which category they fit in.

  • 2 votes
#1.49 - Wed Nov 9, 2011 5:51 PM EST

18 states provide for the recall/removal of a US Senator or Representative. They are as follows: Alaska, Arizona, California, Colorado, Georgia, Idaho, Kansas, Louisiana, Michigan, Minnesota, Montana, Nevada, New Jersey, North Dakota, Oregon, Rhode Island, Washington and Wisconsin. All 50 states and the District of Columbia allow for recall/forced resignation referendums; some binding others advisory only.

  • 2 votes
#1.50 - Wed Nov 9, 2011 6:10 PM EST

Robert: it would be interesting to see some state try. I would bet that they would not succeed, the power of recall NOT being a specific provision of the Constitution.

See: http://www.senate.gov/CRSReports/crs-publish.cfm?pid='0E%2C*PL%5B%3A%230%20%20%0A

for a pretty detailed analysis.

    #1.51 - Wed Nov 9, 2011 6:19 PM EST

    Reality check time- we are all 1%-ers. To be consider in the top 1% of the world in earning you need to make ONLY $34,000 per year.

    Check again. The US has only 4.5% of the World population, so pretending that the "1% argument" means the whole world rather than just 1% of the US is a bit disingenuous. But even on an "entire world" basis with all the poverty stricken nations, it would still take a much higher income than that to get into the 1% club.

      #1.52 - Wed Nov 9, 2011 9:56 PM EST

      Pity the Fool! If you tell the same Lie over and over soon you even start to believe it. Il. voters do us a favor in 2012 Vote this liar out.

      Little joe you have NO respect for women do you.

      • 1 vote
      #1.53 - Thu Nov 10, 2011 8:46 AM EST
      Reply

      Finally a politician not afraid to speak the truth! The last time I looked the Wall Street banks paid back TARP with interest. We need to quit encouraging people that it's somebody elses fault for thier lot in life....

      • 5 votes
      Reply#2 - Wed Nov 9, 2011 11:54 AM EST

      Saying that a bank paid back the loans is ignoring the fact that several banks made bad mortgage loans.

      Many banks bundled those mortgages and call them grade A forcing other businesses to go under. Since the banks dumped the trash as grade A, they made huge profits.

      Even with foreclosures, many banks were rubber stamping them without doing the paperwork.

      • 16 votes
      #2.1 - Wed Nov 9, 2011 12:15 PM EST

      Rubber stamping them with Fannie and Freddie's approval

      • 2 votes
      #2.2 - Wed Nov 9, 2011 1:07 PM EST

      UAW, ignored fact--the big banks forced their bad mortage bets on to Fannie & Freddie; those banks used existing laws to make loans that should never have been approved knowing it was Fannie & Freddie that would be forced to accept them regardless--based on the laws.

      Who approved them? The banks. Why? They were stupid enough to think the housing market would never crash but just to be on the safe side, they bundled those loans and sold them as solid investments while hedging their bets that they were junk and betting those same loans would fail. The big banks had it both ways.

      The banks gave loans to people who clearly could not afford them, or at least would not be able to afford them when balloon payments and rising interests came into play. Is it the fault of the people who just wanted homes; or the fault of the realtors who sold homes they knew people really could not afford; or is it the fault of the banks for stamping "approved" on the loans in the first place? Or is it that each bears some measure of fault?

      • 10 votes
      #2.3 - Wed Nov 9, 2011 1:41 PM EST

      Jody, You are starting to get on track. Everyone involved in a loan is responsible for their portion. I believe the best person to hold responsible for repaying the loan is the person who borrowed the money. I also believe the best party to hold responsible for the potential loss or gain of purchasing that loan rests with the buyer of that loan. Granted when the government agrees to guarantee these loans it's the tax payers left holding the bag. A prime example of good government intentions gone bad are student loans. Would any bank agree to lend an 18-25 year old kid w/o a job $50-100k to get a degree that might produce a job? Obviously not unless of course the government guarantees payment. Now take away the government guarantee and imagine how much college would cost if Jr. could onlyget $10k. What do you think a college would charge to educate him???? Education is artificially inflated just as housing got artificially inflated due to the government involvement...

      • 2 votes
      #2.4 - Wed Nov 9, 2011 3:09 PM EST

      UAW:

      The mortgage brokers knew. They could just look at W-2 forms and other obvious forms. This was obvious fraud GREATLY encouraged by the brokers and the bankers. And when they were bundled together into securities many knowledgeable people knew they were crap. The regulations, lax as they were, were passed by both parties, but everyone knows that no Republican EVER wants more regulation. Fannie and Freddie may have fallen down on the job, but that's like saying that somebody robbed a bank and then getting mad at the FBI because nobody caught the robber.

      And why did it take so long to process the foreclosures? Because half of the signatures on the assignments of the deeds of trust WERE FORGED!!!! (Ridiculously forged) The banks and the mortgage security people were the problem. It is just ridiculous to state that after they violated even the insufficient laws on the books that the government is to blame for not catching the crooks. Don't lie and don't forge and don't make stuff up whole cloth and then say, "Damn Government fell down on the regulation."

      And don't get me started on the derivatives (credit default swaps). Are you going to blame that on the government or are you going to blame the people that gambled with depositors' money?

      • 4 votes
      #2.5 - Wed Nov 9, 2011 4:21 PM EST

      BD, Come on, I didnt say anything about the government falling down on regulation. I said take away the government gaurentee period. Then the banks, the borrowers, the Mortgage buyers are all dealing with thier own money and or responsibilty. They have a better chance of regulating themselves. A bank would be a fool not to loan money to Billy Bad Debt if the government is going to gaurentee Billy's payments when he defaults... We finally have a politician that speaks honestly about that and the liberals demonisze him for not understanding that "It's the banks fault". We need to stop encouraging the "Billy Bad Debts" of the world that thier problems were caused by somebody else....

        #2.6 - Wed Nov 9, 2011 5:03 PM EST

        @UAW,

        Education is artificially inflated just as housing got artificially inflated due to the government involvement...

        Spoken like a true blue tea party guy. Good God you people are ignorant. No wonder we're going to kick you out of government. This patent disdain for education is disgusting, much like people like you.

        • 3 votes
        #2.7 - Wed Nov 9, 2011 5:21 PM EST

        Dennis, Please don't twist my words. I didnt say I had disdain for education. I'm just saying it costs Jr more to go to college because the government guarantees he can borrow more to pay for it. Now we have kids at these OWS sites blaming someone else because they borrowed $50-$100k in debt and no way to pay for it. Quit encouraging that kind of irresponsibility. These kids would be so much better off hopping on a bus and heading to North Dakota and occupy an energy sector job than beating a drum blaming someone else....

        • 2 votes
        #2.8 - Wed Nov 9, 2011 5:59 PM EST

        So, Walsh doesn't want American taxpayers who bailed out banks twice to blame them for their wreckless decisions that caused a Financial Meltdown in 2008? He's got a case. It's impossible to pick up a newspaper these days without a report of another big bank being investigated. Now it's Wells Fargo who has to ante up in the millions for deliberate fraud. Gee, no surprise there. Misrepresenting funds is what Wells Fargo does as well as Goldman Sachs, Citibank or Morgan Stanley. And, it's so easy too...fill out some paperwork..oh wait...that's right...that's the big bitch from banks about the 2009 Financial Reform they despise..."too much paperwork". Bet they didn't mind the glut of paperwork for TARP and ARRA right?

        The Justice Department needs to stop treating white collar crime in a different light than blue collar crime. Crime is crime no matter what collar the thieves' collars may be.

          #2.10 - Thu Nov 10, 2011 9:22 AM EST
          Reply

          OK, Joe Walsh. Got it.

          You don't want to hear peple say blame the blanks.

          Alright. Let's change the subject.

          WHEN THE HELL ARE YOU GOING TO PAY YOUR CHILD SUPPORT!?!?!?!?

          • 27 votes
          Reply#3 - Wed Nov 9, 2011 12:00 PM EST
          Comment author avatarLarry, Minot N.DExpand Comment Comment collapsed by the community

          Not really any of your business is it?

          When is Turbo Tax Timmy Geitner going to pay his unpaid taxes? What about "I served in Vietnam" John Kerry? Or Charlie Rangel?

          Oh.... thats right.... only when a conservative does something are we allowed to talk about it....

          Anthony Wiener sexting..... let it go...... Herman Cain ACCUSED of whatever it is he is accused of???? Shoot him.

          Right libs.... isnt that how it works?

          You are pathetic

          • 2 votes
          #3.1 - Wed Nov 9, 2011 12:06 PM EST

          Larry - Actually most liberals are gleefully supporting Herman Cain.

          And yes, it is our business when politicians insist the government behave in a manner that is the opposite of the politicians personal behavior.

          • 18 votes
          #3.2 - Wed Nov 9, 2011 12:18 PM EST

          Which of course is larry's point, right nisl?

          Geitner and Rangle demand you pay your taxes, but they cheat on theirs.

          But then again, all politicians suck.

          • 3 votes
          #3.3 - Wed Nov 9, 2011 12:25 PM EST

          The GOP/TP states that they are going to be the party that is about "Morals and strong family values" WHILE they have personnel within their ranks that have constantly failed to meet the mark, AND YOU WANT TO BITCH AT ME FOR EXCORIATING THEM FOR IT?

          Your response is LAUGHABLE, Larry.

          • 13 votes
          #3.4 - Wed Nov 9, 2011 12:44 PM EST

          Larry, it is the business of the people who elected Joe Walsh and everyone else who expects their legislators to behave responsibly. A man who has so little regard for his own children and to whom he owes $117,000 in child support is a man who cannot be trusted to make wise choices regarding the Nation's finances. Instead of sending money to his children, he took his girlfriend on an expensive vacation. How can his constituents trust him to make sound decisions.

          • 7 votes
          #3.5 - Wed Nov 9, 2011 1:46 PM EST

          We've elected a lot of these kinds of people over the years because we wanted someone else to do our work without careing for what they stood for as long as they told us what we wanted to hear. Ill has Joe. Minn has Michelle.

          • 3 votes
          #3.6 - Wed Nov 9, 2011 2:02 PM EST

          Vote the idiot out, you get what you vote for...

          • 1 vote
          #3.8 - Wed Nov 9, 2011 9:06 PM EST
          Reply

          The Banks paid back TARP with TARP, they were alowed to pay back $1 for every $2 they were given interest free.

          • 13 votes
          Reply#4 - Wed Nov 9, 2011 12:01 PM EST

          We the people, with our tax money, bail out the banks and brokerages so they would have stability and be able to loan funds to small businesses to jump start the economy by hiring people. And what have they done? Tried to add fees for holding YOUR Money that they loan out at 17.99%-30% while they are able to go to the Fed and get money at a few % so the bonuses are HUGE.

          Does anyone know the name of the young woman and the site she used to stop the banks from going forward with these fees? She couldn't afford the fees holding down 2 Jobs.

          • 4 votes
          #4.1 - Wed Nov 9, 2011 1:48 PM EST
          Reply

          Deadbeat daddy Walsh unleashing his frustrations on anything that moves

          Next thing we'll be seeing is Walsh on a street corner shouting at cars

          • 16 votes
          Reply#5 - Wed Nov 9, 2011 12:10 PM EST

          Or raising his fists and shaking them at clouds!

          • 10 votes
          #5.1 - Wed Nov 9, 2011 12:44 PM EST
          Reply

          Wow, he is done. That was to people that support him!!

          2012 Ad: Elect Joe Walsh, he will talk face to face with his constituents - roll clip - Unelectable.

          • 12 votes
          Reply#6 - Wed Nov 9, 2011 12:12 PM EST

          I don't know much about Joe Walsh. But he's 100% right. Too many people in this country won't accept responsiblity for where they are and what they have.

          Most troubling is that now we have a President that actually goes out there on the airwaves, points fingers and blames banks, wallstreet, republicans, bush, europe, inclement weather, big oil, corporate loopholes, and the top 1%.

          Our biggest problem is the enabler in chief! Obama has to go.

          The progressive movement is poison plain and simple. This government needs to cut spending drastically before the left has a chance to turn us into another greece!

          • 1 vote
          Reply#7 - Wed Nov 9, 2011 12:14 PM EST

          No one is blaming the 1%. We are asking the 1% to invest in their own country. A big difference. Here is hoping there are still republicans that are smart enough to know the difference.

          Obama/Biden 2012

          • 20 votes
          #7.1 - Wed Nov 9, 2011 12:20 PM EST

          Yeah we've heard all the bull&%*t before....

          Dems saying 1$ of tax cuts and we'll give $2 or $3 in spending cuts and guess what? The taxes go up and the spending cuts disappear.

          That game is over - NO TAX CUTS NADA NO MORE!

          • 2 votes
          #7.2 - Wed Nov 9, 2011 1:28 PM EST

          "we have a President that actually goes out there on the airwaves, points fingers and blames banks, wallstreet, republicans, bush, europe, inclement weather, big oil, corporate loopholes, and the top 1%."

          ==========================================================

          Every one of the things you mentioned have been detrimental to the well being of this country and it's population over the past 20 years. There are some people that never have and never will take responsibility for their economic circumstances, they are lazy deadbeats, and there has always been and will always be people who scam the system, that percentage has remained pretty consistent. Today’s economy has ruined millions of hard working, good people who are responsible citizens, and all the things you mentioned in your statement ARE to blame, why is it you good Republican types insist on lumping anyone who isn't wealthy into the "lazy", "irresponsible" bin? Does it somehow validate that you feel you have earned your wealth, or is it to cover up the fact that most of you wealthy bastards were either born rich or were morally baron enough to steal your wealth from someone less fortunate, because you and I know wealth can no longer obtained by "hard work".

          • 4 votes
          #7.3 - Wed Nov 9, 2011 2:45 PM EST

          "Too many people in this country won't accept responsiblity for where they are and what they have."
          and
          "Our biggest problem is the enabler in chief! Obama has to go."

          Sounds like Rob is refusing to accept responsibility and is blaming Obama for everything.
          Why am I not surprised?

          • 2 votes
          #7.5 - Wed Nov 9, 2011 10:03 PM EST
          Reply

          Good thing I wasn't there,I would have hit him over the head with a beer bottle!!

          • 11 votes
          Reply#8 - Wed Nov 9, 2011 12:16 PM EST

          No kidding I think he was campaigning for a punch in the mouth.

          • 5 votes
          #8.1 - Wed Nov 9, 2011 1:37 PM EST
          Reply

          Bar Owner Complains : These GOP politicians are ruining my business!

          Rep. Joe Walsh (R-IL) told bar patrons on a campaign stop. "Be quiet or you're going to have to leave!"

          Rebbecca Howe, owner of the "Walk Back Tavern" told reporters,

          It's hard enough for a small businesswoman to make a living nowadays, without jerks like that coming in here and scaring away all the customers. We're still trying to beef up our before lunch business by inviting the Tea Party activists for what we call "breakfast shots and chasers". I don't need this from my Congressman."

          Walsh, reached for comment, apologized.

          "I really wasn't really interested in what any of the patrons had to say, anyway. I just ducked in there to avoid Child Protective Services employees, who have been tailing me all year."

          • 15 votes
          Reply#9 - Wed Nov 9, 2011 12:24 PM EST

          MkeMike. I didn't think the bar keeper looked happy with Walsh. Seriously, did Walsh really say that about ducking Child Services? I know it's in quotes but can't believe he'd actually say that--then again, he is that stupid.

          • 9 votes
          #9.1 - Wed Nov 9, 2011 12:48 PM EST

          Jody,

          It's a joke. Rebecca Howe was the manager of "Cheers" on TV. If I post something with actual quotes or truthful information, I always give the link to the source. Otherwise, I'm having fun.

          Message to the GOP: We're not laughing with you. We're laughing AT you.

          • 14 votes
          #9.2 - Wed Nov 9, 2011 1:10 PM EST

          Way to go MkeMike, way to go!

          I always said low information people vote for the GOP.

          • 4 votes
          #9.3 - Wed Nov 9, 2011 3:20 PM EST
          Reply

          Geeesh....what ah FREAK! He was nearly foaming at the mouth! Lay off the redbull Mr. Walsh.

          • 11 votes
          Reply#10 - Wed Nov 9, 2011 12:24 PM EST

          who are you people? the banks made "credit default swaps" so they could hide bad loans, pension funds and other investors bought these"secure" investments and the banks bought into hedge funds bettinng the credit default swaps would fail and profit from the failure. The banks were gambling and profiting from this scam,the scasm was uncovered, Then the government bailed them out with tax payers money and we're not suppose to complain about this. What reason does Walsh give as the reason we are in this debt mess. 3 unfunded wars?

          • 10 votes
          Reply#11 - Wed Nov 9, 2011 12:25 PM EST

          If that is how Walsh treats his constituents who support him, I can only imagine how he must treat those who do not support him! This jerk is toast!

          "We have met the enemy and he is us!" Pogo by Walt Kelly

          • 17 votes
          Reply#12 - Wed Nov 9, 2011 12:26 PM EST

          His raging anger makes me wonder how he treated his ex-wife and children, not to mention his latest sweetie.

          • 14 votes
          #12.1 - Wed Nov 9, 2011 12:53 PM EST

          Actually, according to his office, he doesn't represent everyone. Can't enter the link, but check out 'The Political Carnival' site, a posting on Sept 7, 2011 re a phone conversation with his office.

          A statement made by one of his office people:

          "Mr. Walsh does NOT represent the nation as a whole in congress, nor does he represent all of his constituents, he only represents the Tea Party, its members and its core principles."

          Check it out.

          • 7 votes
          #12.2 - Wed Nov 9, 2011 1:39 PM EST
          Reply

          Of course he's tired of hearing about it,the Republicans STARTED this mess with Bush!!!!

          • 12 votes
          Reply#13 - Wed Nov 9, 2011 12:26 PM EST

          Amen to that! I used to tell people just after George Bush got elected the first time that "It will take 20 years to repair the damage this guy is doing". That was BEFORE he got reelected - unbelievable.

          Anyway, when I originally said it, I felt perhaps I may have embellished it a few years with the 20 years thing.

          Now, it appears I may have been correct after all. It looks like with Iraq and Afghanistan and the global financial meltdown we've suffered in America, we MAY be able to correct all the Bush era disasters* BUT ONLY IF we beat back the ignorant and under-informed among us which means 98% of the GOP and all the Tea Baggers need to be removed from our political arena in the 2012 elections.

          Otherwise, we go back to the 1960's and we're all screwed.

          *Think Katrina, Iraq war w/5000 dead troops, torture, financial De-Regulation, housing push to feed lenders and Wall St, big oil, war profiteering, and our global image tarnished badly. Bush and Cheney need to be arrested and tried on war crimes charges.

            #13.1 - Thu Nov 10, 2011 10:51 AM EST
            Reply

            Ah, the GOP must be sooooo proud to have this guy.

            Oh, and Larry??  If you're going to throw out accusations, it would be nice if you checked them out first.  "When is Turbo Tax Timmy Geitner going to pay his unpaid taxes? What about "I served in Vietnam" John Kerry? Or Charlie Rangel?"...Uh..."Geithner subsequently paid the IRS the additional taxes owed,[31] and was charged $15,000 interest"  Kerry and Rangel are also paid up.  Get your head out of fox's butt.

            It is our business when a US congressman constantly yells at the president for bankruting our children because of enourmous debt--but doesn't follow through with his own responsibilities.  This guy should just pay up, and shut up.

            • 15 votes
            Reply#14 - Wed Nov 9, 2011 12:27 PM EST

            Oh did itty bitty boy throw a temper tantrum? Oh to bad little boy. Bush and Co. removed the check and balances on the banks. Poor itty bitty man.

            • 13 votes
            Reply#15 - Wed Nov 9, 2011 12:27 PM EST

            Anyone who saw the “60 Minutes” piece on Jack Abramoff, the convicted lobbyist, has to understand and have contempt for the problems in our political system, if they don’t, then they really are part of the problem. Abramoff described how he bought and owned not only politicians but their whole offices (he estimated 100) and how when these individuals left government, they would seek to join the lobbyists and use their contacts and knowledge to further the corruption, for very substantial personal gain of course. No political party is pure as the whole system is the problem and until we get money out of politics, it will continue to be a constant “open pit” for abuse by the powerful, influential and very wealthy few, with their complete disregard for anything other than their personal interests. The other problem is that the very people we need to change the system are the people who personally benefit from the corruption.

            The Republican Party, with their ideology being close to that of “the money”, are more susceptible and receptive (Jack Abramoff indicated they were his concentration) and just offer the lobbyists better opportunity. The cost of running for political office today is excessive and, as we have seen, those with the substantial financial backing, not to mention the overt and covert efforts of the influential and powerful, have significant advantage - regrettably, without any regard for real qualifications or quality. As Abramoff stated, it is the way Washington works today and the politicians and lobbyists are so completely into it, they don’t even consider it wrong, they just go about their day with the lobbyists focused on getting their clients’ interests served and the politicians concentrating on getting elected - with neither having any real concern for the people, other than to insultingly take them for granted as they con and manipulate them. That simply is their every day way of life. Since 2000 this has been especially evident and very costly to the majority and to the country.

            We saw Bush-Cheney totally focus on benefit for “the few” (1%), who strongly supported and directed them, while the majority (99%) was given only apathy, the costs and deceptive rhetoric to rationalize and deceive. The Republican Party since has concentrated only on faulting and blocking all efforts to address the problems, putting their political ambitions above all else, without any regard for the costs to or suffering of the people. We see the efforts of Grover Norquist (of “anti-tax pledge” fame), Dick Cheney, Karl Rove, SuperPacs and others who collect large contributions from “the few” to first, intimidate and coerce Republican candidates to squelch individual consciences and have total unity behind “the few’s” interests and second, to support efforts to con the people and manipulate public opinion. We have seen the aggressive manipulation of the Evangelistic Christian, the Swift-boat propaganda and the Tea Party movement, all well designed, well directed and well funded efforts to deceptively sway public opinion in the same single direction. We see the candidates they offer who present a willing “puppet” performance to do however their “strings are pulled” (GWBush, Palin, O’Donnell, Bachmann, Perry, Cain, Cantor,,). This intent being obvious from statements like Norquist’s, who said “the next Republican president’s qualifications don’t matter as all they have to do is sign the bills sent them by Boehner and McConnell”. Their tax proposals clearly identify their limited loyalty as they concentrate on protecting and furthering tax cuts for “the few” (1%) and to make it up on the majority (99%), while rationalizing it to the people. These things are not trivial! They represent substantial costs for the majority, in what has already occurred and in the resulting real continuation of moving this country ever closer to being a two-class society with “the few” competing in having it all and the majority, including the total middle class, struggling to survive. To not see that, to deny it or to ignore it is to accept it.

            If we want the Grande Ole Party back, where they once again are responsible in honestly representing the people, then we have to totally and firmly reject what they have become. If the voters fail to see and understand that, if they are conned by emotions, fears and/or loyalties, or even manipulated by the issues, then we are very apt to be returned to “more of the same”, Bush-Cheney style, and the catastrophe for the majority will continue.

            • 19 votes
            Reply#16 - Wed Nov 9, 2011 12:35 PM EST

            RIP Republicans 6 feet under is a good number!!

            • 4 votes
            Reply#17 - Wed Nov 9, 2011 12:38 PM EST

            When a person asks for a loan, it is up to the lender to review the prospective borrower's financial status and to either make or reject the loan based on sound financial data.

            The prospective borrower did not "force" the lending institutions to make "bad" loans, nor should there ever have been another bailout.

            The S & L bailout gave the banks reason to depend upon another one should their greed overpower common sense.

            This is just a "repeat" of recent history .... just on a larger scale, and includes a lot of the same people who got by with the first time with a few new additions like Walsh trying to deflect the blame from the people who are really responsible and benefiting from the corruption of the financial policies of our reps who enacted legislation to make this somehow sound "legal".

            http://www.fdic.gov/bank/historical/s&l/

            December, 1982--Garn - St Germain Depository Institutions Act of 1982 enacted. This Reagan Administration initiative is designed to complete the process of giving expanded powers to federally chartered S&Ls and enables them to diversify their activities with the view of increasing profits. Major provisions include: elimination of deposit interest rate ceilings; elimination of the previous statutory limit on loan to value ratio; and expansion of the asset powers of federal S&Ls by permitting up to 40% of assets in commercial mortgages, up to 30% of assets in consumer loans, up to 10% of assets in commercial loans, and up to 10% of assets in commercial leases.

            December, 1982--In response to the massive defections of state chartered S&Ls to the federal system, Nolan Bill passes in California. Allows California-chartered S&Ls to invest 100% of deposits in any kind of venture. Similar plans adopted in Texas and Florida

            March, 1984--Failure of Empire Savings of Mesquite, TX. "Land flips" and other criminal activitiesare a pattern at Empire. This failure would eventually cost the taxpayers approximately $300 million.

            May, 1985--S&L failures in Maryland eventually cause loss to state deposit insurance fund and Maryland taxpayers of $185 million. Ohio and Maryland S&L failures helped kill state deposit insurance funds.

            1986-1989 Compounding of losses as insolvent institutions are allowed to remain open and grow, allowing ever increasing losses to accumulate.

            1987--Losses at Texas S&Ls comprise more than one-half of all S&L losses nationwide, and of the 20 largest losses, 14 are in Texas.

            February, 1988--Bank Board introduces the "Southwest Plan" to consolidate and package insolvent Texas S&Ls and sell them to the highest bidder. The strategy is to resolve insolvencies quickly while conserving scarce cash for FSLIC. The Bank Board uses a number of strategies to pay for the difference between assets and liabilities of the failed institutions: FSLIC notes, tax incentives, and income, capital value and yield guarantees. The Bank Board disposes of 205 S&Ls through the Southwest Plan with assets of $101 billion.

            November, 1988--George Bush elected President. S&L problem not part of election debate.

            1989--President Bush unveils S&L bailout plan in February. In August, Financial Institutions Reform Recovery and Enforcement Act (FIRREA). FIRREA abolishes the Federal Home Loan Bank Board and FSLIC, switches S&L regulation to newly created Office of Thrift Supervision. Deposit insurance function shifted to the FDIC. A new entity, the Resolution Trust Corporation is created to resolve the insolvent S&Ls.

            Other major provisions of FIRREA include: $50 billion of new borrowing authority, with most financed from general revenues and the industry; meaningful net worth requirements and regulation by the OTS and FDIC; allocation funds to the Justice Department to help finance prosecution of S&L crimes. Additional bank crime legislation the next year (i.e., the Crime Control Act of 1990) mandates a study by the National Commission on Financial Institution Reform, Recovery and Enforcement to uncover the causes of the S&L crisis, and come up with recommendations to prevent future debacles.

            • 5 votes
            Reply#18 - Wed Nov 9, 2011 12:40 PM EST

            Dead beat AND delusional ...

            • 4 votes
            Reply#19 - Wed Nov 9, 2011 12:46 PM EST

            Obviously Joe Walsh is auditioning for a spot on Morning Joe...

            • 3 votes
            Reply#20 - Wed Nov 9, 2011 12:49 PM EST

            Blame the ex-wife! I'm sure Walsh does.

            • 3 votes
            Reply#21 - Wed Nov 9, 2011 12:54 PM EST

            Or Jerry Springer ... is that show still around?

            • 2 votes
            Reply#22 - Wed Nov 9, 2011 12:54 PM EST

            The government is responsible for flooding the country with mortgages they knew would probably fail with one hand while the other hand was bundling the suspect mortgages in to REITs and selling them at huge profits to pension funds here and all over the world??? All the while having their asses covered by Fannie, Freddie, and the PMI folks???

            Then, THEN when crunch time came they screamed "We're Too Big To Fail!!! WAAAAAAAAAA"

            Joe. You are a first class loser. You should start looking for a book deal or a lobbyist position now.

            • 4 votes
            Reply#23 - Wed Nov 9, 2011 12:55 PM EST

            Get you unstuck from your ...Yeah, they paid back the tarp money with interest, and they used the additional money they begged from the federal government to pay it back!  You remember, the additional money the government loaned them to make sure that the banking industry wouldn't be able to say that they couldn't afford to make new loans to small businesses and/or the middle class?  Now, we hear that BOA has been allowed to shift most of their toxic crapola called credit swaps (the reason for the financial crisis in the first place, risky bets by those that should have known better but were too greedy to stop) into their normal banking division, so that when those beauties blow up in people's faces they will be covered in full by the FDIC (so that you and I will pay up all over again, instead of them!).  P.S. - Are you a banker or wall streeter, by any chance?  Get a clue...

            • 1 vote
            Reply#24 - Wed Nov 9, 2011 12:56 PM EST

            Wow.  Its always great to see the reaction when these clowns are out of the Fox "News" (ALWAYS put that in quotation marks) protected talking point bubble.

            • 7 votes
            Reply#25 - Wed Nov 9, 2011 12:57 PM EST

            It's funny isn't it? The only reason he's mad is because people are actually asking him questions that he hasn't pre-approved and memorized talking point answers to.

            • 4 votes
            #25.1 - Wed Nov 9, 2011 1:32 PM EST

            you're not suppose to talk to him...oh that was herman cain....sorry

            • 1 vote
            #25.2 - Wed Nov 9, 2011 6:18 PM EST
            Reply
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