The American Spectator

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Opportunity Knocks

10.2.08 @ 12:01AM

(Page 3 of 7)

Can somebody please tell me what Sarah Palin's expertise on energy policy is? Is it because she lives close to a lot of oil? From what I can see, she is an expert on nothing. I cannot wait to hear how much she knows about so many things tomorrow.

I traded bonds for 27 years. The last 5 was the debt of Fannie and Freddie. They could and should have been better supervised, but if the story you want to tell is that they were the source of the problem then you are demagogues as much as these presidential politicians are. Get to the whole story, not just your side of it. WAMU, Wachovia, Bear, Lehman, AIG....none of that would have happened if Fannie and Freddie had been
regulated more effectively. Who are you kidding?

Rick Davis wanted them to be more stringently regulated, huh!
-- Alan Abramson

"Ferrara formerly served in President Reagan's White Office of Policy Development, and as Associate Deputy Attorney General of the United States under the first President Bush."

Interesting that Ferrara offered failed to offer insight to the multi-billion-dollar banking collapses that occurred during those years. You may recall Neil Bush and Silverado Bank. McCain one of the Keating 5 and Lincoln Savings.

This year McCain's son's bank Silver State Bank failed.

He also failed the mention the accounting fraud charges against Freddie Mac executives.

He also failed to mention that Rick Davis, McCain's campaign manager, received 2 million lobbying for Freddie Mac against regulations, before joining becoming McCain's campaign manager.

His firm referred an additional $15,000 a month until the Feds took over Freddie Mac in August.

Ferrara also failed to mention Daniel Mudd who became head of Fannie Mae in 2005 and greatly increased Fannie Mae's involvement in subprime loans.

Barack Obama's 2006 Stop Fraud Act may have prevented sub prime lending crisis.

The lesson in this one single bill is that in the housing sector, Senator Obama is seems more aware of the issues that affect home owners in this cycle of the market. He was looking to tighten the regulations, while Senator Clinton was seeking to loosen the regulations.

There is plenty of blame to go around, but what's needed to stop Bush's $700 billion bailout is bipartisan opposition, from the voting public.
-- Charles Bee

I still have not figured out what happened to allow the credit rating agencies to continue to rate Freddie and Fannie at AAA even though there were problems well known to the Congress. I also can not figure out how anything can be considered to be fixed without changing the rules to qualify for loans. I have heard that Fannie Mae and Freddie Mac still have rules that are not greatly changed. If I don't get some kind of signal that the problems are fixed, then instead of being a bail out, this is just a continuing resolution that will happen again in the future.
-- Danny L. Newton
Cookeville, Tennessee

I am endlessly amused by conservatives who keep wishing that McLame were conservative. How long is it going to take (forever?) for you folks to come to grips with the fact that McLame is not now a conservative, he never has been a conservative and he is never going to be a conservative.

Letter to the Editor

topics:
Trade, John McCain, Barack Obama, Sarah Palin, Bill Clinton, Business, Environment, Constitution, Law, Military, NATO, Conservatism, Energy, Oil