Truly Savage Rant about Lehman Brothers Crash
I can't remember the exact words Michael Savage said, but basically he said:
"You're addicted to porn, or sports ... and you're stupefied by all the celebrity sluts ... you're a slave ... you smoke your pot and then you don't know what is happening ... why aren't you marching on Washington? Why is no one calling for an investigation into this? It's Black Monday ... 9/11 happened when Bush first came in ... and now, we're having a financial 9/11 as he leaves, on 9/15 ... the title of today's show is 'From 9/11 to 9/15: Whodunnit?' Imagine you were reading a novel ... they write these books, years after the fact, about how Rockefeller or J.P. Morgan did this or that, and the economy crashed. And now? NOBODY'S questioning this? This was done by, what, NOBODY?
"I watched CNBC for hours today. They do a great job there. One thing was missing -- they didn't call for an investigation ... Jim Cramer almost did it once ... I like Cramer ... but they know that if they call for an investigation, they lose their access to information.
"Four years ago, people were walking away in handcuffs b/c of Enron ... that's nothing compared to this. I hope the FBI is investigating....
"Normally when there's a plane crash, the first question is who did it? Was it pilot error? Well, who is the pilot here?
"I'm not saying he's guilty, but Henry Paulson, former head of Goldman Sachs ... and Goldman Sachs is the last bank standing. There were five investment banks, and now there are two. I'm not saying it's his fault, but he should resign for the APPEARANCE of impropriety."
Labels: banks, michael savage, rant, truth, whodunnit
posted by Skew | Monday, September 15, 2008
8 Comments:
Great stuff
Washington Mutual is next...
All according to PLAN.
Whites will be U.S. minority group by 2042, Census predicts
By KAT GLASS
McClatchy Newspapers
August 14, 2008
Detroit Free Press
..."It's a different kind of student body than we've known during the '50s and '60s and '70s, when a lot of our education policies were shaped," said William Frey, a demographer at the Brookings Institution, a Washington research center.
"If we don't invest in educating and training African-American kids, immigrants and Latino kids, we won't have a middle class," said Mark Sawyer, the director of the Center for the Study of Race, Ethnicity and Politics at the University of California at Los Angeles. "We'll have a very, very poor disposable class that's largely black or brown"...
Why do we have a culture? ... The reason is that we need our past. All cultures worship at the shrine of their ancestors. They exist to ward off the presentiment of death. ... Unlike animals, human beings require more than progeny: they require progeny who remember them. ... Culture is the stuff out of which we weave the illusion of immortality.
A day after trying to explain his way out of his suggestion that the American economy is "strong," McCain still lacked a serious, persuasive response to the week's financial upheaval. The candidate started the day with a feint toward policy talk, suggesting that a 9/11-style commission should examine the causes of the teetering market. Any substance behind that suggestion, though, got drowned out by a series of unhelpful comments made by advisors Douglas Holtz-Eakin, who implied that McCain helped invent the BlackBerry, and Carly Fiorina, who told MSNBC that Sarah Palin wouldn't be qualified to run Hewlett-Packard.
McCain seized on a more aggressive message toward the end of the day, attacking Obama for attending fundraisers in Hollywood tonight and vigorously condemning the behavior of Wall Street executives. But while these comments might attract some attention, they don't do much to present McCain as the candidate who can actually fix the economy.
Obama, on the other hand, seemed energized by the continued focus on the economy, keeping up the heat on McCain for his comments yesterday and beginning to outline his own campaign's approach to rethinking market regulation. As tracking polls showed McCain's narrow lead eroding, Obama showed no sign of backing off the pugilistic stance he adopted Monday. The Democratic candidate hasn't reversed his opponent's post-convention momentum just yet, but if the McCain team doesn't get its act together soon its polling edge could go the way of Lehman Brothers.
Hey,
I have my own take on this too.
I think this is what happens when wall street investment bankers have too much of a say over what the regulatory economic laws are in the country.
it figures.
these people have "made" millions of dollars from people by promising that they can turn money into more money because the value of everything can continue to grow without limit, and everybody benefits from it.
and now because their advice on how the country should be run has been followed, the entire country is going broke.
the people who have been running the country don't understand that the economy should exist to benefit the individual, and not the other way around.
the mortgage loans were given to poor people to keep housing prices high rather than use government "interference" to ensure living wage jobs in this country, or create affordable housing for the working class.
Of course anything that requires a raise in taxes, or any effort made to regulate businesses are bad for the economy right?
regulations are bad because they cost money to owners and investors who are the "backbone" of this economy.
so lets relax those annoying regulatory restrictions and just give everybody a loan rather than correct the problems.
and then the banks go broke because people cant pay back the loans.
no surprise to the trend forecasters, but a big surprise to the economic "experts".
Hi, I'm Tony Vahl, and I approve of R.A.W.'s comments.
its too bad im not running for anything, I should at least get a call to become one of Obama's speechwriters or something.
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