Obama and the Mortgage Crisis Redux

[bunnywailer]

Here ya go. Chew on this one. Can't wait to hear the responses.

www.blufftontoday.com/node/24895


And no, this is not some right-wing nutjob, neo-con, Christian Coalition article.

[chipNdink]

Stop believing and quoting from sources who don't know what they're talking about. For example, your source claims: "Alan Greenspan warned them four years ago."
But here is what Greenspan TESTIFIED UNDER OATH:
The current global financial crisis is a "once-in-a-century credit tsunami" that policymakers did not anticipate, former Federal Reserve Chairman Alan Greenspan told Congress on Thursday.

www.npr.org/templates/story/story.php?storyId=96023610&ft=1&f=1001

Again, you are believing in spin, hearsay, and opinion, while I am giving you facts.

[bunnywailer]

Nov 1, 2008 19:32:29 GMT -5 chipNdink said:

Stop believing and quoting from sources who don't know what they're talking about. For example, your source claims: "Alan Greenspan warned them four years ago."
But here is what Greenspan TESTIFIED UNDER OATH:
The current global financial crisis is a "once-in-a-century credit tsunami" that policymakers did not anticipate, former Federal Reserve Chairman Alan Greenspan told Congress on Thursday.

www.npr.org/templates/story/story.php?storyId=96023610&ft=1&f=1001

Again, you are believing in spin, hearsay, and opinion, while I am giving you facts.

Dude, you are really making this waaaay, waaaay, WAAAAAY too easy.

www.federalreserve.gov/boarddocs/testimony/2005/20050406/default.htm



You lose, again. That makes you 0-2.

[bunnywailer]

Oh yeah, and stay on point, too dammit. While the financial crisis and the collapse of the mortgage lending market are related, they are two separate and distinct topics. You quoted Greenspan's testimony on the overall financial crisis from earlier this week as evidence to refute the point of the article that I posted, when, in fact it is not related at all.

On the other hand, I gave you the link to Greenspan's EXACT testimony (transcribed) from 2005 that the article I posted is making a direct reference to.

Once again, please stay on point. Keep this up and I'm gonna run my head-to-head record against you to something atrocious like 27-0 by Election Day on Tuesday.

[chipNdink]

Nov 1, 2008 20:04:50 GMT -5 @bunnywailer said:

Oh yeah, and stay on point, too dammit. While the financial crisis and the collapse of the mortgage lending market are related, they are two separate and distinct topics. You quoted Greenspan's testimony on the overall financial crisis from earlier this week as evidence to refute the point of the article that I posted, when, in fact it is not related at all.

On the other hand, I gave you the link to Greenspan's EXACT testimony (transcribed) from 2005 that the article I posted is making a direct reference to.
....

Quoting from that very testimony: "Left unresolved, such uncertainties could threaten the stability of financial markets."

There's your direct link from the horse's mouth. So Greenspan's testimony under oath in 2008 is contradicted by his testimony back in 2005. Thanks for proving that Greenspan is lying now, and knew and should've been doing something to prevent all this back in 2005.