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POPS25 People to Blame for the Financial Crisis
Rebubbacans and Ayn Rand disciples abound. Kathleen Corbet Corbet ran the largest agency, Standard & Poor's, during much of this decade, though the other two major players, Moody's and Fitch, played by similar rules. By slapping AAA seals of approval on large portions of even the riskiest pools of loans, rating agencies helped lure investors into loading on collateralized debt obligations (CDOs) that are now unsellable. Dick Fuld steered Lehman deep into the business of subprime mortgages Lehman even made its own subprime loans. The firm took all those loans, whipped them into bonds and passed on to investors billions of dollars of what is now toxic debt. Marion and Herb Sandler In the early 1980s, became the first to sell a tricky home loan called the option ARM. And they pushed the mortgage, which offered several ways to back-load your loan and thereby reduce your early payments, over the next two decades. pocketed $2.3 billion when they sold their bank to Wac
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POPSReported Obama-Hamas Contacts Bode Ill Another clash between Obama’s public statements and his team's behind-the-scenes activities. According to Yousuf, Hamas' contact with Obama's advisors was ongoing, adding that he personally had friendly relations with a few of Obama's advisers whom he had met when he lived in the US. "Prime Minister Ismail Haniyeh will draft a congratulatory letter to Obama for his victory in the elections," added Yousef. "The policy Obama will instate in the Middle East will differ from that of his predecessor George W. Bush, although it is clear that the region and the Palestinian issue will not be at the top of his agenda," Yousef told Al-Hayat, "(Obama) will focus more on the economic crisis, Iraq and Afghanistan." © 2008 Al Bawaba (www.albawaba.com)
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POPSWill the "Real" America Please Stand Up. "When we act, we create our own reality," a "senior Bush advisor" (assumed to be Karl Rove) told journalist Ron Suskind in 2002, and this became the administration's version of a game plan. Thus Donald Rumsfeld's conviction -- shared by McCain -- that we would be "greeted as liberators" in Iraq. For GOP leaders, the Iraq that erupted into a violent insurgency just wasn't the "real" Iraq. Our culture was built by immigrants and shaped by wars, social upheavals, economic crises and further rounds of immigration, each time from places that seemed deeply "foreign" to those who had already settled in. Each round of change was painful to those used to the temporary status quo -- but each round of change also gave us a richer, stronger nation. That's the real America: a land of change and perpetual renewal. Let's stand up for it.
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POPSTwo Hispanic Hillary Clinton Supporters Endorse John McCain Secaira, who is of Dominican descent, traveled to eight states to coordinate grassroots efforts for Senator Clinton, has a doctorate of neuropsychology and was trained at New York University. ARLINGTON, VA — Today, McCain-Palin 2008 held a press conference call with Miguel D. Lausell, Senior Political Advisor to Hillary Clinton, and Clinton Delegate-at-Large Luchy Secaira. Both Lausell and Secaira endorsed John McCain for president. On Barack Obama’s recent ad that used out-of-context quotes from Rush Limbaugh to insinuate that John McCain insulted Hispanics: Secaira: “There goes the new politics. I don’t see anything new about put-down politics. And once again, I want to reiterate that the Hispanic community has nothing to fear because they know John McCain. uppitywoman08.wordpress.com
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POPSEither Does Carly Mac's top economic advisor is a failed executive who got fired from HP because she was running the company into the ground.
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POPSJust Thinking Talking Points Memo, as its name implies, brings up a tremendous talking point.
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POPSMcCain: “Oil executives” tell me my energy plan is awesome the full text of the last position is: The latest: During today’s town hall meeting in New Hampshire, McCain says “oil executives” told him we “could see results” from offshore drilling “within a couple of years.” McCain was in New Hampshire this afternoon where he unveiled the latest excuse for coastal drilling. Oil executives tell McCain that “within a couple of years we could be seeing results from it.” There’s no doubt that oil companies will profit handsomely from McCain’s coastal drilling plan. It’s helpful that McCain would relay that to an audience of voters.
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