Alan Grayson
- Thread starter danmand
- Start date
For a well educated man, he is sorely lacking common sense and it would seem moral scruples, and it cost him his seat in Congress as a one term wonder.
He's not done.....He's REALLY not done.His loss was a Tea Party loss last time.I think they are going to be much too busy with the Unions this time around to bother targeting people.That other guy next to Bill Maher has been on there before.He seems intelligent ,but he's an unfunny dick who always seem drunk..incoherently so....
So wait, is he saying he want's to be the GOP National Chair....
Grayson has done a good job of demonstrating what an ass he is, this has to be one of the few stages that will still have him.
OTB
Grayson has done a good job of demonstrating what an ass he is, this has to be one of the few stages that will still have him.
OTB
The man spoke absolute undeniable truth from beginning to end, how is that 'lacking in common sense'?
I've never heard of the guy.
But I watched that clip and I can't see where he is wrong. (Other than the bad hair dye job.) I don't see any lack of principles on his part in holding people to account for their actions. You stick up a bank and steal 10,000 dollars - you go to jail. You steal 10 trillion - I think you should go to jail just the same.
No-one has ever been held to account for the financial meltdown in 2008. I realize you can't blame just one guy, however, I would say that it warrants an investigation as to exactly how the entire melt down occured and regulations should be put into place to prevent it from happening again.
It may be simplistic on my part, however, I was taught that one of the big reasons leading up to the crash of 29 was the ability to buy stocks purely on credit. (No money required.) This resulted in everyone and his brother buying stocks and driving their values up through the stratosphere without the assets to back them up. (Sound familiair). The result was that when the market crested and the banks started asking for money, and there was no money, the market crashed and didn't recover for 24 years. But out of the crash of 29 came some rules about buying on the margin in order to prevent a reoccurance. Rules that are still in place today.
Then along comes real estate in the USA in the 90's and into the first decade of this century. You had the banks giving out massive mortgages to people who had no right to have a mortgage because they simply didn't make enough money. $500,000.00 mortgages for 100 years to people making 8 bucks an hour doesn't make much sense. But the banksters found a way to do it. They made a shit load of money, banked it in the Caymen Islands and left the American taxpayers holding the bag. It is criminal and it is worthy of investigation and yes prosecution.
The problem is is that the rules on mortgage ownership in the US have not been reformed and regulations have not been put in place to prevent the entire thing from happening again. The structural issues with the banking system that existed prior to 2007 / 2008 are still very much the same.
It would seem to me that the over use of credit has demonstrated time and time again (Europe anyone) of how dangerous being over leveraged can be to our entire economic system. They had the balls in the 30's to enact legislation to prevent a re-occurance of the stock fraud that led to the crash of 29, however, the American government seems to lack the same intelligence in 2011 as it had in 29.
But I watched that clip and I can't see where he is wrong. (Other than the bad hair dye job.) I don't see any lack of principles on his part in holding people to account for their actions. You stick up a bank and steal 10,000 dollars - you go to jail. You steal 10 trillion - I think you should go to jail just the same.
No-one has ever been held to account for the financial meltdown in 2008. I realize you can't blame just one guy, however, I would say that it warrants an investigation as to exactly how the entire melt down occured and regulations should be put into place to prevent it from happening again.
It may be simplistic on my part, however, I was taught that one of the big reasons leading up to the crash of 29 was the ability to buy stocks purely on credit. (No money required.) This resulted in everyone and his brother buying stocks and driving their values up through the stratosphere without the assets to back them up. (Sound familiair). The result was that when the market crested and the banks started asking for money, and there was no money, the market crashed and didn't recover for 24 years. But out of the crash of 29 came some rules about buying on the margin in order to prevent a reoccurance. Rules that are still in place today.
Then along comes real estate in the USA in the 90's and into the first decade of this century. You had the banks giving out massive mortgages to people who had no right to have a mortgage because they simply didn't make enough money. $500,000.00 mortgages for 100 years to people making 8 bucks an hour doesn't make much sense. But the banksters found a way to do it. They made a shit load of money, banked it in the Caymen Islands and left the American taxpayers holding the bag. It is criminal and it is worthy of investigation and yes prosecution.
The problem is is that the rules on mortgage ownership in the US have not been reformed and regulations have not been put in place to prevent the entire thing from happening again. The structural issues with the banking system that existed prior to 2007 / 2008 are still very much the same.
It would seem to me that the over use of credit has demonstrated time and time again (Europe anyone) of how dangerous being over leveraged can be to our entire economic system. They had the balls in the 30's to enact legislation to prevent a re-occurance of the stock fraud that led to the crash of 29, however, the American government seems to lack the same intelligence in 2011 as it had in 29.
