Blogger Michael

This week's hot topic hoedown included Fannie Mae/Freddie Mac foreclosure crisis; Iran and Israel and whether the former might bomb the latter, and how the latter will deal (this vis a vis the Iranian-doctored nuclear test photo; and Israel's policies moving forward...


Robert Scheer was a firestorm of activity, even more rapid-fire than usual.

On Fannie/Freddie:

"Deregulation didn't work."   and
"It seems to me that the door is open to a depraved socialism because of the [FM/FM] bail-out."
and the kicker, speaking of the recent Barack Obama issue:  "We're going to need a faith-based alternative for bankers."

On Iran and Israel:
"If Israel attacks Iran, it's a recipe for disaster.  [Ultimately] it's all in the area of bluster- it's the mouse that roared."
And Bob hypothesized that there will be a "grand negotiation in the works for the next 6 months or so."

"What did Bush mean when he said, 'Bomb, bomb, bomb, bomb, bomb Iran?'" (to the tune of the Beach Boys' Barbara Ann of course)

And, as to Israel's proliferation of missiles, he asked:  Why would we give Israel a blank check?

And then we got Bob's skewering of former Senator Phil Gramm:

Speaking of the sketchy road banks took:  "Phil Gramm led the whole battle.  [He left the hill] and became the chair of UBS- the big bank.  Calling us a 'nation of whiners'- foreclosures is not whining!" and:  "The housing crunch is taking away people's savings- their net worth - they're going into debt...deeply."

and still more:

"The airlines wanted regulation for energy.  It was deregulated by the Republicans.  Phil Gramm's wife Wendy was on the board of Enron [etc.]...
UBS gobbled up Paine Webber, and Gramm became bank chairman [blogger note: technically 'vice chairman'].  He became a lobbyist.  This was a leading Republican figure!
The Democrats should wrap [this] around their neck!!"

Take that!!!



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Left, Right and Center
[this is good]
Wow, Michael, very impressive, thanks!

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