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Re: Weeeeeeeeeeeeeelllllllllllllllllllllllllllll.................... [bristol2]
by gagrice on Thu Sep 18 06:39:10 PDT 2008
Show me a shred of evidence (independent source) that can show that Congress impacted the mortgage market? Congress had control of F&F most recently under Dodd. Also the person that has received the most money from them the last 20 years. This article also gives credence to the White House trying to get Congress to rein in F&F from 2002 -2007 and before under Clinton. Now Obama is the biggest recipient of money from this failed government entity. Where Was Sen. Dodd? Playing the Blame Game On Fannie and Freddie By Al Hubbard and Noam Neusner Friday, September 12, 2008; Page A15 Taxpayers face a tab of as much as $200 billion for a government takeover of Fannie Mae and Freddie Mac, the formerly semi-autonomous mortgage finance clearinghouses. And Sen. Christopher Dodd, the Democratic chairman of the Senate Banking Committee, has the gall to ask in a Bloomberg Television interview: "I have a lot of questions about where was the administration over the last eight years." We will save the senator some trouble. Here is what we saw firsthand at the White House from late 2002 through 2007: Starting in 2002, White House and Treasury Department economic policy staffers, with support from then-Chief of Staff Andy Card, began to press for meaningful reforms of Fannie, Freddie and other government-sponsored enterprises (GSEs). The crux of their concern was this: Investors believed that the GSEs were government-backed, so shouldn't the GSEs also be subject to meaningful government supervision? This was not the first time a White House had tried to confront this issue. During the Clinton years, Treasury Secretary Larry Summers and Treasury official Gary Gensler both spoke out on the issue of Fannie and Freddie's investment portfolios, which had already begun to resemble hedge funds with risky holdings. Nor were others silent: As chairman of the Federal Reserve, Alan Greenspan regularly warned about the risks posed by Fannie and Freddie's holdings. President Bush was receptive to reform. He withheld nominees for Fannie and Freddie's boards -- a presidential privilege. While it would have been valuable politically to use such positions to reward supporters, the president put good policy above good politics. http://www.washingtonpost.com/wp-dyn/content/article/2008/09/11/AR2008091102841.- html
Re: Sheer Brilliance.... [circlew]
by ponderpoint on Tue May 20 09:50:51 PDT 2008
On the NY/NJ border at every gas station there are gas lines every day. There are more islands to service cars at each one but it looks like the Mexican border except with cars! Of course there is!!!! Just like outside the rent-a-car returns at Orange County Airport at two o'clock in the afternoon.... Packed! Doesn't have anything to do with shortage, just everybody and his other brother Darryl wants to get gas at the same time.. Go two boulevards over and away from the airport (with lower prices incidentally) and that "Stop&Rob" is dead...... So let me paraphrase the quiet mason's observations.... Gas lines carte-blanche, every station, across the nation..... with shortage. Cats and dogs living together, mass hysteria, rioting in the streets..... Not really..... There is no shortage. He STILL has a point. I agree with that one poster here; brainless consumers that STILL purchase the gas regardless of the price (usually S-Huge-V. is involved) and simply not reacting to the price. You CAN react and if you don't, you're just lazy. Cut out the trip to Starbucks JUST to get coffee. Start combining multiple task/trips with one driving event.... You WILL see results in your wallet. There is no shortage of crude oil, just despicable speculators and hedge fund greed. I off-handedly fobbed off the comments of George Soros the other day, but now he's starting to make a LOT more sense..... Increasing incidence of "false bubbles" created by individuals utilizing parasitic tactics for quick money. A complete dismissal of the principles of value investing. Hubbard's theories are completely real - we are running out of oil and other countries want more of it but to to think it is happening this fast is completely ridiculous. I am looking forward to the oil speculation crash just as I looked forward to real estate "flippers" that got caught..... Same old same old.... Shoddy investment discipline that just hurts people in the long run and an exploited sector gets hurt for no apparent reason other than sheer greed......
Re: Gas taxes and other ideas [hudsonthedog]
by thegreatoz on Tue May 06 20:15:32 PDT 2008
The 55 MPH myth only applies to lightweight vehicles. My Honda Hydrocarbon Civic gets 34 mpg on the highway at both 55 or 65 mph (mathematically). My old Honda Hybrid Civic got 35 mph at 65 mph and 35-36 at 55 mph (according to the dashboard computer). HOWEVER, according to the dash computer on my '07 Suburban, I get 16.2 mpg at 55-60 mph, but get 16.5-17.8 mph at a steady 70 mph. (taking into account the engine occasionally shutting down 4-cylinders during BOTH speed range trips) Windows up; no AC. Once the big SUVs get rolling at high speeds, the propagandized Al Gore Hubbard AeroDianetics theory disappears. ;) 55 mph was originally intended to save lives. Saving gas is a myth. For decades, engine manufacturers said 70 mph was their most efficient speed (vis a vis RPMs). Now, like doubting Global Warming, they're afraid to mention the 70 mph fact. :shades:
Re: The only thing [marsha7]
by ponderpoint on Thu Jan 10 09:32:38 PST 2008
"Global warming and global cooling have been going on for billions of years," Funny how THAT is an "inconvenient truth" now. I am starting to find that Western society has decided it just want to throw away years of science because one person on the national nightly news is.... "concerned". Then because of status and BLATANT lack of cooperation with valid scientists ie; cut their funding if they don't "say" the right things.... Despicable. Pretty sad when a school kid knows who Al Gore is but doesn't know the name of the last ice age, Then completely terrify them by saying "Mommy's minivan is causing Polar Bears to drown!" without adding the point that is how they usually expire naturally, another "inconvenient truth". Let's have some fun. Answer these questions WITHOUT "googling" or going to Wikipedia.... Marsha7 you're excluded because you used the word "anthropogenic", you obviously have more on the ball on this subject, so keep quiet and don't help anybody out.... Here we go...... 1. What was the name of the last Ice Age. 2. How do Polar Bears usually expire in the wild? (ok that's a gimme). 3. What "epoch" are we in right now? 4. Distinct faunal stages have been identified in our current epoch (true or false). 5. Mankind has never faced near extinction because of natural global warming or cooling. (true or false). 6. Katrina was the worst natural disaster so far this century. (true or false). 7. What was the "younger dryas" and why is it important to the study of global warming? 8. Mass extinction post-Pleistocene is primarily caused by mankind or nature? 9. Are there any areas of increased glaciation anywhere on the planet? 10. Is Carbon Dioxide produced primarily by man or nature? 11. The worst source of mercury in the atmosphere is from power plants or the state of Hawaii? 12. Hubbard's Curve is a study of a real threat to the Arctic Circle or your current Western quality of life and your Dodge Ramcharger (with that cool hemi engine)? I understand that anybody in this forum can whip up arbitrary questions like I have just done - that's not my point. My point is that you HAVE to start seeking good information on the study of "possible" global warming and not a complete conclusion just because somebody that's famous says so.
Re: Great Reliability + Great Performance = Bliss [blkhemi]
by dewey on Thu Aug 30 16:50:53 PDT 2007
Blkhemi, when I was there the Yukon was sunny between 60 to 70 degrees. Alaska was about the same except for a bit of rainfall. Bristol, at least my kids got a chance to see actual glaciers before melting into non-existence. As we were looking at the Hubbard glacier for several hours I had videotaped several occasions of ice collapsing.
Re: 2006 NHTSA Stats [tpe]
by lilengineerboy on Wed Jul 25 11:07:42 PDT 2007
How do you know that not smoking reduces your risk of cancer? Probably because studies have looked at a groups that do smoke and noticed an increased incidence of cancer. At this point you're making assumptions and also making the same logical error you accused me of. Yes, it was for illustrative purposes. You can show correlation but not causation. Maybe these people lived next door to a nuclear power plant under high tension lines and had home x-ray machines. But when a law doesn't achieve the desired result to assume that the situation would have gotten worse without the law is pretty far fetched. Especially when there are so many examples of the situation not getting worse in states that didn't enact these laws. What is the average age of drivers in each of those states compared to the national average? How about miles traveled (California is a big state...)? How many unlicensed drivers/uninsured drivers are in each state? How strong is seatbelt enforcement in each state? I feel very confident that had these 3 states shown some of the biggest improvements in fatality and injury rates the proponents of these laws would have been quick to take credit. And they would be inline right behind the people for speed enforcement, seat belt enforcement, and stability control, who I am sure will also take credit. Perhaps even L. Ron Hubbard would take credit, since he would feel "pure" people drive better. :P The numbers are what they are. They can be interpreted in different ways. Some of these interpretations are more plausible than others. I concur, and when you have a study that is that confounded, it is very hard to even show correlation, let alone causation. I don't think it would even be possible to write a valid hypothesis to test that theory.

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