M_in_Baltimore -- All Comments -- In These Times

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M_in_Baltimore

- 15 May 09
- 5:18 pm
Laws do not/did not *require* that loans be given to low income buyers, scorp. The laws simply gave low income borrowers the chance to participate by addressing red-lining (or attempting to). It was the loan originators that got pressure put on them by Wall Street to sell those loans; Wall Street wanted the loans made, knowing full well that they would default. The loan originators had to produce, or die. Their bosses demanded that these loans be made. Loan originators made promises they couldn't keep, and obfuscated a lot of information anyone with common sense would have rejected if they knew …

Posted to The Only Road Out of Crisis
- 16 May 09
- 10:32 am
History? None of us seem to have learned from history, have we? Foolish? Fine. I'm not going to sit here and defend any policy anywhere down the road the last 50 years. Petty "facts" arguments go nowhere. Anybody can cherry-pick "facts." All I said is that both parties are corrupt to the core; both parties made the necessary moves to assure that their own complicity in the raping of this economy wasn't exposed. They do that together; hand in hand. They do that with a lot of help from overseas banking, too. They all do that with "facts." Nowhere is there …

Posted to The Only Road Out of Crisis
- 16 May 09
- 2:19 pm
Dear Lavern, Disgusted Middleclass Taxpayer, How right you are to be disgusted. I frankly think you should get really boiling angry! I certainly am. Ever since Enron, we have known beyond a shadow of a doubt that the accounting profession is baldly corrupt. My brother is a CPA; he is absolutely terrified of the implications of this situation in the accounting profession. He frankly feels he cannot believe ANYTHING a balance sheet or financial report says anymore. Talk about a crisis of confidence! Just imagine what a $0.001 (one tenth of one cent) tax on every single financial electronic transaction would …

Posted to The Only Road Out of Crisis
- 15 May 09
- 5:30 pm
--"Obama may not understand the dangerous waters his administration is drifting into by expanding �public safety� policing programs." Oh, I think he DOES. Obama is no idealist. He knows full well what these implications are.

Posted to Reinventing Demons
- 23 Jul 08
- 5:52 pm
I'm all for rap as a dissident art form. It really bugs the hell out of me, though, that people can't develop their own local music forms of dissent. Why is it the world just consumes and consumes US pop culture and won't, or can't, come up with their own original thinking? Like Africa did, for example? Arab rap? Snore.

Posted to Rap the Casbah