Comments on: McBama http://davies.lohudblogs.com/2008/09/26/mcbama/ The editorial cartoons of Matt Davies Mon, 23 Nov 2009 05:10:02 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Purity http://davies.lohudblogs.com/2008/09/26/mcbama/comment-page-1/#comment-5504 Purity Fri, 26 Sep 2008 21:13:31 +0000 http://davies.lohudblogs.com/2008/09/26/mcbama/#comment-5504 C'Mon Obama...$700B Federal write off of the poorest debt in the US...save the banking sector into the bargain. Everybody wins except the taxpayer (who was gonna get it anyway) It's the new rules. It's change. Why not? C’Mon Obama…$700B Federal write off of the poorest debt in the US…save the banking sector into the bargain. Everybody wins except the taxpayer (who was gonna get it anyway) It’s the new rules. It’s change. Why not?

]]> By: Purity http://davies.lohudblogs.com/2008/09/26/mcbama/comment-page-1/#comment-5502 Purity Fri, 26 Sep 2008 16:39:04 +0000 http://davies.lohudblogs.com/2008/09/26/mcbama/#comment-5502 Perhaps those foreclosed could elect a politician to work on their behalf. Maybe even a president. Am I being naive here? Perhaps those foreclosed could elect a politician to work on their behalf. Maybe even a president. Am I being naive here?

]]> By: Matt Davies http://davies.lohudblogs.com/2008/09/26/mcbama/comment-page-1/#comment-5501 Matt Davies Fri, 26 Sep 2008 16:18:47 +0000 http://davies.lohudblogs.com/2008/09/26/mcbama/#comment-5501 Yep. Totally agree. Shore up the mortgage debt on people who got sold down a river...Help them keep their houses, the housing hemorrhaging is alleviated...And lo and behold, the stupid mortgage securities start to gain in value, and the banks are fluid again. Unfortunately though, people who are being foreclosed on tend not to have lobbyists working on their behalf - Thereby ensuring the $700B will go to the wrong end of the problem. Yep. Totally agree. Shore up the mortgage debt on people who got sold down a river…Help them keep their houses, the housing hemorrhaging is alleviated…And lo and behold, the stupid mortgage securities start to gain in value, and the banks are fluid again.

Unfortunately though, people who are being foreclosed on tend not to have lobbyists working on their behalf – Thereby ensuring the $700B will go to the wrong end of the problem.

]]> By: Purity http://davies.lohudblogs.com/2008/09/26/mcbama/comment-page-1/#comment-5500 Purity Fri, 26 Sep 2008 16:07:24 +0000 http://davies.lohudblogs.com/2008/09/26/mcbama/#comment-5500 After the S and L bailout we had the RTC president, W. Bush was the WTC president President McBama will be the WTF president...campaining for change when actually trying his darnest to avoid change (keep them banks steady ferchrissake) when, anyway, times they are a changin' Since we've already arrived at Capitalism 2.0 ... Why not take the 700 billion and pay off the mortgages of the means-tested poorest? Surely better than paying the banks something like FACE VALUE to take the securities off them. Why doesn't Obama or McCain show a bit of initiative in the face of a Paulson/Goldman stitch up of us all? Because of the WtF factor....how depressing. After the S and L bailout we had the RTC president,
W. Bush was the WTC president
President McBama will be the WTF president…campaining for change when actually trying his darnest to avoid change (keep them banks steady ferchrissake) when, anyway, times they are a changin’
Since we’ve already arrived at Capitalism 2.0 …
Why not take the 700 billion and pay off the mortgages of the means-tested poorest?
Surely better than paying the banks something like FACE VALUE to take the securities off them. Why doesn’t Obama or McCain show a bit of initiative in the face of a Paulson/Goldman stitch up of us all?
Because of the WtF factor….how depressing.

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