A Recent Favorite:

Recent Comments

  1. feverjr commented on Darrin Bell 2 days ago

    The combination of Wendy and Phil Gramm, with the Commodities Modernization Act of 2000, making credit default swaps possible, and the passage of Gramm Leach Bliley, that overturned much of Glass Steagal and deregulated the banking industry, were in large part the cause of the meltdown. Greenspan’s support of deregulation as far back as the Reagan years was used to justify the repeal of Glass Steagal.
    Greenspan in retrospect said that it was Wall Street’s demand for more mortgage backed securities to push into the commodities market that was the cause of the lowering of standards for mortgages.
    Yes, Clinton signed both bills. Wendy Gramm left government after getting the Enron Loophole passed, to take a $1 million signing bonus with Enron. Phil left the senate to take a job with UBS, managing their US accounts wishing to find tax havens.
    George was not the cause of the meltdown, but he was warned and could have taken steps to mitigate the problem and didn’t. I think he was hoping that the storm wouldn’t break until after he left office, but that’s my opinion.

  2. feverjr commented on Darrin Bell 2 days ago

    Jeb would be number three,
    Dad gave us the S&L Crisis, brother “W” gave us the mortgage meltdown, what could Jeb’s legacy be??

  3. feverjr commented on Randolph Itch, 2 a.m. 5 days ago

    When Randolph has a wet dream, he has a wet dream.

  4. feverjr commented on Tom Toles 5 days ago

    Many of the articles I’ve read on this explain that Renaissance is accused of “underestimating their tax liability.” So I’d imagine his tax lawyers will meet with tax lawyers from the IRS and they will settle for pennies on the dollar.
    Cruz, who is being bankrolled by Mercer, in his announcement to run at Liberty University, made it clear he wants to get rid of the IRS.

  5. feverjr commented on Loose Parts 5 days ago

    Lost of the Mohicans

  6. feverjr commented on Tom Toles 5 days ago

    Ted Cruz’s main backer is Robert Mercer, the hedge fund mogul, who happens to owe $6 billion in back taxes. Is it just a coincidence that Cruz says, if elected, he will get rid of the IRS?

  7. feverjr commented on Randolph Itch, 2 a.m. 6 days ago

    Bonsai!!!

  8. feverjr commented on Randolph Itch, 2 a.m. 9 days ago

    Monty Python…….

    https://www.youtube.com/watch?v=RDjCqjzbvJY

  9. feverjr commented on Kevin Kallaugher 10 days ago

    Today, for ages 15 to 24, a gun is more likely to kill you than a car. By the end of the year, if trends continue, that will be for all ages.
    …………………
    “Car technologies and road laws are ever-evolving: in 2014, for example, the National Highways Traffic Safety Administration announced its plan to phase in mandatory rear-view cameras on new light vehicles, while New York City lowered its speed limit for local roads. By contrast, safety features on firearms—such as smartguns unlocked by an owner’s thumbprint or a radio-frequency encryption—are opposed by the National Rifle Association, whose allies in Congress also block funding for the sort of public-health research that might show, in even clearer detail, the cost of America’s love affair with guns.”
    ………………
    http://www.economist.com/news/united-states/21638140-gun-now-more-likely-kill-you-car-bangers-v-bullets

  10. feverjr commented on Clay Bennett 17 days ago

    Today, for ages 15 to 24, a gun is more likely to kill you than a car. By the end of the year, if trends continue, that will be for all ages.
    …………………
    “Car technologies and road laws are ever-evolving: in 2014, for example, the National Highways Traffic Safety Administration announced its plan to phase in mandatory rear-view cameras on new light vehicles, while New York City lowered its speed limit for local roads. By contrast, safety features on firearms—such as smartguns unlocked by an owner’s thumbprint or a radio-frequency encryption—are opposed by the National Rifle Association, whose allies in Congress also block funding for the sort of public-health research that might show, in even clearer detail, the cost of America’s love affair with guns.”
    ………………
    http://www.economist.com/news/united-states/21638140-gun-now-more-likely-kill-you-car-bangers-v-bullets