MInTheGap

Standing in the Gap in a Society that's Warring with God.

Does Fannie Mae and Freddie Mac Matter?

October 18th, 2008 Viewed 2146 times, 1 so far today

Awesome House Header

I had quite the discussion with a coworker yesterday morning.  He’s buying the line that Sen. Obama used that deregulation is one of the main causes of the current financial crisis.

I believe that while it may be the enabler of the crisis, it did not cause it.  Bad loans caused it, and there were some that encouraged bad loans, and some that wanted oversight into what was going on.

The Bailout and Duck Tales

October 2nd, 2008 Viewed 2863 times

ducktales Who would have guessed you could learn so much about inflation from a kid’s cartoon?

I used to watch Duck Tales and the whole Disney afternoon back in the 80s and 90s, and though I don’t remember the episode you’ll see after the jump, there’s quite the simple explanation of why just pumping more money into the economy will not help the situation.  It’s just extending the bubble and pushing the delaying the crash.

Senate Approves Bail Out

October 2nd, 2008 Viewed 1617 times

us-senate Last night the Senate approved a bail-out bill as a way to pressure the House Republicans into doing the same.

The heart of the bill, and the opposition to it, remained the same. It would enable the government to spend billions of dollars to buy bad mortgage-related securities and other devalued assets held by troubled financial institutions. If successful, advocates say, that would allow frozen credit to begin flowing again and keep the economy from a deep recession.

If You Still Oppose the Bailout…

October 1st, 2008 Viewed 1650 times

on the phone

Get on the phone:

Blunt said one of the reasons he is more optimistic is that lawmakers are hearing less vocal opposition from their districts. He said that calls and e-mails to congressional offices that were running about 90 percent against the measure earlier now are at about “50-50.”

It appears there’s another bill, and the Senate is trying to sweeten the deal and pass something tolerable to the house.

McCain Afraid to Debate?

September 25th, 2008 Viewed 2105 times

mccain2 Unlikely.  At least, that’s the word from former Pres. Bill Clinton:

“We know he didn’t do it because he’s afraid because Sen. McCain wanted more debates,” Clinton said, adding that he was “encouraged” by the joint statement from McCain and Sen. Barack Obama.

“You can put it off a few days the problem is it’s hard to reschedule those things,” Clinton said, “I presume he did that in good faith since I know he wanted — I remember he asked for more debates to go all around the country and so I don’t think we ought to overly parse that.”

MInTheGap

Standing in the Gap in a Society that's Warring with God.