Thread: CIT Group bankrupt, more economic "progress" in Obamaland
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Old November 4th 09, 03:55 AM posted to rec.photo.digital.slr-systems
NotMe
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Posts: 60
Default CIT Group bankrupt, more economic "progress" in Obamaland


"Rich" wrote in message
...
: (Ray Fischer) wrote in
: :
:
: David Ruether wrote:
:
: "Doug McDonald" wrote in
: message ...
: David Ruether wrote:
: "RichA" wrote in message
:
: om...
:
: God help the U.S.
:
: I will ignore this useless request...;-)
:
: CNN:
: CIT files for 5th largest U.S. bankruptcy
: Small business lender seeks court approval for a debt
: reorganization that has approval of bondholders.
:
: If you think this is bad (and it is...), think how FAR, FAR, FAR
: worse a total economic collapse would have been under a "I don't
: know anything about economics" John McCain administration
: and the "let's do nothing" 'Bublican'ts. And, don't forget what
: knuckle-headed president and administration passed this mess on
: to Obama,
:
: You can't use that explanation. The leftists claimed 9/11 was Bush's
: fault ... not Clinton's, who dismantled the spy machinery.
:
: After 9/11/2009 ANYTHING IS OBAMA'S FAULT.
:
: I find it very difficult to follow your "logic"....;-)
:
: You expect logic from a rightard bigot?
:
:
: Actually, the economic state America finds itself in now is not Obama's
: fault, it's Clinton's and Allan Greenspan's. THEY built the dot.com
: economic house of cards, hyperspeculation in stocks, etc., that finally
: crashed. THEY deregulated the derivatives market which lead directly to
: the bank meltdown.


Actually it was then Sen Phil Graham R-TX that inserted an industry prepared
250 page amendment to a must pass bill that basically gave the foxes charge
of the hen house.