[Vision2020] Don't Believe Right-Wing Propaganda on

[lfalen]

I support him when I think he is right, which is not very much of the time.
Roger
-----Original message-----
From: Tom Hansen thansen at moscow.com
Date: Wed, 18 Feb 2009 12:17:19 -0800
To: lfalen lfalen at turbonet.com,  nickgier at roadrunner.com, vision2020 at moscow.com
Subject: Re: [Vision2020] Don't Believe Right-Wing Propaganda on

> Then . . . I am guessing that Roger Falen does (in some ways) support 
> President Barack Obama.
> 
> Wow!
> 
> I feel a Kumbaya moment coming on.  Now, everybody form a circle and lack 
> arms and sing along with me . . .
> 
> http://www.youtube.com/watch?v=R5kjf_L328s
> 
> "Imagine there's no Heaven 
> It's easy if you try 
> No hell below us 
> Above us only sky 
> Imagine all the people 
> Living for today 
> 
> Imagine there's no countries 
> It isn't hard to do 
> Nothing to kill or die for 
> And no religion too 
> Imagine all the people 
> Living life in peace 
> 
> You may say that I'm a dreamer 
> But I'm not the only one 
> I hope someday you'll join us 
> And the world will be as one 
> 
> Imagine no possessions 
> I wonder if you can 
> No need for greed or hunger 
> A brotherhood of man 
> Imagine all the people 
> Sharing all the world 
> 
> You may say that I'm a dreamer 
> But I'm not the only one 
> I hope someday you'll join us 
> And the world will live as one."
> 
> I think I'm gonna cry . . .
> 
> Tom Hansen
> Moscow, Idaho
> 
> > Nick
> > I am happy that you not approve of Obama in total. I tend to support most
> ( but not all) of
> those thing that you are critical of.
> > Roger
> > -----Original message-----
> > From: nickgier at roadrunner.com
> > Date: Wed, 18 Feb 2009 11:58:30 -0800
> > To: lfalen lfalen at turbonet.com
> > Subject: Re: [Vision2020] Don't Believe Right-Wing Propaganda on 
> theCommunityReinvestment
> Act
> > 
> > > Hi Roger,
> > > 
> > > Don't you think that calling reports from the Federal Reserve, bastion 
> of libertarian
> thinkers that I would expect you to admire, BS is rather extreme?  I will 
> stick with their
> conclusions that the CRA was not a major player in the sub-prime 
> mortgage.  The main
> reason for the current world financial crisis was too many libertarians 
> and radical free
> marketeers giving advice and running things, even within the Clinton 
> administration.
> > > 
> > > As far as criticism of Obamba is concerned, here is where I think he 
> is wrong: death
> penalty for child killers and inviting Rick Warren to the Inauguration and 
> risking what
> happened, to wit: he led the nation in the Lord's Prayer!!  I also did not 
> support his
> vote on surveilance nor did I like the fact that job discrimination was 
> not part of his
> executive order about faith-based initiative.  Finally, although I could 
> probably come up
> with more, I do not support his decision to send more troops to 
> Afghanistan.  The Afghanis
> are fed up with the president we gave them and they don't want any more 
> civilian deaths,
> up 40 percent this past year, primarily do to U.S. bombing and missile 
> strikes.
> > > 
> > > Thanks for the dialogue,
> > > 
> > > Nick
> > > 
> > > Nick
> > > ---- lfalen <lfalen at turbonet.com> wrote: 
> > > > This is BS. The CRA was not the only problem, but it sure was a 
> contributor. I am not
> an economist, but I would suggest that you read Thomas Sowell and Walter 
> Williams.
> > > > Roger
> > > > -----Original message-----
> > > > From: nickgier at roadrunner.com
> > > > Date: Thu, 12 Feb 2009 12:48:48 -0800
> > > > To: vision2020 at moscow.com
> > > > Subject: [Vision2020] Don't Believe Right-Wing Propaganda on the 
> CommunityReinvestment
> Act
> > > > 
> > > > > Greetings:
> > > > > 
> > > > > Roger warned me to be balanced on torture, but he doesn't mind 
> being totally out of
> line with regard to the Community Reinvestment Act (CRA).  Below are a few 
> excerpts from a
> recent Federal Reserve report.  The entire report can be found at
> www.federalreserve.gov/newsevents/speech/kroszner20081203a.htm  
> > > > > 
> > > > > "Recently, Federal Reserve staff has undertaken more specific 
> analysis focusing on
> the potential relationship between the CRA and the current subprime 
> crisis. This analysis
> was performed for the purpose of assessing claims that the CRA was a 
> principal cause of
> the current mortgage market difficulties. For this analysis, the staff 
> examined lending
> activity covering the period that corresponds to the height of the 
> subprime boom.
> > > > > 
> > > > > The research focused on two basic questions. First, we asked what 
> share of
> originations for subprime loans is related to the CRA. The potential role 
> of the CRA in
> the subprime crisis could either be large or small, depending on the 
> answer to this
> question. We found that the loans that are the focus of the CRA represent 
> a very small
> portion of the subprime lending market, casting considerable doubt on the 
> potential
> contribution that the law could have made to the subprime mortgage crisis."
> > > > > 
> > > > > Second, we asked how CRA-related subprime loans performed relative 
> to other loans.
> Once again, the potential role of the CRA could be large or small, 
> depending on the answer
> to this question. We found that delinquency rates were high in all 
> neighborhood income
> groups, and that CRA-related subprime loans performed in a comparable 
> manner to other
> subprime loans; as such, differences in performance between CRA-related 
> subprime lending
> and other subprime lending cannot lie at the root of recent market 
> turmoil. 
> > > > > 
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> > 
> 
> 
> "For a lapsed Lutheran born-again Buddhist pan-Humanist Universalist 
> Unitarian Wiccan Agnostic like myself there's really no reason ever to go 
> to work."
> 
> - Roy Zimmerman
> 
> 
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