<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	>
<channel>
	<title>Comments on: Don’t Dismiss Our Anger * Open Thread</title>
	<atom:link href="http://www.noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/</link>
	<description></description>
	<pubDate>Sat, 21 Nov 2009 15:39:26 +0000</pubDate>
	<generator>http://wordpress.org/?v=2.7.1</generator>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
		<item>
		<title>By: Diana L. C.</title>
		<link>http://www.noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-901115</link>
		<dc:creator>Diana L. C.</dc:creator>
		<pubDate>Tue, 14 Oct 2008 03:16:46 +0000</pubDate>
		<guid isPermaLink="false">http://noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-901115</guid>
		<description>Well, I have 99 problems, but Obama ain't one.  

Just saying.</description>
		<content:encoded><![CDATA[<p>Well, I have 99 problems, but Obama ain&#8217;t one.  </p>
<p>Just saying.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Diana L. C.</title>
		<link>http://www.noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-901112</link>
		<dc:creator>Diana L. C.</dc:creator>
		<pubDate>Tue, 14 Oct 2008 03:15:10 +0000</pubDate>
		<guid isPermaLink="false">http://noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-901112</guid>
		<description>Now aren't you some kind of superior being?  Go drink a latte and get over yourself.</description>
		<content:encoded><![CDATA[<p>Now aren&#8217;t you some kind of superior being?  Go drink a latte and get over yourself.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Diana L. C.</title>
		<link>http://www.noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-901096</link>
		<dc:creator>Diana L. C.</dc:creator>
		<pubDate>Tue, 14 Oct 2008 03:09:00 +0000</pubDate>
		<guid isPermaLink="false">http://noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-901096</guid>
		<description>The point is that McCain is NOT those things.   He gets upset at stupidity, but he's been good keeping that in check.

I think that all Obama's personal characteristic show him to be a narcissist--as Ani points out.  Narcissists absolutely can't accept that they are guilty about anything.  McCain and Palin have to calmy and clearly line out his "guilt."  Give dates, times, quotations, behavior.  Have a list of these examples of guilt ready on all issues and in regard to all associations.  Imply the guilt, for example, that shows with his lack of transparency in regard to birth records, etc.  If you want to see anger and bitterness, it will come from a narcissist who has been accused of being guilty.</description>
		<content:encoded><![CDATA[<p>The point is that McCain is NOT those things.   He gets upset at stupidity, but he&#8217;s been good keeping that in check.</p>
<p>I think that all Obama&#8217;s personal characteristic show him to be a narcissist&#8211;as Ani points out.  Narcissists absolutely can&#8217;t accept that they are guilty about anything.  McCain and Palin have to calmy and clearly line out his &#8220;guilt.&#8221;  Give dates, times, quotations, behavior.  Have a list of these examples of guilt ready on all issues and in regard to all associations.  Imply the guilt, for example, that shows with his lack of transparency in regard to birth records, etc.  If you want to see anger and bitterness, it will come from a narcissist who has been accused of being guilty.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Monet</title>
		<link>http://www.noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-900326</link>
		<dc:creator>Monet</dc:creator>
		<pubDate>Mon, 13 Oct 2008 23:50:51 +0000</pubDate>
		<guid isPermaLink="false">http://noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-900326</guid>
		<description>Oops.  False alarm.  I discovered a video from today and it turns out the flag belongs to the State of Ohio.  The flag looked so much like something the Obama campaign would come up with, no wonder they placed two of Ohio's flags behind Senator Obama today.  The Obama campaign has come up with so many "brilliant ideas" like the Obama seal that it didn't even occur to me the flag could represent anything other than him.

For anyone who wants to see the Ohio state flag and how it looks behind Senator Obama:

http://bravenewfilms.org/blog/57197-obama-economic-rescue-plan-for-middle-class</description>
		<content:encoded><![CDATA[<p>Oops.  False alarm.  I discovered a video from today and it turns out the flag belongs to the State of Ohio.  The flag looked so much like something the Obama campaign would come up with, no wonder they placed two of Ohio&#8217;s flags behind Senator Obama today.  The Obama campaign has come up with so many &#8220;brilliant ideas&#8221; like the Obama seal that it didn&#8217;t even occur to me the flag could represent anything other than him.</p>
<p>For anyone who wants to see the Ohio state flag and how it looks behind Senator Obama:</p>
<p><a href="http://bravenewfilms.org/blog/57197-obama-economic-rescue-plan-for-middle-class" rel="nofollow">http://bravenewfilms.org/blog/57197-obama-economic-rescue-plan-for-middle-class</a></p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Monet</title>
		<link>http://www.noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-900130</link>
		<dc:creator>Monet</dc:creator>
		<pubDate>Mon, 13 Oct 2008 23:08:50 +0000</pubDate>
		<guid isPermaLink="false">http://noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-900130</guid>
		<description>When did Senator Obama get his own flag with the stripes, a splattering of stars and the 'O'?  How did I miss this one?

And does that flag remind anyone else of the tv show Jericho?</description>
		<content:encoded><![CDATA[<p>When did Senator Obama get his own flag with the stripes, a splattering of stars and the &#8216;O&#8217;?  How did I miss this one?</p>
<p>And does that flag remind anyone else of the tv show Jericho?</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: cathnealon</title>
		<link>http://www.noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-900122</link>
		<dc:creator>cathnealon</dc:creator>
		<pubDate>Mon, 13 Oct 2008 23:07:54 +0000</pubDate>
		<guid isPermaLink="false">http://noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-900122</guid>
		<description>I think Obama's broken record of 8 more years and "he's just like Bush" should be McCain's starting point for any speech or even the last debate. BO is more like Bush than McCain ever was and he should open by saying "My opponent thinks I'm just like Bush but the truth is his rhetoric and record is more like Bush's than any candidate in the past 18 months. The Palin rally in Virginia today was great--she did not repeat talking points, she is speaking directly to the people with all the authenticity that BO does not have. 20,000 plus people. Keep the faith.</description>
		<content:encoded><![CDATA[<p>I think Obama&#8217;s broken record of 8 more years and &#8220;he&#8217;s just like Bush&#8221; should be McCain&#8217;s starting point for any speech or even the last debate. BO is more like Bush than McCain ever was and he should open by saying &#8220;My opponent thinks I&#8217;m just like Bush but the truth is his rhetoric and record is more like Bush&#8217;s than any candidate in the past 18 months. The Palin rally in Virginia today was great&#8211;she did not repeat talking points, she is speaking directly to the people with all the authenticity that BO does not have. 20,000 plus people. Keep the faith.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Lindsy</title>
		<link>http://www.noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-899612</link>
		<dc:creator>Lindsy</dc:creator>
		<pubDate>Mon, 13 Oct 2008 21:04:12 +0000</pubDate>
		<guid isPermaLink="false">http://noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-899612</guid>
		<description>I think McCain's decision to not go personal will cost him the election.  See the difference is Senator Obama doesn't have to go personal because his media mouthpieces do it for him.

McCain has no one.</description>
		<content:encoded><![CDATA[<p>I think McCain&#8217;s decision to not go personal will cost him the election.  See the difference is Senator Obama doesn&#8217;t have to go personal because his media mouthpieces do it for him.</p>
<p>McCain has no one.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Snickers</title>
		<link>http://www.noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-899337</link>
		<dc:creator>Snickers</dc:creator>
		<pubDate>Mon, 13 Oct 2008 20:17:10 +0000</pubDate>
		<guid isPermaLink="false">http://noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-899337</guid>
		<description>Thanks for all your encouraging words.  I will volunteer for McCain/Palin, even though I live in Oregon which is fairly blue.  I'm glad to have NQ, all these great writers and all of you to help keep my sanity.</description>
		<content:encoded><![CDATA[<p>Thanks for all your encouraging words.  I will volunteer for McCain/Palin, even though I live in Oregon which is fairly blue.  I&#8217;m glad to have NQ, all these great writers and all of you to help keep my sanity.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: AnninCA</title>
		<link>http://www.noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-899082</link>
		<dc:creator>AnninCA</dc:creator>
		<pubDate>Mon, 13 Oct 2008 19:15:05 +0000</pubDate>
		<guid isPermaLink="false">http://noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-899082</guid>
		<description>Here's a reality bite.  What LARK thinks is the solution is not what I think.

What Susan who runs the blog isn't what I think.

I actually generally am in agreement with Larry, so that's not a good example.

Uppity....I'm not in agreement, but I "get" it.

In short, this is a democracy.  There is NO single message McCain can or should send.

that's egocentric thinking.

He needs to be himself.......and let all of us, who differ, come together.</description>
		<content:encoded><![CDATA[<p>Here&#8217;s a reality bite.  What LARK thinks is the solution is not what I think.</p>
<p>What Susan who runs the blog isn&#8217;t what I think.</p>
<p>I actually generally am in agreement with Larry, so that&#8217;s not a good example.</p>
<p>Uppity&#8230;.I&#8217;m not in agreement, but I &#8220;get&#8221; it.</p>
<p>In short, this is a democracy.  There is NO single message McCain can or should send.</p>
<p>that&#8217;s egocentric thinking.</p>
<p>He needs to be himself&#8230;&#8230;.and let all of us, who differ, come together.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Monet</title>
		<link>http://www.noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-899053</link>
		<dc:creator>Monet</dc:creator>
		<pubDate>Mon, 13 Oct 2008 19:08:50 +0000</pubDate>
		<guid isPermaLink="false">http://noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-899053</guid>
		<description>&lt;blockquote&gt;Patience: The polls are tightening in spite of the fact that the MSM/Obama campaign wants us to believe issues like Ayers are of no interest. I believe the polls of last week combined with the aura of inevitability scared people. &lt;/blockquote&gt;

The polls are tightening.  However, all Senators McCain and Obama are doing is trading the undecideds back and forth.  Today's polls show that the undecideds who are angry, not buying into Senator Obama's hope and change stick and are voting for Senator McCain.  Next Monday their anger may decide hope and change is the answer.  

Senator McCain has to grab their anger, give them something more than hope.  If he does that, he'll have the undecided and the moderate Democrats voting for him on election day.  He can't go into a dead heat on election day with just the undecided vote to win this election.  If he does, he'll most likely join Senator Kerry and Vice President Gore.  Senator McCain has to show he understands our anger, he feels it too and our collective anger movement is going to change the path we're on and clean up every mess we've gotten into.  If he doesn't, Senator Obama's hope and change movement may carry the day.</description>
		<content:encoded><![CDATA[<blockquote><p>Patience: The polls are tightening in spite of the fact that the MSM/Obama campaign wants us to believe issues like Ayers are of no interest. I believe the polls of last week combined with the aura of inevitability scared people. </p></blockquote>
<p>The polls are tightening.  However, all Senators McCain and Obama are doing is trading the undecideds back and forth.  Today&#8217;s polls show that the undecideds who are angry, not buying into Senator Obama&#8217;s hope and change stick and are voting for Senator McCain.  Next Monday their anger may decide hope and change is the answer.  </p>
<p>Senator McCain has to grab their anger, give them something more than hope.  If he does that, he&#8217;ll have the undecided and the moderate Democrats voting for him on election day.  He can&#8217;t go into a dead heat on election day with just the undecided vote to win this election.  If he does, he&#8217;ll most likely join Senator Kerry and Vice President Gore.  Senator McCain has to show he understands our anger, he feels it too and our collective anger movement is going to change the path we&#8217;re on and clean up every mess we&#8217;ve gotten into.  If he doesn&#8217;t, Senator Obama&#8217;s hope and change movement may carry the day.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: AnninCA</title>
		<link>http://www.noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-899028</link>
		<dc:creator>AnninCA</dc:creator>
		<pubDate>Mon, 13 Oct 2008 19:03:23 +0000</pubDate>
		<guid isPermaLink="false">http://noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-899028</guid>
		<description>Doesn't offend me at all.  I'm thrilled that McCain is now channelling the fear and anger into a sharp speech.

This is a year where we've gotten to see how the candidates apply skills.

I'm very impressed with John and Sarah. 

I'm not impressed with Biden and Obama.

I'm delighted.

Whether it translates into a win?  We'll see.

I personally think John is beating him.</description>
		<content:encoded><![CDATA[<p>Doesn&#8217;t offend me at all.  I&#8217;m thrilled that McCain is now channelling the fear and anger into a sharp speech.</p>
<p>This is a year where we&#8217;ve gotten to see how the candidates apply skills.</p>
<p>I&#8217;m very impressed with John and Sarah. </p>
<p>I&#8217;m not impressed with Biden and Obama.</p>
<p>I&#8217;m delighted.</p>
<p>Whether it translates into a win?  We&#8217;ll see.</p>
<p>I personally think John is beating him.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: AnninCA</title>
		<link>http://www.noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-899017</link>
		<dc:creator>AnninCA</dc:creator>
		<pubDate>Mon, 13 Oct 2008 19:00:20 +0000</pubDate>
		<guid isPermaLink="false">http://noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-899017</guid>
		<description>I don't think McCain is doing anything at all wrong.

HE'S FROM THE INCUMBANT PARTY!!!

Anyone, after last week, who gets back to within 4 points in a major poll?

That's a winning strategy in this enviornment.

Now, we just need a good old-fashioned international security incident.  :)

*just kidding*</description>
		<content:encoded><![CDATA[<p>I don&#8217;t think McCain is doing anything at all wrong.</p>
<p>HE&#8217;S FROM THE INCUMBANT PARTY!!!</p>
<p>Anyone, after last week, who gets back to within 4 points in a major poll?</p>
<p>That&#8217;s a winning strategy in this enviornment.</p>
<p>Now, we just need a good old-fashioned international security incident.  <img src='http://www.noquarterusa.net/blog/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
<p>*just kidding*</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Monet</title>
		<link>http://www.noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-899016</link>
		<dc:creator>Monet</dc:creator>
		<pubDate>Mon, 13 Oct 2008 19:00:09 +0000</pubDate>
		<guid isPermaLink="false">http://noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-899016</guid>
		<description>I caught the tale end of Senator McCain's speech today, he was using his "fight for me" again.  He needs to add more force, anger and passion to his "fight with mes" and I think he can pull out of the dead heat with Senator Obama.  He can't just tighten the polls.  A dead heat will most likely give Senator Obama the advantage because it appears right now that the Obama campaign has manipulated the voting process fraudulently.

McCain needs to add emotion that breathes and lives, that we can feel.  They've got to work with him over the next week to get that emotion out of him.  It's there.  Deep inside.  He has to tap into it.</description>
		<content:encoded><![CDATA[<p>I caught the tale end of Senator McCain&#8217;s speech today, he was using his &#8220;fight for me&#8221; again.  He needs to add more force, anger and passion to his &#8220;fight with mes&#8221; and I think he can pull out of the dead heat with Senator Obama.  He can&#8217;t just tighten the polls.  A dead heat will most likely give Senator Obama the advantage because it appears right now that the Obama campaign has manipulated the voting process fraudulently.</p>
<p>McCain needs to add emotion that breathes and lives, that we can feel.  They&#8217;ve got to work with him over the next week to get that emotion out of him.  It&#8217;s there.  Deep inside.  He has to tap into it.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: AnninCA</title>
		<link>http://www.noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-898992</link>
		<dc:creator>AnninCA</dc:creator>
		<pubDate>Mon, 13 Oct 2008 18:54:21 +0000</pubDate>
		<guid isPermaLink="false">http://noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-898992</guid>
		<description>I agree.  He needs to explain that Obama is planning on sending "tax refund checks" to people who don't pay taxes.

LOL*

That'll frost the middle class but good.</description>
		<content:encoded><![CDATA[<p>I agree.  He needs to explain that Obama is planning on sending &#8220;tax refund checks&#8221; to people who don&#8217;t pay taxes.</p>
<p>LOL*</p>
<p>That&#8217;ll frost the middle class but good.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: AnninCA</title>
		<link>http://www.noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-898986</link>
		<dc:creator>AnninCA</dc:creator>
		<pubDate>Mon, 13 Oct 2008 18:52:46 +0000</pubDate>
		<guid isPermaLink="false">http://noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-898986</guid>
		<description>*hehe.....really?

Very interesting.  I like Rendell.  He's a kick.</description>
		<content:encoded><![CDATA[<p>*hehe&#8230;..really?</p>
<p>Very interesting.  I like Rendell.  He&#8217;s a kick.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Monet</title>
		<link>http://www.noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-898970</link>
		<dc:creator>Monet</dc:creator>
		<pubDate>Mon, 13 Oct 2008 18:48:46 +0000</pubDate>
		<guid isPermaLink="false">http://noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-898970</guid>
		<description>It wasn't one thing that has led to the credit crisis and current economic meltdown.  Lower standards for mortgages didn't help, but that alone wouldn't have the severe crisis that has raced around the globe that we're seeing.

The investment bank exemption on capital to debt ratio has played a big part.  The big five didn't have the capital to weather a storm.

Also playing a major role in the crisis are the "insurance policies" that were sold on Wall Street along with the mortgage securities.  Investors weren't eager to buy the mortgage securities and Wall Street had to make them attractive.  The answer was to sell "insurance policies" with them, if the mortgages defaulted, the buyers of the mortgage securities didn't lose money.    

If a company sells an insurance policy, under the insurance regulations, the company has to have capital in reserve to pay off the policy if a claim is filed.  That would have cut into the profits Wall Street was experiencing.  The solution was to sell the policies along with the mortgage securities but instead of calling them insurance policies, they were called Credit Default Swap Trades.  With the new names, the insurance policies didn't fall under the regulation of insurance laws.

AIG sold $450 billion in Credit Default Swap Trades, it was a booming business.  The division selling the swaps had employees (including lower level ones) making an average of a million dollars an year.  Mortgages began defaulting, claims were filed.  AIG didn't have the capital to pay the policies off.  AIG went running to Washington.

No one knows how many Credit Default Swap Trades were sold because the market isn't regulated.  They're not sold just for mortgage securities but can be sold to insure any loan or bond where the buyer or any party for that matter wants to limit the risk.  One article I read estimated there might be $60 trillion in swaps out there.  

CRA had good intentions.  It helped minorities who were denied mortgages not because of their ability to pay but on skin color to invest in a home.  Along came ACORN with it's own agenda.  Then Fannie, Freddie and Wall Street.  Then the insurance industry.  Add in the rest we have yet to discover, add all the ingredients over thirty years, mix it well, let it simmer for a few years and we have a catastrophic economic meltdown on the global level.

Definition of a Credit Default Swap Trade:

http://www.investopedia.com/terms/c/creditdefaultswap.asp

Explanations of how the Credit Default Swap market works:

http://money.cnn.com/2008/09/29/magazines/fortune/varchaver_derivatives.fortune/

http://www.financialsense.com/editorials/engdahl/2008/0606.html

An year ago, the Credit Default Swap market was doing a booming business:

http://www.bloomberg.com/apps/news?pid=20601109&amp;sid=a6rWlv5K5sH8&amp;refer=home

The DTCC in recent days has been busy trying to mitigate how involved the Credit Default Swaps are with the current economic meltdown:

http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&amp;newsId=20081011005030&amp;newsLang=en

It wasn't one thing that led to this mess.  It was a mixture that led to a feeding frenzy binge that our government turned a blind eye to.</description>
		<content:encoded><![CDATA[<p>It wasn&#8217;t one thing that has led to the credit crisis and current economic meltdown.  Lower standards for mortgages didn&#8217;t help, but that alone wouldn&#8217;t have the severe crisis that has raced around the globe that we&#8217;re seeing.</p>
<p>The investment bank exemption on capital to debt ratio has played a big part.  The big five didn&#8217;t have the capital to weather a storm.</p>
<p>Also playing a major role in the crisis are the &#8220;insurance policies&#8221; that were sold on Wall Street along with the mortgage securities.  Investors weren&#8217;t eager to buy the mortgage securities and Wall Street had to make them attractive.  The answer was to sell &#8220;insurance policies&#8221; with them, if the mortgages defaulted, the buyers of the mortgage securities didn&#8217;t lose money.    </p>
<p>If a company sells an insurance policy, under the insurance regulations, the company has to have capital in reserve to pay off the policy if a claim is filed.  That would have cut into the profits Wall Street was experiencing.  The solution was to sell the policies along with the mortgage securities but instead of calling them insurance policies, they were called Credit Default Swap Trades.  With the new names, the insurance policies didn&#8217;t fall under the regulation of insurance laws.</p>
<p>AIG sold $450 billion in Credit Default Swap Trades, it was a booming business.  The division selling the swaps had employees (including lower level ones) making an average of a million dollars an year.  Mortgages began defaulting, claims were filed.  AIG didn&#8217;t have the capital to pay the policies off.  AIG went running to Washington.</p>
<p>No one knows how many Credit Default Swap Trades were sold because the market isn&#8217;t regulated.  They&#8217;re not sold just for mortgage securities but can be sold to insure any loan or bond where the buyer or any party for that matter wants to limit the risk.  One article I read estimated there might be $60 trillion in swaps out there.  </p>
<p>CRA had good intentions.  It helped minorities who were denied mortgages not because of their ability to pay but on skin color to invest in a home.  Along came ACORN with it&#8217;s own agenda.  Then Fannie, Freddie and Wall Street.  Then the insurance industry.  Add in the rest we have yet to discover, add all the ingredients over thirty years, mix it well, let it simmer for a few years and we have a catastrophic economic meltdown on the global level.</p>
<p>Definition of a Credit Default Swap Trade:</p>
<p><a href="http://www.investopedia.com/terms/c/creditdefaultswap.asp" rel="nofollow">http://www.investopedia.com/terms/c/creditdefaultswap.asp</a></p>
<p>Explanations of how the Credit Default Swap market works:</p>
<p><a href="http://money.cnn.com/2008/09/29/magazines/fortune/varchaver_derivatives.fortune/" rel="nofollow">http://money.cnn.com/2008/09/29/magazines/fortune/varchaver_derivatives.fortune/</a></p>
<p><a href="http://www.financialsense.com/editorials/engdahl/2008/0606.html" rel="nofollow">http://www.financialsense.com/editorials/engdahl/2008/0606.html</a></p>
<p>An year ago, the Credit Default Swap market was doing a booming business:</p>
<p><a href="http://www.bloomberg.com/apps/news?pid=20601109&amp;sid=a6rWlv5K5sH8&amp;refer=home" rel="nofollow">http://www.bloomberg.com/apps/news?pid=20601109&amp;sid=a6rWlv5K5sH8&amp;refer=home</a></p>
<p>The DTCC in recent days has been busy trying to mitigate how involved the Credit Default Swaps are with the current economic meltdown:</p>
<p><a href="http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&amp;newsId=20081011005030&amp;newsLang=en" rel="nofollow">http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&amp;newsId=20081011005030&amp;newsLang=en</a></p>
<p>It wasn&#8217;t one thing that led to this mess.  It was a mixture that led to a feeding frenzy binge that our government turned a blind eye to.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: oowawa</title>
		<link>http://www.noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-898728</link>
		<dc:creator>oowawa</dc:creator>
		<pubDate>Mon, 13 Oct 2008 17:58:15 +0000</pubDate>
		<guid isPermaLink="false">http://noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-898728</guid>
		<description>The Guardian Angels were not under the control of a charismatic NATIONAL leader with unprecedented power and both houses of Congress at his beck and call, and with the national media as his supplicants.   Think "Hitlerjugend"--not "Guardian Angels."  The Precious is thinking far beyond a benevolent neighborhood watch.</description>
		<content:encoded><![CDATA[<p>The Guardian Angels were not under the control of a charismatic NATIONAL leader with unprecedented power and both houses of Congress at his beck and call, and with the national media as his supplicants.   Think &#8220;Hitlerjugend&#8221;&#8211;not &#8220;Guardian Angels.&#8221;  The Precious is thinking far beyond a benevolent neighborhood watch.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Bellevue_NW_Voter The Renter</title>
		<link>http://www.noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-898606</link>
		<dc:creator>Bellevue_NW_Voter The Renter</dc:creator>
		<pubDate>Mon, 13 Oct 2008 17:33:28 +0000</pubDate>
		<guid isPermaLink="false">http://noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-898606</guid>
		<description>Reminds me of the "Guardian Angels" we had in the NY/NJ area.  A bunch of teenagers who marched around in berets and who enforced what they felt was the law of the neighborhood.

They did do some good things.  They also did a few bad things, and their presence tended to intimidate.

It was kind of like a healthier (but not completely healthy) version of a gang.  Kids got something to belong to, and the net effect of their belonging to it was not as bad as if they belonged to a gang.</description>
		<content:encoded><![CDATA[<p>Reminds me of the &#8220;Guardian Angels&#8221; we had in the NY/NJ area.  A bunch of teenagers who marched around in berets and who enforced what they felt was the law of the neighborhood.</p>
<p>They did do some good things.  They also did a few bad things, and their presence tended to intimidate.</p>
<p>It was kind of like a healthier (but not completely healthy) version of a gang.  Kids got something to belong to, and the net effect of their belonging to it was not as bad as if they belonged to a gang.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: bethtopaz</title>
		<link>http://www.noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-898593</link>
		<dc:creator>bethtopaz</dc:creator>
		<pubDate>Mon, 13 Oct 2008 17:31:33 +0000</pubDate>
		<guid isPermaLink="false">http://noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-898593</guid>
		<description>Tell John McCain how you feel:

www.johnmccain.com 

Go to "Contact" at the bottom of the home page.</description>
		<content:encoded><![CDATA[<p>Tell John McCain how you feel:</p>
<p><a href="http://www.johnmccain.com" rel="nofollow">http://www.johnmccain.com</a> </p>
<p>Go to &#8220;Contact&#8221; at the bottom of the home page.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: mcpalin hill</title>
		<link>http://www.noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-898446</link>
		<dc:creator>mcpalin hill</dc:creator>
		<pubDate>Mon, 13 Oct 2008 17:03:07 +0000</pubDate>
		<guid isPermaLink="false">http://noquarterusa.net/blog/2008/10/13/don%e2%80%99t-dismiss-our-anger-open-thread/#comment-898446</guid>
		<description>annin -- today McCain spoke about the anger and fear.  He gave the speech of his life.  He was tremendous.  Nice guys finish last -- smart guys who hear the people -- WIN.

McCain is going up in the polls because Obama voters are having buyer's remorse.  Acorn has a lot to do with this.  If Obama is doing so well then why does he need to register dead people? 

Sorry if it offends you but people are angry and they will vote for the man who taps into that anger.</description>
		<content:encoded><![CDATA[<p>annin &#8212; today McCain spoke about the anger and fear.  He gave the speech of his life.  He was tremendous.  Nice guys finish last &#8212; smart guys who hear the people &#8212; WIN.</p>
<p>McCain is going up in the polls because Obama voters are having buyer&#8217;s remorse.  Acorn has a lot to do with this.  If Obama is doing so well then why does he need to register dead people? </p>
<p>Sorry if it offends you but people are angry and they will vote for the man who taps into that anger.</p>
]]></content:encoded>
	</item>
</channel>
</rss>
