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    blames the neoliberals for the financial crisis. wonder FOX doesn't promote Ron Paul. He names names including Rupert Murdoch, Krauthammer, Bush, etc. I blame the UN and international agreements but who do you blame?

    The US is the economic engine of the world. When the left throws wrenches into the gears of capitalism, the whole world suffers. The housing crisis which has precipitated much of the economic turmoil we find ourselves in today is a perfect example.The Democrats were in control of both houses of congress from 2006 until last November and therefore were in control of spending. Or responsible for out of control spending might be a more accurate observation. When Bill Clinton came to office in 1993, subprime loans constituted less than 2% of home loans. Then, the Clinton administration began using the CRA and other tools to pressure banks to make subprime loans, and also began encouraging those loans by funding and/or securing many of them via Freddie and Fannie, in the name of extending home ownership to the poor and especially to minorities. The result? By the end of Clinton's term, subprime loans went from less than 2% of home loans to 9%, a staggering increase of at least 400% in less than eight years. By 2008, subprime loans constituted over 20% of home loans, another quantum jump in only eight years. Now, common sense tells us that if subprime loans had remained only a tiny fraction of home loans, there would have been no housing crisis or at worst a very, very small housing crisis. Common sense also tells us that if subprime loans had remained at less than 2% of home loans, greedy bankers and investment firms would have had far, far fewer subprime loans to bundle and falsely rate, which in turn would have tremendously lessened the global damage caused by those toxic assets. Yes, greedy bankers, greedy house flippers, greedy investment firms, incompetent regulators, not to mention greedy home buyers who bought homes they knew or suspected they couldn't afford--all these parties played a role in the housing crisis. But all these players would have had far, far fewer subprime loans to work with if the federal government had not meddled in the first place. Similarly, no matter how recklessly the Federal Reserve promoted easy credit via unsound monetary policy, it wouldn't have mattered if banks had not been pressured to make subprime loans in the first place and if those loans had not been further encouraged by having Freddie and Fannie fund and/or secure so many of them. Mr. and Mrs. Irresponsible Home Buyer could not have taken advantage of historically low mortgage rates if the banks had not been pressured to greatly lower their credit standards in the name of "equal access to the American dream" (read: lowering credit standards so that people who would never qualify for a home loan by sound credit standards could now qualify). The Bush Admin and Senator McCain warned repeatedly about Fanny Mae and Freddy Mac and what thus became the 2008 financial crisis -- starting in 2002 (and actually even earlier -- in the Clinton and Carter White Houses. Democrats resisted and kept to their party line, extending loans to people who couldn't afford them -- just like you would expect from them. Here's a video with proof, you can balk at the source but it shows the politicians responsible like Barney Frank denying on film that there was any problem with Fanny and Freddy and blocking any attempt at reform. Mobile Times - September 11, 2003 The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago. Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry. The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios. The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac — which together have issued more than $1.5 trillion in outstanding debt — is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates. ”These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ‘‘The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”

    I wouldn't let the Media meaning any paper, influence what I thought about anything. And the Blaze sounds like they have an opinion because the lady is weird and different. The definition of neoliberalism presented here is more abstract than usual - but it also suggests that neoliberalism has been underestimated. A widely quoted example of those 'usual definitions' is What is "Neo-Liberalism"? by Elizabeth Martinez and Arnoldo García: Neo-liberalism is a set of economic policies that have become widespread during the last 25 years or so. Although the word is rarely heard in the United States, you can clearly see the effects of neo-liberalism here as the rich grow richer and the poor grow poorer....Around the world, neo-liberalism has been imposed by powerful financial institutions like the International Monetary Fund (IMF), the World Bank and the Inter- American Development Bank....the capitalist crisis over the last 25 years, with its shrinking profit rates, inspired the corporate elite to revive economic liberalism. That's what makes it 'neo' or new. This sense of the word 'neoliberalism' is widely used in Latin America. However, neoliberalism is more a phenomenon of the rich western market democracies, than of poor regions. That is why I emphasise the historical development of liberalism, in those western market democracies. The IMF and the World Bank are not the right places to look, to see the essence of neoliberalism. And the WTO ideology - free trade and 'competitive advantage' - is 200 years old. There is nothing 'neo' in their liberalism That is why you hear people like Foghorn and George Washington tell you they are serving the same agenda. The reason Ron Paul brings up Neo Conservatism is because it's in the Republican Party and he is trying to delineate it from true conservatism. I hope you are not defending Rupert Murdoch. Because to Speak the truth as you see it without politicing the Media takes great courage and Murdoch looks like a paranoid fool and a liar for not giving Paul Exposure. When Fox did the CPAC Straw Poll they distorted applause. Very sad imo

    There's a lot of blame to share all around. The bankers control the government, which writes rules for the bankers. Since the 2008 crash, nothing has been fixed. Glass–Steagall Act accounting the "affordable housing" push by government which has been going on since President Carter and supported by every President since. This led directly to the sub-prime loan idiocy. There's the fallacy of our fractional reserve banking system, the Federal Reserve fiat currency (which is now worth 4% of what a dollar was worth in 1913). And there is the 40 year credit binge EVERYONE has been on. This has caused prices of everything to go up, like education, real estate, cars. It is insane for ordinary folks to buy a $30,000 car and the only reason they do is because it's only $300 a month. To make those payments for years on a depreciating asset is insane. America went from getting rich making things to sell to the world, to getting rich selling our houses to each other. No wonder we're broke.

    A million. Yeah....what that's, whether, is our significant financial corporation that helps and maintains our financial equipment. do slightly learn, learn some issues, and locate out what the financial equipment grew to become into like earlier we had an significant financial corporation. 2. How will chickening out all our troops from everywhere and hiding interior our borders "provide up center East Wars"?? 3. I shop listening to idiots say this, yet I nonetheless have not seen any evidence. possibly....he's no longer getting airtime in simple terms using fact he's no longer a intense electable candidate and that's not an countless conspiracy?

    You blame the UN for the financial crisis? Is that what you are saying? I don't understand what you are getting at with the UN. But yeah the neoliberals and the neoconservatives are to blame for the crisis. They both loosened lending restrictions and they both never saw the housing bubble coming. But with that said, Ron Paul is still a moron who blames the government for everything and doesn't pin point any of the blame on the private sector.

    Neoliberals now that is funny. The problem is golds sach who has made billions for their supporters while the world goes broke. The same guys who caused the recession caused the economic crisis and guess what they are inside both parties.

    Sadly Gadfly is right and jamie Gorelick, yes the lady that is famous for cookin (dropped the g on purpose) the books at Freddie got a real nice bonus and the idiot over it got a huge bonus and was nothing more than a figure head. they actually had 4,000 different types of loans and with NOTHING DOWN. my banker lady friend told me that they were giving loans up to 120%. Hud head Cuomo is on utube boasting about how they forced banks to give the bad loans. Does anyone know why the tea Party was called hobbits, terrorist by leading senators and the VP? Here's why Sen. McCain has taken $478 million in donations and he just blew $22 million to get elected and still has $26 million in his war chest. Sen. kerry is not doing quite as good but has taken in $394 million, but only has about $4 million in his war chest, I assume some went to the $8 million boat he bought, LOL and he stiffed his own state out of $500,000 in taxes, what a guy. Sen. biden's kids all are lobbyists and his son in lw also and Uncle Joe Biden's son has his own lobby firm. So actually the tEa Party would be very detrimental tho them.The link below shows that the lobbyists have donated an average of $3.5 billion to the House and Senate members the last 3 years each!!!! I would think it is hard to say know to someone that employs your family and also gives you millions, I know I would. It was ironic that TSA out of the blue started attacking plane passengers, but if you knew the companies that had just been awarded the contracts got them, then it made sense to make people miserable until they went through them, but don't worry once they are in you will not have to go through them. The companies spread $6 million around Washington in funds and used different lobby firms, see some are Republican adn some democrats so they don't have to worry about stings. But that $6 million did the trick, have not traced to whom yet but figure it went to the committee members that "approved" them. The head of Israel security says he could bring enough plastics on a 747 to blow it up and that they are worthless for detection. lOL At Foghorn. You know that Dr. Paul wants us to stop spreading democracy. He even had the gaul to say we should stop rebuilding other countries infrastructures and rebuild ours because it's FALLING APART'!!! the nerve of that guy. You may remember he had more support than the administration as he got over 300 other House members to endorse his auditing of the FED, but do you realize that if he had the FED might not have been able to loan those banks in Europe $16,000,000,000,000. Yea that Sen. bernie sanders ratted them out, they gave them $16 trillion and we are over here crying about half a trillion, chicken feed to fix bridges about to fall in that were suppose to have been fixed with the first stimulus money. LOL Hey Fog just kidding. Ha ha I am glad even with the media from both parties and all their cash and the media that the lobbyists own Paul is still making headway. Much better answers but did want to supply these links and you can put in your own politicians and see who pays them, how much and how they vote. isn't it sad the rest of the world market pays ten cents on the dollar for our drugs and we pay 1005? They even stopped the people elderly from getting them from Mexico and Canada. why? Because the drug people paid the politicians $250 million last year and also the biggest drug buyer is the government and it's a free meal. Same with Oblahmacare, the insurance guys are excited as they donate $200 million a year. Wonder how much the porno guys donate. LOL Have a great 2011 ad greater 2012!!!!!!! $3.5 billion a year to buy a country pretty cheap and Kerry Straight talk, Straight to his pocket lol note Hillary was in only a short time but got almost as much as Kerry Industry ranking and click on each one and it shows the break down President Obama's new campaign This will explain it for you also, just pick a subject and the lady will explain the liberal point of view

    I blame the ones in power right now which include both parties Republicans and Democrats. They sold us out when they started the Fed. We need to vote Ron Paul in and he will get the ball rolling. We should investigate every single candidate and ask a ton of questions before we vote. We should stop gambling with our votes. We need to be precise. We can go to and/or to find our answers.

    I blame both neoliberals and neoconservatives. They are both spend-o-crats, they both just want to waste money on things that will help no one and both want to control people's lives.


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