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Bradley in DC
07-26-2007, 10:11 AM
http://boss.streamos.com/wmedia-live/financialserv/16489/300_financialserv-qwertyuiop_070131.asx

Talking about flood insurance right now

http://www.house.gov/apps/list/speech/financialsvcs_dem/ht072607.shtml
Santana28
07-26-2007, 10:17 AM
"Not Ron Paul News, Bradley!"

:) just kidding.

will the good Dr. Be speaking?
Bradley in DC
07-26-2007, 10:19 AM
:p

Yes, Dr. Paul is a member of the cmte and will be voting on these amendments and bills during the markup. I chatted briefly with Norman (banking staffer) this morning, but he had to get ready for the markups.
Bradley in DC
07-26-2007, 12:09 PM
Ok, not nearly as exciting as the Bernanke hearing, but the banking cmte markup as resumed.
Johnnybags
07-26-2007, 12:11 PM
Ron probably picked up 300k votes. I predict an emergency FED meeting soon. The charlatans have been lying for years and now Joe Sixpack knows he has been duped.
Bradley in DC
07-26-2007, 12:15 PM
Ron probably picked up 300k votes. I predict an emergency FED meeting soon. The charlatans have been lying for years and now Joe Sixpack knows he has been duped.

Wash Post article on easy money coming to an end:

http://www.washingtonpost.com/wp-dyn/content/article/2007/07/25/AR2007072502436_2.html?referrer=email
bygone
07-26-2007, 12:18 PM
With home prices falling in many parts of the country, millions of subprime borrowers, those with shaky credit histories, are falling behind on their payments and losing their homes. In many cases, their homes are worth less than their loan balances, and with prices down, they cannot sell or refinance their way out of trouble.

Way to state the obvious, lol. When home prices reach a low point, I hope to be buying. I think anyone with their head out of the sand knows this has been coming for some time.
freelance
07-26-2007, 12:23 PM
Holy cow. The market is down over 300 points. Wonder how long until the boys show up to buy their index futures?

Also, true to form, the cabal came to the rescue and bombed gold once again, just for good measure.
Bradley in DC
07-26-2007, 12:30 PM
The committee markup has resumed, 2.30 pm, Eastern.
Syren123
07-26-2007, 12:52 PM
That's some riveting procedure going on there.
Gee
07-26-2007, 01:26 PM
I'm watching, and they are all defending the market :o

Maybe times are a changin'.
Bradley in DC
07-26-2007, 01:26 PM
That's some riveting procedure going on there.

You're government in action.
Bradley in DC
07-26-2007, 01:29 PM
I'm watching, and they are all defending the market :o

Maybe times are a changin'.

No, the Dems and other socialists from coastal districts, keep talking about "market failure" as in, it's not economically sensical to insure people in areas that flood so we need the smarter people who don't live there to subsidize us.
Syren123
07-26-2007, 01:36 PM
No, the Dems and other socialists from coastal districts, keep talking about "market failure" as in, it's not economically sensical to insure people in areas that flood so we need the smarter people who don't live there to subsidize us.

Yeah that's how I heard it.
Gee
07-26-2007, 01:36 PM
No, the Dems and other socialists from coastal districts, keep talking about "market failure" as in, it's not economically sensical to insure people in areas that flood so we need the smarter people who don't live there to subsidize us.
Crap, I guess I tuned in too late, and mostly caught the GOPs talking. Still, many talked some sense. One even criticized federal flood insurance.