CHANDLER: The Cloward-Piven strategy

Huh...JHM what a waste of space and my time to read your incoherent rambling below. You didn't refute one point above, but apparently stroked your ego w/ plenty of name calling. Wow.....

Excellent article. It's wasted however on the kool-aid drinkers like JHM below. The socialist left wingers really show what they are when they cannot see the danger of a group like ACORN and the damage they are causing to American's faith in our electoral system. ACORN's extortion methods with lenders were responsible, to a large extent, for the financial meltdown which started with Freddie and Fannie. Obama is also responsible through his affiliation with this group and the FACT that he and Senators Dodd and Clinton led the charge to kill Senate Bill #190 back in 2005 co-sponsored by Senator McCain. Obama and Dodd subsequently became the recipients of huge contributions from Fannie and Freddie. This bill cried out for immediate action on the fraud going on in Fannie and Freddie. Look it up! Please don't be just another kool-aid drinking moveon.org left wing loony.

The financial sector from investment banks to main street banks have taken an awful hit thanks to Liberals and their tactics. Normally this would make bankers realize that the risk of making these bad loans far outweighed the problems they have to put up with as far as the thuggish tactics of ACORN. Some institutions would fail and others would be consumed by their better brethern. But our rush to put in the bail-out package, championed mostly by Democrats helps to ameliorate the consequences. Will the result be no lesson learned? One has to wonder if the bailout is part of the plan.

sorry - not buying the cloward priven bs. for that to be true - a bunch of socialists bringing down the stock market - they'd need to have actual money, brokerage accounts, etc. my guess is nobody could find a smoking gun there in a million years. we're in a panic now - the reverse of a financial bubble (see todays WSJ for details). in a panic, like a bubble, a few people are making money hand over fist while everybody else gets their hat handed to them one way or another. want to know why the markets are crashing? just identify the institutions and hedge funds and speculators who are reporting actual profits. they're also the ones whispering that "so and so is about to fail" ... even when that institution has positive earnings. put the market manipulators behind the false rumors in jail. reinstitute the "short sale on uptick rule". an analogy - we don't let someone "short sell" your house, and then ruin you by allowing him to force you to sell to him at a deflated price. why should we let people sell ANY asset they don't own? whether its houses, stocks, cars, clothing, rice, whatever. "sorry - you can't sell it unless you own it" whats so unfair about that?

Not only is this article spot on, I just finished the latest book by Robert Chandler - "Shadow World." It's a MUST READ for anyone that wants to understand the current political environment. It may be even more important to those who want to know what happened to America six months from now if the current presidential polls prove true. It's available at Amazon.com - check it out!

RACIST LIES! It was the largely unregulated "Investment" banks that underwrote these bad loans which were brokered by independent mortgage brokers to earn COMMISSIONS, that got us into trouble. The true banks like Wachovia, got into trouble by either buying the resulting trash derivatives directly, or buying the companies who held these trash mortgages derivatives. The requirement that LOCAL banks write mortages in the same areas where they recieve bank deposites, has been into effect for decades with ill-effect. Even now, the local banks (like my bank) that made home loans directly as an INVESTMENT, not just to make COMMISSIONS, are doing fine "thank you very much"!