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Sanity -> RE: Why is the Democratic Party worried? (4/10/2010 5:18:20 AM)
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Hey mike, that cherry pick line was a subtle stab at braniac over the way she's constantly using that line as an attack on me as a way to divert attention from the issues I raise. See the second sentence of her last attack on me that you're quoting below for a good example of this.
The difference between my "cherry picking" and Frontlines though, is I use a complete paragraph but trim what I use down due to TOS rules then provide a link to the source, while Frontline used single sentences out of context in an underhanded way of distorting the original intent.
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ORIGINAL: slvemike4u
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ORIGINAL: Sanity
How much of that crap do you expect me to watch?
I can't believe you take Front Line seriously, its hard to believe anybody would. The first clue that they're selling you half truths and lies should have been the spooky music they played in that piece as they showed Greenspans face. What the hell was that? It was like it was straight out of Scooby Doo! That was a hit piece. PBS generally is so far left they're not credible in commenting on anything of a political nature.
They quoted an author who is making money off of a book thats slams Greenspan, which is a blatant conflict of interest. They quote both Joe Nocerna and Timothy O'Brien of the New York Times, which is another notoriously far left organization. They quote Clinton adviser Joseph Stiglitz, who is absolutely on the far left. They play portions of interviews with people they didn't identify.. They cherry pick quotes from Greenspans' own writing and present them out of context, they attack Greenspan through their underhanded attacks on Ayne Rand, they attack him by attacking Ronald Reagan and Libertarian free market ideals...
Contrasting the ghoulish music they played as the presented video of Greenspan Frontline showed a happy, smiling and waving Bill and Hillary Clinton with some very upbeat Fleetwood Mac playing in the background as they apologized for Clinton "being forced" into backing Greenspan...
What utter garbage you watch. [:'(]
Then the way they pumped up Brooksley Born, you would think she was Ghandi.
Pure BS, and nothing at all that addressed the points I made. How about the fact that the Fannie / Freddie subprime scandal was hand delivered to us by Democrats Barney Frank and Chris Dodd as well as Chuck Schumer.
Or that Bush began calling for reigning Fannie and Freddie in as far back as 2001, but congressional Dems continually voted those necessary regulations down in committee. And answer me this, if you don't answer anything else - where do you think the evil subprime securities originated?
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ORIGINAL: brainiacsub
Thomas, Alan Greenspan was one of the architects of the financial sector collapse. You are cherry picking your information again. No one is denying that subprime mortgages were part of the problem, but they were not the cause of the financial meltdown. They were only the trigger. It was the unregulated trading of the derivatives market - derivatives based on subprime mortgages that caused the collapse. Alan Greenspan was warned of this back in the mid 90's by a lady named Brook Burn who wanted derivatives trading regulated. He testified in front of Congress that she was wrong and that free markets did not need to be regulated as greed could not exist in this model. When the markets collapsed, Greenspan testified in front of Congress again (Nov 08) and proclaimed that his worldview of free market economics was wrong and that in hindsight the derivatives market should have been regulated and in doing so would have prevented the collapse. You can find his testimony and a detailed discussion of the collapse here:
http://www.pbs.org/wgbh/pages/frontline/warning/?utm_campaign=homepage&utm_medium=proglist&utm_source=proglist
I'm so glad you take his word over mine. I doubt you'll watch this program, but please have your facts straight before you try to engage me in this type of conversation.
edited to add this, a quote from your article:
"He said the selling of the soaring number of subprime mortgages in securities to investors was the trigger for the financial crisis."
This article, in it's entirety, supports my assertion, not yours. I can't believe we are reading the same article.
Wow sanity.they actually "cherry picked" quotes from his own writing.The bastards...what they obviously should have done was just present Greenspans writing in all its monotone glory....all of it unedited and as is !
Are you this critical of sources,broadcasts and fat radio hosts when their ideology suits your preconcieved beleifs?
Don't bother answering...we both know I don't beleive a word you type.
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