I don't think Palin will be wearing an earpiece for the debates, I've watched some youtube footage of her debating when she was running for govenor etc and yeah she can kinda hold her own, so it will be interesting to see what happens tomorrow night. I'll have to watch it when I get back from my golf tournament.
On a side note... looks like the conservatives want to blame the minorities for the financial crisis....
Conservatives Seek To Shift Blame For Crisis Onto Minority Housing Law
Blame for the current economic crisis has been laid on many doorsteps, including the
Gramm-Leach-Bliley Financial Services Modernization Act of 1999;
credit default swaps;
hedge funds; the
Commodity Futures Modernization Act of 2000;
Alan Greenspan; and
Phil and Wendy Gramm.
But it has fallen to right-wing pundit Ann Coulter to blaze a truly simple path through the maze of credit derivatives, collateralized loan obligations, tranches, securitization transactions, and Thomson Financial League Tables.
This gentle lady
spells out the source and origin of the current economic crisis:
"THEY GAVE YOUR MORTGAGE TO A LESS QUALIFIED MINORITY!"
Coulter is putting forward an argument popular (who could be surprised?) among besieged conservatives, that "social engineering" is the root cause of the current economic crisis -- in the form of a 31-year-old law passed during the Carter administration by a Democratic Congress, the
Community Reinvestment Act of 1977, "intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods, consistent with safe and sound operations."
In Coulter's words, traditional yardsticks of a mortgage applicant's ability to make payments were replaced with "nontraditional measures of credit-worthiness, such as having a good jump shot or having a missing child named 'Caylee';" the result, Coulter continues, is that "middle-class taxpayers are going to be forced to bail out the Democrats' two most important constituent groups: rich Wall Street bankers and welfare recipients."
To make sure her meaning is clear, Coulter echoes a line from the famous anti-affirmative action "
White Hands" commercial Jesse Helms used in his 1990 campaign against black challenger Harvey Gantt. The ad shows a pair of white hands crumpling a job rejection slip as the voiceover intones, "You needed that job, you were the best qualified. But they have to give it to a minority because of a racial quota."
Coulter is in the forefront of a concerted drive to shift the partisan consequences of the collapse on Wall Street from helping Democrats to favoring the GOP. To this end, conservatives have initiated a racially explosive argument, shifting the blame for the current economic crisis to legislation designed up improve access to mortgage financing for African Americans, other minorities and residents of low-income neighborhoods generally.
Huffingtonpost Link
:bugeyed
and ahhh No Coulter!!... it is not the minorities fault that corporate greed exists....
I put this all down to laziness... instead of doing the research and providing an affordable option to people looking for loans... banks just go "oh you can apply for the following loans".
Granted there should be a level of responsiblity by the people applying for a loan in at least trying to get something that suits their needs (not wants) and something that they can actually afford.
The truth is there is a lot of people especially those who are less educated on economics/finances (myself included :lol: ) that rely on the banks to give them the right advice. I still think there should be a level of responsibility by bankers to ensure that they are providing a service and not just trying to fill their own pockets.