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« Funny Money, Fraudclosure And The Fed | Main | Obama With Jon Stewart (VIDEO) »
Thursday
Oct282010

When The Big Banks Come Crawling Back, Screw 'Em! Talking Points for the Anti-Bank Bailout Revolution

When The Big Banks Come Crawling Back, Screw 'Em!  Punish The Bondholders Mercilessly, Sack Management Teams, And Prosecute For Fraud!

Talking Points for the Anti-Bank Bailout Revolution

Don't get slapped in the face by the irony.

As you find yourself rooting against the banks, be prepared when the too-big-to-fails come begging for taxpayer help, because as we've been warning, a hastened request for TARP v. 2.0 is on the way.  So let's see if we can get everyone following the same playbook before it happens.

This is the issue we need to remain aware of - the more banks suffer from mortgage putbacks and foreclosure fraud, the more likely it becomes that a second round of taxpayer assistance is requested next year by Geithner's replacement at Treasury.  Chris Whalen has been warning for weeks -- here, here, and here -- that 2011 will bring another round of bank bailouts.

  • The strategy is simple, and we've been screaming along these lines since we launched.  Punish the bondholders, sack managements, turn operations over to the FDIC, investigate fraud and prosecute.

Bill Black argued -- here and here -- that even our largest banks, that's you Citigroup (nyse:C), and Bank of America (nyse:BAC), could be successfully placed into government receivership, the same as Sheila Bair does for a half-dozen smaller banks every weekend.

  • Bill Black says that the FASB 157 Hour Of Power, and delusion, is over.  Banks are still insolvent, and the Federal Reserve is complicit in the delusion due to massive MBS holdings.  Put the banks with the most fraud into government receivership. 
  • "Foreclosure fraud is the only thing standing between banks and Armageddon.  The financial media treats Bank of America as if it were a legitimate bank rather than a "vector" spreading the mortgage fraud epidemic throughout much of the Western world."

Speaking of Sheila, she laid out a proposal just last week calling for bank bondholders to be punished in future bailouts.

And Janet Tavakoli made the argument in detail, before anyone else:

Joe Nocera recognized the irony earlier this week in the NYT:

I admit it: I want to see the banks feel some pain.  Most people do, I think.  Banks did terrible things during the subprime bubble, and they still haven’t paid any real price.  I find myself rooting for judges to rule against banks in foreclosure cases.  I would love to see these big investors put the serious hurt on Bank of America, which will encourage other investors to pile on.  I know this colors my thinking.  I can’t help it.

Yet I also know the flip side.  If the foreclosure lawyers start winning a lot of cases, if judges halt foreclosures on a widespread basis, if investors start to extract billions upon billions of dollars from the banks — and if banks become seriously weakened as a result — we’ll be right back where we were two years ago.  The banks will need to be saved for the good of the economy.  The taxpayers will have to come to the rescue.  That’s an appalling prospect too.

Here's more evidence:

Willem Buiter says bank bondholders must be held accountable - CNBC interview.  Not sure how he feels now that he works at Citigroup.

And Arthur Levitt says:

So the choice is simple - wait for the inevitable and get another Wall Street bailout jammed down your throat, or prepare wisely by circulating these basic talking points:

  • Punish the bondholders, sack managements, turn operations over to the FDIC, investigate fraud, find the balance-sheet bombs, then prosecute.

##

More proof that another bailout mind warp is on its way...

Watch this.  Clip runs 30 seconds.  Seminal quote.

  • "We can either have a rational resolution to the foreclosure crisis or we can preserve the capital structure of the banks.  We can't do both."

Let me repeat myself from above:

So the choice is simple - wait for the inevitable and get another Wall Street bailout jammed down your throat, or prepare wisely by circulating these basic talking points:

  • Punish the bondholders, sack managements, turn operations over to the FDIC, investigate fraud, find the balance-sheet bombs, then prosecute.

Repeat it over and over.  It's even kinda catchy.

 

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Reader Comments (87)

Henry Blodget and Joe Weisenthal just ran with my story...

http://www.businessinsider.com/anti-bank-bailout-revolution-2010-10

You might want to follow the comments over there...
Oct 28, 2010 at 8:24 AM | Registered CommenterDailyBail
Outstanding post, DB, tight as a glove.

As for Business Insider, or Clusterstock, their excellent content is frequently marred by partisan nonsense in the comments. IMO.
Oct 28, 2010 at 8:59 AM | Unregistered CommenterCheyenne
thanks cheyenne...

and you're right about clusterstock...it probably won't even generate much commentary b/c most agree with it...nothing too controversial...somebody read it and posted it as a front-page story on daily paul...

http://www.dailypaul.com/node/147792
Oct 28, 2010 at 9:07 AM | Registered CommenterDailyBail
such a necessary, timely piece. glad to see that it's making its way across the web. and what fun to read a stand-alone piece by the man behind The Bail.

ok, just so i've got this straight--

Punish the bondholders, sack managements, turn operations over to the FDIC, investigate fraud, find the balance-sheet bombs, then prosecute.

alright, got it.
Oct 28, 2010 at 10:21 AM | Registered CommenterDr. Pitchfork
i sent it to bill black, chris whalen, janet t., and sheila bair...or at least to someone at the fdic info address
Oct 28, 2010 at 10:39 AM | Registered CommenterDailyBail
also sent it to ratigan and he retweeted it to his 16,000 followers...
Oct 28, 2010 at 10:40 AM | Registered CommenterDailyBail
Great stuff, DB! keep up the fight...this is not over...and I am reminded of this interview from CNBC from summer '09 from BR's site:

http://www.ritholtz.com/blog/2009/07/unwinding-lehman-brothers/
Oct 28, 2010 at 1:33 PM | Unregistered Commenterjosie
All the flap about foreclosure documentation is just a misdirection, a distraction a diversion, FOLLOW THE MONEY!!!!!!!!!!!!
The only ones writing articles about how awful it will be to stop foreclosures are those who will profit from rapid foreclosure. Come on people, this is not rocket science!
The only “cure” is to keep people in their homes whenever possible. HAMP and HAFA are a joke!
The reason we are NOT coming out of this is because too much money is being made by keeping us in this horrible situation. There are too many greedy, unethical, unscrupulous people and entities taking advantage of destroying the American public with their easy access to our children’s children tax dollars.

Why is no one telling the truth about what the banks are doing? Basically they are using taxpayer money to destroy taxpayers. Why would they foreclose on a house and then sell it at a very deep discount to some investor group? Because the american taxpay is paying for their "loss". So much faster and easier then a short sale or, heaven forbid, a loan modification. Wells Fargo is making everyone a tenant and Wells Fargo is holding on to some foreclosed homes and renting them out. Talk about creating an income stream.

All this may be hard to follow - can you say creative accounting? But someone must follow the money and tell the public the truth. If not you - who? The way the banks have operated has destroyed the middle class by destroying real estate values.

What happens when you combine ignorance, arrogance and power? You get our current government - the ones who made all this possible. Yes, they have spread the wealth around - more to their rich cronies taken from the average american and their grandchildren.

This has got to stop, the truth needs to be told and some people really need to go to jail!!!!!

What are the banks doing?

Some things to consider:

Lenders get SOO much more money when they foreclose than when they modify.

Lenders will do "temporary modifications" then decide the modification isn't good enough and proceed to foreclosure.

Federal programs suggest 31% of gross income for a modification, but the banks are quick to say that that will not work.

The banks are making a show of looking like they are working within federal guidelines, but all they really want is (taxpayer) funds from the fed to satisfy their greed. With their short sighted (take the money and run) attitude, they are (have) destroying property values.

When talking about anti-deficiency and "moral obligation", please consider the following:

1. How many homes did the banks foreclose on in May before HAFA rules went into effect? They forelclosed on all the listings I had without considering if they were in escrow.

2. How much money do the banks get from TARP, FDIC, the US Treasury, Mortgage Insurance, default insurance etc? Most of which is taxpayer money.

3. I do not know if the banks are trying to get back us for what NAR did to them in Washington, but they do seem to be determined to put Realtors(R) out of business and do not stop to think of what a basis of the entire economy real estate and construction are. The snow ball effect has been devastating.

4. What moral obligation do individuals have to banks who with their greed and short sightedness have destroyed home values. By the way, I have heard that when the banks do foreclose their "loss" is covered based on the original loan amount, not the 60 cents on the dollar they probably "paid" (with taxpayer dollars)
for the loan.

Example:

In 2003 my 25 year neighbor was killed in an auto accident while visiting relatives in India. In 2004 one of her adult sons listed it with a friend of his and sold it for $155,000.

My new neighbors, when the market sky rocketed, refi'd with a 1st and 2nd to the tune of almost $300,000 in 2006. . Note: the appraisal used to do the refi was based on houses just west of 51st Ave and there were plenty of comps available closer, but would not have supported such a value - well over $300,000. The husband lost his job in 2007, however, the wife still did have an excellent job. They called me in April of 2007 wanting me to list it for $300,000. When I told them that they would never get a legitimate appraisal for that amount, they listed it with someone else for $289,000. I think it was in Sept of 2007 when a short sale offer of $230,000 was received and rejected by Wells Fargo. My neighbors moved out and Wells foreclosed in April of 2008. Wells listed it in August 2008 for $150,000, but by that time the house, yard, and pool were a mess. Wells cancelled the listing in Jan 2009, spent $20,000 to $30,000 to fix it up and rented it out for just under $900/mo. Note: the property managers are licensed, but are not Realtors and the rental was never on MLS. So I guess being a landlord is Wells Fargo's new business model.
You know what this fiasco did to the value of my house and the houses of my other neighbors.
What a racket! The banks (and investors) are “creating tenants” and then becoming landlords.

The banks and their investors are responsible for destroying house values and the ability of so many to make their mortgage payments - remember the snow ball effect. That is like contracting with someone to do home repairs, denying them access and then suing them for not getting the job done

Additional things to be aware of:

1. Short sale approvals would take so long that buyers were lost and values continued to fall. All kinds of excuses for the delays were heard, blame was shuffled around - it's the asset manager, it's the investor etc.,. Bottom line, the damage has gone on and on and the banks want us to feel sorry for them.

2. The banks lie about receiving necessary paperwork regarding short sales or modifications even when we have multiple confirmations of receipt. It is so obvious that foreclosure is their ultimate goal.

3. Some foreclosures have actually been rescinded because of the lack of communication amongst bank employees. However, I do not know of any that were rescinded without the owner or the owners agent getting an attorney involved.

4. The banks are calling owners who are late on their mortgage 11, 12 times a day - 8am to 8pm. Some calls only minutes apart even if the owner has already talked to someone from the bank that day. Most of the calls are from overseas with people who can hardly speak English (or Spanish) and homeowners have to ask (and wait) to talk to someone in the United States.

5. Also, the all state AG's offices and probably the state Real Estate Commissioners should look at the contracts that real estate brokers must sign to list bank REOs

6. AGs should also look at the relationship between the banks (their employees?) and those who buy homes at auction sales or from the banks after the auction sale, but before a real offer to sell to the general public.

The amount of fraud, graft and corruption that could be involved is mind boggling.


M L Miller, Realtor ®
Oct 28, 2010 at 2:09 PM | Unregistered CommenterM L Miller
$100 Billion a month for the next 15 months for the banks, WTF AM I MISSING?

When the banks come crawling back? That doesn't make any sense. They have crawled and the Fed is now trying to find out how much they want and what impact that will have on their cartel business and the economy.

Run for the hills and protect your savings from inflation.
Oct 28, 2010 at 3:48 PM | Unregistered CommenterZ
Z--

I'm inclined to agree that the next bailout would come from Fed, not Treasury. However, it's hard to miss the TARP-money-got-paid-back agenda being pushed by TV puppets. I wouldn't dismiss the possibility of TARP 2 so quickly.

Regardless, how are you protecting your own savings? (Normally I'd never ask, but you opened the door.)
Oct 28, 2010 at 7:32 PM | Unregistered CommenterCheyenne
Cheyenne...

The next bailout is already here was my point. While DB has been hitting the mortgage fraud topic day in and day out he has mostly ignored the Fed's plans to pump in as much as another $1.5 trillion (QE2 & 3) into the banks. The markets reacted to this news almost two weeks ago. The news has been out since early October. The Fed released the minutes of their last meeting on October 12th but the stock market in-the-knows reacted a week before that release. Again, I don't know why this isn't big news here. Okay, I do know why but really don't get it. We have also found out recently that the Treasury and the Fed are lying their asses off on what they are doing and when they are doing it. Also, Obama has convinced the ignorant masses that the Treasury bailouts have been a success and ignores what the Fed is doing and has done. Obama doesn’t even realize the Fed’s debt is the American people’s debt. I know he doesn’t understand what the Fed is doing because if he did he would get rid of Volcker and try like Kennedy did to end the Fed. Obama is a plant so he has no intention of not following the orders he has been given.

To answer your question, Jim Rogers Jim Rogers Jim Rogers.
Oct 28, 2010 at 8:10 PM | Unregistered CommenterZ
Well, I haven't bought a farm yet but I have done just about everything else he advises.
Oct 28, 2010 at 8:12 PM | Unregistered CommenterZ
Another good example of how Obamacare will be managed...

$8 billion spent, no records kept

http://www.wnd.com/index.php?fa=PAGE.view&pageId=220189
Oct 28, 2010 at 8:26 PM | Unregistered CommenterZ
Speech
Chairman Ben S. Bernanke
At the Federal Reserve Bank of Atlanta Financial Markets Conference, Sea Island, Georgia (via satellite)
Chairman Bernanke presented identical remarks to the Risk Transfer Mechanisms and Financial Stability Workshop, Basel, Switzerland, on May 29, 2008 (via videoconference)
May 13, 2008
Liquidity Provision by the Federal Reserve

http://www.federalreserve.gov/newsevents/speech/bernanke20080513.htm
Oct 28, 2010 at 8:41 PM | Unregistered CommenterZ
Z--

I couldn't afford a real farm. I'm a lawyer, not a banker. Now, a 4-acre spread in a farm community, yeah. That I already did. I'm now tight with some farmers, which will have to suffice.

You're obviously very aware of MSM biases, so let me ask: what exactly is behind the push to spin TARP as a success?

Love Jim Rogers, btw.
Oct 28, 2010 at 8:44 PM | Unregistered CommenterCheyenne
What exactly is behind the push to spin TARP as a success?

Spin is behind the spin.

To hide...REALITY

,,,a real unemployment rate of 17.5%
...the Fed's growing balance sheet
...the Fed buying Bonds and Bad Loans
...the Zombie Banks
...the Disaster that is Obamacare (rising rates)
...Obama's failed war policies
...Obama unconstitutional Presidency
...Obama's team jumping ship to save face

I could go on and on and on...Obama is a disaster.
Oct 28, 2010 at 9:06 PM | Unregistered CommenterZ
Z--

One other thing. DB is right to hammer fraudclosure. It's an enormous fraud that has put millions of Americans in the streets--due to the most massive crime you can imagine. I've explained this before and am happy to do so again if you'd like. If there's ever been an issue that could annihilate it all--a red button if you will--this is the one.

Why?

Because the banks are on the wrong side of the law here, way way way way way on the wrong side. To the tune of, well, 60+MM homes, i.e., the entire economy.

So something's gonna give here, my brother, and it ain't gonna look or smell good either way.

I keep 10 gallons of stored in my condo, just so I can always drive to Green Acres regardless of the gas level in my rig, dig? You got any hedges to share?
Oct 28, 2010 at 9:14 PM | Unregistered CommenterCheyenne
Z--

You give Obama far too much credit. His brain stops at the stem. My question is whence the sudden and rather violent push of TARP as a success? This is a strategy question, not a policy question.
Oct 28, 2010 at 9:22 PM | Unregistered CommenterCheyenne
I think that "fraudclosure" as you call it is way overblown. I don't buy it. It is way too convenient for Obama and the Fed. They needed a delay and, hmmmm, they get one. I don't believe in coincidences.

http://www.washingtontimes.com/news/2010/oct/7/savage-conservatism/

"Trickle Up Poverty: Stopping Obama's Attack on Our Borders, Economy and Security," published by Harper Collins, is a conservative cri de coeur - a passionate manifesto aimed at exposing Mr. Obama's radical socialist agenda. According to Mr. Savage, the president is a leftist adolescent, a narcissist whose megalomania and grand designs threaten to destroy traditional America: "President Obama is like a destructive child who takes apart a priceless watch that was carefully passed down to him," he writes. "Without regard for the value of what he holds, he recklessly scatters the pieces on the floor and then can't put them back together again."
Oct 28, 2010 at 9:24 PM | Unregistered CommenterZ
If you want bigger answers to your question (than Obama), that is easy...

Group of Thirty (Volcker is the Chairman)

Financial Reform: A Framework for Financial Stability
http://www.group30.org/pubs/pub_1460.htm

You can read it by downloading the PDF Report...

The Group of Thirty is the thinktank and policy foot soldiers (those that want their names known - check out the members) for the Central Bank Cartel.

p.s. DB does not believe in the Group of Thirty or its importance to managing this staged crisis to achieve the Central Bank Cartel's goals.
Oct 28, 2010 at 9:31 PM | Unregistered CommenterZ
Cheyenne,

The "TARP was great!" push is because of the elections and to mitigate somewhat teamObama's failures. Plus, dipshits like Geithner and Rattner actually believe it.

Even more so, there's a whole segment of the population (MSM journalists) who have no background in or knowledge of finance and banking. Those people are easy prey. Scratch. Those people are EAGER to serve. They have been conditioned their whole lives, from kindergarten to Harvard to CSJ, to believe in institutions and the tools who run them. Imagining a world in which the Tim Geithners are actual morons is a mind-freak for them. It's just inconceivable to them that mere bloggers (who may or may not have gone to Harvard) would be right and the Geithners and Bernankes wrong.
Oct 28, 2010 at 9:54 PM | Registered CommenterDr. Pitchfork
Or as Gomp would say, journalists are herd animals. Baaaah.
Oct 28, 2010 at 9:56 PM | Registered CommenterDr. Pitchfork
Just remember:

Punish the bondholders, sack managements, turn operations over to the FDIC, investigate fraud, find the balance-sheet bombs, then prosecute.

And one more thing -- don't forget to prosecute.
Oct 28, 2010 at 10:04 PM | Registered CommenterDr. Pitchfork
z...do a search for qe2...i've written a dozen stories on QE and why it will fail...all in the past 3 weeks...
Oct 28, 2010 at 10:10 PM | Registered CommenterDailyBail
This has got to stop, the truth needs to be told and some people really need to go to jail!!!!!

But we all know, that will neaver happen. In 80 years, the bad guy neaver gets to see a judge.

& "Z" Yr hot tonight, my friend. So many "At-a-Boy's" reading down this thread tonight. I posted earlyer tonight whats realy going on behind the "Goverment-Black-Curtian" and it will make yr Blood Boil, trust me.

They are all in on this, all of them. Its like the tom cat that made his way up a 45' phone pole in Ca. a few years ago. He had no whAre to go-&-no way to get down.................till a nice man with a pole-truck came and got him down.

Well folks, were not going to get down like the "Tom Cat" did.................Were Fufked, this time. ThAre all in on this, and were the last to find out about it.
Oct 28, 2010 at 10:27 PM | Unregistered CommenterTexas Dar
But T...I support the TParty...especially the one run by Michele Bachmann.
Oct 28, 2010 at 10:35 PM | Unregistered CommenterZ
Speaking of herd animals, did you hear about this wanna-be Tea Party guy named Judson Phillips? Apparently he sent an email saying that Keith Ellison (D-MN) should be kicked out of Congress because he's too liberal and a Muslim. Wha???
http://news.yahoo.com/s/yblog_upshot/20101028/el_yblog_upshot/tea-party-founder-defends-attack-on-congressmans-muslim-faith

How about kicking his dumb ass out for voting for TARP. (And Obamacare.)
http://clerk.house.gov/evs/2008/roll681.xml

I swear, these idiots need to stop screwing up the Tea Party over their little pet issues.
Oct 28, 2010 at 10:41 PM | Registered CommenterDr. Pitchfork
Dr. P...It's a big tent or many umbrellas under a big tent.
Oct 28, 2010 at 10:44 PM | Unregistered CommenterZ
Dr. P...Did you vote for Obama?
Oct 28, 2010 at 10:45 PM | Unregistered CommenterZ
DB...I had to ask Dr. Pepper...to lift another one of truth's protective layers.
Oct 28, 2010 at 10:46 PM | Unregistered CommenterZ
Z, at least Bachmann voted NO on TARP, but she also thinks Jesus wanted us to invade Iraq. Or is that Sarah Palin? Maybe both.
Oct 28, 2010 at 10:47 PM | Registered CommenterDr. Pitchfork
Z, only elephants like to hang out under tents. We don't need a friggin' tent. Do you not see how easily you start using GOP-speak? You know the "big tent" -- neo-coons, born agains, rockefellers...there's room for everybody under the "big tent." Well, news flash, but neither the Tea Party nor the The Daily Bail got started in order to put Republicans back in office.
Oct 28, 2010 at 10:54 PM | Registered CommenterDr. Pitchfork
Oct 28, 2010 at 10:55 PM | Unregistered CommenterZ
Some would call it a melting pot...http://www.youtube.com/watch?v=32l3sTFRFX8
Oct 28, 2010 at 11:00 PM | Unregistered CommenterZ
Z, what does that mean? It's just some stupid keep-the-sheeple-in-line movie. Unless Geithner is the Jack Nicholson character. Then it makes sense.
Oct 28, 2010 at 11:01 PM | Registered CommenterDr. Pitchfork
But T...I support the TParty...especially the one run by Michele Bachmann.

Guys, please read my post..............OK, I'll find it and re-post it.........................WTF, You gota see it from the inside. The Tea Party is just a bunch of Zoombies, stoled by G Soros, and shifting the votes to the Dems.......................
Oct 28, 2010 at 11:03 PM | Unregistered CommenterTexas Dar
This is going to keep both of you guys up for many, many nights. I hope im the first to bring this info "Shit" to ya's, Tex

NOT ONE TIME HAVE YOU HEARD "STOP THE LOOTING AND START PROSECUTING"

Both political parties are equally-guilty in the **** of this nation's citizens. You have been stripped to the bone. The evidence is right in front of you. 60 Minutes did a segment tonight on the true spectre of unemployment and underemployment - people going from $70,000 a year jobs to making $15 a day scrounging in trash cans.
...
http://market-ticker.org/akcs-www?singlepost=2229299
Oct 28, 2010 at 11:03 PM | Unregistered CommenterTexas Dar
To The Tea Party: Go Screw Yourself

Free Markets: A free market is the economic consequence of personal liberty. The founders believed that personal and economic freedom were indivisible, as do we. Our current government's interference distorts the free market and inhibits the pursuit of individual and economic liberty. Therefore, we support a return to the free market principles on which this nation was founded and oppose government intervention into the operations of private business.
--
Notice what's missing from this mission statement and principles: Any mention of why I and others led people to mail tea bags to Congress and our President in the first place: rampant theft of over taxpayer money propping up FAILED private businesses.

Then look at what's over at TeaParty.Org: you'll find the usual pablum. Guns, gays, God.
http://market-ticker.org/akcs-www?singlepost=2222649
Oct 28, 2010 at 11:04 PM | Unregistered CommenterTexas Dar
TDar...That's a new one...Soros is behind the Tea Party...did he also pick Sarah Palin for McCain's VP?
Oct 28, 2010 at 11:05 PM | Unregistered CommenterZ
WTF More can I find for ya's. this is what it is............were Fucked, guys.................they got us. Only thing we can do now is prepar for the worst. we will see it in 2-4 years.

Histroy tels us how the last card falls. We have 100 cards in front of us, yeat to fall. Goverment Greed has brought us to the end of the road. Are you ready.......................
Oct 28, 2010 at 11:08 PM | Unregistered CommenterTexas Dar
Dr. Pepper...Did you or did you not (order the code red) vote for Obama?
Oct 28, 2010 at 11:08 PM | Unregistered CommenterZ
TDar...That's a new one...Soros is behind the Tea Party...did he also pick Sarah Palin for McCain's VP?

You too, do not read my shit.........do ya.......? GS knows that to gain power you need to join the other side to control both sides. YES, He is in control.................

Who in Hell, do you think the TPE, gets their money from to spread their word...............? If the Dems cand steal the votes, GS will still have control of the Reb. and keep his agenda going. He controls both sides my friemd.

Geeeeeeeeeeee, guess you dident take the time to read "Who Pulls Obamas Strings, I posted here 5-6 weeks ago,,,,,,did ya..........?

At least read my post about the frickkkkkkin tea party post, you'll learn something new tonight. Were "Fucked".....................!
Oct 28, 2010 at 11:13 PM | Unregistered CommenterTexas Dar
TDar...Use the king's english and I may be able to read some of it...
Oct 28, 2010 at 11:17 PM | Unregistered CommenterZ
z.i don't know who pitchfork voted for...but i resent the tone of the question...you think that it's a mark of shame to have voted for obiden over mcpalin...as we've explained to you many time, many of us disliked mcpalin and obiden...mcpalin was a horrible candidate...obiden was also a horrible candidate...it was like a choice between kissing your sister and hugging your cousin...all 4 were lame...

and just so there's no confusion next time...Vote Ron Paul!
Oct 28, 2010 at 11:18 PM | Registered CommenterDailyBail
I would guess that a Ron Paul Republican would vote for McCain but I don't know for sure so I am asking...I have no shame saying that I voted for McCain.
Oct 28, 2010 at 11:21 PM | Unregistered CommenterZ
And..........................................so WTF, this is nothing new. He is not able to hold the seat, and most of us know that. Bring something to the post.............Please take the time to read my post, "Sweethart", you will learn something new.

Its not that its new, They All Are In On IT. were the last to find out. I dont evan know where I found this shit, but its the piece were all looking for. It tells us, like my friend Bruce from KTAO, Knows. But we need to try on Nov.2nd.

Reamber Z, Its not over till the last American is Dead............................!
Oct 28, 2010 at 11:28 PM | Unregistered CommenterTexas Dar
It was Matt Damon's tone that was strange...

http://www.youtube.com/watch?v=ywGFBTFrKas

Yes, my favorite Youtube video of all time.
Oct 28, 2010 at 11:30 PM | Unregistered CommenterZ
i really should be writing stories...but let's play a game...

Life under mcpalin...

Huge Stimulus...probably not $800 billion like obiden but at least $500 billion...

War Spending...worse under mcpalin...stupid john would never leave iraq...

Assault on our Personal Liberties, etc...NO difference...

Deficits...like i said $300 billion less in stimulus, but more for the wars...in the end, not much difference...

Health Care...the only bright spot of mcpalin...by default...the curent system sucks...but the obiden system will be worse...so mcpalin wins this category...

In the end, very little difference between the candidates...pretty much a wash...
Oct 28, 2010 at 11:31 PM | Registered CommenterDailyBail

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