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Keillor’s deep thoughts on subprime mortgages explained
Posted: 01 December 2007 11:35 AM   [ Ignore ]  
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A thoroughgoing liberalism rules the Minneapolis Star Tribune from stem to stern with the exception of metro columnist Katherine Kersten—and one

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Posted: 01 December 2007 11:36 AM   [ Ignore ]  [ # 1 ]  
G. Will
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So I should assume that you’re a fan of W. Lance Anderson?

 
 
Posted: 01 December 2007 11:41 AM   [ Ignore ]  [ # 2 ]

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D. Miller
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and The Unholy Trinity of W, Tobacco and Firearms ("What’s the W for? Wolfgang? Whoopee? Weasel? A man who goes by W. Lance is likely to...smoke Kools, and have a gun fetish.").

-that would be me: Glenn “W” Bowen

a) We are smart, unlike you;
b) We are free from greed, unlike like you;
c) Therefore, we must save you from yourselves, by regulating more of your life.

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Obammunism”...

 
 
Posted: 01 December 2007 01:38 PM   [ Ignore ]  [ # 3 ]

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W. Churchill
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So I should assume that you’re a fan of W. Lance Anderson?

Undisguised snark. How pitiful.

I dunno about W. Lance Anderson but I am a HUGE fan of Novastar. They took a chance on me when few others would. I am a subprime success story. And it think that’s the real issue with the left and the mortgage issue.

Many of us got a shot at a better future without the intervention of the government and liberals hate that.

I bought a house that had been empty for a year. I paid 36,000 for it and my neighbors love it. Instead of a broken down eyesore they have another nice home on the way. Without Novastar none of this was possible.

So spare us the snark pattie.

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“...[A]sk yourselves this question: Will they be content in such a state of slavery?Reflect how you are to govern a people who think they ought to be free, and think they are not. Your scheme yields no revenue; it yields nothing by discontent, disorder, disobedience: and such is the state of America, that, after wading up to your eyes in blood, you could only end up just where you begun...”

 
 
Posted: 01 December 2007 01:55 PM   [ Ignore ]  [ # 4 ]

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G. Will
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skipsailing - 01 December 2007 01:38 PM

So I should assume that you’re a fan of W. Lance Anderson?

Undisguised snark. How pitiful.

I dunno about W. Lance Anderson but I am a HUGE fan of Novastar. They took a chance on me when few others would. I am a subprime success story. And it think that’s the real issue with the left and the mortgage issue.

Many of us got a shot at a better future without the intervention of the government and liberals hate that.

I bought a house that had been empty for a year. I paid 36,000 for it and my neighbors love it. Instead of a broken down eyesore they have another nice home on the way. Without Novastar none of this was possible.

So spare us the snark pattie.

Your personal story is nice. Thanks for sharing. You should keep in mind that it was Bill Clinton who suggested that it should be made easier for people like you to get into a house.

But remember “the smartest guys in the room”? Many of them are in the clink now and that’s a good thing. If there are such guys involved in the subprime mess, then it would be good if they too went to the slammer.

 
 
Posted: 01 December 2007 02:24 PM   [ Ignore ]  [ # 5 ]

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The Gipper
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Ahhhhhhhhhhhhh Yes ...

And “the rich get richer”.  That would of course include John ‘The Breck Girl’ Edwards the “US versus THEM guy” who took advantage of poor people in the wake of Hurricane Katrina to invest in a company that pretty much raped homeowners and those wanting to re-build.  BUT, that’s just a niggling little FACT.

Why anyone in their right mind would actually pay money to read anything Garrison Keillor has to say is beyond me.  The guy hasn’t the gravitas of a helium balloon - as he laughs all the way to the bank.

.

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Nov. 4, 2008: The Day The Music Died.

“Bye-bye, miss American pie.”

Oh, and as I watched him on the stage
My hands were clenched in fists of rage.
No angel born in Hell
Could break that Satan’s spell.
And as the flames climbed high into the night
To light the sacrificial rite,
I saw Satan laughing with delight
The day the music died.

 
 
Posted: 01 December 2007 02:57 PM   [ Ignore ]  [ # 6 ]

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Volunteer
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The Liberals never cease searching for perfection from the Nanny State, obliged by fiat to provide Forty Legions of Angels surrounding each citizen protecting them from so much as “dashing their foot against a stone.”
There will be a lot of quivering anal sphincters, and wailing and gnashing of teeth, the day the Islamofascists, the Liberal’s partners in treason, succeed in nuking one or two American cities.
The recent murderer of 170 people in Pakistan, strapped the deadly explosive package to his one year old child whom he carried on his back to better enable him to approach and carry out his intention of assassinating Benazir Bhutto. What will they do to kill Americans, given the chance? Nothing less, for sure.

 
 
Posted: 01 December 2007 03:13 PM   [ Ignore ]  [ # 7 ]

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E. Burke
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Mr. Keillor never let the facts get in the way of a good story.

Prior to Dubya’s arrival in DC, here’s a cursory look at Democra politicians and banking/real estate debacles

1. Whitewater was a failed land deal financed by a bank associated with the Clintons

http://en.wikipedia.org/wiki/Whitewater_scandal

2. The 1980’s S & L debacle was aided and abetted by prominent Democratic House and Senate members

“Mr. Wright, the Speaker of the House, and Mr. Coelho, who was the Democratic whip, were both forced from office last year in part because of their dealings with savings and loan operators.

Donald W. Riegle Jr. of Michigan, the chairman of the Senate Banking Committee, and Dennis Deconcini of Arizona, both Democrats, are two of the five Senators who intervened with Government regulators on behalf of Charles H. Keating Jr., the head of the failed Lincoln Savings and Loan Association.”

http://query.nytimes.com/gst/fullpage.html?res=9C0CE5DE113FF933A15755C0A966958260

Now today of course, Hillary Clinton’s “Karl Rove”, Mark Penn, is the chief media strategist for the nation’s largest subprime lender,
Countrywide Financial

http://dyn.politico.com/printstory.cfm?uuid=720A1DE1-3048-5C12-008CA2A680C0748D

and guess who the favorite recipient of campaign funds from the mortgage industry is .....

http://www.opensecrets.org/industries/recips.asp?Ind=F4600&cycle=2006&recipdetail=s&Mem=Y&sortorder=U

Yep, bankers making bad loans just is a problem only George W. Bush could cause

 
 
Posted: 01 December 2007 03:17 PM   [ Ignore ]  [ # 8 ]

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K. Rove
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The Strib writer nailed most of the key reasons for subprime mortgage problems. Rates skidded low to haul the economy out of a recession; rates couldn’t stay low forever. But the reference to “adjustable” suffices. Could the woebegone Keillor ever write anything that rises to the following?

When you understand this, you understand why the liberal version of the American dream—no worries, free health care and a guaranteed income, among other things—would be like living in your parents’ basement, for life.

Put another way, modern liberalism is exactly like modern art: Ordinary people take one look and say, “Blech,” while its elite defenders say, “You don’t understand—this is better than it looks.”

Liberals still believe that, like Communism, the top-down economic planning of Carter and Clinton didn’t succeed only because it wasn’t given a fair chance. Which is why liberals so desperately want to try, try again to exercise command-and-control over our economy from 2008.

We elect them at our peril.

Much else is worth quoting, but this writer particularly favors the three last paragraphs. That is first-rate writing: it’s not Mark Steyn or George Will, but it’s just as good.

 
 
Posted: 01 December 2007 03:20 PM   [ Ignore ]  [ # 9 ]

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Voter
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Wonder if the latest Gallup Poll, showing Republicans report much better mental health for themselves than do Democrats, has any bearing on attitudes about self reliance and dependance.
Seems all the liberal havens like New York are loaded with neurotic women.

Poll can be found here.  http://www.gallup.com/poll/102943/Republicans-Report-Much-Better-Mental-Health-Than-Others.aspx

The big question is whether liberalism breeds poor mental health, or people with poor mental health seek liberalism.  Whatever the answer it reinforces my view that Democrats are wacko.

 
 
Posted: 01 December 2007 04:11 PM   [ Ignore ]  [ # 10 ]

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G. Will
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Patrick n ABQ - 01 December 2007 01:55 PM

skipsailing - 01 December 2007 01:38 PM
So I should assume that you’re a fan of W. Lance Anderson?

Undisguised snark. How pitiful.

I dunno about W. Lance Anderson but I am a HUGE fan of Novastar. They took a chance on me when few others would. I am a subprime success story. And it think that’s the real issue with the left and the mortgage issue.

Many of us got a shot at a better future without the intervention of the government and liberals hate that.

I bought a house that had been empty for a year. I paid 36,000 for it and my neighbors love it. Instead of a broken down eyesore they have another nice home on the way. Without Novastar none of this was possible.

So spare us the snark pattie.

Your personal story is nice. Thanks for sharing. You should keep in mind that it was Bill Clinton who suggested that it should be made easier for people like you to get into a house.

So, what you’re saying is that the sub-prime mortgage mess is Bill Clinton’s fault?

Or was it only Bill Clinton’s idea when someone has a success story, and Bush’s fault when it’s a failure.

Why are liberals so goddam stupid?

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“Which brings us to a fundamental difference between conservatives and liberals. Conservatives want the freedom to pursue happiness on their own terms. Liberals think they have a right to happiness and that it should be delivered, like a pizza.”
- The “Anti-Keillor”

“(Al Gore) is the climatological equivalent of the imam that tells others to go commit suicide bombings. ”
- Mike C.

 
 
Posted: 01 December 2007 04:13 PM   [ Ignore ]  [ # 11 ]

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G. Will
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Seriously though: The “Anti-Keillor” is nothing short of a brilliant writer. God bless him/her!

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“Which brings us to a fundamental difference between conservatives and liberals. Conservatives want the freedom to pursue happiness on their own terms. Liberals think they have a right to happiness and that it should be delivered, like a pizza.”
- The “Anti-Keillor”

“(Al Gore) is the climatological equivalent of the imam that tells others to go commit suicide bombings. ”
- Mike C.

 
 
Posted: 01 December 2007 05:21 PM   [ Ignore ]  [ # 12 ]

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R. Reagan
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Why are liberals so goddam stupid?

Liberalism is a mental disorder.

We really should call them something more accurately descriptive, though.  Today’s ‘liberals’ in no way respresent classical liberalism; they’re collectivists, totalitarians.

---------------------------------------

Once upon a time, the Federal government (the collectivists, with a smattering of RINOs) took it upon themselves to lambast the banks and mortgage industry about “red-lining” certain folks with bad credit ratings and abysmal employment histories.  The mortgage-makers were accused of racist business practices because a large number of credit-risks were “minorities”.

So the mortgage-makers bent to the threat of further over-regulation by lending to the credit-risky and now they’re being lambasted for duping and taking advantage of the very people with whom they were harrassed into dealing.

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“Under certain circumstances, profanity provides a relief denied even to prayer.” - Mark Twain

 
 
Posted: 01 December 2007 05:43 PM   [ Ignore ]  [ # 13 ]  
Voter
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Actually, I’m pretty sure Garrison Keilor was Eleanor of Aquitane in a past life.

 
 
Posted: 01 December 2007 06:04 PM   [ Ignore ]  [ # 14 ]

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W. F. Buckley
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What the hell could this bug-eyed droning moron know about the economy or financial instruments like mortgages?!
His radio show has never even been funny, so he fails at that, too.

 
 
Posted: 01 December 2007 06:13 PM   [ Ignore ]  [ # 15 ]

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Voter
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Funny thing, I sit in wonder at the story of Garrison Keillor, living the life of the rich and privileged - much of it provided by public broadcasting funds, which has as its source the taxes paid by the very Americans whose middle and lower class incomes he pretends to care about.

Unlike executives who work in the competitive economy and subject to the requirements for disclosure of their income, those who siphon from public coffers have many ways to hide and disguise the generosity of payments through public broadcasting.  Surely, more dough than the plodders and pluggers like the rest of us could ever grasp. 

I myself would never invest my time reading anything from a guy named Garrison.  The very sound suggests Upper East Side snobbery. What kind of name is that, anyway?  Elitists?  Pompous?  Self-absorbed?  A man who goes by Garrison is likely to wear glasses on the bridge of his nose and Johnson Murphy loafers, smoke European cigarettes – albeit only in the company of those with equal or greater SAT scores – and has a fetish for disheveled hair.  Nonetheless, an army of thoughtless automatons routinely laugh and applaud as he holds up for ridicule the heritage and religious practices of Lutherans and small town Americans everywhere – a template that would bring charges of insensitivity to racism were it focused on any other group in America.

According to Gary Gilson, of the Minnesota News Council who claims to have been a classmate of Keillor many years ago, the angry red writer was simply known by one and all as just another Gary.  But that was then and this is now. 

Perhaps it was necessary to invoke the pomposity of such a formal moniker in order to suggest a pedigree not otherwise obvious for a man born in Anoka, Minnesota.  I’d love to have seen the looks on the faces of his high brow Central Park neighbors when they found out that quaint home town was but blocks north of Coon Rapids.  Or, perhaps the perception of dignity thought to accrue from such a formal name as Garrison is intended to distract from the less than dignified habit of taking vows of faithfulness for better or for worse until death do us part – to more than just one women before any such parting takes place.  For those simple folk from Lake Wobegon, it must be a real challenge keeping track of which woman is the current occupant.

It’s what makes people see the real-life man from the make believe town as a buffoon.  He’s no more a buffoon than Al Franken, Bill Moyers, or Bob of Baghdad.  He saw an opportunity to make lots of dough from taxpayer funded public broadcasting and its Democratic supporters in congress, sheltered from the accountability that comes from working in the competitive marketplace, and Lord only knows what promises made in the exchange.  Now, as for decades, it’s the taxpayers left holding the bag.

 
 
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