Actually, ‘Republican conservatives’ tend to blame Democratic politicians in Washington for the mess, but you keep telling yourself they’re all blaming ‘the poor’.

Also, please explain to me how lawyers, who basically do little else except research and cut-and-paste, are qualified to comment on market forces. It’s interesting that a ‘lawyer’ really has little of substance to say in ‘refuting’ Frank’s characterization of a law, and talks about ’seeing evidence’ of oversupply three years ago, as if that was some kind of insight. Anybody who reads the Wall Street Journal knew there were going to be problems FIVE years ago, at least (albeit they may not have heeded the warning signs).

It looks to me that at best some 2nd rank doink for a sleazy ‘real estate’ firm (aka, shakedown artists — I received a letter from one recently fishing for claims in my neighborhood (it’s a relatively new development)) really is over his head. I doubt you understand the ‘books’ of a business (or any other basic aspect of business), how supply and demand really works, or probably even much about the regulatory environment in which a developer has to operate, much less about politics, your country, your countrymen, or even your co-workers.

Most lawyers aren’t too bright and are inveterate hacks. You should know that.

But hey, try to impress me with your knowledge of finance and economics. Why don’t you dazzle me with your in-depth knowledge of mortgage-backed securities. Should be a piece of cake for a man of such demonstrable geniosity ….

Then you can next lecture me on how I should run my properties … even though they allowed me to retire at age 38 ….

You NAILED it. The Obama comedy deficit stems from the lack of diversity on the writing staffs. I had never considered that possibility, but I think you’re dead on. The writers on these shows are a big clique of white Harvard frat boys, and NOBODY wants to cross the racial line.

Obviously, this did spur housing activity. But, the problem with the financial markets is based not upon the ability of people to buy larger homes, but on the changes in equity requirements. Those changes were started by the noble desire to help poor people become homeowners (beleiving society was better off when more people had an ownership stake in their neighborhood). As these lower equity requirements seemed to work well, the concept was spread to more and more mortgages. We all are aware of the McMansions that sprang up across the country as the middle class was lured into purchasing larger and larger homes because their downpayment could be leveraged against more debt.

Since, in this year – 2009, there are 800,000 new homes currently under construction, there isn’t much basis to claim that there is an over supply in residential housing. 85% of walk-away foreclosures were primary residences, and these people all are living somewhere (renting) and no-doubt many would prefer homeownership, if possible.

If you think Bush was a competent president, I could see why you would think that.

Does the little guy at 2:27 know anything about 20th century politics? The Nazis and the Commies considered themselves extreme enemies. You shouldn’t get too hung up on the word socialism, little buddy. Not only did they fight against each other in WWII, they also did in Spain. You should read, For Whom the Bell Tolls. The Nazis considered the guy trying to blow up the bridge to be a terrorist.

I didn’t say that. Your opinions are predictable.

“then you tell us that there are several hundred channels to watch if we don’t like late night tv.”

True. I’m just saying if you were God, or a network president, or whatever, my favorite programs would suck.

“What do you think we are doing doofus?”

You don’t want to know. And frankly, what you do with your personal life is your own concern. Judging form your little insult, my guess is you may be trying to suppress some conflicting urges.

“Lefties like yourself like to go where you aren’t challenged and to be in your own comfortable little Liberal world”

Little buddy, are you whacked? I’m here in the lion’s den of bass-ackwards American reactionary politics making jokes and influencing people. Why don’t you come on over to DC Wonkette and see how you make out? (Sorry, I didn’t mean to use suggestive language. I wouldn’t want to be responsible if you went down the mall and killed a few people over your confused identity.)

“For most conservatives it isn’t so we don’t watch. This is the same reason you’ll never see a lefty such as yourself getting their news from Fox.”

Is English a second language for you?

“Why are you so defensive and angry Math Gay?”

Oh, come on, Nazi boy. Give us a kiss.

“Your guy won.”

PRAISE THE LORD