Xbox Live, Zune services down today

re: Xbox Live, Zune services down today

Dipsh t Admin — Tue, 30 Sep 2008 18:20:25 GMT

Damn Mike, no room for your ego and John's in the same place. It is totally partisan to believe that the blame can't be spread around evenly. Show us where the Dems tried to do something that would have prevented this. You won't be able to. I only brought up the NYT article since they are very known for their left-leaning reporting, and they saw the problems with the plan a long time ago.

However, tayme is right about personal responsibility. Everyone who was involved got themselves in to this mess. It's a common story, and one that will repeat itself in the future. Pure stupidity, blinded by greed.

re: Xbox Live, Zune services down today

subzerohitman721 — Tue, 30 Sep 2008 18:13:15 GMT

@Sacred Cow,

I don't believe government isn't the answer for everything, however I do believe government action is necessary before the credit markets completely freeze up. Ron Paul is partially right, but deconstructing the Federal Reserve system is wrong and I completely disagree with Congressman Paul on this point.

The conservatives always cry let the free markets work with out government interfering. They've had that for 7 and half years and look where we are. Its clear that the markets, Wall-Street, and Washington is hopeless broken. However, just standing around and walking into the next recession or depression is not the answer. I think this attitude of just let these institutions fall is completely flat wrong. It will lead to a colapse of the credit system, job losses, and a greater tragedy.

The reason we are living beyond our means is because of the Republican philosophy of the Ownership Society. They deregulate and allow these chief financial officers of businesses to have insane salaries. They don't offer any oversight or regulation to provide check and balances on the financial system. I think the last 8 years are proof that tricke down, no regulation economics DOES NOT WORK! I'm not happy with bailing out these banks, but leaving them with these toxic mortgages is not the solution. Instead of no action, which is what happened in 1929, we need to act like FDR did in 1933. We saw this from 1929-1933, when President Herbert Hover didn't do anything sustantive to fix the economic situation. All of the people screaming no bailout, are ignorant of history and what happened when we let institutions fall. They are ignorant of what happened when government let the market correct itself. It can't. The situation has gone too far. We need some sort of goverment action, regulation, oversight, and checks with balances to rebuild the financials in a responsible way. So with all due respect, I disagree with you 110%. I will let history educate and remind you of what happens when the ignorance of mainstreet and Republican philosophy interferes with what should be done.

re: Xbox Live, Zune services down today

shark47 — Tue, 30 Sep 2008 16:34:38 GMT

SacredCow,

That was a funny clip. To be fair, I don't think many people around here change their opinions. Everyone thinks he/she is right. Something like this:

www.youtube.com/watch

re: Xbox Live, Zune services down today

SacredCow — Tue, 30 Sep 2008 16:14:51 GMT

Mike, just STFU. It's Democrat and Republicans fault were in this mess. Stop acting like your party is perfect, they're far from it.

Liberals disgust me.

re: Xbox Live, Zune services down today

SacredCow — Tue, 30 Sep 2008 16:12:57 GMT

@Tayme

This clip reminds me of Mike because it's so true.

www.youtube.com/watch

re: Xbox Live, Zune services down today

mikegalos@msn.com — Tue, 30 Sep 2008 16:00:25 GMT

tayme

"You are like a spoiled little kid that has to get the last word in, right or wrong and will NEVER admit when he is wrong."

Let's see. Who is it who dropped to name calling and personal attack when disagreed with rather than discuss an issue? Oh, right...

re: Xbox Live, Zune services down today

tayme — Tue, 30 Sep 2008 15:53:04 GMT

@Mike - Normal response for you. Get over yourself. You are such an @$$. And no, I am not resorting to name calling. I am stating a fact. You are like a spoiled little kid that has to get the last word in, right or wrong and will NEVER admit when he is wrong. Enjoy your sad little life.

--tayme

re: Xbox Live, Zune services down today

mikegalos@msn.com — Tue, 30 Sep 2008 15:51:54 GMT

Seriously

It was a bit pathetic for the GOP to say about 9/11, "We've only been in office for 1/6th of a term so despite being warned about this by the transition team and every intellegence agency, it's not our fault" but to say about the financial crisis, "We've only been in office for 1.9 terms so it's not our fault" is probably a new record for pathetic.

re: Xbox Live, Zune services down today

mikegalos@msn.com — Tue, 30 Sep 2008 15:45:53 GMT

tayme

Yes. There is plenty of blame. Let's prioritize them...

#1 Bush Administration

#2 Bush Appointees

#3 GOP Fundraisers

#4 GOP-only Lobbyests (See, "K Street Project")

#5 Republican Senate Leadership

#6 Republican House Leadership

...

#947 Administrators from a previous administration that hasn't been in office for almost a decade

...

#1243 The Harding Administration

...

re: Xbox Live, Zune services down today

tayme — Tue, 30 Sep 2008 15:36:12 GMT

@Dip - Remember, Mike is right...you are wrong...he will be victorious at any cost...even if he needs to make things up along the way.

Regarding the blame - you are right...there is plenty to go around. Including the people who went out and took loans that they could not afford, whether or not they were offered. Personal responsibility has got to come into play here...

--tayme

re: Xbox Live, Zune services down today

mikegalos@msn.com — Tue, 30 Sep 2008 15:33:11 GMT

No Dipsh

It today's (and all last week's) Republican talking point.

Please, don't blame us.

We've only controlled the regulatory part of government for seven years now, how could we be expected to regulate?

We only had control of the part of government that makes laws for six years and fillibuster control for the other one and veto control for seven years since the Clinton administration (where we controlled Congress), how dare anyone think we should be held resposible for the laws we passed?

Pathetic.

re: Xbox Live, Zune services down today

Dipsh t Admin — Tue, 30 Sep 2008 15:25:55 GMT

No Mike that was the NY Times talking point in *1999*. There certainly is plenty of blame to go around, and only a true partisan would believe otherwise.

re: Xbox Live, Zune services down today

mikegalos@msn.com — Tue, 30 Sep 2008 14:54:50 GMT

Amazing.

After seven years in office, six of which were with control of the House, Senate and Executive branches, the Republican talking point is, "It's all Bill Clinton's fault. How could you expect us to have done anything in the brief time we've been in office?"

re: Xbox Live, Zune services down today

shark47 — Tue, 30 Sep 2008 14:26:35 GMT

From the same article:

"Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits."

re: Xbox Live, Zune services down today

Dipsh t Admin — Tue, 30 Sep 2008 12:59:05 GMT

I realize we are WAY, WAY off topic, but this is just too delicious to pass up. Years ago, 1999 to be exact, the then Clinton administration had created a system where Fannie and Freddie were to decrease the lending requirements and therefore allow for so-called sub-prime mortgages to take flight. From the left-leaning NY Times, here is the part that I find quite interesting:

query.nytimes.com/.../fullpage.html

"In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's.

''From the perspective of many people, including me, this is another thrift industry growing up around us,'' said Peter Wallison a resident fellow at the American Enterprise Institute. ''If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.'' "

Someone mentioned dooming to repeat history. This current crisis, which remember that markets are cyclical, is just a reincarnation of the S&L scandal. I'm sure we will see plenty of investigations come about on this one, with an ensuing scandal, and a repeat of it in another 20-30 years.