Thursday, October 18, 2012

Video: Mitt Romney At The Al Smith Dinner

Mitt Romney displays his sense of humor at the annual Al Smith Dinner at the Waldorf Astoria Hotel. He does a great job poking fun at himself and negging Obama. I don't want to ruin the video but Romney got me laughing pretty hard especially when he mentions Obama and Sesame street. 
Watch below:  


  1. Bain Capital Saved America

    In the 1980s, the resilient USA economy
    saved itself from becoming Europe.

    Bain was part of the rescue.


    Not only did Bain Capital save America,

    Bain Capital may stand as the best of
    Mr. Romney's lifetime contributions
    to the nation's economic well-being.


    We are of course putting forth "Bain Capital"
    as not merely the Romney private-equity house
    but as the stand-in for the period of American
    economic history that ran from 1980 to 1989.


    Mitt Romney parachuted into the
    frontline of the Corporate America



    Because of the modernizing change
    that Bain and others like it
    forced on USA corporations in the 1980s, ...


    Europe's fallen status ...
    downgrades of nine European countries — a blunt
    recognition of Europe's oribund "fundamentals,"
    meaning their ability to produce
    "strong and consistent" economic growth.


    If not for Bain Capital and the other,
    bigger players who commenced a decade of
    leveraged buyouts and hostile takeovers
    in the 1980s, the odds are that the USA's
    "fundamentals" would be similarly weak.


    Instead, the USA corporate sector
    remade itself during the Bain years.

    Thousands of Mitt Romneys ... ,
    forced corporate America to reboot.


    This was a historic and necessary cleansing of ... the American economy. It caused
    a positive revolution in USA management,
    financial analysis, incentives, governance,
    efficiency gains and market-based discipline.

    It led directly to the 1990s boom years.


    Wall Street Journal

  2. What Caused the Financial Crisis?


    The pursuit of higher rate of
    homeownership through legislation,
    incentives and relaxed loan standards:

    » Pushing homeownership to new
    highs via government coercion.

    » Relaxed loan standards — no doc / no income

    » Pres. Bill Clinton and Robert Rubin —

    unleashing Wall Street risk-taking.

    Bill Clinton signed into law in 2000:
    The Commodity Futures Modernization Act,

    which exempted over-the-counter

    swaps and derivatives from regulation.

    The idea was to distribute risk; unfortunately,
    the effect was to magnify risk.


    Banks lurched from caution to

    bubble-inflating recklessness


    The True Story of the Financial Crisis

    The financial crisis of 2008 was caused
    by government housing policies ——

    which led to the creation of 27 million
    subprime and other risky loans


    Barack Obama was a pioneering
    contributor to the national
    subprime real estate bubble


    With landmark lawsuit,
    Barack Obama pushed banks
    to give subprime loans to
    Chicago’s African-Americans


    The Brass Standard


    Obama endorsed the national subprime policy,
    “subprime lending started off as a good idea:

    Helping Americans buy homes

    who couldn’t previously afford to.”

    About Those Policies That
    Got Us Into This Mess


    The misguided effort begun during the
    Clinton administration to increase
    home ownership among low wage earners


    Bubba & the Housing bubble — Bill Clinton


    The End of Wall Streets Boom

    Michael Lewis — profiled Steve Eisman:


    Free fall: How government policies
    brought down the housing market


    Michael Lewis on the Hedge Fund Manager

    Who Saw It Coming

    • "The Big Short"

    • Michael Lewis on the Financial Panic


    Wall Street's Delusion — 60 Minutes

    Eve of Destruction