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The New York Times Gets Life Support

Mark1369 Wrote: Nov 12, 2012 1:56 AM
You miss the point of Frank's statement, Bush and other republicans saw the coming problem and were asking for regulation to slow down mortgage lending. Frank and other democrats refused to see a problem but then like you turn around and point the figure at republicans as the cause of the economic collapse. The truth of the matter is both parties were responsible but republicans were more concerned about the issue years before the crash than head in the sand liberal democrats.
MoreFreedom Wrote: Nov 12, 2012 10:54 AM
When government goes into business, in this case the first secondary mortgage markets, taxpayers get the shaft. In the meantime, the politicians and their appointees at Fannie, rake in millions. There is no reason government should be doing this. Government's job is to protect our lives and liberty, so we may pursue happiness, instead of dealing with criminals. Yet today, the biggest criminal is government, and many of the people working in it.

The common stock of the New York Times (NYSE: NYT) plunged from $10.87 last week to a close of $8.19 on Friday after the liberal mouthpiece announced that its 3rd quarter net income dropped 85 percent.

While analysts are blaming soft advertising revenues, I think something more ominous is happening at America’s national, bleeding-heart newspaper.

(Editor's note: I'm taking a few days off. I'll see you guys again on Tuesday with a crop of Email and Hate Mail)

For sure, advertising revenues are dropping nationally as economic conditions have deteriorated over the last two quarters.

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