Democrats want less regulation for Fannie and Freddie!!!

Discussion in 'Politics' started by Conservative, Mar 16, 2012.

  1. Conservative
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    Conservative Type 40

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    I thought the Dems were the ones saying we needed MORE regulation by government, not less???

    Dems Want Fannie, Freddie Overseer Out Over Resistance To Mortgage Write-downs | Fox News

    Sounds like DeMarco has the right idea to me.
     
  2. GuyPinestra
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    GuyPinestra Senior Member

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    Which is EXACTLY why the Libdrools are PISSED!
     
  3. Claudette
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    Claudette Gold Member

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    Billions of tax dollars have been spent to bail Fannie and Freddie out year after year.

    Talk about a Federal program that needs to get kicked to the curb.

    Let people buy their own homes if they can afford em.

    If not they can rent. Jesus. Common sense is totally absent in DC.
     
  4. bitterlyclingin
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    bitterlyclingin Silver Member

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    The Dems receive an enormous amount of financial support from Fannie and Freddie, so much so that its almost their cash cow. Franklin Raines and James Jones are two prominent Democrats who aided and abeted the bankrupting of those two NGOs while enriching themselves and the Democratic Party's coffers in the process.
    When the Repubs, in the persons of GWB and John McCain wanted to reign in the party going on at taxpayers expense down at Fannie and Freddie, 2003 and 2006, Barney Frank and Chris Dodd both stood up in front of their friendly Democratic Media cameras and said "There's nothing going on down at Fannie and Freddie except us foxes" Barney came on at that point and said he "Just wanted to roll the dice a few more times" Yes he did, and who was left to clean up the slop, afterward? You guessed it.
     
  5. zeke
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    zeke Gold Member

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    Can anyone believe that Franklin Raines is not in jail? Amazing.


    Government for the rich, by the rich is what we have here. Commonly known as a plutocracy.

    Sure am glad the Rethugs are as pure as the driven snow on this one. No rethug made a dime off of Fannie and Freddie.

    Except for Newt. But is he really a Rethug?

    And I heard that Barney Frank not only got his mortgage money for free, but he made something like 259 million dollars off Fannie. Jail time for him to.

    Fannie and Freddie both should be shut down so the housing market can completely collapse. It would be so good for us. Especially the landlords, of which I am one.
     
  6. Trajan
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    Trajan conscientia mille testes

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    they are already using the old 'disparate impact' trope to push F&F to underwrite more bad loans etc.......this doesn't surprise me.
     
  7. Full-Auto
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    Full-Auto Gold Member

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    Its is happening for GM purchases. I hear it on the radio everyday.
     
  8. Inthemiddle
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    Inthemiddle BANNED

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    Sounds more like they want different regulation, not less regulation. Though De Marco's approach sounds like the better one from my non-expert point of view.
     
  9. Grampa Murked U
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    Grampa Murked U Diamond Member

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    Obama has passed 109 major regulations as compared to Bush with 28 in the same time frame. But this actually doesn't surprise me.
     
  10. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Fannie and Freddie need to be liquidated and their loan portfolio sold in a series of auctions over a 6 month period
     
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