Fannie Mae another bail out ????

Discussion in 'Politics' started by Lovebears65, Nov 9, 2011.

  1. Lovebears65
    Offline

    Lovebears65 Gold Member

    Joined:
    Apr 17, 2011
    Messages:
    6,282
    Thanks Received:
    1,473
    Trophy Points:
    255
    Location:
    Georgia
    Ratings:
    +2,096
    Fannie Mae loss widens, asks taxpayers for $7.8B


    So yet again since we did not use Freddie or Fannie we get screwed since we were responds able and knew what we could afford. Way below on what they said we could like almost triple they offered but nope we bought a house that that was enough for us. The mortgage was reasonable and yeah we can afford it and pay an extra payment a month so we will have it paid off in 15 years instead of 30:eusa_whistle:
     
  2. KissMy
    Offline

    KissMy Free Breast Exam

    Joined:
    Oct 10, 2009
    Messages:
    12,199
    Thanks Received:
    2,167
    Trophy Points:
    255
    Location:
    In your head
    Ratings:
    +2,995
    Freddie Mac also needs $6+ Billion
     
  3. whitehall
    Offline

    whitehall Platinum Member

    Joined:
    Dec 28, 2010
    Messages:
    30,330
    Thanks Received:
    4,917
    Trophy Points:
    1,140
    Location:
    Western Va.
    Ratings:
    +13,873
    For the life of me I can't understand why there is no congressional investigation into the corruption and collapse of Fannie Mae. Maybe both parties were involved and they agree not to open a can 'o worms. Barney Frank was banking chair(person) when Fannie went under and in an uncharacteristic burst of honesty he confessed that he had "ideological blinders on" when he told Americans that Fannie was solvent while it was on the verge of collapse and did collapse under his watch. Obama financial advisor Frank Raines was a Fannie CEO and it is alleged that he cooked the books to show a fake profit tied to his yearly bonus and walked away with 90 Million dollars for three years work.
     
  4. LordBrownTrout
    Offline

    LordBrownTrout Gold Member

    Joined:
    Nov 25, 2007
    Messages:
    16,608
    Thanks Received:
    3,157
    Trophy Points:
    280
    Location:
    South Texas
    Ratings:
    +7,639
    How would you like Fannie and Freddie running your bank account?
     
  5. Avatar4321
    Online

    Avatar4321 Diamond Member Gold Supporting Member

    Joined:
    Feb 22, 2004
    Messages:
    73,140
    Thanks Received:
    8,618
    Trophy Points:
    2,070
    Location:
    Minnesota
    Ratings:
    +14,595
    I think its about time we stop throwing money we dont have into this vaccum.
     
  6. LordBrownTrout
    Offline

    LordBrownTrout Gold Member

    Joined:
    Nov 25, 2007
    Messages:
    16,608
    Thanks Received:
    3,157
    Trophy Points:
    280
    Location:
    South Texas
    Ratings:
    +7,639
    Such harsh words. Fannie and Freddie are the hallmarks of government induced efficiency.
     
    • Thank You! Thank You! x 1
  7. KissMy
    Offline

    KissMy Free Breast Exam

    Joined:
    Oct 10, 2009
    Messages:
    12,199
    Thanks Received:
    2,167
    Trophy Points:
    255
    Location:
    In your head
    Ratings:
    +2,995
    Federal regulators just approved $13 million in bonuses to 10 employees at Fannie Mae & Freddie Mac. We are paying 10 people about $1.3 million in bonuses each to lose us $14 Billion last quarter.

    How the hell could we let this happen? We need to march on DC.
     
    • Thank You! Thank You! x 1
  8. LordBrownTrout
    Offline

    LordBrownTrout Gold Member

    Joined:
    Nov 25, 2007
    Messages:
    16,608
    Thanks Received:
    3,157
    Trophy Points:
    280
    Location:
    South Texas
    Ratings:
    +7,639
    Has the occupation occurred at Fannie and Freddie yet?
     
  9. Avatar4321
    Online

    Avatar4321 Diamond Member Gold Supporting Member

    Joined:
    Feb 22, 2004
    Messages:
    73,140
    Thanks Received:
    8,618
    Trophy Points:
    2,070
    Location:
    Minnesota
    Ratings:
    +14,595
    I also think that if any executives should be prosecuted, the ones in charge of Fannie and Freddie should be them.
     
    • Thank You! Thank You! x 1
  10. Avatar4321
    Online

    Avatar4321 Diamond Member Gold Supporting Member

    Joined:
    Feb 22, 2004
    Messages:
    73,140
    Thanks Received:
    8,618
    Trophy Points:
    2,070
    Location:
    Minnesota
    Ratings:
    +14,595
    Why would they occupy Democrat special interests?
     

Share This Page