Fannie Mae another bail out ????

Once you put in the proper regulations this shit will NOT happen again.


Your party fought the left to get this shit passed.

Your party claimed it would bring great things to America.

It crashed the world economy.

That is one big fucking mistake to overlook

Lets just say you are correct......

So Fannie and Freddie capitalized on the fact that there were no proper regulations...and they failed......and now you are saying "lets put in regulations so they cant capitalize on them and they wont fail?"

Is that fair to those that did NOT capitalize on the lack of regulations and did things properly becuase they deemed it appropriate?

Do you not realize that it is the business model that failed? The ethics of the people in charge that failed?

How many bad mortgages did freddy and fanny write?

the fact that you are asking me that question makes it clear that you do not understand the roll of fannie and freddie in the lending industry....and I really dont have the patience to explain it to you.

I assumed you knew what they did.....

And by the way....nobody writes a bad mortgage...a mortgage goes bad..

When an underwrite approves a loan he/she takes invto consideration many factors....credit rating, debt to income ratio, appraised value of property, income stability, down payment to cost ratio....and if it is apporved it is becuase it is a "good" risk.

However, sometimes they go bad.....for a variety of reasons. Loss of income....lies on an application.....natural disasters.....
 
How many more times will they need to be bailed out? ever 2 years they need 6 or 7 billion dollar to secure their faulty transactions. Sooner or later it has to stop. Let the democrats pet project fail.

I completely understand and am sympathetic to the above complaint, ya know?

This complaint about TARP bailouts IS the complaint where the TEA PARTY AND THE OWS folks are in agreement.


Nevertheless, I still ask this question because I know what happens if the banksters go down.

What is worse for the economy as a whole?

Bailing out the banksters and their bond holding VICTIMS, or letting those banksters and their victims go down?

I honestly don't know the answer to that question.

But I do think that cutting off one's nose to spite one's face is not good economic policy.

Unless I'm mistaken the bank loans were paid back. Does anyone expect Fannie and Freddie to ever pay back the American taxpayer?

shouldn't they?
 
Once you put in the proper regulations this shit will NOT happen again.


Your party fought the left to get this shit passed.

Your party claimed it would bring great things to America.

It crashed the world economy.

That is one big fucking mistake to overlook

Exactly.

Phil Gramm put in an amendment to the spending bill on the day before Christmas recess to deregulate the financial industry.
 
Once you put in the proper regulations this shit will NOT happen again.


Your party fought the left to get this shit passed.

Your party claimed it would bring great things to America.

It crashed the world economy.

That is one big fucking mistake to overlook

Lets just say you are correct......

So Fannie and Freddie capitalized on the fact that there were no proper regulations...and they failed......and now you are saying "lets put in regulations so they cant capitalize on them and they wont fail?"

Is that fair to those that did NOT capitalize on the lack of regulations and did things properly becuase they deemed it appropriate?

Do you not realize that it is the business model that failed? The ethics of the people in charge that failed?

How many bad mortgages did freddy and fanny write?
A bunch

The Federal National Mortgage Association (Fannie Mae) is the nation’s largest mortgage buyer and a financial juggernaut that affects the lives of tens of millions of home buyers. It was taken over by the federal government on Sept. 8, 2008, along with Freddie Mac, as the two mortgage giants struggled with deep losses and investors lost confidence in the pair.
Federal National Mortgage Association Fannie Mae News - Company Information - The New York Times
 
Lets just say you are correct......

So Fannie and Freddie capitalized on the fact that there were no proper regulations...and they failed......and now you are saying "lets put in regulations so they cant capitalize on them and they wont fail?"

Is that fair to those that did NOT capitalize on the lack of regulations and did things properly becuase they deemed it appropriate?

Do you not realize that it is the business model that failed? The ethics of the people in charge that failed?

How many bad mortgages did freddy and fanny write?
A bunch

The Federal National Mortgage Association (Fannie Mae) is the nation’s largest mortgage buyer and a financial juggernaut that affects the lives of tens of millions of home buyers. It was taken over by the federal government on Sept. 8, 2008, along with Freddie Mac, as the two mortgage giants struggled with deep losses and investors lost confidence in the pair.
Federal National Mortgage Association Fannie Mae News - Company Information - The New York Times

EXACTLY.

They do not write loans...they are like a clearing house for loans.
And the truth is, they have a failed business model.
Why continue to support a failed business model?
 
How many bad mortgages did freddy and fanny write?
A bunch

The Federal National Mortgage Association (Fannie Mae) is the nation’s largest mortgage buyer and a financial juggernaut that affects the lives of tens of millions of home buyers. It was taken over by the federal government on Sept. 8, 2008, along with Freddie Mac, as the two mortgage giants struggled with deep losses and investors lost confidence in the pair.
Federal National Mortgage Association Fannie Mae News - Company Information - The New York Times

EXACTLY.

They do not write loans...they are like a clearing house for loans.
And the truth is, they have a failed business model.
Why continue to support a failed business model?

You got my point they may not have written the loans but they accepted the loans. Which is worse?
 
Fannie and Freddie should be allowed to collapse. It's not like Franklin Raines needs more money, he's been stealing millions for a good many years. Even if one should assume that the purpose was beneficial at one time, that time was long ago, it has turned from beneficial to toxic. Let it fail now before these agencies can do more damage.
 
A bunch

The Federal National Mortgage Association (Fannie Mae) is the nation’s largest mortgage buyer and a financial juggernaut that affects the lives of tens of millions of home buyers. It was taken over by the federal government on Sept. 8, 2008, along with Freddie Mac, as the two mortgage giants struggled with deep losses and investors lost confidence in the pair.
Federal National Mortgage Association Fannie Mae News - Company Information - The New York Times

EXACTLY.

They do not write loans...they are like a clearing house for loans.
And the truth is, they have a failed business model.
Why continue to support a failed business model?

You got my point they may not have written the loans but they accepted the loans. Which is worse?

I didnt get your point. I knew your point...thus why I responded to TM the way I did when she asked how many bad loans did they write.

They have a responsibility to buy GOOD loans...not ALL loans.

Their business model is a failure...they do not do the due diligence to maintain a successful operation.

Saving them will result in further losses.
 
Fannie and Freddie never wrote a single mortgage.

I agree.

TM was the one who asked how many bad loans did they write.....and that is when I realized she was debating a topic she knows nothing about.

And thus I told her....the fact that you asked that question shows me you have no idea of what FM and FM's roles were in the ledning industry.

Yet she is debating why they should be bailed out.

Kind of interesting.
 
Fannie and Freddie never wrote a single mortgage.

I agree.

TM was the one who asked how many bad loans did they write.....and that is when I realized she was debating a topic she knows nothing about.

And thus I told her....the fact that you asked that question shows me you have no idea of what FM and FM's roles were in the ledning industry.

Yet she is debating why they should be bailed out.

Kind of interesting.

Fannie and Freddie are being shut down.

What will the right screed about then?
 
Fannie and Freddie never wrote a single mortgage.

I agree.

TM was the one who asked how many bad loans did they write.....and that is when I realized she was debating a topic she knows nothing about.

And thus I told her....the fact that you asked that question shows me you have no idea of what FM and FM's roles were in the ledning industry.

Yet she is debating why they should be bailed out.

Kind of interesting.

Fannie and Freddie are being shut down.

What will the right screed about then?

I dont know...

Maybe we will harp on the birth certificate again.

That sounds like fun.
 
Fannie and Freddie never wrote a single mortgage.

I agree.

TM was the one who asked how many bad loans did they write.....and that is when I realized she was debating a topic she knows nothing about.

And thus I told her....the fact that you asked that question shows me you have no idea of what FM and FM's roles were in the ledning industry.

Yet she is debating why they should be bailed out.

Kind of interesting.

I knew they wrote none.

That is why I asked it.

I was pointing out to a poster that they didnt understand what their job is.

To pretend I asked it for the reason you just did is nothing more than partisan crap becasue your example was trash and proven so by me.
 
Fannie and Freddie never wrote a single mortgage.

I agree.

TM was the one who asked how many bad loans did they write.....and that is when I realized she was debating a topic she knows nothing about.

And thus I told her....the fact that you asked that question shows me you have no idea of what FM and FM's roles were in the ledning industry.

Yet she is debating why they should be bailed out.

Kind of interesting.

I knew they wrote none.

That is why I asked it.

I was pointing out to a poster that they didnt understand what their job is.

To pretend I asked it for the reason you just did is nothing more than partisan crap becasue your example was trash and proven so by me.

LMFAO...

What a pathetic back pedaling.

Show me the poster you were asking the question of?

You were in a debate with me and and bigreb.......for several pages......

TM...your lack of honesty and lack of willingness to admit a mistake speaks volumes.

And then you try to trun it on me as if I am being partisan?

You truly are pathetic...and now I have proof you are a liar as well!

Loser.....true loser.
 
EXACTLY.

They do not write loans...they are like a clearing house for loans.
And the truth is, they have a failed business model.
Why continue to support a failed business model?

You got my point they may not have written the loans but they accepted the loans. Which is worse?

I didnt get your point. I knew your point...thus why I responded to TM the way I did when she asked how many bad loans did they write.

They have a responsibility to buy GOOD loans...not ALL loans.

Their business model is a failure...they do not do the due diligence to maintain a successful operation.

Saving them will result in further losses.

She is a tricky one isn't she using word play like how many loans did they write when when that isn't as near as bad as accepting a bad loan
 

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