- Sep 19, 2011
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Hillary Clinton plans to put her husband in charge of rebooting the American economy – the top issue of her presidential campaign.
'My husband ... I'm going to put in charge of revitalizing the economy because you know, he knows how to do it,' Clinton told a crowd in Kentucky Sunday. 'And especially in places like coal country and inner cities and other parts of our country that have been really left out,' she added, the Washington Post reported.
Hillary says she'll put husband in charge of 'revitalizing' economy
What a stupid statement to make.
She evidently can't do it with her plans so she will re-cycle Bill's plans which caused
the biggest economic debacle i.e. the housing bubble caused by Bill's idiotic plan to put
house flipping in the hands of people with sub-standard credit.
"The subprime mortgage crisis arose from 'bundling' American subprime and American regular mortgages into MBSs which were traditionally isolated from, and sold in a separate market from, prime loans.[4] These 'bundles' of mixed (prime and subprime) mortgages were based on asset-backed securities so the 'probable' rate of return looked superb (since subprime lenders pay higher premiums on loans secured against saleable real-estate which, theoretically, "could not fail"). Many mortgages had a low interest for the first year, and poorer buyers defaults were 'swapped' regularly at first, but finally such borrowers began to default in large numbers. The inflated house-price bubble burst, property valuations plummeted and the real rate of return on investment could not be estimated, and so confidence in these instruments collapsed, and all less than prime mortgages were considered to be almost worthless toxic assets, regardless of their actual composition or performance. Because of the "originate-to-distribute" model followed by many subprime mortgage originators, there was little monitoring of credit quality and little effort at remediation when these mortgages became troubled.[4]
Subprime lending - Wikipedia, the free encyclopedia
And the reason for little monitoring???
Oct. 23,2008 (Bloomberg) --
Fannie Mae and Freddie Mac have an "effective'' federal guarantee, not the "full faith and credit'' of the U.S. government, Federal Housing Finance Agency Director James Lockhart said after the hearing. That does give them effectively a guarantee of the U.S. government.''
http://www.bloomberg.com/apps/news?pid=20601087&sid=ajIEoZCommlk
'My husband ... I'm going to put in charge of revitalizing the economy because you know, he knows how to do it,' Clinton told a crowd in Kentucky Sunday. 'And especially in places like coal country and inner cities and other parts of our country that have been really left out,' she added, the Washington Post reported.
Hillary says she'll put husband in charge of 'revitalizing' economy
What a stupid statement to make.
She evidently can't do it with her plans so she will re-cycle Bill's plans which caused
the biggest economic debacle i.e. the housing bubble caused by Bill's idiotic plan to put
house flipping in the hands of people with sub-standard credit.
"The subprime mortgage crisis arose from 'bundling' American subprime and American regular mortgages into MBSs which were traditionally isolated from, and sold in a separate market from, prime loans.[4] These 'bundles' of mixed (prime and subprime) mortgages were based on asset-backed securities so the 'probable' rate of return looked superb (since subprime lenders pay higher premiums on loans secured against saleable real-estate which, theoretically, "could not fail"). Many mortgages had a low interest for the first year, and poorer buyers defaults were 'swapped' regularly at first, but finally such borrowers began to default in large numbers. The inflated house-price bubble burst, property valuations plummeted and the real rate of return on investment could not be estimated, and so confidence in these instruments collapsed, and all less than prime mortgages were considered to be almost worthless toxic assets, regardless of their actual composition or performance. Because of the "originate-to-distribute" model followed by many subprime mortgage originators, there was little monitoring of credit quality and little effort at remediation when these mortgages became troubled.[4]
Subprime lending - Wikipedia, the free encyclopedia
And the reason for little monitoring???
Oct. 23,2008 (Bloomberg) --
Fannie Mae and Freddie Mac have an "effective'' federal guarantee, not the "full faith and credit'' of the U.S. government, Federal Housing Finance Agency Director James Lockhart said after the hearing. That does give them effectively a guarantee of the U.S. government.''
http://www.bloomberg.com/apps/news?pid=20601087&sid=ajIEoZCommlk
