N.Y Times-PROOF-Regulations blocked by DEMS on Fannie/Freddie crisis

TO ALL YOU LIBERALS!

So now the next time you hear your "messiah" Barack Obama, while on the campaign trail.

Bush did nothing to stop this financial crisis--"where was the regulation on these agencies"--McCain is just like Bush--"do you want another 3rd term for President Bush".

NOW YOU KNOW THE TRUTH! While Obama's buddies, (CFO's of Freddie Mac & Fannie Mae) were driving these agencies into the ground, they were also making certain that Barack's coffers were full of cash.

This while President Bush & John McCain were trying to reign these agencies in. They were continually blocked by democrats on the hill, whom used these agencies as their personal piggy banks!.

To all you con's. When will you realize this bailout is just the GOP's last stab at emptying the treasury before Bush leaves office? And what is your opinion on the move to make Hank Paulson above the law?

I find it fascinating that you guys are ignoring Section 8 of the bailout proposal. Why isn't the liberal media telling us this?

critical - and radical - component of the bailout package proposed by the Bush administration has thus far failed to garner the serious attention of anyone in the press. Section 8

Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.



Dirty Secret Of The Bailout: Thirty-Two Words That None Dare Utter
 
There WAS no crisis at the time. The crisis came about due to bush's tax cuts, his war, and the housing market going down the tubes.

The voters will figure that out before November.
 
There WAS no crisis at the time. The crisis came about due to bush's tax cuts, his war, and the housing market going down the tubes.

The voters will figure that out before November.

How on earth does a war make dead-beats get home loan approvals they can't afford?

How do tax cuts cause gov't based institutions write loans they never should have?
 
I was under the impression that Fannie and Freddie went down because of the devaluation of property, no? Not sure how this article ties in with that.

Care to enlighten me?

Freddie Mac & Fannie Mae were INVENTED during the Carter Administration. This in order to give lower income people & minorites the opportunity to own homes.

In 1995--the then CFO of Fannie Mae was in front of the democrat black caucas promising all kinds of money--while admitting that these agencies were having financial trouble.

This article from the New York Times in 2003, (or five years ago) is another warning from the Bush administration--wanting to reign them in.

DEMOCRAT BARNEY FRANK STATING THERE WAS NOTHING WRONG WITH THEM!

Continually the democrats who invented these agencies BLOCKED all efforts to reign them in. It's clear, they didn't want any new regulation or oversight.

While the democrat lead congress--is more than willing to have investigations over "steriod use" of professional sport players--is it any wonder why they are not calling for NOW?

It's because they used these agencies for their own personal piggy banks. Barack Obama being the second largest donor receipiant & democrat Criss Dodd--(associated with Country Wide mortgage) being the 1st.
 
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Freddie Mac & Fannie Mae were INVENTED during the Carter Administration. This in order to give lower income people & minorites the opportunity to own homes.

In 1995--the then CFO of Fannie Mae was in front of the democrat black caucas promising all kinds of money--while admitting that these agencies were having financial trouble.

This article from the New York Times in 2003, (or five years ago) is another warning from the Bush administration--wanting to reign them in.

DEMOCRAT BARNEY FRANK STATING THERE WAS NOTHING WRONG WITH THEM!

Continually the democrats who invented these agencies BLOCKED all efforts to reign them in. It's clear, they didn't want any new regulation or oversight.

While the democrat lead congress--is more than willing to have investigation over "steriod use" of professional sport players--is it any wonder why they are not calling for NOW?

It's because they used these agencies for their own personal piggy banks. Barack Obama being the second largest donor receipiant & democrat Criss Dodd--(associated with Country Wide mortgage) being the 1st.
Reign them in how, exactly?

Loaning money to low income people that qualified for the loans is the basis of the Fannie Mae and Freddie Mac Program. That is quite a bit different than what actually has caused the financial crisis--banks lending money to people that did not qualify for the loans...they had no way to pay them back! These aren't the customers of Fannie and Freddie.

The financial companies, in all their glory, relied on historical data on the percentages of people that defaulted on loans. They were too clueless to realize that this data covered the loan business up until a certain point...loans made to QUALIFIED borrowers. For some unbelievable reason they seemed to think that unqualified borrowers would pay back loans at the same rate qualified borrowers paid them back. So they kept giving bad loans, selling them off to other institutions (punting the risk, so to speak). And when it turned out unqualified borrowers defaulted at much higher rates that qualified borrowers, (50+% vs. 2+%) the entire thing fell apart...the financial institution stopped buying these bad loans from each other and the ones left holding them went bankrupt. And here we are.

You're an idiot, btw, for blaming this crisis on qualified borrowers just because they happen to be among the lower class.

One more question...who do you get your information from, because that person is a fucking hater.
 
Reign them in how, exactly?

Loaning money to low income people that qualified for the loans is the basis of the Fannie Mae and Freddie Mac Program. That is quite a bit different than what actually has caused the financial crisis--banks lending money to people that did not qualify for the loans...they had no way to pay them back! These aren't the customers of Fannie and Freddie.

The financial companies, in all their glory, relied on historical data on the percentages of people that defaulted on loans. They were too clueless to realize that this data covered the loan business up until a certain point...loans made to QUALIFIED borrowers. For some unbelievable reason they seemed to think that unqualified borrowers would pay back loans at the same rate qualified borrowers paid them back. So they kept giving bad loans, selling them off to other institutions (punting the risk, so to speak). And when it turned out unqualified borrowers defaulted at much higher rates that qualified borrowers, (50+% vs. 2+%) the entire thing fell apart...the financial institution stopped buying these bad loans from each other and the ones left holding them went bankrupt. And here we are.

You're an idiot, btw, for blaming this crisis on qualified borrowers just because they happen to be among the lower class.

One more question...who do you get your information from, because that person is a fucking hater.


You know "babble" on all you want. Refuse to believe that the New York Times article back in 2003 is TRUE.. Keep your head stuck in the sand--be an OBAMABOT--believe everything he says--& then pay for it.

Vote for democrats--vote for the people who created this mess--vote for the party--that in their effort to guarantee that people who bought homes, really could not afford them.

Vote for the democrats who had every opportunity to reign in these agencies, yet blocked every single effort to do so.

In the end democrats,--JUST SCREWED the American taxpayers out of 700 BILLION dollars.
 
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JILLIAN I haven't seen the list of extras you said the Republicans added to the bill yet.... Can you please post them?

Thanks!
 

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