No One Has Ever Fallen Faster

[Vigilante]

Don't ever believe the TRUTH means a fucking thing to these Commie, subversives, the more they post, the more you hit them with the same TRUTHS, they can't answer! Just remember, and keep repeating....

Andrew Cuomo ADMITTED he and Blow Job Clinton STARTED the Housing bubble collapse!

LIAR

Yes, you are!

REALLY? REALLY? LOL


1998? LOL



"(In 2000, CLINTON)) HUD restricted Freddie and Fannie, saying it would not credit them for loans they purchased that had abusively high costs or that were granted without regard to the borrower's ability to repay."

How DUBYA'S HUD Mortgage Policy Fed The Crisis

"In 2004 (DUBYA) , the 2000 rules were dropped and high‐risk loans were again counted toward affordable housing goals."


http://www.prmia.org/sites/default/files/references/Fannie_Mae_and_Freddie_Mac_090911_v2.pdf



The Presidents (DUBYA) Working Group’s policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007. "

The regulators report to Bush and he encouraged, funded and protected lower lending standards.

We want more people owning their own home in America," Bush said. His goal is to have 5.5 million minority homeowners in the country by the end of the decade.

March 26, 2004

Bush Ties Policy to Record Home Ownership

Bush Ties Policy to Record Home Ownership Fox News

2005 FANNIE REPORT (FOR 2004)

We have also relaxed some of our underwriting criteria to obtain goals-qualifying mortgage loans and increased our investments in higher-risk mortgage loan products that are more likely to serve the borrowers targeted by HUD’s goals and subgoals,
http://www.fanniemae.com/resources/file/ir/pdf/stock-info/series_T_05152008.pdf



HOLY COW! Bush forced them to lower their standards. If only somebody had warned us that Bush's policies would hurt Freddie and Fannie. Wait, somebody did.



Fannie, Freddie to Suffer Under New Rule, Frank Says

Fannie Mae and Freddie Mac would suffer financially under a Bush administration requirement that they channel more mortgage financing to people with low incomes, said the senior Democrat on a congressional panel that sets regulations for the companies.


So if your narrative is "GSEs are to blame" then you have to blame bush


http://democrats.financialservices....s/112/06-17-04-new-Fannie-goals-Bloomberg.pdf


No, the GSEs Did Not Cause the Financial Meltdown (but thats just according to the data)


Wall Street, Not Fannie and Freddie, Led Mortgage Meltdown

Government data show Fannie and Freddie didn’t take the same risks that Wall Street’s mortgage-backed securities machine did. Mortgages financed by Wall Street from 2001 to 2008 were 4½ times more likely to be seriously delinquent than mortgages backed by Fannie and Freddie

Wall Street Not Fannie and Freddie Led Mortgage Meltdown - The Daily Beast

So policy, once made, NEVER changes? Good thing BJ Bill stopped the policy 2 years after it started when they saw what was happening right? To bad Dubya put it back in place in 2004, lol

[/

I don't know what YOUR mental problem is, the FACTS are the Andy Cuomo, and Blow Job Clinton STARTED the housing bubble collapse in 1998.... I do LOVE the denial of REALITY!

 

[Dad2three]

LIAR

Yes, you are!

REALLY? REALLY? LOL


1998? LOL



"(In 2000, CLINTON)) HUD restricted Freddie and Fannie, saying it would not credit them for loans they purchased that had abusively high costs or that were granted without regard to the borrower's ability to repay."

How DUBYA'S HUD Mortgage Policy Fed The Crisis

"In 2004 (DUBYA) , the 2000 rules were dropped and high‐risk loans were again counted toward affordable housing goals."


http://www.prmia.org/sites/default/files/references/Fannie_Mae_and_Freddie_Mac_090911_v2.pdf



The Presidents (DUBYA) Working Group’s policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007. "

The regulators report to Bush and he encouraged, funded and protected lower lending standards.

We want more people owning their own home in America," Bush said. His goal is to have 5.5 million minority homeowners in the country by the end of the decade.

March 26, 2004

Bush Ties Policy to Record Home Ownership

Bush Ties Policy to Record Home Ownership Fox News

2005 FANNIE REPORT (FOR 2004)

We have also relaxed some of our underwriting criteria to obtain goals-qualifying mortgage loans and increased our investments in higher-risk mortgage loan products that are more likely to serve the borrowers targeted by HUD’s goals and subgoals,
http://www.fanniemae.com/resources/file/ir/pdf/stock-info/series_T_05152008.pdf



HOLY COW! Bush forced them to lower their standards. If only somebody had warned us that Bush's policies would hurt Freddie and Fannie. Wait, somebody did.



Fannie, Freddie to Suffer Under New Rule, Frank Says

Fannie Mae and Freddie Mac would suffer financially under a Bush administration requirement that they channel more mortgage financing to people with low incomes, said the senior Democrat on a congressional panel that sets regulations for the companies.


So if your narrative is "GSEs are to blame" then you have to blame bush


http://democrats.financialservices....s/112/06-17-04-new-Fannie-goals-Bloomberg.pdf


No, the GSEs Did Not Cause the Financial Meltdown (but thats just according to the data)


Wall Street, Not Fannie and Freddie, Led Mortgage Meltdown

Government data show Fannie and Freddie didn’t take the same risks that Wall Street’s mortgage-backed securities machine did. Mortgages financed by Wall Street from 2001 to 2008 were 4½ times more likely to be seriously delinquent than mortgages backed by Fannie and Freddie

Wall Street Not Fannie and Freddie Led Mortgage Meltdown - The Daily Beast

So policy, once made, NEVER changes? Good thing BJ Bill stopped the policy 2 years after it started when they saw what was happening right? To bad Dubya put it back in place in 2004, lol

[/

I don't know what YOUR mental problem is, the FACTS are the Andy Cuomo, and Blow Job Clinton STARTED the housing bubble collapse in 1998.... I do LOVE the denial of REALITY!

Got it, you are an ignorant decietful liar.


WHY WOULD BUSH'S OWN GROUP PUT THE TIME FRAME 'LATE 2004 EXTENDING INTO 2007'? LOL

 

[Vigilante]

Yes, you are!

REALLY? REALLY? LOL


1998? LOL



"(In 2000, CLINTON)) HUD restricted Freddie and Fannie, saying it would not credit them for loans they purchased that had abusively high costs or that were granted without regard to the borrower's ability to repay."

How DUBYA'S HUD Mortgage Policy Fed The Crisis

"In 2004 (DUBYA) , the 2000 rules were dropped and high‐risk loans were again counted toward affordable housing goals."


http://www.prmia.org/sites/default/files/references/Fannie_Mae_and_Freddie_Mac_090911_v2.pdf



The Presidents (DUBYA) Working Group’s policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007. "

The regulators report to Bush and he encouraged, funded and protected lower lending standards.

We want more people owning their own home in America," Bush said. His goal is to have 5.5 million minority homeowners in the country by the end of the decade.

March 26, 2004

Bush Ties Policy to Record Home Ownership

Bush Ties Policy to Record Home Ownership Fox News

2005 FANNIE REPORT (FOR 2004)

We have also relaxed some of our underwriting criteria to obtain goals-qualifying mortgage loans and increased our investments in higher-risk mortgage loan products that are more likely to serve the borrowers targeted by HUD’s goals and subgoals,
http://www.fanniemae.com/resources/file/ir/pdf/stock-info/series_T_05152008.pdf



HOLY COW! Bush forced them to lower their standards. If only somebody had warned us that Bush's policies would hurt Freddie and Fannie. Wait, somebody did.



Fannie, Freddie to Suffer Under New Rule, Frank Says

Fannie Mae and Freddie Mac would suffer financially under a Bush administration requirement that they channel more mortgage financing to people with low incomes, said the senior Democrat on a congressional panel that sets regulations for the companies.


So if your narrative is "GSEs are to blame" then you have to blame bush


http://democrats.financialservices....s/112/06-17-04-new-Fannie-goals-Bloomberg.pdf


No, the GSEs Did Not Cause the Financial Meltdown (but thats just according to the data)


Wall Street, Not Fannie and Freddie, Led Mortgage Meltdown

Government data show Fannie and Freddie didn’t take the same risks that Wall Street’s mortgage-backed securities machine did. Mortgages financed by Wall Street from 2001 to 2008 were 4½ times more likely to be seriously delinquent than mortgages backed by Fannie and Freddie

Wall Street Not Fannie and Freddie Led Mortgage Meltdown - The Daily Beast

So policy, once made, NEVER changes? Good thing BJ Bill stopped the policy 2 years after it started when they saw what was happening right? To bad Dubya put it back in place in 2004, lol

[/

I don't know what YOUR mental problem is, the FACTS are the Andy Cuomo, and Blow Job Clinton STARTED the housing bubble collapse in 1998.... I do LOVE the denial of REALITY!

Got it, you are an ignorant decietful liar.


WHY WOULD BUSH'S OWN GROUP PUT THE TIME FRAME 'LATE 2004 EXTENDING INTO 2007'? LOL

You STILL are in denial after hearing Andy saying Blow Job and he caused the housing bubble collapse...In case someone hasn't seen Andy's confession...

 

[OnePercenter]

[
LOLz

Sure.

Sure.

57 Heinz Varieties too

Obama Fluffer -- to the Kneepads!

50 States plus Puerto Rico, Guam, Northern Marianas, US Virgin Islands, American Samoa (by executive order of baby Bush), and the northern and southern pacific atolls.

 

[OnePercenter]

Only the president when he lies the hundreds of times he does.... As CIC he puts out military at risk because of his mental illness!

So you DON'T believe today's veterans DON'T need more mental health services?

Republicans DON'T.

GOP Hypocrites Call Vets Benefits Too Expensive But Want a 600 Billion Tax Cut for Business

 

[CrusaderFrank]

[
LOLz

Sure.

Sure.

57 Heinz Varieties too

Obama Fluffer -- to the Kneepads!

50 States plus Puerto Rico, Guam, Northern Marianas, US Virgin Islands, American Samoa (by executive order of baby Bush), and the northern and southern pacific atolls.

How many electoral votes...You Obama Fluffers are amazing!!

You're seriously defending 57 states?!!!

OMFG

 

[OnePercenter]

[
LOLz

Sure.

Sure.

57 Heinz Varieties too

Obama Fluffer -- to the Kneepads!

50 States plus Puerto Rico, Guam, Northern Marianas, US Virgin Islands, American Samoa (by executive order of baby Bush), and the northern and southern pacific atolls.

How many electoral votes...You Obama Fluffers are amazing!!

You're seriously defending 57 states?!!!

OMFG

57 States and territories.

 

[Dad2three]

REALLY? REALLY? LOL


1998? LOL



"(In 2000, CLINTON)) HUD restricted Freddie and Fannie, saying it would not credit them for loans they purchased that had abusively high costs or that were granted without regard to the borrower's ability to repay."

How DUBYA'S HUD Mortgage Policy Fed The Crisis

"In 2004 (DUBYA) , the 2000 rules were dropped and high‐risk loans were again counted toward affordable housing goals."


http://www.prmia.org/sites/default/files/references/Fannie_Mae_and_Freddie_Mac_090911_v2.pdf



The Presidents (DUBYA) Working Group’s policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007. "

The regulators report to Bush and he encouraged, funded and protected lower lending standards.

We want more people owning their own home in America," Bush said. His goal is to have 5.5 million minority homeowners in the country by the end of the decade.

March 26, 2004

Bush Ties Policy to Record Home Ownership

Bush Ties Policy to Record Home Ownership Fox News

2005 FANNIE REPORT (FOR 2004)

We have also relaxed some of our underwriting criteria to obtain goals-qualifying mortgage loans and increased our investments in higher-risk mortgage loan products that are more likely to serve the borrowers targeted by HUD’s goals and subgoals,
http://www.fanniemae.com/resources/file/ir/pdf/stock-info/series_T_05152008.pdf



HOLY COW! Bush forced them to lower their standards. If only somebody had warned us that Bush's policies would hurt Freddie and Fannie. Wait, somebody did.



Fannie, Freddie to Suffer Under New Rule, Frank Says

Fannie Mae and Freddie Mac would suffer financially under a Bush administration requirement that they channel more mortgage financing to people with low incomes, said the senior Democrat on a congressional panel that sets regulations for the companies.


So if your narrative is "GSEs are to blame" then you have to blame bush


http://democrats.financialservices....s/112/06-17-04-new-Fannie-goals-Bloomberg.pdf


No, the GSEs Did Not Cause the Financial Meltdown (but thats just according to the data)


Wall Street, Not Fannie and Freddie, Led Mortgage Meltdown

Government data show Fannie and Freddie didn’t take the same risks that Wall Street’s mortgage-backed securities machine did. Mortgages financed by Wall Street from 2001 to 2008 were 4½ times more likely to be seriously delinquent than mortgages backed by Fannie and Freddie

Wall Street Not Fannie and Freddie Led Mortgage Meltdown - The Daily Beast

So policy, once made, NEVER changes? Good thing BJ Bill stopped the policy 2 years after it started when they saw what was happening right? To bad Dubya put it back in place in 2004, lol

[/

I don't know what YOUR mental problem is, the FACTS are the Andy Cuomo, and Blow Job Clinton STARTED the housing bubble collapse in 1998.... I do LOVE the denial of REALITY!

Got it, you are an ignorant decietful liar.


WHY WOULD BUSH'S OWN GROUP PUT THE TIME FRAME 'LATE 2004 EXTENDING INTO 2007'? LOL

You STILL are in denial after hearing Andy saying Blow Job and he caused the housing bubble collapse...In case someone hasn't seen Andy's confession...

Yep, he said they took greater risks, YET EVEN WITH DUBYA'S ALLOWING SUBPRIMES TO BE USED IN HIS AFFORDABLE HOUSING GOALS, AND DUBYA RAMPING UP THE GOALS, F/F STILL PERFORMED 450%+ BETTER THAN THE PRIVATE MARKETS. Weird Gov't guaranteed those ones TOO, unlike the VAST majority of private markets.

Now yes, Andy admits $2 billion in subprimes to meet affordable housing goals (a policy BJ Bill stopped in 2000, but Dubya started again in 2004 compared to the $2 trillion wall street mortgage machine? lol

Fukkking moron

 

[Vigilante]

Only the president when he lies the hundreds of times he does.... As CIC he puts out military at risk because of his mental illness!

So you DON'T believe today's veterans DON'T need more mental health services?

Republicans DON'T.

GOP Hypocrites Call Vets Benefits Too Expensive But Want a 600 Billion Tax Cut for Business

Perhaps we can use the money, $7 BILLION per year, that the Manchurian muslim wants for the diseased illegal children from Central America to help REAL American Veterans, instead of INVADERS! Although his dismal handling of the VA HOSPITALS and their corruption under the Obomanation is beyond belief....but YOU could care less...We understand your subversive agenda!

 

[Vigilante]

So policy, once made, NEVER changes? Good thing BJ Bill stopped the policy 2 years after it started when they saw what was happening right? To bad Dubya put it back in place in 2004, lol

[/

I don't know what YOUR mental problem is, the FACTS are the Andy Cuomo, and Blow Job Clinton STARTED the housing bubble collapse in 1998.... I do LOVE the denial of REALITY!

Got it, you are an ignorant decietful liar.


WHY WOULD BUSH'S OWN GROUP PUT THE TIME FRAME 'LATE 2004 EXTENDING INTO 2007'? LOL

You STILL are in denial after hearing Andy saying Blow Job and he caused the housing bubble collapse...In case someone hasn't seen Andy's confession...

Yep, he said they took greater risks, YET EVEN WITH DUBYA'S ALLOWING SUBPRIMES TO BE USED IN HIS AFFORDABLE HOUSING GOALS, AND DUBYA RAMPING UP THE GOALS, F/F STILL PERFORMED 450%+ BETTER THAN THE PRIVATE MARKETS. Weird Gov't guaranteed those ones TOO, unlike the VAST majority of private markets.

Now yes, Andy admits $2 billion in subprimes to meet affordable housing goals (a policy BJ Bill stopped in 2000, but Dubya started again in 2004 compared to the $2 trillion wall street mortgage machine? lol

Fukkking moron

Are you admitting Andrew Cuomo and Blow Job Clinton STARTED the Housing Bubble collapse...JUST FOR THE RECORD!!!!

 

[OnePercenter]

Perhaps we can use the money, $7 BILLION per year, that the Manchurian muslim wants for the diseased illegal children from Central America to help REAL American Veterans, instead of INVADERS! Although his dismal handling of the VA HOSPITALS and their corruption under the Obomanation is beyond belief....but YOU could care less...We understand your subversive agenda!

Or we could fix the problem.


-Base Federal tax for corporations at 30% of revenue.

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2013 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-off’s/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.

-Companies with 400 employees or less, employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.

-Adjust Social Security and private/public retirement and pension payments using 1970-2013 price structure.

-Remove the FICA limit.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.

-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.

-Make inversion illegal.

 

[Soggy in NOLA]

Perhaps we can use the money, $7 BILLION per year, that the Manchurian muslim wants for the diseased illegal children from Central America to help REAL American Veterans, instead of INVADERS! Although his dismal handling of the VA HOSPITALS and their corruption under the Obomanation is beyond belief....but YOU could care less...We understand your subversive agenda!

Or we could fix the problem.


-Base Federal tax for corporations at 30% of revenue.

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2013 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-off’s/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.

-Companies with 400 employees or less, employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.

-Adjust Social Security and private/public retirement and pension payments using 1970-2013 price structure.

-Remove the FICA limit.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.

-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.

-Make inversion illegal.

lol

 

[CrusaderFrank]

Perhaps we can use the money, $7 BILLION per year, that the Manchurian muslim wants for the diseased illegal children from Central America to help REAL American Veterans, instead of INVADERS! Although his dismal handling of the VA HOSPITALS and their corruption under the Obomanation is beyond belief....but YOU could care less...We understand your subversive agenda!

Or we could fix the problem.


-Base Federal tax for corporations at 30% of revenue.

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2013 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-off’s/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.

-Companies with 400 employees or less, employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.

-Adjust Social Security and private/public retirement and pension payments using 1970-2013 price structure.

-Remove the FICA limit.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.

-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.

-Make inversion illegal.

^ Exhibit A: Why Progressive economies Fail 100% of the time no matter the size or scope

 

[Vigilante]

Perhaps we can use the money, $7 BILLION per year, that the Manchurian muslim wants for the diseased illegal children from Central America to help REAL American Veterans, instead of INVADERS! Although his dismal handling of the VA HOSPITALS and their corruption under the Obomanation is beyond belief....but YOU could care less...We understand your subversive agenda!

Or we could fix the problem.


-Base Federal tax for corporations at 30% of revenue.

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2013 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-off’s/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.

-Companies with 400 employees or less, employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.

-Adjust Social Security and private/public retirement and pension payments using 1970-2013 price structure.

-Remove the FICA limit.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.

-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.

-Make inversion illegal.

No, you don't get away that easily subversive.... we KNOW exactly why you hate our military and our veterans!

 

[auditor0007]

It doesn't matter.

Obumble is now a Lame Duck.

He lost both chambers of Congress.

Congress has turned its back on him.

The Failed Messiah has failed himself, his country, and his party - many of whom are running from him at the speed of light.

Prospects for a Democrat in the White House anytime soon after 2016 continue to dwindle.

I have no clue which of a hundred-and-one losers that the Pubs will put-up for election.

But they'd have to phukk-up pretty badly now, not to kick the ass of the Dems' choice.

You are buying way too much into last year's election results. Republicans won in what were mostly Republican states. The total congressional vote was very close, and this was in a year when Republicans were very excited about the election and many Dems stayed home. The problem for Republicans is that this will not happen in 2016. Dems will vote, and we will have Hillary as President. Along with her, Dems will likely take back a few Senate seats and they most certainly show significant gains in the House.

 

[Kondor3]

It doesn't matter.

Obumble is now a Lame Duck.

He lost both chambers of Congress.

Congress has turned its back on him.

The Failed Messiah has failed himself, his country, and his party - many of whom are running from him at the speed of light.

Prospects for a Democrat in the White House anytime soon after 2016 continue to dwindle.

I have no clue which of a hundred-and-one losers that the Pubs will put-up for election.

But they'd have to phukk-up pretty badly now, not to kick the ass of the Dems' choice.

You are buying way too much into last year's election results. Republicans won in what were mostly Republican states. The total congressional vote was very close, and this was in a year when Republicans were very excited about the election and many Dems stayed home. The problem for Republicans is that this will not happen in 2016. Dems will vote, and we will have Hillary as President. Along with her, Dems will likely take back a few Senate seats and they most certainly show significant gains in the House.

We will know the answer to this question, with certainty, in approximately 23 months.

 

[Synthaholic]

It doesn't matter.

Obumble is now a Lame Duck.

He lost both chambers of Congress.

Congress has turned its back on him.

The Failed Messiah has failed himself, his country, and his party - many of whom are running from him at the speed of light.

Prospects for a Democrat in the White House anytime soon after 2016 continue to dwindle.

I have no clue which of a hundred-and-one losers that the Pubs will put-up for election.

But they'd have to phukk-up pretty badly now, not to kick the ass of the Dems' choice.

What doesn't matter is this failed attempt to deflect.

The thread is about Palin, not the president.

Yup. And she has passed her expiration date. Even the wingnuts are starting to recognize what a dope she is, and how they have been so foolish to follow her as their queen.

 

[Dad2three]

So policy, once made, NEVER changes? Good thing BJ Bill stopped the policy 2 years after it started when they saw what was happening right? To bad Dubya put it back in place in 2004, lol

[/

I don't know what YOUR mental problem is, the FACTS are the Andy Cuomo, and Blow Job Clinton STARTED the housing bubble collapse in 1998.... I do LOVE the denial of REALITY!

Got it, you are an ignorant decietful liar.


WHY WOULD BUSH'S OWN GROUP PUT THE TIME FRAME 'LATE 2004 EXTENDING INTO 2007'? LOL

You STILL are in denial after hearing Andy saying Blow Job and he caused the housing bubble collapse...In case someone hasn't seen Andy's confession...

Yep, he said they took greater risks, YET EVEN WITH DUBYA'S ALLOWING SUBPRIMES TO BE USED IN HIS AFFORDABLE HOUSING GOALS, AND DUBYA RAMPING UP THE GOALS, F/F STILL PERFORMED 450%+ BETTER THAN THE PRIVATE MARKETS. Weird Gov't guaranteed those ones TOO, unlike the VAST majority of private markets.

Now yes, Andy admits $2 billion in subprimes to meet affordable housing goals (a policy BJ Bill stopped in 2000, but Dubya started again in 2004 compared to the $2 trillion wall street mortgage machine? lol

Fukkking moron

Are you admitting Andrew Cuomo and Blow Job Clinton STARTED the Housing Bubble collapse...JUST FOR THE RECORD!!!!

Sorry if you are to ignorant to THINK that a program started under Clintin that cost $2 billion WHILE there was already a subprime market of almost $300 billion a YEAR AND STOPPED 2 YEARS LATER, HAD ANYTHING TO DO WITH DUBYA'S FORCING F/F TO BUY $440 BILLION IN MBS'S BEGINNING IN 2004 TO MEET HIS HOME OWNERSHIP GOALS FROM 2004-2007 OR LOOSENING THE RULES CLINTON HAD STOPPED IN 2000 THAT DUBYA ALLOWED TO CONT IN 2004, AND ACTUALLY INCREASED IT BY MORE THAN 20%, LOL

Government data show Fannie and Freddie didn’t take the same risks that Wall Street’s mortgage-backed securities machine did. Mortgages financed by Wall Street from 2001 to 2008 were 4½ times more likely to be seriously delinquent than mortgages backed by Fannie and Freddie


Wall Street Not Fannie and Freddie Led Mortgage Meltdown - The Daily Beast



Q When did the Bush Mortgage Bubble start?

A The general timeframe is it started late 2004.

From Bush’s President’s Working Group on Financial Markets October 2008

“The Presidents Working Group’s March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.”




FACTS on Dubya s great recession US Message Board - Political Discussion Forum

YEAH, THIS WAS CLINTON:

LOL

the link below clearly states subprime was 10 % in 2003. 9% in 2001 to 10% in 2003 is only a 1% increase. A 1 % increase over 3 years is flat not explosive. 10 % in 2003 to 40% in 2006 is explosive. So the explosive growth started in 2004 which lines up pretty good but not exactly with the timeframe of the Bush Mortgage Bubble.


“In dollar terms, nonprime mortgages represented 32 percent of all mortgage originations in 2005, more than triple their 10 percent share only two years earlier


FRB: Finance and Economics Discussion Series: Screen Reader Version - 200899


LOL, A $2 BILLION PROGRAM? GROW A BRAIN DUMMY

 

[Kosh]

See the far left continues to show that they will throw every tantrum they can (like a two year old) as Americans reject their religion..

 

[OnePercenter]

[
No, you don't get away that easily subversive.... we KNOW exactly why you hate our military and our veterans!

How can I hate our military and Veterans, I DON'T vote Republican.

The majority of my $1.6M in charitable contributions last year went to the USO and Wounded Warriors Fund. I figure as long as people like you that hate our military and Veterans by voting Republican, the two organizations can use the help.