Trump blames Obama for doubling the debt

[Toddsterpatriot]

I know how you asswipes love brutal dictators as you worship Putin & Duterte,

It's a good thing Obama was so flexible with Putin, eh?

Dummy, there is no context for "flexible" comment in 2012, but we KNOW that in 2014 Obama put a boot up Putin's ass and sent Russian economy into a recession as soon as he ventured into Ukraine.

Compare that to

80 times Trump talked about Putin

Here is a gem:

Sept. 13, 2013
Trump praises Putin for his criticism of the term “American exceptionalism:”

“You think of the term as being fine, but all of sudden you say, what if you’re in Germany or Japan or any one of 100 different countries? You’re not going to like that term,” Trump told CNN. “It’s very insulting and Putin really put it to him (Obama) about that.”

there is no context for "flexible" comment in 2012

So why did Obama laugh when Romney said Russia was a threat?
And what do you think Obama was going to be flexible about?

1. You are misrepresenting what Mitt said, because he did not say that Russia was merely a threat, but a TOP foe.

Actual quote: "This [Russia] is without question our No. 1 geopolitical foe."

2. in 2014, 2 years after "flexible" comments, Russia took on a far more aggressive stance toward US after we smashed their economy for the Ukrainian mis-adventures.

he did not say that Russia was merely a threat, but a TOP foe.

They spent a couple on thousand dollars of Facebook ads to deny Hillary the Presidency.
That doesn't make them a top foe?

in 2014, 2 years after "flexible" comments, Russia took on a far more aggressive stance toward US after we smashed their economy for the Ukrainian mis-adventures.

Obama was so weak, Putin felt there was no risk in invading Ukraine.

Russia did not "deny Hillary the presidency" the American voters did that.

wikileaks put out the truth about the corruption and lying by the Hillary campaign, the DNC, the media, and Hillary herself. There is no proof that wikileaks got the info from Russia.

Deal with reality, the US voters rejected crooked Hillary, the dem party, the media, and the lying pollsters. None of that lying shit worked.

Russia did not "deny Hillary the presidency" the American voters did that.

I know, just tweaking the idiots.

 

[francoHFW]

Amazing how you just MAKE BULLSHIT UP on the fly. Totally clueless tool.

In 2003 Bush admin was prodding GSEs to "keep up with the private market" in buying up Alt-A and subprime backed securities. and while they were market participators they ALWAYS made up a clear minority on the buy in:

Amazing how you just MAKE BULLSHIT UP on the fly.

Really? What did I make up?

In 2003 Bush admin was prodding GSEs to "keep up with the private market" in buying up Alt-A and subprime backed securities.

Yup. Clinton and Bush pushed them to load up on crap.

His (Barney Frank) most successful effort was to impose what were called "affordable housing" requirements on Fannie Mae and Freddie Mac in 1992. Before that time, these two government sponsored enterprises (GSEs) had been required to buy only mortgages that institutional investors would buy--in other words, prime mortgages--but Frank and others thought these standards made it too difficult for low income borrowers to buy homes. The affordable housing law required Fannie and Freddie to meet government quotas when they bought loans from banks and other mortgage originators.

At first, this quota was 30%; that is, of all the loans they bought, 30% had to be made to people at or below the median income in their communities. HUD, however, was given authority to administer these quotas, and between 1992 and 2007, the quotas were raised from 30% to 50% under Clinton in 2000 and to 55% under Bush in 2007. Despite Frank's effort to make this seem like a partisan issue, it isn't. The Bush administration was just as guilty of this error as the Clinton administration. And Frank is right to say that he eventually saw his error and corrected it when he got the power to do so in 2007, but by then it was too late.


and while they were market participators they ALWAYS made up a clear minority on the buy in:

A minority that totaled over $1 trillion by 2002.

It is certainly possible to find prime mortgages among borrowers below the median income, but when half or more of the mortgages the GSEs bought had to be made to people below that income level, it was inevitable that underwriting standards had to decline. And they did. By 2000, Fannie was offering no-downpayment loans. By 2002, Fannie and Freddie had bought well over $1 trillion of subprime and other low quality loans. Fannie and Freddie were by far the largest part of this effort, but the FHA, Federal Home Loan Banks, Veterans Administration and other agencies--all under congressional and HUD pressure--followed suit. This continued through the 1990s and 2000s until the housing bubble--created by all this government-backed spending--collapsed in 2007. As a result, in 2008, before the mortgage meltdown that triggered the crisis, there were 27 million subprime and other low quality mortgages in the US financial system. That was half of all mortgages. Of these, over 70% (19.2 million) were on the books of government agencies like Fannie and Freddie, so there is no doubt that the government created the demand for these weak loans; less than 30% (7.8 million) were held or distributed by the banks, which profited from the opportunity created by the government.

Hey, Barney Frank: The Government Did Cause the Housing Crisis

B*******. Bailouts for Fannie and Freddie whereabout 1/4 of it, because they sold good subprime, many fewer toxic assets. It was all Countryside AIG and crony Bush regulators from 2003 to 2006. Try some real news sometime jackass.

Bailouts for Fannie and Freddie whereabout 1/4 of it

Huh?

because they sold good subprime

They were buyers you twat. HUD required Fannie and Freddie to make up to 55% of their mortgage purchases from the "affordable" subprime side of the market.

It was all Countryside AIG and crony Bush regulators from 2003 to 2006.

Countrywide, you stupid knob. Fannie Mae was the largest buyer of Countrywide mortgages.

Country-Wide was corrupt, Fannie and Freddie got in late and did much fewer bad Mortgages. In general the real problem was Bush Regulators were Pals with the corrupt. How can you know so much and still miss the point? Totally.

Country-Wide was corrupt, Fannie and Freddie got in late and did much fewer bad Mortgages.

Fannie and Freddie didn't originate mortgages, moron!
Starting under Clinton and ramping up under Bush, HUD required them to buy more and more crappy mortgages.
They were Countrywide's biggest customers.

Countrywide AIG other private lenders and GOP crony regulators caused the problem. Keep splitting hairs dupe.... Fannie and Freddie's share of the market went from 70% to 30% in 2003. I hate economics LOL.

 

[francoHFW]

Dummy, there is no context for "flexible" comment in 2012, but we KNOW that in 2014 Obama put a boot up Putin's ass and sent Russian economy into a recession as soon as he ventured into Ukraine.

Compare that to

80 times Trump talked about Putin

Here is a gem:

Sept. 13, 2013
Trump praises Putin for his criticism of the term “American exceptionalism:”

“You think of the term as being fine, but all of sudden you say, what if you’re in Germany or Japan or any one of 100 different countries? You’re not going to like that term,” Trump told CNN. “It’s very insulting and Putin really put it to him (Obama) about that.”

there is no context for "flexible" comment in 2012

So why did Obama laugh when Romney said Russia was a threat?
And what do you think Obama was going to be flexible about?

1. You are misrepresenting what Mitt said, because he did not say that Russia was merely a threat, but a TOP foe.

Actual quote: "This [Russia] is without question our No. 1 geopolitical foe."

2. in 2014, 2 years after "flexible" comments, Russia took on a far more aggressive stance toward US after we smashed their economy for the Ukrainian mis-adventures.

he did not say that Russia was merely a threat, but a TOP foe.

They spent a couple on thousand dollars of Facebook ads to deny Hillary the Presidency.
That doesn't make them a top foe?

in 2014, 2 years after "flexible" comments, Russia took on a far more aggressive stance toward US after we smashed their economy for the Ukrainian mis-adventures.

Obama was so weak, Putin felt there was no risk in invading Ukraine.

Russia did not "deny Hillary the presidency" the American voters did that.

wikileaks put out the truth about the corruption and lying by the Hillary campaign, the DNC, the media, and Hillary herself. There is no proof that wikileaks got the info from Russia.

Deal with reality, the US voters rejected crooked Hillary, the dem party, the media, and the lying pollsters. None of that lying shit worked.

Russia did not "deny Hillary the presidency" the American voters did that.

I know, just tweaking the idiots.

I think it's pretty obvious the election was so close that several b******* factors and Hillary's poor job caused her loss. Breaking, she wasn't corrupt nor was Obama or the foundation, Dupes.

 

[francoHFW]

Lets not leave out the elephant in the room. We are still paying interest on the two unfunded wars from the Bush administration. Obama inherited that bill and now trump has inherited it.

the democrats in congress authorized and funded those fiascos, both parties are to blame. deal with reality and stop the partisan bullshit

Funded? How were they funded?

The vote was the Iraq resolution which said Bush would use all other options prior to invasion. The majority of Democrats in the House voted no while nearly every Republican aid yes. Nearly all the no votes in the Senate were Democrat.

Furthermore their vote was based on the Bush Administration assessment which said the Iran could shortly have a nuke & sell it to terrorists. I think it was " The smoking gun might be in the form of a mushroom cloud.

Blaming Congress for believing the White House lies is chickenshit.

Everyone believed that Saddam had WMDs, the UN, the UK, the EU, Saudi Arabia, Israel, Germany, France, Spain, Jordan, etc. It wasn't a Bush lie, it was a common belief started by the UN. It is very possible that those weapons did exist and were sent to Syria where Assad used the gas ones on his own people.

Congress did provide funding for the Iraq fiasco and both parties voted for it. It was a stupid waste of money and lives, but it wasn't just Bush, they all have blood on their hands.

Since you brought up white house lies, how about these?

If you like your plan you can keep it
the average family will save $2500 per year
it was caused by a video
I never sent any classified material on my private server


Did you believe those lies?

No only American dupes believed Saddam had wmds. Alley-oops enjoyed their GOP scam health plans. The $2,500 was when ObamaCare was implemented and there is evidence that quite a bit of money has been saved already over the GOP scam system. Even with all the sabotaged from the GOP and their crony insurers. The CIA still believes the video Cause the attack just like all the other attacks across the Middle East at the time. Only dupes don't, Dupe. The whole Hillary email Scandal is b*******. None of her emails were important and her server appears to be the only one that was intact. What are the gigantic pile of crap you believe stupid...

 

[Toddsterpatriot]

Amazing how you just MAKE BULLSHIT UP on the fly.

Really? What did I make up?

In 2003 Bush admin was prodding GSEs to "keep up with the private market" in buying up Alt-A and subprime backed securities.

Yup. Clinton and Bush pushed them to load up on crap.

His (Barney Frank) most successful effort was to impose what were called "affordable housing" requirements on Fannie Mae and Freddie Mac in 1992. Before that time, these two government sponsored enterprises (GSEs) had been required to buy only mortgages that institutional investors would buy--in other words, prime mortgages--but Frank and others thought these standards made it too difficult for low income borrowers to buy homes. The affordable housing law required Fannie and Freddie to meet government quotas when they bought loans from banks and other mortgage originators.

At first, this quota was 30%; that is, of all the loans they bought, 30% had to be made to people at or below the median income in their communities. HUD, however, was given authority to administer these quotas, and between 1992 and 2007, the quotas were raised from 30% to 50% under Clinton in 2000 and to 55% under Bush in 2007. Despite Frank's effort to make this seem like a partisan issue, it isn't. The Bush administration was just as guilty of this error as the Clinton administration. And Frank is right to say that he eventually saw his error and corrected it when he got the power to do so in 2007, but by then it was too late.


and while they were market participators they ALWAYS made up a clear minority on the buy in:

A minority that totaled over $1 trillion by 2002.

It is certainly possible to find prime mortgages among borrowers below the median income, but when half or more of the mortgages the GSEs bought had to be made to people below that income level, it was inevitable that underwriting standards had to decline. And they did. By 2000, Fannie was offering no-downpayment loans. By 2002, Fannie and Freddie had bought well over $1 trillion of subprime and other low quality loans. Fannie and Freddie were by far the largest part of this effort, but the FHA, Federal Home Loan Banks, Veterans Administration and other agencies--all under congressional and HUD pressure--followed suit. This continued through the 1990s and 2000s until the housing bubble--created by all this government-backed spending--collapsed in 2007. As a result, in 2008, before the mortgage meltdown that triggered the crisis, there were 27 million subprime and other low quality mortgages in the US financial system. That was half of all mortgages. Of these, over 70% (19.2 million) were on the books of government agencies like Fannie and Freddie, so there is no doubt that the government created the demand for these weak loans; less than 30% (7.8 million) were held or distributed by the banks, which profited from the opportunity created by the government.

Hey, Barney Frank: The Government Did Cause the Housing Crisis

B*******. Bailouts for Fannie and Freddie whereabout 1/4 of it, because they sold good subprime, many fewer toxic assets. It was all Countryside AIG and crony Bush regulators from 2003 to 2006. Try some real news sometime jackass.

Bailouts for Fannie and Freddie whereabout 1/4 of it

Huh?

because they sold good subprime

They were buyers you twat. HUD required Fannie and Freddie to make up to 55% of their mortgage purchases from the "affordable" subprime side of the market.

It was all Countryside AIG and crony Bush regulators from 2003 to 2006.

Countrywide, you stupid knob. Fannie Mae was the largest buyer of Countrywide mortgages.

Country-Wide was corrupt, Fannie and Freddie got in late and did much fewer bad Mortgages. In general the real problem was Bush Regulators were Pals with the corrupt. How can you know so much and still miss the point? Totally.

Country-Wide was corrupt, Fannie and Freddie got in late and did much fewer bad Mortgages.

Fannie and Freddie didn't originate mortgages, moron!
Starting under Clinton and ramping up under Bush, HUD required them to buy more and more crappy mortgages.
They were Countrywide's biggest customers.

Countrywide AIG other private lenders and GOP crony regulators caused the problem. Keep splitting hairs dupe.... Fannie and Freddie's share of the market went from 70% to 30% in 2003. I hate economics LOL.

Countrywide AIG other private lenders and GOP crony regulators caused the problem

Countrywide wrote crap to supply Fannie and Freddie's demand for crap.

AIG wasn't a lender you fucking moron.

Fannie and Freddie's share of the market went from 70% to 30% in 2003.

When was their Dem accounting scandal again?

I hate economics

No kidding, it involves math, you're a moron.

 

[Toddsterpatriot]

Lets not leave out the elephant in the room. We are still paying interest on the two unfunded wars from the Bush administration. Obama inherited that bill and now trump has inherited it.

the democrats in congress authorized and funded those fiascos, both parties are to blame. deal with reality and stop the partisan bullshit

Funded? How were they funded?

The vote was the Iraq resolution which said Bush would use all other options prior to invasion. The majority of Democrats in the House voted no while nearly every Republican aid yes. Nearly all the no votes in the Senate were Democrat.

Furthermore their vote was based on the Bush Administration assessment which said the Iran could shortly have a nuke & sell it to terrorists. I think it was " The smoking gun might be in the form of a mushroom cloud.

Blaming Congress for believing the White House lies is chickenshit.

Everyone believed that Saddam had WMDs, the UN, the UK, the EU, Saudi Arabia, Israel, Germany, France, Spain, Jordan, etc. It wasn't a Bush lie, it was a common belief started by the UN. It is very possible that those weapons did exist and were sent to Syria where Assad used the gas ones on his own people.

Congress did provide funding for the Iraq fiasco and both parties voted for it. It was a stupid waste of money and lives, but it wasn't just Bush, they all have blood on their hands.

Since you brought up white house lies, how about these?

If you like your plan you can keep it
the average family will save $2500 per year
it was caused by a video
I never sent any classified material on my private server


Did you believe those lies?

No only American dupes believed Saddam had wmds. Alley-oops enjoyed their GOP scam health plans. The $2,500 was when ObamaCare was implemented and there is evidence that quite a bit of money has been saved already over the GOP scam system. Even with all the sabotaged from the GOP and their crony insurers. The CIA still believes the video Cause the attack just like all the other attacks across the Middle East at the time. Only dupes don't, Dupe. The whole Hillary email Scandal is b*******. None of her emails were important and her server appears to be the only one that was intact. What are the gigantic pile of crap you believe stupid...

No only American dupes believed Saddam had wmds

But enough about Bill and Hillary.

 

[francoHFW]

funny how Fannie and Freddie's share of the market went down 60 70 per cent in 2003, eh dupe?

funny how Fannie and Freddie's share of the market went down 60 70 per cent in 2003

Anything to do with the Democrat accounting scandal at Fannie and Freddie? Moron.

Hey, lets buy a couple of hundred billion in crappy mortgages to get that share back up, eh?
What could go wrong?

Amazing how you just MAKE BULLSHIT UP on the fly. Totally clueless tool.

In 2003 Bush admin was prodding GSEs to "keep up with the private market" in buying up Alt-A and subprime backed securities. and while they were market participators they ALWAYS made up a clear minority on the buy in:

Amazing how you just MAKE BULLSHIT UP on the fly.

Really? What did I make up?

In 2003 Bush admin was prodding GSEs to "keep up with the private market" in buying up Alt-A and subprime backed securities.

Yup. Clinton and Bush pushed them to load up on crap.

His (Barney Frank) most successful effort was to impose what were called "affordable housing" requirements on Fannie Mae and Freddie Mac in 1992. Before that time, these two government sponsored enterprises (GSEs) had been required to buy only mortgages that institutional investors would buy--in other words, prime mortgages--but Frank and others thought these standards made it too difficult for low income borrowers to buy homes. The affordable housing law required Fannie and Freddie to meet government quotas when they bought loans from banks and other mortgage originators.

At first, this quota was 30%; that is, of all the loans they bought, 30% had to be made to people at or below the median income in their communities. HUD, however, was given authority to administer these quotas, and between 1992 and 2007, the quotas were raised from 30% to 50% under Clinton in 2000 and to 55% under Bush in 2007. Despite Frank's effort to make this seem like a partisan issue, it isn't. The Bush administration was just as guilty of this error as the Clinton administration. And Frank is right to say that he eventually saw his error and corrected it when he got the power to do so in 2007, but by then it was too late.


and while they were market participators they ALWAYS made up a clear minority on the buy in:

A minority that totaled over $1 trillion by 2002.

It is certainly possible to find prime mortgages among borrowers below the median income, but when half or more of the mortgages the GSEs bought had to be made to people below that income level, it was inevitable that underwriting standards had to decline. And they did. By 2000, Fannie was offering no-downpayment loans. By 2002, Fannie and Freddie had bought well over $1 trillion of subprime and other low quality loans. Fannie and Freddie were by far the largest part of this effort, but the FHA, Federal Home Loan Banks, Veterans Administration and other agencies--all under congressional and HUD pressure--followed suit. This continued through the 1990s and 2000s until the housing bubble--created by all this government-backed spending--collapsed in 2007. As a result, in 2008, before the mortgage meltdown that triggered the crisis, there were 27 million subprime and other low quality mortgages in the US financial system. That was half of all mortgages. Of these, over 70% (19.2 million) were on the books of government agencies like Fannie and Freddie, so there is no doubt that the government created the demand for these weak loans; less than 30% (7.8 million) were held or distributed by the banks, which profited from the opportunity created by the government.

Hey, Barney Frank: The Government Did Cause the Housing Crisis

B*******. Bailouts for Fannie and Freddie whereabout 1/4 of it, because they sold good subprime, many fewer toxic assets. It was all Countryside AIG and crony Bush regulators from 2003 to 2006. Try some real news sometime jackass.

Bailouts for Fannie and Freddie whereabout 1/4 of it

Huh?

because they sold good subprime

They were buyers you twat. HUD required Fannie and Freddie to make up to 55% of their mortgage purchases from the "affordable" subprime side of the market.

It was all Countryside AIG and crony Bush regulators from 2003 to 2006.

Countrywide, you stupid knob. Fannie Mae was the largest buyer of Countrywide mortgages.

Though Fannie and Freddie were involved with so many subprime mortgages, they only got one quarter of the bailouts, so obviously they were involved with Worthy applicants. Unlike those who dealt with Countrywide Etc and GOP crony regulators... Want a diagram?

 

[francoHFW]

Lets not leave out the elephant in the room. We are still paying interest on the two unfunded wars from the Bush administration. Obama inherited that bill and now trump has inherited it.

the democrats in congress authorized and funded those fiascos, both parties are to blame. deal with reality and stop the partisan bullshit

Funded? How were they funded?

The vote was the Iraq resolution which said Bush would use all other options prior to invasion. The majority of Democrats in the House voted no while nearly every Republican aid yes. Nearly all the no votes in the Senate were Democrat.

Furthermore their vote was based on the Bush Administration assessment which said the Iran could shortly have a nuke & sell it to terrorists. I think it was " The smoking gun might be in the form of a mushroom cloud.

Blaming Congress for believing the White House lies is chickenshit.

Everyone believed that Saddam had WMDs, the UN, the UK, the EU, Saudi Arabia, Israel, Germany, France, Spain, Jordan, etc. It wasn't a Bush lie, it was a common belief started by the UN. It is very possible that those weapons did exist and were sent to Syria where Assad used the gas ones on his own people.

Congress did provide funding for the Iraq fiasco and both parties voted for it. It was a stupid waste of money and lives, but it wasn't just Bush, they all have blood on their hands.

Since you brought up white house lies, how about these?

If you like your plan you can keep it
the average family will save $2500 per year
it was caused by a video
I never sent any classified material on my private server


Did you believe those lies?

No only American dupes believed Saddam had wmds. Alley-oops enjoyed their GOP scam health plans. The $2,500 was when ObamaCare was implemented and there is evidence that quite a bit of money has been saved already over the GOP scam system. Even with all the sabotaged from the GOP and their crony insurers. The CIA still believes the video Cause the attack just like all the other attacks across the Middle East at the time. Only dupes don't, Dupe. The whole Hillary email Scandal is b*******. None of her emails were important and her server appears to be the only one that was intact. What are the gigantic pile of crap you believe stupid...

No only American dupes believed Saddam had wmds

But enough about Bill and Hillary.

GOP Hypocrites, fools, and dupes were behind it 80% of America believed Saddam was involved in 911 because of pure b******* just like you believe about everything today.

 

[francoHFW]

B*******. Bailouts for Fannie and Freddie whereabout 1/4 of it, because they sold good subprime, many fewer toxic assets. It was all Countryside AIG and crony Bush regulators from 2003 to 2006. Try some real news sometime jackass.

Bailouts for Fannie and Freddie whereabout 1/4 of it

Huh?

because they sold good subprime

They were buyers you twat. HUD required Fannie and Freddie to make up to 55% of their mortgage purchases from the "affordable" subprime side of the market.

It was all Countryside AIG and crony Bush regulators from 2003 to 2006.

Countrywide, you stupid knob. Fannie Mae was the largest buyer of Countrywide mortgages.

Country-Wide was corrupt, Fannie and Freddie got in late and did much fewer bad Mortgages. In general the real problem was Bush Regulators were Pals with the corrupt. How can you know so much and still miss the point? Totally.

Country-Wide was corrupt, Fannie and Freddie got in late and did much fewer bad Mortgages.

Fannie and Freddie didn't originate mortgages, moron!
Starting under Clinton and ramping up under Bush, HUD required them to buy more and more crappy mortgages.
They were Countrywide's biggest customers.

Countrywide AIG other private lenders and GOP crony regulators caused the problem. Keep splitting hairs dupe.... Fannie and Freddie's share of the market went from 70% to 30% in 2003. I hate economics LOL.

Countrywide AIG other private lenders and GOP crony regulators caused the problem

Countrywide wrote crap to supply Fannie and Freddie's demand for crap.

AIG wasn't a lender you fucking moron.

Fannie and Freddie's share of the market went from 70% to 30% in 2003.

When was their Dem accounting scandal again?

I hate economics

No kidding, it involves math, you're a moron.

AIG were the insurers that bush Regulators allowed to get away with murder along with those who rated all this crap a plus, bundled it and sold around the world... As well as advising foreign Lenders how to do it. Great job GOP and silly Dupes like you. Your are lost in the math, keep splitting hairs and being duped...

 

[Toddsterpatriot]

funny how Fannie and Freddie's share of the market went down 60 70 per cent in 2003

Anything to do with the Democrat accounting scandal at Fannie and Freddie? Moron.

Hey, lets buy a couple of hundred billion in crappy mortgages to get that share back up, eh?
What could go wrong?

Amazing how you just MAKE BULLSHIT UP on the fly. Totally clueless tool.

In 2003 Bush admin was prodding GSEs to "keep up with the private market" in buying up Alt-A and subprime backed securities. and while they were market participators they ALWAYS made up a clear minority on the buy in:

Amazing how you just MAKE BULLSHIT UP on the fly.

Really? What did I make up?

In 2003 Bush admin was prodding GSEs to "keep up with the private market" in buying up Alt-A and subprime backed securities.

Yup. Clinton and Bush pushed them to load up on crap.

His (Barney Frank) most successful effort was to impose what were called "affordable housing" requirements on Fannie Mae and Freddie Mac in 1992. Before that time, these two government sponsored enterprises (GSEs) had been required to buy only mortgages that institutional investors would buy--in other words, prime mortgages--but Frank and others thought these standards made it too difficult for low income borrowers to buy homes. The affordable housing law required Fannie and Freddie to meet government quotas when they bought loans from banks and other mortgage originators.

At first, this quota was 30%; that is, of all the loans they bought, 30% had to be made to people at or below the median income in their communities. HUD, however, was given authority to administer these quotas, and between 1992 and 2007, the quotas were raised from 30% to 50% under Clinton in 2000 and to 55% under Bush in 2007. Despite Frank's effort to make this seem like a partisan issue, it isn't. The Bush administration was just as guilty of this error as the Clinton administration. And Frank is right to say that he eventually saw his error and corrected it when he got the power to do so in 2007, but by then it was too late.


and while they were market participators they ALWAYS made up a clear minority on the buy in:

A minority that totaled over $1 trillion by 2002.

It is certainly possible to find prime mortgages among borrowers below the median income, but when half or more of the mortgages the GSEs bought had to be made to people below that income level, it was inevitable that underwriting standards had to decline. And they did. By 2000, Fannie was offering no-downpayment loans. By 2002, Fannie and Freddie had bought well over $1 trillion of subprime and other low quality loans. Fannie and Freddie were by far the largest part of this effort, but the FHA, Federal Home Loan Banks, Veterans Administration and other agencies--all under congressional and HUD pressure--followed suit. This continued through the 1990s and 2000s until the housing bubble--created by all this government-backed spending--collapsed in 2007. As a result, in 2008, before the mortgage meltdown that triggered the crisis, there were 27 million subprime and other low quality mortgages in the US financial system. That was half of all mortgages. Of these, over 70% (19.2 million) were on the books of government agencies like Fannie and Freddie, so there is no doubt that the government created the demand for these weak loans; less than 30% (7.8 million) were held or distributed by the banks, which profited from the opportunity created by the government.

Hey, Barney Frank: The Government Did Cause the Housing Crisis

B*******. Bailouts for Fannie and Freddie whereabout 1/4 of it, because they sold good subprime, many fewer toxic assets. It was all Countryside AIG and crony Bush regulators from 2003 to 2006. Try some real news sometime jackass.

Bailouts for Fannie and Freddie whereabout 1/4 of it

Huh?

because they sold good subprime

They were buyers you twat. HUD required Fannie and Freddie to make up to 55% of their mortgage purchases from the "affordable" subprime side of the market.

It was all Countryside AIG and crony Bush regulators from 2003 to 2006.

Countrywide, you stupid knob. Fannie Mae was the largest buyer of Countrywide mortgages.

Though Fannie and Freddie were involved with so many subprime mortgages, they only got one quarter of the bailouts, so obviously they were involved with Worthy applicants. Unlike those who dealt with Countrywide Etc and GOP crony regulators... Want a diagram?

Though Fannie and Freddie were involved with so many subprime mortgages

Over $1 trillion, by 2002.

Though Fannie and Freddie were involved with so many subprime mortgages, they only got one quarter of the bailouts,

I know, 2 companies that got nearly $200 billion. Hardly anything. DERP!

Unlike those who dealt with Countrywide

Like Fannie and Freddie dealt? LOL!

 

[Toddsterpatriot]

the democrats in congress authorized and funded those fiascos, both parties are to blame. deal with reality and stop the partisan bullshit

Funded? How were they funded?

The vote was the Iraq resolution which said Bush would use all other options prior to invasion. The majority of Democrats in the House voted no while nearly every Republican aid yes. Nearly all the no votes in the Senate were Democrat.

Furthermore their vote was based on the Bush Administration assessment which said the Iran could shortly have a nuke & sell it to terrorists. I think it was " The smoking gun might be in the form of a mushroom cloud.

Blaming Congress for believing the White House lies is chickenshit.

Everyone believed that Saddam had WMDs, the UN, the UK, the EU, Saudi Arabia, Israel, Germany, France, Spain, Jordan, etc. It wasn't a Bush lie, it was a common belief started by the UN. It is very possible that those weapons did exist and were sent to Syria where Assad used the gas ones on his own people.

Congress did provide funding for the Iraq fiasco and both parties voted for it. It was a stupid waste of money and lives, but it wasn't just Bush, they all have blood on their hands.

Since you brought up white house lies, how about these?

If you like your plan you can keep it
the average family will save $2500 per year
it was caused by a video
I never sent any classified material on my private server


Did you believe those lies?

No only American dupes believed Saddam had wmds. Alley-oops enjoyed their GOP scam health plans. The $2,500 was when ObamaCare was implemented and there is evidence that quite a bit of money has been saved already over the GOP scam system. Even with all the sabotaged from the GOP and their crony insurers. The CIA still believes the video Cause the attack just like all the other attacks across the Middle East at the time. Only dupes don't, Dupe. The whole Hillary email Scandal is b*******. None of her emails were important and her server appears to be the only one that was intact. What are the gigantic pile of crap you believe stupid...

No only American dupes believed Saddam had wmds

But enough about Bill and Hillary.

GOP Hypocrites, fools, and dupes were behind it 80% of America believed Saddam was involved in 911 because of pure b******* just like you believe about everything today.

GOP Hypocrites, fools, and dupes were behind it

Obviously, but enough about Bill and Hillary already!

 

[RealDave]

Amazing how you just MAKE BULLSHIT UP on the fly. Totally clueless tool.

In 2003 Bush admin was prodding GSEs to "keep up with the private market" in buying up Alt-A and subprime backed securities. and while they were market participators they ALWAYS made up a clear minority on the buy in:

Amazing how you just MAKE BULLSHIT UP on the fly.

Really? What did I make up?

In 2003 Bush admin was prodding GSEs to "keep up with the private market" in buying up Alt-A and subprime backed securities.

Yup. Clinton and Bush pushed them to load up on crap.

His (Barney Frank) most successful effort was to impose what were called "affordable housing" requirements on Fannie Mae and Freddie Mac in 1992. Before that time, these two government sponsored enterprises (GSEs) had been required to buy only mortgages that institutional investors would buy--in other words, prime mortgages--but Frank and others thought these standards made it too difficult for low income borrowers to buy homes. The affordable housing law required Fannie and Freddie to meet government quotas when they bought loans from banks and other mortgage originators.

At first, this quota was 30%; that is, of all the loans they bought, 30% had to be made to people at or below the median income in their communities. HUD, however, was given authority to administer these quotas, and between 1992 and 2007, the quotas were raised from 30% to 50% under Clinton in 2000 and to 55% under Bush in 2007. Despite Frank's effort to make this seem like a partisan issue, it isn't. The Bush administration was just as guilty of this error as the Clinton administration. And Frank is right to say that he eventually saw his error and corrected it when he got the power to do so in 2007, but by then it was too late.


and while they were market participators they ALWAYS made up a clear minority on the buy in:

A minority that totaled over $1 trillion by 2002.

It is certainly possible to find prime mortgages among borrowers below the median income, but when half or more of the mortgages the GSEs bought had to be made to people below that income level, it was inevitable that underwriting standards had to decline. And they did. By 2000, Fannie was offering no-downpayment loans. By 2002, Fannie and Freddie had bought well over $1 trillion of subprime and other low quality loans. Fannie and Freddie were by far the largest part of this effort, but the FHA, Federal Home Loan Banks, Veterans Administration and other agencies--all under congressional and HUD pressure--followed suit. This continued through the 1990s and 2000s until the housing bubble--created by all this government-backed spending--collapsed in 2007. As a result, in 2008, before the mortgage meltdown that triggered the crisis, there were 27 million subprime and other low quality mortgages in the US financial system. That was half of all mortgages. Of these, over 70% (19.2 million) were on the books of government agencies like Fannie and Freddie, so there is no doubt that the government created the demand for these weak loans; less than 30% (7.8 million) were held or distributed by the banks, which profited from the opportunity created by the government.

Hey, Barney Frank: The Government Did Cause the Housing Crisis

B*******. Bailouts for Fannie and Freddie whereabout 1/4 of it, because they sold good subprime, many fewer toxic assets. It was all Countryside AIG and crony Bush regulators from 2003 to 2006. Try some real news sometime jackass.

Bailouts for Fannie and Freddie whereabout 1/4 of it

Huh?

because they sold good subprime

They were buyers you twat. HUD required Fannie and Freddie to make up to 55% of their mortgage purchases from the "affordable" subprime side of the market.

It was all Countryside AIG and crony Bush regulators from 2003 to 2006.

Countrywide, you stupid knob. Fannie Mae was the largest buyer of Countrywide mortgages.

Though Fannie and Freddie were involved with so many subprime mortgages, they only got one quarter of the bailouts, so obviously they were involved with Worthy applicants. Unlike those who dealt with Countrywide Etc and GOP crony regulators... Want a diagram?

Though Fannie and Freddie were involved with so many subprime mortgages

Over $1 trillion, by 2002.

Though Fannie and Freddie were involved with so many subprime mortgages, they only got one quarter of the bailouts,

I know, 2 companies that got nearly $200 billion. Hardly anything. DERP!

Unlike those who dealt with Countrywide

Like Fannie and Freddie dealt? LOL!

Fannie & Freddie participated in the practice.

If F& F were in such bad shape, Why did Bush wanted F & F to buy questionable mortgages from other lenders. Are you calling your hedfor GW an idiot?

 

[RealDave]

Lets not leave out the elephant in the room. We are still paying interest on the two unfunded wars from the Bush administration. Obama inherited that bill and now trump has inherited it.

the democrats in congress authorized and funded those fiascos, both parties are to blame. deal with reality and stop the partisan bullshit

Funded? How were they funded?

The vote was the Iraq resolution which said Bush would use all other options prior to invasion. The majority of Democrats in the House voted no while nearly every Republican aid yes. Nearly all the no votes in the Senate were Democrat.

Furthermore their vote was based on the Bush Administration assessment which said the Iran could shortly have a nuke & sell it to terrorists. I think it was " The smoking gun might be in the form of a mushroom cloud.

Blaming Congress for believing the White House lies is chickenshit.

Everyone believed that Saddam had WMDs, the UN, the UK, the EU, Saudi Arabia, Israel, Germany, France, Spain, Jordan, etc. It wasn't a Bush lie, it was a common belief started by the UN. It is very possible that those weapons did exist and were sent to Syria where Assad used the gas ones on his own people.

Congress did provide funding for the Iraq fiasco and both parties voted for it. It was a stupid waste of money and lives, but it wasn't just Bush, they all have blood on their hands.

Since you brought up white house lies, how about these?

If you like your plan you can keep it
the average family will save $2500 per year
it was caused by a video
I never sent any classified material on my private server


Did you believe those lies?

Lets take a look.

There is a grandfather clause in the ACA that said any policy in effect at the bill's signing can continue. So the plan did allow for people to keep their plan except the insurance companies opted not to continue to offer them. Blame the insurance companies.

The plan to which Obama said about the $2500 was the plan he had during the campaign. It was not the plan passed by congress. That said, the ACA did save many families that $2500 & more not just through the exchanges but through lowering the rate pf premium increases. My family saved almost $11K the first year alone.

The video had been just translated & broadcast on an Arab network & did cause rioting in several Muslim cities the same day as the Benghazi attacks. Any reporting to the video being the cause was clarified with statements that this was preliminary & the investigation continued. If this video caused rioting other places, maybe you can tell us why Benghazi was immune?

Hillary said she never sent any properly marked classified material & Comey said she didn't.

See, they weren't lies but merely indications of just how duped you are.

total left wing talking point BS.

Obozo was selling his plan on a lie, you know it, I know it, everyone knows it. Sure, if you are getting it free its great, for everyone else is sucks.

the video did not cause the Benghazi attacks, that has been well established, even Hillary now admits it. Why cant you?

Data does not have to be marked classified in order to BE classified. Anyone who has ever held a security clearance knows that is one of the first things they drum into your head. Actually Comey did say that she sent classified data on her unsecure server, see the Gowdy/Comey exchange.

Yes, they were all lies. Why is OK with you when your dem masters lie to you?

I just proved they were not lies but hey, when you are as fucking stupid & duped as you, I didn't think you would be able to learn the facts.


Look, low life lying POS. Hillary said she did not send any properly marked e-mails therefore it is not a lie. So quit dancing & running way from your post like a whiny little girl. You people are such chickenshits.

There are many agencies that can classify something as classified.

 

[Toddsterpatriot]

Amazing how you just MAKE BULLSHIT UP on the fly.

Really? What did I make up?

In 2003 Bush admin was prodding GSEs to "keep up with the private market" in buying up Alt-A and subprime backed securities.

Yup. Clinton and Bush pushed them to load up on crap.

His (Barney Frank) most successful effort was to impose what were called "affordable housing" requirements on Fannie Mae and Freddie Mac in 1992. Before that time, these two government sponsored enterprises (GSEs) had been required to buy only mortgages that institutional investors would buy--in other words, prime mortgages--but Frank and others thought these standards made it too difficult for low income borrowers to buy homes. The affordable housing law required Fannie and Freddie to meet government quotas when they bought loans from banks and other mortgage originators.

At first, this quota was 30%; that is, of all the loans they bought, 30% had to be made to people at or below the median income in their communities. HUD, however, was given authority to administer these quotas, and between 1992 and 2007, the quotas were raised from 30% to 50% under Clinton in 2000 and to 55% under Bush in 2007. Despite Frank's effort to make this seem like a partisan issue, it isn't. The Bush administration was just as guilty of this error as the Clinton administration. And Frank is right to say that he eventually saw his error and corrected it when he got the power to do so in 2007, but by then it was too late.


and while they were market participators they ALWAYS made up a clear minority on the buy in:

A minority that totaled over $1 trillion by 2002.

It is certainly possible to find prime mortgages among borrowers below the median income, but when half or more of the mortgages the GSEs bought had to be made to people below that income level, it was inevitable that underwriting standards had to decline. And they did. By 2000, Fannie was offering no-downpayment loans. By 2002, Fannie and Freddie had bought well over $1 trillion of subprime and other low quality loans. Fannie and Freddie were by far the largest part of this effort, but the FHA, Federal Home Loan Banks, Veterans Administration and other agencies--all under congressional and HUD pressure--followed suit. This continued through the 1990s and 2000s until the housing bubble--created by all this government-backed spending--collapsed in 2007. As a result, in 2008, before the mortgage meltdown that triggered the crisis, there were 27 million subprime and other low quality mortgages in the US financial system. That was half of all mortgages. Of these, over 70% (19.2 million) were on the books of government agencies like Fannie and Freddie, so there is no doubt that the government created the demand for these weak loans; less than 30% (7.8 million) were held or distributed by the banks, which profited from the opportunity created by the government.

Hey, Barney Frank: The Government Did Cause the Housing Crisis

B*******. Bailouts for Fannie and Freddie whereabout 1/4 of it, because they sold good subprime, many fewer toxic assets. It was all Countryside AIG and crony Bush regulators from 2003 to 2006. Try some real news sometime jackass.

Bailouts for Fannie and Freddie whereabout 1/4 of it

Huh?

because they sold good subprime

They were buyers you twat. HUD required Fannie and Freddie to make up to 55% of their mortgage purchases from the "affordable" subprime side of the market.

It was all Countryside AIG and crony Bush regulators from 2003 to 2006.

Countrywide, you stupid knob. Fannie Mae was the largest buyer of Countrywide mortgages.

Though Fannie and Freddie were involved with so many subprime mortgages, they only got one quarter of the bailouts, so obviously they were involved with Worthy applicants. Unlike those who dealt with Countrywide Etc and GOP crony regulators... Want a diagram?

Though Fannie and Freddie were involved with so many subprime mortgages

Over $1 trillion, by 2002.

Though Fannie and Freddie were involved with so many subprime mortgages, they only got one quarter of the bailouts,

I know, 2 companies that got nearly $200 billion. Hardly anything. DERP!

Unlike those who dealt with Countrywide

Like Fannie and Freddie dealt? LOL!

Fannie & Freddie participated in the practice.

If F& F were in such bad shape, Why did Bush wanted F & F to buy questionable mortgages from other lenders. Are you calling your hedfor GW an idiot?

Fannie & Freddie participated in the practice.

F&F bought and securitized tons of shitty mortgages.

Why did Bush wanted F & F to buy questionable mortgages from other lenders.

He took Clinton's bad idea and made it worse.

 

[francoHFW]

B*******. Bailouts for Fannie and Freddie whereabout 1/4 of it, because they sold good subprime, many fewer toxic assets. It was all Countryside AIG and crony Bush regulators from 2003 to 2006. Try some real news sometime jackass.

Bailouts for Fannie and Freddie whereabout 1/4 of it

Huh?

because they sold good subprime

They were buyers you twat. HUD required Fannie and Freddie to make up to 55% of their mortgage purchases from the "affordable" subprime side of the market.

It was all Countryside AIG and crony Bush regulators from 2003 to 2006.

Countrywide, you stupid knob. Fannie Mae was the largest buyer of Countrywide mortgages.

Though Fannie and Freddie were involved with so many subprime mortgages, they only got one quarter of the bailouts, so obviously they were involved with Worthy applicants. Unlike those who dealt with Countrywide Etc and GOP crony regulators... Want a diagram?

Though Fannie and Freddie were involved with so many subprime mortgages

Over $1 trillion, by 2002.

Though Fannie and Freddie were involved with so many subprime mortgages, they only got one quarter of the bailouts,

I know, 2 companies that got nearly $200 billion. Hardly anything. DERP!

Unlike those who dealt with Countrywide

Like Fannie and Freddie dealt? LOL!

Fannie & Freddie participated in the practice.

If F& F were in such bad shape, Why did Bush wanted F & F to buy questionable mortgages from other lenders. Are you calling your hedfor GW an idiot?

Fannie & Freddie participated in the practice.

F&F bought and securitized tons of shitty mortgages.

Why did Bush wanted F & F to buy questionable mortgages from other lenders.

He took Clinton's bad idea and made it worse.

Amazing how you just MAKE BULLSHIT UP on the fly.

Really? What did I make up?

In 2003 Bush admin was prodding GSEs to "keep up with the private market" in buying up Alt-A and subprime backed securities.

Yup. Clinton and Bush pushed them to load up on crap.

His (Barney Frank) most successful effort was to impose what were called "affordable housing" requirements on Fannie Mae and Freddie Mac in 1992. Before that time, these two government sponsored enterprises (GSEs) had been required to buy only mortgages that institutional investors would buy--in other words, prime mortgages--but Frank and others thought these standards made it too difficult for low income borrowers to buy homes. The affordable housing law required Fannie and Freddie to meet government quotas when they bought loans from banks and other mortgage originators.

At first, this quota was 30%; that is, of all the loans they bought, 30% had to be made to people at or below the median income in their communities. HUD, however, was given authority to administer these quotas, and between 1992 and 2007, the quotas were raised from 30% to 50% under Clinton in 2000 and to 55% under Bush in 2007. Despite Frank's effort to make this seem like a partisan issue, it isn't. The Bush administration was just as guilty of this error as the Clinton administration. And Frank is right to say that he eventually saw his error and corrected it when he got the power to do so in 2007, but by then it was too late.


and while they were market participators they ALWAYS made up a clear minority on the buy in:

A minority that totaled over $1 trillion by 2002.

It is certainly possible to find prime mortgages among borrowers below the median income, but when half or more of the mortgages the GSEs bought had to be made to people below that income level, it was inevitable that underwriting standards had to decline. And they did. By 2000, Fannie was offering no-downpayment loans. By 2002, Fannie and Freddie had bought well over $1 trillion of subprime and other low quality loans. Fannie and Freddie were by far the largest part of this effort, but the FHA, Federal Home Loan Banks, Veterans Administration and other agencies--all under congressional and HUD pressure--followed suit. This continued through the 1990s and 2000s until the housing bubble--created by all this government-backed spending--collapsed in 2007. As a result, in 2008, before the mortgage meltdown that triggered the crisis, there were 27 million subprime and other low quality mortgages in the US financial system. That was half of all mortgages. Of these, over 70% (19.2 million) were on the books of government agencies like Fannie and Freddie, so there is no doubt that the government created the demand for these weak loans; less than 30% (7.8 million) were held or distributed by the banks, which profited from the opportunity created by the government.

Hey, Barney Frank: The Government Did Cause the Housing Crisis

B*******. Bailouts for Fannie and Freddie whereabout 1/4 of it, because they sold good subprime, many fewer toxic assets. It was all Countryside AIG and crony Bush regulators from 2003 to 2006. Try some real news sometime jackass.

Bailouts for Fannie and Freddie whereabout 1/4 of it

Huh?

because they sold good subprime

They were buyers you twat. HUD required Fannie and Freddie to make up to 55% of their mortgage purchases from the "affordable" subprime side of the market.

It was all Countryside AIG and crony Bush regulators from 2003 to 2006.

Countrywide, you stupid knob. Fannie Mae was the largest buyer of Countrywide mortgages.

Though Fannie and Freddie were involved with so many subprime mortgages, they only got one quarter of the bailouts, so obviously they were involved with Worthy applicants. Unlike those who dealt with Countrywide Etc and GOP crony regulators... Want a diagram?

Though Fannie and Freddie were involved with so many subprime mortgages

Over $1 trillion, by 2002.

Though Fannie and Freddie were involved with so many subprime mortgages, they only got one quarter of the bailouts,

I know, 2 companies that got nearly $200 billion. Hardly anything. DERP!

Unlike those who dealt with Countrywide

Like Fannie and Freddie dealt? LOL!

Fannie & Freddie participated in the practice.

If F& F were in such bad shape, Why did Bush wanted F & F to buy questionable mortgages from other lenders. Are you calling your hedfor GW an idiot?

For Christ's sake Todd we all agree Fannie and Freddie was big before 2003, then corrupt Bush crony regulators and corrupt crony private institutions basically took over the market and sold more toxic mortgages, rated them A+ Plus insured and bundled them and wrecked the world. Fanny and Freddy got involved late after being pushed by the Bush Administration. You are unbelievable...

 

[francoHFW]

B*******. Bailouts for Fannie and Freddie whereabout 1/4 of it, because they sold good subprime, many fewer toxic assets. It was all Countryside AIG and crony Bush regulators from 2003 to 2006. Try some real news sometime jackass.

Bailouts for Fannie and Freddie whereabout 1/4 of it

Huh?

because they sold good subprime

They were buyers you twat. HUD required Fannie and Freddie to make up to 55% of their mortgage purchases from the "affordable" subprime side of the market.

It was all Countryside AIG and crony Bush regulators from 2003 to 2006.

Countrywide, you stupid knob. Fannie Mae was the largest buyer of Countrywide mortgages.

Though Fannie and Freddie were involved with so many subprime mortgages, they only got one quarter of the bailouts, so obviously they were involved with Worthy applicants. Unlike those who dealt with Countrywide Etc and GOP crony regulators... Want a diagram?

Though Fannie and Freddie were involved with so many subprime mortgages

Over $1 trillion, by 2002.

Though Fannie and Freddie were involved with so many subprime mortgages, they only got one quarter of the bailouts,

I know, 2 companies that got nearly $200 billion. Hardly anything. DERP!

Unlike those who dealt with Countrywide

Like Fannie and Freddie dealt? LOL!

Fannie & Freddie participated in the practice.

If F& F were in such bad shape, Why did Bush wanted F & F to buy questionable mortgages from other lenders. Are you calling your hedfor GW an idiot?

Fannie & Freddie participated in the practice.

F&F bought and securitized tons of shitty mortgages.

Why did Bush wanted F & F to buy questionable mortgages from other lenders.

He took Clinton's bad idea and made it worse.

Signing a Republican bill does not make it Clinton's idea, Dupe.

 

[Toddsterpatriot]

Bailouts for Fannie and Freddie whereabout 1/4 of it

Huh?

because they sold good subprime

They were buyers you twat. HUD required Fannie and Freddie to make up to 55% of their mortgage purchases from the "affordable" subprime side of the market.

It was all Countryside AIG and crony Bush regulators from 2003 to 2006.

Countrywide, you stupid knob. Fannie Mae was the largest buyer of Countrywide mortgages.

Though Fannie and Freddie were involved with so many subprime mortgages, they only got one quarter of the bailouts, so obviously they were involved with Worthy applicants. Unlike those who dealt with Countrywide Etc and GOP crony regulators... Want a diagram?

Though Fannie and Freddie were involved with so many subprime mortgages

Over $1 trillion, by 2002.

Though Fannie and Freddie were involved with so many subprime mortgages, they only got one quarter of the bailouts,

I know, 2 companies that got nearly $200 billion. Hardly anything. DERP!

Unlike those who dealt with Countrywide

Like Fannie and Freddie dealt? LOL!

Fannie & Freddie participated in the practice.

If F& F were in such bad shape, Why did Bush wanted F & F to buy questionable mortgages from other lenders. Are you calling your hedfor GW an idiot?

Fannie & Freddie participated in the practice.

F&F bought and securitized tons of shitty mortgages.

Why did Bush wanted F & F to buy questionable mortgages from other lenders.

He took Clinton's bad idea and made it worse.

B*******. Bailouts for Fannie and Freddie whereabout 1/4 of it, because they sold good subprime, many fewer toxic assets. It was all Countryside AIG and crony Bush regulators from 2003 to 2006. Try some real news sometime jackass.

Bailouts for Fannie and Freddie whereabout 1/4 of it

Huh?

because they sold good subprime

They were buyers you twat. HUD required Fannie and Freddie to make up to 55% of their mortgage purchases from the "affordable" subprime side of the market.

It was all Countryside AIG and crony Bush regulators from 2003 to 2006.

Countrywide, you stupid knob. Fannie Mae was the largest buyer of Countrywide mortgages.

Though Fannie and Freddie were involved with so many subprime mortgages, they only got one quarter of the bailouts, so obviously they were involved with Worthy applicants. Unlike those who dealt with Countrywide Etc and GOP crony regulators... Want a diagram?

Though Fannie and Freddie were involved with so many subprime mortgages

Over $1 trillion, by 2002.

Though Fannie and Freddie were involved with so many subprime mortgages, they only got one quarter of the bailouts,

I know, 2 companies that got nearly $200 billion. Hardly anything. DERP!

Unlike those who dealt with Countrywide

Like Fannie and Freddie dealt? LOL!

Fannie & Freddie participated in the practice.

If F& F were in such bad shape, Why did Bush wanted F & F to buy questionable mortgages from other lenders. Are you calling your hedfor GW an idiot?

For Christ's sake Todd we all agree Fannie and Freddie was big before 2003, then corrupt Bush crony regulators and corrupt crony private institutions basically took over the market and sold more toxic mortgages, rated them A+ Plus insured and bundled them and wrecked the world. Fanny and Freddy got involved late after being pushed by the Bush Administration. You are unbelievable...

we all agree Fannie and Freddie was big before 2003

I know....and then their Dem cronies created a massive scandal.

The real scandal at Fannie Mae.

Freddie Mac pays $50M to settle fraud charges

Fanny and Freddy got involved late after being pushed by the Bush Administration.

They jumped back in after their accounting scandal blew over.

 

[Toddsterpatriot]

Bailouts for Fannie and Freddie whereabout 1/4 of it

Huh?

because they sold good subprime

They were buyers you twat. HUD required Fannie and Freddie to make up to 55% of their mortgage purchases from the "affordable" subprime side of the market.

It was all Countryside AIG and crony Bush regulators from 2003 to 2006.

Countrywide, you stupid knob. Fannie Mae was the largest buyer of Countrywide mortgages.

Though Fannie and Freddie were involved with so many subprime mortgages, they only got one quarter of the bailouts, so obviously they were involved with Worthy applicants. Unlike those who dealt with Countrywide Etc and GOP crony regulators... Want a diagram?

Though Fannie and Freddie were involved with so many subprime mortgages

Over $1 trillion, by 2002.

Though Fannie and Freddie were involved with so many subprime mortgages, they only got one quarter of the bailouts,

I know, 2 companies that got nearly $200 billion. Hardly anything. DERP!

Unlike those who dealt with Countrywide

Like Fannie and Freddie dealt? LOL!

Fannie & Freddie participated in the practice.

If F& F were in such bad shape, Why did Bush wanted F & F to buy questionable mortgages from other lenders. Are you calling your hedfor GW an idiot?

Fannie & Freddie participated in the practice.

F&F bought and securitized tons of shitty mortgages.

Why did Bush wanted F & F to buy questionable mortgages from other lenders.

He took Clinton's bad idea and made it worse.

Signing a Republican bill does not make it Clinton's idea, Dupe.

The bad idea was getting HUD to push Fannie and Freddie to buy more subprime and Alt-A mortgages.

From 1994 to 2003, Fannie and Freddie’s purchases of mortgages, as a percentage of all mortgage originations, increased from 37% to an all-time high of 57%, effectively cornering the conventional conforming market. With leverage ratios that averaged 75-to-1, and funds raised with implicit government backing, the GSEs were pouring money into the housing market. This in itself would have driven the housing bubble.
But it also appears that, perhaps as early as 1993, Fannie Mae began to offer easy financing terms and lowered its loan standards in order to meet congressionally mandated affordable housing goals and fulfill the company’s trillion-dollar commitment. For example, in each of the years 2000 and 2001, the first years for which data are available, 18% of Fannie’s originations–totaling $157 billion–were loans with FICO scores of less than 660 (the federal regulators’ cut-off point for defining subprime loans). There is no equivalent data available for Freddie, but it is likely that its purchases were proportionately the same, amounting to an estimated $120 billion.
These sums would have swamped originations by the traditional subprime lenders, which probably totaled $119 billion in these two years. Data for Alt-A loans before 2005 are unavailable, but the fact that that Fannie and Freddie now hold 60% of all outstanding Alt-A loans provides a strong indication of the purchases they were making for many earlier years.


The GSE’s purchases of all mortgages slowed in 2004, as they worked to overcome their accounting scandals, but in late 2004 they returned to the market with a vengeance. Late that year, their chairmen were telling meetings of mortgage originators that the GSEs were eager to purchase subprime and other nonprime loans.
This set off a frenzy of subprime and Alt-A mortgage origination, in which–as incredible as it seems–Fannie and Freddie were competing with Wall Street and one another for low-quality loans. Even when they were not the purchasers, the GSEs were Wall Street’s biggest customers, often buying the AAA tranches of subprime and Alt-A pools that Wall Street put together. By 2007 they held $227 billion (one in six loans) in these nonprime pools, and approximately $1.6 trillion in low-quality loans altogether.
From 2005 through 2007, the GSEs purchased over $1 trillion in subprime and Alt-A loans, driving up the housing bubble and driving down mortgage quality. During these years, HUD’s regulations required that 55% of all GSE purchases be affordable, including 25% made to low- and very low-income borrowers. Housing bubbles are nothing new. We and other countries have had them before. The reason that the most recent bubble created a worldwide financial crisis is that it was inflated with low-quality loans required by government mandate. The fact that the same government must now come to the rescue is no reason for gratitude.


A Government-Mandated Housing Bubble

 

[francoHFW]

Though Fannie and Freddie were involved with so many subprime mortgages, they only got one quarter of the bailouts, so obviously they were involved with Worthy applicants. Unlike those who dealt with Countrywide Etc and GOP crony regulators... Want a diagram?

Though Fannie and Freddie were involved with so many subprime mortgages

Over $1 trillion, by 2002.

Though Fannie and Freddie were involved with so many subprime mortgages, they only got one quarter of the bailouts,

I know, 2 companies that got nearly $200 billion. Hardly anything. DERP!

Unlike those who dealt with Countrywide

Like Fannie and Freddie dealt? LOL!

Fannie & Freddie participated in the practice.

If F& F were in such bad shape, Why did Bush wanted F & F to buy questionable mortgages from other lenders. Are you calling your hedfor GW an idiot?

Fannie & Freddie participated in the practice.

F&F bought and securitized tons of shitty mortgages.

Why did Bush wanted F & F to buy questionable mortgages from other lenders.

He took Clinton's bad idea and made it worse.

Signing a Republican bill does not make it Clinton's idea, Dupe.

The bad idea was getting HUD to push Fannie and Freddie to buy more subprime and Alt-A mortgages.

From 1994 to 2003, Fannie and Freddie’s purchases of mortgages, as a percentage of all mortgage originations, increased from 37% to an all-time high of 57%, effectively cornering the conventional conforming market. With leverage ratios that averaged 75-to-1, and funds raised with implicit government backing, the GSEs were pouring money into the housing market. This in itself would have driven the housing bubble.
But it also appears that, perhaps as early as 1993, Fannie Mae began to offer easy financing terms and lowered its loan standards in order to meet congressionally mandated affordable housing goals and fulfill the company’s trillion-dollar commitment. For example, in each of the years 2000 and 2001, the first years for which data are available, 18% of Fannie’s originations–totaling $157 billion–were loans with FICO scores of less than 660 (the federal regulators’ cut-off point for defining subprime loans). There is no equivalent data available for Freddie, but it is likely that its purchases were proportionately the same, amounting to an estimated $120 billion.
These sums would have swamped originations by the traditional subprime lenders, which probably totaled $119 billion in these two years. Data for Alt-A loans before 2005 are unavailable, but the fact that that Fannie and Freddie now hold 60% of all outstanding Alt-A loans provides a strong indication of the purchases they were making for many earlier years.


The GSE’s purchases of all mortgages slowed in 2004, as they worked to overcome their accounting scandals, but in late 2004 they returned to the market with a vengeance. Late that year, their chairmen were telling meetings of mortgage originators that the GSEs were eager to purchase subprime and other nonprime loans.
This set off a frenzy of subprime and Alt-A mortgage origination, in which–as incredible as it seems–Fannie and Freddie were competing with Wall Street and one another for low-quality loans. Even when they were not the purchasers, the GSEs were Wall Street’s biggest customers, often buying the AAA tranches of subprime and Alt-A pools that Wall Street put together. By 2007 they held $227 billion (one in six loans) in these nonprime pools, and approximately $1.6 trillion in low-quality loans altogether.
From 2005 through 2007, the GSEs purchased over $1 trillion in subprime and Alt-A loans, driving up the housing bubble and driving down mortgage quality. During these years, HUD’s regulations required that 55% of all GSE purchases be affordable, including 25% made to low- and very low-income borrowers. Housing bubbles are nothing new. We and other countries have had them before. The reason that the most recent bubble created a worldwide financial crisis is that it was inflated with low-quality loans required by government mandate. The fact that the same government must now come to the rescue is no reason for gratitude.


A Government-Mandated Housing Bubble

And then the problems started in 2003 thanks to corrupt and incompetent GOP regulators. Zzzzzzzzz

 

[Toddsterpatriot]

Though Fannie and Freddie were involved with so many subprime mortgages

Over $1 trillion, by 2002.

Though Fannie and Freddie were involved with so many subprime mortgages, they only got one quarter of the bailouts,

I know, 2 companies that got nearly $200 billion. Hardly anything. DERP!

Unlike those who dealt with Countrywide

Like Fannie and Freddie dealt? LOL!

Fannie & Freddie participated in the practice.

If F& F were in such bad shape, Why did Bush wanted F & F to buy questionable mortgages from other lenders. Are you calling your hedfor GW an idiot?

Fannie & Freddie participated in the practice.

F&F bought and securitized tons of shitty mortgages.

Why did Bush wanted F & F to buy questionable mortgages from other lenders.

He took Clinton's bad idea and made it worse.

Signing a Republican bill does not make it Clinton's idea, Dupe.

The bad idea was getting HUD to push Fannie and Freddie to buy more subprime and Alt-A mortgages.

From 1994 to 2003, Fannie and Freddie’s purchases of mortgages, as a percentage of all mortgage originations, increased from 37% to an all-time high of 57%, effectively cornering the conventional conforming market. With leverage ratios that averaged 75-to-1, and funds raised with implicit government backing, the GSEs were pouring money into the housing market. This in itself would have driven the housing bubble.
But it also appears that, perhaps as early as 1993, Fannie Mae began to offer easy financing terms and lowered its loan standards in order to meet congressionally mandated affordable housing goals and fulfill the company’s trillion-dollar commitment. For example, in each of the years 2000 and 2001, the first years for which data are available, 18% of Fannie’s originations–totaling $157 billion–were loans with FICO scores of less than 660 (the federal regulators’ cut-off point for defining subprime loans). There is no equivalent data available for Freddie, but it is likely that its purchases were proportionately the same, amounting to an estimated $120 billion.
These sums would have swamped originations by the traditional subprime lenders, which probably totaled $119 billion in these two years. Data for Alt-A loans before 2005 are unavailable, but the fact that that Fannie and Freddie now hold 60% of all outstanding Alt-A loans provides a strong indication of the purchases they were making for many earlier years.


The GSE’s purchases of all mortgages slowed in 2004, as they worked to overcome their accounting scandals, but in late 2004 they returned to the market with a vengeance. Late that year, their chairmen were telling meetings of mortgage originators that the GSEs were eager to purchase subprime and other nonprime loans.
This set off a frenzy of subprime and Alt-A mortgage origination, in which–as incredible as it seems–Fannie and Freddie were competing with Wall Street and one another for low-quality loans. Even when they were not the purchasers, the GSEs were Wall Street’s biggest customers, often buying the AAA tranches of subprime and Alt-A pools that Wall Street put together. By 2007 they held $227 billion (one in six loans) in these nonprime pools, and approximately $1.6 trillion in low-quality loans altogether.
From 2005 through 2007, the GSEs purchased over $1 trillion in subprime and Alt-A loans, driving up the housing bubble and driving down mortgage quality. During these years, HUD’s regulations required that 55% of all GSE purchases be affordable, including 25% made to low- and very low-income borrowers. Housing bubbles are nothing new. We and other countries have had them before. The reason that the most recent bubble created a worldwide financial crisis is that it was inflated with low-quality loans required by government mandate. The fact that the same government must now come to the rescue is no reason for gratitude.


A Government-Mandated Housing Bubble

And then the problems started in 2003 thanks to corrupt and incompetent GOP regulators. Zzzzzzzzz

How were the Dem scandals at Fannie and Freddie the fault of the GOP? DERP!