The bottom line is Trump failed America bigly with covid. Under his watch, while we had only 4% of the world's population, we accounted for some 25% of the world's covid-related deaths. That cost him the election to the one candidate who could never beat anyone else.
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“I Cannot Afford To Live”: Americans Get Emotional As The U.S. Economy Goes Off The Rails
- Thread starter Doc7505
- Start date
The bottom line is Trump failed America bigly with covid. Under his watch, while we had only 4% of the world's population, we accounted for some 25% of the world's covid-related deaths. That cost him the election to the one candidate who could never beat anyone else.
?You have simply swallowed the GOP's talking points. Sorry pal but that was Bush's Great Recession. No matter how you want to slice it. We let you put his first one on Bill Clinton so he's accepting this one. His policies caused it. What exact policies? All 8 years of policies. Starting with the tax break to the rich and lying us into Iraq. Or deregulating banks.
IDK Papa. I have a life so I don't have time to look into ALL the reasons why 2008 happened. A big part of me says it happened on purpose. Right on Bush's way out the door. I couldn't believe it. As much as that mother fucker fucked us for 8 years, I was so glad he was leaving and couldn't believe he got to fuck us one more time.
I know you won't remember this, but Bush's bank bailout was no questions asked. Obama changed that. Bush wanted to just hand over the ransom and never even look for the kidnappers after they released the children. LOL. Just do what they say!
forkintheroad7
Platinum Member
- Apr 22, 2024
- 2,047
- 1,333
- 893
well, I think this is a little over the top.. but not by much.
Commentary:
Not according to our 46th president and his administration. We are doing so well, we don’t have to worry about the cost of illegals or of forgiving student loans, and we can freely help Ukraine with many hundreds of billions of dollars for something that could have been handled with a peace treaty.
Everything is fine!
Don't worry about housing, food, or fuel for heating, cooking or transportation. Our president has it covered.
Yes, The Rats in Washington have it covered. They tell us they won’t cut Social Security benefits, but they have no problem creating high inflation, or fudging the numbers to limit Social Security COLA’s for retirees.
The next round of inflation is going to be absolutely brutal. Many already on the brink who never would've considered crime will start to ponder it.
America's largely service sector economy will take a massive hit as what little discretionary spending still exists evaporates and near-minimum wage workers can barely afford to commute.
What happens when rural youth begin behaving like urban youth?
There is a level of hardship at which this starts to happen en-masse.
I just don't think the rural kids are going to start acting like the street thugs in the city (except maybe in blue states?)
Actually, I don't think there are any truly blue states other than maybe CA but even there, we've seen conservative bills that were supported by a majority.. If I recall correctly, for example, CA did not want to vote in same sex marriage?
The elites in CA are bluer than a cloudless summer sky. But the little people lean red or are red.. I say Vote Fraud!
In any case, maybe the economy is the least of our worries... when we see who has the nuke codes!
Yes, a combination of things. And I notice you don't point out any of the things Bush did that contributed to the Great Recession likeOnly left wing nuts believe that 2008 wasn't a combo of many failures and they go back decades and articles have shown that are not propaganda sites all prove you are a partisan nut job that lies to make your party look good and it doesn't work.
income tax cuts in 2001 and 2003,
increased military spending for two wars
Deregulating the banks and mortgage industries
Financial institutions were to blame for the Great Recession, because they created trillions of dollars in risky mortgages and they packaged, repackaged, and sold those loans to investors around the world.
After years of financial deregulation accelerating under the Bush administration, banks lent subprime mortgages to more and more home buyers, causing a housing bubble. Many of these banks also invested in credit default swaps and derivatives that were essentially bets on the soundness of these loans.
well, I think this is a little over the top.. but not by much.
I just don't think the rural kids are going to start acting like the street thugs in the city (except maybe in blue states?)
Actually, I don't think there are any truly blue states other than maybe CA but even there, we've seen conservative bills that were supported by a majority.. If I recall correctly, for example, CA did not want to vote in same sex marriage?
The elites in CA are bluer than a cloudless summer sky. But the little people lean red or are red.. I say Vote Fraud!
In any case, maybe the economy is the least of our worries... when we see who has the nuke codes!
Uneducated white blue collar workers are starting to act like street thugs and this was happening when Trump was president. Back when you guys claim America was Great Again
Middle-age white Americans with limited education are increasingly dying younger, on average, than other middle-age US adults, a trend driven by their dwindling economic opportunities
So as soon as the economic opportunities dried up and your white privilege went away, that's exactly what rural kids did. They are now acting just like their ghetto counterparts.
And not just men. Uneducated white women too. Suicide, murder, drug od's, meth, crack, crime.
“This is a story of the collapse of the white working class,” Deaton said in an interview. “The labor market has very much turned against them.”
Those dynamics helped fuel the rise of President Donald Trump, who won widespread support among whites with only a high school degree.
Yet Deaton said his policies are unlikely to reverse these trends, particularly the health care legislation now before the House that Trump is championing. That bill would lead to higher premiums for older Americans, the Congressional Budget Office has found.
“The policies that you see, seem almost perfectly designed to hurt the very people who voted for him,” Deaton said.
Since 1999, white men and women ages 45 through 54 have endured a sharp increase in “deaths of despair,” Case and Deaton found in their earlier work. These include suicides, drug overdoses, and alcohol-related deaths such as liver failure.
In the paper released Thursday, Case and Deaton draw a clearer relationship between rising death rates and changes in the job market since the 1970s. They find that men without college degrees are less likely to receive rising incomes over time, a trend “consistent with men moving to lower and lower skilled jobs.”
Other research has found that Americans with only high school degrees are less likely to get married or purchase a home and more likely to get divorced if they do marry.
“It’s not just their careers that have gone down the tubes, but their marriage prospects, their ability to raise children,” said Deaton, who won the Nobel prize in economics in 2015 for his long-standing work on solutions to poverty. “That’s the kind of thing that can lead people to despair.”
It’s not entirely clear why these trends have affected whites much more than they have African-Americans or Hispanics, whose death rates are improving.
White, working-class, middle-age Americans dying younger than their peers
That group is dying younger, on average, than other middle-age US adults, a trend driven by their dwindling economic opportunities.
www.statnews.com
?Yes, a combination of things. And I notice you don't point out any of the things Bush did that contributed to the Great Recession like
income tax cuts in 2001 and 2003,
increased military spending for two wars
Deregulating the banks and mortgage industries
Financial institutions were to blame for the Great Recession, because they created trillions of dollars in risky mortgages and they packaged, repackaged, and sold those loans to investors around the world.
After years of financial deregulation accelerating under the Bush administration, banks lent subprime mortgages to more and more home buyers, causing a housing bubble. Many of these banks also invested in credit default swaps and derivatives that were essentially bets on the soundness of these loans.
Which is 100% true. So why try to use it as a club?Yea and he ignored covid like the dinner check. Lied to us. Hosted rallies. Spread misinformation. Compared wearing a mask to carrying a purse.
Published February 1, 2020
China slams Trump's coronavirus travel limits: 'Not a gesture of goodwill'
By Joe McDonald, Sam McNeil | Associated Press
[...]
On Friday, the United States declared a public health emergency and President Donald Trump and an order barring entry to foreign nationals, other than immediate family of American citizens and permanent residents, who visited China within the last 14 days, which scientists say is the virus’s longest incubation period.
'Unfriendly comments'
China criticized the U.S. controls, which it said contradicted the WHO’s appeal to avoid travel bans, and “unfriendly comments” that Beijing was failing to cooperate.
“Just as the WHO recommended against travel restrictions, the U.S. rushed to go in the opposite way. Certainly not a gesture of goodwill,” said foreign ministry spokeswoman Hua Chunying.
WHO Secretary-General Tedros Adhanom Ghebreyesus said in Geneva that despite the emergency declaration, there is “no reason for measures that unnecessarily interfere with international travel and trade.”
[...]
China slams Trump's coronavirus travel limits: 'Not a gesture of goodwill'
###
Democrat Response to Coronavirus: End Trump’s Travel Bans on China, Iran
JOHN BINDER 11 Mar 2020 2:58
House and Senate Democrats are responding to the coronavirus outbreak in the United States by supporting measures to effectively strip President Trump of his authority to impose travel bans to protect American citizens.
While Trump has implemented travel bans on China and Iran — two of the most coronavirus-affected nations in the world — House Democrats are looking to roll back the president’s authority to enact travel bans from regions of the world.
Dems' Response to Coronavirus: End Trump's Travel Bans on China, Iran
###
Nolte: A Mere 8 Days Ago Joe Biden Was Still Attacking Trump’s Travel Bans
JOHN NOLTE 20 Mar 2020
A mere eight days ago, Joe Biden was still vocally opposing President Donald Trump’s travel bans from Europe, and even China, as racist. In other words, if Biden was the president, we can’t begin to imagine how much worse things would look in American today thanks to President Biden’s refusal to keep people out from the very same places where the Chinese coronavirus rages.
https://www.breitbart.com/.../nolte-mere-8-days-ago-joe.../
###
Nancy Pelosi visits San Francisco’s Chinatown to encourage people amid fears of coronavirus
by: Charles Clifford
Posted: Feb 24, 2020 / 05:57 PM PST / Updated: Feb 24, 2020 / 05:57 PM PST
SAN FRANCISCO, Calif. (KRON) – House Speaker Nancy Pelosi was in San Francisco on Monday spending several hours visiting Chinatown to encourage people to visit the shops and restaurants there amid fears of the coronavirus.
Business in Chinatown has really slowed down over the last month, mainly due to concerns about the coronavirus.
Pelosi did a walking tour of the area starting in the Golden Gate Fortune Cookie Shop.
She also visited several other businesses and talked to people.
Neighbors, including the owner of the cookie shop, who says the last month has been difficult.
“Business is slow. People don’t want to come, they are scared,” Kevin Chan said.
Pelosi also took this opportunity to encourage people to come back to Chinatown.
“You should come to Chinatown. Precautions have been taken by our city. We know there is concern about tourism throughout the world but we think it’s very safe to be in Chinatown and hopefully, others will come,” Pelosi said.
https://www.kron4.com/news/bay-area...o-encourage-people-amid-fears-of-coronavirus/
###
WATCH: NYC Mayor de Blasio Gets Nailed for Telling New Yorkers to Ignore the Wuhan Coronavirus
Beth Baumann
Posted: Mar 29, 2020 1:35 PM
On Sunday, CNN's Jake Tapper put New York City Mayor Bill de Blasio (D) on blast for telling New Yorkers not to worry about the Wuhan coronavirus. Tapper played four separate clips of de Blasio encouraging New Yorkers to go about their daily lives, even as recently as March 13th, less than two weeks ago.
"In retrospect, is that message, at least in part, to blame for how rapidly the virus has spread across the city?" Tapper asked.
De Blasio instantly deflected.
"You know, Jake, we should not be focusing, in my view, on anything looking back, on any level of government right now," the mayor explained. "This is just about how we save lives going forward. We are all working – everybody – is working with the information we had and trying, of course, to avoid panic.
###
Published March 18, 2020
WHO haunted by January tweet saying China found no human transmission of coronavirus
The World Health Organization (WHO) is now haunted by a tweet it sent earlier this year when it cited Chinese health officials who claimed there had been no human transmissions of the novel coronavirus within the country yet.
The Jan. 14 tweet came less than two months before WHO declared COVID-19 to be a global pandemic.
"Preliminary investigations conducted by the Chinese authorities have found no clear evidence of human-to-human transmission of the novel #coronavirus (2019-nCoV) identified in #Wuhan, #China," the organization had said.
It also relied on information from Chinese health authorities who have been accused of obscuring facts and figures during the course of the outbreak.
WHO haunted by January tweet saying China found no human transmission of coronavirus
###
Nursing homes have ‘no right’ to reject coronavirus patients, Cuomo says
By Bernadette Hogan and Bruce Golding
April 23, 2020 | 5:04pm
New York’s nursing homes weren’t allowed to challenge a controversial order to admit patients with the coronavirus, Gov. Andrew Cuomo said Thursday — even though it’s been blamed for spreading the deadly disease among residents
“They don’t have a right to object. That is the rule and that is the regulation and they have to comply with that,” Cuomo said during his daily briefing in Albany.
Nursing homes have ‘no right’ to reject coronavirus patients, Cuomo says
“They don’t have a right to object. That is the rule and that is the regulation and they have to comply with that,” Cuomo said during his daily briefing in Albany.
nypost.com
###
New York’s true nursing home death toll cloaked in secrecy
By BERNARD CONDON, MATT SEDENSKY and MEGHAN HOYER August 11, 2020
New York’s coronavirus death toll in nursing homes, already among the highest in the nation, could actually be a significant undercount. Unlike every other state with major outbreaks, New York only counts residents who died on nursing home property and not those who were transported to hospitals and died there.
That statistic could add thousands to the state’s official care home death toll of just over 6,600. But so far the administration of Democratic Gov. Andrew Cuomo has refused to divulge the number, leading to speculation the state is manipulating the figures to make it appear it is doing better than other states and to make a tragic situation less dire.
“That’s a problem, bro,” state Sen. Gustavo Rivera, a Democrat, told New York Health Commissioner Howard Zucker during a legislative hearing on nursing homes earlier this month. “It seems, sir, that in this case you are choosing to define it differently so that you can look better.”
New York’s true nursing home death toll cloaked in secrecy
NEW YORK (AP) — Riverdale Nursing Home in the Bronx appears, on paper, to have escaped the worst of the coronavirus pandemic, with an official state count of just four deaths in its 146-bed facility.
apnews.com
###
Remember when Biden said travel bans were “xenophobic?” He just instituted a travel ban on India.
Posted by: Pat Droney May 1, 2021
WASHINGTON, DC- Remember when President Trump implemented a travel ban last year and Biden accused him of “hysteria, xenophobia and fear-mongering?” Yeah, good times. Apparently Biden forgot…or he’s an abject hypocrite. Probably a little of both.
https://www.lawenforcementtoday.com...bic-he-just-instituted-a-travel-ban-on-india/
###
Biden restricts travel from South Africa and seven other countries starting Monday
By Kaitlan Collins, CNN
Updated 9:10 PM ET, Fri November 26, 2021
(CNN)President Joe Biden announced Friday the US will restrict travel from South Africa and seven other countries starting Monday as a new coronavirus variant has emerged.
https://www.cnn.com/2021/11/26/politics/travel-rest
I did since I lived through it and have been a Realtor since 1974You have simply swallowed the GOP's talking points. Sorry pal but that was Bush's Great Recession. No matter how you want to slice it. We let you put his first one on Bill Clinton so he's accepting this one. His policies caused it. What exact policies? All 8 years of policies. Starting with the tax break to the rich and lying us into Iraq. Or deregulating banks.
IDK Papa. I have a life so I don't have time to look into ALL the reasons why 2008 happened. A big part of me says it happened on purpose. Right on Bush's way out the door. I couldn't believe it. As much as that mother fucker fucked us for 8 years, I was so glad he was leaving and couldn't believe he got to fuck us one more time.
I know you won't remember this, but Bush's bank bailout was no questions asked. Obama changed that. Bush wanted to just hand over the ransom and never even look for the kidnappers after they released the children. LOL. Just do what they say!
HUD TO FIGHT DISCRIMINATION, BOOST MINORITY HOMEOWNERSHIP AND WORK WITH URBAN LEAGUE TO FURTHER GOALS
https://archives.hud.gov/news/1997/pr97-135.cfm
###
New York Times - 1999
Fannie Mae Eases Credit To Aid Mortgage Lending -
Fannie Mae Eases Credit To Aid Mortgage Lending (Published 1999)
###
President Bush’s and the Administrations Unheeded Warnings About the Systemic Risk Posed by the GSEs – Fannie and Freddie dating back to 2001
Just the Facts: The Administration’s Unheeded Warnings About the Systemic Risk Posed by the GSEs
###
By Elliot Blair Smith,
USA TODAY
Fannie Mae to pay $400 million fine
Bloomberg Politics - Bloomberg
Franklin Raines was Director of the Office of Management and Budget under Clinton and returned to Fannie Mae as its CEO in 1999. Raines is not a “chief” economic adviser for President Barack Hussein Obama but has advised the administration on mortgage and housing matters. Obama had hired another former Fannie CEO, Jim Johnson as a member of Obama’s V.P. search committee and who was forced to quit under fire.
###
How the Democrats Created the Financial Crisis -
How the Democrats Created the Financial Crisis
###
Democrats in their own words covering up the Fannie Mae, Freddie Mac
###
Timeline shows Bush, McCain warning Democrats of Financial Crisis
###
From the New York Times
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
By STEPHEN LABATON
Published: September 11, 2003 WASHINGTON,
Sept. 10— The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.
Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.
The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.
The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.
Read more:
New Agency Proposed to Oversee Freddie Mac and Fannie Mae (Published 2003)
Bush administration proposes new agency be created within Treasury Department to assume supervision of Fannie Mae and Freddie Mac, House Financial Services Committee hearing; new agency would have authority, which now rests with Congress, to set one of two capital-reserve requirements for...
###
From USNews and World Report
Barney Frank's Fannie and Freddie Muddle
By Sam Dealey
September 10, 2008
[…]
So five years ago, there was one of those rare moments in Washington when the branches and personalities of government—in this case, the Bush administration—are less interested in protecting or expanding their turf than in fixing a looming catastrophe. What was Frank's response to the proposal?
''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
[…]
Barney Frank's Fannie and Freddie Muddle
The Financial Services chairman has a rather curious recollection of recent events.
By Sam Dealey
Sept. 10, 2008, at 10:20 a.m.
http://www.usnews.com/opinion/blogs/sam-dealey/2008/09/10/barney-franks-fannie-and-freddie-muddle
###
Wall Street Journal Barney’s Rubble – September 17, 2008
http://online.wsj.com/news/articles/SB122161010874845645
###
Barney Frank in 2005: What Housing Bubble?
###
Democrats Were Wrong on Fannie Mae and Freddie Mac
The White House called for tighter regulation 17 times.
###
I did since I lived through it and have been a Realtor since 1974
HUD TO FIGHT DISCRIMINATION, BOOST MINORITY HOMEOWNERSHIP AND WORK WITH URBAN LEAGUE TO FURTHER GOALS
https://archives.hud.gov/news/1997/pr97-135.cfm
###
New York Times - 1999
Fannie Mae Eases Credit To Aid Mortgage Lending -
Fannie Mae Eases Credit To Aid Mortgage Lending (Published 1999)
###
President Bush’s and the Administrations Unheeded Warnings About the Systemic Risk Posed by the GSEs – Fannie and Freddie dating back to 2001
Just the Facts: The Administration’s Unheeded Warnings About the Systemic Risk Posed by the GSEs
###
By Elliot Blair Smith,
USA TODAY
Fannie Mae to pay $400 million fine
Bloomberg Politics - Bloomberg
Franklin Raines was Director of the Office of Management and Budget under Clinton and returned to Fannie Mae as its CEO in 1999. Raines is not a “chief” economic adviser for President Barack Hussein Obama but has advised the administration on mortgage and housing matters. Obama had hired another former Fannie CEO, Jim Johnson as a member of Obama’s V.P. search committee and who was forced to quit under fire.
###
How the Democrats Created the Financial Crisis -
How the Democrats Created the Financial Crisis
###
Democrats in their own words covering up the Fannie Mae, Freddie Mac
###
Timeline shows Bush, McCain warning Democrats of Financial Crisis
###
From the New York Times
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
By STEPHEN LABATON
Published: September 11, 2003 WASHINGTON,
Sept. 10— The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.
Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.
The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.
The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.
Read more:New Agency Proposed to Oversee Freddie Mac and Fannie Mae (Published 2003)
Bush administration proposes new agency be created within Treasury Department to assume supervision of Fannie Mae and Freddie Mac, House Financial Services Committee hearing; new agency would have authority, which now rests with Congress, to set one of two capital-reserve requirements for...www.nytimes.com
###
From USNews and World Report
Barney Frank's Fannie and Freddie Muddle
By Sam Dealey
September 10, 2008
[…]
So five years ago, there was one of those rare moments in Washington when the branches and personalities of government—in this case, the Bush administration—are less interested in protecting or expanding their turf than in fixing a looming catastrophe. What was Frank's response to the proposal?
''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
[…]
Barney Frank's Fannie and Freddie Muddle
The Financial Services chairman has a rather curious recollection of recent events.
By Sam Dealey
Sept. 10, 2008, at 10:20 a.m.
http://www.usnews.com/opinion/blogs/sam-dealey/2008/09/10/barney-franks-fannie-and-freddie-muddle
###
Wall Street Journal Barney’s Rubble – September 17, 2008
http://online.wsj.com/news/articles/SB122161010874845645
###
Barney Frank in 2005: What Housing Bubble?
###
Democrats Were Wrong on Fannie Mae and Freddie Mac
The White House called for tighter regulation 17 times.
###
LOL
Cracks me up how rightards blame a single member of the minority when Republicans ran Congress for the 6 years of the housing bubble until it began to collapse. The whole time, not getting a single reform bill to Bush's desk. But it's not their fault... it's the one dumbass Democrat who was also wrong.
/—-/ You assclowns won’t give Trump credit for anything good. You’re brainwashed.Oh come on now. What did he do? Nothing. Why couldn't it be fast tracked? And the only ones who would know that would be the scientists. Is that what they said then they suddenly came up with a vaccine they could fast track?
Clearly you're giving Trump credit for something he had nothing to do with. Did any Democrats try to prevent the fast tracking? If so, then maybe you could say Trump won and the Democrats were wrong.
Otherwise, all you are telling me is the drug companies came up with a vaccine quickly because we were in the middle of a pandemic, and Trump didn't stand in their way. Congrats. Or thank you?
Why couldn't it be fast tracked?
I did since I lived through it and have been a Realtor since 1974
HUD TO FIGHT DISCRIMINATION, BOOST MINORITY HOMEOWNERSHIP AND WORK WITH URBAN LEAGUE TO FURTHER GOALS
https://archives.hud.gov/news/1997/pr97-135.cfm
###
New York Times - 1999
Fannie Mae Eases Credit To Aid Mortgage Lending -
Fannie Mae Eases Credit To Aid Mortgage Lending (Published 1999)
###
President Bush’s and the Administrations Unheeded Warnings About the Systemic Risk Posed by the GSEs – Fannie and Freddie dating back to 2001
Just the Facts: The Administration’s Unheeded Warnings About the Systemic Risk Posed by the GSEs
###
By Elliot Blair Smith,
USA TODAY
Fannie Mae to pay $400 million fine
Bloomberg Politics - Bloomberg
Franklin Raines was Director of the Office of Management and Budget under Clinton and returned to Fannie Mae as its CEO in 1999. Raines is not a “chief” economic adviser for President Barack Hussein Obama but has advised the administration on mortgage and housing matters. Obama had hired another former Fannie CEO, Jim Johnson as a member of Obama’s V.P. search committee and who was forced to quit under fire.
###
How the Democrats Created the Financial Crisis -
How the Democrats Created the Financial Crisis
###
Democrats in their own words covering up the Fannie Mae, Freddie Mac
###
Timeline shows Bush, McCain warning Democrats of Financial Crisis
###
From the New York Times
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
By STEPHEN LABATON
Published: September 11, 2003 WASHINGTON,
Sept. 10— The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.
Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.
The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.
The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.
Read more:New Agency Proposed to Oversee Freddie Mac and Fannie Mae (Published 2003)
Bush administration proposes new agency be created within Treasury Department to assume supervision of Fannie Mae and Freddie Mac, House Financial Services Committee hearing; new agency would have authority, which now rests with Congress, to set one of two capital-reserve requirements for...
###
From USNews and World Report
Barney Frank's Fannie and Freddie Muddle
By Sam Dealey
September 10, 2008
[…]
So five years ago, there was one of those rare moments in Washington when the branches and personalities of government—in this case, the Bush administration—are less interested in protecting or expanding their turf than in fixing a looming catastrophe. What was Frank's response to the proposal?
''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
[…]
Barney Frank's Fannie and Freddie Muddle
The Financial Services chairman has a rather curious recollection of recent events.
By Sam Dealey
Sept. 10, 2008, at 10:20 a.m.
http://www.usnews.com/opinion/blogs/sam-dealey/2008/09/10/barney-franks-fannie-and-freddie-muddle
###
Wall Street Journal Barney’s Rubble – September 17, 2008
http://online.wsj.com/news/articles/SB122161010874845645
###
Barney Frank in 2005: What Housing Bubble?
###
Democrats Were Wrong on Fannie Mae and Freddie Mac
The White House called for tighter regulation 17 times.
###
Republicans and their corporate masters use that as an excuse. Notice they made out great. So why do they give 75% to republicans 25% to democrats?
That has what to do with my post?Republicans and their corporate masters use that as an excuse. Notice they made out great. So why do they give 75% to republicans 25% to democrats?
What did he do? Made a few calls? Lol/—-/ You assclowns won’t give Trump credit for anything good. You’re brainwashed.
What did he do? Made a few calls? Lol
SweetSue92
Diamond Member
We'll just steal the election again. You fools couldn't figure out how we did it last time, so you won't be able to stop us this time either.
Interesting admission.
But you are quickly approaching the point at which even the steal won't work
We love to see it
/----/ I posted the article that answers your question. You either didn't read it, read it and didn't understand it, or don't really care because, with you, it's ORANGE MAN BAD.What did he do? Made a few calls? Lol
Frankenstein
Diamond Member
- Oct 28, 2022
- 7,269
- 4,800
- 1,938
Trump simply listened to the man who designed it, and released it, he trusted the untrustworthy FauciThe country’s current “inflationary spiral” can also be traced back to COVID-19, Maher said, describing the trillions of dollars the government issued throughout the pandemic. This, he noted, should not be pinned on President Joe Biden, but his predecessor, former President Donald Trump.
“We’re going to bring back Trump?” he asked. “The guy who ignored COVID like it was the dinner check? Talk about not learning anything.”
Bill Maher roasts COVID experts over pandemic response: 'We did a lot of stupid things'
The comedian claimed Friday Americans overreacted to COVID-19.thenationaldesk.com
/----/ Trump ignores Fauci -- ORANGE MAN BAD.Trump simply listened to the man who designed it, and released it, he trusted the untrustworthy Fauci
Trump listens to Fauci -- ORANGE MAN BAD.
Frankenstein
Diamond Member
- Oct 28, 2022
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Yep the typical leftist double standard!/----/ Trump ignores Fauci -- ORANGE MAN BAD.
Trump listens to Fauci -- ORANGE MAN BAD.
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