Wait until they find out who the Top 2 People who recieved FUNDS from Freedie and Fannie over the Years...
Barack Obama was SECOND on the List, after only 4 years. The other Top people had been there Decades or better, and John Kerry was #1!!! Imagine that. On Sep 16, 3:00 pm, Sage2 <[EMAIL PROTECTED]> wrote: > Gaar is correct again! For the Dems it was a continuation > of their socialist program known as EOL " Equal oppurtunity lending ". > It will come out soon that the majority of loans defaulting were loans > made to EOL clients that knew they could not really afford to pay > back. > The EOL law was a Democrat sought after program to allow loans to go > to mostly minority and or low income famillies even though the Dems > knew that eventually this could be a serious problem in terms of EOL > clients meeting their financial obligations due to their income > levels. > Under that EOL Law the banks and institutions had no choice but to > make risky loans. Good work Democrats know you want to put the blame > elsewhere. This is an example of what a democrat socialist program is > used for: to buy VOTES . Most working class people see right through > this and that is why McCain & Palin will win. > > ****************************************************************************************************************************************************************** > > On Sep 16, 4:23 pm, Gaar <[EMAIL PROTECTED]> wrote: > > > > > You saw the part where the Democrats INCREASED the "Cap" on Fannie and > > Freddie in that Legislation, right? > > > You know, the stuff the White House was against, but Democrats > > demanded in order to back the Bill. > > > On Sep 16, 7:40 am, Hollywood <[EMAIL PROTECTED]> wrote: > > > > gaar, > > > > Interesting article. It was dated 1/24/08, which would make it a > > > product of the Democrat-controlled Congress. > > > The full title of the article is "White House, Congressional leaders > > > Announce Deal On Economic Package Update." > > > It was basically the rebates from earlier this year. > > > Also interesting that the package DID NOT include extending > > > unemployment insurance or providing funds for food stamps, both ideas > > > Democrats had hoped for. > > > > THIS is the sum total of the legislation you say Bush "tried" to pass > > > that would have "stopped" the current economic troubles???????? > > > > On Sep 16, 8:40 am, Gaar <[EMAIL PROTECTED]> wrote: > > > > > On Sep 16, 6:33 am, Hollywood <[EMAIL PROTECTED]> wrote: > > > > > > Tell me specifically what Bush tried that would have "stopped it". > > > > >http://www.forbes.com/markets/feeds/afx/2008/01/24/afx4572366.html > > > > > The House plan also calls for a temporary increase in the size of > > > > mortgages that Fannie Mae (nyse: FNM - news - people ) and Freddie > > > > Mac > > > > (nyse: FRE - news - people ) can buy, to 730,000 usd from the current > > > > 417,000. > > > > > Paulson had opposed this component, because he wanted to use it as a > > > > carrot to push Congress into passing legislation that would toughen > > > > the regulatory structure of the two mortgage giants. > > > > > 'But I got run down by a bipartisan steamroller,' Paulson told > > > > reporters at the White House. > > > > > Frank told reporters he assured Paulson that he would not pursue > > > > legislation to further expand the conforming loan limits. And Senate > > > > Banking Committee Chairman Christopher Dodd of Connecticut is > > > > expected > > > > to push legislation to strengthen federal regulation of the two > > > > companies. > > > > > Nonetheless, the federal regulator of the two companies, the Office > > > > of > > > > Federal Housing Enterprise Oversight (OFHEO), said it was > > > > 'disappointed' that the stimulus package includes an expansion of the > > > > conforming loan limit that is not part of increased regulatory > > > > authority. > > > > > 'We are very disappointed in the proposal to increase the conforming > > > > loan limit as we believe it is a mistake to do so in the absence of > > > > comprehensive GSE regulatory reform,' said OFHEO Director James > > > > Lockhart.- Hide quoted text - > > > > - Show quoted text -- Hide quoted text - > > > - Show quoted text -- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
