I didn't try to cite any 1999 legislation. Thanks for the "ignorance" comment, I wouldn't want you to disappoint me.
On Oct 2, 2:54 am, Gaar <[EMAIL PROTECTED]> wrote: > Look at the many different discussion happening around here about > ACORN and the 1999 changes to the Legislation YOU are attempting to > cite here... > > After that, if you still don't get it, we can go over it in a bit more > detail, if you feel the need. > > But something tells me you don't care what the FACTS are, and you will > just blame the Republicans, many of whom have been warning of this for > YEARS now, as Frank and Dodd tried telling them there were no > problems... > > Again, your ignorance on these matters is quite evident. > > On Oct 1, 11:50 pm, SgtUSMC <[EMAIL PROTECTED]> wrote: > > > > > Really, it was the people who caused the problem? Have you ever > > qualified for a loan? Now, it's the people who forced the lending > > institutions to make bad loans. If I ever want you to agree with me, > > all I have to do is take a stance opposite the one I want you to take. > > You've been on both sides of this issue. Decide where you stand. > > > On Oct 2, 2:44 am, Gaar <[EMAIL PROTECTED]> wrote: > > > > No Sarge, these measures were needed after nearly a Decade of > > > abuses... > > > > It wasn't the new Regulations that destroyed them, it was the people > > > trying to get Loans for people who couldn't afford them. > > > > On Oct 1, 9:31 pm, SgtUSMC <[EMAIL PROTECTED]> wrote: > > > > > Here are the facts. Let's Review: > > > > > In 2004/early 2005, a Bill captioned, the "Federal Housing Enterprise > > > > Regulatory Reform Act" of 2004/2005, sponsored by Republicans, .John > > > > McCain, > > > > Elizabeth Dole, John Sununu, and Chuck Hagel, was put before the > > > > Congress. > > > > The Bill was blocked, by the Democrats in the Senate, and the majority > > > > of > > > > Democrats in the House of Representatives. > > > > > http://www.govtrack.us/congress/bill.xpd?bill=s109-190 > > > > > The summary of the Bill, written by Congressional Services: > > > > > 1/26/2005--Introduced. > > > > > Federal Housing Enterprise Regulatory Reform Act of 2005 - Amends the > > > > Federal Housing Enterprises Financial Safety and Soundness Act of 1992 > > > > to > > > > establish: (1) in lieu of the Office of Federal Housing Enterprise > > > > Oversight > > > > of the Department of Housing and Urban Development (HUD), an > > > > independent > > > > Federal Housing Enterprise Regulatory Agency which shall have > > > > authority over > > > > the Federal Home Loan Bank Finance Corporation, the Federal Home Loan > > > > Banks, > > > > the Federal National Mortgage Association (Fannie Mae), and the > > > > Federal Home > > > > Loan Mortgage Corporation (Freddie Mac); and (2) the Federal Housing > > > > Enterprise Board. > > > > Sets forth operating, administrative, and regulatory provisions of > > > > the > > > > Agency, including provisions respecting: (1) assessment authority; > > > > (2) > > > > authority to limit nonmission-related assets; (3) minimum and > > > > critical > > > > capital levels; (4) risk-based capital test; (5) capital > > > > classifications and > > > > undercapitalized enterprises; (6) enforcement actions and penalties; > > > > (7) > > > > golden parachutes; and (8) reporting. > > > > Amends the Federal Home Loan Bank Act to establish the Federal Home > > > > Loan > > > > Bank Finance Corporation. Transfers the functions of the Office of > > > > Finance > > > > of the Federal Home Loan Banks to such Corporation. > > > > Excludes the Federal Home Loan Banks from certain securities > > > > reporting > > > > requirements. > > > > Abolishes the Federal Housing Finance Board. > > > > > ========== > > > > > Now you're getting someplace. This was the major problem. They took > > > > deregulation way too far. Before, it had hurt the economy. We saw that > > > > but, no one wanted to do anything about it. These bills in 2004 & 2005 > > > > took us over the edge. Foreclosures were imminent.- 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. -~----------~----~----~----~------~----~------~--~---
