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Well maybe you can explain the "difference in dealing with reality and wishing upon a star"... because I've never seen you post anything substantial on these issues beyond a (CO Article) reference and couple of sentences.
As you can see, the whole (CO Article) thing is subjective and one can choose to highlight issues with violent crime and the horrible economy like you prefer to do or highlight positive issues like you see others doing recently. Frankly the only positive local thing you ever say around these forums is related to sports which I'm still trying to get my head around.
So you consciously choose to structure the majority of your posts to the negative and offer very little of your own commentary on them. When you do this continually, don't be surprised when you get called out on it.
If you don't like what I post, have to say etc...please put me on ignore. It truly is a wonderful feature.
Further perhaps you should go back and look at other topics I have posted. It isn't your place to get your head around anything I post, you can either read it and go on or not, matters not to me. This forum isn't about calling one out and it is against TOS.
BOFA has a Fifty Billion Dollar hole to plug on the mortgage side.... Fannie Mae & .gov recently gave them 500mil as a downpayment on a bailout, but it won't be enough.
They have serious issues.
Ahh yeah. Freddie & Fannie just asked the federal gubment to hand them another $5B. They turn around and hand this money to these insolvent banks. As I said, without the taxpayers, these leeches of our economy would disappear tomorrow. And if you believe that article, uptown Charlotte with it. Would be like someone finally flushed a commerical toilet. "whoosh!".
If you don't like what I post, have to say etc...please put me on ignore. It truly is a wonderful feature.
Further perhaps you should go back and look at other topics I have posted. It isn't your place to get your head around anything I post, you can either read it and go on or not, matters not to me. This forum isn't about calling one out and it is against TOS.
I've never used the ignore feature and never intend to. No clue why anyone would take these forums so seriously as to have to implement that. So I guess I have to take your word on it being "a wonderful feature".
Calling out related to disagreeing with an opinion - which is the entire crux of these forums. Debating opinions.
Ahh yeah. Freddie & Fannie just asked the federal gubment to hand them another $5B. They turn around and hand this money to these insolvent banks. As I said, without the taxpayers, these leeches of our economy would disappear tomorrow. And if you believe that article, uptown Charlotte with it. Would be like someone finally flushed a commerical toilet. "whoosh!".
When you say it like that you're insinuating Freddie and Fannie are like a private company asking for a handout. When in fact they are GSEs created by the government.
A government-sponsored enterprise (GSE) is a financial services corporation created by the United States Congress. Their function is to enhance the flow of credit to targeted sectors of the economy and to make those segments of the capital market more efficient and transparent. The desired effect of the GSEs is to enhance the availability and reduce the cost of credit to the targeted borrowing sectors: agriculture, home finance and education. Congress created the first GSE in 1916 with the creation of the Farm Credit System; it initiated GSEs in the home finance segment of the economy with the creation of the Federal Home Loan Banks in 1932; and it targeted education when it charteredSallie Mae in 1972 (although Congress allowed Sallie Mae to relinquish its government sponsorship and become a fully private institution via legislation in 1995). The residential mortgage borrowing segment is by far the largest of the borrowing segments in which the GSEs operate. GSEs hold or pool approximately $5 trillion worth of mortgages.
When you say it like that you're insinuating Freddie and Fannie are like a private company asking for a handout. When in fact they are GSEs created by the government....
I didn't say that at all. Time to put you back on ignore.
I've never used the ignore feature and never intend to. No clue why anyone would take these forums so seriously as to have to implement that. So I guess I have to take your word on it being "a wonderful feature".
Calling out related to disagreeing with an opinion - which is the entire crux of these forums. Debating opinions.
Maybe that isn't the part of these boards you don't understand...these boards are not for debate they are for discussion.
well, I would agree that if BOA goes, we are ALL in big trouble. I also agree that they are not in the best of health. HOWEVER, a positive perception and confidence are the two of the biggest economy growth tactics...and, they are (relatively) free!
With BOA's selling the servicing of their bad loans to Fannie Mae and their sale of their stake in the China Construction Bank, I think that they are on the right track. Was the former a back-door bailout? Yeah, probably. But, it was not so much for BOA themselves nor for Charlotte, even though both will benefit. It was because if BOA failed...as big as it is...the entire WORLD economy would take a hit! and, it would not be pretty. That is where the phrase "Too big to fail" comes in. It is not just a catch phrase nor something political. This is reality, folks. Please take off the blinders and read stuff from all views (not just your adjenda) and see what I mean.
I hope that the world's governments will get together and put together some kind of legislation that will prevent the banks from getting Too Big To Fail. This has happened twice now in a very short period of time...make no mistake about it, there are banks elsewhere in the world that have done the same thing and their governments have had to bail them out, too. I am not advocating any particular political party nor any special kind of politics; just let's be logical. If this keeps happening, there is a problem and to stop it from happening, you have to eliminate the problem.
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