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Did you see anything in this pile of Pelosi that mentioned Fannie Mae or Freddie Mac?
No, because they don't have a damn thing to do with MERS or subprime, nonconforming mortgages.
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I wonder why they got by with all of their part in that melt down.
Because they don't have a damn thing to do with MERS or subprime, nonconforming mortgages.
Listen, we've discussed this ad nauseum on this forum. There is no new information you could possibly bring to light, so here's the deal -- y'all listen to your Wall Street overlords. Your Wall Street overlords (with the help of Fox News, WSJ, Bloomberg, and the GOP) want you to believe that Fannie and Freddie are the problem, not Wall Street.
You buy what they are selling, hook, line, and sinker, because these people are more sophisticated than you. That's pretty much the end of the story. Any questions?
As I have said over and over again, any and all distractions like how bad the OWS movement is, cries of class warfare, sick puppies, gay marriages in remote pacific island territories or anything else, will be regarded as a smoke screen from my enemies in the FIRE sector who are trying to hide.
I disagree with NPR's assessment that principal reduction will reduce the foreclosure rate in the long term. As the underpinnings of our economy continue to weaken and as gas prices increase the foreclosures will continue.
As I have said over and over again, any and all distractions like how bad the OWS movement is, cries of class warfare, sick puppies, gay marriages in remote pacific island territories or anything else, will be regarded as a smoke screen from my enemies in the FIRE sector who are trying to hide.
They are crooks, trillion dollar crooks.
Yup, and we are settling for billion dollar penalties with trillion dollar crooks; effectively legalizing their fraud by putting a price tag on it.
Apparently, $2,000 per fraud is the bank's cost for committing mortgage fraud on a 6-figure loan.
No, because they don't have a damn thing to do with MERS or subprime, nonconforming mortgages.
Because they don't have a damn thing to do with MERS or subprime, nonconforming mortgages.
Listen, we've discussed this ad nauseum on this forum. There is no new information you could possibly bring to light, so here's the deal -- y'all listen to your Wall Street overlords. Your Wall Street overlords (with the help of Fox News, WSJ, Bloomberg, and the GOP) want you to believe that Fannie and Freddie are the problem, not Wall Street.
You buy what they are selling, hook, line, and sinker, because these people are more sophisticated than you. That's pretty much the end of the story. Any questions?
The only reason people are not outraged is because they don't understand it. 27 trillion dollars was created on bank computer keyboards from 2001-2008. This out of thin air money drove up all our prices, principle and debt while "homeowners" were happy to "get rich".
Some bum walks into an auction and bids up what you want to buy with money he doesn't have. The banks sent him in to do it knowing he would fail. Meanwhile they bloated all the debt people had to pay who just wanted to buy a house to live in.
Empty bottle Billy, as they call him, bid 500k for your house and you beat him at 501k. Then they printed up that note and now you gotta pay.
Scam of all history.. and double the entire national debt in just 7 years at twice the rate.
How else is Obama supposed to pay back his crony donors and cabinet members who come from the revolving doors at Government Sachs & JP Morgan?
Come on now, this is just a Solyndra style payback from this administration aimed at the banking sector.
Yeah, and the sad thing is that he's the ANTI-wall street guy. I can only imagine how much more egregious it would be if we had a GOP prez.
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