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Prime has a specific FICO score cutoff. Anything below that is subprime.
You are aware that the Federal Reserve has had to create $2 trillion out of thin air to bail out Fannie and Freddie, no? So, yeah, not only did that stealth QE devalue everyone's savings (by diluting the value of a dollar), but taxpayers are paying interest on the $2 trillion created out of thin air, as well.
Oh, and by the way... the above admission by Fannie Mae is why Mozilo never went to jail. Countrywide was just doing what the federal government wanted.
By the way... how many bankers and Wall Streeters did Eric Holder or Obama's DOJ prosecute? Think very carefully about why Obama the Dems protected them.
Obama's presidency is so successful HRC, the heiress to the throne, is setting record numbers in her state wins. It is clear the people want 4 more years of obama. Obama's efforts speak for themselves, Hillary just has to show up pick up the roses.
Just kidding.
You might be kidding, but there is more truth to what you write than maybe you know. Truth that explains why Hillary mentions Obama on a regular basis. There are enough people who know that Obama and his agenda have been better for the country than anything the GOP has been able to serve up instead, and/or who wants to go backwards? Or in the direction of Trump?
People are fed up with the status quo, as usual. (So am I). People give Congress lower approval ratings than ever before, because the status quo doesn't really change much from one administration to the next. "Hope and change" inevitably translates to little more than incremental steps in this direction or that, and maybe that's not altogether a bad thing.
But Trump? Even his own party knows better...
SEN. MARCO RUBIO (R-FL), Republican Presidential Candidate: Today, the front-runner, at least according to national polls in the Republican primary is someone who is preying on your anger, is someone who is preying on fear. And there has never been, in the history of mankind, a great movement that has been based on fear and on anger. Donald Trump will be an embarrassment to America, will be an embarrassment to anyone who supported him.
I applaud the attempts of the hardcore Dubyites to deflect from his horrible record in office.
Very amusing.
Quote:
By the way... how many bankers and Wall Streeters did Eric Holder or Obama's DOJ prosecute? Think very carefully about why Obama the Dems protected them.
Oh, you mean they "protected" them from all the vicious attempts by the corporate owned GOP to look into their books?
What planet have you been living on for the last seven plus years? The only means by which you could possibly declare obama a success is that he went into this thing with hopes of destroying America, and he has done a remarkable job of doing just that, so I guess he has been successful.
You and your ilk have been brainwashed into believing he has done good.
obama hates America, he hates cops, he hates whites, he hates everything that is good about America, he is an evil man, so I can only assume by your adoration of him, you share his beliefs...
I've read this sort of rhetoric many times in these threads, and I am always amazed by what seems a true hatred for Obama, as if he was truly a traitor rather than a twice-elected fairly popular POTUS all considered, such that Hillary continues to make reference to him all the time...
I don't know anyone who thinks or feels as expressed in the above comment, whether they be liberal or conservatives among my family or friends, where I live or work, so I wonder where ARE these people who think this way? Who are they? What sort of people are part of their circle, or are they loners? I mean, I know we have very conservative pockets in America, just like we have liberal areas, but just what is the demographic of people who talk, think and believe like Grumpy seems to talk, think and believe? Baffling...
By the way... how many bankers and Wall Streeters did Eric Holder or Obama's DOJ prosecute? Think very carefully about why Obama the Dems protected them.
There are LOTS of reasons people did not end up in jail that maybe should have as Bernie Sanders keeps going on about, and people will answer this question according to their political leaning and/or lack of political understanding, but we're all pretty well agreed there is really no excuse for what too many Wall Street types got away with as they damn near brought down the country.
Blame Obama if you like of course, but also of course, he's damned for what he does do (ACA), and damned for what he doesn't. Consider what push-back he got from the establishment for over-hauling our health care system, I can only imagine how taking on Wall Street would have gone at the same time.
Proving criminal wrong doing at the highest levels of business/finance is a VERY difficult thing to do BTW, and/or if it were easier, we'd have the jails filled with executives from a good many industries besides financial services!
Honestly he should have focused on the Economy. Of course the Gov't does not create jobs it does nudge the way in terms of favoring investment here/there, eliminate obstacles, overturning unfair trade agreements,etc.
The QE which has occurred is perhaps the best indicator of what they have done. Next is eliminating lack of turmoil or lack of confidence among investors.
I think more could have been done. Of course, does require cooperation of Congress which means negotiation and compromise and that appeared to have occurred very rarely.
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You are not alone, but where are you?
