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Barney is a nut job! He thinks he is tough and knows everything!
He is bad as Nancy and Barbara!!!!!!!!!!!!!!!!!!!!!!!
I take Barney into a dark alley and take him to the wood shed!
No, any old change at all would not have helped. Certain changes in the status quo -- such as the Fed clamping down on obvious subprime excesses, or slashing Wall Street leverage ratios back from 30-to-1 and 40-to-1 levels, or mandating regulation of hedge funds and derivatives markets -- might have helped. But trying to cut back on GSE market share would never have helped, and that's all the Republicans ever tried to do...
Barney is a nut job! He thinks he is tough and knows everything!
He is bad as Nancy and Barbara!!!!!!!!!!!!!!!!!!!!!!!
I take Barney into a dark alley and take him to the wood shed!
This is a pg rated forum, we don't need to hear about your sexual fantasies
WHAT evidence to the contrary? All you and your cohort have done is whine. The lot of you have failed to put up material or cogent comments, and when that's pointed out to you, you post more defensive whining. This, I suspect, is all that you have, in which case the other side is going to end up being superior by default...
From the establishment of Fannie to the final threatened filibuster of S.190, the sub-prime melt-down has Democrat's finger prints all over it.
Over the last year Shawmut has begun several programs to increase lending to low-income Americans and minority groups that some community activists say have made Shawmut a leader in the industry.
These programs include establishing mortgages with down payments of as little as 2.5 percent that use more flexible income criteria, hiring more minority mortgage staff workers and sending around home buyers from minority groups to check that Shawmut employees are not discriminating.
"The Fed is sending a strong signal to the banking industry that they're going to be looking at banks' lending practices," said Joseph Duwan, a banking analyst with Keefe, Bruyette & Woods. "Clearly Shawmut is being made a little bit of scapegoat."
In the early 1990s, reports Stanley Kurtz, senior fellow at the Ethics and Policy Center, Obama was personally recruited by Chicago's ACORN to run training sessions in "direct action." That's the euphemism for the techniques used under the cover of the federal Community Reinvestment Act to intimidate financial institutions into giving what have been called "Ninja" loans — no income, no job, no assets — to people who couldn't afford them.
IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor's Business Daily -- ACORN's Senator (http://www.ibdeditorials.com/IBDArticles.aspx?id=307667123149723 - broken link)
Toxic CDOs were the result of toxic mortgages. The toxic mortgages were created by a number of different institutions that knew they could unload them to Fannie and Freddie who had a mandate from OFHEO to create affordable housing. They didn't care about being repaid. They knew the GSEs would buy the paper.
No doubt, they needed to be regulated. Barney Frank and the Dems are culpable for their participation in repeatedly blocking regulation of the GSE's.
Nonsense from your link.
Quote:
By 2007 they had guaranteed or invested in $717 billion of subprime and Alt-A loans, up from almost none in 2000. And many of those are not worth that much.
Funny looks like the system worked just fine until Republicans took charge. The strange thing about regulation is it doesn't matter how much you write unless you're willing to enforce it you might as well have none.
It is interesting when people think that they can use a symbol that invokes pain and incredible tragedy for millions of people and divorce it from the events that made that symbol so notorious, in order to use it for a discussion about health care in a democratic country. A perfect example of entitlement: "Hey, just forget about the Holocaust. We are just using it--sometimes even with a line for 'NO!--to talk about policies."
And socialism and national socialism are two different things.
That may be the case....I personally would never do that. I wouldn't make fun of any one with any kind of sign....drawing....political satire....especially some one like the president. I remember the first time I saw something like that when I was about 12-13. I was in New Hope, PA walking around with a friend shopping (my mom and his mom were in the store some where too) and I saw an obscene cartoon with Nixon in it and I thought it was rude then (it was an incense burning, peace, love.....kinda store).
Any way, the point I'm making is that I what they're trying to say by using it, even though it may not be a very good way or idea for conveying it.
The GSE's 60-to-1 leveraging is not nonesense, it's disastrous - as we all well know. The grossly overleveraged GSE's are still asking for more bailout money from the taxpayers. They'll need an additional $100 billion in 2010, and their performance continues to be so bleak, they're likely to be wound down, resolved, and terminated.
"The Moody’s report, authored by Brian Harris, Craig Emrick and Robert Young, noted bondholders will benefit from the government support. But with the GSEs taking heavy losses, a winding down and ultimate resolution by the US government looks likely. Moody’s noted since Q307, the Fannie and Freddie reported seven consecutive quarterly losses totaling $86.9bn and $63.7bn, respectively. Due to these rising losses, it could take a decade of government ownership before the GSEs can operate as “viable stand-alone entities,” Moody’s said. Instead, the analysts said the government could resolve Fannie and Freddie’s business and then a new organization might be created to take on their role. A replacement entity would likely bear a different organizational structure and would avoid the criticism that would likely arise if Fannie and Freddie were simply resurrected." Moody’s Says US May Wind Down Fannie, Freddie
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Funny looks like the system worked just fine until Republicans took charge. The strange thing about regulation is it doesn't matter how much you write unless you're willing to enforce it you might as well have none.
What regulation? Barney Frank and the Dems blocked regulation attempts until 2008. Just ask Sununu, Hagel, Dole, McCain, and Martinez.
* On July 31, 2003, Sununu joined Senators Chuck Hagel (R-NE) and Elizabeth Dole (R-NC) in introducing legislation to strengthen and improve the oversight of Fannie Mae and Freddie Mac (S. 1508).
* On January 26, 2005, Sununu, Hagel, and Dole re-introduced legislation (S. 190) to improve oversight of GSE’s.
* On April 12, 2007, Sununu, Hagel, Dole, and Senator Mel Martinez (R-FL) re-introduced legislation (S. 1100) to improve oversight of GSE’s.
The first 2 attempts at reform legislation made it out of committee, but the Dems refused to support them, so the bills never would have received the 60 votes (super-majority) required to pass cloture, and so both bills died.
Not until July of 2008 did the Dems jostle themselves out of their 'nothing's wrong at Fannie/Freddie' stupor to support the 3rd attempt at passing GSE oversight legislation.
You are trying to confuse the die hard Barney Frank groupies with facts. That is just not fair.
Like how you're trying to confuse reasonable people by changing the subject? I like how in every topic about the town hall meeting, you just can't deal with the truth so you change the subject. Its good to see actual evidence that were getting to you, most of the conservative whackos on this site just stop posting after they are exposed like you have been.
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