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Old 09-08-2008, 10:00 PM
 
10,599 posts, read 17,903,157 times
Reputation: 17353

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Quote:
Originally Posted by Queens2QueenCity View Post
Want to guess who was one of those lobbyist on the hill for Fannie Mae? John McBush's own campaign manager Rick Davis.
[i]McCain's campaign manager, Rick Davis, also has ties to Fannie Mae. He was president of the Homeownership Alliance, a Fannie Mae and Freddie Mac-led advocacy group. And Arthur B. Culvahouse Jr., a one-time White House counsel to President Reagan, is providing behind-the-scenes advice to McCain in the Republican's search for a running mate. Senate records show Culvahouse was registered to lobby on behalf of Fannie Mae and Lockheed Martin in a couple of instances several years ago, although his allies say his involvement was not extensive.
Fannie Mae, Freddie Mac spent millions on lobbying - USATODAY.com
Yes that's been out in the open from day one. It doesnt mitigate the OBAMA Lobbyist involvement, though. What happened to CHANGE WE CAN BELIEVE IN and bashing Palin all day for using a lobbyist when she was a mayor that was already in place up there?

And YES, nothing bad was ever said about Rick Davis.

The point is, your dream candidate is a phony.
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Old 09-08-2008, 10:10 PM
 
4,104 posts, read 5,311,261 times
Reputation: 1256
Quote:
Originally Posted by NCN View Post
If people are losing their houses because the interest rate went up so much, it would seem the solution is simple. Lower the interest rate. What am I missing here?
Basic Economics.
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Old 09-09-2008, 01:41 AM
 
3,283 posts, read 5,208,846 times
Reputation: 753
Quote:
Originally Posted by NCN View Post
If people are losing their houses because the interest rate went up so much, it would seem the solution is simple. Lower the interest rate. What am I missing here?

do you understand what the consequences of lowering the interest rate are?
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Old 09-09-2008, 07:08 AM
 
Location: New Jersey
2,662 posts, read 3,829,404 times
Reputation: 580
Quote:
Originally Posted by BobKovacs View Post
Let's bear in mind that while many of the mortgages held by Fannie and Freddie probably should never have been written, there are also thousands of others that are being held by people who aren't having problems making their payments, but are in jeopardy if the agencies go under. This isn't to say that we should go in and just throw money at the situation until it's fixed, but we can't just let them go under either without wreaking alot of havoc.
Good post! Now let's see if gov't can work through the mess without playing for partisan sound bites.
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Old 09-09-2008, 07:13 AM
 
1,881 posts, read 2,685,533 times
Reputation: 361
Quote:
Originally Posted by NewMexicanRepublican View Post
Why not? Why should the taxpayer pick up the tab for somebody elses bad decisions? The types of loans that are in trouble should not have been underwritten by anybody.
Exactly.

Those of us who pay our mortgages on time every should not bail out those who do not.
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Old 09-09-2008, 07:25 AM
 
Location: Raleigh, NC
9,059 posts, read 12,974,155 times
Reputation: 1401
Quote:
Originally Posted by LNTT_Vacationer View Post
Good post! Now let's see if gov't can work through the mess without playing for partisan sound bites.
The mortgage market will be operated with Post Office/Amtrak like efficiency, like all quasi-government services.

Anyone who hopes the government will "work through" any problem IMO lives under a rock.
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Old 09-09-2008, 07:29 AM
 
5,696 posts, read 6,209,672 times
Reputation: 1944
Quote:
Originally Posted by ViewFromThePeak View Post
Candidates Weigh in on Fannie, Freddie - Politics and Government * US * News * Story - CNBC.com

At a rally in Colorado Springs, Col., Republican vice presidential nominee Sarah Palin said, "They've gotten too big and too expensive to the taxpayers. The McCain-Palin administration will make them smaller and smarter and more effective for homeowners who need help."

WTF does this mean? The government should MAKE them smaller? How about the government LET them shrink to nothing?

It's just more warm fuzzies and nonsensical talk about smaller government. They hold $4T of largely junk rated mortgage debt. What on earth does it mean to make them smaller?

Yeah, I know Obama supports a full bailout, but I don't care what the Dems have to say. What I care about is this: will McCain use his brain?


Chris Dodd the HEAD of the commitee to watch over these clowns were in their pocket, as were
John Kerry
Barak Obama
Hillary Clinton
they would NOT have been able to screw everybody had the democrats
been doing their jobs instead of lining thier pockets!!
Check it out yourself!
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Old 09-09-2008, 07:37 AM
 
Location: Raleigh, NC
9,059 posts, read 12,974,155 times
Reputation: 1401
Quote:
Originally Posted by georgia dem View Post
Chris Dodd the HEAD of the commitee to watch over these clowns were in their pocket, as were
John Kerry
Barak Obama
Hillary Clinton
they would NOT have been able to screw everybody had the democrats
been doing their jobs instead of lining thier pockets!!
Check it out yourself!
"The buck stops here"
- Harry S. Truman

Who signed the blank check in the end? One man could've stopped the Reds from invading our mortgage markets, but comrade commissar Bush welcomed them with open arms.

McCain also supports it.

I care not what the Dems say, I don't support them. It is expected from a party who does not deny being for many social welfare programs.
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