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Obama's big Fannie

Discussion in 'Uncategorized Threads' started by RobertT, Sep 29, 2008.

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  1. RobertT

    RobertT Well-Known Member

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    I never cease to be amazed at people who refuse to accept the obvious. Our liberal friends will go to the voting booth like sheep to be sheared and be happy with their choice of someone who obviously in unworthy of being President of the United States. Perhaps just one will view this video and loose a little sleep over choosing Obama. http://www.youtube.com/watch?v=usvG-s_Ssb0

    Robert
     
  2. hoggy

    hoggy TS Member

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    Un-f---in-real. Figures though....
     
  3. crusha

    crusha TS Member

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    Now...after watching this video, ask yourself: who do you think gets put in charge of the 700 $Billion of bailout money, after Obama becomes President?


    (Hint: does Franklin Raines become Obama's Treasury Secretary - after being on his "economic team?" Does he go from being the architect of Fannie's business practices, to being the person with his hand on the purse strings of the bailout?)


    Bill Clinton was almost broke when he became President, now he's worth 100 Million...it's hard to look at Barack Obama, and not conclude, "Here we go again."


    The weasel is in the chicken house.
     
  4. bigdogtx

    bigdogtx Well-Known Member

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    More on barry and fannie.
     
  5. birdogs

    birdogs TS Member

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    Do we give $700 billion to these people to do with whatever they want? I think that would be the end of America as we know it. Just think where the money will go and who will benefit. Congress will be first beneficiary and their pet leftists will be sucking away at the teats the Democrats will provide for them. Acorn, La Raza etc. will be "fully funded" and the destruction of American freedom and the American economy would be assured. And if Obama is in charge, it will happen even faster.

    Fannie and Freddie caused the problem by publuishing "guidelines" under which they would buy mortages from banks and mortgage companies. These companies merely adhered to the guidelines when they wrote mortgages. It is Fannie and Freddie who are the root cause of the problem. Investment houses have their own share of blame through their schemes to "securitize" mortages and their creation of "derivitives" which leveraged mortage debt, making $1000 of mortages support many thousands of dollare in these spurious pieces of paper.

    What a f____ing mess and WE have to pay for it - and we will; one way or another!
     
  6. pendennis

    pendennis Well-Known Member

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    Well, if it's any consolation, a story was published in the Detroit Free Press this morning, in which non-profit agencies are bemoaning the fact that the FHA has closed a loophole in its secured mortgages that allowed for zero-down financing by poor home buyers.

    By using so-called "pass through" donations to these non-profits, buyers were getting into homes for zero down. Their subsequent default rate is three times the number for homes in which the buyer made a down payment.

    The Fannie Mae/Freddie Mac scandal isn't the only one out there sponsored by the Federal Government.

    Dennis
     
  7. stokinpls

    stokinpls Well-Known Member

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    Here's your leadership in action. We are doomed.
     
  8. BIGDON

    BIGDON Well-Known Member

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    I thought Obama's big fannie was standing next to him on the platform.

    Don
     
  9. bigdogtx

    bigdogtx Well-Known Member

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    biden or chelle????
     
  10. Dove Commander

    Dove Commander TS Member

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    Where's 2str8, Swammy, Trappy, and chessney? Response?
     
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