Barack Obama, our next President

[John Galt]

sage won wrote:

<quoted text>
I doubt if that ever happened, it's a sad fact that many blacks haven't acquired the skills, stability or work experience to qualify for mortgages, I blame that on decades of liberal policies, plus the harmful effects of rap and the black sub culture.
Be that as it may, my contention that the CRA started us on the path to financial disaster has not been disproved.
Something for nothing, the dems typical MO.

Dave is wrong again, as usual.

"Redlining" is the practice of banks declining mortgages in certain neighborhoods because of high risk. The practice is not race-specific, although many redlined neighborhoods are predominantly minority.

When the government denies banks the right to deny mortgages in high-risk areas, high default rates will occur.

[sage won]

RealDave wrote:

<quoted text>
Baks did not like Fannie & Freddie as they thought both held an advantage over banks in the marketplace.
They went to their puppet Bush.
This "reform" was not reform at all. It was George Bush trying to take F & F oversight away from Congress & put it in the treasury department i.e. the White House.
My God, if Obama tried a power grab like that, you'd be marching in the streets.
The housing bubble provided a false economic picture that everything was fine & provided additional wealth to prop up the economy.

Proof, davey boy, proof

over site by congress? pleeeeeeese, don't make me laugh!

Bawney "dirty dik" Frank: " F and F are doing just fine"!

[raccoon tour]

John Galt wrote:

<quoted text>
Republicans lost two Senate seats, in Missouri and Indiana, because of candidates who were idiots who made excuses for opposing abortion even in the case of rape. True Conservatism has nothing to do with religion or abortion. If the anti-abortion zealots think they can get a better deal from the Democrats, they should go ahead.

WELL, HERE'S A THOUGHT, JOHN; IF YOU EXCISE THE "IDIOTS" AS YOU CALL THEM, YOUR PARTY WILL NOT EVEN CONTROL 30% OF THE ELECTORATE. A DEVIL'S BARGAIN IF HE EVER HEARD ONE. WITHOUT THE, UM, "IDIOTS," YOU'LL HAVE ABSOLUTELY NOTHING.

[raccoon tour]

SCARY AIN'T IT, CRACKER?

[sage won]

RealDave wrote:

<quoted text>
Baks did not like Fannie & Freddie as they thought both held an advantage over banks in the marketplace.
They went to their puppet Bush.
This "reform" was not reform at all. It was George Bush trying to take F & F oversight away from Congress & put it in the treasury department i.e. the White House.
My God, if Obama tried a power grab like that, you'd be marching in the streets.
The housing bubble provided a false economic picture that everything was fine & provided additional wealth to prop up the economy.

Why, this site says fannie doesn't even make loans, who's right?

What Does Fannie Mae Do?
www.fool.com/investing/.../what-does-fannie-m...


What Does Fannie Mae Do?
www.fool.com/investing/.../what-does-fannie-m...

Bill Mann

by Bill Mann - in 86 Google+ circles - More by Bill Mann
Oct 6, 2004 – You keep making your loan payments to Wells Fargo, and it passes these funds on to Fannie Mae. Fannie Mae makes money because it can ...

Please clarify.

[sage won]

RealDave wrote:

<quoted text>
Fannie & Freddie participated along with the other financial institutions in the mortgage security industry.
But they did not cause it.

I know! the scumbag criminals like Bawney Frank, Dodd, Carter, Clinton and Obama did!!!!

[raccoon tour]

sage won wrote:

<quoted text>
Proof, davey boy, proof
over site by congress? pleeeeeeese, don't make me laugh!
Bawney "dirty dik" Frank: " F and F are doing just fine"!

IT'S "OVERSIGHT" MORON, CAN'T YOU READ?

[sage won]

RealDave wrote:

<quoted text>
All bills containing a poison pill. Republicans passed bills they knew would not stand a chance in the Senate.
They had no desire to pass a bill that would pass the Senate & help America.

Proof?

[John Galt]

sage won wrote:

<quoted text>
Irrelevant dissembling. You're delusional if you think the ACA is funded, another liberal delusion.
How long have you hated seniors, including your own parents and grandparents? Couldn't we take food stamp money from grossly obese moochers to pay for part D ?

Medicare Part D is funded, at least in part, by premiums paid every month by those who are covered.

[sage won]

RealDave wrote:

<quoted text>
Look,the loser is till blaming Obama for the Bush recesson,.
How pathetic.
If there were no Bush recession, none of what you posted would be as it is.

You mean the Obama/CRA/Clinton/Carter/democ rat recession.

[sage won]

GhostofRaygun wrote:

<quoted text>Who do you believe pays for the 30 million without insurance now that windup in a hospital? You think Santa picks up their bill or everyone else?

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[sage won]

lily boca raton fl wrote:

<quoted text>
Clever!

stupid!

[Anonymous of Indy]

Fannie Mae

The Federal National Mortgage Association (FNMA; OTCQB: FNMA), commonly known as Fannie Mae, was founded in 1938 during the Great Depression as part of the New Deal. It is a government-sponsored enterprise (GSE), though it has been a publicly traded company since 1968. The corporation's purpose is to expand the secondary mortgage market by securitizing mortgages in the form of mortgage-backed securities (MBS), allowing lenders to reinvest their assets into more lending and in effect increasing the number of lenders in the mortgage market by reducing the reliance on thrifts. For a comprehensive list of articles discussing Fannie Mae, see Fannie Mae and Freddie Mac: A Bibliography.

http://en.wikipedia.org/wiki/Fannie_Mae

History

http://en.wikipedia.org/wiki/Fannie_Mae#Histo...

Government-sponsored enterprise

A government-sponsored enterprise (GSE) is a financial services corporation created by the United States Congress. Their intended function is to enhance the flow of credit to targeted sectors of the economy and to make those segments of the capital market more efficient and transparent, and to reduce the risk to investors and other suppliers of capital. The desired effect of the GSEs is to enhance the availability and reduce the cost of credit to the targeted borrowing sectors primarily by reducing the risk of capital losses to investors: agriculture, home finance and education. Congress created the first GSE in 1916 with the creation of the Farm Credit System; it initiated GSEs in the home finance segment of the economy with the creation of the Federal Home Loan Banks in 1932; and it targeted education when it chartered Sallie Mae in 1972 (although Congress allowed Sallie Mae to relinquish its government sponsorship and become a fully private institution via legislation in 1995). The residential mortgage borrowing segment is by far the largest of the borrowing segments in which the GSEs operate. GSEs hold or pool approximately $5 trillion worth of mortgages.

http://en.wikipedia.org/wiki/Government-spons...

[sage won]

lily boca raton fl wrote:

A 14-year-old girl charged with killing her newborn baby will be tried as an adult in court.
Cassidy Goodson was indicted by a grand jury on Thursday, according to the Lakeland Ledger.
Authorities say that on September 19, Goodson gave birth to her son in a Lakeland, Fla. bathroom, then strangled the baby. When asked why she killed her child, Goodson allegedly told authorities she "didn't know what to do with it." She had reportedly tried to hide her pregnancy using baggy clothes.
http://www.huffingtonpost.com/2012/10/05/cass...
(14 is not an adult, she is a child)

democrat, was she?

[sage won]

I believe casey anthony is a democrat

[sage won]

lily boca raton fl wrote:

Michael Dunn, a 45-year-old Florida resident is invoking the controversial law after a recent confrontation turned fatal, The Orlando Sentinel reports.
According to authorities, 17-year-old Jordan Russell Davis, a black teenager, and several other friends were confronted by Dunn, a white man, who pulled alongside the teens' SUV in the parking lot of a Jacksonville, Fla., gas station. Dunn asked them to turn their music down, and after an exchange of words, he fired between 8 and 9 shots at the vehicle, several of which hit Davis, causing his death.
http://www.huffingtonpost.com/2012/11/27/loud...
(This looks like Dunn was the instigator)

what about the sawed off shotgun? That your boyfriends pointed at him?

[Lily Boca Raton Fl]

sage won wrote:

<quoted text>
democrat, was she?

You're so dumb.

[Lily Boca Raton Fl]

sage won wrote:

<quoted text>
stupid!

Yes, you are

[sage won]

carol wrote:

Good morning everyone.
Have the rise of the oceans begun to slow and our planet begun to heal yet?
Just wondering.

"Babs" Streisand is asking for volunteers to help sandbag her Malibu beach house, are you available?

[sage won]

flack wrote:

<quoted text> See this!!! No mention what so ever that the innocent little black child pointed a sawed off shotgun at the man first. Libtards make me want to puke.

Oh, he was a child? Damn, now i feel really bad, i think I'll convert to a democrat.