Barack Obama, our next President

"The road ahead will be long. Our climb will be steep," Obama cautioned. Young and charismatic but with little experience on the national level, Obama smashed through racial barriers and easily defeated ... Full Story
carol

Orlando, FL

#836387 Jan 10, 2013
Why we are where we are today:

1999 - Bill Clinton put CRA on steroids pushing Fannie Mae and Freddie Mac to increase number of sub-prime loans.
1999 - New York Times published an article “Fannie Mae Eases Credit to Aid Mortgage Lending” warning of coming crisis due to lax lending policies of the Clinton administration.
2003 - White House called Fannie and Freddie a “systemic risk” and Bush administration pushed Congress to enact new regulations.
2003 - Rep. Barney Frank said Fannie and Freddie are “not in a crisis,” bashed Republican-sponsored regulation legislation.
2005 - Federal Reserve Chairman Alan Greenspan voiced warning over F&F accounting, saying,“We are placing the total financial system of the future at a substantial risk.”
2005 - Sen. Charles Schumer said F&F “over the years have done an incredibly good job and are an intrinsic part of making America the best-housed people in the world.”
2006 - Sen. John McCain again called for reform of regulatory structure governing F&F. And again Democrats blocked reform legislation.
2008 - The housing market collapsed.
2008-Present - Democrats blamed the Republicans.
TheIndependentMa jority

Somerset, KY

#836388 Jan 10, 2013
flack wrote:
<quoted text> One would think on any decent forum they would have been banned a long time ago. It's really a shame we have to put up with it.
Hi Flack -Happy New Year :-)
carol

Orlando, FL

#836389 Jan 10, 2013
Why we are where we are today.

~Nobody checked the hundreds of millions of packaged loans carefully enough.
~Government regulation was scaled back - nobody in a position of authority overseeing process to insist loans were made according to standards.
~Banks made them to homeowners and quickly resold them to people on Wall Street who sold them again to investors.
~Everyone assumed somebody else was minding the store but nobody was scrutinizing these loans.
~Loans were made to people who should never have been approved in the first place and mortgage companies and investors profited immensely from those loans, temporarily.
brown eyes

Christiansburg, VA

#836390 Jan 10, 2013
One flew over the cuckoo's nest is being filmed in New Zealand. GF008 Safer World 2013
Grey Ghost

Partlow, VA

#836391 Jan 10, 2013
RealDave wrote:
<quoted text>
I am sick & tired of hearing you right whiners threatening armed insurrection.
Quit being such chickensh*ts.
Either do it or STFU.
Hey Dave, it's been a while since posting for me. I can see the moronic fanatical righties are still dwelling in idiotsville, while whining their pathetic asses off. Too funny. I was in hopes that by now those programmed minions would have all used their guns and last remaining brain cell for suicide. Just thinking about all of those morons packing weapons is scary.

Since: May 11

Loysville, PA

#836392 Jan 10, 2013
TheIndependentMajority wrote:
<quoted text>
And listen stoopido, even when people are "salaried" as in on the job, EVERY day ...SOME of us that weren't even engineers or lawyers, STILL had to turn in time sheets of ACCOUNTABILITY.
No worky, no pay. You think the REAL working world of Jane and Joe Shmoes gets fwee paychecks? You need to pull your head out of the butt of ignorance.
Duhmmy.
Thanks for helping me prove my point.

That some people work & do not turn in time sheets.

Try to keep up, sonny.

Since: May 11

Loysville, PA

#836393 Jan 10, 2013
TheIndependentMajority wrote:
<quoted text>
Oh now that would be a NOVEL concept...like..
KEYSTONE?
Keystone pipeline was not approved because the environmental studies were not yet complete.
brown eyes

Christiansburg, VA

#836394 Jan 10, 2013
I had nightmare last night NATO I dreamed I was Dolly Pardons infant son and was bottle fed throughout infancy. LOL GF008 Safer World 2013
TheIndependentMa jority

Somerset, KY

#836395 Jan 10, 2013
carol wrote:
Why we are where we are today:
1999 - Bill Clinton put CRA on steroids pushing Fannie Mae and Freddie Mac to increase number of sub-prime loans.
1999 - New York Times published an article “Fannie Mae Eases Credit to Aid Mortgage Lending” warning of coming crisis due to lax lending policies of the Clinton administration.
2003 - White House called Fannie and Freddie a “systemic risk” and Bush administration pushed Congress to enact new regulations.
2003 - Rep. Barney Frank said Fannie and Freddie are “not in a crisis,” bashed Republican-sponsored regulation legislation.
2005 - Federal Reserve Chairman Alan Greenspan voiced warning over F&F accounting, saying,“We are placing the total financial system of the future at a substantial risk.”
2005 - Sen. Charles Schumer said F&F “over the years have done an incredibly good job and are an intrinsic part of making America the best-housed people in the world.”
2006 - Sen. John McCain again called for reform of regulatory structure governing F&F. And again Democrats blocked reform legislation.
2008 - The housing market collapsed.
2008-Present - Democrats blamed the Republicans.
And inflation. Over forty years, housing market prices have increased times 19 in some areas. Not doubled, tripled or quadrupled, but ninteened. An economy spiraled to TOTALLY out of whack, fueled primarily by nothing more GREED, brought on by plague like waves of a LACK of ANYthing redemptive at the heart of Americas backbone no doubt!
Grey Ghost

Partlow, VA

#836396 Jan 10, 2013
brown eyes wrote:
Ted Bundy would have been stopped sooner had Pink Panther been on case. GF008 Safer World 2013
Hey Brown eyes, I love your part of the country,I hope all is well. I went to a couple V.T. games this year. I see the gun totting, bible thumping, moralistic brain deprived righties are still wallowing in ignorance and fanaticism.
brown eyes

Christiansburg, VA

#836397 Jan 10, 2013
Davy Crockett of Alamo fame was my favorite Congressman. GF008 Safer World 2013
brown eyes

Christiansburg, VA

#836398 Jan 10, 2013
Davy Crockett was favorite Congressman. GF008 Safer World 2013
TheIndependentMa jority

Somerset, KY

#836399 Jan 10, 2013
Grey Ghost wrote:
<quoted text>
Hey Dave, it's been a while since posting for me. I can see the moronic fanatical righties are still dwelling in idiotsville, while whining their pathetic asses off. Too funny. I was in hopes that by now those programmed minions would have all used their guns and last remaining brain cell for suicide. Just thinking about all of those morons packing weapons is scary.
Hand yours over, and try not to lick the shine of yer brown nose off the boots of the regime- bumpuss.

(and quit being so negative-it is NOT, I repeat NOT, NOT, NOT...mentally healthy for DECENT. non-hater type people)
carol

Orlando, FL

#836400 Jan 10, 2013
Those who profited most by ignorning impending crisis:

1. Dodd, Christopher Senate (D)-$133,900
2. Kerry, John Senate (D)-$111,000.
3. Obama, Barack Senate (D)-$105,849.
4. Clinton, Hillary Senate (D)-$75,550.
5. Kanjorski, Paul (D)-$65,500.
6. Bennett, Robert Senate (R)-$61,499.
7. Johnson, Tim Senate (D)-$61,000.
8. Conrad, Kent Senate (D)-$58,991.
9. Davis, Tom House (R)-$55,499.
10. Bond, Christopher Senate (R)-$55,400.

Republicans 3 versus Democrats 7. President Barack Obama/former Senator Obama holding the #3 spot.

Anyone who continues to solely blame Republicans and chooses to ignore the role the Democrats played in this economic crisis is, well...either a simpleton or a fool.
TheIndependentMa jority

Somerset, KY

#836401 Jan 10, 2013
RealDave wrote:
<quoted text>
Keystone pipeline was not approved because the environmental studies were not yet complete.
Stop lying too.
TheIndependentMa jority

Somerset, KY

#836402 Jan 10, 2013
Grey Ghost wrote:
<quoted text>
Hey Brown eyes, I love your part of the country,I hope all is well. I went to a couple V.T. games this year. I see the gun totting, bible thumping, moralistic brain deprived righties are still wallowing in ignorance and fanaticism.
Goober from bumpuss lol.
pens_make_us_dum

Conway, AR

#836403 Jan 10, 2013
Liberals love them some wind turbines....

Save the planet...

Wait...

'The amount of electricity generated from coal is rising as much as 50% in some European countries.'

http://www.economist.com/news/briefing/215690... |b
brown eyes

Christiansburg, VA

#836404 Jan 10, 2013
Some Hollywood women look like the have been shot in the back with two cruise missiles NATO. Does Botox cause this? Safer World 2013

Since: May 11

Loysville, PA

#836405 Jan 10, 2013
carol wrote:
Why we are where we are today:
1999 - Bill Clinton put CRA on steroids pushing Fannie Mae and Freddie Mac to increase number of sub-prime loans.
1999 - New York Times published an article “Fannie Mae Eases Credit to Aid Mortgage Lending” warning of coming crisis due to lax lending policies of the Clinton administration.
2003 - White House called Fannie and Freddie a “systemic risk” and Bush administration pushed Congress to enact new regulations.
2003 - Rep. Barney Frank said Fannie and Freddie are “not in a crisis,” bashed Republican-sponsored regulation legislation.
2005 - Federal Reserve Chairman Alan Greenspan voiced warning over F&F accounting, saying,“We are placing the total financial system of the future at a substantial risk.”
2005 - Sen. Charles Schumer said F&F “over the years have done an incredibly good job and are an intrinsic part of making America the best-housed people in the world.”
2006 - Sen. John McCain again called for reform of regulatory structure governing F&F. And again Democrats blocked reform legislation.
2008 - The housing market collapsed.
2008-Present - Democrats blamed the Republicans.
Carol is an idiot.

Your claim that Vill Clinton put the CRA on steroids is jut too funny.
That bill, Graham, Bailey, Leach is the one where Republicans tore down the safeguards between banks & investment houses.

All Clinton did was insist that these new players in the mortgage business play by the same rules as the banks did as far as the CRA.

Where the uninformed like you get confused is that you think that all subprime loans are CRA loans. While CRA loans are subprime by definition they are not the loans that caused the mortgage meltdown.

Statistics show that the percentage of all loans that were CRA is about the same as the percentage of all failed loans that were CRA.
TheIndependentMa jority

Somerset, KY

#836406 Jan 10, 2013
RealDave wrote:
<quoted text>
Thanks for helping me prove my point.
That some people work & do not turn in time sheets.
Try to keep up, sonny.
Well...that IS a true statement.

There's yer once a day, goober bumpuss "yew gotz that righTUH" fer a change, bumpuss sign lol.

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