Barack Obama, our next President

Full story: Hampton Roads Daily Press

"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 ...
Comments
882,801 - 882,820 of 1,101,669 Comments Last updated 12 min ago
John Galt

Temecula, CA

#961164 Aug 7, 2013
Ilkwas wrote:
<quoted text>
You're an elite from the government and labor unions?
Just kidding. I agree that congress and the president should be included in Obamacare. It would be the best healthcare in history.
Are you saying that union members are exempt because they already have their own insurance? Most working people fall into that category both in the private sector and public employees.
Unions are exempt because their "Cadillac" plans would result in a tax penalty for anybody else. Non-union members with similar plans will see their benefits cut to escape the tax.

If you don't know that, you're stupider than imagined.
John Galt

Temecula, CA

#961166 Aug 7, 2013
Ilkwas wrote:
<quoted text>
You're an elite from the government and labor unions?
Just kidding. I agree that congress and the president should be included in Obamacare. It would be the best healthcare in history.
Are you saying that union members are exempt because they already have their own insurance? Most working people fall into that category both in the private sector and public employees.
By the way, the ObamaKKKarre exchange plans are crummy medicine, loaded with third-rate provider networks.

That is, if one cares about quality instead of cost.
John Galt

Temecula, CA

#961168 Aug 7, 2013
Yeah wrote:
<quoted text>So... who benefited?
And please don't post your opinion. We've had enough of those "roads to nowhere."
The real middle class benefited, a population defined by values as much as by income.

The "middle class" is not defined by the median income.
Yeah

Mililani, HI

#961169 Aug 7, 2013
John Galt wrote:
<quoted text>
The real middle class benefited, a population defined by values as much as by income.
The "middle class" is not defined by the median income.
lol! Can't follow instructions can you?
Hold Onto Your Hats

Belton, TX

#961170 Aug 7, 2013
This is what Obamacare will do to the country. God Help us!

http://safeshare.tv/w/zwhKdMtFHf
John Galt

Temecula, CA

#961171 Aug 7, 2013
Yeah wrote:
<quoted text>lol! Can't follow instructions can you?
Go back to your rathole in Bumpass or Moreno Valley or wherever, you draft-dodging scumbag.

Since: Aug 11

Location hidden

#961172 Aug 7, 2013
Yeah wrote:
<quoted text>Then they must have been forced to under the bushie boy administration too.
You are right GW Bush Adminstration did carry on with those HUD policies and the Legislation enacted under Clinton Adminstration and used tax payer dollars too to help low income people to buy houses and why I have said too GW Bush was a Pseudo Liberal within the Republican Party which even Bruce Bartlett confirms that in his Book "How George W. Bush Bankrupt America and betrayed the Reagan Legacy".

Home Ownership and President Bush



George Bush: we want everybody in America to own their own home. That's what we want.

http://www.youtube.com/watch...
Yeah

Mililani, HI

#961173 Aug 7, 2013
John Galt wrote:
<quoted text>
Go back to your rathole in Bumpass or Moreno Valley or wherever, you draft-dodging scumbag.
Don't you just hate when the facts don't follow your lead?
Yeah

Mililani, HI

#961174 Aug 7, 2013
Anonymous of Indy wrote:
<quoted text>You are right GW Bush Adminstration did carry on with those HUD policies and the Legislation enacted under Clinton Adminstration and used tax payer dollars too to help low income people to buy houses and why I have said too GW Bush was a Pseudo Liberal within the Republican Party which even Bruce Bartlett confirms that in his Book "How George W. Bush Bankrupt America and betrayed the Reagan Legacy".
Home Ownership and President Bush
http://www.youtube.com/watch?v =QYvtvcBKgIQXX
George Bush: we want everybody in America to own their own home. That's what we want.
http://www.youtube.com/watch...
And they still haven't changed it.

By golly! the banks must really be in the hole now.....

... but hark! they're not.

Apparently, the facts don't match with what you believe should be happening.

I wonder why? I bet it's.... capitalism that was the cause!
Yeah

Mililani, HI

#961175 Aug 7, 2013
lol! Czar Reince Priebus!

I wonder what kind of salute he plans on using?
John Galt

Temecula, CA

#961176 Aug 7, 2013
Anonymous of Indy wrote:
<quoted text>You are right GW Bush Adminstration did carry on with those HUD policies and the Legislation enacted under Clinton Adminstration and used tax payer dollars too to help low income people to buy houses and why I have said too GW Bush was a Pseudo Liberal within the Republican Party which even Bruce Bartlett confirms that in his Book "How George W. Bush Bankrupt America and betrayed the Reagan Legacy".
Home Ownership and President Bush
http://www.youtube.com/watch?v =QYvtvcBKgIQXX
George Bush: we want everybody in America to own their own home. That's what we want.
http://www.youtube.com/watch...
The problem was not solely low income buyers, but others who got caught up in a housing bubble and paid far more than their homes were worth.

No amount of legislation can cure stupidity.
Yeah

Mililani, HI

#961177 Aug 7, 2013
Anonymous of Indy wrote:
<quoted text>You are right GW Bush Adminstration did carry on with those HUD policies and the Legislation enacted under Clinton Adminstration and used tax payer dollars too to help low income people to buy houses and why I have said too GW Bush was a Pseudo Liberal within the Republican Party which even Bruce Bartlett confirms that in his Book "How George W. Bush Bankrupt America and betrayed the Reagan Legacy".
Home Ownership and President Bush
http://www.youtube.com/watch?v =QYvtvcBKgIQXX
George Bush: we want everybody in America to own their own home. That's what we want.
http://www.youtube.com/watch...
Golly. Even with the 'bad law' in place, looks what's happening. I guess the facts don't agree with you....

"
Freddie Mac profit jumps; will pay U.S. Treasury $4.4 billion

Like
Dislike

Reuters
Margaret Chadbourn 13 hours ago Budget, Tax & EconomyFinanceFreddie MacFannie MaeInterest rate
File photo shows the headquarters of mortgage lender Freddie Mac in McLean
.

View gallery
The headquarters of mortgage lender Freddie Mac is seen in Mclean, Virginia, near Washington, in this

By Margaret Chadbourn

WASHINGTON (Reuters)- Freddie Mac , the U.S.-owned mortgage finance company, on Wednesday said its second-quarter profit surged 65 percent to $5.0 billion, its second largest ever, as rising home prices limited credit losses and it booked big gains on derivatives that benefited from rising interest rates.

That big profit and another like it expected soon from larger sister Fannie Mae are fast becoming the centerpiece of the debate over housing-finance reform, which has languished since taxpayers stepped in to rescue the pair to the tune of nearly $188 billion during the financial crisis....

Freddie Mac, which has operated under federal conservatorship since it was seized in 2008 during the financial crisis, said that based on its net worth of $7.4 billion, it will make a dividend payment of $4.4 billion to the U.S. Treasury as part of the reimbursement for its rescue aid.

Meanwhile, the company continued to hold off on writing up $28.6 billion in tax assets, an accounting move that would dramatically increase its remittance to the Treasury. A determination on when to mark up some or all of the so-called deferred tax assets could occur by year end, the company said.

"If the positive trend in our book and taxable income continues, we may release the valuation allowance in the next two quarters," Freddie Mac Chief Executive Officer Donald Layton said in a conference call.

Fannie Mae has already booked a comparable allowance in the first quarter, triggering a massive dividend to the Treasury of $59.4 billion, most of which was attributable directly to the accounting gain.

For the second quarter, Freddie's net income rose to $5.0 billion from $3.0 billion a year earlier. It was up 9 percent from the first quarter's $4.6 billion, putting the company on track for record annual profitability....

PROFITS FROM HOUSING RECOVERY

The return to profitability of Freddie and Fannie in the last two years has largely occurred on the back of a continuing housing market recovery, marked by rising home prices and falling mortgage delinquencies.

U.S. home prices are rising at the fastest pace since 2006. The S&P/Case Shiller index of property values in May showed home prices racked up a hefty 12.2 percent gain from the year before.

Both Freddie Mac and Fannie Mae are required to pay everything above $3 billion to the Treasury in return for taxpayer aid under existing bailout terms.

The two companies have paid nearly $132 billion in dividend payments. Freddie expects to pay the Treasury the $4.4 billion dividend payment by September, bringing Freddie's total to roughly $41 billion as the amount of dividends it will have paid to the Treasury. The company has drawn $71 billion in federal aid, which leaves taxpayers on the hook for about $30 billion...."
Yeah

Mililani, HI

#961178 Aug 7, 2013
John Galt wrote:
<quoted text>
The problem was not solely low income buyers, but others who got caught up in a housing bubble and paid far more than their homes were worth.
No amount of legislation can cure stupidity.
It's called capitalism.

Since: Aug 13

Kansas City, MO

#961179 Aug 7, 2013
John Galt wrote:
<quoted text>
By the way, the ObamaKKKarre exchange plans are crummy medicine, loaded with third-rate provider networks.
That is, if one cares about quality instead of cost.
What is the source of your last two posts to me?

Since: Aug 11

Location hidden

#961180 Aug 7, 2013
Yeah wrote:
<quoted text>And they still haven't changed it.
By golly! the banks must really be in the hole now.....
... but hark! they're not.
Apparently, the facts don't match with what you believe should be happening.
I wonder why? I bet it's.... capitalism that was the cause!
Socialism was the cause not pure Capitalism which would reject the Government's involvement and now it is harder for low Income people to get mortgages now thanks to Socialism which I told you that the Federal Reserve requested changes to the CRA and again its not pure Capitalism when the Federal Government is allowed to interfere economically that is Socialism and it tells me you are one of those that the Federal Government here in US has believing that American Capitalism is actually pure Capitalism and its not pure Capitalism just Capitalism in name only and just a hybrid form of Socialism as Karl Marxs would call it that mimics certian aspects of pure Capitalism but not true pure Capitalism.

In this article, you'll explore capitalism: its roots, principles and effects, benefits and shortcomings. We'll find out how capitalism compares to the alternative method of doing business. Incidentally, the United States doesn't actually practice capitalism. No one does these days.

In pure capitalism, things like child labor laws, Social Security, anti-discriminatory hiring practices and a minimum wage have no place. Capitalism rejects all government intervention in economic matters.

http://money.howstuffworks.com/capitalism.htm

Since: Aug 11

Location hidden

#961181 Aug 7, 2013
Yeah wrote:
<quoted text>It's called capitalism.
It's called Socialism.
John Galt

Temecula, CA

#961182 Aug 7, 2013
Ilkwas wrote:
<quoted text>
What is the source of your last two posts to me?
Only fools think that they can get something for nothing, like ObamaKKKare.
Yeah

San Jose, CA

#961184 Aug 7, 2013
Anonymous of Indy wrote:
<quoted text>It's called Socialism.
I wonder why Freddie fannie made so much money at then? And the Clinton law is still in place, right?

Hmmmmmmm......

Socialism? I don't think so.....
Yeah

San Jose, CA

#961185 Aug 7, 2013
Anonymous of Indy wrote:
<quoted text>Socialism was the cause not pure Capitalism which would reject the Government's involvement and now it is harder for low Income people to get mortgages now thanks to Socialism which I told you that the Federal Reserve requested changes to the CRA and again its not pure Capitalism when the Federal Government is allowed to interfere economically that is Socialism and it tells me you are one of those that the Federal Government here in US has believing that American Capitalism is actually pure Capitalism and its not pure Capitalism just Capitalism in name only and just a hybrid form of Socialism as Karl Marxs would call it that mimics certian aspects of pure Capitalism but not true pure Capitalism.
In this article, you'll explore capitalism: its roots, principles and effects, benefits and shortcomings. We'll find out how capitalism compares to the alternative method of doing business. Incidentally, the United States doesn't actually practice capitalism. No one does these days.
In pure capitalism, things like child labor laws, Social Security, anti-discriminatory hiring practices and a minimum wage have no place. Capitalism rejects all government intervention in economic matters.
http://money.howstuffworks.com/capitalism.htm
Then you must be saying socialism works....

Since: Aug 11

Location hidden

#961187 Aug 7, 2013
John Galt wrote:
<quoted text>
The problem was not solely low income buyers, but others who got caught up in a housing bubble and paid far more than their homes were worth.
No amount of legislation can cure stupidity.
But that was the purpose of allowing Low Income people to buy house to create demand and drive prices up and once those people's Federal Mortgage Defermants ran out they were forclosed on or they walked away and is what too caused housing prices to tumble besides that is how I found out how this one couple was living in this one house and we knew their jobs that they had there was no way they could afford the house which I couldn't figure out how they were doing it but actually what they were doing was living there for free while their payments were being deferred by the Federal Government and all they were doing was just paying the utilities during the defferment period while living there is what the guy who was there to take the house back told and said alot of them were doing that and the Federal Government was allowing it.

Tell me when this thread is updated: (Registration is not required)

Add to my Tracker Send me an email

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Chicago Discussions

Title Updated Last By Comments
Topix Chitown Regulars (Aug '09) 12 min RACE 97,980
Ill. House Approves Legalizing Same-Sex Civil U... (Dec '10) 18 min observer 49,511
BARACK OBAMA BIRTH CERTIFICATE: Suit contesting... (Jan '09) 44 min LRS 177,531
CHICAGO: 5-Dead, 42-Wounded In the 2014 Labor D... 56 min YOUNG BLACK KILLERS 1
Obama promises more than 600,000 stimulus jobs (Jun '09) 2 hr OPERATION BID RIG 109,598
Once slow-moving threat, global warming speeds ... (Dec '08) 2 hr litesong 46,382
Abby 9-2 3 hr Pippa 11
•••
Chicago Dating

more search filters

less search filters

•••

Chicago Jobs

•••
Enter and win $5000
•••
•••

Chicago People Search

Addresses and phone numbers for FREE

•••

Chicago News, Events & Info

Click for news, events and info in Chicago
•••

Personal Finance

Mortgages [ See current mortgage rates ]
•••