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
sonicfilter

Fishers, IN

#1128530 Apr 29, 2014
harmonious wrote:
<quoted text>
Let's see some proof, Run a Mug
too easy.

Last June, I issued a challenge to everyone involved in the housing industry to help increase the number of minority families to be home owners. And what I'm talking about, I'm talking about your bankers and your brokers and developers, as well as members of faith-based community and community programs. And the response to the home owners challenge has been very strong and very gratifying. Twenty-two public and private partners have signed up to help meet our national goal. Partners in the mortgage finance industry are encouraging homeownership by purchasing more loans made by banks to African Americans, Hispanics and other minorities.

Representatives of the real estate and homebuilding industries, through their nationwide networks or affiliates, are committed to broadening homeownership. They made the commitment to help meet the national goal we set.

Freddie Mae -- Fannie Mae and Freddie Mac -- I see the heads who are here; I want to thank you all for coming --(laughter)-- have committed to provide more money for lenders. They've committed to help meet the shortage of capital available for minority home buyers.

Franklin told me at the meeting where we kicked this off, he said, I promise you we will help, and he has, like many others in this room have done......

Freddie Mac recently began 25 initiatives around the country to dismantle barriers and create greater opportunities for homeownership. One of the programs is designed to help deserving families who have bad credit histories to qualify for homeownership loans.

http://georgewbush-whitehouse.archives.gov/ne...

and so.....

..... both Paulson and his predecessor, John Snow, say the housing push went too far.

"The Bush administration took a lot of pride that home ownership had reached historic highs," Snow said during an interview. "But what we forgot in the process was that it has to be done in the context of people being able to afford their house. We now realize there was a high cost."

For much of the Bush presidency, the White House was preoccupied by terrorism and war; on the economic front, its pressing concerns were cutting taxes and privatizing Social Security, a government retirement and disability benefits program. The housing market was a bright spot: Ever-rising home values kept the economy humming, as owners drew down on their equity to buy consumer goods and pack their children off to college.

Lawrence Lindsay, Bush's first chief economic adviser, said there was little impetus to raise alarms about the proliferation of easy credit that was helping Bush meet housing goals.

"No one wanted to stop that bubble," Lindsay said. "It would have conflicted with the president's own policies."

http://www.nytimes.com/2008/12/21/business/wo...

any other questions?
Yeah

Mililani, HI

#1128531 Apr 29, 2014
Notrilis Waxman wrote:
<quoted text>
You give me way too much credit.
I have no time or interest in being a sock like you do retired old moron Democrat.
Feris makes a fool out of you. I simply ignore you, moron Commie (AKA DemoKrat).
lol! You're a ruskie son!

That's all the credit you can handle!
Yeah

Mililani, HI

#1128532 Apr 29, 2014
DBWriter wrote:
More Democrat racists... Let's see how fast the Sterling story disappears now.
L.A. Clippers owner Donald Sterling, whom commentators tried to tie to the Republican party immediately after his alleged racist statements became public, has in fact only given money to Democratic candidates, according to campaign-contribution records.
And yet, he's a conservative.

Oh well. I hate to tell you this but you're late to the dance son!
Yeah

Mililani, HI

#1128533 Apr 29, 2014
harmonious wrote:
<quoted text>
Prove Bush destroyed one single job, Dopey.
by Thomas J. DiLorenzo
The thousands of mortgage defaults and foreclosures in the "subprime" housing market (i.e., mortgage holders with poor credit ratings) is the direct result of thirty years of government policy that has forced banks to make bad loans to un-creditworthy borrowers. The policy in question is the 1977 Community Reinvestment Act (CRA), which compels banks to make loans to low-income borrowers and in what the supporters of the Act call "communities of color" that they might not otherwise make based on purely economic criteria.
The original lobbyists for the CRA were the hardcore leftists who supported the Carter administration and were often rewarded for their support with government grants and programs like the CRA that they benefited from. These included various "neighborhood organizations," as they like to call themselves, such as "ACORN" (Association of Community Organizations for Reform Now). These organizations claim that over $1 trillion in CRA loans have been made, although no one seems to know the magnitude with much certainty. A U.S. Senate Banking Committee staffer told me about ten years ago that at least $100 billion in such loans had been made in the first twenty years of the Act.
So-called "community groups" like ACORN benefit themselves from the CRA through a process that sounds like legalized extortion. The CRA is enforced by four federal government bureaucracies: the Fed, the Comptroller of the Currency, the Office of Thrift Supervision, and the Federal Deposit Insurance Corporation. The law is set up so that any bank merger, branch expansion, or new branch creation can be postponed or prohibited by any of these four bureaucracies if a CRA "protest" is issued by a "community group." This can cost banks great sums of money, and the "community groups" understand this perfectly well. It is their leverage. They use this leverage to get the banks to give them millions of dollars as well as promising to make a certain amount of bad loans in their communities.
lol! poor baby. you can only go back to a source of one person who can't say I told you so.

And yet, you can't figure out when CRA was repealed.

Why is that my little dweeb?
Yeah

Mililani, HI

#1128534 Apr 29, 2014
harmonious wrote:
<quoted text>
20% of american families have NO ONE working, That's what the boy blunder has accomplished, 47 million still on food stamps.
You must be soooo proud of this lying failure, god only knows why.
What was Romney's plan? Oh yes, let them fail!
Yeah

Mililani, HI

#1128535 Apr 29, 2014
harmonious wrote:
<quoted text>
You're confused, mistaken, dishonest and ignorant, the demorat authored mortgage meltdown caused the recession. But feel free to tell us how Bush caused the recession. If you can, or will.
lol! Poor baby. You're in denial.

I'm sure insanity isn't that far off your path if you have yet reached it...
Yeah

Mililani, HI

#1128536 Apr 29, 2014
harmonious wrote:
<quoted text>
Let's see some proof, Run a Mug
poor hammy.

He still has a problem with CRA he can't fix because his explanations make no sense.

See folks. This is what happens when you spit into the headwind called 'facts.'

Problem for hammy is he keeps trying!
John Galt

Temecula, CA

#1128537 Apr 29, 2014
fetch almighty wrote:
During an April 28 interview on The Lars Larson show, Fox News’ Juan Williams told a story about his wife’s car being stolen and her saying,“I wish I had a gun.”
Williams said that his wife “went to the gas station” this past weekend to fuel her car. He said that “while she’s trying to put the credit card in some guy rushes by her, gets in the car and drives off with the damn car.”
Williams said his wife’s response was,“I wish I had a gun.”
*Poor Mrs. Williams, if she wasn't married to a liberal she would have had a gun. I wish that Mrs. Williams gets a gun.
never leave the keys in the ignition when you leave the car.....
John Galt

Temecula, CA

#1128538 Apr 29, 2014
sonicfilter wrote:
<quoted text>
i would say that stopping cars, which they have no right to do, to check the identity of the people in the car is a violation of the Forth.
those same actions would fulfill the Fifth and the Sixth.
you're only half right.....

guess which half....
John Galt

Temecula, CA

#1128539 Apr 29, 2014
USAsince1680 wrote:
<quoted text>
LOL. You are saying "wrong" while agreeing with me. You said Pfizer was moving their headquarters overseas and I said that was nothing but a republican conspiracy theory. You have now acknowledged I was right while claiming I was wrong. Silly Nilly.
This is their official statement:
"The transaction, if consummated, is expected to result in the combination of the two companies under a new U.K.-incorporated holding company. As a global corporation, Pfizer would expect the combined company to have management in both the United States and the United Kingdom, and to maintain head offices in New York and list its shares on the New York Stock Exchange.... the currently contemplated structure under a new U.K.-incorporated holding company would not subject AstraZeneca’s non-U.S. profits to U.S. tax, which would be in the best interests of the combined company’s shareholders."
http://www.pfizer.com/news/press-release/pres...
you are becoming as OCD as dumbass Dave, which is forgivable at your advanced age.....

the point is that Pfizer will be a foreign corporation for tax purposes.....

time for a realistic US tax policy, instead of the highest corporate taxes in the world.....
Yeah

Mililani, HI

#1128540 Apr 29, 2014
Awww.... even with this disaster, Duke Energy is looking to make a buck from it's customers. Talk about no conscience or morals!!!\

Obviously Duke has bad management and bad practices!!!

http://www.wcnc.com/news/local/SC-electric-co...

"SC electric companies are cleaning up coal ash without rate hikes

by STUART WATSON / NBC Charlotte
Bio | Email | Follow:@stuartwcnc

Posted on April 29, 2014 at 5:54 PM

Updated today at 6:41 PM

CHARLOTTE, N.C.-- Duke Energy is cleaning up its massive coal ash spill in the Dan River at no charge to ratepayers. But Duke executives have made clear to both lawmakers and the public that the Charlotte-based utility plans to ask the North Carolina Public Utility Commission to pass along the costs of cleaning up dozens of other coal ash dumps to customers.

But in neighboring South Carolina, both SCE&G and Santee Cooper have already launched significant coal ash cleanups without turning to customers for a rate hike. And both South Carolina-based electric utilities are using cleanup methods pushed by environmentalists in court and resisted by Duke.

“It’s best for our customers-- taking care of an issue that would be here for many years to come,” said Santee Cooper VP Tom Kierspe.

Santee Cooper has dried out coal ash ponds, the same kind of dumps that spilled into the Dan River, and is sifting tons of gray ash to truck it off site to be refined and reused in concrete. Santee Cooper has described the effort as a “win-win-win” since it will restore the low country ponds as natural wetlands, provide jobs to local communities and produce a product useful in construction.

Duke has resisted a “one size fits all” approach for its coal ash dumps, saying they are each unique and vary greatly in size, from 1.2 million tons at Dan River to 22 million tons at the Marshall coal-fired steam station on Lake Norman.

“If you dig it all up then that adds another four to five billion dollars to the cost,” Duke’s North Carolina President Paul Newton told a group of lawmakers last week.

Duke has about 10-times the volume of coal ash than Santee Cooper – more than 100 million tons. So a company spokesman says it’s unfair to compare Duke to the smaller South Carolina companies.

After I quoted Southern Environmental Law Center attorney Frank Holleman last week saying the SC cleanups had “no impact” on SC ratepayers, Duke Spokesman Dave Scanzoni emailed me to say,“Your story did not differentiate between various degrees of impact. The story said ‘no impact’- erroneously implying to your viewers there was no cost to ratepayers. The story warrants correction for this factual error“.

“There has been no impact on rates,” said Holleman.“I’d stick by that statement.”..."
Yeah

Mililani, HI

#1128542 Apr 29, 2014
John Galt wrote:
<quoted text>
you are becoming as OCD as dumbass Dave, which is forgivable at your advanced age.....
the point is that Pfizer will be a foreign corporation for tax purposes.....
time for a realistic US tax policy, instead of the highest corporate taxes in the world.....
Let's see if I have this straight....

The UK's socialistic system is much better for business and taxes?

Does that sound about right?
John Galt

Temecula, CA

#1128543 Apr 29, 2014
Patrick wrote:
A federal judge in Wisconsin has struck down that state's Voter ID law.
District Judge Lynn Adelman ruled that the state didn't make a compelling case that voter fraud exists and needs to be combated. He also ruled that it's not clear that it would be easy for people without valid photo ID to obtain it and said the law unduly targets minority voters.
"The evidence at trial established that virtually no voter impersonation occurs in Wisconsin," Adelman wrote. "The defendants could not point to a single instance of known voter impersonation occurring in Wisconsin at any time in the recent past."
The decision comes a week after an Arkansas judge struck down that state's new Voter ID law. The Justice Department is also challenging such laws in North Carolina and Texas.
Adelman is a 74-year old career DemoKKKrat politician appointed by Clinton......

SCOTUS will eventually decide this issue......
Yeah

Mililani, HI

#1128545 Apr 29, 2014
harmonious wrote:
<quoted text>
are you by chance drinking?
poor hammy.

such a scared little mouse...
Yeah

Mililani, HI

#1128546 Apr 29, 2014
harmonious wrote:
<quoted text>
Fail, Run a Mug, Bush was giving a group of minorities a pep talk , nothing more, he signed no executive orders forcing any lender to do anything. Let's see an actual legal order Bush put into law that required any lender to loosen loan requirements. I have shown where demorats coerced lenders with the authority of the government to back them up.
you want to quote Bush himself, well here you go:
Setting the Record Straight: Six Years of Unheeded ...
georgewbush-whitehouse.... &#8206;
National Archives and Records Administration
Oct 9, 2008 - February: The Office of Federal Housing Enterprise Oversight .... December: President Bush again warns Congress of the need to pass ...
You visited this page on 3/4/14.
Timeline shows Bush, McCain warning Dems of financial ...
&#9658; 4:00&#9658; 4:00
www.youtube.com/watch... ;
YouTube
Sep 24, 2008 - Uploaded by ProudToBeCanadian
The Bush Admin and Senator McCain warned repeatedly about Fanny Mae ... 1:48 Barney Frank in 2005 ...
poor baby. lenders weren't coerced...

... they were capitalists!

You should stop making things up son. People might think you're.... lying!!!!

I love this comedy channel!
Eleanor Beaver

East Hartford, CT

#1128547 Apr 29, 2014
We finally know who orchestrated the phony story that an internet video was behind the Benghazi attack.

Judicial Watch announced today that on April 18, 2014, it obtained 41 new Benghazi-related State Department documents. They include a newly declassified email showing then-White House Deputy Strategic Communications Adviser Ben Rhodes and other Obama administration public relations officials attempting to orchestrate a campaign to “reinforce” President Obama and to portray the Benghazi consulate terrorist attack as being “rooted in an Internet video, and not a failure of policy.” Other documents show that State Department officials initially described the incident as an “attack” a possible kidnap attempt.
Yeah

Mililani, HI

#1128550 Apr 29, 2014
harmonious wrote:
<quoted text>
educate yourself chief:
The Nature and the Origin of the Subprime Mortgage Crisis
www.sjsu.edu/faculty/watkins/subprime.htm&... ;
San José State University
In the 1990's under the administration of Franklin Raines, a Clinton ... The banks typically earned a loan origination fee when the mortgage was granted.
You've visited this page 4 times. Last visit: 2/28/14
Bill Clinton's drive to increase homeownership went way too far ...
www.businessweek.com/.../clintons_drive.html&... ;
Bloomberg Businessweek
Feb 27, 2008 - Add President Clinton to the long list of people who deserve a share of ... Matters not that Clinton was responsible for forcing banks to lend to ...
Clinton's Legacy: The Financial and Housing Meltdown ...
reason.com/archives/.../clintons-legacy-the-f... ;
Reason
Oct 14, 2012 - Libertarianism Is More Than Just Rejecting Force ... Although Clinton legalized interstate banking in 1994 and commercial/investment ... lender with sky-high loan ceilings and no money down, and he legalized what a federal ...
Bill Clinton's drive to increase homeownership went way too far
Posted by: Peter Coy on February 27, 2008
bill clinton.jpgAdd President Clinton to the long list of people who deserve a share of the blame for the housing bubble and bust. A recently re-exposed document shows that his administration went to ridiculous lengths to increase the national homeownership rate. It promoted paper-thin downpayments and pushed for ways to get lenders to give mortgage loans to first-time buyers with shaky financing and incomes. It’s clear now that the erosion of lending standards pushed prices up by increasing demand, and later led to waves of defaults by people who never should have bought a home in the first place
Bill Clinton - 25 People to Blame for the Financial Crisis - TIME
content.time.com/time/.../0,28804,1877351_187... ;
In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods ...
lol! Poor baby.

In such deep, deep denial....

http://www.minneapolisfed.org/publications_pa... ;

"....The CRA emphasizes that banking institutions fulfill their CRA obligations within the framework of safe and sound operation. CRA performance evaluations have become more quantitative since 1995, when regulatory changes were enacted that stress actual performance rather than documented efforts to serve a community's credit needs. However, the CRA does not stipulate minimum targets or even goals for the volume of loans, services, or investments banking institutions must provide. While it is fair to say that the primary focus of CRA evaluations is the number and dollar amount of loans to lower-income borrowers or areas, the agencies instruct examiners to judge banks' performance in light of 1) each institution's capacity to extend credit to lower-income groups and 2) the local economic and market conditions that might affect the income and geographic distribution of lending....."
Yeah

Mililani, HI

#1128551 Apr 29, 2014
harmonious wrote:
this is where F and F came into play, led by 2 democrats who got very rich before the bubble burst
:Because Fannie Mae and Freddie Mac made a market for subprime mortgages the lenders did not have to worry about of the soundness of the mortgage contract they wrote. "
Government meddling[dems] caused the mortgage meltdown, Bush may not have been vociferous enough, but he didn't cause it.
lol! Poor baby....

poor, poor baby... you're such a lost and frightened little thing, aren't you? Especially since you're not into current events!

I love this comedy channel!

http://money.cnn.com/2014/01/30/news/companie...

"U.S. seeks $2.1 billion from Bank of America
By Chris Isidore @CNNMoney January 30, 2014: 2:39 PM ET

NEW YORK (CNNMoney)
The Justice Department is seeking $2.1 billion in fines from Bank of America related to mortgage fraud perpetrated by Countrywide Financial before it was purchased by BofA.

The amount is a significant increase from the previous request for $863 million.

The case involved mortgages sold in 2007 and early 2008 to Fannie Mae and Freddie Mac, the two government-backed mortgage finance companies. The loans were made under a Countrywide program known as the "High-Speed Swim Lane" but were known internally at the lender as "the Hustle" according to the Justice Department.

A jury found Bank of America guilty of fraud last October in a civil case involving Countrywide's actions. Bank of America (BAC, Fortune 500) acquired Countrywide in 2008.

Related: Bank of America warns of fresh U.S. lawsuit

In the motion filed late Wednesday, the government argues that Countrywide's gross proceeds from the sale of mortgage loans involved in the case topped $5 billion and that experts have determined 43% of those loans were "defective and sold with misrepresentations."

The case was originally brought by Edward O'Donnell, a former Countrywide executive who claims to have complained repeatedly about loan quality standards at the firm. O'Donnell, who could be awarded up to $1.6 million in the case, filed the suit under federal whistleblower laws and the Justice Department later joined...."
Yeah

Mililani, HI

#1128555 Apr 29, 2014
poor hammy. he so does enjoy being abused !
Yeah

Mililani, HI

#1128556 Apr 29, 2014
harmonious wrote:
this is where F and F came into play, led by 2 democrats who got very rich before the bubble burst
:Because Fannie Mae and Freddie Mac made a market for subprime mortgages the lenders did not have to worry about of the soundness of the mortgage contract they wrote. "
Government meddling[dems] caused the mortgage meltdown, Bush may not have been vociferous enough, but he didn't cause it.
lol! It was capitalism son! It was capitalism!

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