Barack Obama, our next President

Barack Obama, our next President

There are 1508061 comments on the Hampton Roads Daily Press story from Nov 5, 2008, titled Barack Obama, our next President. In it, Hampton Roads Daily Press reports that:

"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 ...

Join the discussion below, or Read more at Hampton Roads Daily Press.

Leggy Mountbatten

Denver, CO

#917950 Jun 3, 2013
the truth ignorant libs can never admit:

San José State University
Department of Economics

The Nature and the Origin
of the Subprime Mortgage Crisis

There has been a long term American policy of promoting home ownership. This entailed making the financing of home purchases as easy as possible. Various financial institutions were set up over time to make the securing of a mortgage quick and convenient. There once were Savings and Loan Associations that were savings institutions which could only invest in home mortgages. Fannie Mae (the Federal Nation Mortgage Association FNMA) was set up in 1938 to provide a secondary market for home mortgages. This meant that if a bank granted a mortgage to someone and later the bank needed funds the bank could readily sell the mortgage to Fannie Mae. However, in order for lending institutions to have access to the secondary mortgage market of Fannie Mae they had to abide by Fannie Mae's rules.

In the past Fannie Mae prohibited the lenders it was dealing with to engage in the practice of red lining. Red Lining meant that a bank would refuse to finance a home purchase in neighborhoods it consider high risk even if the prospective borrowers were themselves good credit risks. In part, this was because the bank did not want, in the event of default and foreclosure, to become the owner of property in a risky neighborhood. The deeper roots of the problem go back to the Community Reinvestment Act of 1977.

In the 1990's under the administration of Franklin Raines, a Clinton Administration appointee, Fannie Mae began to demand that the lending institutions that it dealt with prove that they were not redlining. This meant that the lending institutions would have to fulfill a quota of minority mortgage lending. This in turn meant that the lending agencies would have to lower their standards in terms of such things as down payments and the required incomes. These subprime borrowers would be charged a higher interest rate. Having put the lending agencies into the position of granting subprime mortgages Fannie Mae then had to accept lower standards in the mortgages it purchased. That set the ball rolling. If a bank granted a mortgage to a borrower that was not likely to successfully pay off the mortgage then all the bank had to do was to sell such mortgages to Fannie Mae. The banks typically earned a loan origination fee when the mortgage was granted. The lending agencies could then make substantial profits dealing in subprime mortgages.

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. Thus the lenders could write the mortgages as adjustable interest rate mortgages knowing full well that an upturn in the interest rates could easily throw the borrower into insolvency. For example, when the interest rate is 6 percent the mortgage payment for a 30-year $200,000 mortgage is $1199 per month. If the interest rate goes up to 7 percent the mortgage payment would increase by $131 per month, an 11 percent increase. For many of the subprime borrowers living on the edge of insolvency this would be enough to push them over the edge. The guilt for the subprime mortgage financial crisis lies both with the lenders who knowingly put borrowers into booby trapped mortgages and the management of Fannie Mae and Freddie Mac for making a market for such booby trapped mortgages thus giving the lenders the incentive for writing them.

Judged:

10

10

10

Reply »
Report Abuse Judge it!

“Come Home America!”

Since: Nov 11

Claymont, Delaware 19809

#917951 Jun 3, 2013
Leggy Mountbatten wrote:
<quoted text>
Worthless, fleabagging, freeloading welfare mooches are deserving of deprecating, they're parasites on the backside of society.
You must not think much of your neighbors, lonely man.

Judged:

10

10

9

Reply »
Report Abuse Judge it!
Leggy Mountbatten

Denver, CO

#917952 Jun 3, 2013
All anyone needs to know about the democrat authored mortgage meltdown:

"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. Thus the lenders could write the mortgages as adjustable interest rate mortgages knowing full well that an upturn in the interest rates could easily throw the borrower into insolvency. "

Guilty as charged.
John Galt

Temecula, CA

#917953 Jun 3, 2013
Homer wrote:
The Supreme Court on Monday upheld the police practice of taking DNA samples from people who have been arrested but not convicted of a crime, ruling that it amounts to the 21st century version of fingerprinting.
The ruling was 5-4. Justice Antonin Scalia, a conservative, joined three of the court’s more liberal members — Justices Ruth Bader Ginsburg, Sonia Sotomayor and Elena Kagan — in dissenting.
The five justices in the majority ruled that DNA sampling, after an arrest “for a serious offense” and when officers “bring the suspect to the station to be detained in custody,” does not violate the Fourth Amendment’s prohibition of unreasonable searches.
Under those specifications, the court said,“taking and analyzing a cheek swab of the arrestee’s DNA is, like fingerprinting and photographing, a legitimate police booking procedure that is reasonable under the Fourth Amendment.”
Scalia’s siding with the liberals reflects his growing concern over the past five years about privacy, said Tom Goldstein, the publisher of SCOTUSblog, who teaches at Harvard Law School and is a Supreme Court analyst for NBC News.
http://usnews.nbcnews.com/_news/2013/06/03/18...
I wonder how Galt feels about this?
Bad decision.

“Come Home America!”

Since: Nov 11

Claymont, Delaware 19809

#917954 Jun 3, 2013
Leggy Mountbatten wrote:
<quoted text>
Another stint in the nut house? Welcome back.
He left you behind in the 'nuthouse'? Listen to your doctors! Get Well!
Yeah

Honolulu, HI

#917956 Jun 3, 2013
Leggy Mountbatten wrote:
<quoted text>
FARTSACK, no work again today?
You must be taking the wrong dope son.

You should start taking the 'right' one!
John Galt

Temecula, CA

#917957 Jun 3, 2013
frontporchreactionary wrote:
<quoted text> No, public option kicks in--Medicare for all . That means that if some republican governors think that they are helping to defy Obamacare which is federal law by refusing to implement it must realize by now that they're obstructing a happy capitalism model of healthcare reform and forcing upon on all of us a Big Government , centrally-planned public option that will become necessary or millions of Americans will die shortened lives and bankrupt. LOL
Not without further legislation, which is unlikely.
Leggy Mountbatten

Denver, CO

#917958 Jun 3, 2013
USAsince1680 wrote:
<quoted text>
You don't know that Zimmerman was the one pursuing Martin when the attack occured. Zimmerman has said that was not the case. In fact, about 4 minutes into his call with police, he told them he didn't know where Martin was. Approximately four minutes later, gun shots are heard. No body knows what happened in those four minutes. The final decision of who is right and wrong will be made by jurors based on evidence. Wait for it.
The scene: A Florida court room
The players: The Judge,
defense attorney Perry Mason[me],
DA Hamilton Burger[any member of the circle jerking clown posse],
Trayvons "hoodie",
Baliffs, reporters, etc.

Act one:

Judge: Mr. Burger, present your first witness

Burger: I call Trayvon's "hoodie" to the stand
[bailiff props up "hoodie" in chair]

Burger: Can you tell us what you were doing on the night of Feb. 27th this year?
Hoodie: silence

Burger: Hoodie, can you tell us?

Hoodie: more silence

Mason: Object your honor, the witness is not being responsive!
Judge: Mr. Burger advise your witness to speak up

Burger: Can you speak up Hoodie, the court can't hear you
Hoodie: even more silence

Mason: Move to have this witness dismissed, your Honor, his testimony is irrelevant, immaterial and not based on evidence presented
Judge: so ordered Mr .Burger call your next witness

Burger: I have no more witnesses

Mason: Move for a dismissal, your Honor

Judge: so ordered, the defendent is free to go
Mason[me] thank you your honor.

LMAO
Yeah

Honolulu, HI

#917959 Jun 3, 2013
Leggy Mountbatten wrote:
the truth ignorant libs can never admit:
San José State University
Department of Economics
The Nature and the Origin
of the Subprime Mortgage Crisis
There has been a long term American policy of promoting home ownership. This entailed making the financing of home purchases as easy as possible. Various financial institutions were set up over time to make the securing of a mortgage quick and convenient. There once were Savings and Loan Associations that were savings institutions which could only invest in home mortgages. Fannie Mae (the Federal Nation Mortgage Association FNMA) was set up in 1938 to provide a secondary market for home mortgages. This meant that if a bank granted a mortgage to someone and later the bank needed funds the bank could readily sell the mortgage to Fannie Mae. However, in order for lending institutions to have access to the secondary mortgage market of Fannie Mae they had to abide by Fannie Mae's rules.
In the past Fannie Mae prohibited the lenders it was dealing with to engage in the practice of red lining. Red Lining meant that a bank would refuse to finance a home purchase in neighborhoods it consider high risk even if the prospective borrowers were themselves good credit risks. In part, this was because the bank did not want, in the event of default and foreclosure, to become the owner of property in a risky neighborhood. The deeper roots of the problem go back to the Community Reinvestment Act of 1977.
In the 1990's under the administration of Franklin Raines, a Clinton Administration appointee, Fannie Mae began to demand that the lending institutions that it dealt with prove that they were not redlining. This meant that the lending institutions would have to fulfill a quota of minority mortgage lending. This in turn meant that the lending agencies would have to lower their standards in terms of such things as down payments and the required incomes. These subprime borrowers would be charged a higher interest rate. 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. Thus the lenders could write the mortgages as adjustable interest rate mortgages knowing full well that an upturn in the interest rates could easily throw the borrower into insolvency. For example, when the interest rate is 6 percent the mortgage payment for a 30-year $200,000 mortgage is $1199 per month. If the interest rate goes up to 7 percent the mortgage payment would increase by $131 per month, an 11 percent increase. For many of the subprime borrowers living on the edge of insolvency this would be enough to push them over the edge. The guilt for the subprime mortgage financial crisis lies both with the lenders who knowingly put borrowers into booby trapped mortgages and the management of Fannie Mae and Freddie Mac for making a market for such booby trapped mortgages thus giving the lenders the incentive for writing them.
lol! "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. Thus the lenders could write the mortgages as adjustable interest rate mortgages knowing full well that an upturn in the interest rates could easily throw the borrower into insolvency..."

Obviously you missed the latest on this. But hey! That's ok. You prefer to be stuck on stupid.
John Galt

Temecula, CA

#917961 Jun 3, 2013
John Galt wrote:
<quoted text>
Bad decision.
...but not as bad as the Obamacare decision.

Judged:

12

12

12

Reply »
Report Abuse Judge it!
Leggy Mountbatten

Denver, CO

#917962 Jun 3, 2013
Death of Tenzing wrote:
<quoted text>
I'm a retard-with-his-finger-up-his- nose sort of way I guess.
we see.

Judged:

12

12

12

Reply »
Report Abuse Judge it!
Leggy Mountbatten

Denver, CO

#917964 Jun 3, 2013
USAsince1680 wrote:
<quoted text>
If Trayvon assaulted Zimmerman, wouldn't his death be a real possibility? Why would his death be Zimmerman's fault? See where I am going with this?
It is up to the prosecution to present a jury with enough evidence to back up THEIR CLAIM of second degree murder. If they can't, Zimmerman walks.
I'm not trying to take sides. Quite the opposite, I have no idea what the outcome will be and I don't care one way or the other since I don't have all the facts. Personally, I honestly don't know if Zimmerman was the assaulter or the assaultee. I'm keeping an open mind and confident the jury will sort things out.
Enough said.
Lawyer, professor and political commentator Alan Dershowitz stopped by America Live Wednesday afternoon, where he shared his thoughts on the George Zimmerman case with host Megyn Kelly. In a nutshell: He thinks the case has gone to hell in a widely-publicized handbasket. Specifically, he believes that, if anyone should be tried in this case, it should be Special Prosecutor Angela Corey.

RELATED: CNN’s Toobin On Zimmerman Murder Charge:‘She Threw The Book At Him’

“This affidavit,” he said,“submitted by the prosecutor in the Florida case is a crime. It’s a crime. If she in fact knew about ABC News’ pictures of the bloody head of Zimmerman and failed to include that in the affidavit, this affidavit is not the truth, the whole truth and nothing but the truth.”

He also took the prosecution to task for having used the passive voice —“a struggle ensued”— to describe the altercation that allegedly took place between Zimmerman and Trayvon Martin leading up to Trayvon’s death without adding pertinent evidence and details, such as whether Martin had been on top of Zimmerman, thus able to bash his head against the pavement as Zimmerman has claimed.

The prosecution’s goal, Dershowitz explained, is to present all the details and evidence of the case in order to pursue justice, not merely to seek justice solely for one side of the case. And “you don’t indict based on false information,” he told Kelly.

Judged:

12

12

12

Reply »
Report Abuse Judge it!

“Come Home America!”

Since: Nov 11

Claymont, Delaware 19809

#917965 Jun 3, 2013
fetch almighty wrote:
<quoted text>Iraq would have been stable by now, if O'bama had not declared 'we surrender' and if he would not have waved the flag of Islam.
We waited 8 years of Bush W promises that the surge was working and Iraq would be stable. We finally had to elect a stronger Barack Hussein Obama as U S President in 2008 who had the guts to say when enough war is enough!

Judged:

12

11

11

Reply »
Report Abuse Judge it!
Leggy Mountbatten

Denver, CO

#917966 Jun 3, 2013
Aunt Bettie Lou wrote:
The scandal no one is talking about.
"Profligate" - utterly shameless, reckless, extravagant spending and waste. Our tax dollars fall short of the annual expenses of the federal government by almost 1/3 or more year after year.
This scandal shows no favoritism. It holds the potential to deliver the most devastating consequences to all Americans.
Forty years ago we were the largest lending nation on Earth, today we are the largest debtor nation on Earth.
Proverbs warns: "The borrower is servant to the lender."
http://www.reuters.com/article/2013/05/22/cro...
Somehow we've forgotten about the cliff we're about to go over trying to put out the fires in the engine room.
The fleabaggers on the left haven't forgotten, they just don't care, "justice" must be done, we must spend $500 billion a year on the indolent and lazy.

Judged:

13

13

13

Reply »
Report Abuse Judge it!

“Come Home America!”

Since: Nov 11

Claymont, Delaware 19809

#917967 Jun 3, 2013
John Galt wrote:
<quoted text>
Not without further legislation, which is unlikely.
You prefer the screaming and gnashing of teeth of Americans dying and bankrupt rather than 'further legislation'?

Judged:

12

11

11

Reply »
Report Abuse Judge it!

“Come Home America!”

Since: Nov 11

Claymont, Delaware 19809

#917968 Jun 3, 2013
John Galt wrote:
<quoted text>
A Freudian slip?
Guess you think down 37% in a rising market is a good deal.
I wonder how Galt and Aunt Bettie Lou take being lied to by Exxon-Mobil? New documents reveal that Exxon knew how dangerous the Mayflower spill was, yet claimed it was "oil free".

http://alternet.org/corporate-accountability-...

Judged:

13

13

11

Reply »
Report Abuse Judge it!
Leggy Mountbatten

Denver, CO

#917969 Jun 3, 2013
Aunt Bettie Lou wrote:
<quoted text>
Zimmerman took his gun and left his house after being told to stay put knowing the police were on the way.
It should have gone to trial. As it did.
That's not how it happened.

The new perspective came from the original police report which noted Zimmerman had a bloody nose, gashes on the back of his head and grass stains on his back. Obviously there had been some sort of fight. Zimmerman had told police that as he moved to go back to his vehicle the teenager asked him if he "had a problem." When he answered, "No" and reached for his phone to make another 9-1-1 call, Zimmerman said Martin declared, "Well, you do now," and knocked him to the ground. The young man then bashed his head into the concrete several times and in the scuffle, Zimmerman claimed, he shot Martin in self-defense. An eyewitness backs up this account saying the person in the red shirt (Zimmerman) was being beaten by the person in the dark hoodie (Martin). ABC News then broadcast grainy video of Zimmerman arriving at the police station in handcuffs and none of the injuries listed on the report were visible. Days later, ABC enhanced the footage and apparent head wounds were suddenly visible.

Martin lurked between the houses and accosted Zimmerman as he walked back to his vehicle. Martin choose not to go home. Likely he was casing houses, looking to steal. Martin was a known thief.

Judged:

13

13

13

Reply »
Report Abuse Judge it!
Leggy Mountbatten

Denver, CO

#917970 Jun 3, 2013
from the Dade County school handbook, proof Trayvon had committed a serious offense, Like assaulting a school bus driver:

Level V

Aggravated battery against a non-staff member
• Armed robbery
• Arson
• Assault/Threat against M-DCPS employees or persons
conducting official business
• Battery or Aggravated battery against M-DCPS employees
or persons conducting official business*
• Homicide
• Kidnapping/Abduction
• Making a false report/threat against the school*
• Sexual battery
• Possession, use, sale, or distribution of firearms, explosives,
destructive devices, and other weapons.*

----------

PLAN V
• Parent/guardian contact **
• Suspension from school for ten days ***
• Recommendation for expulsion

No wonder TM's parent's sealed his school records, pretty serious charges.

I get so tired of being right 100% of the time.

Judged:

13

13

13

Reply »
Report Abuse Judge it!
John Galt

Temecula, CA

#917971 Jun 3, 2013
frontporchreactionary wrote:
<quoted text>You prefer the screaming and gnashing of teeth of Americans dying and bankrupt rather than 'further legislation'?
People die every day in America, but not from lack of medical care.

Unless they don't want medical care.

Judged:

14

14

14

Reply »
Report Abuse Judge it!

“Come Home America!”

Since: Nov 11

Claymont, Delaware 19809

#917972 Jun 3, 2013
Leggy Mountbatten wrote:
<quoted text>
The fleabaggers on the left haven't forgotten, they just don't care, "justice" must be done, we must spend $500 billion a year on the indolent and lazy.
We'll need that 'proliferate spending' on helping those people getting very sick from the Exxon Mayflower, Arkansas oil tarsands spill.'Mayflower Oil Spill: Exxon Doesn't Want You to Know People Are Getting Very, Very Sick ' "The oil spill in Mayflower, Arkansas has left residents outside the evacuation zone complaining of illness. Exxon says the air is safe, but new documentation shows they lied and attempted to cover up the extent of the oil spill. We should trust residents who are suffering from spill-induced illness, not Exxon." http://link.brightcove.com/services/player/bc...

Judged:

13

13

11

Reply »
Report Abuse Judge it!

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

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.

NCAA Basketball Discussions

Title Updated Last By Comments
News UCLA FOOTBALL NOTEBOOK: Neuheisel says Prince w... (Sep '10) 44 min YeahPhart 32,814
News Thousands Protest Roe V. Wade Decision (Jan '08) 6 hr silly rabbit 313,638
News Western Michigan heads to Illinois as a favorite (Sep '16) Mar 16 MakePhartce 105
News North Carolina Governor Who Signed Bathroom Bil... Mar 15 Bath phart 2
News Atheism requires as much faith as religion? (Jul '09) Mar 14 superwilly 258,490
What role do you think humans play in global wa... (Sep '14) Mar 14 Into The Night 11,123
NCAA Basketball Tournament Feb 27 needhelp01 1
More from around the web