Topic: Who warned us about Freddie Mac and Fanny Mae?

[Blade]

I'll give you a hint...

It wasn't Obama

[biggreenarms]

Some of us have seen this thing coming for years. But if you tune to NBC, CBS, ABC, CNN, MSNBC etc you never heard a word about it until it was too late. Now those networks are trying to blame the Bush administration for it. Here's a nice piece following the timeline of the FMFM debacle showing who's hands are tied to it and who's are not. All of the info can be found with a little research.

http://www.youtube.com/watch?v=1RZVw3no2A4&feature=iv&annotation_id=event_597487

[herdfan429]

Some of us have seen this thing coming for years. But if you tune to NBC, CBS, ABC, CNN, MSNBC etc you never heard a word about it until it was too late. Now those networks are trying to blame the Bush administration for it. Here's a nice piece following the timeline of the FMFM debacle showing who's hands are tied to it and who's are not. All of the info can be found with a little research.

http://www.youtube.com/watch?v=1RZVw3no2A4&feature=iv&annotation_id=event_597487

Im all for placing blame but what needs to happen now is rectifying the situation.  Finger pointing needs to be put on the back burner.

[Blade]

Im all for placing blame but what needs to happen now is rectifying the situation.  Finger pointing needs to be put on the back burner.

What needs to happen is nothing.  I'm tired of folks taking risks on their money and me paying for it.  Let it correct thru the system.  Make those that made the bad investment pay for it. jmo.

[herdfan429]

What needs to happen is nothing.  I'm tired of folks taking risks on their money and me paying for it.  Let it correct thru the system.  Make those that made the bad investment pay for it. jmo.

Dont get me wrong Im all for people that dumb getting whats coming to them but this is way beyond that point right now.  I dont want to be paying for them and I dont want other people paying for me because they make more than I do but things are so f*cked up right now that someting has to be done.

[biggreenarms]

...I dont want other people paying for me because they make more than I do...

We'll ALL be paying no matter what end of the scale you're on. The bailout was a bad resolution and filled with pork to boot.

[2xBison]

nice video of those @#*^! democrats flushing our financial system down the toilet.

some action a few years back would have made a big difference

[DJdaHERDfan]

I know, 2x, if your terrorist loving president bush would have just stopped pouring 80 billion dollar payments into Iraq and used one of those payments to fix these American programs then we wouldn't be in this situation.

But, since Bush was too busy worrying about his and his father's money dealings with BIN LADEN'S uncles in Saudi Arabia, things never got taken care of here at home in the states.

very very good point fellows.

Remember, you voted for Bush, so you must love Bin Laden's family too.

[Huffnagel]

To blame to current economic situation on Bush is incorrect. I agree that he has not been the best president, but he is not responsible for the failures of Wall Street.

[biggreenarms]

To blame to current economic situation on Bush is incorrect. I agree that he has not been the best president, but he is not responsible for the failures of Wall Street.

President Bush should have reigned in spending over the years. However, FMFM should not be tied to him or McCain. Both warned about what lied ahead, years ago, and, tried to curtail it. Barnie Frank, Chris Dodd and their ilk lobbied there was nothing wrong while their wallet's kept getting fatter from FMFM kickbacks. They received pressure from ACORN to keep extending loans for "affordable housing" to folks that had subpar credit and now a lot of those folks can't pay the bill. It's that simple. Bush tried to fix the problem but the dem controlled house wouldn't hear it. You can dislike Bush all you want but this one falls straight on the backs of the democrats.

 

[2xBison]

whatever dj.  i suppose it's good to see you're passionate about getting your guy elected.  our country needs that.

but, make no mistake, i know what happened with freddie and fannie and know what it did to our economy and what politicians drove it.  i don't know that from nbc or cnn, i know it from where i work.

[DJdaHERDfan]

then you also know what our current president has done to our economy.
And to think you voted for him, not once, but twice. And all you people who did that defended that no good prick to no end but now are saying something totally different and some even saying they were wrong about Bush.

So maybe you all are wrong again.

Think about it.

brainwashing is very well much alive and it is being done to perfection by the republican party as it was by the bush administration.

[Huffnagel]

then you also know what our current president has done to our economy.

What did Bush do to harm our current economy? I am sure that you know that banking deregulation was started under the Clinton administration with the Gramm-Leach-Bliley Act of 1999.

LINK

This is from the U.S. Senate's website. Good site, a lot of information on there.

[herdfan429]

And the common democrat response of tax breaks for the rich in 3...2...1.....

[Blade]

DJ - Are you financially better off or worse off now than 8 years ago?

[goherd17]

[quote author=DJdaHERDfan link=topic=27559.msg210195#msg210195
the war in Iraq has nothing to with Fannie and freddie you are clueless the damn liberal democrats were told and your boy barnie rubble said no problem lets get low income families in houses they cant afford thats all that matters. 



date=1224021772]
I know, 2x, if your terrorist loving president bush would have just stopped pouring 80 billion dollar payments into Iraq and used one of those payments to fix these American programs then we wouldn't be in this situation.

But, since Bush was too busy worrying about his and his father's money dealings with BIN LADEN'S uncles in Saudi Arabia, things never got taken care of here at home in the states.

very very good point fellows.

Remember, you voted for Bush, so you must love Bin Laden's family too.
[/quote]

[DJdaHERDfan]

clueless?

lol

No my firend, I am on point.

Did you vote for Bush twice as well?

Then that makes you a fool.

And fools who have made that mistake don't even have an argument for the next election.

President Obama will get the ship righted for America.
I can't wait for election day.
I can't wait for his first day in office.

Finally, we will be rid of the waste that is the Bush Administration. You know, the one you voted for TWICE.

And you have the nerve to call someone clueless.
What a simpleton you are.

[Huffnagel]

DJ - Are you financially better off or worse off now than 8 years ago?

DJ, did you miss this post?

[DJdaHERDfan]

I am about the same.

What about you?
Huff?
Blade?

Trying to protect your millions in voting for McCain?
Got alot of stock in oil companies?

just curious........... ;)

[Huffnagel]

I am about the same.

What about you?
Huff?

Trying to protect your millions in voting for McCain?
Got alot of stock in oil companies?

just curious........... ;)

I am much better! In the last eight years, I graduated from college, married a wonderful woman that also is a college graduate with a great job, and had two wonderful boys.

Stock in Oil companies, probably, but not for sure. Through my mutual funds I  indirectly own stock in hundreds if not thousand of companies.

I do not have millions as you would think, I hope to one day though, is that bad? Is it bad that I want to better myself and my family's  current situation? Is it bad that I do not want to share my money that I worked very hard for, and continue to work hard for with someone that feels as though they may deserve it or are entitled to it but does nothing to actually deserve it. Why punish me for bettering myself? Is that the American way, is that how the American Dream is achieved?

DJ, were you not a small business owner at one time? And you can honestly say that you are only about the same financially you were eight years ago? I thought  you recently got a new job at a steel plant where you are making a very nice living? Am I wrong here?

[Blade]

I am about the same.

Well, we both know that isn't true.  Either that or you've been lying to me the past several years.

As for me?  Much worse.  Which is why I can't afford to slide any more.  As a small business man that had to compete with large companies, taxes killed my business.  I am now working 60, getting paid for 40, and I'm nowhere near the $250K.  However, I am smart enough to know what will and will not increase my buying power.  What good is a tax break if after all is said and done, it costs me more to live?

[DJdaHERDfan]

Not lying at all.

I make more money but everything that is a cost to me has gone up.

So say what you wish about me.


I thought I would be financially stable, but 2 years later, past money problems have been replaced with newer money problems.
I never got ahead.

Food is way up.
Beer is way up.
Gas is way up.

Now add to that the financial crisis that may end my job.

Doesn't look so great to me.

McCain will hurt me.
Obama will help me.

[goherd17]

Not lying at all.

I make more money but everything that is a cost to me has gone up.

So say what you wish about me.


I thought I would be financially stable, but 2 years later, past money problems have been replaced with newer money problems.
I never got ahead.

gas is way up so lets drill here and quit sending the damn terrorist our money

Food is way up.
Beer is way up.
Gas is way up.

Now add to that the financial crisis that may end my job.

Doesn't look so great to me.

McCain will hurt me.
Obama will help me.

[2xBison]

well dj, if you think you won't be paying taxes in the future and will be looking for a govt check, then you are right obama will help you.

[carolinaherdfan]

What is taking place in this thread is exactly what our government planned for we little people to be doing. Arguing with one another over the same dollar. The challenge is: Since 1980 the two party system has never stood for anything but money? Now, Since 1980 the two party system became a wash with regards to big government, spending, taxes, etc.. They both are selfserving. The philosophies we studied when young no longer exist, but since1980 it has always been about the money. Our choice now is only how we want the money distributed. Thus, democrat vs republican, is who gets the money, not about how much money.