Explain this screw up Dem's!!!

acoustic guy
acoustic guy Posts: 3,770
edited September 2008 in A Moving Train
The Democrats push to give mortgages to minorities who can not afford them. They allowed them to use welfare payments as income. HA! And the minute the bubble bursts they will be in big trouble...and what happened?
Go ahead and try to blame this one on the existing office.
http://news.yahoo.com/s/ucac/20080924/cm_ucac/theygaveyourmortgagetoalessqualifiedminority;_ylt=ArImCphVJaO_OXf9bZD_hx4DW7oF
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Post edited by Unknown User on
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Comments

  • polaris
    polaris Posts: 3,527
    dude ... ann coulter!?? ... really?
  • polaris wrote:
    dude ... ann coulter!?? ... really?
    Oh I agree she is a pig, but facts are facts.
    Get em a Body Bag Yeeeeeaaaaa!
    Sweep the Leg Johnny.
  • polaris
    polaris Posts: 3,527
    Oh I agree she is a pig, but facts are facts.

    sooo ... this whole financial disaster is based on an affirmative action policy put forth by a democratic legislature!??????

    you don't seriously believe that do you?
  • Pats54
    Pats54 Posts: 276
    The Democrats push to give mortgages to minorities who can not afford them. They allowed them to use welfare payments as income. HA! And the minute the bubble bursts they will be in big trouble...and what happened?
    Go ahead and try to blame this one on the existing office.
    http://news.yahoo.com/s/ucac/20080924/cm_ucac/theygaveyourmortgagetoalessqualifiedminority;_ylt=ArImCphVJaO_OXf9bZD_hx4DW7oF

    Couldn't agree more. Affirmitive action lending practices. The Dems wanted no regulation for Freddie and Fannie. However, subprime is not responsible for all of this mess. Look at the top who Freddie and Fannie gave money to Dodd & Obama. I am hearing crickets on this one as far as the Dem's are concerned. However, when oil prices run up all you hear is the W is from Texas and he is taking care of his rich friends. The whole Enron mess was blamed on Republicans. Yet no is blaming the Dems for this mess. Hey I don't like having to pay a monthly mortgage maybe I should say fuck it and someone can bail me out.
  • ann coulter is a CUNT
    Tour with fucking NOFX
  • chromiam
    chromiam Posts: 4,114
    ann coulter is a CUNT

    doesn't change the facts...
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  • ann coulter is a CUNT
    Agree, but that does not change the facts.
    Get em a Body Bag Yeeeeeaaaaa!
    Sweep the Leg Johnny.
  • mammasan
    mammasan Posts: 5,656
    The Democrats push to give mortgages to minorities who can not afford them. They allowed them to use welfare payments as income. HA! And the minute the bubble bursts they will be in big trouble...and what happened?
    Go ahead and try to blame this one on the existing office.
    http://news.yahoo.com/s/ucac/20080924/cm_ucac/theygaveyourmortgagetoalessqualifiedminority;_ylt=ArImCphVJaO_OXf9bZD_hx4DW7oF


    I'm not going to defend the Democrats for their role in this problem but it is ignorant of Coulter and you to simply point fingers at the Democrats when republicans have just as much responsibility in this mess. This is not a Dem v. Rep issue it is a government and corporate failure issue and for narrow-minded hyper-partisans to be insinuating other wise shows their lack of understanding of the whole situation. A good first step would be to completely ignore partisan talking heads, from both sides of the isle, on this issue and educate yourself on the reasons it happened. While sub-prime mortgages are one of he reasons for this they are only a small percentage of the problem. If I where you I would do some research on it before you make another comment or post a link to someone who is completely clueless as to the origins of this problem. I'm just trying to help so you don't come off completely ignorant on the matter.
    "When one gets in bed with government, one must expect the diseases it spreads." - Ron Paul
  • mammasan
    mammasan Posts: 5,656
    Pats54 wrote:
    Couldn't agree more. Affirmitive action lending practices. The Dems wanted no regulation for Freddie and Fannie. However, subprime is not responsible for all of this mess. Look at the top who Freddie and Fannie gave money to Dodd & Obama. I am hearing crickets on this one as far as the Dem's are concerned. However, when oil prices run up all you hear is the W is from Texas and he is taking care of his rich friends. The whole Enron mess was blamed on Republicans. Yet no is blaming the Dems for this mess. Hey I don't like having to pay a monthly mortgage maybe I should say fuck it and someone can bail me out.

    How about Rick Davis, McCain's campaign manager. I love how you people present only half the truth. Both parties are neck deep in this shit so quite just blaming the Dems.
    "When one gets in bed with government, one must expect the diseases it spreads." - Ron Paul
  • polaris
    polaris Posts: 3,527
    mammasan wrote:
    I'm not going to defend the Democrats for their role in this problem but it is ignorant of Coulter and you to simply point fingers at the Democrats when republicans have just as much responsibility in this mess. This is not a Dem v. Rep issue it is a government and corporate failure issue and for narrow-minded hyper-partisans to be insinuating other wise shows their lack of understanding of the whole situation. A good first step would be to completely ignore partisan talking heads, from both sides of the isle, on this issue and educate yourself on the reasons it happened. While sub-prime mortgages are one of he reasons for this they are only a small percentage of the problem. If I where you I would do some research on it before you make another comment or post a link to someone who is completely clueless as to the origins of this problem. I'm just trying to help so you don't come off completely ignorant on the matter.

    it's the result of letting corporations run amok without regulation ... and absolutely, this is a democrat/republican clusterfuck ...
  • mammasan
    mammasan Posts: 5,656
    polaris wrote:
    it's the result of letting corporations run amok without regulation ... and absolutely, this is a democrat/republican clusterfuck ...

    I couldn't agree more that's why I was not going to defend the Democrats. They are just as responsible as the Republicans, as the banks, as the investment firms, as the greedy CEOs & CFOs, as the people who took at loans they had no business taking out and the Federal Reserve. All of these entities share responsibility for the fuck up so it kind of burns me when I see/hear someone pointing fingers at one entity, in this case the Dems.
    "When one gets in bed with government, one must expect the diseases it spreads." - Ron Paul
  • Gonzo1977
    Gonzo1977 Posts: 1,696
    The Democrats push to give mortgages to minorities who can not afford them. They allowed them to use welfare payments as income. HA! And the minute the bubble bursts they will be in big trouble...and what happened?
    Go ahead and try to blame this one on the existing office.
    http://news.yahoo.com/s/ucac/20080924/cm_ucac/theygaveyourmortgagetoalessqualifiedminority;_ylt=ArImCphVJaO_OXf9bZD_hx4DW7oF

    Don't pin this on the Democrates and you really shouldn't be getting your information from Anne Coulter as she is a fucking knob

    How quickly we forget our history....So here's a little history lesson for you and that fucking waterhead Anne Coulter:

    It was Bush in 2002 who stood up there with Fanny and Freddie and bragged how they were going to make "The American Dream Possible for Americans" who couldn't afford their first homes as Fannie and Freddie began to loosen their morgage restrictions . He announced in 2002 an initiative to add 5.5 million new minority homeowners by 2010. And, according to Bush's 2004 budget proposal, the two government-sponsored enterprises Fannie Mae and Freddie Mac would be tapped to help deliver that goal. In 2002, for example, Freddie Mac financed $54 billion in mortgages funding homes for more than 400,000 minority and under privilaged families, and Fannie Mae financed more than $87 billion in loans to nearly 680,000 minority and under priviledged families. All of which is listed in the tactical perspectives section of the administration's 2004 budget proposal.

    Jump forward to Present

    Fannie Mae and Freddie Mac posted record losses of $11.8 billion from 2004-2007 as defaults on mortgages soared to the highest in 30 years.

    Instead of fixing this problem President George W. Bush increased Fannie and Freddies lending power as part of his Stimulus Plan in 2008 lending 7.8 Billion dollars to temporarily allow Fannie Mae and Freddie Mac to buy jumbo loans in 91 of the most expensive U.S. housing markets. This Combined with an agreement to reduce the companies' capital requirements and further loosening the restrictions placed on the company during the Clinton Administration.


    I don't know how these Republican fuckers can continually point their dirty fingers at the Democrates when it was the Bush administration and Republicans like John McCain that have been all for De-Regulation from the very begining.

    They are so full of shit that their eyes are brown.
  • Pats54 wrote:
    Couldn't agree more. Affirmitive action lending practices. The Dems wanted no regulation for Freddie and Fannie. However, subprime is not responsible for all of this mess. Look at the top who Freddie and Fannie gave money to Dodd & Obama. I am hearing crickets on this one as far as the Dem's are concerned. However, when oil prices run up all you hear is the W is from Texas and he is taking care of his rich friends. The whole Enron mess was blamed on Republicans. Yet no is blaming the Dems for this mess. Hey I don't like having to pay a monthly mortgage maybe I should say fuck it and someone can bail me out.

    Yes, the
    That Hannity talking point about Obama being the #3 recipient of Freddie and Fannie donations is such a crock of shit... According to everything that I've read, those campaign donations totaled a whopping $120,000 out of the tens of millions of campaign donations.

    Like pointed out before, both sides have their fingers in the pot....

    from http://www.motherjones.com/mojoblog/archives/2008/09/9663_mccain_fannie_freddie.html
    Aquiles Suarez, listed as an economic adviser to the McCain campaign in a July 2007 McCain press release, was formerly the director of government and industry relations for Fannie Mae. The Senate Lobbying Database says Suarez oversaw the lending giant's $47,510,000 lobbying campaign from 2003 to 2006.

    And other current McCain campaign staffers were the lobbyists receiving shares of that money. According to the Senate Lobbying Database, the lobbying firm of Charlie Black, one of McCain's top aides, made at least $820,000 working for Freddie Mac from 1999 to 2004. The McCain campaign's vice-chair Wayne Berman and its congressional liaison John Green made $1.14 million working on behalf of Fannie Mae for lobbying firm Ogilvy Government Relations. Green made an additional $180,000 from Freddie Mac. Arther B. Culvahouse Jr., the VP vetter who helped John McCain select Sarah Palin, earned $80,000 from Fannie Mae in 2003 and 2004, while working for lobbying and law firm O'Melveny & Myers LLP. In addition, Politico reports that at least 20 McCain fundraisers have lobbied for Fannie Mae and Freddie Mac, pocketing at least $12.3 million over the last nine years.

    For years McCain campaign manager Rick Davis was head of the Homeownership Alliance, a lobbying association that included Fannie Mae, Freddie Mac, real estate agents, homebuilders, and non-profits. According to Politico, the organization opposed congressional attempts at regulation of Fannie and Freddie, along the lines of what John McCain is currently proposing. In his capacity of president of the group, Davis went on record in 2003 and insisted that no further reform of the lenders was necessary, in contradiction to his current boss's sentiments. "[Fannie and Freddie] are subject to an innovative and stringent risk-based capital stress test," Davis wrote. "The toughest in the financial services industry."
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  • covered in bliss
    covered in bliss chi-caw-go Posts: 1,332
    Gonzo1977 wrote:
    Don't pin this on the Democrates and you really shouldn't be getting your information from Anne Coulter as she is a fucking knob

    How quickly we forget our history....So here's a little history lesson for you and that fucking waterhead Anne Coulter:

    It was Bush in 2002 who stood up there with Fanny and Freddie and bragged how they were going to make "The American Dream Possible for Americans" who couldn't afford their first homes as Fannie and Freddie began to loosen their morgage restrictions . He announced in 2002 an initiative to add 5.5 million new minority homeowners by 2010. And, according to Bush's 2004 budget proposal, the two government-sponsored enterprises Fannie Mae and Freddie Mac would be tapped to help deliver that goal. In 2002, for example, Freddie Mac financed $54 billion in mortgages funding homes for more than 400,000 minority and under privilaged families, and Fannie Mae financed more than $87 billion in loans to nearly 680,000 minority and under priviledged families. All of which is listed in the tactical perspectives section of the administration's 2004 budget proposal.

    Jump forward to Present

    Fannie Mae and Freddie Mac posted record losses of $11.8 billion from 2004-2007 as defaults on mortgages soared to the highest in 30 years.

    Instead of fixing this problem President George W. Bush increased Fannie and Freddies lending power as part of his Stimulus Plan in 2008 lending 7.8 Billion dollars to temporarily allow Fannie Mae and Freddie Mac to buy jumbo loans in 91 of the most expensive U.S. housing markets. This Combined with an agreement to reduce the companies' capital requirements and further loosening the restrictions placed on the company during the Clinton Administration.


    I don't know how these Republican fuckers can continually point their dirty fingers at the Democrates when it was the Bush administration and Republicans like John McCain that have been all for De-Regulation from the very begining.

    They are so full of shit that their eyes are brown.

    Fannie and Freddie have always had slightly 'relaxed' standards... they really started to loosen up in the late 90's, BEFORE Bush.

    To put all of the blame one side or the other is rediculous.
  • mammasan
    mammasan Posts: 5,656
    Fannie and Freddie have always had slightly 'relaxed' standards... they really started to loosen up in the late 90's, BEFORE Bush.

    To put all of the blame one side or the other is rediculous.

    True I believe it was in 1998, under Clinton but also under a Republican controlled Congress, that they started cutting back on regulations.
    "When one gets in bed with government, one must expect the diseases it spreads." - Ron Paul
  • meme
    meme Posts: 4,695
    Yes, the
    That Hannity talking point about Obama being the #3 recipient of Freddie and Fannie donations is such a crock of shit... According to everything that I've read, those campaign donations totaled a whopping $120,000 out of the tens of millions of campaign donations.

    Alright, here is the site:

    http://www.opensecrets.org/news/2008/09/update-fannie-mae-and-freddie.html

    Donations from individuals? Does it mean from individuals who happened to work for the company? Over 19 years? Should we then sample any big company, track to whom its employees give money and say that's money coming from the company?

    I am ready to be proven wrong if I misunderstand anything, but if I am right there is serious cause to worry. Things go unchecked and everyone is content to spit out racist dumb garbage.
    ... and the will to show I will always be better than before.
  • chipboy
    chipboy Posts: 137
    This is the "ownership society" Bush was talking about. We all own trillions of bad debt.
  • covered in bliss
    covered in bliss chi-caw-go Posts: 1,332
    Is this still true? The article is from 2003.

    http://hnn.us/articles/1849.html
    Fannie Mae and Freddie Mac are the only two Fortune 500 companies that are not required to inform the public about any financial difficulties that they may be having.
  • THC
    THC Posts: 525
    polaris wrote:
    dude ... ann coulter!?? ... really?

    my thoughts exactly....

    why dont you post a fox news article that says obama is really osama bin laden??? cause their names are similar.

    sounds a bit racist this article to be honest....
    “Kept in a small bowl, the goldfish will remain small. With more space, the fish can grow double, triple, or quadruple its size.”
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  • Anon
    Anon Posts: 11,175
    Ann Coulter.... hahahahaha omg. seriously

    really, i shouldn't be so surprised though, i mean today we've had...

    PETA wanting us to give cows milk the flick and have boobie milk in ice cream instead :rolleyes:

    then there's ''i've seen dinosaur fossils with human footprints in them'' Palin with her little chat about Russia(people actually think this woman is a good choice for VP? :confused:
    http://www.huffingtonpost.com/2008/09/25/palin-talks-russia-with-k_n_129318.html

    an unbelievable encounter with some psycho....

    ann coulter though... like....wow. you can say all you like that it doesn't change the facts, but who in their right mind would even give this evil ugly bitch the time of the day.