![]() |
|
|
|
|
#1
|
||||
|
||||
If true, i did not know this.
|
#2
|
||||
|
||||
Anyone
|
#3
|
||||
|
||||
It's been aalluded to several times over the past few months but nobody gives a shyte because it violates the paradigm -- everything is Bush's fault.
My favorite quote: ''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.'' |
#4
|
|||
|
|||
Quote:
- Peter.
__________________
2021 Chevrolet Spark Formerly... 2000 GMC Sonoma 1981 240D 4spd stick. 347000 miles. Deceased Feb 14 2021 ![]() 2002 Kia Rio. Worst crap on four wheels 1981 240D 4spd stick. 389000 miles. 1984 123 200 1979 116 280S 1972 Cadillac Sedan DeVille 1971 108 280S |
#5
|
||||
|
||||
the date for the article is 9-11-03
__________________
"It's normal for these things to empty your wallet and break your heart in the process." 2012 SLK 350 1987 420 SEL |
#6
|
||||
|
||||
Gotta love this...
" ''The regulator has not only been outmanned, it has been outlobbied,'' said Representative Richard H. Baker, the Louisiana Republican who has proposed legislation similar to the administration proposal and who leads a subcommittee that oversees the companies. ''Being underfunded does not explain how a glowing report of Freddie's operations was released only hours before the managerial upheaval that followed. This is not world-class regulatory work.'' Significant details must still be worked out before Congress can approve a bill. Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing. ''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.'' Representative Melvin L. Watt, Democrat of North Carolina, agreed. ''I don't see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing,'' Mr. Watt said." My how the worm turns...
__________________
"I have no convictions ... I blow with the wind, and the prevailing wind happens to be from Vichy" Current Monika '74 450 SL BrownHilda '79 280SL FoxyCleopatra '99 Chevy Suburban Scarlett 2014 Jeep Cherokee Krystal 2004 Volvo S60 Gone '74 Jeep CJ5 '97 Jeep ZJ Laredo Rudolf ‘86 300SDL Bruno '81 300SD Fritzi '84 BMW '92 Subaru '96 Impala SS '71 Buick GS conv '67 GTO conv '63 Corvair conv '57 Nomad ![]() |
#7
|
||||
|
||||
Quote:
What I don't buy is that the entire mess can be laid at Fannie and Freddie's door(s). Bush was pushing getting people into homes they couldn't really afford way back when. He can be heard on audio talking about how 'all, ya'all first time home owners don't need no crappy starter home . . . NOOooo, we'll make it possible for you to buy a really nice home.' (approximate quote) My take is that so much money was being poured into the RE market after the dot com bust that many people were looking for ways to get folks signing on some dotted line, somehow. Ahh, here it is: (audio only) http://www.youtube.com/watch?v=eW9viaJatpo
__________________
Te futueo et caballum tuum 1986 300SDL, 362K 1984 300D, 138K |
#8
|
||||
|
||||
Corporate greed and political ambition entwine to produce unusual fruit.
|
#9
|
||||
|
||||
Quote:
|
#10
|
||||
|
||||
Quote:
|
![]() |
Bookmarks |
|
|