WhatUwish4 Forum Posts (7,986)

RE: Support America! Obama deserves recognition! Solidarity America!

Dude, I'm so hurt. You responded to everyone's comments but mine.

( )

RE: NOW...........

^^^^^^^^^^^^^
Is on drugs...don't hold him accountable for anything he says tonight.

RE: NOW...........

you're everywhere!

RE: Post a song to someone

To him, wherever he is.

RE: Post a song to someone

I bet that was a fun lesson!

RE: Post a song to someone

To Nanners (from your other thread)

RE: Post a song to someone

RE: So does a guy have to be buff?

RE: Support America! Obama deserves recognition! Solidarity America!

By far, one of the most excellent perspectives ever posted on these threads.

RE: Support America! Obama deserves recognition! Solidarity America!

I think it's pretty much widely accepted that the whole mortgage problem began with Carter and his "Community Reinvestment Act" which was established under the idealistic belief that everyone should have their own home regardless of their ability to pay for it. The government basically strong-armed the banks by telling them they would not get their license to operate unless they met a quota of these loans. By the way, every banker but one who testified before congress told them it would be a financial nightmare. Later, Clinton perpetuated the problem by strengthening the language.

But otherwise I do agree with you and they all got their hands dirty over the years. Still, credit should be given to those who tried to blow the whistle and those who denied the problem and made it MUCH worse.

RE: WAR..ARE THEIR ANY HEROES

I'm crushed.

RE: Support America! Obama deserves recognition! Solidarity America!

"If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole."
McCain 2005

Could he have been any clearer?

RE: WAR..ARE THEIR ANY HEROES

No No Nooooooooo! PLEASE don't put those two together!

RE: WAR..ARE THEIR ANY HEROES

No problem Aspen. Just remember...

The Hubris goeth before the fall.

RE: WAR..ARE THEIR ANY HEROES

Hubris

1)PRIDE: excessive pride or arrogance

2) EXCESSIVE AMBITION: the excessive pride and ambition that usually leads to the downfall of a hero in classical tragedy

(for our less educated friends)

RE: Support America! Obama deserves recognition! Solidarity America!

They KNEW they had a problem.

"'Mr. President, this week Fannie Mae's regulator reported that the company's quarterly reports of profit growth over the past few years were "illusions deliberately and systematically created" by the company's senior management, which resulted in a $10.6 billion accounting scandal. … I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190"

John McCain 2005

RE: WAR..ARE THEIR ANY HEROES

Indeed!

RE: Support America! Obama deserves recognition! Solidarity America!

"In Just Four Years, Barack Obama Has Received More Money From Fannie Mae And Freddie Mac Than Any Other Member Of Congress In The Past Two Decades (Since 1989) Except Senate Banking Committee Chairman Sen. Chris Dodd." (Lindsay Renick Mayer, "Fannie Mae And Freddie Mac Invest In Lawmakers," Center For Responsive Politics' "Capital Eye" Blog,

Have a nice day boys!

RE: Support America! Obama deserves recognition! Solidarity America!

John McCain Fought For Greater Oversight Of Fannie Mae And Freddie Mac

John McCain Cosponsored The Federal Housing Enterprise Regulatory Reform Act Of 2005. "'Mr. President, this week Fannie Mae's regulator reported that the company's quarterly reports of profit growth over the past few years were "illusions deliberately and systematically created" by the company's senior management, which resulted in a $10.6 billion accounting scandal. … I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation." (Office Of U.S. Senator John McCain, "McCain Statement On Co-Sponsorship Of The Federal Housing Enterprise Regulatory Reform Act Of 2005," Press Release, 5/26/06)

· At The Time, John McCain Warned That "If Congress Does Not Act, American Taxpayers Will Continue To Be Exposed To The Enormous Risk That Fannie Mae And Freddie Mac Pose To The Housing Market…" "I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole." (Office Of U.S. Senator John McCain, "McCain Statement On Co-Sponsorship Of The Federal Housing Enterprise Regulatory Reform Act Of 2005," Press Release, 5/26/06)

John McCain Co-Sponsored The Federal Enterprise Regulatory Reform Act of 2003 Which Would Have Created The Office of Federal Enterprise Supervision In The Treasury, And Given The New Office's Director Supervisory And Regulatory Authority Over Fannie Mae And Freddie Mac. (S. 1508, Introduced 7/31/03)

RE: Support America! Obama deserves recognition! Solidarity America!

Oh Juan...When will you ever learn???


NY TIMES SEPT 2003: BUSH PROPOSED TIGHTENING OVERSIGHT OF FANNIE MAE AND FREDDIE MAC - THE DEMOCRATS OF CONGRESS BLOCKED IT
By STEPHEN LABATON

The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.

Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.

The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.

The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac — which together have issued more than $1.5 trillion in outstanding debt — is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.


… 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.

RE: Please Keep This Young Man In Your Thoughts

I'm sorry Morgan. It is the worst kind of sadness. You're all in my heart and my thoughts.

RE: COMMUNISME OR KAPITALISME ?

Hey Stress... I do see the picture and have been whining about it for far too long. Our government has got to ENHANCE the environment for industry here in the states rather than regulating them into a position where they must go overseas to compete. I can't say it loud enough or strong enough.

And I agree about having more parties - either that or NO parites. Just let the peeps vote. It's tough to get new parties started. The libertarians have been trying for years and I think tea partiers are a bit of a hybrid of them and the conservatives. They are emerging, and I think they have a chance given the times, but who knows in this fickle world?

RE: COMMUNISME OR KAPITALISME ?

Is that kind of like "I voted for the war before I voted against it?"

RE: Support America! Obama deserves recognition! Solidarity America!

RE: Support America! Obama deserves recognition! Solidarity America!

During less than two years on job... president Obama have proofed that he means to strangle business and he is not allowing remainings of the old regim which have NO direct responsibility regarding the current economical shape of America, making the mess even worse by forcing the exact same kinds of agenda which created this mess!

RE: COMMUNISME OR KAPITALISME ?

I know. Poor guy is probably stroking out now.

RE: COMMUNISME OR KAPITALISME ?

We'll I'll be! Welcome to the Republican Party!


Seriously, one of the things the conservatives are calling for is that their representatives - be they republicans or "tea party" independents - is that they do what Obama promised, but failed to deliver...and physically sign a pact for NO MORE EARMARKS. They are already for smaller government and pro business (manufacturing). The rest you are in disagreement with, but it sounds to me like you're more conservative than anything else.

RE: COMMUNISME OR KAPITALISME ?

So what is your idea of the perfect solution?

RE: COMMUNISME OR KAPITALISME ?

So you don't like our government either? All the more reason not to entrust them with any more power than necessary, doncha think?

RE: Do You Handle COMPLIMENTS well?

I knew there was a reason I loved you!


What's the countdown now?