Pork: ObaMa0 helped make the subprime sausage:
 

On Feb 5, 7:48*am, wrote:
It is all very well for President Obama to vent his anger on all those
US bankers who continued to claim billions of dollars in bonuses while
expecting Washington to bail them out after the sub-prime mortgage
scandal brought the banks to their knees. But conveniently overlooked
has been the curious part Mr Obama himself played in the sub-prime
debacle.

At the heart of it was a 1995 amendment to the Community Reinvestment
Act which legally required banks to lend money to buy homes to
millions of poor, mainly black Americans, guaranteed by the two
biggest mortgage associations, Fannie Mae and Freddie Mac. And no one
campaigned more actively for this change to the law than Mr Obama, as
a young but already influential Chicago politician.

It was this Act which, more than anything, helped to create the US
housing bubble, well beyond the point where it was obvious that
hundreds of thousands of homeowners would be likely to default. And in
2005 no one more actively opposed moves to halt Fannie Mae’s reckless
guarantees than Senator Obama, as he was by then. As the official
records show, no senator received more donations from Fannie Mae than
he did (although Hillary Clinton ran him close). Thus no US politician
arguably did more to promote the sub-prime disaster than the man now
expected to pick up the pieces, …

http://therealbarackobama.wordpress....news-views-the...

Um, dumb****, over half of the subprime mortgages lent were made by
insitutions NOT covered by the CRA. Plus, if the legislation occurred
in 1995, why wasn't this a problem much sooner, dumb****? ARM resets
wouldve been problematic way back then, too, dumb****.

Oh, and by the way, there was NO legal requirement to loan money. The
CRA was a provision that required lenders be in compliance with ONLY
if they wanted to expand operations or undertake a merger. Dumb****.

Do you conservatard losers do your homework on ANYTHING?

http://en.wikipedia.org/wiki/Community_Reinvestment_Act

Pork: ObaMa0 helped make the subprime sausage:
 

Brenda Ann wrote:

wrote in message
...

a bunch of crap

How about we blame it all on the ones who are REALLY to blame? Let's drop
all this idiotic political bullcrap coming from both sides, and call it the
way it really is...

The ONLY ones to blame for the mortgage crisis are those who stupidly went
far beyond their means to obtain a home loan, and couldn't pay it as agreed.
No politician, on either side, twisted anyone's arm or held a gun to
anyone's head in order to force them to take a mortgage 200-300% beyond
their financial means.

I'm so sick of everyone.. EVERYONE.. blaming someone else for their actions.
The only thing that's going to save our economy, or even our society for
that matter, in the long run, is for people to go back to taking personal
responsibility for their own actions instead of trying to blame any other
convenient scapegoat, whether it be a politician, banker, or whatever.

One has to blame the politicians because they are the ones who set the rock on
its way down the hill (no pun intended),

And people, being people, took things to the extreme.

In fact, people (mostly more politicians), have been back up to the hill to beg
for more rocks.

Sometime, down the rocky road, we'll discover that the porkulus didn't work.

And, it would seem as though we're already beginning to see a glimmer of the end
of this current 'recession', which was going to end whether one dime was spent
or not.

But, pork excites the masses, pork buys votes. But when pork is not cooked
properly and with care, trichinosis results.

Chew carefully.

Pork: ObaMa0 helped make the subprime sausage:
 

dxAce wrote:


And, it would seem as though we're already beginning to see a glimmer of the end
of this current 'recession', which was going to end whether one dime was spent
or not.

That's this week's talking point, anyway. However there are no data to
back up such an assertion. This is going to take years, and (hopefully)
we'll never get back to where we were.

Pork: ObaMa0 helped make the subprime sausage:
 

dave wrote:

dxAce wrote:


And, it would seem as though we're already beginning to see a glimmer of the end
of this current 'recession', which was going to end whether one dime was spent
or not.

That's this week's talking point, anyway.

Actually, I heard about it, say two weeks or so back.

However there are no data to
back up such an assertion.

I believe the data came from OMB.

This is going to take years, and (hopefully)
we'll never get back to where we were.

We'll be back!

Pork: ObaMa0 helped make the subprime sausage:
 

dxAce wrote:

dave wrote:

dxAce wrote:

And, it would seem as though we're already beginning to see a glimmer of the end
of this current 'recession', which was going to end whether one dime was spent
or not.
That's this week's talking point, anyway.

Actually, I heard about it, say two weeks or so back.

However there are no data to
back up such an assertion.

I believe the data came from OMB.

This is going to take years, and (hopefully)
we'll never get back to where we were.

We'll be back!


That's what frightens me. Ever heard of a dead cat bounce?

Pork: ObaMa0 helped make the subprime sausage:
 

dave wrote:

dxAce wrote:

dave wrote:

dxAce wrote:

And, it would seem as though we're already beginning to see a glimmer of the end
of this current 'recession', which was going to end whether one dime was spent
or not.
That's this week's talking point, anyway.

Actually, I heard about it, say two weeks or so back.

However there are no data to
back up such an assertion.

I believe the data came from OMB.

This is going to take years, and (hopefully)
we'll never get back to where we were.

We'll be back!


That's what frightens me. Ever heard of a dead cat bounce?

Yep, and I've heard of dumbass schizophrenics before, too!

Pork: ObaMa0 helped make the subprime sausage:
 

dxAce wrote:


That's what frightens me. Ever heard of a dead cat bounce?

Yep, and I've heard of dumbass schizophrenics before, too!


I'm sure you have.

Pork: ObaMa0 helped make the subprime sausage:
 

On Feb 8, 2:52�pm, dave wrote:
dxAce wrote:

That's what frightens me. �Ever heard of a dead cat bounce?

Yep, and I've heard of dumbass schizophrenics before, too!

I'm sure you have.

It's probably the resaon he's receiving that disability from Social
Security....

Pork: ObaMa0 helped make the subprime sausage:
 

Michael W. "I'm a college professor with a PhD" Bryant wrote:

On Feb 8, 2:52�pm, dave wrote:
dxAce wrote:

That's what frightens me. �Ever heard of a dead cat bounce?

Yep, and I've heard of dumbass schizophrenics before, too!

I'm sure you have.

It's probably the resaon he's receiving that disability from Social
Security....

Sorry, wrong again, oh lying one.

What's the reason you lied about having a PhD?

Pork: ObaMa0 helped make the subprime sausage:
 

In article ,
"Brenda Ann" wrote:


wrote in message
...


a bunch of crap

How about we blame it all on the ones who are REALLY to blame? Let's drop
all this idiotic political bullcrap coming from both sides, and call it the
way it really is...

SNIP

I blame RHF. He posts the most crap.

--
Telamon
Ventura, California

Pork: ObaMa0 helped make the subprime sausage:
 

In article ,
dxAce wrote:

Brenda Ann wrote:

wrote in message
...

a bunch of crap

How about we blame it all on the ones who are REALLY to blame?
Let's drop all this idiotic political bullcrap coming from both
sides, and call it the way it really is...

The ONLY ones to blame for the mortgage crisis are those who
stupidly went far beyond their means to obtain a home loan, and
couldn't pay it as agreed. No politician, on either side, twisted
anyone's arm or held a gun to anyone's head in order to force them
to take a mortgage 200-300% beyond their financial means.

I'm so sick of everyone.. EVERYONE.. blaming someone else for their
actions. The only thing that's going to save our economy, or even
our society for that matter, in the long run, is for people to go
back to taking personal responsibility for their own actions
instead of trying to blame any other convenient scapegoat, whether
it be a politician, banker, or whatever.

One has to blame the politicians because they are the ones who set
the rock on its way down the hill (no pun intended),

And people, being people, took things to the extreme.

In fact, people (mostly more politicians), have been back up to the
hill to beg for more rocks.

Sometime, down the rocky road, we'll discover that the porkulus
didn't work.

And, it would seem as though we're already beginning to see a glimmer
of the end of this current 'recession', which was going to end
whether one dime was spent or not.

But, pork excites the masses, pork buys votes. But when pork is not
cooked properly and with care, trichinosis results.

Chew carefully.

Hey, let's call it what it really is, pork is just a way to buy votes.
That is outright fraudulent behavior. It is not any more complicated
than that. Once you allow vote buying it is impossible to expect human
beings not to abuse that power. It is just too tempting for most to
resist.

There must be an iron clad rule that bills can not be written to include
spending of this nature and congress people must recluse themselves from
voting on a bill when prudent. If they are not doing this then they are
playing the pork bill vote buying power game. Congress people should be
impeached for vote buying. That will get rid of the scum that keeps
getting voted back into office.

--
Telamon
Ventura, California

Pork: ObaMa0 helped make the subprime sausage:
 

Telamon wrote:

There must be an iron clad rule that bills can not be written to include
spending of this nature and congress people must recluse themselves from
voting on a bill when prudent. If they are not doing this then they are
playing the pork bill vote buying power game. Congress people should be
impeached for vote buying. That will get rid of the scum that keeps
getting voted back into office.

I will agree to that provided you agree that we make defense contractors
not-for-profit enterprises.

Pork: ObaMa0 helped make the subprime sausage:
 

In article ,
dave wrote:

Telamon wrote:

There must be an iron clad rule that bills can not be written to include
spending of this nature and congress people must recluse themselves from
voting on a bill when prudent. If they are not doing this then they are
playing the pork bill vote buying power game. Congress people should be
impeached for vote buying. That will get rid of the scum that keeps
getting voted back into office.

I will agree to that provided you agree that we make defense contractors
not-for-profit enterprises.

Nope. National defense is one of the few things the Federal government
is supposed to spend money on. The Federal Government is charged with
providing for the common defense.

The Fed's are not supposed to be dolling money out to this or that state
through this or that agency, bureau, commission, or bill. The Fed can
spend money on border defense, the armed services, interstate commerce
and that's about it.

Congress people should be impeached for any vote deal making period.
Congress people should recluse themselves on any bill that enriches any
of their constituents.

--
Telamon
Ventura, California

Pork: ObaMa0 helped make the subprime sausage:
 

Telamon wrote:
In article ,
dave wrote:


I will agree to that provided you agree that we make defense contractors
not-for-profit enterprises.

Nope. National defense is one of the few things the Federal government
is supposed to spend money on. The Federal Government is charged with
providing for the common defense.


So is securing the blessings of liberty for all, not just the entrenched
wealthy elite.

We have failed on so many levels it seems silly to selective assign blame.

(OT) : The Duty {Role} of the US Federal Government : Provide For TheCommon Defense -per- The Constitution of the United States of America
 

On Feb 8, 2:02*pm, Telamon
wrote:
In article ,

*dave wrote:
Telamon wrote:

There must be an iron clad rule that bills can not be written to include
spending of this nature and congress people must recluse themselves from
voting on a bill when prudent. If they are not doing this then they are
playing the pork bill vote buying power game. Congress people should be
impeached for vote buying. That will get rid of the scum that keeps
getting voted back into office.

I will agree to that provided you agree that we make defense contractors
not-for-profit enterprises.

- Nope. National defense is one of the few things
- the Federal government is supposed to spend
- money on. The Federal Government is charged
- with providing for the common defense.

Dang Dave - Telamon is Right-On !

The Constitution of the United States of America
http://www.law.cornell.edu/constitut....preamble.html
* * * Preamble {Starting With} "We The People...."
We the people of the United States, in order to
form a more perfect union, establish justice, insure
domestic tranquility, provide for the common defense,
promote the general welfare, and secure the blessings
of liberty to ourselves and our posterity, do ordain and
establish this Constitution for the United States of America.

Pork: ObaMa0 helped make the subprime sausage:
 

On Feb 8, 12:48*pm, Telamon
wrote:
In article ,
*"Brenda Ann" wrote:



wrote in message
....

a bunch of crap

How about we blame it all on the ones who are REALLY to blame? *Let's drop
all this idiotic political bullcrap coming from both sides, and call it the
way it really is...

SNIP

- I blame RHF. He posts the most crap.
-
- --
- Telamon
- Ventura, California

More CRAP All The Time And Every Where

**** 3-hours a day is all i ask ~ RHF

Pork: ObaMa0 helped make the subprime sausage:
 

Telamon wrote:

I will agree to that provided you agree that we make defense contractors
not-for-profit enterprises.

Nope. National defense is one of the few things the Federal government
is supposed to spend money on. The Federal Government is charged with
providing for the common defense.

You are answering the wrong question. dave asked to eliminate the profit
motive from arms sales to government, not for Government to stop
spending on arms.

I don't know why dave would ask that.

We all know that NO defense contractor has EVER overpriced ANYTHING they
have sold to the US taxpayer. Even the lobbyists serve a valuable role.
Politicians in general are so underpaid that they NEED all the free
lunches they can get.

mike