Search Members Help

» Welcome Guest
[ Log In :: Register ]

Page 1 of 212>>

[ Track This Topic :: Email This Topic :: Print this topic ]

 reply to topic new topic new poll
Topic: Fannie and Freddie< Next Oldest | Next Newest >
 Post Number: 1
GORDON Search for posts by this member.
90%
Avatar



Group: Super Administrators
Posts: 36125
Joined: Jun. 2004
PostIcon Posted on: Jul. 16 2008,08:21  Skip to the next post in this topic. Ignore posts   QUOTE
So the federal government is going to step in yet again to bail out a poorly-managed industry, probably to the tune of at least ten billion (judging from how much the airlines wanted in 2002).

http://www.reuters.com/article....icsNews

Hey, instead of giving this money to the same corporations that made bad decisions in the first place, why don't we crunch the numbers and see if it is feasible to just pay off some mortgages that are going into foreclosure?  It isn't fair to EVERY home owner, of course, but it sure as hell isn't fair to the taxpayer to give money to a corporate entity that will still more than likely be paying huge bonuses to the executives in charge.  By paying off individual mortgages, instead...

well, hell with it.  Even if it were feasible it would never happen.

--------------
I don't give a fuck!
Offline
Top of Page Profile Contact Info 
 Post Number: 2
Mommy Dearest Search for posts by this member.
Ask me about my TMD's.




Group: Privateers
Posts: 1396
Joined: May 2004
PostIcon Posted on: Jul. 16 2008,08:44 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Wow we agree!!!!!!!!!!! Freddie and Fannie were implied to be backed by the federal govt in the first place.  However, if they could work to keep people in their homes there would not be a crunch.  The mortgage company comes up and says, ok you can not do the 14%, how about if we restructure and make it 6%.  Homeowners could keep their homes, the govment does not pay, and the mortgage companies are not stuck with a bunch of foreclosed houses that cost them more money than they are worth.

But again you are correct.  Makes too much sense.
Offline
Top of Page Profile Contact Info 
 Post Number: 3
Malcolm Search for posts by this member.
I disagree.
Avatar



Group: Privateers
Posts: 27168
Joined: May 2004
PostIcon Posted on: Jul. 16 2008,09:09 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
QUOTE
Connecticut Democratic Sen. Christopher Dodd, presiding over the hearing, said he would like to act on the plan this week. But he questioned how much power the plan would give to Treasury and how much risk taxpayers might have to shoulder.


How about zero risk, Chris?  But then again, it is fun to play w\ other people's cash.

--------------
Diogenes of Sinope:

"It is not that I am mad, it is only that my head is different from yours."

"Other dogs bite only their enemies, whereas I bite also my friends in order to save them."

Arnold Judas Rimmer, BSC, SSC:

"Better dead than smeg."
Offline
Top of Page Profile Contact Info 
 Post Number: 4
unkbill Search for posts by this member.
The Mope.
Avatar



Group: "Members"
Posts: 4058
Joined: May 2004
PostIcon Posted on: Jul. 16 2008,10:13 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

(GORDON @ Jul. 16 2008,06:21)
QUOTE
corporate entity that will still more than likely be paying huge bonuses to the executives in charge.

But I thought that is the way it works. Execs make porr decisions. Company goes belly up. Execs deploy golden parachute and walk away with millions while leaving the shareholders holding the bag.

--------------
In marriage there is always one person right. And the other one is the husband.
Offline
Top of Page Profile Contact Info 
 Post Number: 5
GORDON Search for posts by this member.
90%
Avatar



Group: Super Administrators
Posts: 36125
Joined: Jun. 2004
PostIcon Posted on: Jul. 19 2008,12:43 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Yes, they obviously need a government bail-out.

http://www.msnbc.msn.com/id/25740405/

--------------
I don't give a fuck!
Offline
Top of Page Profile Contact Info 
 Post Number: 6
Malcolm Search for posts by this member.
I disagree.
Avatar



Group: Privateers
Posts: 27168
Joined: May 2004
PostIcon Posted on: Jul. 19 2008,13:07 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
$20 mil?  Motherfucker.

--------------
Diogenes of Sinope:

"It is not that I am mad, it is only that my head is different from yours."

"Other dogs bite only their enemies, whereas I bite also my friends in order to save them."

Arnold Judas Rimmer, BSC, SSC:

"Better dead than smeg."
Offline
Top of Page Profile Contact Info 
 Post Number: 7
Mommy Dearest Search for posts by this member.
Ask me about my TMD's.




Group: Privateers
Posts: 1396
Joined: May 2004
PostIcon Posted on: Jul. 19 2008,18:37 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

(Malcolm @ Jul. 19 2008,14:07)
QUOTE
$20 mil?  Motherfucker.

No hon it is more like "Only 20 mil"mother fucker
Offline
Top of Page Profile Contact Info 
 Post Number: 8
Malcolm Search for posts by this member.
I disagree.
Avatar



Group: Privateers
Posts: 27168
Joined: May 2004
PostIcon Posted on: Jul. 20 2008,12:18 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

(Mommy Dearest @ Jul. 19 2008,18:37)
QUOTE

(Malcolm @ Jul. 19 2008,14:07)
QUOTE
$20 mil?  Motherfucker.

No hon it is more like "Only 20 mil"mother fucker

Really?  Does anyone have twenty million burning a hole in their pocket right now?  Cos I'll take it.  Hell, it's only $20 mil.

--------------
Diogenes of Sinope:

"It is not that I am mad, it is only that my head is different from yours."

"Other dogs bite only their enemies, whereas I bite also my friends in order to save them."

Arnold Judas Rimmer, BSC, SSC:

"Better dead than smeg."
Offline
Top of Page Profile Contact Info 
 Post Number: 9
GORDON Search for posts by this member.
90%
Avatar



Group: Super Administrators
Posts: 36125
Joined: Jun. 2004
PostIcon Posted on: Jul. 20 2008,13:17 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
$20MM for running the company into the ground, at that.

I mean, I could have done that for only $18MM.

--------------
I don't give a fuck!
Offline
Top of Page Profile Contact Info 
 Post Number: 10
GORDON Search for posts by this member.
90%
Avatar



Group: Super Administrators
Posts: 36125
Joined: Jun. 2004
PostIcon Posted on: Sep. 10 2008,10:58 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Here's the list of senators who recievied bribes from Fannie and Freddie, over the last decade, broken down highest --> lowest.

http://www.opensecrets.org/news....ni.html

Obama is #3, impressive since he's only been a senator for 2 years.

--------------
I don't give a fuck!
Offline
Top of Page Profile Contact Info 
 Post Number: 11
TheCatt Search for posts by this member.
Top 2%
Avatar



Group: Super Administrators
Posts: 22951
Joined: May 2004
PostIcon Posted on: Sep. 10 2008,11:49 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Obama has been a senator since Jan 2005, so more like 3 2/3 years.

--------------
It's not me, it's someone else.
Offline
Top of Page Profile Contact Info 
 Post Number: 12
GORDON Search for posts by this member.
90%
Avatar



Group: Super Administrators
Posts: 36125
Joined: Jun. 2004
PostIcon Posted on: Sep. 10 2008,12:12 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Plus all that time as a community organizer, so I have trouble keeping his myriad executive experience straight.

--------------
I don't give a fuck!
Offline
Top of Page Profile Contact Info 
 Post Number: 13
Malcolm Search for posts by this member.
I disagree.
Avatar



Group: Privateers
Posts: 27168
Joined: May 2004
PostIcon Posted on: Sep. 10 2008,13:28 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Ah, Kit Bond & Roy Blunt, the two least competent conservatives ever to walk outta Misery.

--------------
Diogenes of Sinope:

"It is not that I am mad, it is only that my head is different from yours."

"Other dogs bite only their enemies, whereas I bite also my friends in order to save them."

Arnold Judas Rimmer, BSC, SSC:

"Better dead than smeg."
Offline
Top of Page Profile Contact Info 
 Post Number: 14
GORDON Search for posts by this member.
90%
Avatar



Group: Super Administrators
Posts: 36125
Joined: Jun. 2004
PostIcon Posted on: Nov. 20 2008,10:48 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Hitler responds to the bad news about his adjustable rate mortgage.

--------------
I don't give a fuck!
Offline
Top of Page Profile Contact Info 
 Post Number: 15
Vince Search for posts by this member.
I make sweet, sweet love to my legally licenced copy of Microsoft Vista.
Avatar



Group: Privateers
Posts: 5016
Joined: May 2004
PostIcon Posted on: Nov. 20 2008,15:30 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
I'm still waiting for the congressional hearings like we had for Enron.  Mae and Mac are a good 10x the size of the losses there and we had hearings.

So they're coming, right?
Offline
Top of Page Profile Contact Info 
 Post Number: 16
GORDON Search for posts by this member.
90%
Avatar



Group: Super Administrators
Posts: 36125
Joined: Jun. 2004
PostIcon Posted on: Nov. 20 2008,15:37 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Possibly now that the election is over.  Everyone ignored that Obama was the largest receiver of bribe money from them in all of Washington.

--------------
I don't give a fuck!
Offline
Top of Page Profile Contact Info 
 Post Number: 17
GORDON Search for posts by this member.
90%
Avatar



Group: Super Administrators
Posts: 36125
Joined: Jun. 2004
PostIcon Posted on: Nov. 20 2008,15:41 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
No more foreclosures or evictions until January 9.

Merry Christmas!

Grace period paid for by taxpayers?  Nothin's free.

Edited by GORDON on Nov. 20 2008,15:41

--------------
I don't give a fuck!
Offline
Top of Page Profile Contact Info 
 Post Number: 18
Mommy Dearest Search for posts by this member.
Ask me about my TMD's.




Group: Privateers
Posts: 1396
Joined: May 2004
PostIcon Posted on: Nov. 20 2008,20:05 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Getting no link?
Offline
Top of Page Profile Contact Info 
 Post Number: 19
GORDON Search for posts by this member.
90%
Avatar



Group: Super Administrators
Posts: 36125
Joined: Jun. 2004
PostIcon Posted on: Nov. 20 2008,20:48 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Still opens for me.

--------------
I don't give a fuck!
Offline
Top of Page Profile Contact Info 
 Post Number: 20
Mommy Dearest Search for posts by this member.
Ask me about my TMD's.




Group: Privateers
Posts: 1396
Joined: May 2004
PostIcon Posted on: Nov. 20 2008,20:50 Skip to the previous post in this topic.  Ignore posts   QUOTE

(GORDON @ Nov. 20 2008,23:48)
QUOTE
Still opens for me.

still got none..   try again tomorrow
Offline
Top of Page Profile Contact Info 
25 replies since Jul. 16 2008,08:21 < Next Oldest | Next Newest >

[ Track This Topic :: Email This Topic :: Print this topic ]


Page 1 of 212>> 		reply to topic new topic new poll

» Quick Reply Fannie and Freddie
iB Code Buttons
You are posting as:

Do you wish to enable your signature for this post?
Do you wish to enable emoticons for this post?
Track this topic
View All Emoticons
View iB Code