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Re: No Where to go but UP, Nerd
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Hell Stomper
May 23, 2013, 1:31:56 AM5/23/13
to
On May 23, 12:07 am, Yoorg...@Jurgis.net wrote:
> On Wed, 22 May 2013 22:02:06 -0500, AlleyCat <al...@aohell.com> wrote:
>
> >Oh yeah, what about NEW homes. That's the barometer, you information
> >parsing idiot.
>
> Does that include the thousands and thousands built, then torn down in
> the early 2000's because Republicans failed oversight of
> Fannie/Freddie, banks, wall street-- and failed to recognize that
> deregulation was a disaster?
There you go again, traitor.
> On Wed, 22 May 2013 22:02:06 -0500, AlleyCat <al...@aohell.com> wrote:
>
> >Oh yeah, what about NEW homes. That's the barometer, you information
> >parsing idiot.
>
> Does that include the thousands and thousands built, then torn down in
> the early 2000's because Republicans failed oversight of
> Fannie/Freddie, banks, wall street-- and failed to recognize that
> deregulation was a disaster?
There you go again, traitor.
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opel
May 23, 2013, 11:55:38 AM5/23/13
to
On 5/23/2013 4:05 AM, Siri Cruise wrote:
> In article <MPG.2c077c09a...@news.eternal-september.org>,
> AlleyCat <al...@aohell.com> wrote:
>
>> Democraps fault for DEMANDING that low-risk people get mortgages.
>
> That's the ideal customer.
>
What you deleted:
Repost for the galactically stupid:
By 2004, all of the elements of the current financial collapse had been
in place for several years. The aggressive approach to enforcing the
Community Reinvestment Act (CRA) started under Bill Clinton in 1998, and
the seemingly endless appetite for paper by Fannie Mae and Freddie Mac
had turned massive amounts of bad loans into mortgage-backed securities
to spread their cancer throughout the system. In 2004, a year after the
Bush administration tried to tighten regulation and oversight on Fannie
and Freddie, Congress was told yet again that disaster loomed. The
Democratic response is instructive to seeing who really sat back and
allowed this collapse to occur (via Power Line):
Maxine Waters: "Through nearly a dozen hearings, we were frankly trying
to fix something that wasn't broke. Mr. Chairman, we do not have a
crisis at Freddie Mac, and particularly at Fannie Mae, under the
outstanding leadership of Franklin Raines." [Raines would barely avoid
prosecution for fraud.]
Gregory Meeks: "I'm just pissed off at OFHEO [the regulators trying to
warn Congress of insolvency at the GSEs], because if it wasn't for you,
I don't think we'd be here in the first place. There's been nothing
that indicated that there's something wrong with Fannie Mae, Freddie Mac
has come up on its own . The question that then comes up is the
competence that your agency has with reference to deciding and
regulating these GSEs."
Lacy Clay: "This hearing is about the political lynching of Franklin
Raines."
Barney Frank: "I don't see anything in this report that raises safety
and soundness problems."
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.''
"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."
http://tinyurl.com/6lp5qu
"McCain Letter Demanded 2006 Action on Fannie and Freddie"
"Sen. John McCain's 2006 demand for regulatory action on Fannie Mae and
Freddie Mac could have prevented current financial crisis, as HUMAN
EVENTS
learned from the letter shown in full text below."
http://www.humanevents.com/article.php?id=28973
> In article <MPG.2c077c09a...@news.eternal-september.org>,
> AlleyCat <al...@aohell.com> wrote:
>
>> Democraps fault for DEMANDING that low-risk people get mortgages.
>
> That's the ideal customer.
>
What you deleted:
Repost for the galactically stupid:
By 2004, all of the elements of the current financial collapse had been
in place for several years. The aggressive approach to enforcing the
Community Reinvestment Act (CRA) started under Bill Clinton in 1998, and
the seemingly endless appetite for paper by Fannie Mae and Freddie Mac
had turned massive amounts of bad loans into mortgage-backed securities
to spread their cancer throughout the system. In 2004, a year after the
Bush administration tried to tighten regulation and oversight on Fannie
and Freddie, Congress was told yet again that disaster loomed. The
Democratic response is instructive to seeing who really sat back and
allowed this collapse to occur (via Power Line):
Maxine Waters: "Through nearly a dozen hearings, we were frankly trying
to fix something that wasn't broke. Mr. Chairman, we do not have a
crisis at Freddie Mac, and particularly at Fannie Mae, under the
outstanding leadership of Franklin Raines." [Raines would barely avoid
prosecution for fraud.]
Gregory Meeks: "I'm just pissed off at OFHEO [the regulators trying to
warn Congress of insolvency at the GSEs], because if it wasn't for you,
I don't think we'd be here in the first place. There's been nothing
that indicated that there's something wrong with Fannie Mae, Freddie Mac
has come up on its own . The question that then comes up is the
competence that your agency has with reference to deciding and
regulating these GSEs."
Lacy Clay: "This hearing is about the political lynching of Franklin
Raines."
Barney Frank: "I don't see anything in this report that raises safety
and soundness problems."
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.''
"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."
http://tinyurl.com/6lp5qu
"McCain Letter Demanded 2006 Action on Fannie and Freddie"
"Sen. John McCain's 2006 demand for regulatory action on Fannie Mae and
Freddie Mac could have prevented current financial crisis, as HUMAN
EVENTS
learned from the letter shown in full text below."
http://www.humanevents.com/article.php?id=28973
Message has been deleted
opel
May 23, 2013, 12:55:45 PM5/23/13
to
On 5/23/2013 10:40 AM, Siri Cruise wrote:
> In article <knlei8$avc$1...@dont-email.me>, opel <ad...@novalid.org.> wrote:
>
>> On 5/23/2013 4:05 AM, Siri Cruise wrote:
>>> In article <MPG.2c077c09a...@news.eternal-september.org>,
>>> AlleyCat <al...@aohell.com> wrote:
>>>
>>>> Democraps fault for DEMANDING that low-risk people get mortgages.
>>>
>>> That's the ideal customer.
>>>
>> What you deleted:
>
> Lordy,
>
>> On 5/23/2013 4:05 AM, Siri Cruise wrote:
>>> In article <MPG.2c077c09a...@news.eternal-september.org>,
>>> AlleyCat <al...@aohell.com> wrote:
>>>
>>>> Democraps fault for DEMANDING that low-risk people get mortgages.
>>>
>>> That's the ideal customer.
>>>
>> What you deleted:
>
Robert A. Leffingwell
May 23, 2013, 2:24:26 PM5/23/13
to
"Siri Cruise" <chine...@yahoo.com> wrote in message
news:chine.bleu-B22E2...@news.eternal-september.org...
>
> Lordy, you're stupid.
Saying Opie is stupid is like saying Opie shits in the woods because a
toilet has too many moving parts.
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