Re: PROOF! Obama economic advisors responsible for Fannie / Freddie financial disaster
Pteranodon
> On Wed, 17 Sep 2008 05:11:00 +0200 (CEST), George Orwell
> <nob...@mixmaster.it> wrote:
>
>> Deliver us from any more displays of Clinton’s genius.
>
> From the guys who brought us "proof" of WMD in Iraq.
> LOL!
Syria now, pay attention.
>> Include in that display the election of Barack Obama — expecially if
>> Obama’s economic programs are being master-minded by Clinton
>> cronies.
>
> You prefer astronomical deficits and Wall Street Crashes to healthy
> surpluses and economic prosperity then?
I thought the Clinton tech wreck was a bummer, you?
> Figures.
JDS Uniphase?
--
not too random uselessnet weirdness:
Bill Shatzer wrote:
"And over 4,000 Americans have paid with their lives for that little
adventure. Plus a half a trillion dollars in national treasure
You might compare that with the number of lives lost on 9-11. Or the
economic injury incurred from that event.
It would have been cheaper in both lives and money to just suffer
another 9-11 every six or seven years.
Peace and justice,"
Baxter blurts out a plaintive call for Viagra:
"At my age, I don't need balls. I'm done with the procreation stuff."
Shane Merriweather
"Samantha" <sam...@hotmail.com> wrote in message
news:efv0d4tsheklasee2...@4ax.com...
> On Wed, 17 Sep 2008 05:11:00 +0200 (CEST), George Orwell
> <nob...@mixmaster.it> wrote:
>
>>
>>Deliver us from any more displays of Clinton's genius.
>
> From the guys who brought us "proof" of WMD in Iraq.
> LOL!
If Clinton had done his job, there wouldn't have been any "WMD's in Iraq",
now would there?
>>Include in that display the election of Barack Obama - expecially if
>>Obama's economic programs are being master-minded by Clinton
>>cronies.
>
> You prefer astronomical deficits and Wall Street Crashes to healthy
> surpluses and economic prosperity then?
>
> Figures.
NAFTA.
grandwazoo
> http://overthehilloracles.wordpress.com/2008/09/09/the-obama-
> fannie-freddie-connection/
>
> Obama’s two economic advisors are former Fannie Mae and Freddie
> Mac CEO’s who may have pulled strings to give Obama a “heads up”
> on the recent government bail-out plan. Washington Prowler has
> the story:
>
> When President George W. Bush nominated Henry Paulson to serve
> as Treasury Secretary, Republicans raised a red flag that
> Paulson, who, along with his wife, has strong ties to the
> Democrat party, would not be an honest broker with Republicans.
> That seems to have been borne out, with sources inside of
> Treasury reporting that Paulson briefed Sen. Barack Obama and
> his campaign advisers on the Fannie Mae and Freddie Mac bailout
> plan before offering such a briefing to the McCain campaign.
>
> In fact, the McCain campaign had sought a similar briefing
> several days ago as word spread that a bailout plan was to be
> unveiled and had been turned down by Paulson’s senior staff.
>
> The next question is: Why was the Obama campaign so keen on
> getting advanced word about the bailout?
>
> “They have a huge problem with the mortgage and housing market
> story, and everyone is missing it,” says a Republican political
> media consultant with ties to the Obama campaign due to the
> bipartisan nature of the firm he does work with.
>
> “You look at Obama’s economic advisers, the guys he has counted
> on from day one and who have raised him a ton — and I mean a ton
> — of money: Franklin Raines and Jim Johnson, both of them are
> waist to neck deep in the mortgage debacle.”
>
> Both Raines and Johnson have served as CEO of Fannie Mae, with
> Raines taking over from Johnson. Both are key political and
> economic advisers to Obama.
>
> “How can Obama go out with a straight face and saw it was
> Republicans who made this mess, when it is his key advisers who
> ran the agencies that made the big mess what it is?” says a
> Democrat House member who supported Sen. Hillary Rodham Clinton.
> “It’s his people who are responsible for what may well be the
> single largest government bailout in history. And every single
> one of them made millions off the collapse that are lining
> Obama’s campaign coffers. If the McCain campaign lets this one
> go, they deserve to lose.”
>
> It isn’t just Fannie Mae where Obama has a problem. Another
> close political adviser, in fact the one man responsible for
> rallying support for Obama early on among Congressional
> Democrats, is Rep. Rahm Emanuel, who served on the Board of
> Directors for Freddie Mac after leaving the Clinton White House.
> According to Freddie Mac insiders, Emanuel during his time on
> the board opposed every reform proposed by the Bush
> Administration that would have impacted Freddie and Fannie Mae.
>
> Emanuel claimed to be neutral in the primary race between the
> wife of his old boss and his longtime Chicago acquaintance,
> Obama. But the chairman of the House Democratic Caucus, who
> would be first in line for the vacated Senate seat of Obama
> should he win the presidency, quickly dumped Clinton when it was
> clear Obama had a head of steam for the nomination.
>
> “We ought to be able to — rightly — hang the Fannie and Freddie
> scandal around the neck of Obama, if they can get out in front,”
> says a House Republican. “Middle-class folks’ mortgages are
> probably safe, but the American taxpayer will also be paying for
> this scandal for years to come.”
>
> Possibly this connection may (or may not) inspire the Clinton’s
> to join the rush to the November 4 finish line. After all —
> Fannie Mae and Freddie Mac were created under Clinton’s
> administration.
>
> It’s possible President Bush could have avoided some of this by
> his HUD secretary, Mel Martinez, undoing Andrew Cuomo’s rules.
> But can you imagine the grief he would have gotten for making
> houses harder to buy, especially for those on the lower rungs of
> the economic ladder, with the likes of Barney Frank and Paul
> Krugman on the opposing side?
>
> This was the perfect liberal operation: The righteous cause of
> home ownership for those on the lower rungs of the economic
> ladder. Pockets padded for fellow cronies. And the blame for
> the inevitable crisis going to Republicans. Perfect. Bill
> Clinton is a genius.
>
> Deliver us from any more displays of Clinton’s genius. Include
> in that display the election of Barack Obama — expecially if
> cronies.
>
>
> non corrisponde ad un utente |message is not related to a real
> reale ma all'indirizzo fittizio|person but to a fake address of an
> di un sistema anonimizzatore |anonymous system
> Per maggiori informazioni |For more info
> https://www.mixmaster.it
>
The flaw in the argument is that none of the mentioned former Freddie or
Fannie Mae CEO's are currently in charge or presided over failures, and
left with these firms solvent. It took Republican de-regulation (with
help of some also corrupt Democrats) and presided over by McCain,
Chairman of the Finance Committee, who had, and currently has regulatory
authority over these firms. After 8 years, it's your painted pig.
Pteranodon
> On Tue, 16 Sep 2008 21:47:05 -0700, "Shane Merriweather"
> <shan...@msn.com> wrote:
>
>> "Samantha" <sam...@hotmail.com> wrote in message
>> news:efv0d4tsheklasee2...@4ax.com...
>>> On Wed, 17 Sep 2008 05:11:00 +0200 (CEST), George Orwell
>>> <nob...@mixmaster.it> wrote:
>>>
>>>> Deliver us from any more displays of Clinton's genius.
>>> From the guys who brought us "proof" of WMD in Iraq.
>>> LOL!
>> If Clinton had done his job, there wouldn't have been any "WMD's in Iraq",
>> now would there?
>
> Iraq.
>
> None. it was all lies.
>
Yes there were, they trucked them to Syria, you dizzy lying bitch:
TCP: The Iraq Survey Group is expected to file a comprehensive report
soon on weapons of mass destruction in Iraq. Reports indicate that it
will conclude Saddam had no WMD. But you disagree with that belief. Why
do you disagree and is it more likely WMD are still inside Iraq, or have
they been moved?
DeLong: I think what the report will say is, just like everybody else
has said, there is no proof there was WMD. There will be no definitive
statement in this report. I can state, unequivocally, there was WMD in
Iraq before and during the war. You have multiple-source intelligence.
Also, from other Arab leaders – as Tommy Franks says in his book – King
Abdullah said Saddam has WMD. President Mubarek of Egypt said you have
to be very careful going in, because Saddam has weapons of mass
destruction. Other leaders who have chosen not to be named said the same
thing. We had technical intelligence that saw the same thing.
Two days before March 19, 2003, we saw quite a number of vehicles going
into Syria. We could not go after them because we said we'd give Saddam
48 hours. A lot of (Iraqi) leaders went into Syria, and a lot of WMD
went into Syria. We've gotten indications some went into Lebanon, and
probably some went into Iran.
The size of Iraq is roughly, in square miles, the same size as
California. Seven-eighths of the country is arid desert land. We've done
calculations that you could probably bury 16 Eiffel Towers or Empire
State Buildings and never find them in the desert. Just four months ago,
they were digging for something out in the middle of
the desert and they hit something. It was a MIG-25 Foxbat that the
Iraqis buried in the sand. We never would have found this thing.
Biological Weapons, you could put almost your whole program in a
suitcase. You could probably put your whole chemical weapons industry
inside a van. Yes, they did have it and right today they can't find it.
The people we've captured, like Dr. Germ and Chemical Ali, the murderer
of the Kurds, aren't talking.
>>>> Include in that display the election of Barack Obama - expecially if
>>>> Obama's economic programs are being master-minded by Clinton
>>>> cronies.
>>> You prefer astronomical deficits and Wall Street Crashes to healthy
>>> surpluses and economic prosperity then?
>>>
>>> Figures.
>> NAFTA.
>
> What about it?
Clinton signed it.
> Democrats surplus..
DemonCraps jobs siphonage.
> Republicans deficit..
>
> repeat Ad Infinitum.
Cause, then effect.
Stupid cunt.
Pteranodon
>
> Tuesday, September 16, 2008
>
> McCain: Deregulation Hawk
>
Try again:
http://www.pajamahadin.com/?p=1250
« Did Obama Violate the Logan ActDemocrats Share Key Blame in Fannie Mae
and Freddie Mac
From Carolyn Lockhead:
Obama needs a Sister Souljah moment to distinguish himself to
independent and weak Republican voters who are agreeing with GOP claims
that Obama is a classic liberal Democrat, and sliding right into the
familiar ground of the culture wars. Obama has a golden opportunity with
the U.S. financial system falling apart at the seams.
Congressional Democrats were and remain the leading defenders of Fannie
Mae and Freddie Mac, promising to resist efforts to shrink the
companies, now under government control, and sell off their assets.
Democrats had plenty of help from Republicans, to be sure, but it was
mainly conservatives who have been warning for more than a decade that
their public risk/private profit model was a disaster waiting to happen.
This is exactly where the difference between Obama and McCain with
regard to their ability to challenge the establishment in their own
party is very important. It is Obama’s weakness and McCain’s strength.
Here is an issue where McCain could actually throw the Obama campaign’s
“Do you want More of the Same?” mantra right back at them.
More on the Democrats involvement from A Tangled Web:
The Democrats aided Raines by refusing to hold hearings on Raines and
Gorelicks fraud. Their actions have led to the collapse of this
institution, putting the American taxpayer on the hook for 5.6 Trillion
Dollars. We are the insurers of this institution.
Even today with the collapse of Fannie Mae when Republican Baynor called
for hearings again Barney Frank refused. When you look at our Government
run institutions Social Security, Medicare, Medicaid, and Fannie Mae.
Not one of these is solvent. We the American public hold the bills due
on this group of catastrophes to the tune of $59 Trillion.
Five years ago the Bush Administration attempted to head off a financial
crisis that loomed ahead for Freddie Mac and Fannie Mae. As reported by
the New York Times on September 11, 2003:
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.
However, it was Congressional Democrats who fought tooth and nail to
kill this new oversight.
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.
Investor’s Business Daily digs deeper into the Democrats contributions
to this latest crisis.
Obama in a statement yesterday blamed the shocking new round of
subprime-related bankruptcies on the free-market system, and
specifically the “trickle-down” economics of the Bush administration,
which he tried to gig opponent John McCain for wanting to extend.
But it was the Clinton administration, obsessed with multiculturalism,
that dictated where mortgage lenders could lend, and originally helped
create the market for the high-risk subprime loans now infecting like a
retrovirus the balance sheets of many of Wall Street’s most revered
institutions.
Tough new regulations forced lenders into high-risk areas where they had
no choice but to lower lending standards to make the loans that sound
business practices had previously guarded against making. It was either
that or face stiff government penalties.
The untold story in this whole national crisis is that President Clinton
put on steroids the Community Redevelopment Act, a well-intended
Carter-era law designed to encourage minority homeownership. And in so
doing, he helped create the market for the risky subprime loans that he
and Democrats now decry as not only greedy but “predatory.”
Yes, the market was fueled by greed and overleveraging in the secondary
market for subprimes, vis-a-vis mortgaged-backed securities traded on
Wall Street. But the seed was planted in the ’90s by Clinton and his
social engineers. They were the political catalyst behind this
slow-motion financial train wreck.
And the worst is far from over. By the time it is, we’ll all be paying
for Clinton’s social experiment, one that Obama hopes to trump with a
whole new round of meddling in the housing and jobs markets. In fact,
the social experiment Obama has planned could dwarf both the Great
Society and New Deal in size and scope.
There’s a political root cause to this mess that we ignore at our peril.
If we blame the wrong culprits, we’ll learn the wrong lessons. And
taxpayers will be on the hook for even larger bailouts down the road.
But the government-can-do-no-wrong crowd just doesn’t get it. They won’t
acknowledge the law of unintended consequences from well meaning, if
misguided, acts.
The Bush Administration must shoulder some of the blame, but clearly it
was the Democrats bad policies and social engineering that are the root
causes. They denied President Bush the opportunity to head off the
problem and now want to shift the blame back to his administration.
UPDATE:
The Hill :
House Speaker Nancy Pelosi, when asked Tuesday whether Democrats bear
some of the responsibility regarding the current crisis on Wall Street,
had a one-word answer: “No.”
Apparently, all that Botox has paralyzed her brain.
SilentOtto
> Samantha wrote:
> > On Tue, 16 Sep 2008 21:47:05 -0700, "Shane Merriweather"
>
> >> "Samantha" <samr...@hotmail.com> wrote in message
> >>news:efv0d4tsheklasee2...@4ax.com...
> >>> On Wed, 17 Sep 2008 05:11:00 +0200 (CEST), George Orwell
> >>> <nob...@mixmaster.it> wrote:
>
> >>>> Deliver us from any more displays of Clinton's genius.
> >>> From the guys who brought us "proof" of WMD in Iraq.
> >>> LOL!
> >> If Clinton had done his job, there wouldn't have been any "WMD's in Iraq",
> >> now would there?
>
> > Obviously it has escaped your notice, but there weren't any WMD in
> > Iraq.
>
> > None. it was all lies.
>
> Yes there were, they trucked them to Syria, you dizzy lying bitch:
Gee...
And to think that after all these years there's not a single shred of
evidence to back up any of his claims.
Only "intelligence" from the same people who brought us yellow cake,
aluminum tube and miniaturized nuclear weapons.
Curious that...
Heh heh...
Rightards...
>
> http://209.85.173.104/search?q=cache:ttr_XvzI-ycJ:www.command-post.or...
Pteranodon
> On Sep 17, 1:46 am, Pteranodon <tr...@invalid.net> wrote:
>> Samantha wrote:
>>> On Tue, 16 Sep 2008 21:47:05 -0700, "Shane Merriweather"
>>> <shane...@msn.com> wrote:
>>>> "Samantha" <samr...@hotmail.com> wrote in message
>>>> news:efv0d4tsheklasee2...@4ax.com...
>>>>> On Wed, 17 Sep 2008 05:11:00 +0200 (CEST), George Orwell
>>>>> <nob...@mixmaster.it> wrote:
>>>>>> Deliver us from any more displays of Clinton's genius.
>>>>> From the guys who brought us "proof" of WMD in Iraq.
>>>>> LOL!
>>>> If Clinton had done his job, there wouldn't have been any "WMD's in Iraq",
>>>> now would there?
>>> Obviously it has escaped your notice, but there weren't any WMD in
>>> Iraq.
>>> None. it was all lies.
>> Yes there were, they trucked them to Syria, you dizzy lying bitch:
>
> Gee...
>
Mmm...indeed....
> And to think that after all these years there's not a single shred of
> evidence to back up any of his claims.
Sure there is - NGA imagery.
> Only "intelligence" from the same people who brought us yellow cake,
> aluminum tube and miniaturized nuclear weapons.
Nope. Try again.
> Curious that...
You mainly.
> Heh heh...
Ho Ho
>
> Rightards...
Lieberals.
SilentOtto
> SilentOtto wrote:
> > On Sep 17, 1:46 am, Pteranodon <tr...@invalid.net> wrote:
> >> Samantha wrote:
> >>> On Tue, 16 Sep 2008 21:47:05 -0700, "Shane Merriweather"
> >>> <shane...@msn.com> wrote:
> >>>> "Samantha" <samr...@hotmail.com> wrote in message
> >>>>news:efv0d4tsheklasee2...@4ax.com...
> >>>>> On Wed, 17 Sep 2008 05:11:00 +0200 (CEST), George Orwell
> >>>>> <nob...@mixmaster.it> wrote:
> >>>>>> Deliver us from any more displays of Clinton's genius.
> >>>>> From the guys who brought us "proof" of WMD in Iraq.
> >>>>> LOL!
> >>>> If Clinton had done his job, there wouldn't have been any "WMD's in Iraq",
> >>>> now would there?
> >>> Obviously it has escaped your notice, but there weren't any WMD in
> >>> Iraq.
> >>> None. it was all lies.
> >> Yes there were, they trucked them to Syria, you dizzy lying bitch:
>
> > Gee...
>
> Mmm...indeed....
>
> > And to think that after all these years there's not a single shred of
> > evidence to back up any of his claims.
>
> Sure there is - NGA imagery.
Yea?
NGA imagery that verifies WMD were shipped to Syria and Iran?
Where is it?
Because, I think you're lying.
> > Only "intelligence" from the same people who brought us yellow cake,
> > aluminum tube and miniaturized nuclear weapons.
>
> Nope. Try again.
Denial.
How uniquely rightarded of you...
> > Curious that...
>
> You mainly.
Curious about why you're such a rightard?
You bet.
> > Heh heh...
>
> Ho Ho
>
>
>
> > Rightards...
>
> Lieberals.
Heh heh...
You guys ain't called rightard for nuttin'
grandwazoo
They just keep recycling the same lies even though the sources are
completely debunked. It is either dishonesty or stupidity, however these
are not mutually exclusive character flaws.
grandwazoo
There is always one dumb son of a bitch that does not get the memo! None
but you are still trying to sell this debunked Iraq war propaganda.
grandwazoo
He's been selling his recycled lies long after the sources were
debunked. Of course, he will protest again and demand proof, only to
repeat the cycle and pretend again.
Pteranodon
Yup.
> NGA imagery that verifies WMD were shipped to Syria and Iran?
>
> Where is it?
NGA, dummy.
> Because, I think you're lying.
But you're a lying ASSHOLE!
>>> Only "intelligence" from the same people who brought us yellow cake,
>>> aluminum tube and miniaturized nuclear weapons.
>> Nope. Try again.
>
> Denial.
Lies.
> How uniquely rightarded of you...
How lying left of you.
>
>>> Curious that...
>> You mainly.
>
> Curious about why you're such a rightard?
No curiosity on your treasonous roots...
>
> You bet.
No need.
>
>>> Heh heh...
>> Ho Ho
>>
>>
>>
>>> Rightards...
>> Lieberals.
>
> Heh heh...
Ho Ho.
>
> You guys ain't called rightard for nuttin'
You lieberals earned your name.
Pteranodon
You just keep denying the facts.
Pteranodon
Yes, that you are.
SilentOtto
Got nothing, I see...
Heh heh...
Rightards...
All hat, no cattle...
SilentOtto
I bet these Rightards still believe that Spain mined the U.S.S. Maine.
charliekilo
news:a646c426-c13e-4be4...@34g2000hsh.googlegroups.com...
-- I bet these Rightards still believe that Spain mined the U.S.S. Maine.
Do you have the answer? If you do a LOT of experts want to talk with
you...there still, after four investigations, isn't a definitive answer.
Even the National Geographic investigation in 1999 came to the conclusion
that it was a mine in the harbor that lead to the resulting magazine
explosions. Experts say that we'll probably never know for sure.
Ankylosaurus
Well you never do.
Christopher Helms
The Republicans are desperately looking to blame somebody for all
this. Somebody other than the guy ostensibly in charge (who has been
granted unlimited Innocent Bystander status) and the guy who voted
with him 90% of the time and who is currently running for his third
term. Splitting George Bush, his economic policies and the current
state of the economy into three separate, unrelated pieces without
causing John McCain huge problems will require some serious mental
acrobatics, but the Republicans are going to try it.
SilentOtto
> "SilentOtto" <silento...@hotmail.com> wrote in message
The current, and most likely explanation is a fire in a paint locker
adjacent to one of the magazines.
The heat from the fire was transferred though the steel walls until
the temperature got high enough to touch off the powder.
Ankylosaurus
The Dems have already played the blame game.
Ankylosaurus
Nope.
SilentOtto
>
> >>> You guys ain't called rightard for nuttin'
> >> You lieberals earned your name.
>
> > Got nothing, I see...
>
> Well you never do.
With a brain the size of a walnut, a dinosaur nym is very suitable for
a rightard like you.
Heh heh...
Rightards...
grandwazoo
Saddam's connection to bin Ladden
grandwazoo
They are not facts if they are shown not to be. These old articles,
debunked are still found archived on rightwind web sites, without
mention that the article is in error, a proven lie or incorrect. See how
that works? You can draw no valid conclusion when your premises are untrue.
grandwazoo
Oh.... the "blame game". Is that like the 'name game'? Try Obama.
Day Brown
> Oh.... the "blame game". Is that like the 'name game'? Try Obama.
next president first.
zephyr
Lame.
Day Brown
like the media and bureaucracy already think.