Posts tagged as:

Fannie Mae

Foreclosure Settlement Fixes Nothing

February 9, 2012

The housing bubble was the biggest financial bubble in history.  Banks gave loans to people who couldn’t afford them, then sold mortgage-backed securities to dupes around the world.  Then, a circle firing squad of financial nitwits decided to insure the securities all along the way.  Times were good until about 2007.  By September 2008 Lehman [...]

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Barney Frank Is Himself Again

November 3, 2010

Barney’s Frank has a history of getting sassy with people who disagree with him.  As those who dared bring up the Congressman’s role in Freddie Mae, Freddie Mac, and the economic collapse can tell you, Frank could get downright nasty when challenged.  Well, that all changed in the last couple of weeks when Barney discovered [...]

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Financial Overhaul Bill Will Move

July 13, 2010

The template is set:  a bad Democrat bill which increases the size and scope of a government without tackling the underlying problem passes the House;  that terrible bill is a few votes short of cloture in the Senate;  suddenly two RINOs from Maine show up, think that they must do something and promise to vote [...]

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Dodd-Frank Financial Overhaul Bill Ready to Go

June 25, 2010

What’s being called a “sweeping” financial reform bill just emerged from committee early this morning.  This quote from co-author Connecticut Senator Chris Dodd says it all: “It’s a great moment.  I’m proud to have been here.  No one will know until this is actually in place how it works.  But we believe we’ve done something [...]

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Karl Rove Sets The Record Straight

October 3, 2009

Karl Rove appeared on the O’Reilly factor yesterday, which was guest-hosted by Juan Williams.  Williams challenged Rove on why the Bush administration did nothing to try to prevent the housing crash and the problems with Fannie Mae and Freddy Mac.  Rove sets the record straight, pointing out how the Republicans and Bush administration had a [...]

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The Next Shoe To Drop

September 30, 2009

As we all know, the beginning of last year’s recession was triggered by a series of events, including the failure of two quasi-government agencies, Fannie Mae and Freddy Mac, precipitated by the over-abundance of sub-prime mortgages given to people who had no capability of paying them back.  A year later, it appears that we have [...]

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Government Caused this Crisis, Not Deregulation

March 27, 2009

One of the great sophistries of the current economic crisis, expounded by the President himself, is that it was caused by “deregulation.”  It sounds good in a stump speech, and some point to the modification of the Glass-Stegall Act in 1999, which allowed investment banks to compete against traditional banks, as the culprit of this [...]

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Cheney Strikes Back!

March 15, 2009

On CNN’s “State of the Union” show this morning, former Veep Dick Cheney had a few things to say about the Obama Nation: Obama is trying to use the economic crisis to justify the largest expansion of government control in the Republic’s history. That focusing on government control of health care as that which will [...]

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The Socialist Bailout Fiasco

November 12, 2008

Conservatives such as myself warned back in September that the Bailout Bill proposed by Secretary of the Treasury Henry Paulson, passed by Congress, and signed into law by President Bush, was a socialist disaster in the making.  The bill was supposedly passed to help shore up our nations credit and unfreeze the credit markets.  Aside [...]

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Three Reasons McCain Lost

November 6, 2008

McCain’s defeat by President-Elect Barack Obama can be attributed to many factors, such as the media, Obama’s smoothness, Obama’s ground organization, etc.  Here, however, I am going to focus on three areas in the McCain campaign strategy that, had they done things differently, may have yielded a different result this past Tuesday.  Response to the [...]

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Third Presidential Debate Preview

October 15, 2008

Tonight is the Third and Final Presidential Debate between Sen. John McCain and Sen. Barack Obama.  The debate is in the traditional format similar to the first debate, with an emphasis on domestic policy, and will be moderated by Bob Schieffer of SeeBS News.    In spite of articles in the New York Times, LA Times, and [...]

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How McCain Can Win

October 6, 2008

bJohn McCain is currently behind in Presidential election by three to eight points, depending on the poll.  With only a month less to go, McCain’s current strategy is obviously not working.  During the last two weeks, the Obama campaign has succeeded in defining the narrative of the day.  McCain needs aggressively to go on the offensive [...]

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Blame the Democrats for Fannie Mae and Freddy Mac

September 30, 2008

  These are your culprits, America,  The Sub-prime Mortgage Crisis is the fault of the Democrats.  It all started with the Community Redevelopment Act of 1975, which was desinged to force banks to give low-income housing to those who could not afford it.  For the first 20 years of its existence, however, it was not highly enforced.  Author Dan [...]

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The Financial Mess

September 16, 2008

With the collapse of Lehman Brothers to Bankruptcy, and with Merrill Lynch being absorbed by Bank of America, our financial system is foremost on many people’s minds this week.  Add to that the federal takeover of Fannie Mae and Freddy Mac last week, and the Bear Sternes collapse earlier this year, and we have a [...]

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