Posts tagged as:

Freddie Mac

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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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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