Posts tagged as:

Freddy Mac

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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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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More Democrat Ties to Fannie Mae and Freddy Mac

November 7, 2008

Rahm Emmanuel, Obama’s new Chief of Staff, was on the Board of Directors for Freddie Mac when Freddie Mac was under investigation for fraud.  The board was criticized by the Office of Federal Housing Enterprise Oversight for not following up on suspicious activity that was brought to their attention. Emmanuel joins the ranks of other [...]

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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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Bailout BS

October 29, 2008

Those frequent visitors to this site know that I have been against the Paulson Socialist Bailout Package since its inception, and have felt that it was not necessary to fixing the economy, was put together too quickly to stem a supposed crisis that few understood, and was packed with pork that had nothing to do [...]

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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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