Comments on: U.S. To Seize Fannie Mae, Freddie Mac

Two Companies Account For Half of Nation's Mortgage Debt; Would Be One Of The Largest Fed Bailouts In History

[skyk-2009]

with repiblicans in the house and senate...

Posted by stephend71 at 02:01 AM : Sep 07, 2008

LOL Oh who could forget the fight Clinton had with then. LOL I remember when he forced them to actually shut down the government instead of allowing them to borrow the money to give their rich pals a tax break!! MORE Trickle Down, a policy that has NEVER worked even ONCE. That''s what McSame and the Republican''s are about folks.

[skyk-2009]

Like all politicians Obama is not bringing up all his talking points. The crackdown on "fraudulant lenders" can be lumped into a long list of proposed governement intervention (read more big government).

Posted by stephend71 at 02:12 AM : Sep 07, 2008

NO those Regulations were and have been there since the Great Depression. McSame and the Republican''s REMOVED them and we end up saddled with this massive bail out. If you can''t at least be honest about the total failure of McSame and his Party, how can we fix anything?

[skyk-2009]

But WOW, wouldn''''t you expect somebody who''''s seeking to be in charge of the economy to have more to say than that he''''s got an opinion? Am I expecting too much, or wouldn''''t you expect somebody in that position to want to and be able to point out that that would never have happened under his watch and why? Or are we to expect more of the same from him - I''''m still not sure where he stands with regards to increasing/decreasing regulation because in his economic platform he said he was going to work to make credit more available, particularly to people deemed ''''high risk'''' . . .

I don''''t know . . .

Posted by SamTheTVCat at 01:43 AM : Sep 07, 2008

What POLICIES of Bush is McSame going to Change? He''s a FRAUD and everyone KNOWS it. He intends to Keep Trickle Down and he intends to continue to get Advice from the Guy who Changed the LAWS making this Lending Mess possible. Please don''t come on here backing McSame, pretending to change anything, when you can''t give people any assurances they won''t be living with Trickle Down after the election. NO WAY!!

[skyk-2009]

This is not a problem you can blame on anyone except the head of the federal reserve which had regulatory control of both Fannie and Freddie. They knew long ago what was going on and did everything in the world to keep it on the lowdown and now the American taxpayers under Bushes heavy hand are going to be the ones to pay.
This bailout is just something he is using to garner support for the Repugnican party and try to bring his favorability numbers up.
The thing about this that Pi$$es me off is, I DON''''T EVEN OWN A HOME,Yet I can expect to be taxed to bail these institutions out of trouble because of their greediness and lack of responsibility to its borrowers.

Posted by GodzFan at 07:05 AM : Sep 07, 2008

REALLY?? So we''re just going to FORGET ALL those Regulations that McSame and the Republican''s took off these lending banks? We just FORGET the Laws that McSame and his Economic Adviser, Graham allowed the Banks Lobbyist to right? Sure let''s just keep PRETENDING that McSame and the Republican''s didn''t do anything and they want Change. YOU people keep pretending and we''ll be a third world country in NO TIME!

[godzfan]

This is not a problem you can blame on anyone except the head of the federal reserve which had regulatory control of both Fannie and Freddie. They knew long ago what was going on and did everything in the world to keep it on the lowdown and now the American taxpayers under Bushes heavy hand are going to be the ones to pay.
This bailout is just something he is using to garner support for the Repugnican party and try to bring his favorability numbers up.
The thing about this that Pi$$es me off is, I DON''T EVEN OWN A HOME,Yet I can expect to be taxed to bail these institutions out of trouble because of their greediness and lack of responsibility to its borrowers.

[tmn]

The US had best get a firm hold of its Fannie and fix things before it''s too late...

[samthetvcat]

---"Like all politicians Obama is not bringing up all his talking points. The crackdown on "fraudulant lenders" can be lumped into a long list of proposed governement intervention (read more big government)."---
Posted by stephend71

Yeah, I just put something about that on another page - regulations can be overbroad and stifle the economy, maybe that''s even worse than having deregulations and bailouts . . .

PS And yeah that''s true about the Fed Chair having all the power . . .

[stephand]

Yes, I understand what you''''re saying - but monetary and fiscal policies as well as regulatory climate have been shown to influence the economy, haven''''t they?

PS I just checked Obama''''s website, and he does in fact have a plan to crack down on fraudulent lenders - funny he didn''''t mention that . . . why wouldn''''t you sell one of your talking points if it''''s public knowledge (?) I get the sense he''''s just gotten in the habit of saying as little as possible so Repubs don''''t use his words to draw contrasts or something because they''''re fiercer competitors . . . but then everybody thinks he''''s got little to offer . . .

I don''''t know . . .
-- Posted by SamTheTVCat

The influence is actually much less than most people think. Also, the fed chairman is setting most of the monetary policy and operated reasonably independent from the president.

Like all politicians Obama is not bringing up all his talking points. The crackdown on "fraudulant lenders" can be lumped into a long list of proposed governement intervention (read more big government).

[samthetvcat]

---"SamTheTVCat: The president is not really "in charge" of the economy. In fact nobody in the government is "in charge" of the economy."---
Posted by stephend71

Yes, I understand what you''re saying - but monetary and fiscal policies as well as regulatory climate have been shown to influence the economy, haven''t they?

PS I just checked Obama''s website, and he does in fact have a plan to crack down on fraudulent lenders - funny he didn''t mention that . . . why wouldn''t you sell one of your talking points if it''s public knowledge (?) I get the sense he''s just gotten in the habit of saying as little as possible so Repubs don''t use his words to draw contrasts or something because they''re fiercer competitors . . . but then everybody thinks he''s got little to offer . . .

I don''t know . . .

[stephand]

let''''s recap, though. 1996? 2000? no depression. no repubs as pres either.
-- Posted by smart4peace

with repiblicans in the house and senate...

[stephand]

This will stand as the greatest Republicon failure in history.
Oh, and it too, happened on the Bu$h watch.
-- Posted by Inventagod2

and the democrat congress...

[stephand]

SamTheTVCat: The president is not really "in charge" of the economy. In fact nobody in the government is "in charge" of the economy.

[samthetvcat]

---"Democratic nominee Barack Obama, speaking in Terre Haute, Ind., said, "These entities are so big and they''re so tied into the housing market that it is probably true that we have to take steps to make sure they don''t just collapse, because the housing market, which is already weakened, would be in even worse shape if we didn''t take some steps."---

Well, at least Barack came out and said ''he agrees'', which is more than we got from McCain.

But WOW, wouldn''t you expect somebody who''s seeking to be in charge of the economy to have more to say than that he''s got an opinion? Am I expecting too much, or wouldn''t you expect somebody in that position to want to and be able to point out that that would never have happened under his watch and why? Or are we to expect more of the same from him - I''m still not sure where he stands with regards to increasing/decreasing regulation because in his economic platform he said he was going to work to make credit more available, particularly to people deemed ''high risk'' . . .

I don''t know . . .

[inventagod2]

This will stand as the greatest Republicon failure in history.
Oh, and it too, happened on the Bu$h watch.

[marshall_nee]

Lets see, now we are getting Wall Streets losses socialized, isn''t it about time some of their perks were socialized too.
If so I declare Mondays as; national Ferrari day, Tuesdays; national Gulf stream day, Wednesdays; national Augusta National day, Thursdays; national Blonde intern day and so on.

[antoniof123]

This is the final impact of deregulation of the banking industry that took place by Regan. In fact we are going to find it to get real bad real soon.

Deregulation of one of the backbones of the country will only lead to failure. It may be too late to be listening to Greenspan.

Too little too late and now it comes crashing down on us.

[hbevis]

Federal National Mortgage Association, nicknamed Fannie Mae, and the Federal Home Mortgage Corporation, nicknamed Freddie Mac, have operated since 1968 as government sponsored enterprises (GSEs).

This is what has happened to the Two companies. Ever since then they have more or less gone down hill. And I don''t believe that Regan had anything to do with the Banking business?????

The Banking business was allowed to cross state lines on January 1, 1974. Reagan was not in office until 1980. They two Originations have gotten more and more corrupt over the years. And they have not had their hands slapped enough by the Government until now.

[iphyt4u]

I remember being taught "lazzae fair", "hands off" policy in history class. Isn''t that a principle agreement that government will not become engaged in business affairs. I think this was done to prevent favoritism. Why have the republicans destroyed the foundation that our country was built on?

[hbevis]

In case no one knows they both were started by Roosevelt 60 or 70 years ago. And when the government let them be run by private Cooperations they have been getting into more and more trouble.

[popstom1]

You all got it wong Reagan dereglated banking