Comments on: U.S. Takes Over Ailing Mortgage Lenders
Heads Of Fannie Mae, Freddie Mac Replaced; Companies Placed Into Government Conservatorship
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- I thought RINOs supported "Free market". Why the Tax Payer Welfare now?
Posted by nextGenMan at 06:18 PM : Sep 07, 2008
This Dem says "What free market?" the game was fixed by the Admin (Big Business/Oilso that we lose and Big brother gains - Reply to this comment
- I thought RINOs supported "Free market". Why the Tax Payer Welfare now?
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- The last time I say the numbers around 2006, China had 3.3 Trillions and Saudi Arabia had 5.1 Trillions of the U.S. Foreign Debt, respectively.
Posted by lovegetpeace at 03:36 PM : Sep 07, 2008
Remmeber when the USA was the LARGEST CREDITOR NATION?
Question: WHY??? Why did we lend out so much money? Because we just got color TV''s and found out the good guys wear white hats?????
NO!!!!!!!! Because we HAD to lend money to them to fund OUR HUGE TRADE SURPLUS!!! When we were a creditor nation, we also had more exports than imports. And the foreign countries DIDN''T HAVE THE MONEY to pay for all that stuff. SO WE LENT THEM THE MONEY to buy stuff from us.
NOW THE TABLES ARE TURNED, and the rest of the world is doing the same thing to us.
The only sinister plot is - remember the hyperinflation of the 1970''s? What effect did that have on the debt the foreign countries owed to us?
NOTHING!!!!!!! The dollar amount of the debt remained unchanged. BUT THE DOLLARS WERE WORTH ONLY ONE-TENTH OF WHAT A DOLLAR WAS WORTH WHEN THEY BORROWED IT.
They got to pay us back with literally DIMES ON THE DOLLAR. Sweet! For them...
Now we''ll play the SAME GAME ON OUR OWN CREDITORS.
THANKS, SUCKERS!!!!! HAHAHAHAHAHAHAHAHAAHAH....! - Reply to this comment
- The Bush administration is SUCH A BUNCH OF WHINERS!! The troubles with Fannie Mae and Freddie Mac are MENTAL BANK FAILURES!!! Just ask Phil Gramm - one of the sponsors of the Clinton-era legislation that CAUSED THIS FAILURE by removing the regulations that had been preventing EXACTLY THIS FAILURE FROM HAPPENING.
But remember, the economy is FUNDAMENTALLY SOUND. It is PERFECTLY NORMAL to see a massive failure of the LARGEST FEDERALLY-GUARANTEED HOME LENDERS IN THE COUNTRY.
Meanwhile, the investors are counting OUR MONEY all the way to the bank for all the loans that went bad.
Hey, regular gas is BELOW $3.50 A GALLON around here. WHAT ARE YOU WHINING ABOUT... - Reply to this comment
- The Bush Admin. strike again just as they did with the Savings and Loan of the 80''''s.
Posted by lochlan at 05:04 PM : Sep 07, 2008
THANK YOU for talking sense about the savings & loan comparison.
The savings & loans failed because they were UNREGULATED. Banks didn''t fail, the S&L''s did.
During the Clinton years, the home mortgage industry was deregulated to make them AT RISK OF FAILURE LIKE THE S&L''s did just a few years earlier.
And yes, Phil "Whiner" Gramm was right in there, making it a truly bipartisan money grab by greedy investors taking on righ risk (and HIGH RETURN) home loans, WITH A FEDERAL GUARANTEE of a bailout if their investment went sour.
WHAT A DEAL!!!! Guaranteed against loss, with a higher return due to the lower credit scores of the borrowers.
Your only mistake was blaming it on the Repulicans alone. This was a TRULY BIPARTISAN ROBBERY of the taxpayer. - Reply to this comment
- "Fannie and Freddie fulfilled the American dream, reports CBS News correspondent Tony Guida. Consumers took out loans from banks, which in turn sell those loans to Fannie or Freddie. Then the mortgage giants repackaged those loans and sold them to investors, guaranteeing the mortgages would be repaid."
The Bush Admin. strike again just as they did with the Savings and Loan of the 80''s. They knew banks were doing this, everyone knew. They lowered the Fed to 1% to drive people into the banks, and banks across the country all knew what to do, as their part of the scam. Give out loans to whoever. Congress made it acceptable through deregulation and just stood by and watched the whole fraud take fold, doing their part in the scam. Freddie and Fannie were the consolidators, and pushed them off on investors to get left holding the bag. Tax payers make up the difference and federally bail out both the mortgage giants and the homeowners who refinance with the new federally backed loans.
Oh, to be republican and so proud of the Bush Admn. organised crime ring. - Reply to this comment
- Folks,
The Government complete take over of General Motors and the Ford Motor Company will be next.
Viva Free Market Enterprises! - Reply to this comment
- Bush and his frinds just made the tax payer pay for the pay of the CEO''s of these two companies They made millions and we paid for it. Bush is the one who shoukd be sent out of the USA for GOOD, his dad too.
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- Posted by shanev137 at 04:30 PM : Sep 07, 2008
Excellent Point! You have a high IQ! - Reply to this comment
- Bush just doubled the size of our government again.
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- lovegetpeace thanxs
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- Posted by Hacker2xy at 03:33 PM : Sep 07, 2008
More than any other country in the world, Saudi Arabia diversification will have extreme impact on the dollar. - Reply to this comment
- Posted by Hacker2xy at 03:29 PM : Sep 07, 2008
The last time I say the numbers around 2006, China had 3.3 Trillions and Saudi Arabia had 5.1 Trillions of the U.S. Foreign Debt, respectively.
If China wants Taiwan, nothing USA can do. If a new Saudi Arabia dictatorship wants Israel eliminated, nothing USA can do.
THIS DIVIDED STATES OF AMERICA IS UNDER THE MERCY OF CHINA AND SAUDI ARABIA. - Reply to this comment
- CHINA too will have to diversify its holdings if it decides to loosen its currency''s firm link to the dollar a move toward revaluation When that happens, investors will take their cue. You are going to see a domino effect, from the world monetary authorities, to the traders, to market sentiment, to overall investment in the U.S.
In other words, central banks will sell their dollar-denominated assets (or not buy as many), and the dollar''s value will fall. Then foreign investors in the United States will see their returns plummet and take their money elsewhere....... - Reply to this comment
- the Japanese are holding as much as $715 billion in U.S. Treasuries, they cannot continue to bulk up he said. They are largely exposed to the decline of the dollar and its impact on their portfolio
Like any good investor, the Japanese will soon seek to diversify.. Japan is looking for a gradual way out of this overconcentration of dollar holdings, without disrupting the market.... - Reply to this comment
- Folks,
The U.S. Government took over the 2 largest mortgage lenders. Its another form of total and complete ''bail out''.
This is proof that the FREE MARKET ENTERPRISE WORKS IMPERFECT. In 1988, government bailed the Savings and Loans industry.
China has taught us all that CAPITALISM works best under COMMUNISM where workers have almost no rights and under the FIRM control of a CENTRAL GOVERNMENT.
VIVA LA SOCIALISM VICTORY OVER CAPITALISM IN THE DIVIDED STATES OF AMERICA! - Reply to this comment
- Privatize profits social losses; boy the rich have it good!!!
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- USSA! USSA! USSA!
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- WHAT else could those dumb enough to stand by and allow massive election fraud to put into office a guy who could not run a business even if his daddy and a relative of Osama Bin Laden gave him the money to start it EXPECT?
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- McCains ticket offers reform? Why no examples John McLiar?
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