Comments on: Limited Oversight Doomed Mortgage Giants

CBS News Investigation Finds Political Privileges Masked Fannie Mae And Freddie Mac Downfall

[egresor]

no jeff92706 it wasn''t loans to the poor that caused it. it was loans to get loans out that caused it. cause they knew they had a golden parachute with the government even it it did turn out bad

i want a golden parachute at my job too!
LOL

[oneworldusa]

Gee, I was a single young girl of 24 when I bought my house with no help or advice from anyone including mom and dad and I knew better than to get an adjustable mortgage.

Its the greed of the lender executives preying on the greed of the McMansions crowd that has caused the bulk of this mess.

[Netterz]

An additional reason that our economy has went into the sewer of the world, is because no one has had the nads to shove the lobbyists out of the White House. Pork Barrel spending is so far out of control, it isnt even funny. While billions are being pumped into the pockets of greedy political officials and there lobbying buddies, the American people are being financially crushed. Here in MI, we have been being Governed by an almost Completely DEMOCRATIC GOVERNMENT. We are at the worst we ever have been, highed foreclosure rate, highest unemployment rate, and highest loss of people per county IN THE ENTIRE USA. So if you like the ideals and plans that the Demolishion-crats have in mind for the country, take a close look at us. Between Gov Granholm, Sen''s Stabenow, and Levin, and of course, Kilpatrick, now a world wide name and embarrassment of not only Detroit, but all of MI, by all means, vote Dem.

[Netterz]

I think we got your opinion there nick... even tho part of your analysis may be correct, not all. The MAJOR problem was making loans to the poor, because what you call ''the poor'' work hard and deserve to have a chance at the American Dream. The main reason for this, is HOW they scammed the poor,(which used to be part of the lower end of the middle class scale) and stole what litte money they had. When the Gov''t started allowing creditors to start using the adjustable rate system, is when things headed for the crapper. They would lend the money, at payments the people could afford, then after a year or so, the payment doubled and in some cases tripled, out of reach for ANYONE to afford. Jobs went over the border, people lost there jobs, then there homes, due to the ARM''s. I doubt even YOU, as far up the class level could afford your home if the payments tripled with little or no warning at all. The creditors would tell the people that the ARM''s were only going to go up minimal amounts, maybe $25/$100 per month. NOT so far out of reach, no one could afford them. That is the reason you see 9 out of every 10 homes on a street tagged. So dont blame the ''poor''. At the rate things are going, everyone, including you, will be in the poor house, unless your home is paid off.

[nilent]

This is just a scam to help McCain win the election.

Rates will go up after November as will gas prices.

Meanwhile, it''s the ordinary American that will continue to be the cash cow for the con artists in charge.

Where did all that money go? You know, the trillions that were and continue to be lost due to the mortgage con job? That money didn''t just disappear, lots of people became filthy rich off of that scam......and now they get more taxpayer money to bail them out once again.

The government had no business setting these up.

Imagine an economy where if you lent money you actually had to HAVE THE MONEY TO LEND!!! What a radical concept.

If that means no 30 year mortgages; then so much the better.

Now the same crooks who made billions on the scam, will buy up all the foreclosed properties in time to pump things up again in time for the 2012 elections.

Don''t ya get it folks? We''re being played.

Meanwhile pollution and global warming just might kill the whole species in the next century.....but hey, what does John McCain care....he''ll be long gone by then eh? And Palin, hey, she don''t care either as she''ll be "Raptured" into heaven.

Where have all the brain cells gone? When will we ever learn?

[nilent]

This is just a scam to help McCain win the election.

Rates will go up after November as will gas prices.

Meanwhile, it''s the ordinary American that will continue to be the cash cow for the con artists in charge.

Where did all that money go? You know, the trillions that were and continue to be lost due to the mortgage con job? That money didn''t just disappear, lots of people became filthy rich off of that scam......and now they get more taxpayer money to bail them out once again.

The government had no business setting these up.

Imagine an economy where if you lent money you actually had to HAVE THE MONEY TO LEND!!! What a radical concept.

If that means no 30 year mortgages; then so much the better.

Now the same crooks who made billions on the scam, will buy up all the foreclosed properties in time to pump things up again in time for the 2012 elections.

Don''t ya get it folks? We''re being played.

Meanwhile pollution and global warming just might kill the whole species in the next century.....but hey, what does John McCain care....he''ll be long gone by then eh? And Palin, hey, she don''t care either as she''ll be "Raptured" into heaven.

Where have all the brain cells gone? When will we ever learn?

[nilent]

This is just a scam to help McCain win the election.

Rates will go up after November as will gas prices.

Meanwhile, it''s the ordinary American that will continue to be the cash cow for the con artists in charge.

Where did all that money go? You know, the trillions that were and continue to be lost due to the mortgage con job? That money didn''t just disappear, lots of people became filthy rich off of that scam......and now they get more taxpayer money to bail them out once again.

The government had no business setting these up.

Imagine an economy where if you lent money you actually had to HAVE THE MONEY TO LEND!!! What a radical concept.

If that means no 30 year mortgages; then so much the better.

Now the same crooks who made billions on the scam, will buy up all the foreclosed properties in time to pump things up again in time for the 2012 elections.

Don''t ya get it folks? We''re being played.

Meanwhile pollution and global warming just might kill the whole species in the next century.....but hey, what does John McCain care....he''ll be long gone by then eh? And Palin, hey, she don''t care either as she''ll be "Raptured" into heaven.

Where have all the brain cells gone? When will we ever learn?

[nilent]

This is just a scam to help McCain win the election.

Rates will go up after November as will gas prices.

Meanwhile, it''s the ordinary American that will continue to be the cash cow for the con artists in charge.

Where did all that money go? You know, the trillions that were and continue to be lost due to the mortgage con job? That money didn''t just disappear, lots of people became filthy rich off of that scam......and now they get more taxpayer money to bail them out once again.

The government had no business setting these up.

Imagine an economy where if you lent money you actually had to HAVE THE MONEY TO LEND!!! What a radical concept.

If that means no 30 year mortgages; then so much the better.

Now the same crooks who made billions on the scam, will buy up all the foreclosed properties in time to pump things up again in time for the 2012 elections.

Don''t ya get it folks? We''re being played.

Meanwhile pollution and global warming just might kill the whole species in the next century.....but hey, what does John McCain care....he''ll be long gone by then eh? And Palin, hey, she don''t care either as she''ll be "Raptured" into heaven.

Where have all the brain cells gone? When will we ever learn?

[nilent]

This is just a scam to help McCain win the election.

Rates will go up after November as will gas prices.

Meanwhile, it''s the ordinary American that will continue to be the cash cow for the con artists in charge.

Where did all that money go? You know, the trillions that were and continue to be lost due to the mortgage con job? That money didn''t just disappear, lots of people became filthy rich off of that scam......and now they get more taxpayer money to bail them out once again.

The government had no business setting these up.

Imagine an economy where if you lent money you actually had to HAVE THE MONEY TO LEND!!! What a radical concept.

If that means no 30 year mortgages; then so much the better.

Now the same crooks who made billions on the scam, will buy up all the foreclosed properties in time to pump things up again in time for the 2012 elections.

Don''t ya get it folks? We''re being played.

Meanwhile pollution and global warming just might kill the whole species in the next century.....but hey, what does John McCain care....he''ll be long gone by then eh? And Palin, hey, she don''t care either as she''ll be "Raptured" into heaven.

Where have all the brain cells gone? When will we ever learn?

[nilent]

This is just a scam to help McCain win the election.

Rates will go up after November as will gas prices.

Meanwhile, it''s the ordinary American that will continue to be the cash cow for the con artists in charge.

Where did all that money go? You know, the trillions that were and continue to be lost due to the mortgage con job? That money didn''t just disappear, lots of people became filthy rich off of that scam......and now they get more taxpayer money to bail them out once again.

The government had no business setting these up.

Imagine an economy where if you lent money you actually had to HAVE THE MONEY TO LEND!!! What a radical concept.

If that means no 30 year mortgages; then so much the better.

Now the same crooks who made billions on the scam, will buy up all the foreclosed properties in time to pump things up again in time for the 2012 elections.

Don''t ya get it folks? We''re being played.

Meanwhile pollution and global warming just might kill the whole species in the next century.....but hey, what does John McCain care....he''ll be long gone by then eh? And Palin, hey, she don''t care either as she''ll be "Raptured" into heaven.

Where have all the brain cells gone? When will we ever learn?

[nilent]

This is just a scam to help McCain win the election.

Rates will go up after November as will gas prices.

Meanwhile, it''s the ordinary American that will continue to be the cash cow for the con artists in charge.

Where did all that money go? You know, the trillions that were and continue to be lost due to the mortgage con job? That money didn''t just disappear, lots of people became filthy rich off of that scam......and now they get more taxpayer money to bail them out once again.

The government had no business setting these up.

Imagine an economy where if you lent money you actually had to HAVE THE MONEY TO LEND!!! What a radical concept.

If that means no 30 year mortgages; then so much the better.

Now the same crooks who made billions on the scam, will buy up all the foreclosed properties in time to pump things up again in time for the 2012 elections.

Don''t ya get it folks? We''re being played.

Meanwhile pollution and global warming just might kill the whole species in the next century.....but hey, what does John McCain care....he''ll be long gone by then eh? And Palin, hey, she don''t care either as she''ll be "Raptured" into heaven.

Where have all the brain cells gone? When will we ever learn?

[nilent]

This is just a scam to help McCain win the election.

Rates will go up after November as will gas prices.

Meanwhile, it''s the ordinary American that will continue to be the cash cow for the con artists in charge.

Where did all that money go? You know, the trillions that were and continue to be lost due to the mortgage con job? That money didn''t just disappear, lots of people became filthy rich off of that scam......and now they get more taxpayer money to bail them out once again.

The government had no business setting these up.

Imagine an economy where if you lent money you actually had to HAVE THE MONEY TO LEND!!! What a radical concept.

If that means no 30 year mortgages; then so much the better.

Now the same crooks who made billions on the scam, will buy up all the foreclosed properties in time to pump things up again in time for the 2012 elections.

Don''t ya get it folks? We''re being played.

Meanwhile pollution and global warming just might kill the whole species in the next century.....but hey, what does John McCain care....he''ll be long gone by then eh? And Palin, hey, she don''t care either as she''ll be "Raptured" into heaven.

Where have all the brain cells gone? When will we ever learn?

[nilent]

This is just a scam to help McCain win the election.

Rates will go up after November as will gas prices.

Meanwhile, it''s the ordinary American that will continue to be the cash cow for the con artists in charge.

Where did all that money go? You know, the trillions that were and continue to be lost due to the mortgage con job? That money didn''t just disappear, lots of people became filthy rich off of that scam......and now they get more taxpayer money to bail them out once again.

The government had no business setting these up.

Imagine an economy where if you lent money you actually had to HAVE THE MONEY TO LEND!!! What a radical concept.

If that means no 30 year mortgages; then so much the better.

Now the same crooks who made billions on the scam, will buy up all the foreclosed properties in time to pump things up again in time for the 2012 elections.

Don''t ya get it folks? We''re being played.

Meanwhile pollution and global warming just might kill the whole species in the next century.....but hey, what does John McCain care....he''ll be long gone by then eh? And Palin, hey, she don''t care either as she''ll be "Raptured" into heaven.

Where have all the brain cells gone? When will we ever learn?

[nilent]

This is just a scam to help McCain win the election.

Rates will go up after November as will gas prices.

Meanwhile, it''s the ordinary American that will continue to be the cash cow for the con artists in charge.

Where did all that money go? You know, the trillions that were and continue to be lost due to the mortgage con job? That money didn''t just disappear, lots of people became filthy rich off of that scam......and now they get more taxpayer money to bail them out once again.

The government had no business setting these up.

Imagine an economy where if you lent money you actually had to HAVE THE MONEY TO LEND!!! What a radical concept.

If that means no 30 year mortgages; then so much the better.

Now the same crooks who made billions on the scam, will buy up all the foreclosed properties in time to pump things up again in time for the 2012 elections.

Don''t ya get it folks? We''re being played.

Meanwhile pollution and global warming just might kill the whole species in the next century.....but hey, what does John McCain care....he''ll be long gone by then eh? And Palin, hey, she don''t care either as she''ll be "Raptured" into heaven.

Where have all the brain cells gone? When will we ever learn?

[nilent]

This is just a scam to help McCain win the election.

Rates will go up after November as will gas prices.

Meanwhile, it''s the ordinary American that will continue to be the cash cow for the con artists in charge.

Where did all that money go? You know, the trillions that were and continue to be lost due to the mortgage con job? That money didn''t just disappear, lots of people became filthy rich off of that scam......and now they get more taxpayer money to bail them out once again.

The government had no business setting these up.

Imagine an economy where if you lent money you actually had to HAVE THE MONEY TO LEND!!! What a radical concept.

If that means no 30 year mortgages; then so much the better.

Now the same crooks who made billions on the scam, will buy up all the foreclosed properties in time to pump things up again in time for the 2012 elections.

Don''t ya get it folks? We''re being played.

Meanwhile pollution and global warming just might kill the whole species in the next century.....but hey, what does John McCain care....he''ll be long gone by then eh? And Palin, hey, she don''t care either as she''ll be "Raptured" into heaven.

Where have all the brain cells gone? When will we ever learn?

[nilent]

This is just a scam to help McCain win the election.

Rates will go up after November as will gas prices.

Meanwhile, it''s the ordinary American that will continue to be the cash cow for the con artists in charge.

Where did all that money go? You know, the trillions that were and continue to be lost due to the mortgage con job? That money didn''t just disappear, lots of people became filthy rich off of that scam......and now they get more taxpayer money to bail them out once again.

The government had no business setting these up.

Imagine an economy where if you lent money you actually had to HAVE THE MONEY TO LEND!!! What a radical concept.

If that means no 30 year mortgages; then so much the better.

Now the same sob''s who made billions on the scam, will buy up all the foreclosed properties in time to pump things up again in time for the 2012 elections.

Don''t ya get it folks? We''re being played.

Meanwhile pollution and global warming just might kill the whole species in the next century.....but hey, what does John McCain care....he''ll be long gone by then eh? And Palin, hey, she don''t care either as she''ll be "Raptured" into heaven.

Where have all the brain cells gone? When will we ever learn?

[nilent]

This is just a scam to help McCain win the election.

Rates will go up after November as will gas prices.

Meanwhile, it''s the ordinary American that will continue to be the cash cow for the con artists in charge.

Where did all that money go? You know, the trillions that were and continue to be lost due to the mortgage con job? That money didn''t just disappear, lots of people became filthy rich off of that scam......and now they get more taxpayer money to bail them out once again.

The government had no business setting these up.

Imagine an economy where if you lent money you actually had to HAVE THE MONEY TO LEND!!! What a radical concept.

If that means no 30 year mortgages; then so much the better.

Now the same sob''s who made billions on the scam, will buy up all the foreclosed properties in time to pump things up again in time for the 2012 elections.

Don''t ya get it folks? We''re being played.

Meanwhile pollution and global warming just might kill the whole species in the next century.....but hey, what does John McCain care....he''ll be long gone by then eh? And Palin, hey, she don''t care either as she''ll be "Raptured" into heaven.

Where have all the brain cells gone? When will we ever learn?

[nilent]

This is just a scam to help McCain win the election.

Rates will go up after November as will gas prices.

Meanwhile, it''s the ordinary American that will continue to be the cash cow for the con artists in charge.

Where did all that money go? You know, the trillions that were and continue to be lost due to the mortgage con job? That money didn''t just disappear, lots of people became filthy rich off of that scam......and now they get more taxpayer money to bail them out once again.

The government had no business setting these up.

Imagine an economy where if you lent money you actually had to HAVE THE MONEY TO LEND!!! What a radical concept.

If that means no 30 year mortgages; then so much the better.

Now the same sob''s who made billions on the scam, will buy up all the foreclosed properties in time to pump things up again in time for the 2012 elections.

Don''t ya get it folks? We''re being played.

Meanwhile pollution and global warming just might kill the whole species in the next century.....but hey, what does John McCain care....he''ll be long gone by then eh? And Palin, hey, she don''t care either as she''ll be "Raptured" into heaven.

Where have all the brain cells gone? When will we ever learn?

[nilent]

This is just a scam to help McCain win the election.

Rates will go up after November as will gas prices.

Meanwhile, it''s the ordinary American that will continue to be the cash cow for the con artists in charge.

Where did all that money go? You know, the trillions that were and continue to be lost due to the mortgage con job? That money didn''t just disappear, lots of people became filthy rich off of that scam......and now they get more taxpayer money to bail them out once again.

The government had no business setting these up.

Imagine an economy where if you lent money you actually had to HAVE THE MONEY TO LEND!!! What a radical concept.

If that means no 30 year mortgages; then so much the better.

Now the same sob''s who made billions on the scam, will buy up all the foreclosed properties in time to pump things up again in time for the 2012 elections.

Don''t ya get it folks? We''re being played.

Meanwhile pollution and global warming just might kill the whole species in the next century.....but hey, what does John McCain care....he''ll be long gone by then eh? And Palin, hey, she don''t care either as she''ll be "Raptured" into heaven.

Where have all the brain cells gone? When will we ever learn?

[nilent]

This is just a scam to help McCain win the election.

Rates will go up after November as will gas prices.

Meanwhile, it''s the ordinary American that will continue to be the cash cow for the con artists in charge.

Where did all that money go? You know, the trillions that were and continue to be lost due to the mortgage con job? That money didn''t just disappear, lots of people became filthy rich off of that scam......and now they get more taxpayer money to bail them out once again.

The government had no business setting these up.

Imagine an economy where if you lent money you actually had to HAVE THE MONEY TO LEND!!! What a radical concept.

If that means no 30 year mortgages; then so much the better.

Now the same sob''s who made billions on the scam, will buy up all the foreclosed properties in time to pump things up again in time for the 2012 elections.

Don''t ya get it folks? We''re being played.

Meanwhile pollution and global warming just might kill the whole species in the next century.....but hey, what does John McCain care....he''ll be long gone by then eh? And Palin, hey, she don''t care either as she''ll be "Raptured" into heaven.

Where have all the brain cells gone? When will we ever learn?