Comments on: Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis

By: 1ectoplasm

1ectoplasm — Tue, 20 Apr 2010 17:10:17 +0000

This practice …
This practice reduced the corner bank’s concern over the creditworthiness of the borrower, because the bank knew that it would be able to sell the mortgage to either Fannie Mae or Freddie Mac. Because so many bad mortgages were sold to Fannie and Freddie, their balance sheets were crippled, and the Federal Housing Finance Agency took control of them in 2008.

By: 1ectoplasm

1ectoplasm — Tue, 20 Apr 2010 17:10:17 +0000

These …
These quasi-government agencies provided the means for primary lending institutions (like your corner bank) to sell their mortgages, and with them, their risk. The idea was that if the bank didn’t have the mortgage on its books, then it could make another mortgage, thereby increasing the money supply.

By: 1ectoplasm

1ectoplasm — Tue, 20 Apr 2010 17:10:17 +0000

This second example …
This second example of intervention allowed borrowers to get mortgages at historically low costs, but when the Fed increased rates, the cost of getting a traditional mortgage or keeping an adjustable rate mortgage increased greatly, further contracting demand. The final and perhaps most important government influence in the housing market that led to the financial crisis was the creation of Fannie Mae and Freddie Mac in 1968 and 1970, respectively.

By: 1ectoplasm

1ectoplasm — Tue, 20 Apr 2010 17:10:17 +0000

The Carter mistake, …
The Carter mistake, the 1977 “Community Reinvestment Act” that was broadly expanded in 1993 by the Clinton administration . The housing bubble partly created by a forced easing of lending standards was exacerbated by the Federal Reserve, who dropped interest rates to very low levels for an extended period.

By: dogman95355

dogman95355 — Tue, 20 Apr 2010 17:10:17 +0000

Another fine …
Another fine example of Democrats acting their color.

By: 1Scrub1

1Scrub1 — Tue, 20 Apr 2010 17:10:17 +0000

Get these rotten, …
Get these rotten, thieving, lying, commie progressive bastards out of MY representative houses! For those of you libs that think concervatives are parroting a Fox News line.. WHAT IF THEY ARE? TELL ME WHERE THEY ARE WRONG? When people all say ‘It’s a sunny day’ Maybe it is, simply, a sunny day. EVEN IF Fox news says it also.

By: homertalk

homertalk — Tue, 20 Apr 2010 17:10:17 +0000

Maxine= CUNT
Maxine= CUNT

By: QuadSonicStereo

QuadSonicStereo — Tue, 20 Apr 2010 17:10:17 +0000

Barney Franks …
Barney Franks single-handedly bumbled his position and was directly responsible for the housing meltdown. Massachusetts send this incompetent fool home & give him a job more suited to his capabilities, I hear Massachusetts is short on speech-therapists. I am sure Barney would be as good in that position as the one he current holds.

By: brt929

brt929 — Tue, 20 Apr 2010 17:10:17 +0000

The result of …
The result of idiots posting. It seems to me Naked Emperor, you don’t even have a basic understanding of how Freddie and Fannie work- that’s why your little video is irrelevant.

You also deal in misrepresentations (such as calling Raines Obama’s financial advisor. Both deny it.)

What a LIE that McCain attempted to do ANYTHING about Freddie and Fannie. History is clear- he didn’t. The closest he came was to put his name on Lugar’s bill, that Rethugs never voted out of committee.

By: play2k2000

play2k2000 — Tue, 20 Apr 2010 17:10:17 +0000

Maxine Waters and a …
Maxine Waters and a slew of acorn candidates are the result of organized slander campaigns directed by “Community Organizers” against all opposition. THAT is what “organizing” is. They give us morons and puppets.