Wall Street & Fannie Mae

Wall Street refers to the financial district of New York City, named after and centered on the eight-block-long street running from Broadway to South Street on the East River in Lower Manhattan. The Federal National Mortgage Association (FNMA; ), commonly known as Fannie Mae, was founded in 1938 during the Great Depression as part of the New Deal. 5.0/5

Wall Street Fannie Mae Chief Financial Officer Tim Howard Chief Executive Officer Freddie Mac Franklin Raines Jim Johnson Lehman Brothers Executive Officer Golden Parachute Under Pressure General Motors Barney Frank Chris Dodd Barack Obama Porter Stansberry

Don’t reform Fannie Mae and Freddie Mac into the grasp of Wall Street and big banks - The Washington Post
It’s cute that people blame Wall Street and not the government with Fannie Mae and Freddy Mac on the housing collapse.
Sign: "Fannie Mae: Stop selling our neighborhoods to Wall Street!"
Cornel, Barney Frank is the one who destroyed Fannie Mae and Freddie Mac - not Wall Street you ignoramus.
"Tom Nides, Vice Chairman at Morgan Stanley + a close Clinton confidant who is her main liaison to Wall Street". Fannie Mae of course
The National Federation of Independent Business reported on Tuesday that its small business optimism index for December rose to its highest level since February 2007. Thousands of cash strapped potential home buyers received good news yesterday from Fannie Mae and Freddie Mac who reported that low down payments are just a few days away. The Wall Street Journal suggests that the Federal Reserve may remove the low rates for a "considerable time" language from the Fed Statement.
What I am writing is 100% verifiable and based on empirical evidence. Arguing with facts makes one appear rather obtuse, so please be forewarned, I may not do many things well, but this topic is my forte. Minorities and the poor are being hurt right now and we must do something about it. The Democrats pushed for lower income Americans and minorities to have easier access to credit for a home mortgage. Through laws passed, with Republican objection and “No” votes, they forced banks to make loans traditionally not acceptable, or face fines and the inability to grow or even remain in business. Wall Street investment banks, looking for ways to rid themselves of this known risk, donated millions into Democrat campaigns and eventually won their goal of getting Fannie Mae and Freddie Mac to buy “Pools” (bundled loans) of mortgages. The investment banks created Specialized Investment Vehicles commonly referred to as Collateralized Debt Obligations, they capitalized on Credit Default Swaps backed by Ber .. ...
WASHINGTON -- Sen. Elizabeth Warren (D-Mass.) is dividing Wall Street critics in Congress by leading talks regarding a controversial Fannie Mae and Freddie Mac reform bill that some of her usual allies would prefer to abandon. Warren is negotiatin...
Write Down This Date: July 1st, 2014 On this date, U.S. House of Representatives Bill “H.R. 2847” goes into effect. It will usher in the true collapse of the U.S. dollar, and will make millions of Americans poorer, overnight. You now have just several months to prepare... Dear Fellow American, Hello. My name is Porter Stansberry. Fifteen years ago, I founded Stansberry & Associates Investment Research. It has since become the largest firm of its kind in the world. Today we have more paid subscribers than many of America's most popular newspapers, including Barron's and Investor's Business Daily. We specialize in financial research, and serve hundreds of thousands of paid subscribers in more than 120 countries. You may know of our firm because of the work we did over the last several years – helping investors avoid the big disasters associated with Wall Street's collapse. We warned people to avoid Fannie Mae and Freddie Mac, Lehman Brothers, General Motors and dozens of other companies that have sinc ...
(D.C. aka Da Cesspool) Oh, Ye, Suckers. Congressman Stymied in Promise to Undo Dodd-Frank Rules By Bloomberg News Service When Jeb Hensarling took over the congressional panel that spawned the Dodd-Frank Act, he vowed to roll back the landmark Wall Street law and eliminate government programs that backstop private markets. More than a year later, the Texas Republican is boxed in. His initiatives to undo banking rules haven’t won Democratic support. At the same time, his own party’s leaders, backed by industry groups that disagree with Hensarling’s purist free-market philosophy, have stymied his plans to abolish Fannie Mae (FNMA) and limit federal flood insurance. Now, Hensarling must choose again. His chances of making an impact as chairman of the House Financial Services Committee may turn on whether he loosens his opposition to two programs pushed by business lobbies and top House Republicans: government-backed terrorism insurance and loans for buyers of U.S. exports. “He’s isolated himself a ...
A major policy shift is underway at Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) with a change in regulatory focus. Regulators to focus on consumers The regulatory focus shift, first noticed in a Wall Street...
Jaw-Dropping’: Former U.S. Treasury Secretary Makes Bombshell Claim About Russia and 2008 Financial Crisis (and Why It May Sound Familiar) Mar. 18, 2014 12:39am Jason Howerton The Chinese “received a message from the Russians” back in 2008 suggesting a pact to sell Fannie Mae and Freddie Mac securities on the market, which would have nudged down the price of the debt of Fannie and Freddie and also maximized the chaos on Wall Street, a former U.S. official told BBC. It confirms a report that TheBlaze TV’s For the Record first aired back in September 2013. It’s a bombshell claim that only underscores the mistrust between the U.S. and Russia in a time when tensions are high. BBC’s Robert Peston describes the cynical relationship between the two nations as “deep, rooted in history” and one that shows that the “triumph of capitalism over communism wasn’t the end of the power game between these two nations.” Talking about the 2008 Financial Crisis, particularly the issues with Fannie Mae . ...
Sensex snaps five-day rally owing to profit booking • The leading Indian equity benchmarks broke a five-day winning streak with modest losses as some market participants chose to lock in gains • A drop in February – first in eight months – and fall in non-oil imports sparked fresh concerns about the health of the Indian economy • Worries about China’s growth outlook and a weak trend in European markets also weighed on the sentiment post the latest trade data • Shares of Tata Power, Reliance Power and Reliance Infra gained based on positive news flow Global Markets Update • The US stock indices edged lower in a quiet session on Tuesday amid lack of market-moving economic data. Investors are look ahead to next week’s FOMC meeting • Wall Street investors continued to ignore the prevailing geopolitical tensions between Russia and Ukraine over Crimea • Energy and materials stocks led the losses in the S&P 500 • JC Penney shares jumped after an Citigroup analyst upgraded the company's st ...
This week's economic calendar features a broad array of reports that span a big portion of the U.S. economy. Economic data kicks off on Monday with Personal Income, Personal Spending, and the inflation-reading Personal Consumption Expenditures. The ISM Manufacturing Index and the ISM Services Index will be released on Monday and Wednesday, respectively. Also on Wednesday, look for the Federal Reserve's Beige Book, which can serve as a helpful indicator to the Fed's decisions on monetary policy. In labor market news, the ADP Employment Report will be delivered on Wednesday, followed by weekly Initial Jobless Claims on Thursday. Worker Productivity will also be reported on Thursday. That leads us to Friday's Non-farm Payrolls and the Unemployment Rate, which will be closely dissected by both Wall Street and the Federal Reserve. Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposi ...
The Wall Street Journal reported last week that Fannie Mae posted an annual profit of $84 billion for 2013. Fannie also said that it would pay $7.2 billion to the U.S. Treasury next month, meaning Fannie and Freddie Mac will have paid more in dividends to the government — approximately $192.5 billion — than the $187.5 billion they received from the U.S. Treasury for their 2008 bailouts.
"The United States is fast racking up characteristics of a Third World nation. Its finances are Third World. Its president is Third World. Its banking integrity is Third World. Its absent industry is Third World. Its decaying cities are Third World. It urgently begs for a Third World currency, but that is soon to be remedied. The nation has been a freeloader on the global reserve currency for too long. That is about to end. For the last three years, the United States has been living in a fairy tale with bailouts from the vast bond monetizations. The Quantitative Easing with its amplified bond purchases and hidden channels to disguise higher volumes has been operating as an historically unprecedented Wall Street bailout and Fannie Mae fraud recycle room. Pressures are building. The USDollar held in foreign jurisdictions is beyond the legal authority of the USGovt, which cannot continue covering its debts with inflation spew in the grandest heretic experiment in history. The solution within the global curre ...
 border=
Morgan Stanley has agreed to pay $1.25 billion to the US government, and JPMorgan has been fined $614 million as a penalty for concealing the full risk associated with mortgage securities. Morgan Stanley “has reached an agreement in principle to resolve its mortgage-backed securities case… with the Federal Housing Finance Agency [FHFA] as conservator for Freddie Mac and Fannie Mae for $1.25 billion,” the bank’s securities filling said. According to FHFA, Morgan Stanley sold $10.58 billion in mortgage-backed securities to Fannie Mae and Freddie Mac during the credit boom, while presenting “a false picture” of the loans’ risks. The Morgan Stanley settlement with the FHFA will be the third-largest against a Wall Street firm, with the authority having filed a total of 18 cases overall, the Wall Street Journal reports. JP Morgan has so far paid the biggest fine of $4 billion, with Deutsche Bank second with a $1.93 billion bill. In a fresh settlement JPMorgan agreed to pay $614 million for violati ...
Although Obama claims to support the Occupy Wall St. movement, the truth is that he has raised more money from Wall St. than any other candidate during the last 20 years. In early 2012, Obama held a fundraiser where Wall St. investment bankers and hedge fund managers each paid $35,800 to attend. In October 2011, Obama hired Broderick Johnson, a longtime Wall Street lobbyist, to be his new senior campaign adviser. Johnson had worked as a lobbyist for JP Morgan Chase, Bank of America, Fannie Mae, Comcast, Microsoft, and the oil industry. Read more at
i continue to read articles about "the need" to reduce the level of Fannie Mae and Freddie Mac (GSE) involvement in mortgage lending. That our government is "too involved" in mortgages which continues to place the whole U.S. financial system at risk. That, what is needed is more private capital involvement in mortgage lending. And to get it, what we need Fannie and Freddit to do is increase their fees. What these proponents aren't saying is that Fannie Mae was established during the Great Depression as a simulant for a desparate economy and performed admirably until pressure first came from the the President and Congress, back in the 90's, to develop more liberal credit instrutments to promote homeownership. Remember Barney Frank pimping for Wall Street and their liberalized mortgage instruments and espousing "Every American a homeowner". The mess that ensued, by letting Wall Street and those commercial banks who acquired Wall Street investment banks to virtually control the mortgage industry, almost sank ...
Breaking News. Informaton below is from yesterday's Wall Street Journal. I was on air at 6:20 AM and the story did come out until after my appearance on NBC News. "Rep. Mel Watt (D., N.C.), the incoming director of the regulatory agency that oversees Fannie Mae and Freddie Mac, said Friday night he would delay an increase in mortgage fees charged by the housing-finance giants, which was announced earlier this month by that agency. Mr. Watt was confirmed by the Senate to head the Federal Housing Finance Agency on Dec. 10 and is set to be sworn in on Jan. 6, he said in an email on Friday. Upon being sworn in, "I intend to announce that the FHFA will delay implementation" of the loan-fee increases "until such time as I have had the opportunity to evaluate fully the rationale for the plan," he said in a statement. The FHFA signaled that it would increase certain fees charged by Fannie and Freddie that are typically passed on to mortgage borrowers on Dec. 9, on the eve of Mr. Watt's Senate confirmation. Earl . ...
From Jaymie Kelley: Dear friends, Congratulations! Thanks to huge public pressure against unfair Fannie Mae and Freddie Mac policies that prohibit negotiating with underwater homeowners, we won a major national victory last week when our pressure forced the Senate to change Fannie and Freddie's leadership. This is a major change that impacts half of all mortgages--including mine. When I started fighting for my home of 30 years, I knew that fighting Freddie Mac was going to be a challenge. But my neighbors stood with me, and I knew that together we would build enough pressure that Freddie Mac would have to work with me--even if we had to change federal policy to make it happen. And because of your support, we did. Can you contribute to take this work to the next level in 2014? My fight's not over yet, but your support has elevated my case to the highest levels of FHFA, and I believe that we will win. This year we've proven that when community comes together, we can win victories for individual families and ...
Hillary’s Odyssey From Senator Clinton’s tergiversations on Iraq to Secretary Clinton’s lies on Benghazi By Victor Davis Hanson November 4, 2013 National Review Online Hillary Clinton is no doubt a talented speaker. She recently went into what the left wing sees as the heart of darkness of the American 1 percent at Goldman Sachs, purportedly gave two brief chats, and walked away with a reported $400,000 in fees. Such compensation is almost as profitable as Hillary’s long-ago cattle-future trading, in which as a talented rookie speculator she beat one-in-several-million odds by parlaying an original $1,000 investment into a $100,000 profit. That Goldman’s shenanigans were central to the 2008 housing and financial meltdown — and were empowered, in part, by Bill Clinton’s own prior twofer of deregulating Wall Street and appointing to Freddie Mac and Fannie Mae greedy, though liberal, incompetents of the likes of James Johnson, Franklin Raines, and Jamie Gorelick — apparently meant nothing to ...
Hank Paulson: Another Financial Crisis Is 'a Certainty' Friday, 13 Sep 2013 12:41 PM By Glenn J. Kalinoski The crisis that brought the world to the brink of financial collapse five years ago could be repeated. That was the message from former Treasury Secretary Henry Paulson when he appeared before economists and bankers at the meeting of the Economic Club of New York this week. He played a crucial role in attempts to save the financial system following the bankruptcy of Lehman Brothers on Sept. 15, 2008. Paulson explained that he made mistakes during the crisis. "Almost every mistake was a communications issue," he said, adding that he is frustrated that Main Street doesn’t understand what he did "wasn’t for Wall Street; it was for them." Paulson listed reasons another crisis is a possibility, according to Bloomberg Businessweek. First, mortgage finance behemoths Freddie Mac and Fannie Mae remain government entities and it's politically problematic for the government to shrink them to a manageable si ...
Fannie, Freddie Future Finds a Focus The Wall Street Journal U.S. Chamber of Commerce Republicans and Democrats in the Senate have begun work on a measure that would replace Fannie Mae and Freddie Mac with a new "public guarantor" within five years. The Sens. Bob Corker and Mark Warner are leading the effort and two other Republicans, Sens. Mike Johanns and Dean Heller, and two other Democrats, Sens. Jon Tester and Heidi Heitkamp are working on the measure, which has not been formally introduced.
It's more complicated than this, the Republicans were supporting Wall Street's foray into subprime lending. Of course neither could foresee what was going to happen. From the book THE Financial Crisis OF OUR TIME The Causal Role of the GSEs Consider a world with the CRA and its companion legislation, but with- out Fannie Mae and Freddie Mac serving as a means whereby mortgage originators could dispose of their loans. Under these circumstances, the lender would be forced to keep all the loans it made in its portfolio for the life of the loans. In such a hypothetical situation, financial institu- tions might well have resisted pressure to collapse their underwriting standards and to make bad loans, because they would have borne the risk of those loans themselves. Instead, Fannie Mae and Freddie Mac provided eager outlets for lenders to dispose of the bad paper they were writing. They did this by compromising their own standards for purchasing loans, and they were spurred to do so by the regulatory regime th ...
A MUST READ. This came in email today.A must read for all you Obama lovers.A MUST READ. Where are Jim, Tim, and Franklin now? Just in case you might have wondered how their ineptitude affected their lives after they ruined so many dreams and lives. Where are Jim, Tim and Franklin now? Here's a quick look into the three former Fannie Mae executives who brought down Wall Street. Franklin Raines - was a Chairman and Chief Executive Officer at Fannie Mae. Raines was forced to retire from his position with Fannie Mae when auditing discovered severe irregularities in Fannie Mae's accounting activities. Raines left with a "Golden Parachute valued at $240 million in benefits. The Government filed suit against Raines when the depthof the accounting scandal became clear. Tim Howard - was the Chief Financial Officer of Fannie Mae. Howard "was a strong internal proponent of using accounting strategies that would ensure a "stable pattern of earnings" at Fannie. Investigations by federal regulators a ...
The Stock Market March 7, 2013 by Bob Livingston (I began publishing my monthly newsletter, The Bob Livingston Letter™, in 1969. The following is an excerpt from the March 2000 issue. I was one of the first writers to warn of the coming crash in the housing markets and lay the blame on the steps of Fannie Mae and Freddie Mac. I forecast exactly where we stand today.) The credit bubble is still growing — some day it will burst… Two biggies are Fannie Mae and Freddie Mac. Combined they have $1.6 billion reserves to cover 1000 times that much debt that they created. Add to this the credit being created by Wall Street and major corporations like GE Credit, GMAC, Ford Motor Credit, etc. Just get this: While the Federal Reserve has increased its reserves by $70 billion in the last 21 months, the above have created credit in excess of $521 billion. Mind you, these artists call debt “assets.” Economists are so used to calling debt “assets” until they are oblivious to the underlying horror. Do not b ...
The California Association of REALTORS® has called for a change in the leadership at the Federal Housing Finance Agency (FHFA). In a statement by C.A.R. President LeFrancis Arnold who stated “Fannie Mae and FHFA’s decision to move forward with the REO bulk sale in California amounts to another gift ...
The Background of the Present Communist Regime: The background of the mess in which you are right now goes far beyond the trouble with General Motors, the Wall Street bankers, or Fannie Mae and Freddie Mac. Since the days of “Slick Willie” Clinton (1994–2000), the main task of CBS, ABC, NBC, CNN, Time, Life, Newsweek, and National Public Radio has been to convince the American public that the greatest threats to the internal security of the nation are: A. “Racists” (i.e., white separatists; not black radicals). B. Street preachers (called “dangerous religious fanatics.”). C. “Straights” (meaning normal people who think sex perverts are fi lthy and disgusting). D. “Male chauvinism” (i.e., people who think the man should be the head of the household). E. Law-abiding citizens who stock up on guns and food: they are considered “potential terrorists.” F. Parents who use corporal punishment to discipline their children: they’re “child abusers.” Evidently the News Media has been i ...
For those who still insist that President Bush started the Wall Street and mortgage issue, check out this fact: In 1999, Fannie Mae came Under Pressure from the Clinton administration to expand mortgage loans to low and moderate income borrowers by increasing the ratios of their loan portfolios in distressed inner city areas designated in the CRA of 1977.[18] Additionally, institutions in the primary mortgage market pressed Fannie Mae to ease credit requirements on the mortgages it was willing to purchase, enabling them to make loans to subprime borrowers at interest rates higher than conventional loans.[18] DO THE RESEARCH YOURSELF INSTEAD OF DRINKING POISON COOL-AID!!! (AND GET A JOB!)
So what do people don't understand about 16 trillion in debt, with 6 trillion added under Obama. Now let me dispel it was Bushes spending that created the collapse in our economy. What did Bush do to drive GM and Chrysler into financial problems? Nothing. Derivaties, were created by mortage companies, Fannie Mae and Wall Street. Who encouraged bundling moetages, Fanny/Freddy. The CEO's for Fanny were two former democrat CEO's Jim Johnson and Frankie Raines, both involved in cooking the books to get bigger bonuses and encouraged lenders like Countrywide to write and securitize these derivates, by bundling good, mediocore and poor credit risks together. Johnson and Raines also borrowed mortages from Angelo at Countrywide as did Chris Dodd, Now when in 2003 Federal Regulators appeared before the House financial committee, Franks, Waters and the other black cacus members assailed the regulator stating it was unnecessay to change or rein in the GES agencies. (Freddy/Fannie) and mortage companies. Fannie was ba ...
NHL Stanley Cup Memorabilia from The Bradford Exchange Online
Democrats cause Financial Crisis on Wall Street. John Mccain warned against the practices of Fannie Mae and Freddie Mac in 2005, and tried to get a bill pass...
“We got back every dime we used to rescue the financial system, but we also passed a historic law to end taxpayer-funded Wall Street bailouts for good. “ someone said, but, Fannie Mae and Freddie Mac still owe you $140 Billion, General Motors $25 Billion GMAC $11 Billion, AIG $2.5 Billion, and there are more.
Forwarded email alleges that three former Fannie Mae executives accused of improprieties - Franklin Raines, Tim Howard, and Jim Johnson - went on to serve as top economic advisers to Barack Obama.
This is economist Dean Baker. In the good old days, we just had Fannie Mae, there was no Freddie Mac, nor were there mortgage-backed securities. Fannie Mae was a public company, no shareholders, just the government. And there were none of the privately issued mortgage-backed securities that blew up so spectacularly when the housing bubble collapsed. During this period we saw an unprecedented surge in middle-class and working-class homeownership. It was during the decades after World War II that a majority of the country became homeowners. Then in the late 60s we moved away from this simple system. We privatized Fannie Mae and created its sibling Freddie Mac as a quasi-public corporation. Both provided dividends and capital gains for shareholders and Wall Street pay for top executives, while giving the risk to taxpayers. During the 40-plus years that we opened up the system to the private sector, we have made almost no progress in expanding homeownership. It is reasonable to ask why we don’t just go back ...
Lee Alford And now a public campaign announcement from our 'wonderful' first lady: Michelle Obama appeared on a Washington D.C. radio station saying we are seeing a “huge recovery,” which her husband is responsible for. “Not only is the record huge, it’s so huge that all of his opponents should sit down and shut up….” Her husband was in the U.S. Senate from January 2005 through November 2008. During Obama’s time in the Senate, the warning bells were tolling with a loud rumble that mortgage giants, Fannie Mae and Freddie Mac were were in trouble and that trouble would spread far beyond the housing market and into general financial markets. And it did. And Democrats blamed banks (Wall Street). A huge deception – okay, a huge lie. Now that the words “subprime” mortgages are not on the minds of the American people, it’s beginning all over again – a whole new era of the Community Reinvestment Act (CRA), unchanged – perhaps worse, and Michelle Obama’s husband is bringing it to you if ...
The President constantly refers to the "failed policies of the past". all references to the 2008 housing bubble and economic crisis. Is he including FHA's loosening of down payment standards, or HUD's pressuring of lenders to extend mortgages to previously unqualified borrowers? Because if he is, these are policies resulting from the strengthening of the CRA by a DEMOCRATIC CONTROLLED CONGRESS. And, is he also referring to congressional leaders like Barney Frank (D) and Chris Dodd (D) who failed to moderate the effects of government sponsored FANNIE MAE and Freddie Mac and their rapid expansion through expanded purchases of nonprime loans to low-income applicants? Does President Obama really believe it was totally George Bush and Wall Street greed that led to our crisis?
If we got back every dime, then why do we owe China over $2 trillion? Why hasn't Wall Street, big banks, GM, Chrystler, Fannie Mae, Freddie Mac and many others paid back what they owe? If we got back every dime Obama borrowed, then why are we over $16 trillion in debt and almost $4 trillion in deficit? Why?.cuz Obama is a lying *** That's why!
Speaking of those Wall Street restrictions... Aka Dodd-Frank... Charles Schwabb said today that Dodd-Frank placed a lot of restrictions on Wall Street but none of those restrictions did anything to deal with what caused the crisis to begin with. I tend to believe Charles Schwabb since NOTHING was done about Fannie Mae and Freddie Mac...the heart of the crisis and nothing was done.
Oh My God! Bill O'Reilly is nothing but a populist dunce. He blames Wall Street "solely" for the 2008 financial meltdown without saying anything about the Community Reinvestment Act that caused the actual meltdown in the first place. This, even after O'Reilly's having covered the ridiculous excesses of Fannie Mae and Freddie Mac in the mortgage loan process continuously. This guy's starting to scare me he's so stupid. CONNECT THE DOTS BILL!
In the name of “affordable housing,” Congress passed the Community Reinvestment Act (1977) that required bankers to provide more sub-prime mortgages for people who would have difficulty making the payments. Moreover, the government-sponsored enterprises Fannie Mae and Freddie Mac spent several trillion dollars buying securities that were bundles of sub-prime mortgages. This spurred Wall Street firms to churn out those securities. Result: more and more people put all their money into a single asset – their house. They bid up housing prices until there weren’t any more buyers, and the housing market collapsed in 2008. As we know, the federal government subsequently spent trillions of dollars on housing-related bailouts. The Pew Research Center reported that black households lost more than half of their money. Hispanic households lost two-thirds. These were people supposedly helped by government spending.
Stefanie Beal shared Freedom From Mental Slavery's photo. Per Jo'Ann Cruz Chinea - Did you know? ***NBC Andrea Mitchell is married to Alan Greenspan (Federal Reserve), **CNN Gloria Borger is married to Lance Morgan of Powell Tate (which represents a bunch of the Military-Industrial complex companies), **NBC Chuck Todd is married to Kirsten Denny (a Professional for the DNC party), **NBC David Gregory is Married to Beth Wilkinson (who was a an executive at Fannie Mae). **CNN John King is married to Danna Bash (daughter of Stu Schwartz, an ABC News producer). **Anderson Cooper's great grandfather founded Jekyll Island, where in the Federal Reserve was planned. Fox is owned by Australian-American media mogul Rupert Murdoch (a criminal who was charged with phone hacking and wiretapping crimes). News Corporation is the parent company which is the second largest media group as of 2011 in terms of revenue, and the world's third largest in entertainment as of 2009. News Corp's U.S. holdings include Fox News, The ...
Jill Stein is a candidate that the other 90 million of us can get excited about. Picture the populist candidate Barack Obama once was in 2008, minus the financial support from Wall Street banks and oil companies, and the fawning coverage from Mainstream Media outlets. In her Green New Deal, she's vowing to end drone strikes, tightly regulate Wall Street, halt all government-funded construction of fossil fuel-dependent projects, and end all foreign wars and occupations. She unabashedly calls for higher top tax rates like we saw in the days of FDR and Eisenhower, and the immediate closure of corporate tax loopholes that bleed out billions to overseas, tax-free bank accounts where the elite have stashed anywhere between $21 trillion and $32 trillion. As president, she would appoint Supreme Court Justices who believe corporations are corporations, not people, and fight to get corporate money and influence out of the political process. She's even been recently arrested protesting Fannie Mae in Philadelphia. An ...
What Bill Clinton should have said was, "I left Barack Obama an economic mess when I ordered Fannie Mae to include 50% subprime loans in its portfolio that created a securities market that collapsed Wall Street and the economy followed, and his weak inept Keynesian model stimulus package hasn't been powerful enough to restore employment and revenues, not in 4 years, not in 50 years!"
Are you better today than 4 years ago? To me, the country is in much better shape. September 2008 saw the government bailout of Fannie Mae and Freddie Mac, the bailout of AIG, and the collapse of Wall Street. Soon after, Paul Ryan voted for the TARP bailout, remember?
George Bush gave Obama a twig, rubber-band, water gun, and a high-five. Then said "Go get us some terrorizors, and while your at it, get those brown lookin fellas back to work... oh, by the way we owe some money to asian. GM, Fannie Mae, AIG, Wall Street might need an allowance, nothing much... oh and lastly we only have enough money left in the budget to send our troops, to get that ring back to mordor".
 border=
See that debt clock? It all started in 2001, with the dot.com crash. Then we had 2 wars in Iraq and Afghanistan to pay for. Then the Medicare Advantage plan passed by Republicans and signed by Bush. An ease in housing credits thanks to Alan Greenspan at the Fed, as well as Fannie Mae and Freddie Mac. De-regulation-on-steroids of Wall Street banks and TARP funds to bail out foreign banks and corporations with no strings attached. A collapsing housing market that destroyed demand in this country. Outsourcing of unskilled labor jobs due to globalized marketplace, thus reducing the power of unions and illegal immigrants. What part of that is Obama's fault? I can't find it.
Okay NBC, MSNBC, CBS, ABC, I'm going to explain this to you one more time: In 2006 when Democrats controlled the entire Congrss, Barney Frank, and Chris Dodd who both sat on the Board of Fannie Mae and Frddie Mac, wrote and passed legislation that said, "All People Deserve To Own A Home". So they FORCED financial Institutions, to give loans to people working part-time at McDoalds for $7.50 an hour, to buy $300.000 homes, KNOWING those loans couldn't possibly be paid back. They then sold those loans to Wall Street banks, stating, "they are Government backed, i.e, should they default, we got your back. (it's why Wall Street got the bailout, Frank/Dodd lied!). Time to stop blaming it on Bush, it was 2 Democrats who were "trying to spread the wealth" , before Obama even threw his hat in the ring. One more example: Cash for Clunkers. People traded in 1986 Hyundais, and bought 2010 Cadillacs, and couldn't pay for them. CBO report: 65% of all cars bought in the program, REPOSESSED! George Bush or any other Repub ...
A candidate for president should not be judged by the color of his skin. To anyone who thinks this way, I say: Please do not reject Mitt Romney because he is white. There are so many, many better reasons. I think the recent news from Wall Street has made us all less tolerant and only reinforced the stereotype that white people are shiftless, thieving tax-dodgers. Take a look at the CEOs of Fannie Mae, Freddie Mac, AIG, and Lehman Bros. I know - the first thing that jumps to mind is the fact that they are all white, and they've all stolen LOTS of money. But you have to understand that these whites are the product of a society that made them this way. It was the neighborhoods, the schools they went to, and the government handouts they were given. They never learned the value of doing real, actual work; never experienced five minutes of physical labor. And the first step to fixing all of that is to find them better role models, so kids growing up white today don't think that the way out of Rhode Island is co ...
Here again is Wall Street trying to get their own way. DeMarco needs to go! "Why DeMarco Won’t Allow Principal Corrections Despite Instructions by Neil Garfield Housing Regulator Defies White House Obama's Next Move Unknown Editor's Comment and Analysis: It's unanimous! Except for DeMarco, the housing regulator who won't let Fannie and Freddie cooperate with principal reductions. Why not? "The Federal Housing Finance Agency's own analysis has shown that principal reduction could help up to 500,000 homeowners and save taxpayers as much as $1 billion, Geithner wrote to DeMarco. It could save Fannie Mae and Freddie Mac, the government-controlled mortgage giants that DeMarco is preventing from offering principal reduction, up to $3.6 billion, he said." The reason is that Fannie and Freddie are actually creatures of Wall Street. And under the now debunked too big to fail theory, a reduction of principal is bad. Mind you this reduction is only a correction to reflect two things: (1) the appraisals were fraud ...
A lot of blame has been spread around regarding the financial collapse and the onset of the Great Recession. Greedy speculators, big banks, Wall Street executives, and Fannie Mae and Freddie Mac have all taken turns as whipping boys. But one group has largely avoided their fair share [...]
Conservatives in the media have used the occasion of Rep. Barney Frank's retirement announcement to rehash old theories of how he, through his support for Fannie Mae and Freddie Mac, caused the subprime bubble and subsequent meltdown. In fact, Wall Street -- not affordable housing programs -- was th...
It was bad enough that the U.S. government risked trillions of taxpayer dollars bailing out banks, car companies, insurance companies, Wall Street firms, and Fannie Mae and Freddie Mac. We’ve even bailed out foreign banks and foreign countries (Greece).
Forget the spin that you've heard. Wall Street's actions led to the bailout of 2008. It wasn't the actions of Fannie Mae or Freddie Mac nor those of people buying houses they couldn't afford. The unvarnished truth is that Wall St. cratered the economy using a financial tactic known as credit default swaps. They would bundle and sell their debt to other firms that would replicate the process. This is what impacted the housing market. Wall Street firms created money that wasn't actually real. JP Morgan Chase lost over $2 BILLION in the last few weeks because of the cdfs. This is why they and some of their cohorts in Congress fight every attempt to prevent them from engaging in these types of practices. This is why Wall Street hates Dodd/Frank. WS doesn't want any rule(s) that would prevent them from engaging in unscrupulous financial practices. You say, "What does this have to do with me?" If you have a pension, IRA, home, etc, the actions of Wall St. have a direct impact on your financial stabi ...
Voting tomorrow? Here are just some of *** Lugar's past crimes: *** Voting for bailout after bailout, including the auto company bailout, the $700 billion TARP Wall Street bankster bailout, and saving Fannie Mae and Freddie Mac – two of the leading culprits behind the housing crisis; *** Voting multiple times to raise the debt limit instead of forcing cuts in spending – paving the way for today’s $15.6 TRILLION national debt; *** Voting for Medicare Part D, which put $16 TRILLION MORE in unfunded mandates on future generations and expanded entitlement spending more than any other program since the “Great Society”; *** Voting with Ted Kennedy to RAM “SCHIP” into law. This Big Government scheme – which is now 60% over budget - was designed to become a precursor to universal, government-run health care; *** Voting to create the inefficient Department of Energy, yet another massive government bureaucracy that cripples the free market; *** Voting to reconfirm Ben Bernanke as Federal Res ...
Tired of Liberals blaming the Wall St mess and the economy on Rep Pro-Deregulation Schumer Scores Bush for Lack of Regulation By JOSEPH GOLDSTEIN, Staff Reporter of the Sun | September 22, 2008 As Senator Schumer attempts to blame Wall Street's recent economic upheavals on a lack of regulation by the Bush administration, he may have some inconvenient facts to confront. Until the current credit crisis, Mr. Schumer had been a leading voice for deregulation: He has championed the repeal of a Great Depression-era law that prohibited commercial banks from underwriting securities; he has written an opinion piece calling for the Sarbanes-Oxley Act to be "re-examined," and he has opposed a bill that sought to reduce taxpayer risk in the event of a housing market slowdown by requiring Freddie Mac and Fannie Mae to sell their entire investment portfolios of about $1.5 trillion worth of mortgage assets. Mr. Schumer heads the Democratic Senatorial Campaign Committee, and with the presidential campaign closing amid un ...
Let's recap. 2000 election of Bush. After four years , Gov. Had increased in size by 616 Billion. We got Homeland Security, the Patriot Act, TSA, no child left behind, suspension of habeas-corpus, Medicare drug cost increase of 70 billion, and then came 2004 which brought us an 800 Billion Wall Street bail-out (Tarp) then add federalization of Fannie Mae and Freddie Mac. Overall budget increase of 44% -and more war! Wonderful stuff!
Donald Trump Supreme Court Justin Rose Steve Bannon President Trump Premier League Grand National White House Sergio Garcia North Korea Olivia Munn Hillary Clinton South Carolina Brian Matthew President Donald Trump Jordan Spieth Kendall Jenner South Florida Tomi Lahren Glenn Beck Reince Priebus Manchester United Eden Hazard Aaron Rodgers Rory Mcilroy Roll Hall Prince Harry Harry Styles Devin Nunes Jared Kushner Star Wars Ed Sheeran President Xi Jinping Neil Gorsuch Stephen Colbert Middle East Arctic Circle Coral Gables Vin Diesel Trump Tower Steve Perry Dade Police Department Justice Antonin Scalia Mutual Fund North Pole Mark Hamill Manuel Miranda Macchu Picchu Prime Minister George Soros San Francisco Chewing Gum Green Jacket Pippa Middleton Bryan Bickell Vimy Ridge Theresa May Stephen King Good Friday Hong Kong Manchester City President Bashar Stephen Harris Tiger Woods Augusta National Wall Street Nassau Coliseum Selena Gomez Dirty Dancing Diane Sawyer West Wing Trump Organization Antoine Griezmann London Marathon Zlatan Ibrahimovic New Zealand St Petersburg Rex Tillerson Jose Mourinho Taran Killam Rickie Fowler Jimmy Kimmel Julia Roberts Exxon Valdez Charley Hoffman Chinese President Xi Jinping Machu Picchu Daily News Meghan Markle Don Rickles Long Island Pearl Jam Leicester Tigers Marine Le Pen Mako Vunipola Lewis Hamilton Mike Bartlett Pointless Celebrities Stoke City Suki Waterhouse
© 2017