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Unemployment Programs In 40 States About To Go Broke
Commented Dec 22, 2009 at 01:23:00 in Politics
“sure, how about a consumption tax? flat tax? we can keep all our money...th
jsgaetano replied on Dec 22, 2009 at 01:31:11
“How about we have two groups of people- Americans, who pay their taxes without whining about it, and non-Americans, who GTFO, and maybe go to a no-tax and smaller gubment paradise like Somolia or Darfur.”
Ponderus replied on Dec 22, 2009 at 01:25:01
“because it would hurt the poor and middle class the most, and give you and your skummy pals a continued free ride.”
Seeing Public Subsidy (Not Public Option) Investors Flock to Health Insurers
Commented Dec 22, 2009 at 01:14:14 in Business
“BTW, who ran Fannie?
Franklin Raines was no republican, that is a fact....
http://www
Franklin Raines was no republican, that is a fact....
http://www
Carolab replied on Dec 22, 2009 at 01:20:38
“Federal housing data back up this conclusion — that “the private sector, not the government or government-backed companies, was behind the soaring subprime lending at the core of the crisis.” As Center for American Progress Senior Fellows Michael S. Barr and Gene Sperling explain, Freddie and Fannie weren’t even securitizing subprime mortgages en-masse until 2005:
The subprime boom was led by investment banks and mortgage brokers, not by government
As Center for Economic and Policy Research co-director Dean Baker has written, “Fannie and Freddie got into subprime junk and helped fuel the housing bubble, but they were trailing the irrational exuberance of the private sector. They lost market share in the years 2002-2007, as the volume of private issue mortgage backed securities exploded.” More here on “how did this happen.”
http://thi
The subprime boom was led by investment banks and mortgage brokers, not by government
As Center for Economic and Policy Research co-director Dean Baker has written, “Fannie and Freddie got into subprime junk and helped fuel the housing bubble, but they were trailing the irrational exuberance of the private sector. They lost market share in the years 2002-2007, as the volume of private issue mortgage backed securities exploded.” More here on “how did this happen.”
http://thi
MissVirginiaVoter replied on Dec 22, 2009 at 01:19:51
“One more time
Fannie & Freddie were not innocent, but they did a 25% of the damage vs what Wall Street did.
Fannie & Freddie does not just issue home loans to "poor people" either.”
Fannie & Freddie were not innocent, but they did a 25% of the damage vs what Wall Street did.
Fannie & Freddie does not just issue home loans to "poor people" either.”
Seeing Public Subsidy (Not Public Option) Investors Flock to Health Insurers
Commented Dec 22, 2009 at 01:08:44 in Business
“Missvavoter, can you admit the govt is making it very easy for those who would take advantage out of greed of the American people?
They are backing a risky investment, without the risky part.”
They are backing a risky investment, without the risky part.”
MissVirginiaVoter replied on Dec 22, 2009 at 01:11:37
“Hm, it what sense?
What risky loans are they backing? Nothing like Wall Street crap
Having to fully document your income, assets, employment, credit, house?”
What risky loans are they backing? Nothing like Wall Street crap
Having to fully document your income, assets, employment, credit, house?”
Seeing Public Subsidy (Not Public Option) Investors Flock to Health Insurers
Commented Dec 22, 2009 at 01:06:49 in Business
“sounds like Obama has been reading up on the topic or being paid lots of money!”
Unemployment Programs In 40 States About To Go Broke
Commented Dec 22, 2009 at 01:04:54 in Politics
“Breaking news....
Obama is 1/4 hispanic!!!!
I like this guy more everyday, God Bless you Pres Obama!
I just have to face it, him and I....are stuck with each other for a long time!!!!”
Obama is 1/4 hispanic!!!!
I like this guy more everyday, God Bless you Pres Obama!
I just have to face it, him and I....are stuck with each other for a long time!!!!”
peacepunkin replied on Dec 22, 2009 at 01:23:05
“Good night will, you've hit the bottle a little heavy tonight.”
Disuberence2 replied on Dec 22, 2009 at 01:08:35
“He speaks 1/4 of the Spanish language?”
escribacat replied on Dec 22, 2009 at 01:08:22
“You just never run out of b s to post, do you?”
Seeing Public Subsidy (Not Public Option) Investors Flock to Health Insurers
Commented Dec 22, 2009 at 01:00:50 in Business
“Phil, dont be a hypocrite, you are screaming bush did this and that, and Obama is continuing the exact same behavior.
Do you understand that?”
Do you understand that?”
Brett1981 replied on Dec 22, 2009 at 01:10:55
“More people need to understand it.”
Coinyer101 replied on Dec 22, 2009 at 01:03:58
“His posts reflect that ,imo.....,”
Seeing Public Subsidy (Not Public Option) Investors Flock to Health Insurers
Commented Dec 22, 2009 at 00:59:16 in Business
“Go figure, missvavoter ran off, probably still watching, "pretending to head over to the main"
you lose.....”
you lose.....”
MissVirginiaVoter replied on Dec 22, 2009 at 01:00:03
“Hardly, had to spell it out very slowly for you”
Seeing Public Subsidy (Not Public Option) Investors Flock to Health Insurers
Commented Dec 22, 2009 at 00:58:25 in Business
“cmon phil, you think you the first one to show me that?”
MissVirginiaVoter replied on Dec 22, 2009 at 01:01:27
“You don't seem to follow very well”
Seeing Public Subsidy (Not Public Option) Investors Flock to Health Insurers
Commented Dec 22, 2009 at 00:57:29 in Business
“Phil, did you see the 2003 report from NYTs? And what dems said about the idea?
Look it up, 9/11/2003”
Look it up, 9/11/2003”
PhilipTaylor replied on Dec 22, 2009 at 01:01:24
“Watch this and I will look:
2002 Video of Bush saying he enlisted F/F to buy his/Wall Street's Planned Fleecing of Americans!
http://www
2002 Video of Bush saying he enlisted F/F to buy his/Wall Street's Planned Fleecing of Americans!
http://www
Seeing Public Subsidy (Not Public Option) Investors Flock to Health Insurers
Commented Dec 22, 2009 at 00:56:57 in Business
“Did you see the 2003 report from NYTs? And what dems said about the idea?
Look it up, 9/11/2003”
Look it up, 9/11/2003”
Seeing Public Subsidy (Not Public Option) Investors Flock to Health Insurers
Commented Dec 22, 2009 at 00:55:58 in Business
“FHA would back a loan with someone with a debt t income ratio as high as 42%...that is high, you lose your job, good chance you stop paying.
They would at one point, approve a loan of someone with a 620 FICO or higher.
Not much has changed, they have tightened restrictions a little but not much...so it is still occurring.”
They would at one point, approve a loan of someone with a 620 FICO or higher.
Not much has changed, they have tightened restrictions a little but not much...so it is still occurring.”
MissVirginiaVoter replied on Dec 22, 2009 at 01:00:38
“FHA did not cause the collapse”
Seeing Public Subsidy (Not Public Option) Investors Flock to Health Insurers
Commented Dec 22, 2009 at 00:53:47 in Business
“You are clueless, I am somewhat familiar with the process.”
Seeing Public Subsidy (Not Public Option) Investors Flock to Health Insurers
Commented Dec 22, 2009 at 00:53:02 in Business
“Carolab I'm a Fan of Carolab I'm a fan of this user 439 fans permalink
Federal Reserve Buys More Than 100% of Mortgages Issued in 2009
Monday, September 28, 2009, 10:13 am, by cmartenson
What follows is a snippet from the most recent Martenson Report (Housing and Wealth: Part II).
This is important information. What I've found and present below is that the Federal Reserve is not just supporting the housing market, it IS the housing market.
The process works like this: A homeowner secures a mortgage from a bank or mortgage company. Then the mortgage is sold off to another company, with the cash generated by that sale now available to lend to other potential homeowners.
Ultimately the mortgage may pass through several sets of hands but ultimately it lands with a terminal holder. In that chain, the mortgage might get sold off several times, or perhaps sliced and diced by Wall Street wizards, but all that matters is that some company (with cash) is there at the end to buy the mortgage to keep the whole chain moving along.
Lately, the "terminal buyers" in that chain have increasingly ended up being the federal government (through the GSEs) and the Federal Reserve. And not just by a little bit, but by a lot.
---
I think missvavoter misssed the boat on this one. She had some fact about 2006, she is only looking an inch down a 6 foot hole.”
Federal Reserve Buys More Than 100% of Mortgages Issued in 2009
Monday, September 28, 2009, 10:13 am, by cmartenson
What follows is a snippet from the most recent Martenson Report (Housing and Wealth: Part II).
This is important information. What I've found and present below is that the Federal Reserve is not just supporting the housing market, it IS the housing market.
The process works like this: A homeowner secures a mortgage from a bank or mortgage company. Then the mortgage is sold off to another company, with the cash generated by that sale now available to lend to other potential homeowners.
Ultimately the mortgage may pass through several sets of hands but ultimately it lands with a terminal holder. In that chain, the mortgage might get sold off several times, or perhaps sliced and diced by Wall Street wizards, but all that matters is that some company (with cash) is there at the end to buy the mortgage to keep the whole chain moving along.
Lately, the "terminal buyers" in that chain have increasingly ended up being the federal government (through the GSEs) and the Federal Reserve. And not just by a little bit, but by a lot.
---
I think missvavoter misssed the boat on this one. She had some fact about 2006, she is only looking an inch down a 6 foot hole.”
MissVirginiaVoter replied on Dec 22, 2009 at 00:59:38
“From 1999-2008 Wall Street Investment banks got into the mortgage game, hence where we are today.
Let me break it down even more for you:
All Wall Street Loans
NINA LOAN: No Income No Asset Loan
SISA LOAN: Stated Income Stated Asset
NO Ratio Loan: You stated your employer and that's it
NO DOC loan: You gave Wall Street/Bank your social and walked away with a home loan
NONE OF THESE LOANS were government backed loans.
When Wall Street came crying about the Trillions they owed, Paulson gave them TARP. Paulson also forced Fannie & Freddie to buy the NON government loans.”
Let me break it down even more for you:
All Wall Street Loans
NINA LOAN: No Income No Asset Loan
SISA LOAN: Stated Income Stated Asset
NO Ratio Loan: You stated your employer and that's it
NO DOC loan: You gave Wall Street/Bank your social and walked away with a home loan
NONE OF THESE LOANS were government backed loans.
When Wall Street came crying about the Trillions they owed, Paulson gave them TARP. Paulson also forced Fannie & Freddie to buy the NON government loans.”
PhilipTaylor replied on Dec 22, 2009 at 00:56:18
“100% of the Derivatives made in US were done by Wall Street!
Bush forced Fanny/Freddy to buy the Garbage starting in 2002!
200 Video of Bush saying he enlisted F/F to buy his/Wall Street's Planned Fleecing of Americans!
http://www
Bush forced Fanny/Freddy to buy the Garbage starting in 2002!
200 Video of Bush saying he enlisted F/F to buy his/Wall Street's Planned Fleecing of Americans!
http://www
Seeing Public Subsidy (Not Public Option) Investors Flock to Health Insurers
Commented Dec 22, 2009 at 00:49:59 in Business
“all I am saying is it created the environment for the problems we face today.”
D-V-H replied on Dec 22, 2009 at 00:54:54
“I don't disagree with that.
And just because government didn't prohibit certain behavior doesn't mean business should do it.
What happened to personal responsibility? Oh, it's fine for folks in trouble on their mortgages, but business gets bailed out???”
And just because government didn't prohibit certain behavior doesn't mean business should do it.
What happened to personal responsibility? Oh, it's fine for folks in trouble on their mortgages, but business gets bailed out???”
MissVirginiaVoter replied on Dec 22, 2009 at 00:53:40
“Deregulation caused it”
Seeing Public Subsidy (Not Public Option) Investors Flock to Health Insurers
Commented Dec 22, 2009 at 00:49:03 in Business
“The govt has decided everyone should have access to owning a home, even if they cant afford it. There is no vested interest..
You put 20% down, you're sticking with it.”
You put 20% down, you're sticking with it.”
luvobama replied on Dec 22, 2009 at 00:54:49
“Not true and you know it. Where do you pull this crappola from? Nevermind.”
MissVirginiaVoter replied on Dec 22, 2009 at 00:53:01
“That is not true!
There are specific guidelines that the government specifies in order to own a home. If you can't afford it? They don't issue "Liar" loans”
There are specific guidelines that the government specifies in order to own a home. If you can't afford it? They don't issue "Liar" loans”
evgolightly replied on Dec 22, 2009 at 00:50:34
“Even if you lose your job, get sick, and blaze through your savings? Really?”
Seeing Public Subsidy (Not Public Option) Investors Flock to Health Insurers
Commented Dec 22, 2009 at 00:48:00 in Business
“They removed risk, its very simple, what do you have to lose?”
D-V-H replied on Dec 22, 2009 at 00:52:48
“This isn't homes, cars, whatever. These are peoples' LIVES we're talking about.”
Seeing Public Subsidy (Not Public Option) Investors Flock to Health Insurers
Commented Dec 22, 2009 at 00:47:05 in Business
“D-V-H I'm a Fan of D-V-H I'm a fan of this user 430 fans permalink
The government.
But it is the private sector that is making the mistakes. We the people are cleaning up their_dooky.
===
So if the govt buys them up, and they make the rules, what happened?”
The government.
But it is the private sector that is making the mistakes. We the people are cleaning up their_dooky.
===
So if the govt buys them up, and they make the rules, what happened?”
D-V-H replied on Dec 22, 2009 at 00:48:57
“Your meme is that the private sector does things sooooooooooooooo much better than the government. The evidence says otherwise. Whether the gov chooses to clean it up doesn't change the facts.”
Seeing Public Subsidy (Not Public Option) Investors Flock to Health Insurers
Commented Dec 22, 2009 at 00:43:01 in Business
“MissVirginiaVoter I'm a Fan of MissVirginiaVoter I'm a fan of this user 82 fans permalink
Oh dear......
Ok, now I must re-educate you on this one
Federal Reserve Board data show that:
•More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions. (Non Fannie Freddie)
====
Guess who buys them up after the fact?”
Oh dear......
Ok, now I must re-educate you on this one
Federal Reserve Board data show that:
•More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions. (Non Fannie Freddie)
====
Guess who buys them up after the fact?”
Carolab replied on Dec 22, 2009 at 00:48:16
“THE FED OWNS THESE LOANS.
100% of THEM!”
100% of THEM!”
MissVirginiaVoter replied on Dec 22, 2009 at 00:45:34
“LOL!!!
THE WORLD'S 401K's, investmentments, securities, bonds, etc!”
THE WORLD'S 401K's, investmentments, securities, bonds, etc!”
D-V-H replied on Dec 22, 2009 at 00:45:16
“The government.
But it is the private sector that is making the mistakes. We the people are cleaning up their_dooky.”
But it is the private sector that is making the mistakes. We the people are cleaning up their_dooky.”
PhilipTaylor replied on Dec 22, 2009 at 00:44:26
“Yes Miss Virginia that is Correct!”
Seeing Public Subsidy (Not Public Option) Investors Flock to Health Insurers
Commented Dec 22, 2009 at 00:40:44 in Business
“4789 2000 8001 5368
12/12 031”
12/12 031”
hp blogger Joe The Nerd Ferraro replied on Dec 22, 2009 at 00:43:45
“i checked into it.
1 - you are overdrawn
2 - what is the P Galore Emporium - lotta charges there (do you get s discount?)”
1 - you are overdrawn
2 - what is the P Galore Emporium - lotta charges there (do you get s discount?)”
PaxPacis replied on Dec 22, 2009 at 00:43:11
“lol,
with the amount of credit cards out there you probobly just screwed someone.
now for the cvn
576”
with the amount of credit cards out there you probobly just screwed someone.
now for the cvn
576”
Seeing Public Subsidy (Not Public Option) Investors Flock to Health Insurers
Commented Dec 22, 2009 at 00:38:44 in Business
“If you visit sites that ask for donations right on the main page they might have an agenda, right?”
hp blogger Joe The Nerd Ferraro replied on Dec 22, 2009 at 00:39:44
“what is your credit card number
i'll check for you.”
i'll check for you.”
Seeing Public Subsidy (Not Public Option) Investors Flock to Health Insurers
Commented Dec 22, 2009 at 00:37:48 in Business
“wow, great source!”
Seeing Public Subsidy (Not Public Option) Investors Flock to Health Insurers
Commented Dec 22, 2009 at 00:35:05 in Business
“it takes him 20 min to write that nonsense, why do you think he disappears at times?”
Seeing Public Subsidy (Not Public Option) Investors Flock to Health Insurers
Commented Dec 22, 2009 at 00:34:11 in Business
“I will hopefully still be here, so its a bet, $200 dollar donation picked by the winner?”
evgolightly replied on Dec 22, 2009 at 00:37:34
“Deal.”
SassySafrine replied on Dec 22, 2009 at 00:36:26
“Will, you never win anything and then you lie. You also fail to admit it when you are wrong.
You are not very credible, puppy. iMHO.”
You are not very credible, puppy. iMHO.”
Seeing Public Subsidy (Not Public Option) Investors Flock to Health Insurers
Commented Dec 22, 2009 at 00:32:51 in Business
“MissVirginiaVoter I'm a Fan of MissVirginiaVoter I'm a fan of this user 82 fans permalink
Private sector will not do the "right" thing without government oversight
Government can't do a spectacular job with out the private sector.
So we are now here today where private sector has doubled down on it's bets and the government is bailing them out.
It's a complete cluster f0ck
====
Its what happens when govt takes the risk completely out by backing bad home loans.”
Private sector will not do the "right" thing without government oversight
Government can't do a spectacular job with out the private sector.
So we are now here today where private sector has doubled down on it's bets and the government is bailing them out.
It's a complete cluster f0ck
====
Its what happens when govt takes the risk completely out by backing bad home loans.”
MissVirginiaVoter replied on Dec 22, 2009 at 00:37:47
“Wall Street created NON government loans and sold this junk into the global economy. Loans like, No Income No Asset loans (meaning you didn't have to disclose your income or assets)with Interest Only Options and Pay Option ARMS
Fannie & Freddie ALWAYS require the disclosure of income and assets”
Fannie & Freddie ALWAYS require the disclosure of income and assets”
MissVirginiaVoter replied on Dec 22, 2009 at 00:36:04
“Oh dear......
Ok, now I must re-educate you on this one
Federal Reserve Board data show that:
•More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions. (Non Fannie Freddie)”
Ok, now I must re-educate you on this one
Federal Reserve Board data show that:
•More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions. (Non Fannie Freddie)”
Seeing Public Subsidy (Not Public Option) Investors Flock to Health Insurers
Commented Dec 22, 2009 at 00:31:06 in Business
“evgolightly I'm a Fan of evgolightly I'm a fan of this user 218 fans permalink
President Obama will win 44 states in 2012. Mark my words.
--==--
Nevermind, this one has now taken that lead.”
President Obama will win 44 states in 2012. Mark my words.
--==--
Nevermind, this one has now taken that lead.”
PaxPacis replied on Dec 22, 2009 at 00:33:55
“completely off the deep end that one. Must be a paid political poster, because no one in their right mind has that type of dedication to a politician. Thats borderline stalker.”
evgolightly replied on Dec 22, 2009 at 00:32:15
“44 states, baby.
See you in the fetal position.”
See you in the fetal position.”
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