[He said with us heading toward lower interest rates, expect the sub-primes to reappear.]
Birds of a feather...
Posted on 11/24/2008 3:39:29 AM PST by drpix
ACORN is poison. Obama is a very big part of ACORN
George Bush did NOT push sub prime mortgages, it was Pelosi, Dodd, Frank and Schumer,,,and you need to put the blame where it really belongs. There would be no bailout if it weren’t for the democrats helping people who could not afford mortgages and should not have had them in the first place!!
CHECK The Date!!
Had me going also.
Dated Sept.20, 2004
Will Obama be a parallel? That’s the question.
Have we affirmatized the eschaton?
Thank you, palmer.
NOT CUTE! I almost lost it all after reading these headlines, since I'm one of the idiots who held on to Citi.
sw
". . . lending to increase affordable housing in areas where the Citibank Community Development and ACORN footprints coincide"
I told you all that the roots of this financial avalanche were in the issuance of subprime mortgages to illegal aliens, not yuppies yearning for McMansions and Lexus.
The MSM, the RINOs and the Democrats have done their best (and pretty successfully) to cover up this causality in their rush for more cheap labor and more Democrat voters, but the facts are there.*
*Realtytrak, Pew Hispanic Trust and many others
I hope someone (maybe a freeper) prints a list of all those that caused our current economic meltdown. A cohesive list and a simple description of each individual's "contribution" would be very effective in the next congressional elections. The list would have very few Republicans.
Lets see... Citigroup is one of the banking entities that are in serious financial trouble - and are crying for a bailout... so they sign a pact with a vile and corrupt group of “community organizers” (I laugh as I type that) who extort and defraud voters and communities - and have helped to bring down these banks...
A nice example of the business decisions that put this and many other banks in the trouble they are in.
I would hope that anyone who really cares about this country and has any moral conviction would completely divest anything they have with any part of Citigroup - accounts, investments, etc.
Ummm... In 2004, Bush was President. This agreement was in response to Bush's Partnership for Prosperity Agreement (with Mexico) and the resultant New Alliance Task Force.
Can you guess the recipients of said loans?
Note to self - do NOT do business with Citicorp. Ever!
"What's in YOUR wallet?"
Side note - TVA recently switched to Citi for their "business" travel card. They had been with Bank of America but that agreement will end at the end of November, 2008. If you know anybody that works for TVA, let them know of this 2004 relationship. And remember that TVA is a federal agency.
I have a Citibank card, But since I pay the balance every month ( a recent ability on my part) I cost them money.
AND NOW 300 BILLION MORE FOR CITIPERP.
RUN ON THE BANKS AND GET YOUR MONEY OUT
before they take your money out. These banks are thieves and vipers. Three hundred billion more for just ONE bank? Half a 700 billion dollar bailout?
Rape of America continues, we must fight back by taking our money out and letting Wallstreet crumble, before they pave Mainstreet over.
You are correct - George Bush did not push sub-primes.
On the other hand, in over 7 years he didn’t effectively push to eliminate them, to curb the excesses of the CRA, to defund ACORN, or stop racial preferences and the funding of unqualified buyers.
But George Bush did push the bailout on the word of Paulson and Bernanke who have since admitted that they were lying.
He was either a willing participant in the scam or was himself scammed by them.
And like it or not this series of massive, ill conceived handouts to millionares will forever be known as the Bush Bailout.
Can you spell SHAKEDOWN?
Just Wait a minute...John Snow (former Sec Treas) and Bush went to Congress, and pushed for the Democrats to stop lending with Freddie and Fannie, and told them it was going to cause financial problems. Barney Frank stood up and said that they were just fine, and they needed to do more lending.
Obviously you don’t understand how the Executive Branch works, it cannot MAKE the Congress do anything,,,we have three branches of government independent of one another...Executive, Judicial, Legislative. Now if the Congress (controlled by Dems for past two years), and in previous admin. 2000-2004 Bush went to them in 2001 stating same thing, no response. In fact, a couple of months ago FoxNews did a special on this very thing with the clips of Bush and Snow asking the Congress to stop the lending of sub primes...no deal.
As for the Rescue Plan, yes it appears not to be working, but it is working. You just don’t get it. Preferred Stock will end up being worth a lot more in three to five years, in fact a LOT MORE. Now, this will eventually work itself out, and when the next Republicans are in office they can sell that stock and be out of the banks forever. Bush was hoping Palin and McCain would be in office, so it’s an extra 4 yrs, but this will come out better than doing nothing. It may pay for the war. I hope that we don’t buy too many toxic mortgages, as paper is hard for dems to handle without making huge bearacracies to handle them.
What handout to millionaires?...I don’t see it the same way as the 40-1 had to be fixed, by the banks getting enough capital to hold at 12-1 in order to not fail later. There were five or six of those banks...now citigroup just soared 60% on the stock market today. I believe that Paulson and Bush are using free market principles to make money for you and I, and it will be alright...the stock market will level out. We are buying preferred stock just as any other investor, and there are NO GOVT SEATS OR VOTES on the Boards of the Banks...that isn’t “nationalization” where the government has seats and votes. Any intelligent person knows the difference.
Socialism was coming with the democrats,,,period. So they used the dems in congress to get the money to help the banks, and used it how it will eventually help the taxpayer. That’s a better way to use it, than ‘distributing the wealth’ to the lazy.
BUSH SAID he would veto any bill that gave ACORN any money, and it was removed from the Rescue Plan...and the House Republicans also balked.
Bush cannot make Congress or the Supreme Court do anything, and when you understand that, it will begin to make sense to you how government works. He and Snow put forth many efforts and Snow even testified to Congess telling them to stop Freddie and Fannie’s sub primes. We should be praying that Coleman and Chambliss win the Senate seats, or Congress dems can pass any thing they want without the Republicans being able to even filibuster.
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