Acting head of Freddie Mac commits suicide

wtop.com ^ | 4/22/09 | staff

[True Republican Patriot]

I’ll ignore you as well! Bawnie Fwank and Chris “V.I.P.” Dodd and their Henchmen created and expanded the No BUM Left Behind Mortgage Scam with Clintooon in the Late 90s!
You blaming Bush is beyond the pale of Reason and Logic!
Have a great evening:-)

[True Republican Patriot]

Hi Floriduh Voter, his name was Donald Young who was the Choir Director at ZERO’S “HATE AMERICA and WHITEY” Church created by his Spiritual Mentor and Guide, Reverend Wright!
His death, an alleged “Suicide” and later revised to a Homicide, occurred around Nov.-Dec 2007. Larry Sinclair stated that he had been in contact with Young in the months prior to the untimely murder and that Youg was alleging an ongoing affair between himself and Zero which the Rev. was attempting to bring to an end. Hoping this is helpful:-)

[True Republican Patriot]

Sounds like the poor guy wasn’t playing ball following the rules dictated by Dead Fish and the others:-(

[Reverend Wright]

you’re right, my mistake

http://news.sky.com/skynews/Home/Business/Freddie-Mac-Boss-David-Moffett-Quits-After-Just-Six-Months-In-Charge/Article/200903115232569?f=rss

[True Republican Patriot]

AMERICA’S GREATEST NATIONAL TREASURE IS DICK CHENEY!!!
and of course LYNN CHENEY!!! May GOD CONTINUE TO BLESS THEM BOTH AND AMERICA!!

[MHGinTN]

Ditto! ... He is the adult that we do not have in the WH or even the entire current administration. And leaky Leahy is about to roll the affiramtive action poseur-in-chief in order to throw raw meat to the dangerous looney left who actually want the U.S. to be weaker, an also ran on the world stage! O bow ma is the greatest danger to this nation we've faced since Carter. And one could make the case that he's even more dangerous because the terrorists have extensive networks and funding now that they didn't have when Carter prostrated US before the Iranian Islamic maniacs.

It is not reassuring when a fool like Mort Kondrake calls for a 911 like commission to deal with what the presdient has decided to use as cover for his marxist destruction of this nation. The fix is in and the diversions are going to come faster and more insipedly as this bastard boy in the White HOuse and his dead fish prickery dig in to play their destructive ploys.

[dr_who]

That’s more or less what I was thinking.

[MHGinTN]

Thanks, but as a retiree fromt he pharmaceutical industry I’m still retaining some of the lingo, also. My obtuse clue/hint on McCoy comes from the Star Trek movie ‘The Journey Home’.

[river rat]

".........but calling for them all to end their lives says things about you that I hope aren’t true."

Believe me, no matter how horrific you think I may be -- it's probably very close to the truth.

I'm too damned old, independent and convinced of my correctness to change or sugar coat my thoughts.

If nothing else - I've earned the right to throw rocks and wish a POX on every Leftist in the Country -- in or out of political office.

And thanks for the -- "Good day". Every day I'm still upright is a good day, and one more day that some damned fine men didn't get, due in large part to some of the dumb asses in "Public Service".

Congress, Fanny Mae and Freddie Mac by virtue of what we now know of how recklessly and CORRUPTLY they conducted the country's business must be overrun with folks deserving to be terminated with extreme prejudice... If they did it themselves - I would applaud them, not mourn them.

[river rat]

I would love to see someone start a list of those Congress Critters and "Civil Servants" we feel would truly serve the "Public Interest" if they followed the example set by the head of Freddie Mac.

Within moments - the Admin. Moderator would kill the Post and suspend me again for suggesting it!

[Kimberly GG]

The only thing I dispute about your "Facts", is that it so obviously left out ANY responsibility on the part of the Bush Administration. We can close our eyes and repeat history, or, take responsibility for OUR party's role in the current crisis.

For Immediate Release Office of the Press Secretary June 17, 2002

President Calls for Expanding Opportunities to Home Ownership Remarks by the President on Homeownership St. Paul AME Church Atlanta, Georgia

Fact sheet Policy in Focus: Home-Ownership

11:10 A.M. EDT

THE PRESIDENT: Thank you all very much for that wonderful Atlanta welcome. It’s nice to be back in this incredibly important community.

You know, our nation faces a lot of huge challenges. Right now, we’ve got 60,000 troops fighting terrorism so that we can be free, all of us can be free. I appreciate so very much the resolve and unity and determination of this great land. I appreciate our military for their sacrifices. We’re also doing everything we can to secure the homeland, to make sure that those who hate us won’t take innocent life again.

President George W. Bush and new home owner Al Smith tour Pryor Road Corridor Development in Atlanta, Georgia, Monday, June 17. White House photo by Eric Draper. And as we work for a more secure world, we’ve got to work for a better world, too. (Applause.) And that means as we work on our security from possible attacks by terrorists, we also work on economic security. The two securities go hand in hand. Anybody who wants a job who can’t find one means we’ve got a problem. In Washington, they talk statistics all the time, and that’s important — people who count numbers need to make a living, too. (Laughter and applause.)

But my attitude is, if somebody can’t find work and they want to work, we’ve got to continue to work on expanding the job base. And part of economic security is owning your own home. (Applause.) Part of being a secure America is to encourage homeownership. So somebody can say, this is my home, welcome to my home.

Now, we’ve got a problem here in America that we have to address. Too many American families, too many minorities do not own a home. There is a home ownership gap in America. The difference between Anglo America and African American and Hispanic home ownership is too big. (Applause.) And we’ve got to focus the attention on this nation to address this.

And it starts with setting a goal. And so by the year 2010, we must increase minority home owners by at least 5.5 million. In order to close the homeownership gap, we’ve got to set a big goal for America, and focus our attention and resources on that goal. (Applause.)

And I picked a good man to help realize that goal, in Mel Martinez. I don’t know if you know Mel’s story, but — (applause) — it’s an interesting story. Mel was born in Cuba. (Applause.) Yes. Mel brought his cousins with him. (Laughter.) All two of them, anyway. (Laughter and applause.)

But Mel’s mother and daddy — Mel’s mother and dad put him on an airplane to come to America when he was a young boy, because they didn’t want his son growing up in a country that wasn’t free. Think about that, think about the courage of a mom or a dad, and their love for freedom — love freedom so much, they had put their child in the hands of loving Americans, and mom and dad eventually came. And here he now sits, as a member of the President’s Cabinet. What a great country we have. (Applause.)

My point is, Mel understands what it means to dream, and then to work to realize the dreams. I’ve also picked a fine friend of mine from Texas, named Alphonso Jackson, to serve as the Deputy of HUD. And where are you, Alphonso? There he is; I appreciate you. (Applause.) These are can-do people. So when we set a goal, they understand their job is to work toward that goal.

I also want to thank the Mayor of Atlanta, Georgia, Shirley Franklin, thank you for coming Madam Mayor. (Applause.) Much of the success of this program is going to depend — depends upon the ability for the federal government to work with state and local governments. And I know the Mayor has got a strong commitment to housing for all people, and to end the ownership gap. Madam Mayor, thanks for coming.

I appreciate as well Johnny Isakson and John Linder, members of the Georgia congressional delegation for coming today. Thank you all for being here. (Applause.) I want to thank Franklin Raines, of Fannie Mae and Leland Brendsel of Freddie Mac. Thank you all for coming. (Applause.)

Today I had the pleasure of seeing an entrepreneur’s work first-hand. An Atlanta citizen who also dreamt a dream, and that is to develop a piece of blighted property, so others could benefit from her vision and hard work. Masharn Wilson is here. (Applause.) She is a President and CEO — Masharn is the President and CEO of her own company. Part of the economic security is not only owning a home, part of it is if you have the entrepreneurial instincts is to own your own business, as well. (Applause.) So I want to appreciate you, Masharn. I appreciate your hard work.

And one other person I want to announce is a fellow named Darryl Hicks. Where are you, Darryl?

MR. HICKS: Right here.

THE PRESIDENT: There you are. Darryl Hicks is here. I want to — Darryl is — one of the things I remind our fellow citizens, if you’re interested in defeating evil, do some good. You see, we’re going to fight with our military, but we can also fight with our hearts. And a country which has been under attack can respond by loving your neighbor like you’d like to be loved yourself.

And this man right here is a fellow — Darryl Hicks — who works for Habitat for Humanity programs. He’s interested in lending his heart and his talents to helping a neighbor in need. America can be changed one heart, one soul, one conscience at a time, so long as we are willing to love a neighbor like we’d like to be loved ourselves. (Applause.)

I want to thank you, Darryl. I want to thank Darryl for being a soldier in the army of compassion. And I also want to thank Reverend Dr. Thomas Bess for opening up this beautiful church. You know, one of my passions is the faith-based initiative. It is important that Congress not fear faith-based programs, but welcome faith-based programs, so we can help change people’s lives. (Applause.)

I find it most interesting that we would be talking about how we help people in a church. After all, that’s why churches exist.

AUDIENCE: Mm-hmm.

THE PRESIDENT: And so I am — I want to thank the church staff for opening up this beautiful facility to the army which follows me around. (Laughter.)

I do believe in the American Dream. I believe there is such a thing as the American Dream. And I believe those of us who have been given positions of responsibility must do everything we can to spotlight the dream and to make sure the dream shines in all neighborhoods, all throughout our country. Owning a home is a part of that dream, it just is. Right here in America if you own your own home, you’re realizing the American Dream.

You know, today I went to the — to some of the home — met some of the homeowners in this newly built homes and all you’ve got to do is shake their hand and listen to their stories and watch the pride that they exhibit when they show you the kitchen and the stairs — so people like Ken Beatty, who is an environmentalist; or Al Smith, a probation officer; or Geary Jefferson a data base administrator; or Darrin West, an Atlanta police officer, Tamika Henry — Tomika Henry Cole.

These are all people that I’ve met; they’ve come over here today. They showed me their home. They didn’t show me somebody else’s home, they showed me their home. And they are so proud to own their home and I want to thank them for their hospitality, because it helps the American people really understand what it means.

And what we’ve got to do is to figure out how to make sure these stories are repeated over and over and over again in America. Three-quarters of white America owns their homes. Less than 50 percent of African Americans are part of the homeownership in America. And less than 50 percent of the Hispanics who live here in this country own their home. And that has got to change for the good of the country. It just does. (Applause.)

And so here are some of the ways to address the issue. First, the single greatest barrier to first time homeownership is a high downpayment. It is really hard for many, many, low income families to make the high downpayment. And so that’s why I propose and urge Congress to fully fund the American Dream Downpayment Fund. This will use money, taxpayers’ money to help a qualified, low income buyer make a downpayment. And that’s important.

One of the barriers to homeownership is the inability to make a downpayment. And if one of the goals is to increase homeownership, it makes sense to help people pay that downpayment. We believe that the amount of money in our budget, fully approved by Congress, will help 40,000 families every year realize the dream of owning a home. (Applause.) Part of the success of Park Place is that the city of Atlanta already does this. And we want to make the plan more robust. We want to make it more full all across America.

Secondly, there is a lack of affordable housing in certain neighborhoods. Too many neighborhoods, especially in inner city America, lack affordable housing units. How can you promote homeownership if people can’t afford a home?

And so what I’ve done is propose what we call a Single Family Affordable Housing Tax Credit, to encourage the development of affordable housing in neighborhoods where housing is scarce. (Applause.) Over five years, the initiative amounts to $2.4 billion in tax credits. And that will help. It will help a lot to build homes where people can — where when fully implemented, people will be able to say, I own my home.

A third major barrier is the complexity and difficulty of the home buying process. There’s a lot of fine print on these forms. And it bothers people, it makes them nervous. And so therefore, what Mel has agreed to do, and Alphonso Jackson has agreed to do is to streamline the process, make the rules simpler, so everybody understands what they are — makes the closing much less complicated.

We certainly don’t want there to be a fine print preventing people from owning their home. We can change the print, and we’ve got to. We’ve got to be wise about how we deal with the closing documents and all the regulations, but also wise about how we help people understand what it means to own their home and the obligations and the opportunities.

And so, therefore, education is a critical component of increasing ownership throughout America. Financial education, housing counseling, how to help people understand that there are unscrupulous lenders. And so one of the things we’re going to do is we’re going to promote education, the education of owning a home, the education of buying a home throughout our society. And we want to fully implement the Section 8 housing program, homeownership program. The program will provide vouchers that first-time home buyers can use to help pay their mortgage or apply to their downpayment.

Many of the partners today, many of the people here today, many of the business leaders here today are creating a market for the mortgages where Section 8 vouchers are a source of the payment. And that’s good — see, it’s an underpinning of capital. It helps move capital to where we want capital to go.

And so these are important initiatives that we can do at the federal government. And the federal government, obviously, has to play an important role, and we will. We will. I mean, when I lay out a goal, I mean it. But we also have got to bring others into the process, most particularly the real estate industry. After all, the real estate industry benefits when people are encouraged to buy homes. It’s in their self interest that we encourage people to buy homes. (Applause.)

And so one of the things that I’m going to talk about a little bit today is how to create a sustained commitment by the private sector that will have a powerful impact. First of all, we want to make sure that we help work to expand capital available to buyers, and as I mentioned, overcome the barriers that I’ve delineated, as well as provide the education component. In other words, this is not just a federal responsibility.

That’s why I’ve challenged the industry leaders all across the country to get after it for this goal, to stay focused, to make sure that we achieve a more secure America, by achieving the goal of 5.5 million new minority home owners. I call it America’s home ownership challenge.

And let me talk about some of the progress which we have made to date, as an example for others to follow. First of all, government sponsored corporations that help create our mortgage system — I introduced two of the leaders here today — they call those people Fannie May and Freddie Mac, as well as the federal home loan banks, will increase their commitment to minority markets by more than $440 billion. (Applause.) I want to thank Leland and Franklin for that commitment. It’s a commitment that conforms to their charters, as well, and also conforms to their hearts.

This means they will purchase more loans made by banks after Americans, Hispanics and other minorities, which will encourage homeownership. Freddie Mac will launch 25 initiatives to eliminate homeownership barriers. Under one of these, consumers with poor credit will be able to get a mortgage with an interest rate that automatically goes down after a period of consistent payments. (Applause.)

Fannie Mae will establish 100 partnerships with faith-based organizations that will provide home buyer education and help increase homeownership for their congregations. I love the partnership. (Applause.)

The Enterprise Foundation and the local initiative support corporation will increase efforts to build and rehabilitate more homes in inner cities at affordable prices by working with local community development corporations.

In my home state of Texas, Enterprise helped turn the once decaying ideal neighborhood of Dallas into a vibrant community, by building homes that were sold to residents at affordable prices. The National Association of Home Builders will team up with local officials, home builder associations and community groups in 20 of our nation’s largest housing markets, to focus on how to eliminate barriers, and encourage homeownership.

The Neighborhood Reinvestment Corporation will dramatically expand financial and home buyer education efforts to 380,000 minority families. The Neighborhood Housing Services of America will raise $750 million to promote homeownership initiatives in many communities. We’re beginning to use the Internet better, so that realtors all across the country will be able to call up programs all designed to help minority home buyers understand what’s available, what’s possible, and what to avoid. The National Realtors Association will create a central data bank of affordable housing programs, which will be made available to agents, real estate agents, to help people.

So these are some of the beginnings of a national effort. And I want to thank all those who are responsible for the organizations I just named for lending your talents to this important effort for America. You know, one of the things Presidents can do, is they can call the old conference. So I’m going to call one — (laughter) — just to make sure people understand, not only are we serious, but to let them check in. If they’ve signed up and said they’re going to help, this will give everybody a chance to say, here’s what I’ve done to help. It’s what we call accountability. (Applause.)

And so this fall, we’re going to have a White House conference. It is a White House conference specifically designed to address the homeownership gap. It is a White House conference that will not only say, what have you done to date, have you got any new ideas that we can share with others as well. I’m serious about this. This is a very important initiative for all of America. See, it is a chance for us to empower people. We’re not going to talk about empowering government, we’re talking about empowering people, so they have got choices over their lives. (Applause.)

I want to go back to where I started. I believe out of the evil done to America will come incredible good. I believe that as sure as I’m standing here. I believe we can achieve peace. I believe that we can address hopelessness and despair where hopelessness and despair exist. And listen, I understand that in this great country, there are too many people who say, this American Dream, what does that mean; my eyes are shut to the American Dream, I don’t see the dream. And we’d better make sure, for the good of the country, that the dream is vibrant and alive.

It starts with having great education systems for every single child. (Applause.) It means that we unleash the faith-based programs to help change people’s hearts, which will help change their lives. (Applause.) It means we use the mighty muscle of the federal government in combination with state and local governments to encourage owning your own home. That’s what that means. And it means — it means that each of us, each of us, have a responsibility in the great country to put something greater than ourselves — to promote something greater than ourselves.

And to me, that something greater than yourself is to love a neighbor like you’d like to be loved yourself. In order to change America and to make sure the great American Dream shines in every community, every community, we must unleash the compassion and kindness of the greatest nation on the face of the earth.

I’m honored to be here today. I want to thank you for your interest. God bless you all, and God bless America. (Applause.)

Yes Mr. Bush, it's what we call ACCOUNTABILITY!!

[EDINVA]

Since ‘00, Cheney has gotten to play and (I believe) thoroughly enjoy being the ‘bad cop.’ It’s the way it’s done, and why he probably selected himself as Bush’s VP ... get an underling to do your dirty work .. the job gets done, your hands stay clean.

I can’t imagine Cheney is out there without Bush cheering him on. History remembers little more than VP’s names (if that) .. but presidents’ names are etched in history. Cheney is way more clever than those who attack him. It’s great sport to watch.

[penelopesire]

Frankly, President Bush was trying to reign in Fannie and Freddie by his actions. There is nothing wrong with expanding home ownership in America. The problem was with the Democrats passing laws that required banks to provide loans to people with no income..no downpayment..no jobs!!

[STARWISE]

Shall I repost #340 for you ?

The President proposes, Congress disposes.

Are you blaming Pres. Bush for the lily-livered,
spineless Pubbie’s actions ...those who showed
themselves to be just as amoral and willing to
be bought by the lobbyists to win elections as
the Democrats?

[4Liberty]

Notice how quick the media and police peg the event a “suicide” — only hours after the event.

This guy is top banana at Freddie Mac, and we have massive insolvency problems. Trillions missing, MORE being loaned out with loose requirements, even now (ACORN helped write the bailout bill).

Why the haste to call it ‘apparent suicide’?

BTO (Belaboring the Obvious): If this were to occur under a Republican President it would be called an “untimely death,” and “questions” remain unanswered, “next Watergate,” yaddablah etc.

[bray]

I wrote this in Aug about the Fannie/Freddie corruption and now the CFO has committed suicide:

Now that Gov Palin impaled that DC pest, the Speckled Gasbag it is time to hunt bigger game. Foxy Lady has set up Maverick for the kill. The entire election is going to be determined by talking Corruption and how it affects this economy. If McCain is going to win the war, he will need to go against Senate rules and name names. If he wants to win he will have to tell who was stealing from the trough and how they were doing it. He will either be McDole or a Maverick. All the tunnels lead right back to Achmed Hussain Oblack and the DNC. How amazing in a debate Sarah Palin was able to throw off the bimbo label and put on her Columbo Coat to turn the tables towards DC.

America is so furious at the District of Corruption that they want heads on pikes and they don’t care who’s. Of course they want President Bush’s even though he is not the one who caused this one, yet he is in charge. Senator McCain knows what happened with Fannie Mae and needs to tell the tale with all the ugly details. He has to explain how Fannie was the DNC cash machine as well as a welfare slush fund for low end housing. He has to let America know that the corruption here was the first domino in the fall of Wall Street.
The fall of gummit enterprise Fannie/Freddie was caused directly by Franklin Raines and Jim Johnson cooking the books to give themselves bigger bonuses. They stole $150-200 million between the two of them in bonuses while causing 10s of millions from fines for falsifying the books. Course congress stopped the investigation when McCain asked. Same as Enron and the Dot Com bubble this was allowed with no oversight and damaging agendas from the Congress, especially Oblack/Dodd/Frank. Enron was convicted and Fannie/Freddie are being whitewashed.

Achmed Hussain Obummer received $126,000 from Fannie/Freddie in the two years that he was senator to help stop the investigations of them. Conversely, Maverick has received $8K in 30 years and attempted to investigate 2 years ago but was the lone howling wolf getting shot down by the Dems. This investigation would have found the books were cooked and perhaps avoided this meltdown. Obummer was the 2nd largest donee in the congress which is disgusting for only being there 2 years.

The reason Fannie was donating so heavily to DNC politicians is that they were running a corrupt risk shifting scheme. By congressional edict they were forced to take high risk loans w/o any underwriting to protect the loan. People were getting loans w/o jobs or any money down. This was done to allow people in houses that they couldn’t afford, and was a disaster waiting to happen and it did so here we are. This was a simple case of bad decisions caused by the District of Corruption. Maverick needs to point this out in the debate to put the fingerprints on congress, the DNC and Oblack. He needs to explain he and Gov Palin are the only ones in this race that will pursue the corruption in DC as well as Wall Street/Fannie/Freddie.

The final issue he needs to address is that he and Gov Palin are the only ones who can/will fight corruption. How can someone who is so involved in corruption fight it. He needs to point out that Raines and Johnson were deeply involved w/Obummer’s campaign and fund-raising amazingly enough, so how can someone swimming in the trough be expected to fight for us. McCuda are the only ones who can or will fight corruption in DC. He has been one of the few politicians that have consistently fought against spending and pointed out the need for an investigation just like pushing for the surge. He needs to say he will emphasize the need to clean the swamp of DC with the wolf hunter Gov Palin.

Between the need for lower gas prices and Fighting Corruption, these two issues have the people furious. Both of them are tied directly to the DNC and especially Black Whiteguilt Oblack. John McCain has to look right at America and tell them that they have been robbed by a corrupt congress over the past 2 years and need to elect people who will fight this corruption and vote out those who are dirty. The voters need to do it since congress won’t. He needs to tell Achmed directly that he is a corrupt politician and tell America if elected he will be the Sheriff with Deputy Palin to throw the crooks in jail. He needs to do that by looking right into the camera and telling the truth. That will ignite the rage that is in this Country to be his Heat Seeker flying up this Obogie’s tailpipe.

Pray for W, McCuda and Our Troops

[Diana in Wisconsin]

We’re nearing 600 POSTS on this topic!

Who the heck cares what I have to say? LOL!

(Made ya look!)

[lainie]

They need a certain number of voluntary tax slaves to buy them their power. They need a certain number of dependent slaves to keep them in votes.

And boy, do they have them.

[Candor7]

Suicide? Doubtful, or they would release the facts surroundingthe "suicide." My suspicion is that he was nurdered bhy fascists for threatening to spill some very stinky beans.

We have a fascist government.Any suicide is murder in my bools, until proven otherwise by the facts , stated frankly in public and uncensored.

I look forward t seeing the data on this "suicide."

The Obama purges have begun, as I predicted. Watch for more dem appointee deaths by accident, suicide, and food poisoning, and best of all the "heart attack".

Hitler and Mussolini did the same types of things.

[FTL]

William Colby – Former Director of the CIA. Begins work for small circulation magazine Strategic Investment, investigating the Vince Foster suicide. 27 Apr 1996 William Colby dies of hypothermia and drowning, canoeing in the middle of the night, at his home in Rockpoint MD. He did not mention any canoeing plans to his wife, nor was it normal behavior for him to engage in nocturnal caneoing adventures. Colby's body is not immediately located. 6 May 1996 William Colby's body actually found after the canoeing accident, lacking his usual life vest. It was found 20 yards from the canoe, after the area had been thoroughly searched multiple times.