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Obama wisely embraces Sarah Palin’s mortgage advice - pushes to end Fannie and Freddie
Canada Free Press ^ | August 7, 2013 | Robert Laurie

Posted on 08/07/2013 5:06:24 PM PDT by xzins

Back in September of 2008, Sarah Palin spoke at a Colorado Springs rally. During her address, she lamented the all-encompassing power of government sponsored mortgage giants Fannie Mae and Freddie Mac. She argued that a potential McCain administration would rein the companies in. As she put it:

“John McCain has been calling for years to reform things and cut bureaucracy, even at the lending agencies that our government supports. The fact is Fannie Mae and Freddie Mac have gotten too big and too expensive to the taxpayers. The McCain-Palin administration will make them smaller and smarter and more effective for homeowners who need help.”

She was, of course, pilloried for this. Virtually every mainstream media outlet pounced, accused her of ignorance, and reminded the American people that these were not taxpayer funded entities. Taxpayers simply weren’t a factor.

Then, under Barack Obama, taxpayers proceeded to dump $180 billion into Fannie and Freddie.

Now, even Obama himself is acknowledging that Palin had it right back in ’08. No, he doesn’t mention her by name, but his remarks during a recent “home ownership” address are telling.

Obama basically reiterated Palin’s comments, ...:

(Excerpt) Read more at canadafreepress.com ...


TOPICS: Editorial; News/Current Events
KEYWORDS: fanniemae; freddiefannie; freddiemac; obama; obamarecession; obamataxhikes; palin
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To: KC_Lion; xzins; onyx

I don’t trust Obama on this or any other thing that he says. He hates America and wants nothing good to happen to America.
His plans are not for the betterment of the USA.

I refinanced a year or so ago and found out that my mortgage before refinancing was assumed by Fanny and Freddie and it was a normal conventional loan. It was surprising to find that out. It was probably part of TARP. Nonetheless, it was done without my knowledge.


21 posted on 08/07/2013 6:12:24 PM PDT by RedMDer (http://www.dontfundobamacare.com/)
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To: RedMDer; KC_Lion; xzins; onyx

Many (if not most) lenders sell their mortgages to bundlers. Small, locally owned banks sometimes prefer to manage their own. That’s the case with our local bank, a small group of about a dozen banks here in southern Ohio


22 posted on 08/07/2013 6:17:23 PM PDT by xzins (Retired Army Chaplain and Proud of It! Those who truly support our troops pray for their victory!)
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To: RedMDer; xzins

Ubama knows what is best for you.......


23 posted on 08/07/2013 6:20:22 PM PDT by KC_Lion (Build the America you want to live in at your address, and keep looking up.-Sarah Palin)
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To: xzins

The only reason he would end them is to make it look like he is really trying to solve the problems while he destroys the housing market with some other tool which has yet to manifest very soon.


24 posted on 08/07/2013 6:21:48 PM PDT by sheikdetailfeather (Yuri Bezmenov (KGB Defector) - "Kick The Communists Out of Your Govt. & Don't Accept Their Goodies.")
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To: xzins

Mine is and was Wells Fargo but it was still classified a Fanny/Freddie. I don’t have any idea what Fanny/Freddie have to do with it. Maybe underwrite it and they didn’t to begin with as far as I know. We were in no danger of defaulting and I don’t think underwater.


25 posted on 08/07/2013 6:35:02 PM PDT by RedMDer (http://www.dontfundobamacare.com/)
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To: RedMDer

Wells Fargo sold it to Fannie/Freddie and F&F market bundles of them to high stakes investors from around the world. I don’t know how derivatives work, but they even play the derivatives game (or used to, anyway) with bundled mortgages.


26 posted on 08/07/2013 6:46:53 PM PDT by xzins (Retired Army Chaplain and Proud of It! Those who truly support our troops pray for their victory!)
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To: phockthis

From what I read he is still calling for gov’t backing of these bundled mortgages. Fannie and Freddie might be gone but the principle is still the same. Nothing is really changing. It will go bust again.


27 posted on 08/07/2013 7:12:36 PM PDT by CommieCutter
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To: xzins
There also needs to serious discussion about the cost of the Department of Homeland Security. Zer0 wants to increase it to $39 billion. Couple that with the cost of the National Security Agency. that estimates range in the $20 billion level(its real cost is kept hidden), and you have some real money being spent.

If Sarah Palin were President, the spending nonsense in the Federal Government would stop.

If we let the Hildebeast become President she would spend the taxpayer's money like a drunken sailer:


28 posted on 08/07/2013 7:20:34 PM PDT by jonrick46 (The opium of Communists: other people's money.)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

Thanks xzins.


29 posted on 08/07/2013 9:46:20 PM PDT by SunkenCiv (It's no coincidence that some "conservatives" echo the hard left.)
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To: KC_Lion

Yeah but sparky wants to continue to do exactly what FM and FM did... he just wants his communists to control the funds.

Sarah just wants the program killed and buried.


30 posted on 08/08/2013 4:16:26 AM PDT by LibLieSlayer (FROM MY COLD, DEAD HANDS!)
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To: Bullish

I take it you really like our President?

:-P


31 posted on 08/08/2013 12:52:09 PM PDT by MeganC (A gun is like a parachute. If you need one, and don't have one, you'll never need one again.)
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To: MeganC

Let me guess, Fannie to become Beyonce and Freddie to become Fifty-cent?


32 posted on 08/08/2013 12:53:12 PM PDT by A CA Guy ( God Bless America, God Bless and keep safe our fighting men and women.)
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To: A CA Guy

Fifty-cents is about what Fannie & Freddie have left!


33 posted on 08/08/2013 12:54:07 PM PDT by MeganC (A gun is like a parachute. If you need one, and don't have one, you'll never need one again.)
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To: MeganC

Follow the money. Follow the money.


34 posted on 08/08/2013 12:56:27 PM PDT by A CA Guy ( God Bless America, God Bless and keep safe our fighting men and women.)
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To: In Another Time...

She also warned of death panels with Obamacare. Watch the libs squirm and bob around that as well.

Liberals are the followers of anything that matches their reduced ability to think for themselves.


35 posted on 08/08/2013 12:57:34 PM PDT by eyedigress ((zOld storm chaser from the west)/ ?s)
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To: A CA Guy

Yes. If FM & FC were to shut down- who would stand to gain? Those who ended up with the bundled mortgages? After some "law" was passed to soften the blow to whatever investors would take over the assets, of course. And followed by Obama blaming 'fat cats' while being supported by them, doing their bidding, and again blaming Republicans for "the poor" being shut out of the housing market, etc.

What fresh hell have the figured they could cook up this time, to again have Democrat Party operatives get in on the looting of the U.S Treasury?

36 posted on 08/08/2013 2:25:47 PM PDT by BlueDragon (Post Tenebras lux)
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To: xzins

There has never been a more mature and knowledgeable leader than Gov Palin in the history of the United States


37 posted on 08/09/2013 9:09:29 AM PDT by SarahPalinForPresident2012 (And 2016 as well)
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To: SarahPalinForPresident2012

that’s some pretty high praise. :>)


38 posted on 08/09/2013 9:51:50 AM PDT by xzins (Retired Army Chaplain and Proud of It! Those who truly support our troops pray for their victory!)
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