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Posted on 12/09/2008 4:28:41 AM PST by Nick Thimmesch
WASHINGTON -- Lawmakers are poised to trade barbs Tuesday about who deserves most of the blame for the collapse and government takeover of mortgage finance titans Fannie Mae and Freddie Mac.
(Excerpt) Read more at washingtonpost.com ...
And this:
"Separately, in a report to be released Tuesday, a bipartisan commission chaired by former HUD Secretaries Henry Cisneros and Jack Kemp takes aim at the Bush administration for the foreclosure crisis. The report cites the administration's lax enforcement of fair housing laws and lackluster response for problems that have disproportionately hit poor and minority populations."
Equals" Bush's fault".
Bawney’s Phwank will do the questioning.
Somebody should just throw up Congress’s balance sheet and ask them where they get the balls to question anybody on the subject of fiscal responsibility.
Will they be examining Jamie Gorelick?
Let’s make Congress subject to Sarbanes Oxley and perp-walk them all out for what they’ve done with Social Security, Medicare, and Medicaid alone.
sarc/
It looks like Barney Frank’s Fannie Mae lover may now be a porn star. No kidding.
http://www.freerepublic.com/focus/f-news/2094109/posts
I also got this as a FReepmail recently in response to my thread about Herb Moses:
Re: Is this the Herbert M. Moses who is Barney Frank’s Fannie friend?
From Stevie1958 | 12/01/2008 10:04:59 AM PST read
The Barney Frank, Herb Moses quandry may be old news... however, Herb (aka Muscle Mike) is staying active as a porn actor and male prostitute and is featured in a new porn video released Nov 2008 titled: Forty Plus Stud 3.
It’s absolutely amazing that a person of this calibre was serving in such an influential capacity at Fannie Mae and had a 10 year relationship with a scum bag legislator. My guess is that Clinton and others who met Herb (in the company of Barney Frank) at the White House and Congressional events didn’t realize they were hobnobbing with a porno actor.
To me, the most critical component of this whole financial turmoil is WHY DID REAL ESTATE begin to drop in value in the first place (beginning around late 2006 and thru 2008).
I believe fervently that it was the 2005-2008 oil price hike shock - (with estimates that $200/barrel oil would become the norm) - that spooked business people, venture capitalists, financiers, and consumer home owner into selling off properties ....
... which caused the snowball (price decline) effect that ultimately caused banks and institutions to lose TRILLIONS in property-leveredged capital.
The economy was doing nicely at 3-4% GNP until the quadrupling of energy prices SUCKED away all the earnings and extra spending power of consumers and businesses alike.
It’s a show trial for ignorants, not really interested in solving anything. The good news is their drive-by parrot is on life support.
Gubbermint causes the crisis, gubbermint makes the crisis worse. The free pies aren’t going to last, it’s going to be along depression. Gubbermint make work jobs always end at the same place, the unemployment line.
When will they subpoena Bawney Fwank’s boy-toy Herb Moses?
I live in a private community with a homeowners association.
I am the president of this homeowners assoc.
The last president was in office for 4 years. Never kept a receipt, nor entered anything is any any log of any kind. Even when he wrote himself a $2600.00 check. In the memo he wrote for”reimbursement”. No receipts. Didn’t do the Taxes on the non profit organization either. Said he didn’t have to.
This assclown was a big wig at Fannie Mae.
With stupids like this is it any wonder they are belly up?
I understand understand the consequence of “Central Planning”.
The problem is how do you dislodge these cretin?
A simple look at Zimbawe will tell you how bad it really can get.
The difference is we can and will fight them before that happens here.
de Texas Fossil
What??? Are they blaming Bush for not pushing for loans for the poor and minorities? Or are they blaming Bush for not making the banks be more careful in who they lend to?
These guys are pulling excuses out of thin air. I'm sitting here just flabbergasted at the gall of these people. They will conduct this like the 9/11 investigation - do everything and anything to pin this whole freaking mess on Bush.
I doubt we will ever hear about how Pres. Bush tried to look into this years ago but was stopped by the Congress.
Bush's main weakness is that he never would hold televised oval office talks with the citizens of this country on TV and explain over and over again till it was drummed into our thick heads that there are problems and he wants to find solutions but the blockheads in Congress are fighting him tooth and nail.
Reagan would've been on TV every week with this mess and making sure that no one would be able to say it was his fault.
Something about ‘doomed’ when the voters figure out they can vote themselves anything they want from the public treasury. Supposedly, the Representatives would have the sense to stop short, but the Democrat Socialist see that they can rule if they play their cards right.
In the end it reduces itself down to — Why work when the pies are free. We may have to cycle the washer before we get it back on track.
According to a FReepmail I received:
HERB MOSES,
Barney Franks' Fannie Mae "husband",
stars in "Forty Plus Stud 3"
a new gay porn video released in November 2008.
According to a FReepmail I received:
HERB MOSES,
Barney Franks' Fannie Mae "husband",
stars in "Forty Plus Stud 3"
a new gay porn video released in November 2008.
From a previous thread:
To: Notwithstanding
Compare photo in #4 with
http://hotoldermale.com/gallery/detail.php?id=881
The same guy.
He was or is with Wells Fargo in Newport Beach, as a loan representative. Earlier this year he previewed an open house listing of mine, together with other loan agents from his office.
I think most traces of him with Wels Fargo are wiped clean.
90 posted on Thursday, October 09, 2008 4:32:31 PM by truth_seeker
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