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Fannie Mae brings back no-downpayment mortgages
blogs.ajc.com ^
| 6 Aug 2010
| Kyle Wingfield
Posted on 08/06/2010 8:33:00 PM PDT by smokingfrog
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To: smokingfrog
To: smokingfrog
3
posted on
08/06/2010 8:35:16 PM PDT
by
cranked
To: smokingfrog
Isn’t this the same bull**** that brought us to where we are right now? Damn DemocRATS!
4
posted on
08/06/2010 8:35:18 PM PDT
by
FlingWingFlyer
(The United States of America! aka The Big Pinata. Bash it and the goodies fall out.)
To: smokingfrog
The democrat Cloward and Piven plan...they didn't bring down the system the first time but they saw it did huge damage, so try, try again.
5
posted on
08/06/2010 8:39:16 PM PDT
by
highlander_UW
(Education is too important to abdicate control of it to the government)
To: smokingfrog
6
posted on
08/06/2010 8:41:49 PM PDT
by
Road Warrior ‘04
(I miss President Bush greatly! Palin in 2012! 2012 - The End Of An Error! (Oathkeeper))
To: FlingWingFlyer
Not really quite the same because now these properties are owned by the taxpayer.
If they can offload them, great. We see our liabilities as taxpayers decrease.
And if the buyer can't keep up the payments, I suppose they just revert back to the Gov't which has made some money (down payment, payment on principal, etc,) though I don't know the details on how that works.
To: smokingfrog
In order for an administration, in line with “social justice” concepts of redistribution, to redistribute wealth in the form of property, the govt. must obtain title to private property in order to redistribute it.
The subprime mortgage tool of practically nothing down to borrowers who are NOT expected to pay, provides the eperfect mechanism to transfer otherwise private mortgages, when foreclosed upon, to government hands (Fannie and Freddie) including the Fed Reserve through its purchase of Agency bonds.
The deliberate accumulation of private property by this mechanism seems designed only to serve the interests of “social justice” which seems to mean the redistribution of ALL wealth in the US, not just formerly private property.
The costs of the transfer are to be born by the taxpayers themselves being deprived of their property.....the amount is in the trillions.
8
posted on
08/06/2010 8:47:41 PM PDT
by
givemELL
(Does Taiwan eet the Criteria to Qualify as an "Overseas Territory of the United States"? by Richar)
To: smokingfrog
Economic insanity...
THANK YOU SIR, MAY I HAVE ANOTHER?
THANK YOU SIR, MAY I HAVE ANOTHER?
THANK YOU SIR, MAY I HAVE ANOTHER?
THANK YOU SIR, MAY I HAVE ANOTHER?...
9
posted on
08/06/2010 8:50:22 PM PDT
by
TruthHound
("He who does not punish evil commands it to be done." --Leonardo da Vinci)
To: FlingWingFlyer
Isn’t this the same bull**** that brought us to where we are right now? Shhh! No one is allowed to say that. We are only permitted to blame unspecified "Bush policies" that somehow "got us into this mess" and we are not permitted to dispute our Dear Leader when he makes this claim.
10
posted on
08/06/2010 8:54:12 PM PDT
by
denydenydeny
(You're not only wrong. You're wrong at the top of your voice. --Spencer Tracy, Bad Day at Black Rock)
To: 240B
This is deliberate. I have a difficult time believing it’s because someone is unqualified.
11
posted on
08/06/2010 9:00:15 PM PDT
by
HollyB
To: smokingfrog
Obama won’t be able to hide amongst 99 other senators this time.
12
posted on
08/06/2010 9:01:28 PM PDT
by
skr
(May God confound the enemy)
To: smokingfrog
Failed policies of the past.
13
posted on
08/06/2010 9:03:06 PM PDT
by
kanawa
(Obama - "It's going to take a while for us to dig ourselves out of this hole.'')
To: kanawa
14
posted on
08/06/2010 9:04:17 PM PDT
by
HollyB
To: smokingfrog
"This offer does not come from a subprime lender, looking to reel in thousands of unqualified and ill-advised homebuyers,..."Yes it does come from a subprime lender. The worst of the subprime lenders.
They're doing exactly what got us into this mess in the first place. Again...
15
posted on
08/06/2010 9:04:55 PM PDT
by
meyer
(Our own government has become our enemy,...)
To: smokingfrog
insanity. We are intent upon being a society enslaved by debt.
16
posted on
08/06/2010 9:13:08 PM PDT
by
Tempest
(I give up)
To: Tempest
“WE” are NOT...but, SOMEONE (or some group) is...
17
posted on
08/06/2010 9:43:12 PM PDT
by
goodnesswins
(WHEN DEMOCRATS LOSE.....America WINS!)
To: smokingfrog
18
posted on
08/06/2010 9:50:32 PM PDT
by
rbosque
(11 year Freeper! Combatages Economist.)
To: smokingfrog
Why not just give houses for free to ACORN members?
It would be cheaper.
19
posted on
08/06/2010 9:52:14 PM PDT
by
E. Pluribus Unum
("The only stable state is the one in which all men are equal before the law." -- Aristotle)
To: highlander_UW
The democrat Cloward and Piven plan...they didn't bring down the system the first time but they saw it did huge damage, so try, try again. --------------------------------
WAKE UP AMERICA
20
posted on
08/06/2010 9:59:14 PM PDT
by
BobP
(The piss-stream media - Never to be watched again in my house)
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