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Bankers urge gov't to pull plug on Fannie, Freddie ('a brain dead patient')
Fox Business ^ | 9/08/10 | Corbett B. Daly

Posted on 09/11/2010 4:46:09 PM PDT by Libloather

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Barney Frank: Fannie And Freddie Must Go
1 posted on 09/11/2010 4:46:12 PM PDT by Libloather
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To: Libloather
The jokes just write themselves, folks.
2 posted on 09/11/2010 4:47:27 PM PDT by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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To: Libloather

Yeah, pull the plug on Bwanny and Dodd.


3 posted on 09/11/2010 4:50:20 PM PDT by Paladin2
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To: Libloather

Gotta hurry and bury the evidence. This aint Waco, you can’t just burn it all up and claim ignorance!


4 posted on 09/11/2010 4:52:59 PM PDT by rawcatslyentist (Jeremiah 50:31 Behold, I am against you, O you most proud, said the Lord God of hosts.)
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To: Paladin2

Also pull the plug on the $1 Billion going to Mexico so they can drill in the gulf while our rigs are under a moritorium. I swear, this President is our to ruin this country.


5 posted on 09/11/2010 5:03:05 PM PDT by RC2 (Remember who we are. "I am America")
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To: rawcatslyentist

Bankers: Quick, gotta cover up our tracks! The Republicans are coming!


6 posted on 09/11/2010 5:03:40 PM PDT by o2bfree
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To: Libloather

I heard that Chase just lost a big lawsuit with Fannie regarding the lack of documentation Chase has on mortgages backed by Fannie.

Minor things like the lack of the actual title or signed mortgage paperwork.


7 posted on 09/11/2010 5:04:39 PM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: Lurker

More money for banker bailout loans!Get rid of bankers and the federal reserve so they/vultures have no pie to eat from.


8 posted on 09/11/2010 5:22:03 PM PDT by taxtruth
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To: Libloather
Flashback: Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam
9 posted on 09/11/2010 5:26:00 PM PDT by Vince Ferrer
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To: Libloather

The real problem here is they can’t shut it down. The purpose of Fannie and Freddie today has little to do with mortages, but to act as a conduit for Quantitative Easing.


10 posted on 09/11/2010 5:29:31 PM PDT by Vince Ferrer
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To: driftdiver
I heard that Chase just lost a big lawsuit with Fannie regarding the lack of documentation Chase has on mortgages backed by Fannie.

If true that's huge. Can you by any chance tell me where you read that?

Thanks.

L

11 posted on 09/11/2010 5:37:41 PM PDT by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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To: Libloather

Pull the plug on a financial rat-hole GSE sucking money out of our pockets for totalitarian crooks without anyone’s head on a pike? You financial oligarchs see no evil, hear no evil, speak no evil.


12 posted on 09/11/2010 5:58:23 PM PDT by PGalt
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To: taxtruth
"More money for banker bailout loans!Get rid of bankers and the federal reserve so they/vultures have no pie to eat from"

Another asinine remark from someone who has no clue of what he is talking about.

13 posted on 09/11/2010 6:02:19 PM PDT by TopQuark
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To: PGalt

Fannie and Freddie should die. But if they go on balance sheet, we will be FORMALLY revealed to have, by far, the highest debt to GDP ratio in the world. 90% is consider the breaking point, we are at 120%.

For the bank haters, you should know that Obama and the Dems have really screwed them over (Even under Bush).

Do some research. Look up John Taylor and the Community Reinvestment Act Coalition.

Taylor’s representatives visit all banks and demand that they invest in a fund called CRAIX. If they don’t, they get sued for racial discrimination and the labor unions and other deadbeats picket the headquarters and branches.

John Taylor has cleared at least $10 million for the fund.

He is an ex labor union “recruiter.” And out of Barney Frank’s district.

Look at a conservative college economics professor eat his lunch on Kudlow.

http://www.cnbc.com/id/15840232?video=1587245714&play=1


14 posted on 09/11/2010 6:08:13 PM PDT by whitedog57
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To: whitedog57

Thanks for the post/info/link. Good stuff.

My point is the bankers should be screaming for the heads of those who pushed these mandates on them, much like the states or we the people should be screaming for the heads of these collectivist’s representatives pushing fed mandates for mythical “victims”...instead of yukking it up with them...enabling totalitarians.


15 posted on 09/11/2010 6:35:00 PM PDT by PGalt
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To: Lurker

They should never have allowed the banks to sell their loans to these government agencies in the first place. If they wrote it, they should have to live with it, or find a willing buying in the private sector to take on the risk.


16 posted on 09/11/2010 6:39:46 PM PDT by Dem Guard (Obama's 57 States = The Organization of The Islamic Conference (OIC).)
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To: PGalt
My point is the bankers should be screaming for the heads of those who pushed these mandates on them,

"I'm the only thing standing between you and the pitchforks." President Obama, April 2009

17 posted on 09/11/2010 6:43:36 PM PDT by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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To: Lurker

Speaking of heads on pitchforks. Thanks.


18 posted on 09/11/2010 6:57:31 PM PDT by PGalt
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To: TopQuark

Another asinine remark from an idiot liberal on FR and FR has been invaded with these ASSWIPES for the past 10 years!
No wonder so many people have left this site.Stuff it pal!


19 posted on 09/11/2010 7:06:38 PM PDT by taxtruth
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To: PGalt
Happy to be of service.

L

20 posted on 09/11/2010 7:06:55 PM PDT by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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