 - A CERTAIN SMILE -
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.. Ping!
There IS a silver lining to this mess!
Why were they ever formed? Oh yeah, I forgot. More bogus promises from politicians that do nothing but create bureaucracies and enrich their cronies. Silly me.
“Why weren’t they downgraded years ago?”
Because US Gov has been providing a guarantee. This is no surprise—the guaranteed party or security is usually rated the same as the guarantor.
One word answer: "Barney".
Thanks STAR, I was a sec from posting.
Joe Biden: Blame Tea Party terrorists!
McCain: Blame the hobbits!
Bwarney Fwank: Blame military spending!
Barky: Tax the rich!
Looks like Wall Steet is leveling the playing field on the rich...
Barky and Geithner: Growing the middle class...one former millionaire at a time!
This will really help the mortgage business. I’d think it’s be a good bet since the government is paying off the investors. Then again, maybe the government is not planning on staying in business.
They should have been dismantled several years ago!!!
Tea Parties Fault.
Why weren’t they downgraded years ago?
______________________________________
Good question. I have another even more important question.
Why are we not investigating how Franklin Raines, Gorelick, and company cooked the books to get over 100 million dollars in bonuses making the entire situation worse. The statute of limitations is almost up and the mortgage debacle costs taxpayers hundreds of billions of dollars. Compare it to the aggressive investigation of Enron and Madoff.
Enquiring minds want to know. Where is Issa on this?
Democrats seek to pin credit downgrade on tea party
Partisan gridlock is real culprit, S&P says
Barf alert.
http://www.washingtontimes.com/news/2011/aug/7/democrats-seek-to-pin-credit-downgrade-on-tea-part/
If ANY of the ratings companies had a shred of integrity they wouyld have written Fannie and Freddie off 5 years ago. Instead they kept them and all the other banks and mortgage companies trading in wortrhless junk mortgages at AAA until the bottom fell out. Bunch of bums!
“Why weren’t they downgraded years ago?”
Apparently, some of the bond rating companies fired anyone in their companies, who dared to say/suggest that Freddie and Fanny should be graded as poor junk bonds. Rush confirmed this a week or two ago.
Personally, years ago, I down graded Fredie and Fanny years ago to a z-. At that time Bob Brinker, the pimps from Pimpco and other left wing investment pimps were still pushing these junk bonds.
In my opinion the fear of a Federal Government that act like a communists hell hole like Nazi Germany it would be hard to buck the power. America is in real trouble and at least half of the citizens are ignorant.
Does that aslo mean the usurper will be getting smaller kickbacks from Frannie/Freddie? Remember, as a junior senator, he was getting the greatest $$$ from them.
How The Democrats Caused The Financial Crisis: Starring Bill Clinton’s HUD Secretary Andrew Cuomo
http://www.youtube.com/watch?v=Lr1M1T2Y314
Democrats in their own words Covering up the Fannie Mae
http://www.youtube.com/watch?v=_MGT_cSi7Rs
Let’s remember this as well, the ‘suicide’ of Kellerman
http://www.youtube.com/watch?v=sO3jsULFemc&feature=related
Let’s go back just a tad this year to see the meme (Bad republicans re: F&F
Obviously, these people were stoned during 8th Grade Civics. They are getting their talking points directly from the thug of all thugs Axlerod.
And here's a little update on Rahm Emanuel for those not living in Chitown like me. He has pretty much told off every single local reporter. The guy has hubris like Zeus.
I never thought I'd pray for the days of Mayor Richard Daley... but Rahm makes Daley look like a Saint.
...would you lend money to these guys?
Neither would anyone else.
