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Congressman: Obama should unilaterally ‘refinance every home mortgage’ [VIDEO]
http://dailycaller.com ^

Posted on 10/22/2011 4:59:16 PM PDT by Sub-Driver

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To: COBOL2Java
Please. You think thats gerrymandered. Check out NC 12.



Bet you can't which party wins that district every election?
41 posted on 10/22/2011 7:09:07 PM PDT by CriticalJ (Suppose you were an idiot. And suppose you were a member of Congress.. But then I repeat myself. MT)
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To: CriticalJ

Gadzooks, that’s insane.


42 posted on 10/22/2011 7:13:37 PM PDT by COBOL2Java (Obama is the least qualified guy in whatever room he walks into.)
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To: Sub-Driver

with the $4Trillion obozo has wasted he could have bought every single family in the USA a $150,000 house


43 posted on 10/22/2011 7:14:23 PM PDT by Mr. K (We need a TEA Party march on GOP headquarters ~!!)
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To: Sub-Driver
Virginia Democratic Rep. Jim Moran told The Daily Caller on Thursday evening that President Obama should “refinance every home mortgage” without congressional approval in order to “reset the economy.” <<

I AGREE!...100%...I just don't think he has enough personnel money......but he should try till hes broke!

44 posted on 10/22/2011 7:28:46 PM PDT by M-cubed
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To: sauropod

He is also the nasty twit who wanted to rename Ronald Reagan National Airport to National Airport because he is a Democrat and he didn’t like Ronald Reagan.


45 posted on 10/22/2011 7:36:29 PM PDT by RightWingConspirator (Zerobama's bus tour: the Blunder Bus Tour)
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To: Sub-Driver

Rep. Jim Moran to Keynote CAIR Annual Banquet

On Saturday, October 15, the Council on American-Islamic Relations (CAIR) will hold its annual leadership skills training conference and banquet at the Crystal Gateway Marriott (1700 Jefferson Davis Highway) in Arlington, Va.

With the theme “Making Democracy Work for Everyone,” the evening banquet will feature Congressman Jim Moran (D-VA) and Imam Siraj Wahhaj as keynote speakers.

The day-long leadership conference will offer workshops taught by top trainers in their fields. Leadership conference sessions include counteracting Islamophobia and the anti-sharia campaign; answering tough questions about Islam; effective fundraisin; challenging scapegoating of Muslims in the 2012 election; public speaking; and a primer on how civil rights have changed in the last 10 years.

Registration for the banquet and the leadership skills training conference is available online at http://www.cair.com/banquet/

Last year the leadership conference and banquet sold out. No tickets are sold at the door, so register early to reserve a place.

Banquet tables for a family, business, mosque, or other group, may be reserved by calling 202-488-8787 or by e-mailing: banquet@cair.com . Space in the program book is available for advertisements to reach all banquet attendees. E-mail banquet@cair.com for a sponsorship form.

http://www.muslimlinkpaper.com/index.php/community-news/community-news/2776-rep-jim-moran-to-keynote-cair-annual-banquet.html


46 posted on 10/22/2011 7:45:09 PM PDT by 4buttons
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To: COBOL2Java
"Gadzooks, that’s insane."

Yes. And perfectly legal.

High Court Upholds N.C. Voting District
47 posted on 10/22/2011 8:03:59 PM PDT by CriticalJ (Suppose you were an idiot. And suppose you were a member of Congress.. But then I repeat myself. MT)
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To: CriticalJ
Please. You think thats gerrymandered. Check out NC 12.

The Top Ten Most Gerrymandered Congressional Districts in the United States

Illinois' 4th district is the winner.

Why can't all districts look like Wyoming's first district?


48 posted on 10/22/2011 8:06:12 PM PDT by KarlInOhio (Compare "Delay is preferable to error" - Thomas Jefferson // "Pass this bill now!" - Barack Obama)
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To: Sub-Driver

And some people wonder how National Socialism (Nazis) got hold.


49 posted on 10/22/2011 8:15:07 PM PDT by I still care (I miss my friends, bagels, and the NYC skyline - but not the taxes. I love the South.)
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To: Sub-Driver
"Congressman: Obama should unilaterally ‘refinance every home mortgage’"

Many like him would love to see property taxes remain too high, because their daughters' government jobs and pensions depend on the thievery. Let it go. Real estate is dead for decades anyway. If you want sustainable revenues, allow real property owners start small manufacturing businesses without local, yocal red (commie) tape.


50 posted on 10/22/2011 8:15:18 PM PDT by familyop ("Dry land is not just our destination, it is our destiny!" --Deacon character, "Waterworld")
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To: Sub-Driver

Obama can keep his muslim kenyan hands off my mortgage.


51 posted on 10/22/2011 8:42:24 PM PDT by lwoodham (There are 10 kinds of people, those who understand binary and those who don't.)
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To: KarlInOhio

“Illinois’ 4th district is the winner.”

Damn.

Does that district actually have two parts or is there a connection somewhere?

“Why can’t all districts look like Wyoming’s first district?”

Some of these state legislatures, while they are in Republican hands, should rewrite the rules on how to define districts. There should be some kind of ratio of length to width.


52 posted on 10/22/2011 9:13:58 PM PDT by CriticalJ (Suppose you were an idiot. And suppose you were a member of Congress.. But then I repeat myself. MT)
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To: CriticalJ; KarlInOhio
Does that district (Illinois' Fourth Congressional District) actually have two parts or is there a connection somewhere?

There is a very thin connection along Interstate 294 — probably about the width of the Interstate, plus one household on either side.

<sarcasm>VERY creative cartography.</sarcasm>

53 posted on 10/22/2011 9:27:17 PM PDT by ShorelineMike (Constituo, ergo sum.)
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To: Prokopton; JerseyHighlander

Never to late to fix things or a reset will happen all by itself anyway.

Banks sold all their mortgage to the GSEs, in other words the government (taxpayers) owns 90% of all mortgages (at a loss).

Banks now basically get their money for free from the Federal Reserve.

What to do?

Start a National Bank with interest free loans and make the Federal Reserve the bad bank to exist to pay off all the bad debts then abolish it, probably only take a couple generations to do that.

Lop off all mortgages by 50%-30% and adjust the monthly payments accordingly (investors take the same haircut).

Make all old and new loans interest free (fee based). Banks go broke, who cares? We have a national bank now working non-profit.

Everything is almost to the point of no return except of course the automatic reset that happens when Congress fails to act in a meaningful way. Much pain ahead, either way.


54 posted on 10/22/2011 10:11:27 PM PDT by Razzz42
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To: Sub-Driver

This is the White House’s strategy. They have floated this bubble a few times now. Now they are in league with OWS they are going to use this idea to bludgeon bankers.

It won’t just be the Jobs Bill. This will be “The bankers got all that bailout money but the average people got nothing. We need to adjust interest rates”.

Deep down inside, I agree. I disagree that Obama can or should do it unilaterally - and I’m not sure if even Congress can do it. But what I agree with is the idea. The TARP and other bailout money is not trickling down. And if you want to jump start this economy, a service economy, you have to figure out how to get money into people’ hands. If every household can save a couple hundred to a couple thousand a month on their mortgages, this economy will start to grow again.

I don’t know how you do it. The idiots in congress and the Fed Reserve put the wrong strings on the money they gave out. They made it harder for banks to lend, when they should be at least trying to make it easier to the best of their abilities. Some of it always will be out of their control.


55 posted on 10/22/2011 10:29:23 PM PDT by monkeyshine
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To: Sub-Driver

Did this idiot get go to sleep and wake up thinking we live in a dictatorship?


56 posted on 10/22/2011 10:33:41 PM PDT by Personal Responsibility (Get ready for an aberration of epic proportions! - Herman Cain 2012)
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To: Sub-Driver
This is how I feel about Moran's "plan" for mortgages:


57 posted on 10/22/2011 10:40:04 PM PDT by newzjunkey (Republicans will find a way to reelected Obama.)
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To: Sub-Driver

The main problem with people finding themselves underwater on their loans is not due SOLELY to the fact that the value of their homes is less than the value of the loan...it’s because the cards were stacked against them to begin with and it’s called the AMORTIZED LOAN!

If most had been paying on a simple interest note instead of a loan designed so that interest was heavily paid on the beginning of the loan and principal on the end. Most people who own a house on a 30 year note and have been paying for 10 years have very little real equity.

When things turn bad and they try to sell the house they then find that through the years they have hardly paid down their notes at all!

The government should outlaw all amortized loans period!


58 posted on 10/23/2011 5:33:12 AM PDT by DH (Once the tainted finger of government touches anything the rot begins)
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