If Sarah Palin were President, the spending nonsense in the Federal Government would stop.
If we let the Hildebeast become President she would spend the taxpayer's money like a drunken sailer:
Posted on 08/07/2013 5:06:24 PM PDT by xzins
Back in September of 2008, Sarah Palin spoke at a Colorado Springs rally. During her address, she lamented the all-encompassing power of government sponsored mortgage giants Fannie Mae and Freddie Mac. She argued that a potential McCain administration would rein the companies in. As she put it:
“John McCain has been calling for years to reform things and cut bureaucracy, even at the lending agencies that our government supports. The fact is Fannie Mae and Freddie Mac have gotten too big and too expensive to the taxpayers. The McCain-Palin administration will make them smaller and smarter and more effective for homeowners who need help.”
She was, of course, pilloried for this. Virtually every mainstream media outlet pounced, accused her of ignorance, and reminded the American people that these were not taxpayer funded entities. Taxpayers simply weren’t a factor.
Then, under Barack Obama, taxpayers proceeded to dump $180 billion into Fannie and Freddie.
Now, even Obama himself is acknowledging that Palin had it right back in ’08. No, he doesn’t mention her by name, but his remarks during a recent “home ownership” address are telling.
Obama basically reiterated Palin’s comments, ...:
(Excerpt) Read more at canadafreepress.com ...
I don’t trust Obama on this or any other thing that he says. He hates America and wants nothing good to happen to America.
His plans are not for the betterment of the USA.
I refinanced a year or so ago and found out that my mortgage before refinancing was assumed by Fanny and Freddie and it was a normal conventional loan. It was surprising to find that out. It was probably part of TARP. Nonetheless, it was done without my knowledge.
Many (if not most) lenders sell their mortgages to bundlers. Small, locally owned banks sometimes prefer to manage their own. That’s the case with our local bank, a small group of about a dozen banks here in southern Ohio
Ubama knows what is best for you.......
The only reason he would end them is to make it look like he is really trying to solve the problems while he destroys the housing market with some other tool which has yet to manifest very soon.
Mine is and was Wells Fargo but it was still classified a Fanny/Freddie. I don’t have any idea what Fanny/Freddie have to do with it. Maybe underwrite it and they didn’t to begin with as far as I know. We were in no danger of defaulting and I don’t think underwater.
Wells Fargo sold it to Fannie/Freddie and F&F market bundles of them to high stakes investors from around the world. I don’t know how derivatives work, but they even play the derivatives game (or used to, anyway) with bundled mortgages.
From what I read he is still calling for gov’t backing of these bundled mortgages. Fannie and Freddie might be gone but the principle is still the same. Nothing is really changing. It will go bust again.
If Sarah Palin were President, the spending nonsense in the Federal Government would stop.
If we let the Hildebeast become President she would spend the taxpayer's money like a drunken sailer:
Thanks xzins.
Yeah but sparky wants to continue to do exactly what FM and FM did... he just wants his communists to control the funds.
Sarah just wants the program killed and buried.
I take it you really like our President?
:-P
Let me guess, Fannie to become Beyonce and Freddie to become Fifty-cent?
Fifty-cents is about what Fannie & Freddie have left!
Follow the money. Follow the money.
She also warned of death panels with Obamacare. Watch the libs squirm and bob around that as well.
Liberals are the followers of anything that matches their reduced ability to think for themselves.
Yes. If FM & FC were to shut down- who would stand to gain? Those who ended up with the bundled mortgages? After some "law" was passed to soften the blow to whatever investors would take over the assets, of course. And followed by Obama blaming 'fat cats' while being supported by them, doing their bidding, and again blaming Republicans for "the poor" being shut out of the housing market, etc.
What fresh hell have the figured they could cook up this time, to again have Democrat Party operatives get in on the looting of the U.S Treasury?
There has never been a more mature and knowledgeable leader than Gov Palin in the history of the United States
that’s some pretty high praise. :>)
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