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 Posted: Fri Oct 10, 2008 2:03 pm Post subject: "This Election is about NOTHING! NOT-A-THING - reall y. S-T- |
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NOTHING!
======This Election is *really* ABOUT what?
NOTHING!
NOT-A-THING - really.
What are you *really* getting
from these political leaders?
NOTHING!
NOT-A-THING - really.
But the politicians want you to GIVE THE SYSTEM A VOTE
OF CONFIDENCE by voting.
This will allow our *lackadaisical* Canadian politicians
to continue to *PRETEND* that THE SYSTEM (that gives
them their pay cheque) IS LEGITIMATE.
For doing what for you?
NOTHING!
NOT-A-THING - really.
NEXT! Parliament:Zip!
================What will the NEXT! Parliament be ABOUT?
NOTHING!
NOT-A-THING - really.
Another RUDDERLESS Gov>t where MPs SIT AROUND on
their duffs YAWNING and picking their nose while doing
WHAT - for YOU and ME?
NOTHING!
NOT-A-THING - really.
What are you GETTING from these bozos?
Ask yourself that before you get the foolish notion of
going to vote.
NOTHING!
NOT-A-THING - really.
Why bother?
Prime Minister Harper: SERIOUSLY?
===========================Prime Minister. Harper promises employment insurance for
entrepreneurs - IF THEY QUALIFY, of course - few probably
will - rather than IMPROVING the employment insurance
program.
This promise will likely NOT! amount to much.
Prime Minister Harper: SERIOUSLY?
Remember when Mr. Harper promised to compensate
4000 Chinese Canadians for the Head Tax: after adding
EXTRA! conditions, ONLY! 400 were compensated.
Did he LIE?
He promised NEW! Canadians that they>d have their
education and work experience *fairly* evaluated
LAST! election.
One (1) WHOLE! YEAR LATER regarding this Election
promise Prime Minister Harper apologized for DOING
WHAT?
NOTHING!
NOT-A-THING - really.
How concerned was he - really?
NOT!
Mr. Harper wanted to PLUNGE! Canada into the VERY!
EXPENSIVE War in Iraq that is breaking the back of
the USA financially.
Whose speech did he use on March 20th 2003
to defend Canada>s participation in that USELESS!
war?
Someone else>s, the one the Prime Minister of Australia
used two days before.
Prime Minister Harper: SERIOUSLY?
US Involvement in PC Affairs
===================Did the United States Gov>t give them both the same
speech?
IT most certainly LOOKS LIKE IT.
His speech writer, Own Lippert, what>s his relationship with
the US Intelligence Community?
It has long been thought - by many like myself - that the USA
RUNS! the PC Party through the back door: is this PROOF?
Prime Minister Harper: SERIOUSLY?
150+ Canadian Corporations Sold
==========================Canada LOST! 150+ TOP FLIGHT CORPORATIONS
to foreign interests in Mr. Harper>s FIRST YEAR IN
OFFICE - ALONE!
That>s UNPRECEDENTED in economic World history
and significantly impinges on CANADIAN SOVEREIGNTY.
Can we count on Mr. Harper to *DEFEND* CANADIAN
SOVEREIGNTY?
DoN>T think so.
Historically, it has been the Liberal Party who has
DEFENDED Canada>s sovereignty THE BEST.
NOT! the PC Party.
Notably, Prime Minister Pierre Elliot Trudeau, using
FIRA: Foreign Investment Review Agency for which
he was vilified by the Americans because it effectively
*PROTECTED* Canadian BUSINESSES from being
swallowed up by foreign interests - namely American.
(Thanks to Prime Minister Trudeau, Canadians owned
PETRO CANADA: the ÉPC plans to NATIONALIZE it, have
Canada join OPEC, and keep the gas prices low.)
Prime Minister Harper: MORE! Military Spending?
=====================================Whereas Prime Minister Trudeau wanted Canada>s military
budget PEGGED! at $7 billion dollars, Mr. Harper has taken
it to the $35 billion dollar range and wants to take it to
$50 billion - apparently.
This benefits who? Canadians? NO!
The US Industrial Military Complex.
(Incidentally, the ÉPC intends to LIMIT! Gov>t military
spending to $10 billion and reduce the Security Budget
from $7 billion to less than a billion dollars.)
Evidently, the military counts for Prime Minister Harper,
but NOT the cultural industry of Canada REDUCING! Gov>t
financial SUBSTANTIALLY in the cultural sector hurting
the Canadians artistic community.
(The ÉPC intends to PROMOTE and FULLY! SUPPORT
FINANCIALLY the Canadian *multicultural* artistic
community paying special attention to the French,
First Peoples, and Métis FORGING A STRONG! VIBRANT
Canadian culture.)
Prime Minister Harper Home-Buy Election Promise: CRUMBS!
===============================================Mr. Harper promises a TAX CREDIT for first time home-buyers
on their first $5000. THAT>S *ALMOST* NOTHING.
Child Care: NOT! MUCH There Either
============================Prime Minister Harper proposes a $100 a month tax credit
for child care while the Liberals are proposing to pay parents
a *measly*$100 a month to cover daycare costs.
Either way - with the HIGH COST of daycare - it>s NOT! MUCH.
These political leader seem to be *PRETENDING* TO CARE.
(With the ÉPC, stay-at-home moms with pre-school children
would get $1200 a month and suitable daycare for children
would be paid by THE WOMAN>S EMPLOYER - subsidized by
the Gov>t if necessary: it would NOT! be HER PROBLEM, but
her employer>s.)
The Liberal Party *FUZZY* GREEN Tax
=============================Loosey-goosey Dion is LOSING CANADIANS when he talks about
his GREEN SHIFT.
What is the GREEN SHIFT about?
A *G-R-E-E-N* T-A-X designed to deal with (what the Liberals call)
"the $123 BILLION DOLLAR infrastructure DEFICIT".
NO OTHER PARTY admits this $123 BILLION DOLLAR infrastructure
DEFICIT exists.
But the Liberal Election rhetoric would like us to believe it does.
AND the Liberal Election rhetoric would like to have us believe
that they, the Liberals, are THE ONLY ONES who care to deal
with this problem that NO ONE ELSE SEES.
AreN>T the Liberals, THE ONES, who gave us the MULTI-MILLION
DOLLAR Quebec Sponsorship Scandal and the Judge Gomery
Commission?
What did the Judge Gomery Commission do?
It exonerated Prime Minister Chrétien, Prime Minister Martin,
who was Finance Minister at the time, and Mr. Dion also a
cabinet minister at the time: ALL! of whom are from Quebec
and claimed to NOT! KNOW ANYTHING about the scandal.
HARD TO BELIEVE?
The GREEN SHIFT coming from the Liberal is EQUALLY HARD
TO BELIEVE.
One could cynically speculate that the reason the Liberal
Party wants the GREEN! tax is so they can SPEND MORE!
once they>re back in power.
Mr. Layton
=======And there>s Mr. Layton, the Pied Piper that NO ONE wants
to follow over the cliff like a lemming.
Some are claiming that he>ll say anything to get elected like
promising to hire 2,500 more cops for our Police State.
Do we really need more cops?
Really?
Is crime on the upswing?
What>s he talking about?
Some expect that he>ll be promising everyone JETPACKS
before this election is over that>s how DISPARATE they
feel he is.
3-RING CIRCUS Election
==================For me this election NOTHING, but a 3-RING CIRCUS
with the political leader being the clowns: it>s FUNNY.
It>s ENTERTAINING, but THAT>s IT: it>s goes NO FARTHER
than that.
The TOP three (3) political parties have demonstrated -
WITH CLARITY - that Canadian politics is essentially
about NOTHING! - really.
And that if elected, they doN>T plan to do all that much
for Canadians - really, do they?
It>s pretty much THE STATUS QUO which means letting
THE Police State SYSTEM have its way while Canadians
get NOTHING! NOT-A-THING - really besides MORE TAXES!
And you are going to vote for that?
Fundamental Problems: NOT! Being Addressed
====================================Did Prime Minister Harper, Mr. Dion, or Mr. Layton address
any of pressing national issues:
Poverty?
NO!
Child poverty?
Absolutely NOT!
That promise that it would be eliminated within 20 years
was made more than 20 years ago.
The OVER POLICING of the Poor and Homeless
so the Police can fill the jails?
NO!
EXORBITANT! post-secondary tuition?
NO!
Do they think post-secondary STUDENTS COUNT?
NO!
(BUT THEY DO.
THEY DO! COUNT.
They are Canada>s future.)
Did these political leaders deal with First Nation Peoples
concerns like unsettled land claims, living in squalid third
world conditions on the reserves, high unemployment,
high high school drop out rate, majority of women in
prison being First Peoples, etc.?
NO!
Do they think First Peoples COUNT?
NO!
(BUT THEY DO.
THEY DO! COUNT.
They make Canada UNIQUE.)
What did they promise regarding JOB CREATION:
THE KEY to a strong economy?
NOTHING!
NOT-A-THING.
This is *TOTALLY* IRRESPONSIBLE!
WHAT! Recession?
==============ALL! TOP three (3) political leaders have been mum
regarding the recession we>re are in: they want to
pretend its NOT! true, BUT! it is: Canada is in a
recession.
In fact, Prime Minister Harper listens to his Mom
regarding the stock market and he>s an economist
who claims ALL IS WELL - fundamentally speaking.
A few days ago he was quoted as saying: "Let>s
be clear we>re not in a recession now." And went
on to say: "I remain fundamentally optimistic about
the Canadian economy."
Canadians by THE THOUSANDS have been losing
their jobs recently and he>s optimistic.
Everyone is saying we>re in a recession, but they
don>t see it: THERE IS NO PROBLEM TO FIX.
Are these political leaders LOOPY or what?
Here we go LOOPY LOO; here we go LOOP LIE;
all the way down into a deep depression and
they doN>T see it.
Obviously, the SELF-LIFE of these political parties
IS OVER.
It>s time for Canadians PULL! THE PLUG
and have them go DOWN THE DRAIN.
How?
By NOT! VOTING.
It>s TIME FOR A CHANGE.
NOT! SAME OLD SAME OLD
which is what they>re offering Canadians.
There>s NOTHING! new.
There>s NOTHING! for you and me.
Here>s YOUR CHANCE
to GIVE the Gov>t THE FINGER:
S-T-A-Y H-O-M-E on Election Day
Here>s YOUR CHANCE
to GET EVEN.
Take advantage of it.
SUPPORT! the ÉPC
===============For NO! POVERTY through WEALTH REDISTRIBUTION,
for 100% CLEAN! Gov>t financially policed by Canadians
via the Internet,
for a STRONG ECONOMY based on SMALL BUSINESS
CREATION, SUPPORT the ÉPC (Égalité Party of Canada).
Kenneth Selin (say>leen)
B.A.(Psychology), B.A.(Spanish), B.Admin.,
B.Comm.(Honours), B.A.(Italian) "magna cum laude"
~~~
President/Party Leader of the Égalité Party of Canada
(http://www.eh-ok.ca)
~~~
Let>s DEcriminalize Government in order to end poverty.
DÉcriminalisons le Gouvernement afin d>enrayer la pauvreté.
~~~
"talking about a revolution" (Tracy Chapman)
http://fr.youtube.com/watch?v=SKYWOwWAguk&mode=related&search = |
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CB
Guest
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| Posted: Fri Oct 10, 2008 7:25 pm Post subject: Re: It>s about the corruption of the DemocRAT Party and its |
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It>s about the corruption of the DemocRAT Party and its destruction of
Fannie Mae ala the Congressional Black Caucus through the likes of Barney
Fwank, Franklin Raines (Obama>s economic adviser), Maxine Waters, Gregory
Meeks, Biden, Dodd and many more..
--
CB
Black Liberation Theology at it>s finest
http://www.youtube.com/watch?v=_MGT_cSi7Rs&feature=related |
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Michael Coburn
Guest
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| Posted: Fri Oct 10, 2008 9:44 pm Post subject: Re: It>s about the fact that "trickle down" borrow forever d |
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On Fri, 10 Oct 2008 10:25:42 -0400, CB wrote:
[quote]It>s about the corruption of the DemocRAT Party and its destruction of
Fannie Mae ala the Congressional Black Caucus through the likes of
Barney Fwank, Franklin Raines (Obama>s economic adviser), Maxine Waters,
Gregory Meeks, Biden, Dodd and many more..
[/quote]
I think you actually believe that. I think you are really that stupid.
And I will also say that Maxine Waters is a total embarrassment to the
Democratic label. The continued lie concerning Raines as any sort of
"adviser" to Obama will be repeated from now until the election and it
will be believed by the right wing because they like it.
As to Frank Raines himself, it appears that he did manipulate the books
at Fannie in order to receive excessive bonuses. The restatement of the
financials at Fannie related to his malfeasance were $16B. That is a
microscopic pimple and the malfeasance was uncovered by the current
regulatory body and prosecuted, in essence illustrating the effectiveness
of the current body.
In 2003 the Republicans attempted to move oversight of Fannie into the
executive branch and failing that they attempted to privatize the
oversight in 2005. They were prevented from doing this by Democrats.
Retaining oversight within the elected government was the proper thing to
do. Even Maxine Waters is capable of understanding that.
The Republicans would have us believe that exchanging oversight by the
congress for oversight by some other means would have had positive
effects and averted this current meltdown. They are selling the usual
Republican excuses dressed up as counter intuitive guesses.
Fannie was criticized by GEORGE BUSH>s HUD for not doing more in GEORGE
BUSH>s initiative to increase minority home ownership. And Fannie
responded by taking on more sub-prime loans. That is the way it was and
no amount of Republican lying will change it. |
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CB
Guest
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| Posted: Fri Oct 10, 2008 10:14 pm Post subject: Re: It>s about the fact that "trickle down" borrow forever d |
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"Michael Coburn" <mikcob@verizon.net> wrote in message
news:gco0p60271h@news3.newsguy.com...
[quote]On Fri, 10 Oct 2008 10:25:42 -0400, CB wrote:
It>s about the corruption of the DemocRAT Party and its destruction of
Fannie Mae ala the Congressional Black Caucus through the likes of
Barney Fwank, Franklin Raines (Obama>s economic adviser), Maxine Waters,
Gregory Meeks, Biden, Dodd and many more..
I think you actually believe that. I think you are really that stupid.
And I will also say that Maxine Waters is a total embarrassment to the
Democratic label. The continued lie concerning Raines as any sort of
"adviser" to Obama will be repeated from now until the election and it
will be believed by the right wing because they like it.
[/quote]
The only reason Raines isn>t still tight with Obama 'is' because the
cockroach has been exposed>d along with all of Obama>s other Marxist, Black
Liberation thugs from Chicago.
[quote]
As to Frank Raines himself, it appears that he did manipulate the books
at Fannie in order to receive excessive bonuses. The restatement of the
financials at Fannie related to his malfeasance were $16B. That is a
microscopic pimple and the malfeasance was uncovered by the current
regulatory body and prosecuted, in essence illustrating the effectiveness
of the current body.
[/quote]
It would seem to late now don>t ya think?
[quote]
In 2003 the Republicans attempted to move oversight of Fannie into the
executive branch and failing that they attempted to privatize the
oversight in 2005. They were prevented from doing this by Democrats.
Retaining oversight within the elected government was the proper thing to
do. Even Maxine Waters is capable of understanding that.
[/quote]
You>re a complete loon. In 2004 Republicans tried to reign in Fannie Mae and
all they got were accusations of racism from Barney Boy. Maxine Waters
patted Raines on the head and pointed a finger at the regulator.
[quote]
The Republicans would have us believe that exchanging oversight by the
congress for oversight by some other means would have had positive
effects and averted this current meltdown. They are selling the usual
Republican excuses dressed up as counter intuitive guesses.
[/quote]
Republicans are so terrified of the bigotry on the Left for fear of being
called a racist by the likes of Gregory Meeks and Fwank that the whole
matter was dropped until the fall of Fannie Mae, what cowards.
[quote]
Fannie was criticized by GEORGE BUSH>s HUD for not doing more in GEORGE
BUSH>s initiative to increase minority home ownership. And Fannie
responded by taking on more sub-prime loans. That is the way it was and
no amount of Republican lying will change it.
[/quote]
Written by Jerry Teasley of Pine Mountain , GA, former Banker.
Most of my friends know, I have tried to stop thinking about it, but I
can>t
help it in the wake of all the recent economic news.
My banking career started in 1970 and ended in 1993, but I still
keep close ties to the industry. During my banking years I did
learn one or two things along the way. The problem with our
economy today is from a liberal-thinking congress, senators, and
presidents, as well as greed and dishonesty. When you put these
together, it spells disaster in any area of our life.
Ask any banker (just walk in and ask one who has been there for 15
years
or more)
* Under Jimmy Carter we received the Community Reinvestment act.
This law says banks have to make loans in low income areas and it
has forced many lending institutions to seek to make loans to
people in areas that lenders would not normally go because of the
risk and low property values. (SubPrime Loans). This was in 1977.
In 1980 president Carter and a Democratic controlled congress
passed the Depository Institutions Deregulation and Monetary
Control Act-- The law also removed the power of the Federal Reserve
Board of Governors under the Glass-Steagall Act and Regulation to
set the interest rates of savings accounts. A sad fact is we are
all still feeling the effects of his policies and decisions 30
years later.
<http://en.wikipedia.org/wiki/Glass-Steagall_Act
<http://en.wikipedia.org/wiki/Regulation_Q
* Then in 1995, Bill Clinton, (in between interns) made changes to the
Community Reinvestment Act, that forced an increase in the number
of loans to these people and the aggregate dollar amounts loaned.--
Larger loans to people with less income in areas where the
collateral value would go down instead of up. ( Clinton should have
had his mind on the long range effects of this instead of Monica
and a good cigar.) This was in response to pressure from 'community
organizers.' Can you think of a former community organizer running
for president? Hint - he>s a Democrat
* In 1999 Mr. Clinton signed to repeal the Glass-Steagall act which
had protected taxpayers since the Great Depression.
* In 2003 President Bush tried to propose a change in regulatory
control over Freddie Mac and Fannie Mae and place both companies
under the control of the Department of the Treasury, but was voted
down by the liberal democrats led by Barney Frank. Remember the
name Barney Frank, he is one of Obama>s top two economic advisors.
The other is Jim Johnson who was the head of Freddie Mac and walked
away with $24,000,000.
* Now, Mr. Obama and his liberal cronies are spinning the facts so
you will believe that all our financial problems are because of
Bush>s failed economic policy. However, OBAMA>S two MOST TRUSTED
ECONOMIC ADVISERS TO HIS CAMPAIGN are the very people that were in
control of Freddie Mac- Jim Johnson $24,000,000 and Fannie Mae -
Franklin Raines $90,000,000 in 6 years).
In addition, since 1989 there have been several politicians who
have received campaign donations and kick backs from these two
failed institutions. The #1 recipient is Senator Chris Dodd-D RI
and the runner up is none other than Senator Barrack Obama who
received the second largest amount of donations (over $500,000)
which is phenomenal because he has only been in the Senate for 3
years.
When Enron went belly up, we demanded Senate hearings and
investigations.
Why aren>t the Democrats demanding the same with these companies?
But, oh yeah, I forgot. It is Bush>s fault! (Yeah, Right, Sure it is).
Just ask a banker.
I am Jerry Teasley, banker, and I approved this email.
....
Chump |
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Guest
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| Posted: Fri Oct 10, 2008 10:34 pm Post subject: Re: It>s about the fact that "trickle down" borrow forever d |
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On 10 Oct 2008 16:44:22 GMT, Michael Coburn <mikcob@verizon.net>
wrote:
[quote]On Fri, 10 Oct 2008 10:25:42 -0400, CB wrote:
It>s about the corruption of the DemocRAT Party and its destruction of
Fannie Mae ala the Congressional Black Caucus through the likes of
Barney Fwank, Franklin Raines (Obama>s economic adviser), Maxine Waters,
Gregory Meeks, Biden, Dodd and many more..
I think you actually believe that. I think you are really that stupid.
And I will also say that Maxine Waters is a total embarrassment to the
Democratic label. The continued lie concerning Raines as any sort of
"adviser" to Obama will be repeated from now until the election and it
will be believed by the right wing because they like it.
As to Frank Raines himself, it appears that he did manipulate the books
at Fannie in order to receive excessive bonuses. The restatement of the
financials at Fannie related to his malfeasance were $16B. That is a
microscopic pimple and the malfeasance was uncovered by the current
regulatory body and prosecuted, in essence illustrating the effectiveness
of the current body.
In 2003 the Republicans attempted to move oversight of Fannie into the
executive branch and failing that they attempted to privatize the
oversight in 2005. They were prevented from doing this by Democrats.
Retaining oversight within the elected government was the proper thing to
do. Even Maxine Waters is capable of understanding that.
The Republicans would have us believe that exchanging oversight by the
congress for oversight by some other means would have had positive
effects and averted this current meltdown. They are selling the usual
Republican excuses dressed up as counter intuitive guesses.
Fannie was criticized by GEORGE BUSH>s HUD for not doing more in GEORGE
BUSH>s initiative to increase minority home ownership. And Fannie
responded by taking on more sub-prime loans. That is the way it was and
no amount of Republican lying will change it.
[/quote]
How come no one talks about that Bush appoints the Board of both
Fannie and Freddie. These are HIS people, his CHOICES. |
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CB
Guest
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| Posted: Fri Oct 10, 2008 10:48 pm Post subject: Re: It>s about the fact that "trickle down" borrow forever d |
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<retrogrouch@comcast.net> wrote in message
news:mg4ve41tm66ke5glf01gajmdsapesm08vf@4ax.com...
[quote]On 10 Oct 2008 16:44:22 GMT, Michael Coburn <mikcob@verizon.net
wrote:
On Fri, 10 Oct 2008 10:25:42 -0400, CB wrote:
It>s about the corruption of the DemocRAT Party and its destruction of
Fannie Mae ala the Congressional Black Caucus through the likes of
Barney Fwank, Franklin Raines (Obama>s economic adviser), Maxine Waters,
Gregory Meeks, Biden, Dodd and many more..
I think you actually believe that. I think you are really that stupid.
And I will also say that Maxine Waters is a total embarrassment to the
Democratic label. The continued lie concerning Raines as any sort of
"adviser" to Obama will be repeated from now until the election and it
will be believed by the right wing because they like it.
As to Frank Raines himself, it appears that he did manipulate the books
at Fannie in order to receive excessive bonuses. The restatement of the
financials at Fannie related to his malfeasance were $16B. That is a
microscopic pimple and the malfeasance was uncovered by the current
regulatory body and prosecuted, in essence illustrating the effectiveness
of the current body.
In 2003 the Republicans attempted to move oversight of Fannie into the
executive branch and failing that they attempted to privatize the
oversight in 2005. They were prevented from doing this by Democrats.
Retaining oversight within the elected government was the proper thing to
do. Even Maxine Waters is capable of understanding that.
The Republicans would have us believe that exchanging oversight by the
congress for oversight by some other means would have had positive
effects and averted this current meltdown. They are selling the usual
Republican excuses dressed up as counter intuitive guesses.
Fannie was criticized by GEORGE BUSH>s HUD for not doing more in GEORGE
BUSH>s initiative to increase minority home ownership. And Fannie
responded by taking on more sub-prime loans. That is the way it was and
no amount of Republican lying will change it.
How come no one talks about that Bush appoints the Board of both
Fannie and Freddie. These are HIS people, his CHOICES.
[/quote]
Who did he appoint? and at whose direction/referral? |
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Michael Coburn
Guest
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| Posted: Sat Oct 11, 2008 2:30 am Post subject: Re: It>s about the fact that "trickle down" borrow forever d |
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On Fri, 10 Oct 2008 13:14:30 -0400, CB wrote:
[quote]"Michael Coburn" <mikcob@verizon.net> wrote in message
news:gco0p60271h@news3.newsguy.com...
On Fri, 10 Oct 2008 10:25:42 -0400, CB wrote:
It>s about the corruption of the DemocRAT Party and its destruction of
Fannie Mae ala the Congressional Black Caucus through the likes of
Barney Fwank, Franklin Raines (Obama>s economic adviser), Maxine
Waters, Gregory Meeks, Biden, Dodd and many more..
I think you actually believe that. I think you are really that stupid.
And I will also say that Maxine Waters is a total embarrassment to the
Democratic label. The continued lie concerning Raines as any sort of
"adviser" to Obama will be repeated from now until the election and it
will be believed by the right wing because they like it.
The only reason Raines isn>t still tight with Obama 'is' because the
cockroach has been exposed>d along with all of Obama>s other Marxist,
Black Liberation thugs from Chicago.
As to Frank Raines himself, it appears that he did manipulate the books
at Fannie in order to receive excessive bonuses. The restatement of
the financials at Fannie related to his malfeasance were $16B. That is
a microscopic pimple and the malfeasance was uncovered by the current
regulatory body and prosecuted, in essence illustrating the
effectiveness of the current body.
It would seem to late now don>t ya think?
[/quote]
The Raines crap was 2004. Where you been?
[quote]In 2003 the Republicans attempted to move oversight of Fannie into the
executive branch and failing that they attempted to privatize the
oversight in 2005. They were prevented from doing this by Democrats.
Retaining oversight within the elected government was the proper thing
to do. Even Maxine Waters is capable of understanding that.
You>re a complete loon. In 2004 Republicans tried to reign in Fannie Mae
and all they got were accusations of racism from Barney Boy. Maxine
Waters patted Raines on the head and pointed a finger at the regulator.
[/quote]
Raines was removed as a result of the oversight regardless of Maxine
Waters and the rest of the "welfare lefties". The facts are what they
are and the results of those congressional discussions seem appropriate.
[quote]The Republicans would have us believe that exchanging oversight by the
congress for oversight by some other means would have had positive
effects and averted this current meltdown. They are selling the usual
Republican excuses dressed up as counter intuitive guesses.
Republicans are so terrified of the bigotry on the Left for fear of
being called a racist by the likes of Gregory Meeks and Fwank that the
whole matter was dropped until the fall of Fannie Mae, what cowards.
[/quote]
LIE! Raines was replaced as a result of the discussions.
http://en.wikipedia.org/wiki/Frank_Raines ---------------------
On December 21, 2004 Raines accepted what he called "early
retirement" [4] from his position as CEO while U.S. Securities and
Exchange Commission investigators continued to investigate alleged
accounting irregularities. He is accused by The Office of Federal Housing
Enterprise Oversight (OFHEO), the regulating body of Fannie Mae, of
abetting widespread accounting errors, which included the shifting of
losses so senior executives, such as himself, could earn large bonuses
[5].
-------------------------------------------------------------
The big problems at Fannie did not surface until 2007, 3 years after the
Republicans put their man in charge at Fannie:
http://en.wikipedia.org/wiki/Fannie_mae ----------------------------
On September 7, 2008, James Lockhart, director of the Federal Housing
Finance Agency (FHFA), announced that Fannie Mae and Freddie Mac were
being placed into conservatorship of the FHFA (see Federal takeover of
Fannie Mae and Freddie Mac). The action is "one of the most sweeping
government interventions in private financial markets in decades".[2][3]
[4] As of 2008, Fannie Mae and the Federal Home Loan Mortgage Corporation
(Freddie Mac) owned or guaranteed about half of the U.S.'s $12 trillion
mortgage market.[5]
--------------------------------------------------------------------
It helps to look at the actual time lines instead of making shit up.
[quote]Fannie was criticized by GEORGE BUSH>s HUD for not doing more in GEORGE
BUSH>s initiative to increase minority home ownership. And Fannie
responded by taking on more sub-prime loans. That is the way it was
and no amount of Republican lying will change it.
Written by Jerry Teasley of Pine Mountain , GA, former Banker.
[/quote]
<<<<<<<<<<< and deleted by someone who knows better >>>>>>>>>>>>>
That would be me in this case but could be hundreds of others who
actually look at the real data as opposed to rightarded spin. |
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Tony Harding
Guest
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| Posted: Sat Oct 11, 2008 5:17 am Post subject: Re: It>s about the corruption of the DemocRAT Party and its |
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CB wrote:
[quote]It>s about the corruption of the DemocRAT Party and its destruction of
Fannie Mae ala the Congressional Black Caucus through the likes of Barney
Fwank, Franklin Raines (Obama>s economic adviser), Maxine Waters, Gregory
Meeks, Biden, Dodd and many more..
[/quote]
Right(wingnut) |
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Tony Harding
Guest
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| Posted: Sat Oct 11, 2008 5:19 am Post subject: Re: It>s about the fact that "trickle down" borrow forever d |
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CB wrote:
[quote]"Michael Coburn" <mikcob@verizon.net> wrote in message
news:gco0p60271h@news3.newsguy.com...
On Fri, 10 Oct 2008 10:25:42 -0400, CB wrote:
It>s about the corruption of the DemocRAT Party and its destruction of
Fannie Mae ala the Congressional Black Caucus through the likes of
Barney Fwank, Franklin Raines (Obama>s economic adviser), Maxine Waters,
Gregory Meeks, Biden, Dodd and many more..
I think you actually believe that. I think you are really that stupid.
And I will also say that Maxine Waters is a total embarrassment to the
Democratic label. The continued lie concerning Raines as any sort of
"adviser" to Obama will be repeated from now until the election and it
will be believed by the right wing because they like it.
The only reason Raines isn>t still tight with Obama 'is'
[/quote]
"is" in quotes? You>re quite the wordsmith, aren>t you? |
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Michael Coburn
Guest
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| Posted: Sun Oct 12, 2008 1:31 am Post subject: Re: It>s about the corruption of the DemocRAT Party and its |
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On Fri, 10 Oct 2008 20:17:41 -0400, Tony Harding wrote:
[quote]CB wrote:
It>s about the corruption of the DemocRAT Party and its destruction of
Fannie Mae ala the Congressional Black Caucus through the likes of
Barney Fwank, Franklin Raines (Obama>s economic adviser), Maxine
Waters, Gregory Meeks, Biden, Dodd and many more..
Right(wingnut)
[/quote]
It is a Republican sort of "thang". Find a "nit" and make it the cause
celeb.
The activities if Fannie and Freddie were absolutely consistent with the
bubble blowing housing market activities of the Republican administration
and its blowharding about how wonderful the economic numbers were. It
was a fake economy based on massive debt and Freddie and Fannie were
doing their share for Der Fuhrer. The Republicans controlled every
office of government and that includes influence over Freddie and
Fannie. They first attempted to place these under the control of the
executive branch (yet another power grab by the authoritarian
rightards). When they couldn>t get that bast the Congress they attempted
to move the organizations much further into the private sector -- This
was the true guts of the "McCain bill" that the rightards love to put on
a pedestal. The Democrats told em to "f ck off". But this has no real
relevance to the "ownership initiative" of George Bush and the Republican
administration and the big push to inflate the housing bubble calling it
a marvelous economy. |
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CB
Guest
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| Posted: Sun Oct 12, 2008 3:32 am Post subject: Re: It>s about the corruption of the DemocRAT Party and its |
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"Michael Coburn" <mikcob@verizon.net> wrote in message
news:gcr2ee6cmp@news5.newsguy.com...
[quote]On Fri, 10 Oct 2008 20:17:41 -0400, Tony Harding wrote:
CB wrote:
It>s about the corruption of the DemocRAT Party and its destruction of
Fannie Mae ala the Congressional Black Caucus through the likes of
Barney Fwank, Franklin Raines (Obama>s economic adviser), Maxine
Waters, Gregory Meeks, Biden, Dodd and many more..
Right(wingnut)
It is a Republican sort of "thang". Find a "nit" and make it the cause
celeb.
The activities if Fannie and Freddie were absolutely consistent with the
bubble blowing housing market activities of the Republican administration
and its blowharding about how wonderful the economic numbers were.
[/quote]
You>re such chumps...
John McCain>s Fannie Mae/Freddie Mac Warnings - MAY 2006
Posted on September 21, 2008 by Uppity Woman
http://curezone.com/forums/fm.asp?i=1264275
I hope you haven>t just eaten, because what you are about to read will
disturb you-and well it should. It>s proof that John McCain foresaw the
Freddie Mac, Fannie Mae disaster in 2006- and tried against all Obama-Like
minds to ward it off.
Below are John McCain>s remarks urging the passage of the Federal Housing
Enterprise Regulatory Reform Act of 2005, which he co-sponsored and which
was rendered "Dead" in Congress.
Guess who prevailed and didn>t take heed? Or more appropriately, guess who
deliberately "looked the other way"?
This is all we need to know to understand exactly WHICH candidate in this
election is willing to break some eggs when it comes to Fannie Mae and
Freddie Mac-two organizations that, with the help of certain Democrats,
deliberately redistributed wealth the easy way. Now we are all paying for
it, as intended all along. Just as John McCain warned below.
As we view the carnage, this is all we need to know to understand exactly
WHICH candidate foresaw this carnage we are witnessing, and which candidate
worked to convince the other candidate to help avoid it. It is all we need
to know to recognize exactly WHICH candidate had the right judgment and was
looking out for the rest of us.
Joe Biden? It>s time for US to be Patriotic? No. It>s time for YOU to be
patriotic. In fact, it>s too late. As for you saying, "It>s time to be part
of the deal". We want no part of this "deal". And what a "deal" it was!
May 26, 2006
Mr. President, this week Fannie Mae>s regulator reported that the company>s
quarterly reports of profit growth over the past few years were "illusions
deliberately and systematically created" by the company>s senior management,
which resulted in a $10.6 billion accounting scandal.
The Office of Federal Housing Enterprise Oversight>s report goes on to say
that Fannie Mae employees deliberately and intentionally manipulated
financial reports to hit earnings targets in order to trigger bonuses for
senior executives. In the case of Franklin Raines, Fannie Mae>s former chief
executive officer, OFHEO>s report shows that over half of Mr. Raines'
compensation for the 6 years through 2003 was directly tied to meeting
earnings targets. The report of financial misconduct at Fannie Mae echoes
the deeply troubling $5 billion profit restatement at Freddie Mac.
The OFHEO report also states that Fannie Mae used its political power to
lobby Congress in an effort to interfere with the regulator>s examination of
the company>s accounting problems. This report comes some weeks after
Freddie Mac paid a record $3.8 million fine in a settlement with the Federal
Election Commission and restated lobbying disclosure reports from 2004 to
2005. These are entities that have demonstrated over and over again that
they are deeply in need of reform.
For years I have been concerned about the regulatory structure that governs
Fannie Mae and Freddie Mac-known as Government-sponsored entities or
GSEs-and the sheer magnitude of these companies and the role they play in
the housing market. OFHEO>s report this week does nothing to ease these
concerns. In fact, the report does quite the contrary. OFHEO>s report
solidifies my view that the GSEs need to be reformed without delay.
Quick Info
S-90 Federal Housing Enterprise Regulatory Reform Act of 2005
Last Action: Committee on Banking, Housing, and Urban Affairs. Ordered to be
reported with an amendment in the nature of a substitute favorably.
Status: Dead
I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform
Act of 2005, S. 190,to underscore my support for quick passage of GSE
regulatory reform legislation. If Congress does not act, American taxpayers
will continue to be exposed to the enormous risk that Fannie Mae and Freddie
Mac pose to the housing market, the overall financial system, and the
economy as a whole.
I urge my colleagues to support swift action on this GSE reform legislation.
http://uppitywoman08.wordpress.com/2008/09/21/john-mccains-fannie-maefreddie-mac-warnings-may-2006/ |
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