Warrior General Games

Stephenthegreat - Really? We are back to name calling?

It might amaze you to find that it wasn't the lack of "foresight" that caused this problem, as there have been multiple reports created showing the possibility of a downfall, if better regulations are not put in place. These additional regulations were all crushed down by primary players in congress, Chris Dodd is one of those players... and surprising enough, he has received more campaign contributions from Fannie & Freddie then anyone else.

Originally posted by PackMan97
Originally posted by Dyno

Originally posted by PackMan97


just like when Obama talked about "57 states" instead of 47
uh


Here ya go.

http://www.youtube.com/watch?v=EpGH02DtIws

Basically, he's talking about the fact that he's visited 47 states and has one left to go. His staff won't let him visit AK and HI. Of course, he says 57 instead of 47.

Of course he says 57... There are 57 States of Islam.

Originally posted by PackMan97
Stephenthegreat, you might want to read this before you blame Republicans.

Fannie Mae Eases Credit To Aid Mortgage Lending
Published: September 30, 1999

http://query.nytimes.com/gst/fullpage.html?res=9c0DE7DB153EF933A0575AC0A96F958260&sec=&spon=&pagewanted=all

Originally posted by

Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.

In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates -- anywhere from three to four percentage points higher than conventional loans.

Of course, don't let things like REALITY get in the way. There is plenty of blame to go around for BOTH parties.

Im not going to say Clinton isnt at fault, but my opinion would be they had a good hearted thought going that was executed very poorly by whoever decided that variable rate loans are anything but predatory lending. You want to get housing for poor people, thats great, but to then give them a loan that you can change the interest rate of whenever you feel like is pretty shady.

And guess who were the ones that repealed federal regulations on that predatory style lending?

I'll give you a hint one of McCain's campaign advisers drew up the bill!

LOLZ

Originally posted by Viet
Originally posted by PackMan97

Originally posted by Dyno


Originally posted by PackMan97



just like when Obama talked about "57 states" instead of 47
uh


Here ya go.

http://www.youtube.com/watch?v=EpGH02DtIws

Basically, he's talking about the fact that he's visited 47 states and has one left to go. His staff won't let him visit AK and HI. Of course, he says 57 instead of 47.

Of course he says 57... There are 57 States of Islam.

57 is also a variety of steak sauce....maybe he's big into heinz products?

Originally posted by ekspa
Originally posted by Viet

Originally posted by PackMan97


Originally posted by Dyno



Originally posted by PackMan97




just like when Obama talked about "57 states" instead of 47
uh


Here ya go.

http://www.youtube.com/watch?v=EpGH02DtIws

Basically, he's talking about the fact that he's visited 47 states and has one left to go. His staff won't let him visit AK and HI. Of course, he says 57 instead of 47.

Of course he says 57... There are 57 States of Islam.

57 is also a variety of steak sauce....maybe he's big into heinz products?

damn you john kerry, why cant you just leave us alone!

This league is lame.