So, last quarter, Fannie Mae (one of two govt housing companies)
posted a 19 Billion dollar loss and is requiring additional government
bailout funds...

http://www.reuters.com/article/ousivMolt/idUSTRE5A464620091105

Kenneth W Clifton

So, last quarter, Fannie Mae (one of two govt housing companies)
posted a 19 Billion dollar loss and is requiring additional government
bailout funds...

http://www.reuters.com/article/ousivMolt/idUSTRE5A464620091105

Kenneth W Clifton

On Fri, 06 Nov 2009 10:57:41 -0800, Wide Eyed in Wonder wrote:

So, last quarter, Fannie Mae (one of two govt housing companies) posted
a 19 Billion dollar loss and is requiring additional government bailout
funds...

http://www.reuters.com/article/ousivMolt/idUSTRE5A464620091105

Kenneth W Clifton

Good thing they are there or we would be in a 1930's style depression
instead of a serious recession.

It is high time to makes some adjustments to select _WHICH_ taxpayers get
to do the bailing out.  Seems to me that the lying sacks of shit that
created the mess need to be taxed in order to fix it.  And that would be
the Wall Street weasels and the stockholders they represent, along with a
special tax levied on the people who elected the Republican Congress and
George, lying sack of shit, Bush.

http://findarticles.com/p/articles/mi_m0EIN/is_2002_Oct_15/ai_92843805/

 WASHINGTON--(BUSINESS WIRE)--Oct. 15, 2002

Fannie Mae Chairman and CEO, Franklin D. Raines today joined President
Bush and U.S. Department of Housing and Urban Development (HUD) Secretary
Mel Martinez, and other industry leaders and non-profit organizations,
for a housing summit to promote the Administration's proposal to expand
minority homeownership.
-------------------------------------------------------------------

On Fri, 06 Nov 2009 10:57:41 -0800, Wide Eyed in Wonder wrote:

So, last quarter, Fannie Mae (one of two govt housing companies) posted
a 19 Billion dollar loss and is requiring additional government bailout
funds...

http://www.reuters.com/article/ousivMolt/idUSTRE5A464620091105

Kenneth W Clifton

Good thing they are there or we would be in a 1930's style depression
instead of a serious recession.

It is high time to makes some adjustments to select _WHICH_ taxpayers get
to do the bailing out.  Seems to me that the lying sacks of shit that
created the mess need to be taxed in order to fix it.  And that would be
the Wall Street weasels and the stockholders they represent, along with a
special tax levied on the people who elected the Republican Congress and
George, lying sack of shit, Bush.
...

So, last quarter, Fannie Mae (one of two govt housing companies) posted
a 19 Billion dollar loss and is requiring additional government bailout
funds...

http://www.reuters.com/article/ousivMolt/idUSTRE5A464620091105

Kenneth W Clifton

On Fri, 06 Nov 2009 18:15:26 -0800, The_Carpathia wrote:
On Nov 6, 8:05 pm, Michael Coburn <mik... at (no spam) verizon.net> wrote:
On Fri, 06 Nov 2009 10:57:41 -0800, Wide Eyed in Wonder wrote:

So, last quarter, Fannie Mae (one of two govt housing companies)
posted a 19 Billion dollar loss and is requiring additional
government bailout funds...

http://www.reuters.com/article/ousivMolt/idUSTRE5A464620091105

Kenneth W Clifton

Good thing they are there or we would be in a 1930's style depression
instead of a serious recession.

It is high time to makes some adjustments to select _WHICH_ taxpayers
get to do the bailing out.  Seems to me that the lying sacks of shit
that created the mess need to be taxed in order to fix it.  And that
would be the Wall Street weasels and the stockholders they represent,
along with a special tax levied on the people who elected the
Republican Congress and George, lying sack of shit, Bush.

http://findarticles.com/p/articles/mi_m0EIN/is_2002_Oct_15/ai_92843805/

 WASHINGTON--(BUSINESS WIRE)--Oct. 15, 2002

Fannie Mae Chairman and CEO, Franklin D. Raines today joined President
Bush and U.S. Department of Housing and Urban Development (HUD)
Secretary Mel Martinez, and other industry leaders and non-profit
organizations, for a housing summit to promote the Administration's
proposal to expand minority homeownership.
-------------------------------------------------------------------

That would be the same Raines that was found guilty of fraud and is an
advisor to President Obama...right?

Yep.  The very same one.

Republicans pick nits.  That is all they have.  By some estimates 2
billion bucks was misappropriated within Fannie Mae, supposedly due to
Raines.  Now all you have to do is account for the other 10 trillion or
so and we will have the scoop.  Raines was forced out of Fannie Mae in
2004.

http://en.wikipedia.org/wiki/
Franklin_Raines#Role_in_the_subprime_mortgage_crisis  --------

Although under Raines, Fannie Mae invested in some securities backed by
subprime loans, it didn't start buying subprime and Alt-A loans directly
(and bundling them into securities) until late 2004 after the accounting
scandal. Purchasing of subprime and alt-A mortgages expanded
exponentially under the guidance of Raines's successor Daniel H. Mudd

--
"Those are my opinions and you can't have em" -- Bart Simpson

On Nov 6, 8:05 pm, Michael Coburn <mik... at (no spam) verizon.net> wrote:
On Fri, 06 Nov 2009 10:57:41 -0800, Wide Eyed in Wonder wrote:

So, last quarter, Fannie Mae (one of two govt housing companies)
posted a 19 Billion dollar loss and is requiring additional
government bailout funds...

http://www.reuters.com/article/ousivMolt/idUSTRE5A464620091105

Kenneth W Clifton

Good thing they are there or we would be in a 1930's style depression
instead of a serious recession.

It is high time to makes some adjustments to select _WHICH_ taxpayers
get to do the bailing out.  Seems to me that the lying sacks of shit
that created the mess need to be taxed in order to fix it.  And that
would be the Wall Street weasels and the stockholders they represent,
along with a special tax levied on the people who elected the
Republican Congress and George, lying sack of shit, Bush.

http://findarticles.com/p/articles/mi_m0EIN/is_2002_Oct_15/ai_92843805/

 WASHINGTON--(BUSINESS WIRE)--Oct. 15, 2002

Fannie Mae Chairman and CEO, Franklin D. Raines today joined President
Bush and U.S. Department of Housing and Urban Development (HUD)
Secretary Mel Martinez, and other industry leaders and non-profit
organizations, for a housing summit to promote the Administration's
proposal to expand minority homeownership.
-------------------------------------------------------------------

That would be the same Raines that was found guilty of fraud and is an
advisor to President Obama...right?

You asked for a link between Fannie Mae and Republicans and I have
undeniably established that link.  Whether Franklin Raines was a crook or
not has nothing to do with the housing bubble. The bubble was created,
nurtured, assisted and blown by the Republicans all the way.

On Nov 7, 1:31 am, Michael Coburn <mik... at (no spam) verizon.net> wrote:
On Fri, 06 Nov 2009 18:15:26 -0800, The_Carpathia wrote:
On Nov 6, 8:05 pm, Michael Coburn <mik... at (no spam) verizon.net> wrote:
On Fri, 06 Nov 2009 10:57:41 -0800, Wide Eyed in Wonder wrote:

So, last quarter, Fannie Mae (one of two govt housing companies)
posted a 19 Billion dollar loss and is requiring additional
government bailout funds...

http://www.reuters.com/article/ousivMolt/idUSTRE5A464620091105

Kenneth W Clifton

Good thing they are there or we would be in a 1930's style
depression instead of a serious recession.

It is high time to makes some adjustments to select _WHICH_
taxpayers get to do the bailing out.  Seems to me that the lying
sacks of shit that created the mess need to be taxed in order to fix
it.  And that would be the Wall Street weasels and the stockholders
they represent, along with a special tax levied on the people who
elected the Republican Congress and George, lying sack of shit,
Bush.

http://findarticles.com/p/articles/mi_m0EIN/is_2002_Oct_15/
ai_92843805/

 WASHINGTON--(BUSINESS WIRE)--Oct. 15, 2002

Fannie Mae Chairman and CEO, Franklin D. Raines today joined
President Bush and U.S. Department of Housing and Urban Development
(HUD) Secretary Mel Martinez, and other industry leaders and
non-profit organizations, for a housing summit to promote the
Administration's proposal to expand minority homeownership.
-------------------------------------------------------------------

That would be the same Raines that was found guilty of fraud and is
an advisor to President Obama...right?

Yep.  The very same one.

Republicans pick nits.  That is all they have.  By some estimates 2
billion bucks was misappropriated within Fannie Mae, supposedly due to
Raines.  Now all you have to do is account for the other 10 trillion or
so and we will have the scoop.  Raines was forced out of Fannie Mae in
2004.

http://en.wikipedia.org/wiki/
Franklin_Raines#Role_in_the_subprime_mortgage_crisis  --------

Although under Raines, Fannie Mae invested in some securities backed by
subprime loans, it didn't start buying subprime and Alt-A loans
directly (and bundling them into securities) until late 2004 after the
accounting scandal. Purchasing of subprime and alt-A mortgages expanded
exponentially under the guidance of Raines's successor Daniel H. Mudd

--
"Those are my opinions and you can't have em" -- Bart Simpson

Has their been a CEO of Fannie or Freddie in recent history with a
connection to Republicans? I'm ready to attack that party as quick as
anything, but as far as I know ...there's only a one party connection to
Freddie and Fannie and many current officials in Obama's admin came from
them. Correct me about any Republican links you may have.

On Nov 7, 1:31 am, Michael Coburn <mik... at (no spam) verizon.net> wrote:
On Fri, 06 Nov 2009 18:15:26 -0800, The_Carpathia wrote:
On Nov 6, 8:05 pm, Michael Coburn <mik... at (no spam) verizon.net> wrote:
On Fri, 06 Nov 2009 10:57:41 -0800, Wide Eyed in Wonder wrote:
So, last quarter, Fannie Mae (one of two govt housing companies)
posted a 19 Billion dollar loss and is requiring additional
government bailout funds...
http://www.reuters.com/article/ousivMolt/idUSTRE5A464620091105
Kenneth W Clifton
Good thing they are there or we would be in a 1930's style depression
instead of a serious recession.
It is high time to makes some adjustments to select _WHICH_ taxpayers
get to do the bailing out. Seems to me that the lying sacks of shit
that created the mess need to be taxed in order to fix it. And that
would be the Wall Street weasels and the stockholders they represent,
along with a special tax levied on the people who elected the
Republican Congress and George, lying sack of shit, Bush.
http://findarticles.com/p/articles/mi_m0EIN/is_2002_Oct_15/ai_92843805/
WASHINGTON--(BUSINESS WIRE)--Oct. 15, 2002
Fannie Mae Chairman and CEO, Franklin D. Raines today joined President
Bush and U.S. Department of Housing and Urban Development (HUD)
Secretary Mel Martinez, and other industry leaders and non-profit
organizations, for a housing summit to promote the Administration's
proposal to expand minority homeownership.
-------------------------------------------------------------------
That would be the same Raines that was found guilty of fraud and is an
advisor to President Obama...right?
Yep. The very same one.

Republicans pick nits. That is all they have. By some estimates 2
billion bucks was misappropriated within Fannie Mae, supposedly due to
Raines. Now all you have to do is account for the other 10 trillion or
so and we will have the scoop. Raines was forced out of Fannie Mae in
2004.

http://en.wikipedia.org/wiki/
Franklin_Raines#Role_in_the_subprime_mortgage_crisis --------

Although under Raines, Fannie Mae invested in some securities backed by
subprime loans, it didn't start buying subprime and Alt-A loans directly
(and bundling them into securities) until late 2004 after the accounting
scandal. Purchasing of subprime and alt-A mortgages expanded
exponentially under the guidance of Raines's successor Daniel H. Mudd

--
"Those are my opinions and you can't have em" -- Bart Simpson

Has their been a CEO of Fannie or Freddie in recent history with a
connection to Republicans? I'm ready to attack that party as quick as
anything, but as far as I know ...there's only a one party connection
to Freddie and Fannie and many current officials in Obama's admin came
from them. Correct me about any Republican links you may have.