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POPSHot Air: Welcome to the Obama Administration’s “New Transparency” I’m sure it is … for analysts and Fannie and Freddie workers, but I’m not sure taxpayers should share that optimism. The report states the U.S. Treasury will receive preferred stock paying 10% dividends and warrants to acquire nearly 80% of the common shares in Fannie and Freddie. However, the Treasury has already loaned $60 billion to Fannie and $51 billion to Freddie. At this point, it’s hard to believe more money is the answer. Maybe the New York Times was right: Democrats plan to talk about deficit reduction in 2010 but not do anything about it for now. Or as President Obama puts it: “Mr. Obama calls it “a false choice” to pit spending to spur the economy against reducing the deficit. His advisers say the president, and American voters, favor both " spending to create jobs in the short term, and commitment to spending discipline and deficit reduction over the long term.”
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POPSThe Real Culprits - Part One And in so doing, he helped create the market for the risky subprime loans that he and Democrats now decry as not only greedy but "predatory." Yes, the market was fueled by greed and overleveraging in the secondary market for subprimes, vis-a-vis mortgaged-backed securities traded on Wall Street. But the seed was planted in the '90s by Clinton and his social engineers. They were the political catalyst behind this slow-motion financial train wreck. And it was the Clinton administration that mismanaged the quasi-governmental agencies that over the decades have come to manage the real estate market in America.
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POPSDid Obama"Out-Warn"on the Mortgage Crisis? No! March'07,his warnings only came when the end-user was at risk.He was at the roots of promoting, demanding,and inspiring the drive to swell home"ownership" numbers and promote unnatural preferences for non-creditworthy borrowers - by ANY methods or means. Head of the line taking Fannie $, and being fully aware that the policies being implemented could NOT POSSIBLY be resulting in the "desired" numbers if they were ethical and business-wise, Obama was SILENT. He only spoke up when it was unavoidable that HIS policies would be coming to a REAL BAD END. And since he had no other choice but to speak up, being a candidate.
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POPSWhy renting makes more financial sense than homeownership 
Questions/Objections "Renters throw money down the drain."...If you have $300,000 and a choice between spending it on a house or shares, you'll pay $6,000 a year in incidentals if you buy the house or about $15,000 a year ($1,250 a month) in rent if you buy the shares. But the shares will return $21,000 a year after inflation while the house will return zero.... "House buyers get tax breaks." So do share buyers, but both are a bad deal... "What about the pride of home ownership?" It's not for me. I define ownership as no longer having to pay for something and being able to do as I please with it. I own my coffee maker. House owners must pay taxes each year even when their mortgage payments are done. In certain markets they can't even make changes to the houses they've paid for without seeking the approval of others... "Are you saying I should sell my big house and rent an apartment instead?" I'm not trying to win anyone over. Strong demand for houses keeps my rent cheap.[/qu
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POPSThe Real Culprits In The Meltdown The untold story in this whole national crisis is that President Clinton put on steroids the Community Redevelopment Act, a well-intended Carter-era law designed to encourage minority homeownership. Yes, the market was fueled by greed and overleveraging in the secondary market for subprimes, vis-a-vis mortgaged-backed securities traded on Wall Street. But the seed was planted in the ’90s by Clinton and his social engineers. They were the political catalyst behind this slow-motion financial train wreck. As soon as Clinton crony Franklin Delano Raines took the helm in 1999 at Fannie Mae looting it for a total of almost $100 million in compensation by the time he left in early 2005 under an ethical cloud. Other Clinton cronies, including Janet Reno aide Jamie Gorelick "The Wall", padded their pockets to the tune of another $75 million. Raines was accused of overstating earnings and shifting losses so he and other senior executives could earn big bonuses.
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