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POPSAccidental Landlords - Fannie's "Deed for Lease" program What this does is guarantee a steady negative cash flow for the banks, further weakening their financial outlook and giving Obama yet another reason to tighten his grip on them. Fannie Mae caused this mess, and their fix will only make things worse.
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POPSFannie & Freddie NOT included in Obama's Financial Regulations In analyzing the mortgage crisis, economist Walter E. Williams has written: “Starting with the Community Reinvestment Act of 1977, that was given more teeth during the Clinton administration, Congress started intimidating banks and other financial institutions into making loans, so-called sub-prime loans, to high-risk homebuyers and businesses. “The carrot offered was that these high-risk loans would be purchased by the government-sponsored enterprises Fannie Mae and Freddie Mac. Anyone with an ounce of brains would have known that this was a prescription for disaster but there was a congressional chorus of denial,” he added. “The financial collapse of Fannie Mae and Freddie Mac is not a failure of the free market because lending institutions in a free market would not have taken on the high-risk loans,” said Williams. “They were forced to by the heavy hand of government.”
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POPSFannie Mae: "Deed For Lease" Program The government-controlled company, through its new "Deed for Lease" program, will allow borrowers to transfer ownership to Fannie Mae and sign a one-year lease, with month-to-month extensions after that.
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POPS Fascism, Defined Noun Singular fascism Plural usually uncountable; plural fascisms fascism (usually uncountable; plural fascisms) A political regime, having totalitarian aspirations, ideologically based on centralized government, government control of business, repression of criticism or opposition, a leader cult and exalting the state and/or religion above individual rights. Originally only applied (usually capitalized) to Benito Mussolini's Italy. By vague analogy, any system of strong autocracy or oligarchy usually to the extent of bending and breaking the law, race-baiting and violence against largely unarmed populations. http://en.wiktionary.org/wiki/fascism
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POPSDear Congress "So with a perfect 100% failure rate and a record that proves that "services" you shove down our throats are failing faster and faster, you want Americans to believe you can be trusted with a government-run health care system? 20% of our entire economy?!? With all due respect... YOU MUST THINK WE'RE CRAZY!!!"
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POPSA Letter to Congress: With All Due Respect, Are You Crazy? It took good dependable cars (that were the best some people could afford) and replaced them with high-priced and less-affordable cars, mostly Japanese. A good percentage of the profits went out of the country. And the American taxpayers take the hit for Congress' generosity in burning three billion more of our dollars on failed experiments. So with a perfect 100 percent failure rate and a record that proves that "services" you shove down our throats are failing faster and faster, you want Americans to believe you can be trusted with a government-run health care system? 20 percent of our entire economy? With all due respect: Are you crazy? Brought to you by the editors and research staff of FamilySecurityMatters.org. Editor’s note: We don’t know who wrote this – it’s making the rounds on the Internet – but we agree wholeheartedly with the sentiment.
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POPSMainstream Media Abuse in Wake of ACORN Of course, the democrats are in favor of a media bailout. Why wouldn't they, the mainstream media is the strongest arm of the Democrat party. This is a serious abuse of the public trust.
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POPSIn Whom Do You Place Your Trust? Principles grounded in thousands of years of human experience versus soaring, yet utterly empty, rhetoric. Timeless genius versus power-hungry political hacks. Our choice is clear. We choose liberty.
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POPS To Members of Congress And finally, to set a new record: Cash For Clunkers, failed in just over 5 weeks! It took good dependable cars (that were the best some people could afford) and replaced them with high-priced and less-affordable cars, mostly Japanese. A good percentage of the profits went out of the country. And the American taxpayers take the hit for Congress' generosity in burning three billion more of our dollars on failed experiments. So with a perfect 100% failure rate and a record that proves that "services" you shove down our throats are failing faster and faster, you want Americans to believe you can be trusted with a government-run health care system? 20% of our entire economy? With all due respect, Are you f***ing crazy?
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POPSRepublican Senator: Hey, Maybe We Should Consider Health Care Co-Ops Grrrrrr
I’ve been warning for a while now that as Democrats see their plans for government health care go up in smoke they’re going to re-organize and come back with some other type of government plan and call it something else. I’ve also warned that Republicans might be willing to jump on board with something like that so that they can claim victory in having forced Democrats to do do something other than what they originally intended. Even if that “other” is just government health care by a different name. The health care co-ops as suggested by Senator Kent Conrad seem to be rising to the top as the compromise option of choice. Today Senator Conrad has been all over the Sunday talk shows claiming that he and his fellow liberals don’t have the votes for a “public option” health care plan and that they need to try something else. Namely, his co-ops idea. And unfortunately at least one Republican was open to that idea as a compromise.
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POPSFreddie & Fannie PAC Spending In the 2008 cycle, Fannie Mae PAC has contributed a total of $617,900 to congressional members; Freddie PAC gave $202,997 to members of Congress. More than half of that total — $489,998 — was designated for persons in leadership positions or who sit on either the House Financial Services Committee or the Senate Committee on Banking, Housing, and Urban Affairs.
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POPSThe Unbelievable connection and nepotism of Obama and Geithner The message the left holds onto is that Obama i an intellectual who worked his way up from poverty to become the leader of the free world. As If, any of that came without peoples hands on the yellow brick road that Obama skipped his way into the whitehouse on. Turn on the lights. watch the cockroaches scramble.
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POPSThug'sCashCowFannieLossesAnother$14.8 Bln. And stock spiked 25-30% at one point today. Was that Treasury injecting money? What happened to those who played this stock today expecting it to act as it would have normally? Too bad? They lose? So these thugs can play THEIR games buying votes with houses? I know, that really is a loosely put together opinion but I think it has elements of truth, at least.
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POPSLawsuit to Obtain Treasury's Documents on Bailout of Freddie & Fannie Treasury Department officials requested a 10-day extension to conduct a document review. However, since that time, Treasury has provided no documents and no indication when documents will be forthcoming. On his first day in office, President Obama promised that "transparency and the rule of law will be the touchstones of this presidency." The president further declared that "the Freedom of Information Act is perhaps the most powerful instrument we have for making our government honest and transparent, and of holding it accountable." Earlier this year, Judicial Watch had to sue the Obama Treasury Department in order to obtain documents regarding an historic meeting held by former Treasury Secretary Henry "Hank" Paulson with top bank executives. The documents show that Paulson and other officials, including then-NY Fed Reserve head and current Treasury Secretary Timothy Geithner forced the executives to take the government's $250 billion "investment" (and resulting control).
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POPSAbout half of U.S. mortgages seen underwater by 2011 Housing has been crazy here too. Prices all over the shop but rising despite all that is happening. Banks still milking home loans to the max. We did it on one income and 2 kids. Now they can't with 2 incomes and both kids in childcare. Don't think we had as much to spend though. And the house wasn't real flash, a home though.
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POPSBarney Frank Calls Barack 0bama a Liar single-payer is to fool voters with "a public option". And he flatly states that the public option will overwhelm and eradicate private insurance plans. Now Barack Obama's been saying for weeks that the public option won't hurt private insurers, which everyone knows is a bald-faced lie. Mr. Obama dismissed the idea of a government takeover of health care, saying a public insurance system would complement, not replace, private companies. “It will keep government out of health care decisions, giving you the option to keep your (private) insurance if you’re happy with it,” he said. You're not going to get to keep your private insurance -- and everyone knows it. And Barney Frank just confirmed it, calling Barack Obama a liar. At an AARP-sponsor townhall event, Obama was also confronted -- stunningly -- with a direct question about rationing care for the elderly. You and your doctor make the decisions on your treatment. If you have insurance, you will try
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POPSTime for Congress to Start Issuing Subpoenas Pulling the TARP over taxpayers' eyes By: Michael Barone Last fall, former Treasury Secretary Hank Paulson told shocked Americans that the $700 billion TARP had to be passed immediately but not to worry because taxpayers would eventually make money on the investments as banks and other institutions getting bailout money paid it back. To the contrary, Barofsky said, not only are banks hoarding TARP funds, it is "very unlikely" that most of the TARP money will ever be repaid, let alone turn a profit. The hastily passed bill included minimal reporting requirements, so a third of all TARP recipients admit they used the money to repay loans, merge with other banks, and even purchase more mortgage-backed securities from Fannie Mae and Freddie Mac - the two institutions at the heart of the housing market collapse. Some companies are even using TARP to pay off other government loans in what auditors call "bailout arbitrage." And it's all perfectly legal.
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