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Bush Proposed Fannie Mae / Freddie Mac Supervision In Sept 2003
New York ^ | Sept 11, 2003 | STEPHEN LABATON

Posted on 09/17/2008 10:01:15 PM PDT by tallyhoe

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To: rodguy911; Alas Babylon!; Morgan in Denver; Laverne; Fishtalk; Pippin; no more apples; Syncro; ...

Pass it on ..BTTT!


51 posted on 09/17/2008 11:04:56 PM PDT by STARWISE (They (Dims) think of this WOT as Bush's war, not America's war-RichardMiniter, respected OBL author)
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To: STARWISE; Norman Bates
This must get out .. please ping your lists. Thank you .. ;)

Please ping your list Norman.

52 posted on 09/17/2008 11:08:22 PM PDT by 1035rep (McCain/Palin 08)
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To: tallyhoe

The U.S. Department of Housing and Urban Development (HUD) has oversight responsibilities for the housing mission of Freddie Mac.

Under the GSE Act, Freddie Mac also must obtain the approval of the Secretary of HUD for any new programs we undertake that are significantly different from programs that have been previously approved.


53 posted on 09/17/2008 11:10:41 PM PDT by NoLibZone (Fannie Mae & Freddie Mac - are not facing any kind of financial crisis,'' Barney Frank 9-10-03)
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To: Grampa Dave; popdonnelly; jellybean; gpapa; Kathy in Alaska; MS.BEHAVIN; beachn4fun; ...

Pass it on ~~PING!


54 posted on 09/17/2008 11:17:20 PM PDT by STARWISE (They (Dims) think of this WOT as Bush's war, not America's war-RichardMiniter, respected OBL author)
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To: FlingWingFlyer
Yup! An now Raines is going to be able to do it again if Obammie is elected by the Obamanoids.

Exactly. One of a zillion reasons why Barack Hussein Obama MUST NOT become President.

55 posted on 09/17/2008 11:18:45 PM PDT by nutmeg (Imagine Commander-in-Chief Barack Hussein Obama... appointing US Supreme Court justices)
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To: Chaguito

Me Too!


56 posted on 09/17/2008 11:19:48 PM PDT by tallyhoe
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To: STARWISE

Wow... good stuff. I’ll ping everyone I know here... thanks!


57 posted on 09/17/2008 11:20:12 PM PDT by nutmeg (Imagine Commander-in-Chief Barack Hussein Obama... appointing US Supreme Court justices)
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To: StarFan; Dutchy; alisasny; BobFromNJ; BUNNY2003; Cacique; Clemenza; Coleus; cyborg; DKNY; ...
Excerpt:

A September 11, 2003 New York Times article shows that President Bush proposed “the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.” His proposal: An agency within the Treasury Department to supervise mortgage giants Fannie Mae and Freddie Mac. Fearing that mortgages would no longer be available to people who were unable to pay them back, Democrats eventually killed the proposal. The current meltdown in the mortgage industry is a direct result of giving mortgages to people who could not pay them back, a practice protected by Congressional Democrats.

58 posted on 09/17/2008 11:22:48 PM PDT by nutmeg (Imagine Commander-in-Chief Barack Hussein Obama... appointing US Supreme Court justices)
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To: nutmeg

bttt


59 posted on 09/17/2008 11:25:16 PM PDT by 1035rep (McCain/Palin 08)
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To: nutmeg

Thank you !


60 posted on 09/17/2008 11:25:30 PM PDT by STARWISE (They (Dims) think of this WOT as Bush's war, not America's war-RichardMiniter, respected OBL author)
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To: nutmeg

BTTT!


61 posted on 09/17/2008 11:27:03 PM PDT by Jet Jaguar (Who would the terrorists vote for?)
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To: tallyhoe

Some how this needs to get into an ad in all the states.


62 posted on 09/17/2008 11:28:18 PM PDT by OKIEDOC (The Difference Between Palin and Obama is Common Sense, She's GOT IT, He DOESN'T)
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To: Jet Jaguar; nutmeg; NormsRevenge; All

“The truth is that reformers like McCain tried to prevent this from happening, but the Democrats and a few Republicans opposed him, and now we have a disaster on our hands. This could be a make or break issue for McCain, and it’s up to him to set the record straight.

John McCain speaking to the Senate on May 25, 2005:

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.

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://pawatercooler.com/?p=6336


63 posted on 09/17/2008 11:31:16 PM PDT by STARWISE (They (Dims) think of this WOT as Bush's war, not America's war-RichardMiniter, respected OBL author)
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To: STARWISE

video unearthed CEO of Fannie Mae telling Obama and the Democrats that they are the “Family” the “Conscience” of Fannie Mae.

http://www.youtube.com/watch?v=usvG-s_Ssb0


64 posted on 09/17/2008 11:32:32 PM PDT by Pacothecat
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To: Pacothecat

I just can’t say what I’m thinking
is the part of Fannie Mae I think
those criminals are.


65 posted on 09/17/2008 11:34:49 PM PDT by STARWISE (They (Dims) think of this WOT as Bush's war, not America's war-RichardMiniter, respected OBL author)
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To: STARWISE

BTTT


66 posted on 09/17/2008 11:44:21 PM PDT by 1035rep (McCain/Palin 08)
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To: tallyhoe

This should be run by EVERY Republican in the country. This is election turning stuff.


67 posted on 09/17/2008 11:47:36 PM PDT by SideoutFred (B.O. Stinks...it really does)
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To: Pacothecat

That should have it’s own thread. Thanks for posting.


68 posted on 09/17/2008 11:50:52 PM PDT by 1035rep (McCain/Palin 08)
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To: tallyhoe; neverdem

ping.


69 posted on 09/17/2008 11:56:12 PM PDT by Jet Jaguar (Who would the terrorists vote for?)
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To: tallyhoe

Bttt


70 posted on 09/17/2008 11:58:53 PM PDT by Lexinom
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To: Jet Jaguar

thanks, bfl


71 posted on 09/17/2008 11:59:52 PM PDT by neverdem (I'm praying for a Divine Intervention.)
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To: Pacothecat

BUSTED.


72 posted on 09/18/2008 12:02:00 AM PDT by Lexinom
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To: tallyhoe

Bush tried to fix this and so did McCain.

So of COURSE the Democrats blame them for what they themselves did.


73 posted on 09/18/2008 12:43:06 AM PDT by PowerPro (McCain/Palin FTW)
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To: Chaguito
You might discern that I have lost a substantial amount of retirement income in the last couple of days.

Same here. I always thought they would do it via inflation though.

74 posted on 09/18/2008 12:43:41 AM PDT by foxfield
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To: JennysCool
I don’t like Bush, but if he did that, he deserves credit.

I think history will be kind to President Bush.

75 posted on 09/18/2008 12:55:05 AM PDT by foxfield
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To: tallyhoe

http://hennessysview.com/


76 posted on 09/18/2008 12:56:36 AM PDT by dixiechick2000 (Sarah'cuda Rocks)
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To: tallyhoe; Admin Moderator

Sorry...wrong link.

http://hennessysview.com/2008/09/15/franklin-raines-criminal-enterprise-and-barack-obama-his-accomplice/

I don’t know if this guy is legit or not.
But...it kinda made sense.

Mod...delete if necessery...I’m not up to speed.


77 posted on 09/18/2008 1:05:26 AM PDT by dixiechick2000 (Sarah'cuda Rocks)
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To: foxfield

I do too. I have to note that the quote above your post wasn’t mine.


78 posted on 09/18/2008 1:09:30 AM PDT by JennysCool (A man who served his country well vs. a walking Che poster. Is it really that tough a choice?)
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To: tallyhoe; 4woodenboats

documentation of dems muffing fannie


79 posted on 09/18/2008 1:26:18 AM PDT by 4woodenboats (***NEVER FORGET*** - Our Marines, Sailors & Troops are still fighting and need our support***)
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To: Chaguito
I think we should start sending letters directly to Bush, telling him that speaking out now - the "I told the Rats we were going to have problems but they ignored me so now the country is screwed" that he's avoided on so many fronts in the name of civility - has cost us our retirements, so exposing the rats NOW - would make things just a little better, knowing that it won't happen a second time if we ever manage to make that money back.

If he's got proof that he tried to rein in F&F, WTF is he standing there taking all the blame like some damn pinata?

80 posted on 09/18/2008 1:45:23 AM PDT by 4woodenboats (***NEVER FORGET*** - Our Marines, Sailors & Troops are still fighting and need our support***)
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To: tallyhoe
"At the time, the companies and their allies beat back efforts for tougher oversight by the Treasury Department, the Federal Deposit Insurance Corporation or the Federal Reserve. Supporters of the companies said efforts to regulate the lenders tightly under those agencies might diminish their ability to finance loans for lower-income families. This year, however, the chances of passing legislation to tighten the oversight are better than in the past."
81 posted on 09/18/2008 2:01:10 AM PDT by grimalkin (For everyone but America the free world is mostly a free ride. -Mark Steyn)
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To: Pacothecat

Hah, I was just getting ready to post that youtube.

Let’s me know FReepers are always on it! :)

bump


82 posted on 09/18/2008 2:11:37 AM PDT by CaliGirl-R
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To: JennysCool
I have to note that the quote above your post wasn’t mine.

Oops! Sorry about that. I'll opt for the "too early in the morning, haven't had first cup of coffee" excuse.

83 posted on 09/18/2008 2:41:07 AM PDT by foxfield
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To: farmer18th

farmer18th, the Oxygen thief.

The tone of your post is entirely suspect of a libtard suffering from BDS.

Go back to farming your 18 little green Bud plants in your hyponics lab.


84 posted on 09/18/2008 2:54:07 AM PDT by Gemsbok (CIC means Commmander-in-Chief,....NOT CommunityOrganizer-in-Chief or Comrad-in-Chief)
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To: STARWISE

First, she helped cause 9-11 with her asinine “wall”, and THEN she steals 26 million dollars from us? I’d say she should more jail time than Martha Stewart. I am so with you on treating her as the felon she is. People like her are a cancer in our country.

I’m so outraged, I can’t even find non-profane words to express myself!


85 posted on 09/18/2008 3:35:29 AM PDT by alwaysconservative (I think, therefore, I vote Republican. McCain-Palin 2008)
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To: tallyhoe

After the SPECIAL PROSECUTOR is finished. First things first.


86 posted on 09/18/2008 4:17:40 AM PDT by Rapscallion (The Democrat Party is showing the same signs of mental illness that most hate groups show.)
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To: BGHater

What is ridiculous are the Bush Haters on this forum pretending to Republicans and taking shots at him when he tried to do what was right.


87 posted on 09/18/2008 4:45:37 AM PDT by Grampa Dave (I do not want to know the type of person, who does not like Sarah Palin!)
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To: tallyhoe

Its the Corruption Stupid!! This was caused by the Dems in DC.

Pray for W, McCuda and Our Troops


88 posted on 09/18/2008 4:49:58 AM PDT by bray (Drill Congress!!)
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To: Chaguito; SierraWasp; BOBTHENAILER; Liz; bert; Milhous

“You might discern that I have lost a substantial amount of retirement income in the last couple of days.”

I will be 70 in November, and I can’t tell you the number of times the market has dropped even worse then the past few days. I stayed invested and particuliarly in funds with the S&P and other indexes until Pelosi and Reid took over congress. We started getting out of most mutual funds after Reid and Pelosi took over. In May of their first year of terror, we had auto sell on our index funds set at 6% losses fortunately. That May dip converted our index funds to money markets.

We are basically in CDs, AAA Bonds (no Fannie nor Freddie), two good mutual funds, and enough GLD (the gold index)that we could live a year or more if the bottom drops out.

My advise to my early 40 something sons, nieces and nephews, fund the maximum you can with your 401’s and IRA. Buy SPY, DIA and MDY or funds based on those indexes.

These index funds will weed out the crap and BS, and when the market rebounds they will rise in value.

Stay away from Bond Funds as they are often loaded with Fannie and Freddie and worse.

If you are really concerned about your retirement savings, make sure that Obami and his thugs don’t get elected.

Hang in there and be glad you don’t live in Russia where the markets have been closed for at least 2 days.


89 posted on 09/18/2008 5:00:50 AM PDT by Grampa Dave (I do not want to know the type of person, who does not like Sarah Palin!)
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To: 1035rep
Excellent! You might want to consider making this your tagline:

Because the New Media, libtards and FReeper trolls never give President Bush credit for anything.

90 posted on 09/18/2008 5:04:32 AM PDT by Grampa Dave (I do not want to know the type of person, who does not like Sarah Palin!)
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To: tallyhoe

“Because the New Media, libtards and FReeper trolls never give President Bush credit for anything.”

Now these bastards, who stabbed him in the back 24/7/365 are blaming him for what he tried to avoid years ago.


91 posted on 09/18/2008 5:07:13 AM PDT by Grampa Dave (I do not want to know the type of person, who does not like Sarah Palin!)
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To: tallyhoe

Thanks for posting this.


92 posted on 09/18/2008 5:19:48 AM PDT by bamahead (Few men desire liberty; most men wish only for a just master. -- Sallust)
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To: BGHater
They are both at fault. This is getting ridiculous.

You're not part of the solution if you, like McCain, keep insisting this is not a Democrat scandal. Look at the top 3 recipients of $$$ from Fannie Mae. They are Democrats. And Obama is #2 on the list of receiving the most money from them, even though he's only been in the Senate for 3 or 4 years!

93 posted on 09/18/2008 5:34:01 AM PDT by library user
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To: Aria
We need a mob with torches and pitchforks to decend on D.C.

They have flat out robbed us.

I could not agree with you more. However, most Americans do not care. They have to get the beer, popcorn, pizza ordered, stock up on smokes, and get ready for the big games this weekend. No time for this stuff. Most think that the thieves in D.C., formerly known as politicians, are going to screw up anything they get involved with anyway. So, never mind.

94 posted on 09/18/2008 5:35:53 AM PDT by RetiredArmy (Obama's mama was a Seattle Marxist, trained him, thus he is a Marxist. A communist.)
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To: BGHater

You are correct - there is blame on both sides. But you had the Chosen One come out and take a direct shot at Republicans and is trying to lay this totally on Bush. If ever there was a need for a full investigation, this is it.


95 posted on 09/18/2008 5:36:30 AM PDT by jersey117
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To: jersey117

Where’s the Special Prosecutor when you really need him. Half of Congress and all of Obama’s Moneymen should be under indictment for fraud and bribery.


96 posted on 09/18/2008 5:48:51 AM PDT by Rodm (Seest thou a man diligent in his business? He shall stand before kings)
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To: tallyhoe

“Fearing that mortgages would no longer be available to people who were unable to pay them back”

At that point, it’s not a mortgage, it’s a handout.


97 posted on 09/18/2008 5:50:07 AM PDT by MIT-Elephant ("Armed with what? Spitballs?")
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To: Grampa Dave

***What is ridiculous are the Bush Haters on this forum pretending to be Republicans and taking shots at him when he tried to do what was right.***

You’re absolutely right, Grampa. And let’s remember that Jamie Gorelick was the same person who made it impossible for the FBI to share information with the CIA and yet managed to make millions for herself from Fannie and Freddie. With people like that involved in the mortgage industry, Bush was absolutely right to ask Congress for an overseer.


98 posted on 09/18/2008 6:25:21 AM PDT by kitkat (EX DEO LIBERTAS (From God, liberty))
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To: alwaysconservative

I’m so outraged, I can’t even find non-profane words to express myself!

~~~~

I’m in the same boat ... deep breathing
to prevent neck vein explosion.


99 posted on 09/18/2008 7:13:51 AM PDT by STARWISE (They (Dims) think of this WOT as Bush's war, not America's war-RichardMiniter, respected OBL author)
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To: STARWISE
Yep, W tried to do what he could here, with energy (Cheney meeting with all the minds in the field and getting bashed unmercifully for it), and with social security...

In every case, he got ridiculed and the discussion stalled and faded away as something to fix.

So sad.

I like the idea of the mobs with lighted torches marching on up to the steps of Congress.

We need to do what Sarah Palin did in Alaska...fire 'em all, and re-interview them for their jobs. That way we can keep the good (and they'll have to prove themselves) and permanently get rid of the bad.

W's talking on TV now - He's got my fav lucky tie on, too...orange!

100 posted on 09/18/2008 7:17:44 AM PDT by NordP (PALIN POWER: She's Ronald Reagan in heels & Teddy Roosevelt in a dress!)
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