Posted on 10/01/2008 6:21:52 AM PDT by Scythian
More details to come, it was settled out of court and involved either CitiCorp or CitiBank.
Thanks for posting! Looking forward to more details on this.
LEXIS/NEXIS is currently printing money on this one. Maybe the courthouse surfers will be having a field day. FOIA will be suspended by noon.
Everyone got things up side down! I am not opposed to giving a lot of people a chance to buy their own homes but if they are a poor risks deserve higher intrest rates.
Give them the loan at the higher rate. If they make their payments as scheduled for “X” number of years they have become a better risk. As a better risk they should be rewarded with a lower rate.
If his is true, I would think that would be a fairly major news item for some talk show host.
I like to tell people “I’m gonna vote for her because she’s cute”.
ARRRGGGGG!!! There is TONS of stuff out there on Obama and it does not seem like the Republicans and McCain are using it.
They should be making adds asking the american public if they want Chicago style politics for the entire country?? Then show clips of stuff on Tony Rezko, and Jerimiah Wright and acorn lawsuits.
We need to link Obama to this Freddie and Fannie cover up using the tape of Maxine Waters and company grilling the regulators.
We need to show tapes of Obama and Biden making their stupid comments that the media wont show.
Where is the RNC??? Where are the 527’s??? Where are the McCain adds??
Heck I can’t even get my darn bumper stickers and yard signs I ordered and paid for a month ago!!!!
I have seen better political adds on youtube made by ordinary citizens than what the GOP is putting on TV!!!
Exaclty...Obama’s been in the middle of the engineering of this, from the foot soldier stage through litigation right up to the leadership stage for a long time.
This is the bailout I am hoping for:
Im was against the $85 Million bailout of AIG. (already done)
Instead, Im in favor of giving $85 Million to
America in a We Deserve It Dividend.
To make the math simple, lets assume there are
200 million bonafide U.S. Citizens 18+.
Our population is about 301, million+/- counting every man,
woman and child. So 200 million might be a fair stab at
adults 18 and up..
So divide 200 million adults 18+ into $85 billion that
equals $425,000.
My plan is to give $425,000 to every person 18+ as a We
Deserve It Dividend.
They are considering giving wall street $700 BILLION. If they would give us only as much as they gave AIG .Shoot, the CEO s of Fannie mae and Freddie Mac, who work for Obama, got over $20 million for leaving the tax payer backed company in ruin.. Tony Rezko got $11 million in the Chicago taxpayer backed housing planand left the public housing in ruinWhy shouldnt the People who ARE the government get this measly $425,000?
Just think what could happen. Really.
Of course, it would NOT be tax free. So lets assume a
tax rate of 30%. (current tax laws, not Obamas plan)
Every individual 18+ has to pay $127,500 in taxes. That
sends $25 million right back to Uncle Sam.
But it means that every adult 18+ has $297,500 in their
pocket. A husband and wife has $595,000.
What would you do with $297,500 to $595,000 in your
family?
Pay off your mortgage - housing crisis solved.
Repay college loans - what a great boost to new grads
Put away money for college - education crisis solved
Send kids to private schooleducation equal and fair
Save in a bank - bank crisis solved. Create money to loan to entrepreneurs.
Buy a new car - save auto industry
Start a small businesscreate jobs
Invest in the market - capital drives growth
Pay for your medical insurance - health care
improves
Enable Deadbeat Dads to come clean - or else
Remember this is for every adult U S Citizen 18+ including
the folks who lost their jobs at Lehman Brothers and every
other company that is cutting back. And of course, for those
serving in our Armed Forces.
If were going to re-distribute wealth lets really do
it
instead of trickling out a puny $1000 ( vote
buy ) economic incentive.
If were going to do an $85 billion bailout, lets bail
out every adult U S Citizen 18+!
Sure its a crazy idea that can never work.
But can you imagine the Coast-To-Coast Block Party!
How do you spell Economic Boom?
I trust my fellow adult Americans to know how to use the
$85 Billion We Deserve It Dividend, more than I do the geniuses on Wall Street, or in Washington DC.
And remember, The We Deserve It Dividend plan only really costs $59.5
Billion because $25.5 Billion is returned instantly in taxes
to Uncle Sam.
BTTT
‘Obama=ACORN’ v. Citibank
http://iusbvision.wordpress.com/2008/09/30/obama-sued-citibank-under-cra-to-force-it-to-make-bad-loans/
ping
Where ARE the 527’s? I would think McCain’s former prisoners would make a commercial, without his consent.
Juuuuuuuuussssssssssssssssssst a bit outside.
John / Billybob
“I am not opposed to giving a lot of people a chance to buy their own homes but if they are a poor risks deserve higher intrest rates.”
—oh you mean like... “free market” ???
that is the whole point. once the government gets involved in mandating business practices...
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