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Government plans new credit, mortgage programs($800bn)
AP ^ | 11/25/08 | JEANNINE AVERSA

Posted on 11/25/2008 6:50:48 AM PST by TigerLikesRooster

Government plans new credit, mortgage programs

By JEANNINE AVERSA, AP Economics Writer 19 mins ago

WASHINGTON – The government introduced a pair of new programs Tuesday that will provide $800 billion to help unfreeze the market for consumer debt and to make mortgage loans cheaper and more available.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: 1984; 666; bailout; beast; bigbrother; bureau; bush; bushbailout; bushsellout; credit; creditrating; database; fed; federalreserve; fico; government; herewegoagain; mortgage; newworldorder; nwo; orwellian; redlining; sellout; socialism; socialist; surveillance; talf; thebeast; un

1 posted on 11/25/2008 6:50:48 AM PST by TigerLikesRooster
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To: TigerLikesRooster; PAR35; bamahead; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; ...

Ping!


2 posted on 11/25/2008 6:51:17 AM PST by TigerLikesRooster (kim jong-il, chia head, ppogri, In Grim Reaper we trust)
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To: TigerLikesRooster

they lift their goals daily

and print more money.


3 posted on 11/25/2008 6:52:55 AM PST by ken21 (people die and you never hear from them again.)
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To: TigerLikesRooster
Make the loans cheaper and more available?

Isn't this what got us into this mess in the first place?

4 posted on 11/25/2008 6:54:38 AM PST by 3catsanadog (I plan to give the new President the same respect and dignity the other side gave Bush.)
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To: 3catsanadog

I think everyone should go out and max out their credit cards to stock up on food, generators and ammo that we will need when it all comes crashing down.


5 posted on 11/25/2008 6:56:35 AM PST by Heartland Mom ("Government's first duty is to protect the people, not run their lives." - Ronald Reagan)
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To: TigerLikesRooster
The government introduced a pair of new programs Tuesday that will provide $800 billion

Hey it's only money, we can always print up more.

6 posted on 11/25/2008 6:58:12 AM PST by garbanzo (Government is not the solution to our problems. Government is the problem.)
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To: TigerLikesRooster

This appears to be ON TOP OF the $850 BILLION dollar “emergency” TARP

and this precedes the additional so-called $700 BILLION “stimulus” Obummer plans to sign at noon on January 21st

Dear God, what about our Constitution that specifies only Congress was authorized to spend our money?????

Paulsen is out of control, a blind man trying to stuff a crumbling dike with wads of billon dollar bills

Last night former Treasury Secretary Paul O’Neill said....the bill to the taxpayers will come due next year. Then, there may be no protections left from extraordinary inflation and unemployment. Because ALL this latest debt is being piled on top of $53 TRILLION in existing obligations


7 posted on 11/25/2008 7:01:05 AM PST by silverleaf (Fasten your seat belts- it's going to be a BUMPY ride.)
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To: TigerLikesRooster

Okay, so yesterday it was $20B for Citi, today it’s $800B for consumer credit. What’s on the menu tommorrow?

Where is all this money coming from?????


8 posted on 11/25/2008 7:03:20 AM PST by vidbizz
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To: silverleaf

Ok, so scratch yesterdays plan to pay off my mortgage and hunker down. Here’s the new one: refi through the government giveaway circus, default, then let them write off my loan as a toxic asset. Bingo, I’m going to Vegas!


9 posted on 11/25/2008 7:07:30 AM PST by Jack of all Trades (FauxBama - Bait and switch you can believe in)
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To: vidbizz
Open your account book in the computer. You put $xxx bn of new debt on your book, and loan it out to yourself, promising that you pay it back to yourself. It sort-a goes like that.
10 posted on 11/25/2008 7:08:38 AM PST by TigerLikesRooster (kim jong-il, chia head, ppogri, In Grim Reaper we trust)
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To: TigerLikesRooster

Let’s see....that would make it around $8.3 Trillion Dollars that the Federal Reserve and the Treasury have blown through together over the past few months, and this injection of cash will no doubt just act as even more lubricant on the slippery slope to financial oblivion.

Wonder what the Markets will think of this news...


11 posted on 11/25/2008 7:11:17 AM PST by Bean Counter (Stout Hearts.....)
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To: TigerLikesRooster

If my name is Whitey Whitney do I qualify?


12 posted on 11/25/2008 7:13:16 AM PST by EyeGuy (Obama will deliver America on a Leash to an envious world.)
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To: TigerLikesRooster; All
U.S. Pledges Top $7.7 Trillion to Ease Frozen Credit (Update2)
13 posted on 11/25/2008 7:15:42 AM PST by OB1kNOb (I for one will NOT welcome our new Marxist overlords, come January 20th!)
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To: TigerLikesRooster; All
"Government plans new credit, mortgage programs($800bn)"


14 posted on 11/25/2008 7:28:49 AM PST by musicman
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To: vidbizz

Its not real money its digital money, just ones and zeros in a computer.

None of this is being printed; in fact I doubt it’s even possible to print the amounts they have been talking about unless they start printing million dollar bills.


15 posted on 11/25/2008 7:30:04 AM PST by Bloodclot
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To: silverleaf; All
"Paulsen is out of control, a blind man trying to stuff a crumbling dike with wads of billon dollar bills..."


16 posted on 11/25/2008 7:30:29 AM PST by musicman
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To: silverleaf

What about the fact that the Constitution authorizes NONE of this?

Oh that’s right, we’ve tossed aside that little inconvenience.


17 posted on 11/25/2008 8:00:22 AM PST by djsherin
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To: musicman

LOL!!!


18 posted on 11/25/2008 8:27:19 AM PST by silverleaf (Fasten your seat belts- it's going to be a BUMPY ride.)
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To: EyeGuy
If my name is Whitey Whitney do I qualify?

For re-education camp.

19 posted on 11/25/2008 8:29:56 AM PST by Stentor (b. July 4, 1776 - d. January 20, 2009 sorely missed.)
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To: TigerLikesRooster
"Government [Democratic Controlled Congress and the incoming Democratic/Marxist President Obama] plans new credit, mortgage programs($800bn)"

Fixed it for the "How Obama Got Elected" morons...

20 posted on 11/25/2008 8:45:58 AM PST by avacado
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To: TigerLikesRooster
Oddly, the story has changed since you posted it. Now there is no reference to mortgage programs, only consumer credit.

Damn it, and I need to refi before all hell breaks loose.

21 posted on 11/25/2008 8:46:51 AM PST by Semper911 (When you want to rob Peter to pay Paul, you'll always have the support of Paul.)
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To: silverleaf
"Dear God, what about our Constitution that specifies only Congress was authorized to spend our money?????"

Specifically the House of Representatives. This is Pelosi's turkey all the way.

22 posted on 11/25/2008 8:47:28 AM PST by avacado
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To: Heartland Mom

I’m posting stuff to a preparedness thread these days. You can find the link in my tagline. Over 7000 posts and going strong!

http://www.freerepublic.com/focus/chat/1990507/posts


23 posted on 11/25/2008 9:15:08 AM PST by TenthAmendmentChampion (The best thread on FreeRepublic is here: http://www.freerepublic.com/focus/chat/1990507/posts)
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To: 3catsanadog
Make the loans cheaper and more available? Isn't this what got us into this mess in the first place?

Yes, it's a "hair of the dog" solution - and it won't work.

24 posted on 11/25/2008 6:10:22 PM PST by GOPJ (The CITI/ financial dike has sprung 500 leaks - we need an engineer - not more fingers.)
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