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Fannie Mae, Freddie Mac to delist shares from NYSE (Breaking)
WaPo/AP ^ | 6/16/2010

Posted on 06/16/2010 6:06:52 AM PDT by SonOfDarkSkies

Edited on 06/16/2010 6:08:26 AM PDT by Admin Moderator. [history]

Government-sponsored mortgage purchasers Fannie Mae and Freddie Mac plan to delist their shares from the New York Stock Exchange.


(Excerpt) Read more at washingtonpost.com ...


TOPICS: Breaking News; News/Current Events
KEYWORDS: carboncreditpatent; davidgregoryswife; lping; nbccoverup
Navigation: use the links below to view more comments.
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1 posted on 06/16/2010 6:06:52 AM PDT by SonOfDarkSkies
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To: SonOfDarkSkies

Oh..TRASH STOCKS....

Fannie Mae shares closed Tuesday at 92 cents, while Freddie Mac shares closed at $1.22.


2 posted on 06/16/2010 6:10:08 AM PDT by GRRRRR (He'll NEVER be my President, FUBO!)
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To: SonOfDarkSkies
Over-the-Counter Bulletin Board,
More like under the table deals for politicians. Speculate on shares going up and down based on policy you legislate. Now that's a scam worthy of Maddoff.
3 posted on 06/16/2010 6:10:43 AM PDT by dblshot (Insanity - electing the same people over and over and expecting different results.)
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To: SonOfDarkSkies

“Shocking Video [from 2008] Unearths Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis”

http://www.youtube.com/watch?v=_MGT_cSi7Rs


4 posted on 06/16/2010 6:11:25 AM PDT by ETL (ALL (most?) of the Obama-commie connections at my FR Home page: http://www.freerepublic.com/~etl/)
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To: SonOfDarkSkies

Where’s Barney Frank on this move?

We have idiots destroying our country!!!


5 posted on 06/16/2010 6:12:40 AM PDT by surfer (To err is human, to really foul things up takes a Democrat, don't expect the GOP to have the answer!)
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To: dblshot
http://www.glennbeck.com/content/articles/article/198/40154/

Assembling the Team

During 2000 and 2001, the Joyce Foundation, a progressive trust with assets near $1 billion, known for funding groups like Center for American Progress and Tides Foundation, provided grants to CCX totaling $1.1 million. State Senator Obama served on the foundation’s board of directors during that time and was instrumental in awarding the grants.

Shortly after the first grant was approved, the president of The Joyce Foundation, Paula DiPerna, left to join the executive team of CCX. Other notables with familiar names soon followed.

• Former Vice-President Al Gore became part-owner of CCX when his company, Generation Investment Management, made a sizeable investment. Gore brought with him his senior partner at GIM, David Blood, former CEO of Goldman Sachs Asset Management, along with a company chalk full of former Goldman Sachs’ executives

• Goldman Sachs itself soon joined the team buying a ten percent interest in CCX

• Maurice Strong, once linked to Tongsun Park, the central figure in the United Nation’s oil-for-food scandal in 2005 and one of the architects of the Kyoto Protocol, joined the CCX board of directors

• Carlton Bartels was one of the first, and perhaps most important, additions to the CCX roster. As CEO of a company called CO2e, Bartels developed and delivered the actual guts of the exchange — a system for facilitating and managing the actual carbon trades

Strange Bedfellows

Just three weeks after filing for a patent for his carbon trade system, Bartels was killed during the attacks of 9/11. Bartels’ death opened the door for a new partner to join CCX, easily the oddest fit of them all: Fannie Mae. In a move still unexplained, the quasi-governmental mortgage agency, led by CEO Franklin Raines, purchased the rights to the system from Bartel’s widow. A patent on the invention was granted to Raines and Fannie Mae on November 7, 2006, ironically, the day after the Democrats regained control of Congress. According to Barbara Hollingsworth of the Washington Examiner, the patent covers both the “cap” and “trade” parts of Obama’s top domestic energy initiative and gives Fannie Mae proprietary control over the automated trading system used by Sandor’s CCX.

When asked about the patent recently Fannie Mae communications director Amy Bonitatibus told the Washington Examiner, “Fannie Mae earns no money on this patent. We can’t conjecture as to the cap-and-trade legislation.” A source close to Fannie Mae, however, says a plan is in place to funnel future earnings from the patent to a non-profit housing organization called Enterprise Community Partners. Ironically, Raines, who left Fannie Mae in 2004 amidst allegations that he inflated earnings reports in order to collect higher bonuses ($52 million in bonuses over 5-years; $90 million in total compensation), serves on the board of trustees at Enterprise. In a continuation of theme, Goldman Sachs also has a representative on the board in the person of Alicia Glen.

//

“Just three weeks after filing for a patent for his carbon trade system, Bartels was killed during the attacks of 9/11.”

http://www.freerepublic.com/focus/f-news/2046736/posts

“Guess who’s been involved intimately with Fannie Mae? Does the name Jamie Gorelick ring a bell?

This woman is everywhere, and

***
Jamie Gorelick got a 26 million payout when she left the place.
***

http://www.freerepublic.com/focus/news/2053986/posts

Jamie Gorelick’s Cloudy Memory (mega clintonista wall gag alert)
American Thinker ^ | 7-29-08 | Ed Lasky

//

http://www.freerepublic.com/focus/f-news/1460263/posts

Fitting the Pieces Together—Able Danger, Jamie Gorelick & 9/11
The Strata-Sphere ^ | August 9, 2005 | Bronc1

6 posted on 06/16/2010 6:14:10 AM PDT by maggief
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To: SonOfDarkSkies

NEW YORK (MarketWatch) — Fannie Mae /quotes/comstock/13*!fnm/quotes/nls/fnm (FNM 0.92, +0.01, +1.14%) said Wednesday that it is delisting its common and preferred shares from the New York Stock Exchange and the Chicago Stock Exchange after being told to take the move by its regulator. Fannies move follows a similar action by Freddie Mac /quotes/comstock/13*!fre/quotes/nls/fre (FRE 1.22, +0.02, +1.67%) . Both mortgage finance giants are currently operating in government conservatorship. “This notice was made in response to notification by the NYSE on June 15, 2010 that the company no longer met NYSE continued listing standards relating to the minimum price of Fannie Mae’s common stock and to the issuance of a directive dated June 16, 2010 by the Federal Housing Finance Agency (FHFA), Fannie Mae’s conservator, for Fannie Mae to delist its common and preferred stock from the NYSE and any other U.S. stock exchange where its common and preferred stock are listed,” the company said.

http://www.marketwatch.com/story/fannie-mae-to-delist-shares-from-nyse-2010-06-16-829170


7 posted on 06/16/2010 6:15:19 AM PDT by Gabrial (The Whitehouse Nightmare will continue as long as the Nightmare is in the Whitehouse)
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To: Abathar; Abcdefg; Abram; Abundy; akatel; albertp; AlexandriaDuke; Alexander Rubin; Allerious; ...
And just guess who they'll be coming to for their capital now...



Libertarian ping! Click here to get added or here to be removed or post a message here!
View past Libertarian pings here
8 posted on 06/16/2010 6:16:25 AM PDT by bamahead (Few men desire liberty; most men wish only for a just master. -- Sallust)
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To: surfer
These are amazing times in this Country. Fannie and Freddie moving to the OTC....Thanks Obama/Democrat Party!

Story here:

http://www.cnbc.com/id/37726693

9 posted on 06/16/2010 6:16:48 AM PDT by Rational Thought
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To: SonOfDarkSkies

That’s all right...My GM stock will save me....


10 posted on 06/16/2010 6:17:08 AM PDT by Sacajaweau (What)
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To: GRRRRR

Consider how many shares are outstanding and what has happened to their value over the last two years. 1.2 Billion shares of which 15% are held by institutions have been turned to trash by OUR government! Their should be a moster class action shareholders’ lawsuit.


11 posted on 06/16/2010 6:17:12 AM PDT by BillM
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To: surfer
Where’s Barney Frank on this move?

Media Mum on Barney Frank's Fannie Mae Love Connection:
Democratic House Financial Services Committee Chair promoted GSEs while former 'spouse' was Fannie Mae executive

By Jeff Poor
Business & Media Institute, 9/24/2008

excerpt...

"Frank, who is openly gay, had a relationship with Herb Moses, an executive for the now-government controlled Fannie Mae. The column revealed the two had split up at the time but also said Frank was referring to Moses as his "spouse." Another Washington Post report said Frank called Moses his "lover" and that the two were "still friends" after the breakup.

Frank was and remains a stalwart defender of Fannie Mae, which is now under FBI investigation along with its sister organization Freddie Mac, American International Group Inc. (NYSE:AIG) and Lehman Brothers (NYSE:LEH) – all recently participants in government bailouts. But Frank has derailed efforts to regulate the institution, as well as denying it posed any financial risk."

http://www.businessandmedia.org/printer/2008/20080924145932.aspx
____________________________________________________________

Lawmaker Accused of Fannie Mae Conflict of Interest

By Bill Sammon, October 03, 2008

WASHINGTON -- Unqualified home buyers were not the only ones who benefitted from Massachusetts Rep. Barney Frank’s efforts to deregulate Fannie Mae throughout the 1990s.

So did Frank’s partner, a Fannie Mae executive at the forefront of the agency’s push to relax lending restrictions.

Now that Fannie Mae is at the epicenter of a financial meltdown that threatens the U.S. economy, some are raising new questions about Frank's relationship with Herb Moses, who was Fannie’s assistant director for product initiatives. Moses worked at the government-sponsored enterprise from 1991 to 1998, while Frank was on the House Banking Committee, which had jurisdiction over Fannie.

Both Frank and Moses assured the Wall Street Journal in 1992 that they took pains to avoid any conflicts of interest. Critics, however, remain skeptical.

"It’s absolutely a conflict," said Dan Gainor, vice president of the Business & Media Institute. "He was voting on Fannie Mae at a time when he was involved with a Fannie Mae executive. How is that not germane?

"If this had been his ex-wife and he was Republican, I would bet every penny I have - or at least what’s not in the stock market - that this would be considered germane," added Gainor, a T. Boone Pickens Fellow. "But everybody wants to avoid it because he’s gay. It’s the quintessential double standard."

A top GOP House aide agreed.

"C’mon, he writes housing and banking laws and his boyfriend is a top exec at a firm that stands to gain from those laws?" the aide told FOX News. "No media ever takes note? Imagine what would happen if Frank’s political affiliation was R instead of D? Imagine what the media would say if [GOP former] Chairman [Mike] Oxley’s wife or [GOP presidential nominee John] McCain’s wife was a top exec at Fannie for a decade while they wrote the nation’s housing and banking laws."

Frank’s office did not immediately respond to requests for comment.

Frank met Moses in 1987, the same year he became the first openly gay member of Congress.

"I am the only member of the congressional gay spouse caucus," Moses wrote in the Washington Post in 1991. "On Capitol Hill, Barney always introduces me as his lover."

The two lived together in a Washington home until they broke up in 1998, a few months after Moses ended his seven-year tenure at Fannie Mae, where he was the assistant director of product initiatives. According to National Mortgage News, Moses "helped develop many of Fannie Mae’s affordable housing and home improvement lending programs."

Critics say such programs led to the mortgage meltdown that prompted last month’s government takeover of Fannie Mae and its financial cousin, Freddie Mac. The giant firms are blamed for spreading bad mortgages throughout the private financial sector.

Although Frank now blames Republicans for the failure of Fannie and Freddie, he spent years blocking GOP lawmakers from imposing tougher regulations on the mortgage giants. In 1991, the year Moses was hired by Fannie, the Boston Globe reported that Frank pushed the agency to loosen regulations on mortgages for two- and three-family homes, even though they were defaulting at twice and five times the rate of single homes, respectively.

Three years later, President Clinton’s Department of Housing and Urban Development tried to impose a new regulation on Fannie, but was thwarted by Frank. Clinton now blames such Democrats for planting the seeds of today’s economic crisis.

"I think the responsibility that the Democrats have may rest more in resisting any efforts by Republicans in the Congress or by me when I was president, to put some standards and tighten up a little on Fannie Mae and Freddie Mac," Clinton said recently.

Bill Sammon is FOX News' Washington Deputy Managing Editor.

http://www.foxnews.com/printer_friendly_story/0,3566,432501,00.html

12 posted on 06/16/2010 6:17:30 AM PDT by ETL (ALL (most?) of the Obama-commie connections at my FR Home page: http://www.freerepublic.com/~etl/)
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To: Sacajaweau

lol...and thank God Grampa left me a ton of BP stock!


13 posted on 06/16/2010 6:18:49 AM PDT by SonOfDarkSkies (I never saw a wild thing sorry for itself...)
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To: SonOfDarkSkies

If Barney and Dodd were arrested that might solve some of the problem.


14 posted on 06/16/2010 6:20:58 AM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: bamahead

Thank you for this post !

It’s important to not forget (I know I did..) this very important relationship. I had stumbled across it when I was thoroughly impressed by the Wind Farm park in Somerset PA (I stopped in to see it.. One of the most surreal, best and worst mornings of my life) and I learned about some of the principals of the project, who were involved in the 9/11 plane crashes.

My research lead me down this road. This is a scary “conspiracy”. Vital importance.

Again, thank you for posting !


15 posted on 06/16/2010 6:21:04 AM PDT by Celerity
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To: SonOfDarkSkies

I wish I could dump them too.


16 posted on 06/16/2010 6:22:37 AM PDT by pnh102 (Regarding liberalism, always attribute to malice what you think can be explained by stupidity. - Me)
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To: Celerity

Is that the windmills you see driving on the PA Turnpike?


17 posted on 06/16/2010 6:24:09 AM PDT by advance_copy (Stand for life or nothing at all)
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To: freekitty

Why are Barney Frank and Chris Dodd still free?
The act as if they have immunity from all accountability.
Another thought, how many 401k accounts have freddie or fannie stocks?


18 posted on 06/16/2010 6:25:59 AM PDT by Texas resident (Outlaw fisherman)
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To: SonOfDarkSkies

No problem, the American Taxpayers (the 50% that actually pay income tax) will foot the bill. I read one article a couple of days ago that said the taxpayers were going to have to pump hundreds of billions into Fannie and Freddie (the hundreds of billions was a minimum figure, it could reach a trillion dollars or more).


19 posted on 06/16/2010 6:26:02 AM PDT by Stevenc131
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To: Stevenc131

Excuse my ignorance, but what does this article mean?


20 posted on 06/16/2010 6:26:50 AM PDT by Blue Turtle
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To: SonOfDarkSkies

Could someone translate this for the financially impaired?

(I’m assuming that the NYSE won’t trade their stock because its value is too low. Is that what this means?)


21 posted on 06/16/2010 6:27:17 AM PDT by KosmicKitty (WARNING: Hormonally crazed woman ahead!!)
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To: KosmicKitty

You’re assumption is correct!


22 posted on 06/16/2010 6:29:34 AM PDT by SonOfDarkSkies (I never saw a wild thing sorry for itself...)
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To: SonOfDarkSkies

Penny Stocks.................


23 posted on 06/16/2010 6:30:26 AM PDT by Red Badger (No, Obama's not the Antichrist. He's just some guy in the neighborhood.............)
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To: SonOfDarkSkies

All your mortgage are belong to the Obamulans


24 posted on 06/16/2010 6:31:40 AM PDT by DTogo (High time to bring back the Sons of Liberty !!)
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To: KosmicKitty

Correct......this BS that it was “planned” is just that: BS. They were probably going to be kicked out, so to save the regime some embarrassment, they got out in front of it and said it was “a plan.”..............


25 posted on 06/16/2010 6:32:07 AM PDT by Red Badger (No, Obama's not the Antichrist. He's just some guy in the neighborhood.............)
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To: KosmicKitty

It’s the financial equivalent (well, sort of) of a farmer being dropped as a supplier of tomatoes to the A & P and being forced to sell his produce at the local farmer’s market.


26 posted on 06/16/2010 6:33:21 AM PDT by SonOfDarkSkies (I never saw a wild thing sorry for itself...)
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To: SonOfDarkSkies; Red Badger

Thank you.

Never studied finance at school and wanted to be sure I understood this situation.


27 posted on 06/16/2010 6:35:10 AM PDT by KosmicKitty (WARNING: Hormonally crazed woman ahead!!)
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To: SonOfDarkSkies
Not sure what relevance this has, but here it goes...

[former US Treasury secretary Hank] Paulson claims Russia tried to foment Fannie-Freddie crisis

Financial Times ^ | Published: January 29 2010 21:06 | By Krishna Guha in Washington

Russia proposed to China that the two nations should sell Fannie Mae and Freddie Mac bonds in 2008 to force the US government to bail out the giant mortgage-finance companies, former US Treasury secretary Hank Paulson has claimed.

The allegation is in his memoir On the Brink in which he also suggests that Alistair Darling, the UK chancellor, blocked a rescue takeover of Lehman Brothers by Barclays Bank when he refused to support special treatment by UK regulators.

“Russian officials had made a top-level approach to the Chinese, suggesting that together they might sell big chunks of their GSE holdings to force the US to use its emergency authorities to prop up these companies,” he said.

Fannie and Freddie are known as GSEs or government sponsored enterprises.

“The Chinese had declined to go along with the disruptive scheme, but the report was deeply troubling,” he said. A senior Russian official told the Financial Times that he could not comment on the allegation.

Separately, Mr Paulson makes it clear that he believes that Mr Darling prevented a takeover of Lehman by Barclays out of fear that it would endanger the UK bank.

Mr Paulson said that Mr Darling telephoned him on Friday September 12 – as the US authorities were scrambling to find a buyer for Lehman – to express concern about a possible Barclays deal. Mr Paulson said that he did not realise at the time that this was a “clear warning”.

(Excerpt) Read more at ft.com ...

28 posted on 06/16/2010 6:37:48 AM PDT by ETL (ALL (most?) of the Obama-commie connections at my FR Home page: http://www.freerepublic.com/~etl/)
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To: maggief
More on Mrs. Gorelick....

http://www.freerepublic.com/focus/f-news/2526486/posts?page=45#45

Her law firm buddy, his job, and her being on the board with a firm working on Carbon Sequestering is such a co-wink-a-dink...

29 posted on 06/16/2010 6:37:51 AM PDT by taildragger ((Palin / Mulally 2012 ))
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To: SonOfDarkSkies
Another baneful creation of our worst president until the Kenyan Clown came along.

Fannie Mae, Social Security, the National Firearms Act, the seizure of people's gold by the fiat of executive order, threats of packing the Supreme Court: FDR's contempt for the Constitution was manifest, and he was all too successful at breaking the foundations of this country.

Reading through some of his executive orders, one can see that the outright contempt for our system was overwhelming.

30 posted on 06/16/2010 6:38:01 AM PDT by snowsislander (In this election year, please ask your candidates if they support repeal of the 1968 GCA.)
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To: maggief

Great post.


31 posted on 06/16/2010 6:41:48 AM PDT by stephenjohnbanker (Support our troops....and vote out the RINOS!)
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To: maggief

good post, thanks for those links.


32 posted on 06/16/2010 6:42:17 AM PDT by SueRae
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To: KosmicKitty; SonOfDarkSkies
So far, taxpayers have poured $145 billion into Fannie and Freddie to keep them afloat and to buoy the overall housing market. This should say:

So far, THE DEMOCRAT CONGRESS HAS WASTED YOUR HARD EARNED MONEY TO THE TUNE OF $145 billion into Fannie and Freddie to keep them afloat and to buoy the overall housing market.

33 posted on 06/16/2010 6:42:49 AM PDT by Red Badger (No, Obama's not the Antichrist. He's just some guy in the neighborhood.............)
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To: taildragger

thanks ... bookmark


34 posted on 06/16/2010 6:45:53 AM PDT by maggief
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To: advance_copy

Yes. If you get a chance, stop in. It is one of the most beautiful and depressing sites I’ve ever seen.

It’s very quiet. It’s on a farm, and the owners will be happy to see you. At the base of the highest mill is a small garden and plaque. My story :

The Pennapike can have some of the densest fog you’ve ever seen. I was travelling to my uncle’s place at about 5:30 am, and the sun was coming up. The fog was now illuminated against the bronze sun. Coming down the hillside to the Somerset exit, the sun was high enough to make the fog a dreary silver. From there I saw my first windmill.

It scared the sh*t out of me. It’s a medium sized one, apparently, but it was the largest animated object I had ever seen in my life. I swerved. This thing is like a Ray Bradbury vision . When I got off the exit, I followed the horizon. I HAD to see it up close.

When I got to the site, It was still under fog. I couldn’t see the top of the mill, nor the blades. I got out of my car and walked up through the eery silence to the gardens. I could only hear the blade swooping down as I walked (Woop....Woop... Wooop..) but I could see nothing. As I walked through the garden I stepped over beer bottles, trash, wood and other detritus that suggested a nightly teenage hang-out. The plaque there was graffiti vandalized, but it read of it’s brief history, and the history of those involved.

Apparently the site was to be opened on September 12th, 2001. It was to be the toast of the town, with local government and celebs on hand to christen the new turbine. The events of 9/11 unfolded, and the people mentioned above were on those flights. The party was cancelled, and the power switch was just turned on. No regalia.

The park was developed, but the entire site was basically scrapped and abandoned. The fog cleared slowly, and I got to see the enormous blades spinning away above my head.

It was stunning. I still remember the whole morning as if it just happened. I went to Meyersdale to check out the other windfarm, which is also a fantastic journey of driving and walking. The landbridge that connects the site to the road (The old Rails to Trails trail that crosses the highway) the windmills slowly peak out over the horizon. Again, a fulfilling afternoon.


35 posted on 06/16/2010 6:46:27 AM PDT by Celerity
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To: GRRRRR

This is hilarious! Anthony Sanders at George Mason University and Mercatus Center was on Bloomberg TV commenting on Fannie and Freddie losses. He then took a swat at Obama likening Fannie and Freddie and the BP oil leak with Obama’s reaction to both leaks - nothing.

Hope he wears a Kevlar vest!

http://www.youtube.com/watch?v=A8If6fklwMs


36 posted on 06/16/2010 6:53:19 AM PDT by whitedog57
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To: SonOfDarkSkies
It's ok, they got my $10,000 full of ignorance over 1 year ago. Thanks GSEs!!!!! You're awesome!
37 posted on 06/16/2010 7:01:27 AM PDT by carolinacrazy (Bow to your sensei.... BOW TO YOUR SENSEI...... www.jackassdemocrats.com)
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To: Blue Turtle
To make a long story short, Fanny and Freddy own a large majority of the home loans in the US.( something like 90%). The taxpayer is on the hook to keep them alive. I'm making numbers up here cause I'm too lazy to look it up, but the numbers are staggering, something on the order of $65 trillion, or some such ridiculous number. If enough people stop paying their mortgage, Fanny and Freddie are toast, ergo we have to back all the bad mortgages. Also, Fanny and Freddy used to be blue chip type stocks that found there way into various retirement funds, mutual funds, and trusts. If they go belly up, police and teacher retirements are gone, college trusts are gone, more big financial institutions would be crushed, ect. Would the gubmint have bailout number 3? Who knows.

The point is, if they go under, America doesn't have the money to back them, in fact, there isn't that much money in the whole world to back them. America is still on the precipice of failure, no matter what anyone tells you. Just because the stock market opens every day and people trade, doesn't mean there is any money. We are broke. Pick your poison, Fanny and Freddie are just one aspect of the trouble the US is in. We are kicking the can down the road hoping that things will get better before the music stops and we have no chair. The president and the congress have NO CLUE how to grow a capitalist economy, so we are in deep pooh pooh until a real American capitalist gets in. Personally, I don't think we'll make it, but one can hope. The whole world is balancing on a knife blade, and failure of Fanny or Freddy would just about be our "Greece" moment. What everyone is doing is waiting for housing to "catch up" to the heady days of 2005-6. If that $300k McMansion could get back to $300k, instead of the $225k price they are now, maybe we could pull this hat trick out, but with 10% unemployment and little inflation,....probably not. Then of course, if inflation and jobs rear their ugly head, we will have an economy like Jimmy Carters,... 23% interest rates, and 12% inflation, due to all the money we are printing and spending as I type this.

It's just a symptom of the bigger problem that we are watching a 97 cent stock get delisted as it become worthless as an investment, yet we go to work every day, pay our bills, and purchase things, just as if things will go on as they always have before. The 97 cent price is set by the market place to represent what people think America is worth because Fanny and Freddie are basically representative of America's worth. When a stock gets under $5, many institutions aren't"t allowed to own such stocks, so, what happens now is anybody's guess.

38 posted on 06/16/2010 7:44:03 AM PDT by chuckles
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To: chuckles

Thank you very much for that response. It is quite informative.


39 posted on 06/16/2010 7:51:46 AM PDT by Blue Turtle
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To: DTogo

Obamulans sound amazingly like the Romulans of Star Trek (TNG)! That is a good word for the whole gang of Obama! Thanks, I am going to use that word for them from now on.


40 posted on 06/16/2010 7:55:52 AM PDT by Buddygirl
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To: Texas resident

If they would hold these people accountable it would a start. I know they are being bribed and stealing us blind.


41 posted on 06/16/2010 8:11:59 AM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: Blue Turtle
BTW, keep your ears pricked up for the name "Frank Raines". He makes Bernie Maddoff look like a piker. Maybe some day he will be in prison, but for now he is an economic adviser for Obama. If you go to YouTube and do a search for "Burning down the house" you will find many video's depicting Raines and the investigations Bush and McCain tried to get on Fannie and Freddie. Anybody that questioned the book keeping of Fanny was called "Racist". (Raines is black) Shortly thereafter Fanny had to go back 5 years and restate their earnings( as a loss) and Raines retired with $90 million. This is where Barney Franks told the camera that Fannie and Freddie were sound and a good investment. A couple of weeks later, they collapsed and had to be bailed out with tax money to stay open.

This makes ENRON look like tiddly winks, but everyone seems to just keep their mouth shut so they won't be racist for pursuing a black man that swindled America. Congressman Meeks even called it a lynching. I guess we can't have that, so Raines gets to keep his $90million,( remember the "clawbacks") and of course he's not in jail, aka Madoff.

42 posted on 06/16/2010 8:12:36 AM PDT by chuckles
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To: bamahead

Thanks for the ping.


43 posted on 06/16/2010 8:17:16 AM PDT by GOPJ (http://hisz.rsoe.hu/alertmap/index2.php?area=dam&lang=eng)
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To: Buddygirl

As an original series Trek fan, that’s why I’ve been using it. Their cloaking device is beginning to fail...


44 posted on 06/16/2010 8:23:39 AM PDT by DTogo (High time to bring back the Sons of Liberty !!)
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To: SonOfDarkSkies
Andrew Cuomo and Fannie and Freddie, How the youngest HUD secretary caused the mortgage crisis

Guess who's running for NYS gov...?

45 posted on 06/16/2010 8:51:31 AM PDT by mewzilla (Still voteless in NY-29. Over 250 roll call votes missed and counting...)
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To: GRRRRR

can we throw their mgmnt.in jail along with barny frank?? is he still “in charge” of banking??


46 posted on 06/16/2010 8:59:57 AM PDT by IGBT (..it's the Carbon-Con. A green slime license to purge you of all your money.)
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To: surfer; LS

Bawney Frank, Chris “Countrywide” Dodd, Franklin Raines and Jamie Gorelick should all be crucified for this.


47 posted on 06/16/2010 9:11:35 AM PDT by CPT Clay (Pick up your weapon and follow me.)
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To: maggief

Great Post! Thanks


48 posted on 06/16/2010 9:12:24 AM PDT by CPT Clay (Pick up your weapon and follow me.)
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To: ETL

Begs the question, everytime Bawny speaks in public, someone should follow him around like Macaca did to George Allen. They should have a sign that reads “ Who is Herb Moses?”


49 posted on 06/16/2010 9:18:01 AM PDT by CPT Clay (Pick up your weapon and follow me.)
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To: maggief

Culture of Corruption?


50 posted on 06/16/2010 9:18:32 AM PDT by CPT Clay (Pick up your weapon and follow me.)
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