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Flashback 1999: Fannie Mae Eases Credit To Aid Mortgage Lending(Bailout-Bill Clinton's Real Legacy)
New York Times ^ | September 30, 1999 | STEVEN A. HOLMES

Posted on 09/06/2012 3:18:00 AM PDT by Son House

The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.

Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.

In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's.

''From the perspective of many people, including me, this is another thrift industry growing up around us,'' said Peter Wallison a resident fellow at the American Enterprise Institute. ''If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.''

By expanding the type of loans that it will buy, Fannie Mae is hoping to spur banks to make more loans to people with less-than-stellar credit ratings.

In July, the Department of Housing and Urban Development proposed that by the year 2001, 50 percent of Fannie Mae’s and Freddie Mac’s portfolio be made up of loans to low and moderate-income borrowers. Last year, 44 percent of the loans Fannie Mae purchased were from these groups.

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


TOPICS: Business/Economy; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: billclinton; billclintonspeech; dncconvention; economycredit; fanniemae; lending; mortgage
Fannie Mae's "easing credit requirements" sure gets the back burner as the media tries to prop-up a false narrative about Clinton's policies having been good for the economy. What else are they omitting?

Businesses need to profit, and profits come from managing cost. Cost like taxes and complying with government regulation.

Anyone trying to assert increasing taxes and more regulation are going to improve the economy is selling a con that isn't logical. Growing the economy will not the real consequence of these policies.

Being Obama says the Republican have old ideas, I would like to ask Democrat supporters;

1. Name each of Obama’s new ideas that are supposed to improve the economy?

2. Please detail exactly how each of them are supposed to improve an economy?

1 posted on 09/06/2012 3:18:08 AM PDT by Son House
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To: Son House

Hey, this doesn’t follow the “Bush’s fault” script.

I wish the Republicans would remind the public how we REALLY got into this mess.


2 posted on 09/06/2012 3:20:43 AM PDT by nuconvert ( Khomeini promised change too // Hail, Chairman O)
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To: nuconvert

“I wish the Republicans would remind the public how we REALLY got into this mess.”

The housing part is the easiest; Dems forced banks to make loans to unqualified buyers under threat of discrimination charges, then turned around and said they deceived the minority buyers when they defaulted. For the worst of the housing problems one need look no further than that.

Other foreclosures were caused by hardworking people losing their jobs, but not the “redlined” ones - they were redlined for a reason.


3 posted on 09/06/2012 3:25:25 AM PDT by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
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To: Son House

Nice post. Sorta like clues to a cold case file. I like this one myself..... http://www.nytimes.com/2003/09/11/business/new-agency-proposed-to-oversee-freddie-mac-and-fannie-mae.html


4 posted on 09/06/2012 3:36:45 AM PDT by Cruz ("Wherever there is a jackboot stomping on a human face there will be a well-heeled Western liberal t)
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To: Son House

Bump


5 posted on 09/06/2012 3:42:09 AM PDT by Incorrigible (If I lead, follow me; If I pause, push me; If I retreat, kill me.)
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To: Son House

Socialism can work if we just get the right people in place to implement it.


6 posted on 09/06/2012 3:47:53 AM PDT by 1010RD (First, Do No Harm)
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To: Son House

Gotta raise the BS flag on this one. The CRA was signed into law by peanut head in 76’. The law was strengthened by slick willie in 96’. The new yuk times had to have researched this in 99’.

Personally think the CRA, and the resultant bundled derivatives trading caused not only the housing bubble but its collapse. Voila, economic collapse caused by a social justice focused law, and big government’s “stimulating” response.


7 posted on 09/06/2012 3:54:06 AM PDT by petro45acp ("Don't" read 'HOPE' by L Neil Smith and Aaron Zelman...it will bring tears to eyes. BORE!!!!!!!!!!!!)
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To: nuconvert

I wish they’d remind them too. Instead of agreeing that he inherited a mess, they need to explain how we got there. This is a good place to start along with the provable fact that Obama sued banks to force them to issue sub prime loans to people who couldn’t afford them. That was back in his community organizing days when he was a lawyer. Which reminds me, Romney might want to ask about the law license he no longer holds. Neither does Michelle.


8 posted on 09/06/2012 4:09:28 AM PDT by jersey117
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To: nuconvert

I wish they’d remind them too. Instead of agreeing that he inherited a mess, they need to explain how we got there. This is a good place to start along with the provable fact that Obama sued banks to force them to issue sub prime loans to people who couldn’t afford them. That was back in his community organizing days when he was a lawyer. Which reminds me, Romney might want to ask about the law license he no longer holds. Neither does Michelle.


9 posted on 09/06/2012 4:11:22 AM PDT by jersey117
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To: Son House

ping


10 posted on 09/06/2012 4:27:47 AM PDT by Jude in WV
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Comment #11 Removed by Moderator

To: Son House; Liz

And in other news.  Roland Arnall and his band of Sub-prime pirates had set sail from Long Beach in 1991.    Just about the same time Penny Pritzker's branch of organized crimin... err, family bank, was setting up its Sub-prime shop in Chicago. 
How subprime lending all started in O.C. (Ameriquest - Roland Arnall)
Orange County Register ^ | 30 Dec 2007 | JOHN GITTELSOHN

Godfathers of subprime

Established in 1979 by Roland Arnall, Long Beach Savings grew rapidly after Wall Street opened the credit tap. It moved to Orange in 1991 and gave up its banking license in 1994, converting to a pure mortgage company.

In 1997, Long Beach Savings split into privately-held Ameriquest and a publicly traded subsidiary, which sold for $350 million in 1999 to become the subprime arm of Washington Mutual Inc.

Other companies were started by executives who learned the ropes at Long Beach Savings: ResMae Mortgage Corp. in Brea in 2001 and Encore Credit Corp. in Irvine in 2002. 

Godfathers of subprime

Established in 1979 by Roland Arnall, Long Beach Savings grew rapidly after Wall Street opened the credit tap. It moved to Orange in 1991 and gave up its banking license in 1994, converting to a pure mortgage company.

In 1997, Long Beach Savings split into privately-held Ameriquest and a publicly traded subsidiary, which sold for $350 million in 1999 to become the subprime arm of Washington Mutual Inc.

Other companies were started by executives who learned the ropes at Long Beach Savings: ResMae Mortgage Corp. in Brea in 2001 and Encore Credit Corp. in Irvine in 2002....

http://www.freerepublic.com/tag/rolandarnall/index

{fahgedaboudit. Notin' to see there, moooove along}

12 posted on 09/06/2012 4:35:39 AM PDT by OldEarlGray (The POTUS is FUBAR until the White Hut is sanitized with American Tea)
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To: OldEarlGray

Thanks for the headsup.


13 posted on 09/06/2012 4:43:27 AM PDT by Liz
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To: Cruz

somebody had a nice video of barney frank blasting the bush admin as racist for this...wish i could find it.


14 posted on 09/06/2012 4:44:19 AM PDT by camle (keep an open mind and someone will fill it full of something for you)
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To: Son House
1999 ehh?

LOL


Best RATS and RINOs money could buy.
 
 
 
 
How'bout a nice game of two party/Fabian Socialist ping-pong?
 
 

15 posted on 09/06/2012 4:46:25 AM PDT by OldEarlGray (The POTUS is FUBAR until the White Hut is sanitized with American Tea)
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To: All
"American Greed" the excellent CNBC cable series, showcased "Financial Plus" in which two Mexicans targeted Mexican immigrants in a fake investment scam to "invest home equity" via the booming Cali real estate cycle.

The two Mexicans shysters colluded with a latino BofA insider----Donny Gonzales---to falsify bank documents. Father and son shysters---Juan and Harold Rangel---- ran Spanish language ads in Cali--and got $35 million from about 500 latino homeowners----hamburger flippers, lawn mowers, and such, who cannot even speak English. One latino woman had $200,000 to invest (that she lost to the Mexican shysters).

Where do these "impoverished" latinos get all this money to invest? The answer is they too are scamming---they are scamming the US govt and stealing from taxpayers. American taxpayers working for a living are slaving to pay taxes and household expenses----but these latinos are pouring over the border to rig the system for themselves---riding the US gravy train under multiple fraudulent identities. And jerks like Obama are aiding and abetting these frauds.

========================================================

The Congressional Hispanic Institute, Inc, is an entity organized by Cong Joe Baca (D-Cali) in his capacity as head of the Congressional Hispanic Caucus.

Cong Baca created "HOGAR" (Spanish for home) in 2003 to work with the mortgage industry, lender and banks and latino community groups to increase mortgage lending to what savvy observers considered to be unqualified Latinos.

"HOGAR" colluded w/ Cong BAca in what was to become a massive bilking of taxpayers. Cong Baca calculatedly hyped the fact that the national Latino homeownership rate was 47%, compared with 68% for the overall population.

HOGAR was coached to call the figure "alarming," and to say "a concerted effort was required to ensure that by the end of the decade Latinos will share equally in the American Dream of home ownership."

HOGAR and Cong Baca conned the public, failing to note that most of the "dreamers" were illegals, citizens of Third World countries who had violated US borders.

Predictably, HOGAR colluded w/ co-conspirators which included:

(a) shaky mortgage companies that ran into big trouble;

(b) Fannie Mae and Freddie Mac, both now under federal control after billions in taxpayer bailouts;

(c) Countrywide Financial Corp., sold to Bank of America Corp;

(d) Washington Mutual Inc., taken over by the US government and sold to J.P. Morgan Chase & Co.; and,

(e) New Century Financial Corp. and Ameriquest Mortgage Corp, both now defunct, killed by defaulted subprime Latino mortgages.

HOGAR's ties to the subprime mortgage industry were substantial. Bribery and self-dealing were rampant:

<><> Companies that donated $150,000 to Cong Baca got the right to have their own research fellow who would conduct fraudulent studies, which were cunningly used by industry lobbyists to pump lending.

<><> Bribery and extortion in the form of $100,000 annual donations to Cong Baca, for which HOGAR provided phony news releases from Cong Baca's Hispanic Caucus promoting a lender's commercial products to the Latino market,

<><> The most shocking example of bribery well-substantitated by Hogar's literature..... HOGAR announced it worked with Freddie Mac on a self-serving two-year examination of Latino homeownership in 63 congressional districts.

The "study" found Hispanic ownership on the rise thanks to "new flexible mortgage loan products" that the industry was adopting at the urging of Cong Baca's collusive coterie.

<><> HOGAR conned lenders into even more lenient down-payment and underwriting standards.

<><> As the subprime debacle unfolded, HOGAR declined repeated requests for comment despite the economic havoc their activities precipitated.

The mortgage schemes demonstrated the criminal activities of border violators with multiple identities---perhaps violent, terrorist-connected foreigners---colluding and conspiring to defraud private companies and public entities. And mortgage racketeering enterprises which employed sub rosa finance and business practices to carry out deceptions and frauds.

The alleged ring of swindlers---a Congresman, individuals with multiple identities, banks, insurance companies, mortgage nrokers--might be charged with cheating the US govt, taxpayers and bank share holders out of hundreds of millions of dollars via an elaborate web of mortgage and bank frauds.

The mortgage Dreamers used multiple phony identities, fraudulent Social Security numbers, purchased from identity forgers in order to obtain govt-subsidized benefits.

L/E will find that individuals with multiple identities obtained fraudulent mortgages then flipped the houses at ever- higher prices to family member who then absconded to foreign countries, sticking banks (and taxpayers) with hundreds of millions in fraudulent mortgages.

BACKGROUND A Wall Street Journal investigative report related that, according to the Federal Financial Institutions Examination Council examination of the borrowing spree, uncovered financial schemes by low-income housing groups, Hispanic lawmakers, a congressional Hispanic housing initiative, mortgage lenders and brokers, all colluding in fraduent schemes to increase homeownership among Latinos with forged documents which enabled massive fraud.

This was not simply the mortgage market at work. It was fueled by avarice, greed, and Congressional enabling fraudulent practices. In 2005 alone, mortgages to Hispanics jumped by 29%; Latinos with multiple fraudulent identities in low-paying jobs obtained subprime mortgages for prime properties---soaring to 169%.

(Research provided by Wall Street Journal. Some material excerpted from the NY Times

16 posted on 09/06/2012 4:46:54 AM PDT by Liz
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To: nuconvert

[I wish the Republicans would remind the public how we REALLY got into this mess.]

What, and unearth Roland Arnall from his golden Subprime
RINO-sarcophagal closet?

Same reason the RINOs won’t go after Penny Pritzker.

Not. Gonna. Happen.


17 posted on 09/06/2012 4:51:52 AM PDT by OldEarlGray (The POTUS is FUBAR until the White Hut is sanitized with American Tea)
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To: kearnyirish2
 Dems forced banks
 

Meanwhile, in reality land...

 
Lender Lobbying Blitz Abetted Mortgage Mess
Wall Street Journal ^ | 31 Dec 2007 | GLENN R. SIMPSON

During the housing boom, the subprime industry succeeded at more than just writing mortgages. It also shot down efforts by some states to curtail risky lending to borrowers with spotty credit.

Ameriquest Mortgage Co., until recently one of the nation's largest subprime lenders, was at the center of those battles. Working with a husband-and-wife team of Washington lobbyists, it handed out more than $20 million in political donations and played a big role in persuading legislators in New Jersey and Georgia to relax tough new laws. Those victories, in turn, helped blunt efforts by other states to crack down on reckless lending, critics of the industry contend....

http://www.freerepublic.com/tag/rolandarnall/index

 

 

18 posted on 09/06/2012 5:09:21 AM PDT by OldEarlGray (The POTUS is FUBAR until the White Hut is sanitized with American Tea)
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To: Son House

First they bought votes by making loans and homes available to those incapable of paying the mortgage.

Second, they enriched themselves by bundling and selling the mortgage backed securities, and “credit default swaps”.

Jammie Gorelick, and Franklin Raines, each made TENS of MILLIONS of dollars off of this scheme, and belong in jail. (Yes, there are others Sen. Dodd and Franks)


19 posted on 09/06/2012 5:10:23 AM PDT by G Larry (Progressives are Regressive because their objectives devolve to the lowest common denominator.)
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To: camle
somebody had a nice video of barney frank blasting the bush admin as racist for this...wish i could find it.
 
 
==================================================================
During the House Financial Services Full Committee Hearing on "Recent Events in the Credit and Mortgage Markets and Possible Implications for U.S. Consumers and the Global Economy"Chairman Barney Frank left the hearing in order to attend a meeting in support of legislation that would force American employers to hire homosexuals.   That says a lot about Barney's priorities.
 
Barney "Fife" Frank.
Financial Services Watchdog
 
This watchdog only has one tooth.
Barney's boyfriend "husband" makes him keep it in his pocket
==================================================================
 
That Barney Fwank?
 
FAIL.

20 posted on 09/06/2012 5:14:14 AM PDT by OldEarlGray (The POTUS is FUBAR until the White Hut is sanitized with American Tea)
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To: G Larry; Liz

Second, they enriched themselves by bundling and selling the mortgage backed securities, and “credit default swaps”.

Jammie Gorelick, and Franklin Raines, each made TENS of MILLIONS of dollars off of this scheme, and belong in jail.

 

Whole lot of that going on.  Whole lot of people belong in jail.

But unfortunately the SEC's investigators evidently couldn't find their own arse(paper) with both hands and a SQL statement telling them exactly where to find it... and the thousands of loan applications for which Argent Mortgage had fabricated the FICO score.

They're about as blind as the UberManager-monkey in this here photeegraph:

 

 

 


21 posted on 09/06/2012 5:21:24 AM PDT by OldEarlGray (The POTUS is FUBAR until the White Hut is sanitized with American Tea)
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To: Son House

Thanks for posting. More Americans need to know this.


22 posted on 09/06/2012 6:51:55 AM PDT by all the best (`~!)
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To: Son House

The hearings in 2004. Barney Frank and the Black Causes -— they are the enemies

http://www.youtube.com/watch?v=UIjoW_IXos4

Barney is memorialized in song as the Sugar Plum Fairie

http://www.youtube.com/watch?v=hJOP2uFVvWI


23 posted on 09/06/2012 7:47:25 AM PDT by doug from upland (I don't like RINOs, but I love my country more than I hate Romney...Muslim marxist, get out!)
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To: All
With lawsuits, Barack Obama pushed banks to give subprime loans to Chicago’s African-Americans
The Daily Caller ^ | 9/3/2012 | Neil Munro / FR Posted by middlegeorgian

Barack Obama was a pioneering contributor to the national subprime real estate bubble, and roughly half of the 186 African-American clients in his landmark 1995 mortgage discrimination lawsuit against Citibank have since gone bankrupt or received foreclosure notices. As few as 19 of those 186 clients still own homes with clean credit ratings, following a decade in which Obama and other progressives pushed banks to provide mortgages to poor African Americans.

The startling failure rate among Obama’s private sector clients was discovered during The Daily Caller’s review of previously unpublished court information from the lawsuit that a young Obama helmed as the lead plaintiff’s attorney. [RELATED: Learn about the 186 class action plaintiffs] Since the mortgage bubble burst, some of his former clients are calling for a policy reversal.

“If you see some people don’t make enough money to afford the mortgage, why would you give them a loan?” asked Obama client John Buchanan. “There should be some type of regulation against giving people loans they can’t afford.” (Excerpt) dailycaller.com

24 posted on 09/06/2012 1:36:21 PM PDT by Liz
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To: All
THE BIG FISH THAT GOT AWAY WITH A BUNDLE

The Office of Federal Housing Enterprise Oversight’s report says that F/M CEO Franklin Raines---a Clinton appointee---and other Fannie Mae bigwigs, deliberately and intentionally manipulated financial reports to artificially hit earnings targets in order to trigger multi-million dollar bonuses for senior F/M executives.

Ex-Fannie CEO Franklin Raines should be behind bars for life. He is a crook of the first order. This thief Raines cooked the FM books precipitating losses of $9B (that we know of) for the single purpose of creating bonuses for himself and other F/M insiders. The SEC said Raines broke accounting rules by playing with risky derivatives.

RAINES COOKS THE F/M BOOKS---WALKS AWAY A MULTI-MILLIONAIRE After Raines was fired and exposed as a fraudster for cooking the govt books, Raines walked away w/ $90 million dollars, a $26 million parachute, PLUS..... Raines gets a MONTHLY pension of $116,300 for life. Raines had already collected $4.87 million in "special performance" shares. Raines owns options giving him $5.8 million in net profit after redemptions, plus another $8.7 million in deferred compensation for his six years at the F/M helm. There's more.

Raines keeps $5 million of paid-up life insurance. He and his spouse get free medical and dental benefits for life, worth over $1 million. NOTE: Raines earned $20 million in salary, bonuses and stock awards (that we know of) in one year.

To keep Raines happy within philanthropic circles, Fannie Mae will match Raines' charitable contributions by $10,000 a year.

After he was fired, Raines told the F/M board that he's entitled to get paychecks until June 22 giving him another $600,000, which triggers a $2,000 monthly raise in his lifetime pension. He also said he's entitled to disputed options with a gross value of about $5.6 million.

========================================

GENESIS OF THE F/M BILKING--- Clinton appointee. Fannie Mae CEO Franklin Raines' Letter to Shareholders--excerpted from 2003 Fannie Mae Annual Report

Excerpt ...Ten years ago the typical conforming mortgage required a down payment of 10-20%, and low-down payment mortgages were considered too risky. But then we helped to standardize the 3-5% down payment loan, brought it to global capital markets, and made it available to lenders and communities nationwide. Now low-down payment loans are commonplace. And we just adopted a new variance in our underwriting standards that will make the $500 down payment loan widely available as well...

In 1994, we pledged to provide $1 trillion in capital to ten million underserved families by the end of 2000. Thanks to our housing and industry partners, we met that goal early.

Then in 2000, we launched our American Dream Commitment, a pledge to provide $2 trillion in capital to 18 million underserved families by the year 2010, including $400 billion targeted specifically for minority families (later raised to $700 billion in response to President Bush’s Minority Homeownership Initiative). After four of the strongest years in housing and mortgage finance history, we’ve already surpassed the top-line goals of this commitment. But our work is far from complete.

So in January 2004, we announced our Expanded American Dream Commitment and pledged significant new resources to tackle America’s toughest housing challenges. Our new commitment has three main goals.

First, we will expand access to homeownership for six million first-time home buyers in the next ten years, including 1.8 million minority first-time home buyers.We also will help raise the national minority homeownership rate from 49 percent to 55 percent, with the ultimate goal of closing it entirely.

Second, we will help new and long-term homeowners stay in their homes through a series of initiatives, and commit $15 billion to preserve affordable rental housing and $1.5 billion to support the revitalization of public housing communities.

Third, we will increase the supply of affordable housing and support community development activities in at least 1,000 neighborhoods across the country through our American Communities Fund, and through targeted investments like Low-Income Housing Tax Credits that help finance affordable rental housing.

It is because of initiatives like our Trillion Dollar Commitment and our American Dream Commitment that we have exceeded our HUD affordable housing goals for ten consecutive years. (End Raines excerpt.)

25 posted on 09/06/2012 1:39:44 PM PDT by Liz
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To: All

FANNIE-MAE—THE DEMOCRATS’ CRIMINAL ENTERPRISE / By Michelle Malkin

Fannie/Freddie are centerpieces of the criminal enterprise called the Democrat Party-—where Dem cronies and collaborators loot the organization, get cushy jobs, bonuses, and the like.

Fannie Mae’s political machine dispensed campaign contributions, gave jobs to friends and relatives of legislators, hired armies of lobbyists (even paying lobbyists not to lobby against it), paid academics who wrote papers validating the home ownership mania, and spread “charitable” contributions to housing advocates across the congressional map.

Fannie Mae serves as an industrial-sized patronage factory — sharing profits with political allies, spreading taxpayer funds to voting blocs——like ethnic groups-——and doling out jobs to left-wing academics, Washington has-beens and back-scratching buddies.

Obama insider Fannie Mae exec Jim Johnson got sweetheart loans from shady subprime Countrywide. Pols raked in six-figure salaries as F/F engaged in Enron-sstyle accounting, plunged into debt and helped usher in the subprime housing meltdown through cockamamie lending practices.

Bill Clinton appointed Franklin Raines, Daley and Rahm Emanuel just as the quasi-governmental F/M engaged in rampant book-cooking so that F/M insider could help themselves to massive bonuses. The Chi/Tribune exposed how Emanuel’s “profitable stint” was low-show w/ no work involved. Emanuel was not even assigned to committees, according to company proxy statements.

Immediately upon joining the board, Emanuel and other insiders qualified for $380,000 in stock and options plus a $20,000 annual fee, public records indicate.

Wall Street Rahm Emanuel’s accounting tricks were used to mislead shareholders about outsize profits F/M reaped from risky investments. The goal was to cook the books to keep fraudulent earnings on the books, to make Freddie Mac look profitable on paper-——AND to fraudulently obtain humongous annual bonuses for political insiders.


26 posted on 09/06/2012 1:41:14 PM PDT by Liz
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To: OldEarlGray

I guess I imagined all the “lack of access to credit” racial pandering that has gone on; my bad.


27 posted on 09/06/2012 2:21:53 PM PDT by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
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To: kearnyirish2

Who was Roland Arnall?


28 posted on 09/06/2012 6:50:22 PM PDT by OldEarlGray (The POTUS is FUBAR until the White Hut is sanitized with American Tea)
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To: OldEarlGray

No idea; why?


29 posted on 09/06/2012 6:52:16 PM PDT by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
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To: Son House

I noticed these loans first turning sour in the lower priced, urban markets in 2003.


30 posted on 09/06/2012 6:58:11 PM PDT by Rebelbase (The most transparent administration ever is clear as mud.)
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To: kearnyirish2

http://www.google.com/#hl=en&sclient=psy-ab&q=Roland+Arnall+%22Godfather+of+Subprime%22+Ambassador&;


31 posted on 09/06/2012 7:03:48 PM PDT by OldEarlGray (The POTUS is FUBAR until the White Hut is sanitized with American Tea)
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