Posts Tagged ‘SubPrime’

2008: The Bailout Year

December 31, 2008

Please help those less fortunate than us. Those who once had and now have not, They once flew on Gulfstream G4’s and now, if they can even scrape some money together have to fly…coach.  Stop the madness, you must help, this must not occur on our watch…

No Deal Nancy…

September 30, 2008

 Ugly words

Words have meaning… Don’t expect Conservatives to take a verbal slapping from her, then tow the line and vote for this horrible bill.  For Ms. Pelosi to tell republicans that it was “Unpatriotic” to not show up until today… (If they were paying taxes over the past few days, according to Babbling Joe Biden, they would be patriotic I guess).

The Original language had 20% of the returned “profit” to go to organizations like ACORN:

Barack ACORN Obama

Barack ACORN Obama

  1. DEPOSITS.Not less than 20 percent of any profit realized on the sale of each troubled asset purchased under this Act shall be deposited as provided in paragraph (2).
  2. USE OF DEPOSITS.Of the amount referred to in paragraph (1)
    1. 65 percent shall be deposited into the Housing Trust Fund established under section 1338 of the Federal Housing Enterprises Regulatory Reform Act of 1992 (12 U.S.C. 4568); and
    2. 35 percent shall be deposited into the Capital Magnet Fund established under section 1339 of that Act (12 U.S.C. 4569).

There is a better way that will not leave Hard Working Americans holding the bag for the poor choices of democrats and their cash grabbing government-sponsored enterprises” (GSEs) like Fannie & Freddie.  Mrs. Pelosi, yours was the straw that broke the conservatives back.  Thanks for not being able to shut up and keep a civil tongue today, it ended up helping America.

The Sub-Prime Problem Explained

September 17, 2008

Just a note of warning, there are a few naughty words on this detailed explanation of just how the Sub-Prime Mortgage market crashed and took out companies such as Bear-Stearns, Lehman Brothers, Fannie & Freddie and many more as noted in the Mortgage Implode O Meter site.

SubPrime Primer (It is a 2 MB File so it might take a few seconds)

Click on the SubPrime link above

Click on the SubPrime link above