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THE Bill O'Reilly Thread (merged)
Re: O'Reilly blasts Barney Frank on Fannie Mae Crisis
by AlexdeLarge » Tue 07 Oct 2008, 00:53:31
Viddy well, little brother. Viddy well.
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AlexdeLarge - Heavy Crude
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Re: O'Reilly blasts Barney Frank on Fannie Mae Crisis
by Chuckmak » Tue 07 Oct 2008, 17:29:34
God the Republican Trolls on here are more irritating than the Democrat Trolls.
Bottom line is...from the bottom up, EVERYONE is to blame for this.
Now, narrowing it down to the political parties, I'm laying blame at 65% Republican to 35% Democrat
Bottom line is...from the bottom up, EVERYONE is to blame for this.
Now, narrowing it down to the political parties, I'm laying blame at 65% Republican to 35% Democrat
"if god doesn't exist, it is necessary that we invent him" - Voltaire
"they say prescott bush funded hitler" - Nas
"they say prescott bush funded hitler" - Nas
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Re: O'Reilly blasts Barney Frank on Fannie Mae Crisis
by big_rc » Tue 07 Oct 2008, 19:04:34
$this->bbcode_second_pass_quote('Plantagenet', '')$this->bbcode_second_pass_quote('lawnchair', 'I')f it wasn't for the fact that virtually the entire deregulated subprime market had absolutely nothing to do with Fannie and Freddie, I'd be a little more interested.
The Titanic is sinking, and we're assigning blame for capsized canoes, here.
The Titanic is sinking, and we're assigning blame for capsized canoes, here.
Fannie and Freddie underwrote much of the sub-prime market. They are chartered by Congress to help encourage home ownership for all Americans....in practice that meant that under Franklin Raines they were major contributors to the sub-prime mess as they helped shoe-horn home buyers who couldn't qualify for home loans into sub-prime mortgages. Fannie reduced the risk for local savings and loans by buying up bundles of the sub-prime mortgages and reselling them. Banks and insurance companies and investment banks bought the sub-prime mortgages, at least in part because they assumed there was a federal guarentee on the sub-prime derivations because the contracts were generated by a quasi government agency.
Sound familiar so far?
Plant,
That is so far from not being correct that I do not even have the energy to dispel you of this foolishness that you just wrote. I suggest you learn a little about mortgage backed securities, credit default swaps and the wonders of leverage before you continue making incredibly dumb statements like that one.
Simon's Law: Everything put together falls apart sooner or later.
I don't think of all the misery, but of all the beauty that still remains.--Anne Frank
I don't think of all the misery, but of all the beauty that still remains.--Anne Frank
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