Comments on: “They Had a Blank-Check from the Federal Government” http://blog.heritage.org/2008/10/06/they-had-a-blank-check-from-the-federal-government/ Tue, 14 Feb 2012 19:53:39 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Harry T http://blog.heritage.org/2008/10/06/they-had-a-blank-check-from-the-federal-government/#comment-6858 Harry T Sat, 11 Oct 2008 12:53:24 +0000 http://www.foundry.org/2008/10/06/they-had-a-blank-check-from-the-federal-government/#comment-6858 Now only is Paulson a lousy Treasury Secretary, but now he is also showing me that he is a bad investor, he plans on buying up the exact stocks that are causing the Dow to go down massive points each and every day. Throwing money into those stocks are going to make the bailout money vanish over night each and every night. It doesn't seem right, sure stockholders are losing their money in those stocks, but it doesn't mean the Treasury needs to assist them, they need to take that $700 billion and find out where is the best place to restructure our economy. We're so over stimulized that it doesn't work anymore. Now only is Paulson a lousy Treasury Secretary, but now he is also showing me that he is a bad investor, he plans on buying up the exact stocks that are causing the Dow to go down massive points each and every day. Throwing money into those stocks are going to make the bailout money vanish over night each and every night. It doesn't seem right, sure stockholders are losing their money in those stocks, but it doesn't mean the Treasury needs to assist them, they need to take that $700 billion and find out where is the best place to restructure our economy. We're so over stimulized that it doesn't work anymore.

]]> By: James, San Jose http://blog.heritage.org/2008/10/06/they-had-a-blank-check-from-the-federal-government/#comment-6671 James, San Jose Wed, 08 Oct 2008 16:19:35 +0000 http://www.foundry.org/2008/10/06/they-had-a-blank-check-from-the-federal-government/#comment-6671 This entire problem is from a residential real estate housing bubble, turned into a giant ponzi scheme by Wall Street. The hard won historical knowledge on foreclosures rates was ruined by do-gooders, in the Clinton administration, who decided to eliminate down payment requirements. By eliminating down payments, investors flooded the market and drove house prices wild. Who benefits from that? Here is the proof (ntimes 1999): <a href="http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260&sec=&spon=&pagewanted=all&ref=patrick.net" rel="nofollow">http://query.nytimes.com/gst/fullpage.html?res=9C...</a> This entire problem is from a residential real estate housing bubble, turned into a giant ponzi scheme by Wall Street. The hard won historical knowledge on foreclosures rates was ruined by do-gooders, in the Clinton administration, who decided to eliminate down payment requirements. By eliminating down payments, investors flooded the market and drove house prices wild. Who benefits from that? Here is the proof (ntimes 1999):
http://query.nytimes.com/gst/fullpage.html?res=9C…

]]> By: Harry Tran’s Daily 101 » Blog Archive » Housing October 8, 2008 http://blog.heritage.org/2008/10/06/they-had-a-blank-check-from-the-federal-government/#comment-6613 Harry Tran’s Daily 101 » Blog Archive » Housing October 8, 2008 Wed, 08 Oct 2008 02:07:27 +0000 http://www.foundry.org/2008/10/06/they-had-a-blank-check-from-the-federal-government/#comment-6613 [...] reasons why bailout will damage the economy Is It 1929 Again?” “They Had a Blank-Check from the Federal Government” We Need More Comic We’re drunk on debt Comic European, Asian markets plunge on crisis fears [...] [...] reasons why bailout will damage the economy Is It 1929 Again?” “They Had a Blank-Check from the Federal Government” We Need More Comic We’re drunk on debt Comic European, Asian markets plunge on crisis fears [...]

]]> By: Jonness, Gig Harbor http://blog.heritage.org/2008/10/06/they-had-a-blank-check-from-the-federal-government/#comment-6619 Jonness, Gig Harbor Wed, 08 Oct 2008 02:02:31 +0000 http://www.foundry.org/2008/10/06/they-had-a-blank-check-from-the-federal-government/#comment-6619 Barney Frank has an extremely low IQ. But then again, so does Bush. I suppose the reason these people get elected is because roughly 50% of people have an IQ of 99 or below, so they vote for people whom remind them of themselves. Barney Frank has an extremely low IQ. But then again, so does Bush. I suppose the reason these people get elected is because roughly 50% of people have an IQ of 99 or below, so they vote for people whom remind them of themselves.

]]> By: Paul CA http://blog.heritage.org/2008/10/06/they-had-a-blank-check-from-the-federal-government/#comment-6605 Paul CA Tue, 07 Oct 2008 17:03:50 +0000 http://www.foundry.org/2008/10/06/they-had-a-blank-check-from-the-federal-government/#comment-6605 FNM & FDMC What was the problem? 1) Some wanted them to make cheap loans to Alt A or subprime borrowers. 2) Some wanted them out of business so instead they could sell Alt A and subprime borrowers more funky mortgages and make big money. 3) Some wanted them to make money and pay big dividends, bonuses to mgmt and directors, etc. No one seemed to want them to run a nut-and-bolts mortgage business making low cost loans to people who documented that they qualified for a loan they could actually pay. No one seemed to want them adequately capitalized for the risks taken. Don't blame ONLY one group of sinners: There were many more who wanted them gone so they could steal more or for them to be run for someone else's benefit than the American people /Uncle Sugar. paul FNM & FDMC

What was the problem?

1) Some wanted them to make cheap loans to Alt A or subprime borrowers.

2) Some wanted them out of business so instead they could sell Alt A and subprime borrowers more funky mortgages and make big money.

3) Some wanted them to make money and pay big dividends, bonuses to mgmt and directors, etc.

No one seemed to want them to run a nut-and-bolts mortgage business making low cost loans to people who documented that they qualified for a loan they could actually pay. No one seemed to want them adequately capitalized for the risks taken.

Don't blame ONLY one group of sinners: There were many more who wanted them gone so they could steal more or for them to be run for someone else's benefit than the American people /Uncle Sugar. paul

]]> By: Chris, New Hampshire http://blog.heritage.org/2008/10/06/they-had-a-blank-check-from-the-federal-government/#comment-6561 Chris, New Hampshire Tue, 07 Oct 2008 10:06:53 +0000 http://www.foundry.org/2008/10/06/they-had-a-blank-check-from-the-federal-government/#comment-6561 Barney Frank was the primary force behind Fannie's and Freddie's protection from being charged criminally for their accounting "cheating" and he made it possible for them (F and F) to grow far beyond anything that they were chartered to grow to. He should face investigation, censure and then criminal charges Barney Frank was the primary force behind Fannie's and Freddie's protection from being charged criminally for their accounting "cheating" and he made it possible for them (F and F) to grow far beyond anything that they were chartered to grow to. He should face investigation, censure and then criminal charges

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