unbelievable. democrats want the banks to bail out fannie and freddie

#1
D

droski

Well-Known Member
Joined
Jan 24, 2007
Messages
21,914
Likes
3
#1
Big banks are objecting strongly to a last-minute House proposal to add ailing mortgage giants Fannie Mae and Freddie Mac to the type of firms that would be subject to liquidation at financial industry expense

The bill would require the government to dissolve large failing firms. Costs that exceed money recouped from liquidating a firm's assets would be recovered from large bank holding companies and hedge funds.

Banks fear adding Fannie, Freddie to bank bill | ajc.com

So obama and the gov't give trillions of 30 year mortgages at the lowest rates in american history and if that ends up costing billions the banks have to pay for the gov't's mistakes?
 
#5
#5
Ummmm.....


"House negotiators added the provision to a massive overhaul of financial regulations at the insistence of Republican lawmakers."
 
#6
#6
lawgator1 said:
Ummmm.....


"House negotiators added the provision to a massive overhaul of financial regulations at the insistence of Republican lawmakers."
Click to expand...

There is absolutely no possible way that's true, unless it's an effort to kill the bill or force those two to fall under the same set of rules, which might make a little sense.

Cramming those govt lefty disaster into this bill will make Barney Frank croak.
 
#7
#7
BigPapaVol said:
There is absolutely no possible way that's true, unless it's an effort to kill the bill or force those two to fall under the same set of rules, which might make a little sense.

Cramming those govt lefty disaster into this bill will make Barney Frank croak.
Click to expand...


I'm just quoting the story.
 
#8
#8
Some people have been saying all along that the Democrats are concealing in their economic forecasts the $400 billion it is eventually going to cost taxpayers to bail out these two entities created by the democrat socialist political party.
 
#9
#9
apparently the bill also provides provisions for saving banks that primarily serve minorities and also has strong language encouraging minority lending. it also says the banks must give preference to minority owned newspapers and magazines for their ads.
 
Last edited:
#10
#10
droski said:
apparently the bill also provides provisions for saving banks that primarily serve minorities and also has strong language encouraging minority lending. it also says the banks must give preference to minority owned newspapers and magazines for their ads.
Click to expand...

With major generalizing - isn't this essentially what got us into the mess we are now in in the first place?
 
#11
#11
droski said:
apparently the bill also provides provisions for saving banks that primarily serve minorities and also has strong language encouraging minority lending. it also says the banks must give preference to minority owned newspapers and magazines for their ads.
Click to expand...

tigervol9802 said:
With major generalizing - isn't this essentially what got us into the mess we are now in in the first place?
Click to expand...

racists, you know what you're implying, LG will be here shortly to lump you both in with Beck and Palin.
 
Last edited:
#14
#14
tigervol9802 said:
With major generalizing - isn't this essentially what got us into the mess we are now in in the first place?
Click to expand...

one of the major problems certainly. i particurally like the fact that they are going to be more likely to bail you out if you lend to likely lower income and therefore riskier applicants.
 
Last edited:
#15
#15
droski said:
apparently the bill also provides provisions for saving banks that primarily serve minorities and also has strong language encouraging minority lending. it also says the banks must give preference to minority owned newspapers and magazines for their ads.
Click to expand...

If I were to guess, I would say Maxine Waters added this little gem.
 
#19
#19
droski said:
it's not speculation. there was a article in investors business daily about it. unfortunetly i don't have online access so i can't post it here.
Click to expand...

It's speculation if Joe Six says it's speculation. Forget the first piece he quoted here, that was standalone in the article because is was absolutely unsubstantiated.
 
#21
#21
You guys forget...They are too big to fail.

...I don't know, that's the latest excuse we hear for non-capitalist capitalism.
 
New posts
You must log in or register to reply here.

VN Store



Back
Top