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Just another reason why our government sucks...

Started by Henry Hawk, November 09, 2011, 09:15:36 AM

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Henry Hawk

http://www.reuters.com/article/2011/11/09/us-usa-housing-fanniemae-idUSTRE7A77F420111109?feedType=RSS&feedName=businessNews&rpc=23&sp=true

THIS IS WHY OUR GOVERNMENT SHOULD HAVE NEVER GOT INVOLVED IN THE FIRST PLACE.....

Fannie Mae taps $7.8 billion from Treasury, loss widens
(Reuters) - Fannie Mae, the biggest source of money for U.S. home loans, on Tuesday said it needed a further $7.8 billion in federal aid to stay afloat as a shaky housing market widened its third-quarter loss to $5.1 billion.

Fannie Mae has now drawn $112.6 billion in bailout funds from the Treasury Department since being seized by the government in 2008 as mortgage losses mounted, and it has returned $17.2 billion to taxpayers in the form of dividends.

"The heart of the wise inclines to the right, but the heart of the fool to the left."
Ecclesiastes 10:2 - It all makes sense to me now...


"The future ain't what it used to be."– Yogi Berra

"Square roots are rarely found on any plant." FTW

The Troll

Quote from: Henry Hawk on November 09, 2011, 09:15:36 AM
http://www.reuters.com/article/2011/11/09/us-usa-housing-fanniemae-idUSTRE7A77F420111109?feedType=RSS&feedName=businessNews&rpc=23&sp=true

THIS IS WHY OUR GOVERNMENT SHOULD HAVE NEVER GOT INVOLVED IN THE FIRST PLACE.....

Fannie Mae taps $7.8 billion from Treasury, loss widens
(Reuters) - Fannie Mae, the biggest source of money for U.S. home loans, on Tuesday said it needed a further $7.8 billion in federal aid to stay afloat as a shaky housing market widened its third-quarter loss to $5.1 billion.

Fannie Mae has now drawn $112.6 billion in bailout funds from the Treasury Department since being seized by the government in 2008 as mortgage losses mounted, and it has returned $17.2 billion to taxpayers in the form of dividends.

  Why don't you bring up the Trillion dollars that George w. gave the too big to fail banks, with no strings.  Have they paid any of it back.  :no:  Have any of the thieves in the housing market went to jail.  :no:  Aren't the rich getting richer.  :yes:  Are the Republicans willing to put America in a full depression to make Obama a one term president.  :yes:

  There is your problem Hawk.  :yes:

Henry Hawk

Quote from: The Troll on November 09, 2011, 09:49:22 AM
  Why don't you bring up the Trillion dollars that George w. gave the too big to fail banks, with no strings.  Have they paid any of it back.  :no:  Have any of the thieves in the housing market went to jail.  :no:  Aren't the rich getting richer.  :yes:  Are the Republicans willing to put America in a full depression to make Obama a one term president.  :yes:

  There is your problem Hawk.  :yes:

No argument here Troll........Bush gave in....and he should not have.  But that does not change my point........Gov started something they should not have...Fannie and Freddie.  Now we are paying for those mistakes.  DEMS and REPUBS share the blame .... imo.
"The heart of the wise inclines to the right, but the heart of the fool to the left."
Ecclesiastes 10:2 - It all makes sense to me now...


"The future ain't what it used to be."– Yogi Berra

"Square roots are rarely found on any plant." FTW

Exterminator

Quote from: Henry Hawk on November 09, 2011, 09:52:47 AM
No argument here Troll........Bush gave in....and he should not have.  But that does not change my point........Gov started something they should not have...Fannie and Freddie.  Now we are paying for those mistakes.  DEMS and REPUBS share the blame .... imo.

Aren't you one of the people who couldn't pay your mortgage?  Sounds like we are paying for your mistakes.
Arguing with Christians is like playing chess with a pigeon.  No matter how good I am at chess, the pigeon is just going to knock over the pieces, shit on the board and strut around like it's victorious.

The truth is slow, but relentless. Over time it becomes irresistible.

Henry Hawk

Quote from: Exterminator on November 09, 2011, 12:36:45 PM
Aren't you one of the people who couldn't pay your mortgage?  Sounds like we are paying for your mistakes.

you better get your facts straight before you shoot off your mouth...I 100% paid for my own mistake.
"The heart of the wise inclines to the right, but the heart of the fool to the left."
Ecclesiastes 10:2 - It all makes sense to me now...


"The future ain't what it used to be."– Yogi Berra

"Square roots are rarely found on any plant." FTW

Exterminator

Arguing with Christians is like playing chess with a pigeon.  No matter how good I am at chess, the pigeon is just going to knock over the pieces, shit on the board and strut around like it's victorious.

The truth is slow, but relentless. Over time it becomes irresistible.

Henry Hawk

 
Obama awards $433 million no-bid contract for questionable drug to -- top donor!

A company controlled by a longtime political donor gets a no-bid contract to supply an experimental remedy for a threat that may not exist.
"The heart of the wise inclines to the right, but the heart of the fool to the left."
Ecclesiastes 10:2 - It all makes sense to me now...


"The future ain't what it used to be."– Yogi Berra

"Square roots are rarely found on any plant." FTW

The Troll

Quote from: Henry Hawk on November 13, 2011, 08:42:19 AM

Obama awards $433 million no-bid contract for questionable drug to -- top donor!

A company controlled by a longtime political donor gets a no-bid contract to supply an experimental remedy for a threat that may not exist.

Yep, it's got to be those longtime political donors that get no-bid contracts.  I wonder how much money Dick Cheney got the government to give Halliburton.  I'll bet $433 million wouldn't cover one month out of the seven year war in Iraq.   :rolleyes: :razz:

dan foster

Quote from: Henry Hawk on November 09, 2011, 09:15:36 AM
http://www.reuters.com/article/2011/11/09/us-usa-housing-fanniemae-idUSTRE7A77F420111109?feedType=RSS&feedName=businessNews&rpc=23&sp=true

THIS IS WHY OUR GOVERNMENT SHOULD HAVE NEVER GOT INVOLVED IN THE FIRST PLACE.....

Fannie Mae taps $7.8 billion from Treasury, loss widens
(Reuters) - Fannie Mae, the biggest source of money for U.S. home loans, on Tuesday said it needed a further $7.8 billion in federal aid to stay afloat as a shaky housing market widened its third-quarter loss to $5.1 billion.

Fannie Mae has now drawn $112.6 billion in bailout funds from the Treasury Department since being seized by the government in 2008 as mortgage losses mounted, and it has returned $17.2 billion to taxpayers in the form of dividends.

Please note that the gov't took Fannie and Freddie BACK in 2008, a year before Obama.  They were private at that time and Bush made them gov't, again.
"Wherever morality is based on theology, wherever right is made dependent on divine authority, the most immoral, unjust, infamous things can be justified and established." -- Ludwig Feuerbach, The Essence of Christianity, 1841

"A bottle of wine contains more philosophy than all the books in the world" Louis Pasteur

"It is a truism that almost any sect, cult, or religion will legislate its creed into law if it acquires the political power to do so." -- Sir Arthur C. Clarke

Palehorse

Quote from: Henry Hawk on November 13, 2011, 08:42:19 AM

Obama awards $433 million no-bid contract for questionable drug to -- top donor!

A company controlled by a longtime political donor gets a no-bid contract to supply an experimental remedy for a threat that may not exist.

Better get used to it. No matter who the POTUS is, this kind of thing is going to be the norm in the environment the SCOTUS has created through their covert corporate welfare program!
R.I.P. - followsthewolf - You are MISSED! 4/17/2013

That which fails to kill me. . .should run!

Any "point" made by one that lacks credibility, is only as useful as toilet paper; and serves the same purpose. ~ Palehorse 4/22/2017

May you find charity when it is needed, and the ability to extend it when it is not. ~Palehorse 7/4/2012

To the last, I grapple with thee; From Hell's heart, I stab at thee; For hate's sake, I spit my last breath at thee.~Herman Melville

The Troll



  Yes sir, you can have good credit, credit cards, bank checks, but cash is king.   :rant:

Henry Hawk

Warren Buffett's stake in Bank of America Corp. increased in value by $154 million after President Obama and the U.S. Justice Department announced a $25 billion foreclosure abuse settlement with the five largest U.S. banks.....
"The heart of the wise inclines to the right, but the heart of the fool to the left."
Ecclesiastes 10:2 - It all makes sense to me now...


"The future ain't what it used to be."– Yogi Berra

"Square roots are rarely found on any plant." FTW

The Troll

Quote from: Henry Hawk on February 10, 2012, 02:51:18 PM
Warren Buffett's stake in Bank of America Corp. increased in value by $154 million after President Obama and the U.S. Justice Department announced a $25 billion foreclosure abuse settlement with the five largest U.S. banks.....

  So what?  What's the bitch, it's capitalism at it finest.  The rich gets richer.  Right? :wink:

Henry Hawk

"The heart of the wise inclines to the right, but the heart of the fool to the left."
Ecclesiastes 10:2 - It all makes sense to me now...


"The future ain't what it used to be."– Yogi Berra

"Square roots are rarely found on any plant." FTW

The Troll

Quote from: Henry Hawk on February 11, 2012, 02:05:04 PM
and done so by Obama and the dems....

  And you are an ass hole and a God Damn liar.  :azz:  Is that good enough answer.  :jester: