What is better than Gold? Jasper. What is better than Jasper? Wisdom. What is better than Wisdom? Woman. What is better than Woman? Nothing., Dame Prudence, Canterbury Tales, Chaucer......................
Showing posts with label Fannie Mae. Show all posts
Showing posts with label Fannie Mae. Show all posts
Friday, October 3, 2008
Tuesday, September 30, 2008
Obama team censored, but video up again!!!
This is the video that has been removed but is available again.......watch it until the end.
links in video:
Subprime Lender Implosion: Bad Omen For Housing Market
Community Reinvestment Act (WikiPedia)
Community Reinvestment Act (PolicyLink)
The Trillion-Dollar Bank Shakedown That Bodes Ill for Cities
First Union Capital Markets Corp., Bear, Stearns & Co. Price Securities Offering Backed By Affordable Mortgages
Fannie Mae Announces Pilot to Purchase $2 Billion of "MyCommunityMortgage" Loans; Pilot Lenders to Customize Affordable Products For Low- and Moderate-Income Borrowers
Going Subprime
Fannie's Perilous Pursuit of Subprime Loans
Chart (pdf): Loans With Affordability Features And Adjustable Rates
Options expert calls Fannie, Freddie shares 'worthless'
Regulators Spin Public to Boost Fannie, Freddie
12th bank failure of the year announced
IMF says US crisis is 'largest financial shock since Great Depression'
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
John McCain Warned Of Mortgage Collapse In 2005
S. 190 [109th]: Federal Housing Enterprise Regulatory Reform Act of 2005
Chris Dodd’s Loan Problem
Obama turns to trusted political insider Jim Johnson for key campaign role
Barack Obama advisor Jim Johnson quits under fire
James Johnson resigns from Obama team
Raines's Estate
Advice from Raines
On the Outside Now, Watching Fannie Falter
*Friends of Angelo?
Senior Fannie Mae bosses resign
All Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008
*Fannie Mae and Freddie Mac Invest in Democrats
*Obama's ex-boss (Miner, Barnhill and Galland) a Rezko partner
Strong, silent type (Fought red-lining)
Schools in Chicago Are Called the Worst By Education Chief
Obama, Education, and Accountability
Kids' protest highlights rich-poor schools gap in Illinois
The Immigration Debate: Its Impact on Workers, Wages and Employers
Fannie Mae, Freddie Mac blind to bubble
4 Fannie Mae senior execs resign
Pelosi: Dems bear no responsibility for economic crisis
Obama Ridicules McCain's Economic Response
links in video:
Subprime Lender Implosion: Bad Omen For Housing Market
Community Reinvestment Act (WikiPedia)
Community Reinvestment Act (PolicyLink)
The Trillion-Dollar Bank Shakedown That Bodes Ill for Cities
First Union Capital Markets Corp., Bear, Stearns & Co. Price Securities Offering Backed By Affordable Mortgages
Fannie Mae Announces Pilot to Purchase $2 Billion of "MyCommunityMortgage" Loans; Pilot Lenders to Customize Affordable Products For Low- and Moderate-Income Borrowers
Going Subprime
Fannie's Perilous Pursuit of Subprime Loans
Chart (pdf): Loans With Affordability Features And Adjustable Rates
Options expert calls Fannie, Freddie shares 'worthless'
Regulators Spin Public to Boost Fannie, Freddie
12th bank failure of the year announced
IMF says US crisis is 'largest financial shock since Great Depression'
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
John McCain Warned Of Mortgage Collapse In 2005
S. 190 [109th]: Federal Housing Enterprise Regulatory Reform Act of 2005
Chris Dodd’s Loan Problem
Obama turns to trusted political insider Jim Johnson for key campaign role
Barack Obama advisor Jim Johnson quits under fire
James Johnson resigns from Obama team
Raines's Estate
Advice from Raines
On the Outside Now, Watching Fannie Falter
*Friends of Angelo?
Senior Fannie Mae bosses resign
All Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008
*Fannie Mae and Freddie Mac Invest in Democrats
*Obama's ex-boss (Miner, Barnhill and Galland) a Rezko partner
Strong, silent type (Fought red-lining)
Schools in Chicago Are Called the Worst By Education Chief
Obama, Education, and Accountability
Kids' protest highlights rich-poor schools gap in Illinois
The Immigration Debate: Its Impact on Workers, Wages and Employers
Fannie Mae, Freddie Mac blind to bubble
4 Fannie Mae senior execs resign
Pelosi: Dems bear no responsibility for economic crisis
Obama Ridicules McCain's Economic Response
Thursday, September 25, 2008
Obama's judgment suspect AGAIN.....
Ben Smith at Politico reported:
Former Fannie Mae chairman Jim Johnson was dumped from Obama's vice presidential search team, but he's still playing a behind-the-scenes role on the campaign.Former Senator Tom Daschle, a top Obama backer, emailed a select list this afternoon that he and Johnson would be leading a briefing intended largely for Clinton's campaign brain trust next month."Jim Johnson and I have scheduled another informal breakfast discussion and update on the campaign early next month," he wrote to a list including Senator John Kerry, James Carville, and Richard Holbrooke, as well as Clinton's former top campaign aides, including Howard Wolfson, Geoff Garin, and Harold Ickes.Johnson's involvement comes at a moment when political association with the failed mortgage giants is particularly toxic. He was already the subject of a McCain ad attacking Obama.
Don Surber: "Here is the architect of the self-destruction of Fannie Mae constructing the Obama presidency ."
MEDIA wake up---the McCain ads aren't lies......
Former Fannie Mae chairman Jim Johnson was dumped from Obama's vice presidential search team, but he's still playing a behind-the-scenes role on the campaign.Former Senator Tom Daschle, a top Obama backer, emailed a select list this afternoon that he and Johnson would be leading a briefing intended largely for Clinton's campaign brain trust next month."Jim Johnson and I have scheduled another informal breakfast discussion and update on the campaign early next month," he wrote to a list including Senator John Kerry, James Carville, and Richard Holbrooke, as well as Clinton's former top campaign aides, including Howard Wolfson, Geoff Garin, and Harold Ickes.Johnson's involvement comes at a moment when political association with the failed mortgage giants is particularly toxic. He was already the subject of a McCain ad attacking Obama.
Don Surber: "Here is the architect of the self-destruction of Fannie Mae constructing the Obama presidency ."
MEDIA wake up---the McCain ads aren't lies......
Monday, September 22, 2008
Pres. Bush warned Congress 17 times about Fannie and Freddie
White House warned 17 times about problems with Fannie and Freddie
September 22, 2008 - 11:07 ET
For many years the President and his Administration have not only warned of the systemic consequences of financial turmoil at a housing government-sponsored enterprise (GSE) but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties. President Bush publicly called for GSE reform 17 times in 2008 alone before Congress acted. Unfortunately, these warnings went unheeded, as the President's repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems.
See further warnings in the last 8 years: http://www.glennbeck.com/content/articles/article/198/15484/
September 22, 2008 - 11:07 ET
For many years the President and his Administration have not only warned of the systemic consequences of financial turmoil at a housing government-sponsored enterprise (GSE) but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties. President Bush publicly called for GSE reform 17 times in 2008 alone before Congress acted. Unfortunately, these warnings went unheeded, as the President's repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems.
See further warnings in the last 8 years: http://www.glennbeck.com/content/articles/article/198/15484/
Thursday, September 18, 2008
Franklin Raines BEFORE wikepedia changes FACTS
Franklin Delano Raines (born January 14, 1949 in Seattle, Washington) is the former chairman and chief executive officer of Fannie Mae who served as White House budget director under President Bill Clinton. He is currently employed by Barack Obama's Presidential Campaign as an economic adviser.
Civil charges were filed against Raines and two other former executives by the OFHEO in which the OFHEO sought $110 million in penalties and $115 million in returned bonuses from the three accused.[5] On April 18, 2008, the government announced a settlement with Raines together with J. Timothy Howard, Fannie's former chief financial officer, and Leanne G. Spencer, Fannie's former controller. The three executives agreed to pay fines totaling about $3 million, which will be paid by Fannie's insurance policies. Raines also agreed to donate the proceeds from the sale of $1.8 million of his Fannie stock and to give up stock options. The stock options however have no value. Raines also gave up an estimated $5.3 million of "other benefits" said to be related to his pension and forgone bonuses.[6]
An editorial in The Wall Street Journal called it a "paltry settlement" which allowed Raines and the other two executives to "keep the bulk of their riches." [7] In 2003 alone, Raines's compensation was over $20 million.[3]
In June 2008 Wall Street Journal reported that Franklin Raines was one of several politicians who received below market rates loans at Countrywide Financial because the corporation considered the officeholders "FOA's"--"Friends of Angelo" (Countrywide Chief Executive Angelo Mozilo). He received loans for over $3 million while CEO of Fannie Mae. [5] Franklin Raines is currently one of Barack Obama's chief economic advisers.
Civil charges were filed against Raines and two other former executives by the OFHEO in which the OFHEO sought $110 million in penalties and $115 million in returned bonuses from the three accused.[5] On April 18, 2008, the government announced a settlement with Raines together with J. Timothy Howard, Fannie's former chief financial officer, and Leanne G. Spencer, Fannie's former controller. The three executives agreed to pay fines totaling about $3 million, which will be paid by Fannie's insurance policies. Raines also agreed to donate the proceeds from the sale of $1.8 million of his Fannie stock and to give up stock options. The stock options however have no value. Raines also gave up an estimated $5.3 million of "other benefits" said to be related to his pension and forgone bonuses.[6]
An editorial in The Wall Street Journal called it a "paltry settlement" which allowed Raines and the other two executives to "keep the bulk of their riches." [7] In 2003 alone, Raines's compensation was over $20 million.[3]
In June 2008 Wall Street Journal reported that Franklin Raines was one of several politicians who received below market rates loans at Countrywide Financial because the corporation considered the officeholders "FOA's"--"Friends of Angelo" (Countrywide Chief Executive Angelo Mozilo). He received loans for over $3 million while CEO of Fannie Mae. [5] Franklin Raines is currently one of Barack Obama's chief economic advisers.
Wednesday, September 17, 2008
VIDEO Proof of OBAMA Fannie Mae connection
www.gatewaypundit.com: Now there's NEW VIDEO of the CEO of Fannie Mae in 2005 explaining the "FAMILY" connection with Democrats and specifically Barack Obama and the Congressional Black Caucus. It looks like Michelle Obama was at the event, too.This was before Barack Obama started collecting tens of thousands from the failed lender.
Busted!... CEO of Fannie Mae in 2005 explaining the "FAMILY" connection with Dems & Obama
In 2005-- Senator John McCain partnered with three other Senate Republicans to reform the government’s involvement in lending, after an attempt by the Bush administration died in Congress two years earlier.Democrats blocked the reform.In 2005-- Barack Obama and the Congressional Black Caucus met with Fannie Mae for a "family" event:
http://gatewaypundit.blogspot.com/2008/09/busted-ceo-of-fannie-mae-in-2005.html see video
http://www.youtube.com/watch?v=usvG-s_Ssb0
"This was before Fannie Mae started filling the pockets of Barack Obama with political donations.The junior Illinois senator collected more money from Fannie Mae than any other Washington politician except Senator Dodd in the last decade.Obama was able to accomplish this feat in just 3 years.This video shows Fannie Mae CEO talking to members of the Congressional Black Caucus:The Democrats have been taking PAYOFFS from Fannie and Freddie and have looked the other way FOR DECADES! They've blocked reform." (www.gatewaypundit.com)
Busted!... CEO of Fannie Mae in 2005 explaining the "FAMILY" connection with Dems & Obama
In 2005-- Senator John McCain partnered with three other Senate Republicans to reform the government’s involvement in lending, after an attempt by the Bush administration died in Congress two years earlier.Democrats blocked the reform.In 2005-- Barack Obama and the Congressional Black Caucus met with Fannie Mae for a "family" event:
http://gatewaypundit.blogspot.com/2008/09/busted-ceo-of-fannie-mae-in-2005.html see video
http://www.youtube.com/watch?v=usvG-s_Ssb0
"This was before Fannie Mae started filling the pockets of Barack Obama with political donations.The junior Illinois senator collected more money from Fannie Mae than any other Washington politician except Senator Dodd in the last decade.Obama was able to accomplish this feat in just 3 years.This video shows Fannie Mae CEO talking to members of the Congressional Black Caucus:The Democrats have been taking PAYOFFS from Fannie and Freddie and have looked the other way FOR DECADES! They've blocked reform." (www.gatewaypundit.com)
Monday, September 15, 2008
Obama in bed with Fannie and Freddie
In related news... Obama got $126,000 from Fannie and Freddie in the last 10 years and he's only been in DC 4 years (minus his time traveling to campaign). Only Senator Dodd took more money than Obama from the two troubled financial giants (gatewaypundit.com)
from http://www.opensecrets.org/:
All Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008
Name
Office
State
Party
Grand Total
Total from PACs
Total fromIndividuals
1) Dodd, Christopher J S CT D $165,400 $48,500 $116,900
2) Obama, Barack Sen IL D $126,349 $6000 $120,349
3) Kerry, John S MA D $111,000 $2,000 $109,000
Now, waaaayyyyyyy down on the list:
McCain, John S AZ R $22,550 $0 $22,550
So, Obama is the NUMBER 2 for taking the most money from FANNIE and FREDDIE
from http://www.opensecrets.org/:
All Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008
Name
Office
State
Party
Grand Total
Total from PACs
Total fromIndividuals
1) Dodd, Christopher J S CT D $165,400 $48,500 $116,900
2) Obama, Barack Sen IL D $126,349 $6000 $120,349
3) Kerry, John S MA D $111,000 $2,000 $109,000
Now, waaaayyyyyyy down on the list:
McCain, John S AZ R $22,550 $0 $22,550
So, Obama is the NUMBER 2 for taking the most money from FANNIE and FREDDIE
Subscribe to:
Posts (Atom)