Home
Zee ----------'s Library tagged → View Popular
Unions to hit Capitol for card check - Politico Staff - Politico.com
OBAMA SUCKS
Dodd Will Refinance Countrywide Mortgages With Another Lender
Senate Banking Committee Chairman Chris Dodd (D-Conn.) says he’ll refinance two mortgages he received through a VIP program sponsored by now-defunct subprime lender Countrywide Financial Corp.
Dodd says he will use an unspecified third party to negotiate new terms. In 2003 and 2004, a Countrywide executive, Angelo Mozilo, identified him as a “friend,” placing Dodd and his wife, Jackie, in a VIP program.
The Ethics Committee has yet to decide whether Dodd received preferential treatment on interest rates and whether such activities violated Senate rules. The senator has released 100 pages of original documents to reporters, with copies forwarded to the ethics panel, his office said.
Dodd picked a propitious moment to refinance: Federal intervention in the credit markets has helped drive rates down, and Dodd should be able to benefit from historically low rates.
“Let me be very clear: We are not friends of Angelo Mozilo, and we have never been a friend of his,” he told reporters in Hartford Monday.
The Black Sphere: Bizarro World
First, the truth is that it is the Democrats are chiefly responsible for the financial crisis, and they have created our Bizarro World. I won't take you through my normal history lesson, as most of you have been deluged by the facts. However I will outline a few relevant facts:
* Fact – Jimmy Carter signed into law the Community Reinvestment Act (1977), authorizing loans be made available to low-income households
* Fact – Clinton repeals Glass-Stegall and reduces reserve requirements with Fed bank
* Fact – Obama the lawyer threatens lawsuits against institutions for not making suspect loans
* Fact – Obama (Dem) receives 2nd most PAC money from Fannie Mae and Freddie Mac
* Fact – Dodd (Dem) receives the most PAC money from Fannie Mae and Freddie Mac
* Fact – The Democrats thwarted any and all legislation to put controls on Fannie Mae and Freddie Mac, though Republicans were initiating it
* Fact – Barney Frank (Dem) was the Chairman of the House Financial Services Committee during this time and has been on the committee for ten years...oh, and Frank received the 3rd most money from Fannie Mae and Freddie Mac
The Biggest Obama Lie « Porcupine Rim
There is one lie that transcends the rest and makes them pale in comparison. That is Obama’s lie about the cause of the ruination of the world’s economies.
Per Il Duce Obama, capitalism, and the economic policies of George Bush and John McCain, caused the recent financial implosion of the world. The lie is the mantra of socialists everywhere, including our Fourth Estate. The Big Lie is chanted relentlessly by Obama and his retainers to distract attention utterly from the true cause of the financial cataclysm; and this strategy has worked famously to the complete advantage of the chanters - the ones who caused the disaster in the first place.
What does it mean to cause something? Does gravity cause the glass to crash to the floor; or is it the pushing it from the table that constitutes the cause? People, humans, pick the cause to suit their preference in how to respond in the future. Obama and his minions have chosen the wrong cause, because they intend to go on, to continue, forcing banks to write bad mortgages to home buyers without the ability to pay them back. Obama won’t mention the subprime mortgages in the same speech, or in the same decade, when he lectures us about the economy from his vast experience.
John McCain’s Warning About Fannie Mae | Sweetness & Light
John McCain’s Warning About Fannie Mae
Selected Tags
Related Tags
Sponsored Links
Top Contributors
Diigo is about better ways to research, share and collaborate on information. Learn more »
Join Diigo