Norquist to Newsmax: GOP Should Take Senate, Hold House
[Newsmax.com]
Wednesday, 07 Mar 2012 06:11 PM
By Jim Meyers and John Bachman
March 7, 2012 | Categories: 2012 Election, Agency Regulation, America's Freedoms, America's National Security, Class Warfare, Cloward and Piven Strategy, Corruption, Corruption in Government, Deficit, Economic Security, Economic Terrorism, Education, Election 2012, Elections Politics, Excessive Government Spending, Fuel Prices, Government, Government Regulations, Indoctrination, International Affairs, Jobs, Learn from History, Liberals Big Spending and Taxes, Manufactured Crisis, Most Americans Reject Socialism, National Debt, National Security, New Media News, Politically Intentioned Crisis, Politics, Poll Numbers, POTUS Deception, POTUS Elibility Issue, Progressives pushing for Marxism/Socialism, Public Sector (Government), Radical Liberal Progressive Left, Rejecting Political Correctess, Tea Party Conservatives, TEA Taxed Enough Already, The Economy, Unemployment, UNION Corruption, UNIONS ACORN and SEIU, VOTER FRAUD | Tags: American Conservative Union, Election 2012, Fannie Mae, fiscal approach on spending, Freddie Mac, GOP, Grover Norquist, low-tax crusader, Newsmax-TV, Newt Gingrich, Obama's war on jobs and growth, politics, Republican House and Senate, republican presidential nomination, Republican strategist, Rick Santorum | Leave A Comment »
Cordray Nomination Jeopardizes Constitutional Checks and Balances
[BigGovernment.com]
Posted Jan 7th 2012 at 1:41 pm
Forty-four of 46 Republican Senators vowed they would not approve “any consumer financial bureau director unless the agency was put under a five-member outside board, had its work checked periodically by bank examiners and had its budget approved by Congress rather than the Federal Reserve.”
So when Republicans refused to confirm the President’s nominee, Richard Cordray, to head the Consumer Financial Protection Bureau, America’s number one duffer shouldn’t have been surprised.
Senate Republicans maintained that voting down the nomination of Cordray had everything to do with the Dodd-Frank financial reform agency lacking oversight, and nothing to do with the candidate Obama chose to head it up. In other words, Republicans wanted to take consumer protection a step further than the President was willing to go, vowing that they’d agree to confirm a director, but not before additional consumer safeguards and supervision are put in place.
As for Obama’s nominee Richard Cordray, besides being the former Attorney General of the state of Ohio and acting as chief enforcement officer at the Consumer Financial Protection Bureau for the last year, Cordray is a five-time undefeated Jeopardy champion. Which may be why, when chiding Republicans for blocking his appointment, the President kept mentioning game playing.
According to Barack Obama, champion Jeopardy player Cordray has the expertise to “protect American families from being taken advantage of by mortgage lenders, payday lenders and debt collectors.”
After his pick was rejected, posing a few questions of his own, an irritated Barack Obama wanted to know if “Republicans in Congress think our financial crisis was caused by too much oversight of mortgage lenders or debt collectors?”
January 7, 2012 | Categories: 2012 Election, Agency Regulation, America's Freedoms, American Exceptionalism, Class Warfare, Cloward and Piven Strategy, Congress, Constitution, Constitutional Responsibilities, Consumer Issues, Corruption, Corruption in Government, Deficit, Due Process of Law, Economic Security, Economic Terrorism, Election 2012, Elections Politics, Employer Uncertainty, Energy and Oil, Excessive Government Spending, Financial Sector, Fiscal Responsibility, Freedom Justice and Liberty, Government, Government Appointments, Government Regulations, House of Representatives, Jobs, Liberal Scare Tactics, Liberals Big Spending and Taxes, Manufactured Crisis, Media Corruption, Most Americans Reject Socialism, National Debt, National Security, New Media News, Politically Intentioned Crisis, Politics, Poll Numbers, POTUS Deception, POTUS Elibility Issue, Progressives pushing for Marxism/Socialism, Public Sector (Government), Radical Liberal Progressive Left, Senate, TEA Taxed Enough Already, Terrorism, The Economy, Undermining Constitution, Unemployment | Tags: Barney Frank, Consumer Financial Protection Bureau, Dodd- Frank, Fannie Mae, Financial Services, Freddie Mac, Jeopardy, john boehner, Justice/Legal, Maxine Waters, Mitch McConnell, mortgage lenders, Obama, payday lenders, politics, Rep. Maxine Waters, Richard Cordray | Leave A Comment »
Fannie, Freddie Debtors In The Hole May Now Refinance
[PersonalLiberty.com]
October 25, 2011 by Sam Rolley
The Federal Housing Finance Agency (FHFA) announced Monday a program that will allow homeowners who are “underwater” — owing more on their homes than they are worth — to refinance at today’s low interest rates.
The Home Affordable Refinance Program (HARP) will apply to borrowers of Fannie Mae and Freddie Mac, and FHFA estimates that up to 1 million borrowers will use the program, according to The Washington Post.
October 27, 2011 | Categories: 2012 Election, America's Freedoms, Balanced Budget, Cloward and Piven Strategy, Congress, Constitutional Responsibilities, Corruption, Deficit, Economic Security, Economic Terrorism, Election 2012, Elections Politics, Energy and Oil, Federal Reserve Bank, Fiscal Responsibility, Foreign Policy, Freedom Justice and Liberty, Government, Government Regulations, GSE, Housing Crisis, Jobs, Manufactured Crisis, Media Corruption, Most Americans Reject Socialism, National Security, New Media News, Political Contests, Politically Intentioned Crisis, Politics, POTUS Deception, POTUS Elibility Issue, Progressives pushing for Marxism/Socialism, Propaganda, Radical Liberal Progressive Left, Redistribution of Wealth, Stock Market, Banks & Financial Institutions, Tea Party Conservatives, The Economy, Unemployment, UNIONS ACORN and SEIU, Value of the Dollar, Wall Street - Main Street | Tags: Business, economy, Fannie Mae, Freddie Mac, GSEs, joblessness, obama stimulus on housing crisis, Personal Liberty News, refinancing of debtors, Staff Reports, unemployment | Leave A Comment »
CNBC: Housing Crisis Officially Worse Than Great Depression
Newsmax.com
(Getty Images photo)
Wednesday, 15 Jun 2011 09:56 AM
By Forrest Jones
The housing crisis that began in 2006 is now worse than the meltdown in the Great Depression, with home prices having fallen 33 percent since then compared to 31 percent in the 1920s and 1930s, according to data from Case-Shiller, which tracks the sector.
June 15, 2011 | Categories: 2012 Election, Agency Regulation, America's Freedoms, Cloward and Piven Strategy, Congress, Constitution, Constitutional Responsibilities, Constitutional Rights, Corruption, Corruption in Government, Deficit, Economic Security, Economic Terrorism, Education, Election 2012, Elections Politics, Excessive Government Spending, Federal Reserve Bank, Freedom Justice and Liberty, Government, Government Regulations, GSE, Healthcare, Housing Crisis, Jobs, Learn from History, Manufactured Crisis, Media Corruption, Most Americans Reject Socialism, National Debt, National Security, New Media News, Political Incompetence, Politically Intentioned Crisis, Politics, POTUS Elibility Issue, Radical Liberal Progressive Left, Smaller Government, TEA Taxed Enough Already, The Economy, Unemployment, UNION Corruption, War on Terror | Tags: 1 out of 4 upside down, americans reject obama, Americans reject Socialism, bad administration, cloward and piven, Dodd Frank regulations, economy, Fannie Mae, foreclosure crisis, Freddie Mac, housing prices drop, obama crashing economy, worse than Great Depression | Leave A Comment »
Who’s Up For Another Fannie Mae Bailout?

MichelleMalkin.com
**Written by Doug Powers
Thank goodness the Dodd-Frank bill took care of the problems, eh?
From Reuters:
Mortgage finance giant Fannie Mae (FNMA.OB) on Friday said it would ask for an additional $8.5 billion from taxpayers as it continues to suffer losses on loans made prior to 2009.
The largest U.S. residential mortgage funds provider reported a net loss attributable to common shareholders of $8.7 billion, or $1.52 per diluted share, in the first quarter.
Including the latest request, the firm has taken about $100 billion from the U.S. government since it was seized in 2008, though it has also paid about $12.4 billion to taxpayers in interest.
May 10, 2011 | Categories: Agency Regulation, America's Freedoms, America's National Security, Congress, Constitutional Responsibilities, Corruption in Government, Deficit, Economic Security, Economic Terrorism, Election 2012, Elections Politics, Excessive Government Spending, Financial Sector, Foreign Policy, Government, Government Regulations, GSE, House of Representatives, Jobs, Liberals Big Spending and Taxes, Manufactured Crisis, National Debt, National Security, New Media News, Politics, Privacy for Citizens, Progressives pushing for Marxism/Socialism, Public Sector (Government), Radical Liberal Progressive Left, Redistribution of Wealth, Senate, TEA Taxed Enough Already, The Economy, Unemployment, Value of the Dollar | Tags: $8.5 billion, bailout, Barney Frank, cloward and piven strategy, Doug Powers, Fannie Mae, Freddie Mac, mortgage finance, serious losses, taxpayers suffer loss, U. S. Treasury | Leave A Comment »
Maxine Waters: Swamp Queen
Townhall.com

Confirmed: “Drain the swamp” is Washington-speak for “Let it fester.” While House ethics watchdogs dither, it’s shady business as usual for ethics scandal-plagued Democratic Rep. Maxine Waters.
Last summer, the House Ethics Committee charged the entrenched California congresswoman with three violations related to her wheeling and dealing on behalf of minority-owned OneUnited Bank in Los Angeles. The panel accused Waters of bringing discredit to the House for using her influence to seek and secure taxpayer-subsidized special favors for the failing financial institution.
May 3, 2011 | Categories: 2012 Election, America's Freedoms, Cloward and Piven Strategy, Congress, Constitutional Responsibilities, Corruption, Corruption in Government, Economic Security, Economic Terrorism, Election 2012, Elections Politics, Excessive Government Spending, Government, Government Regulations, GSE, Jobs, Manufactured Crisis, Media Corruption, Most Americans Reject Socialism, National Debt, National Security, New Media News, Political Incompetence, Politics, Progressives pushing for Marxism/Socialism, Radical Liberal Progressive Left, Redistribution of Wealth, TEA Taxed Enough Already, The Economy | Tags: Democrat representative (CA), Fannie Mae, Freddie Mac, GSE, House ethics, House Ethics Committee, Maxine Waters, OneUnited stock, scandal-plagued, Sec. Henry Paulson, Swamp Queen | Leave A Comment »
Treasury Report Outlines Path for Winding Down Fannie, Freddie
FoxNews.com
Associated Press
Published February 11, 2011
WASHINGTON — The Obama administration laid out three broad options Friday for reducing the government’s role in the mortgage market. All three would almost certainly lead to higher interest rates and costs for borrowers.
The administration said in a report that the government should withdraw its support for the mortgage market slowly, over five years or more. The report describes a path for winding down the troubled mortgage giants Fannie Mae and Freddie Mac.
February 11, 2011 | Categories: 2012 Election, Agency Regulation, America's Freedoms, Cloward and Piven Strategy, Congress, Deficit, Election 2012, Elections Politics, Excessive Government Spending, Government, GSE, House of Representatives, Jobs, Liberals Big Spending and Taxes, Most Americans Reject Socialism, New Media News, Politics, Private Sector (Free Enterprise), Progressives pushing for Marxism/Socialism, Stock Market, Banks & Financial Institutions, Tea Party Conservatives, TEA Taxed Enough Already, The Economy, Unemployment | Tags: Congress, deficit, Fannie Mae, FHA, financial system, Freddie Mac, GSEs, HUD, Obama, reducing government in mortage market, Time Geithner, Treasury Department, wind down | 1 Comment »
Fannie, Freddie Could Cost $389 Billion
By: Julie Crawshaw
For all the focus on the historic federal rescue of the banking industry, it is the government’s decision to seize Fannie Mae and Freddie Mac in September 2008 that reportedly is likely to cost taxpayers the most money.
So far the tab stands at $145.9 billion and rising, the New York Times reports.
The Congressional Budget Office has predicted that the final bill could reach $389 billion.
(more…)
June 21, 2010 | Categories: Elections Politics, Government, Public Sector (Government), The Economy | Tags: banking industry, CBO, costing nearly 400 Billion, Fannie Mae, Freddie Mac, GSEs, Julie Crawshaw, New York Times reports, outgageous government spending | Leave A Comment »




























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