All the King’s Horses and All the King’s Men

Thank you Pelosi, for allowing 95 Democrats to follow your lead! Wait, they didn’t.

Jake, how biased can you get? Why didn’t you mention that 93 democrats voted no on this bill too? That Nancy couldn’t get her own friends in CA to vote for this bill? That she told vulnerable democrats that it was “OK” to vote against it.. How how about the fact that 13 democrats on Barney Frank’s own finance committee voted against it? The democrats had the power to pass this all on their own and Nancy FAILED. This isn’t leadership on this part, this was pure partisanship and she should be ashamed and so should you for falling for this crap and trying to brainwash the american people with it. We’re smarter than that. We know a crap sandwich when we see one and this was it…

No credit, no problem! How many of us have seen those riduculous ads usually reserved for used car dealers? But we had Government lending institutions in the way of mac and mae encouraging practices such as these in persons buying homes with additional enticements such as loaning 120% of loan values, not requiring proof of income and in some cases not requiring proof of citizenship. This is insanity and falls squarely on the shoulders of our politicians who simply were pandering for votes.

It appears that the democratic party has been infiltrated by radicals bent on a systematic effort to promote chaos. They use threats, activism and cry racism in order to sway favor and gain power. They have huge influence in congess on the left side, so much that they can try and push through support of funding that ends up in the hand of ACORN. FOlks, if you dont understand what ACORN is, you had better find out. Even if you are a democrat, you need to find out about ACORN, and where there ideologis stem from. You might want to learn about he Cloward-Piven Strategy,
and learn Saul Alinsky.
Its very interesting to say the least. But its uncanny resemblence to what is going on right before our eyes and not even on the Radar of the mainstream media is astounding. The media are the enablers of this underground movement, which aint so underground anymore when one of their foot soldiers is running for president. Learn about these things and watch it unfold before your very eyes. The housing crisis and collapse is exactly this strategy live. AN orchestrated catastrphic event planned and carried out by activists, aided by greed, and now, enabled by the mainstream media.

Newt’s role in this is too amazing. He evidently lobbied the R’s against the bill behind Boehner’s back, and when it failed he said “I’d have voted for it”.
Wow. Just, wow. What a scumbag.

Raines is of course one of Obama’s top advisors.
The problem is bad loans that were created by democrats to pander to people who could not afford the loans.

The real story here that is not being reported is that Raines at Fannie Mae resisted any oversight of those bad loans. Those bad loans were packaged and sold as securities. Banks bought them and they failed. Those loans were the product of a social engineering project by the democrats.
McCain and many others called for oversight and were shouted down.
It makes no sense to bail out the banks that bought those securities and to leave those securities still on the market. Any bail out plan should first shutoff those loans and securities from Fannie Mae.

Watch the videos with all of the players. Search for “Fannie Mae, Freddie Mac Scam” on. You can see Barney Frank and Raines saying Frannie was fine and any attempt to stop it as meddling.

Everyone that voted for the bill is not in a close race. Everyone that voted against deemed it too risky to vote for because they are in tight races and the bill is WILDLY UNPOPULAR across the country. Constituents are against it 10-1 according to Congression offices. Until someone steps up and explains why it needs to pass and pass quickly, the American people ain’t smellin what Paulson’s cookin.

This blog has a habit of deleting posts that contain references to sources that expose the truth. SO. Go to you tube and search “burning down the house” which incidently got removed after over 1 million views the first time, due to somebody not liking it. It is too factual for them to swallow. This housing crisis and collapse is part of a much larger movement, with roots dating back decades. Main goal, chaos, change, transfer of wealth. CHAOS. we got that . CHANGE. you can not believe in possbly. TRANSFER OF WEALTH. Oh you bet it wont be long coming. I hope you all will welcome the coming socialist welfare state that is just around the corner. Careful what you wish, you just might get it.
WHy did pelosi intentionally sabatoge the vote???? ACORN provision was removed. Now watch em try and pass new legislation with that back in the plan, this time along party lines. Watch.

Tungsten,
OK, the Dow was down 777 yesterday. Let me check … the Dow is open for business and up 266 today.
I still don’t have a clear explaination of why the Treasurer needs $700B. How will that “free up the credit markets”? If there’s no bailout does that mean my mortgage company is going to call my loan in? Does that mean good, honest lenders will refuse to lend to good, honest and worthy customers?
It’s impossible for me and millions of others to sign up for something if the ramifications are not explained well. Shouting “Dooooooom” is not enough.

Underdog,
Social Wreck is right.
We may be in turmoil right now, but with Obama you ain’t seen nothing yet.
This guy is as crooked as a snake, and
his venum if much worse. His dealings with the savory characters and his minister…do you really think these antics will stop when he is president?
Don’t think so; with the power he will have all this will get worse.

Save the country vote the incompetent incumbents OUT!

Credit 101. Credit squeeze is because the system (bank to bank, bank to company) has lost trust – they’re suspicious of other’s ability to repay line of credit/loan and so have plugged lending.
Why?
Financial institutions overinvested in securitized mortgages (package up the value of mortgages and “invest” in a financial package ased on the same) which have lost value, so company assets are lower and any potential dividends/etc dropped off the book.
Financial institutions in derivative swaps and default/debt obligations which are coming due – with no money to pay. (ex., AIG) Equivalent to you giving an IOU but don’t have the cash when it’s time to pay.
Both of the above exacerbated by the “mark to market” rules which requires companies to identify the value of assets by what the current market price would be — even if there’s no plan/need to sell. So if in 2006 you made an investment, you’d be showing a loss – even though you’re not planning to liquidate it.
There’s a lot of discussion about the mortgages, swaps, derivatives, etc… essentially boils down to the same thing. Enough financial companies don’t have the assets at hand to cover required payments or cover losses – their into the negatives.