Comments on: Cheney: Don’t Blame Us! http://abcnews.go.com/blogs/politics/2009/03/cheney-dont-bla/ The latest Politics news and blog posts from ABC News contributors and bloggers including Jake Tapper, George Stephanopoulos and more. Sun, 28 Dec 2014 03:39:22 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Myrnaloy http://abcnews.go.com/blogs/politics/2009/03/cheney-dont-bla/#comment-546505 Myrnaloy Fri, 22 May 2009 05:20:54 +0000 http://abcnews.go.com/blogs/politics/2009/03/cheney-dont-bla/#comment-546505 You said Skip! You said Skip!

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By: GetReal http://abcnews.go.com/blogs/politics/2009/03/cheney-dont-bla/#comment-546501 GetReal Tue, 17 Mar 2009 22:39:37 +0000 http://abcnews.go.com/blogs/politics/2009/03/cheney-dont-bla/#comment-546501 Trying to blame the financial crisis on Fannie Mae and Freddie Mac is just more pure rightwing malarkey from Cheney. Cheney is a sleezo well known for taking extreme liberties with the truth! The fact of the matter is FM & FM got caught-up in the housing downturn, just like the rest of the investors, brokers, insurers and banks. The only real issue with FM & FM was that they where too thinly capitalized to withstand the massive deflation of the housing bubble. FM & FM DID NOT EVER GUARANTEE SUB-PRIME LOANS. The rightwingers have been spinning for months trying to dupe people into thinking FM & FM are at the core of the problem...THET ARE NOT! They think we won't take the time to check the facts and they will just "put one over on us" for their political gain! FM & FM did invest in "bad paper" bonds after they had been incorrectly rated as top-flight investments. Many other banks, hedge funds, and other investors also invested in what turned out,in retrospect, to be risky instruments. Trying to blame the financial crisis on Fannie Mae and Freddie Mac is just more pure rightwing malarkey from Cheney. Cheney is a sleezo well known for taking extreme liberties with the truth! The fact of the matter is FM & FM got caught-up in the housing downturn, just like the rest of the investors, brokers, insurers and banks. The only real issue with FM & FM was that they where too thinly capitalized to withstand the massive deflation of the housing bubble. FM & FM DID NOT EVER GUARANTEE SUB-PRIME LOANS. The rightwingers have been spinning for months trying to dupe people into thinking FM & FM are at the core of the problem…THET ARE NOT! They think we won’t take the time to check the facts and they will just “put one over on us” for their political gain! FM & FM did invest in “bad paper” bonds after they had been incorrectly rated as top-flight investments. Many other banks, hedge funds, and other investors also invested in what turned out,in retrospect, to be risky instruments.

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By: Ryan C http://abcnews.go.com/blogs/politics/2009/03/cheney-dont-bla/#comment-546498 Ryan C Mon, 16 Mar 2009 22:52:23 +0000 http://abcnews.go.com/blogs/politics/2009/03/cheney-dont-bla/#comment-546498 "Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits." In a bid to boost minority homeownership, President Bush will ask Congress for authority to eliminate the down-payment requirement for Federal Housing Administration loans. In announcing the plan Monday at a home builders show in Las Vegas, Federal Housing Commissioner John Weicher called the proposal the "most significant FHA initiative in more than a decade." It would lead to 150,000 first-time owners annually, he said. Nothing-down options are available on the private mortgage market, but, in general, they require the borrower to have pristine credit. Bush's proposed change would extend the nothing-down option to borrowers with blemished credit. “Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.”
In a bid to boost minority homeownership, President Bush will ask Congress for authority to eliminate the down-payment requirement for Federal Housing Administration loans.
In announcing the plan Monday at a home builders show in Las Vegas, Federal Housing Commissioner John Weicher called the proposal the “most significant FHA initiative in more than a decade.” It would lead to 150,000 first-time owners annually, he said.
Nothing-down options are available on the private mortgage market, but, in general, they require the borrower to have pristine credit. Bush’s proposed change would extend the nothing-down option to borrowers with blemished credit.

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By: Ryan C http://abcnews.go.com/blogs/politics/2009/03/cheney-dont-bla/#comment-546495 Ryan C Mon, 16 Mar 2009 22:51:24 +0000 http://abcnews.go.com/blogs/politics/2009/03/cheney-dont-bla/#comment-546495 "Please Ryan, this was nothing more than political grandstanding." Yes how dare Joe Wilson and Valerie Plame complain about their treatment by the Bush administration! After all all they did was reveal the undercover status of one to undermine the intelligence report of another. At least hide the bib when you're gonna do that on the Bush admin. “Please Ryan, this was nothing more than political grandstanding.”
Yes how dare Joe Wilson and Valerie Plame complain about their treatment by the Bush administration!
After all all they did was reveal the undercover status of one to undermine the intelligence report of another.
At least hide the bib when you’re gonna do that on the Bush admin.

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By: KR http://abcnews.go.com/blogs/politics/2009/03/cheney-dont-bla/#comment-546492 KR Mon, 16 Mar 2009 22:34:31 +0000 http://abcnews.go.com/blogs/politics/2009/03/cheney-dont-bla/#comment-546492 "the same old TEN year old newspaper article over and over. What's the point? No matter, the facts will remain the same. NO amount of Republican spin will trick anyone, who takes the time to look first-hand into the financial crsis!" NY Times is now republican spin. That's rich. This is a good study in Psychology, somehow Clinton wanted responsible lending but pressured fannie to back risky loans. Look, the fact is POLITICIANS are the cause here and now your looking to POLITICIANS to fix a mess caused by POLITICIANS. This has got to be some kind of sick joke. No wonder politicians can say the stupidist things and and get away with it, there is always a buyer of their drivel. (notice, i didn't say either party but I'm sure someone on here will immediately brand me as something). "Here's an even crazier thought, perhaps in a post 9/11 world blowing the cover of and causing the resignation of a nuclear proliferation expert in order to discredit her husband's exposure of faulty intelligence would seem to be putting one's CYA above country. " Please Ryan, this was nothing more than political grandstanding. There wasn't any risk to either one of them. If there was, they wouldn't have brandished every opportunity to get into magazines and television interviews. It's the biggest joke in the intel community. But there is always someone out there to soak it up and I see you are one of them. “the same old TEN year old newspaper article over and over. What’s the point? No matter, the facts will remain the same. NO amount of Republican spin will trick anyone, who takes the time to look first-hand into the financial crsis!”
NY Times is now republican spin. That’s rich. This is a good study in Psychology, somehow Clinton wanted responsible lending but pressured fannie to back risky loans.
Look, the fact is POLITICIANS are the cause here and now your looking to POLITICIANS to fix a mess caused by POLITICIANS. This has got to be some kind of sick joke. No wonder politicians can say the stupidist things and and get away with it, there is always a buyer of their drivel. (notice, i didn’t say either party but I’m sure someone on here will immediately brand me as something).
“Here’s an even crazier thought, perhaps in a post 9/11 world blowing the cover of and causing the resignation of a nuclear proliferation expert in order to discredit her husband’s exposure of faulty intelligence would seem to be putting one’s CYA above country. ”
Please Ryan, this was nothing more than political grandstanding. There wasn’t any risk to either one of them. If there was, they wouldn’t have brandished every opportunity to get into magazines and television interviews. It’s the biggest joke in the intel community. But there is always someone out there to soak it up and I see you are one of them.

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By: NoSpin http://abcnews.go.com/blogs/politics/2009/03/cheney-dont-bla/#comment-546490 NoSpin Mon, 16 Mar 2009 20:56:11 +0000 http://abcnews.go.com/blogs/politics/2009/03/cheney-dont-bla/#comment-546490 It seems those who do not have the time or capacity to research issues for themselves just keep posting the same old TEN year old newspaper article over and over. What's the point? No matter, the facts will remain the same. NO amount of Republican spin will trick anyone, who takes the time to look first-hand into the financial crsis! Fannie Mae and Freddie Mac DID NOT cause the financial crisis. Once a person stops listening to the propaganda, one can think for themselves. TRY IT! It seems those who do not have the time or capacity to research issues for themselves just keep posting the same old TEN year old newspaper article over and over. What’s the point? No matter, the facts will remain the same. NO amount of Republican spin will trick anyone, who takes the time to look first-hand into the financial crsis! Fannie Mae and Freddie Mac DID NOT cause the financial crisis. Once a person stops listening to the propaganda, one can think for themselves. TRY IT!

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By: Ryan C http://abcnews.go.com/blogs/politics/2009/03/cheney-dont-bla/#comment-546487 Ryan C Mon, 16 Mar 2009 20:44:31 +0000 http://abcnews.go.com/blogs/politics/2009/03/cheney-dont-bla/#comment-546487 "Just a little hint. CIA agents that work in the field don't go near the CIA office. It's this crazy thing that walking into a CIA building at 7am and leaving at 4pm, people assume you work there. Also a crazy thought, CIA field agents in Nigeria aren't blonde caucasions." Here's an even crazier thought, perhaps in a post 9/11 world blowing the cover of and causing the resignation of a nuclear proliferation expert in order to discredit her husband's exposure of faulty intelligence would seem to be putting one's CYA above country. “Just a little hint. CIA agents that work in the field don’t go near the CIA office. It’s this crazy thing that walking into a CIA building at 7am and leaving at 4pm, people assume you work there. Also a crazy thought, CIA field agents in Nigeria aren’t blonde caucasions.”
Here’s an even crazier thought, perhaps in a post 9/11 world blowing the cover of and causing the resignation of a nuclear proliferation expert in order to discredit her husband’s exposure of faulty intelligence would seem to be putting one’s CYA above country.

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By: Just1inTheMillions http://abcnews.go.com/blogs/politics/2009/03/cheney-dont-bla/#comment-546484 Just1inTheMillions Mon, 16 Mar 2009 20:16:48 +0000 http://abcnews.go.com/blogs/politics/2009/03/cheney-dont-bla/#comment-546484 The spins and twists on this blog are giving me a HEADACHE! Argh! Who want to be responsible for the mess? The GOP? The Dems? Clinton? Bush? 62 day old President Obama? Regardless what opponents are saying, greed is the cause here! It's not Clinton for wanting lenders to remove their "unbalanced" loaning and rating systems so more people could "afford" homes. Absurd! His central reason was to have people buy reasonable homes they could afford; not some fancy brokerage, underwriter, and mortgage financier to get together and figure out a fancy way to make more money off of eager, less informed consumers. Greed and unethical business practices that skated under the radar as legal because the bad mortgages were quickly wrapped up with good products and services and sold as derivatives, and high-yielding bonds, and foreign treasury debt notes and bonds! Greed! These unethical and risky products were created by Wall Streeters, packaged up, and sent around the world! Now look at the "bleep" we're in! Stop trying to say Clinton did this! That's a twist to a lie! He only wanted responsible and balanced lending: and federal aid to those persons who wanted a home, diligently were trying but could not reach a threshold. He never told lenders "well, you should just lend without looking for income at all" If he did, as a responsible business person, I would look at that as bizarre! No, GREED caused the banking industry to "twist" and create these dangerous packages. And since John McCain and Bush knew, they should have pursued the SEC and the federal regulations allowing these bad products to be packaged and resold before it got out of hand. Even still, McCain's letter to Fannie and Freddie was only to help insure some heavy investors who already knew the housing market was in decline at the time when he submitted the letters. They wanted to protect their elite constituents investments against the threat of a housing collapse, not the correct the problems for the American people. This is why the letter is dated in May 2006. The housing bubble had already begin to burst. Too late now, it's time to cleanup another GOP mess. I guess we can blame this on to much Congressional alcohol? The spins and twists on this blog are giving me a HEADACHE! Argh!
Who want to be responsible for the mess? The GOP? The Dems? Clinton? Bush? 62 day old President Obama?
Regardless what opponents are saying, greed is the cause here!
It’s not Clinton for wanting lenders to remove their “unbalanced” loaning and rating systems so more people could “afford” homes. Absurd! His central reason was to have people buy reasonable homes they could afford; not some fancy brokerage, underwriter, and mortgage financier to get together and figure out a fancy way to make more money off of eager, less informed consumers. Greed and unethical business practices that skated under the radar as legal because the bad mortgages were quickly wrapped up with good products and services and sold as derivatives, and high-yielding bonds, and foreign treasury debt notes and bonds! Greed! These unethical and risky products were created by Wall Streeters, packaged up, and sent around the world! Now look at the “bleep” we’re in!
Stop trying to say Clinton did this! That’s a twist to a lie! He only wanted responsible and balanced lending: and federal aid to those persons who wanted a home, diligently were trying but could not reach a threshold. He never told lenders “well, you should just lend without looking for income at all” If he did, as a responsible business person, I would look at that as bizarre! No, GREED caused the banking industry to “twist” and create these dangerous packages.
And since John McCain and Bush knew, they should have pursued the SEC and the federal regulations allowing these bad products to be packaged and resold before it got out of hand. Even still, McCain’s letter to Fannie and Freddie was only to help insure some heavy investors who already knew the housing market was in decline at the time when he submitted the letters. They wanted to protect their elite constituents investments against the threat of a housing collapse, not the correct the problems for the American people. This is why the letter is dated in May 2006. The housing bubble had already begin to burst.
Too late now, it’s time to cleanup another GOP mess. I guess we can blame this on to much Congressional alcohol?

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By: KR http://abcnews.go.com/blogs/politics/2009/03/cheney-dont-bla/#comment-546480 KR Mon, 16 Mar 2009 20:12:17 +0000 http://abcnews.go.com/blogs/politics/2009/03/cheney-dont-bla/#comment-546480 NY Times, 1999 - "In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders. The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring. Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits." NY Times, 1999 -
“In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.
The action, which will begin as a pilot program involving 24 banks in 15 markets — including the New York metropolitan region — will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.
Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.”

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By: OGreen http://abcnews.go.com/blogs/politics/2009/03/cheney-dont-bla/#comment-546477 OGreen Mon, 16 Mar 2009 20:10:15 +0000 http://abcnews.go.com/blogs/politics/2009/03/cheney-dont-bla/#comment-546477 No matter how Cheney and the rightwingers want to spin the facts, Fannie and Freddie did not precipitate the financial crisis. Fannie and Freddie where NEVER allowed to guarantee sub-prime loans. They did invest in sub-prime mortgage backed bonds AFTER the bonds had been given top-tier credit ratings by the credit rating agencies(S&P, Moody's, Fitch). Now in hindsight we know the credit agencies where derelict in giving these financial instruments AAA-top-tier ratings and if they had been given a lower and proper rating Fannie and Freddie would not have invested in them. No matter how Cheney and the rightwingers want to spin the facts, Fannie and Freddie did not precipitate the financial crisis. Fannie and Freddie where NEVER allowed to guarantee sub-prime loans. They did invest in sub-prime mortgage backed bonds AFTER the bonds had been given top-tier credit ratings by the credit rating agencies(S&P, Moody’s, Fitch). Now in hindsight we know the credit agencies where derelict in giving these financial instruments AAA-top-tier ratings and if they had been given a lower and proper rating Fannie and Freddie would not have invested in them.

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