Phuking Republicans!

[Trainer Monkey]

How are the Democrats at fault for what Fannie and Freddie have done?

What is this "bad mojo" you speak of?

How is anything Fannie and Freddie have done responsible for the current crisis?

What do you think caused the current crisis?


You recently complained nobody ever asked you specific questions. Well those are specific questions. Can I have specific answers please?

#1 DEMOCRATS have been in charge of Fannie and Freddie for a long time and starting with Jimmy Carter's "Reinvest in the community program" and reaching a head with The Clinton White House demanding banks make idiotic loans. Also that video shows Republicans wanted more oversight on Fannie and Freddie because Mr. Franklin Raines was making MILLIONS of dollars digging the hole we have since fallen into and even BILL CLINTON blames the Democrats for what has happened.
http://www.youtube.com/watch?v=hfGWxqsKFmY

#2 "Bad Mojo" encompasses all that has gone on banks making bad loans, Fannie and Freddie buying those loans, people (who didn't really deserve houses to begin with) being foreclosed on, tax payers having to flip the bill etc etc.

#3 Fannie and Freddie guaranteed money to banks making bad loans....hello GUARANTEED!!!! The free market was bound to take advantage of that AND the government had been forcing...yes FORCING banks to make these bogus loans.

#4 Well it's the improper mixing of government controls and regulations and the free market....the free market is going to follow the path of least resistance and with regulations come road blocks but also loop holes and if there is nobody looking regulations don't mean shit.

....so yeah have your specific answers

No in fact they havent
From 1994 until 2006 it was a REepublican controlled congress
Its long been a Republican controlled Judiciary
And for only 8 of the last 28 years its been a Republican controlled executive branch,12 out of the last 40 years
Nope sorry,if you shit on yourself,it isnt the other guys fault

[El Kabong]

So you're telling me Kirkland that being the Chairman and CEO of Fannie Mae and Freddie Mac doesn't matter at all?

Let's get this straight buddy the banks would NEVER have made those loans had not a GSE been there to buy those bad loans up because smart businessmen know that people who can't afford a home CAN'T AFFORD A HOME ergo they don't deserve a loan no matter what good intentions one might have. If a bank wanted to make money on bad loans yes they could abuse the system and that's what happened, the money was guaranteed and well here we are.

But let's all just wait for the magical Barrack Obama to come in a wave his magic wand and fix all this...Democrats NEVER mess up....they never do...even to think such a thing is blasphemy.

[Trainer Monkey]

So you're telling me Kirkland that being the Chairman and CEO of Fannie Mae and Freddie Mac doesn't matter at all?

Let's get this straight buddy the banks would NEVER have made those loans had not a GSE been there to buy those bad loans up because smart businessmen know that people who can't afford a home CAN'T AFFORD A HOME ergo they don't deserve a loan no matter what good intentions one might have. If a bank wanted to make money on bad loans yes they could abuse the system and that's what happened, the money was guaranteed and well here we are.

But let's all just wait for the magical Barrack Obama to come in a wave his magic wand and fix all this...Democrats NEVER mess up....they never do...even to think such a thing is blasphemy.

Richard Nixon-Gas Crisis,Recession,sorry Republicans,the gas crisis happened in 1973
Ronald Reagan-Two recessions,and two stock market collapses
George Bush-1 Recession
George Bush 2-Two recessions,a gas crisis,and two stock market collapses
Not to mention two different major investment market bailouts
Man you guys are just kicking ass,by ass of course I mean,average working person

[El Kabong]

Lyndon B. Johnson - if you don't like how we got in Iraq you wouldn't like this guy, the Gulf of Tonkin Incident...BOGUS...and Nixon tried to win the war and of course everyone hated on him for it....pussies

Carter - Iran hostage crisis, GIANT PUSSY..."oh we're having an energy crisis?!?!?! Let's turn down thermostats and wear sweaters"...that's REAL leadership....meanwhile Reagan wins the Cold War and gets hostages home

Clinton - Team America World Police....but no one complained then, we were doing good things, helping the Muslims in Bosnia and Somalia and then they go and blow us up.....way to go that REALLY helped our "Standing in the World" which honestly is total CRAP...I don't give two shits what any other country thinks of the USA, I live here and it should care about us first and everyone else second.


http://www.youtube.com/watch?v=4OCnoaY5_I8

....a fine Democrat tactic "Vote early and vote often"..."We'll give you a ride, and food, and....stuff"

[Kirkland Laing]

Lyndon B. Johnson - if you don't like how we got in Iraq you wouldn't like this guy, the Gulf of Tonkin Incident...BOGUS...and Nixon tried to win the war and of course everyone hated on him for it....pussies

Carter - Iran hostage crisis, GIANT PUSSY..."oh we're having an energy crisis?!?!?! Let's turn down thermostats and wear sweaters"...that's REAL leadership....meanwhile Reagan wins the Cold War and gets hostages home

Clinton - Team America World Police....but no one complained then, we were doing good things, helping the Muslims in Bosnia and Somalia and then they go and blow us up.....way to go that REALLY helped our "Standing in the World" which honestly is total CRAP...I don't give two shits what any other country thinks of the USA, I live here and it should care about us first and everyone else second.


http://www.youtube.com/watch?v=4OCnoaY5_I8....a fine Democrat tactic "Vote early and vote often"..."We'll give you a ride, and food, and....stuff"

This is all just nonesense. And Reagan didn't win the cold war, capitalism did. Reagan was a corporate socialist, like Bush 43 is.

And it appears you've conceded the argument and accepted my Infallibility on the current economic crisis. Excellent.

[El Kabong]

This is all just nonesense. And Reagan didn't win the cold war, capitalism did. Reagan was a corporate socialist, like Bush 43 is.

And it appears you've conceded the argument and accepted my Infallibility on the current economic crisis. Excellent.

Say what you will but Reagan was a great leader and one of the best Presidents of all time.

[Trainer Monkey]

This is all just nonesense. And Reagan didn't win the cold war, capitalism did. Reagan was a corporate socialist, like Bush 43 is.

And it appears you've conceded the argument and accepted my Infallibility on the current economic crisis. Excellent.

Say what you will but Reagan was a great leader and one of the best Presidents of all time.

Lyle I hate break it to you,I was a teenager under Reagan,Hinkley should have taken more target practice first

[Kirkland Laing]

This is all just nonesense. And Reagan didn't win the cold war, capitalism did. Reagan was a corporate socialist, like Bush 43 is.

And it appears you've conceded the argument and accepted my Infallibility on the current economic crisis. Excellent.

Say what you will but Reagan was a great leader and one of the best Presidents of all time.

I'm just pleased that you accept my Infallibility.

If this current crisis gets bad enough to be remembered in future years like the Depression is half of Americans will still be blaming it on Jimmy Carter and Clinton.

[Kirkland Laing]

So you're telling me Kirkland that being the Chairman and CEO of Fannie Mae and Freddie Mac doesn't matter at all?

Let's get this straight buddy the banks would NEVER have made those loans had not a GSE been there to buy those bad loans up because smart businessmen know that people who can't afford a home CAN'T AFFORD A HOME ergo they don't deserve a loan no matter what good intentions one might have. If a bank wanted to make money on bad loans yes they could abuse the system and that's what happened, the money was guaranteed and well here we are.

But let's all just wait for the magical Barrack Obama to come in a wave his magic wand and fix all this...Democrats NEVER mess up....they never do...even to think such a thing is blasphemy.

No, the CEOs of Fannie and Freddie have something called a fiduciary duty to their shareholders to guarantee AAA-rated mortgage paper that makes two to three percent above government bonds. They could technically be sent to jail for not buying it. The CEOs of those firms were doing everything they could to make as much money as they could within the rules, because that's what every other competing firm does. That's why you don't scrap the rules, you don't take the referees off the field, but that's what happened after 2003.

A vast amount of the current loans aren't guaranteed by Fannie and Freddie. F and F guarantee roughly half all bad mortgage paper. Lots of private sector firms that guarantee this stuff are out of business or in the case of AIG now owned by the US government. Which means your tax dollars are currently sponsoring Man Utd.



This did happen because Wall Street know the government will bail them out, but that's Reagan's fault. He bailed them out the last time they got this much deregulation, a Savings and Loans bailout that put $1.2 trillion on the nationsal debt. John McCain was involved in one of the biggest S and L scandals. So they went and did it again when they got the opportunity. This bailout will eventually cost a couple of trillion, maybe more.