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  #21  
Old 07-14-2008, 06:02 PM
BlueAngel BlueAngel is offline
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Default Re: Creating Poverty and a Third World Country


Create debt through generous credit to consumers.

Collapse the banking industry through bad loans.

150 Banks predicted to fail.

Is OUR money safe?

Analysts-Say-More-Banks-Will-Fail: Personal Finance News from Yahoo! Finance


Last edited by BlueAngel : 07-14-2008 at 06:05 PM.
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  #22  
Old 07-15-2008, 10:50 AM
BlueAngel BlueAngel is offline
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Default Re: Creating Poverty and a Third World Country

Get ready for a tax increase so that the public can repay the FED for bailing out Fannie Mae and Freddie Mac.

The mess they created when THEIR banks approved BAD loans.
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  #23  
Old 07-16-2008, 06:55 AM
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mangaman mangaman is offline
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Default Re: Creating Poverty and a Third World Country

Quote:
Originally Posted by BlueAngel View Post
Get ready for a tax increase so that the public can repay the FED for bailing out Fannie Mae and Freddie Mac.

The mess they created when THEIR banks approved BAD loans.
I heard that, the government needs to stop letting people lean on them whenever anything goes wrong.
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  #24  
Old 07-16-2008, 04:34 PM
BlueAngel BlueAngel is offline
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Default Re: Creating Poverty and a Third World Country

Quote:
Originally Posted by mangaman View Post
I heard that, the government needs to stop letting people lean on them whenever anything goes wrong.
HUH?

Your statement sounds backwards.
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  #25  
Old 07-16-2008, 04:51 PM
BlueAngel BlueAngel is offline
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Default Re: Creating Poverty and a Third World Country

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Originally Posted by redrat11 View Post
NOTE: BA appears to be the "lone nutter" communicating to herself on a ABANDONED CONSPIRACY FORUM, a sure sign of mental inbalance.
Actually, RedRat, people post here to leave information for others to read.

Conversation isn't the sole purpose of this site.

If that's what you want, I suggest you go over to BTX where they chatter 24/7; non-stop.

You'd fit right in.
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  #26  
Old 07-16-2008, 06:35 PM
BlueAngel BlueAngel is offline
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Default Re: Creating Poverty and a Third World Country

Quote:
Originally Posted by redrat11 View Post
NOTE: BA appears to be the "lone nutter" communicating to herself on a ABANDONED CONSPIRACY FORUM, a sure sign of mental inbalance.
Hey, RedRat, I'm writing and people are reading.

I have NO desire to communicate with people such as yourself.

I WRITE.

PEOPLE READ.

That's my objective.

Last edited by BlueAngel : 07-17-2008 at 06:17 AM.
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  #27  
Old 07-17-2008, 10:59 AM
789 789 is offline
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Smile on a much lighter note

Quote:
Originally Posted by BlueAngel View Post
We've been penetrated.
Once penetrated, ... left wide open.
Are you speaking for yourself ?
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  #28  
Old 07-17-2008, 12:16 PM
BlueAngel BlueAngel is offline
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Default Re: Creating Poverty and a Third World Country

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Originally Posted by 789 View Post
Are you speaking for yourself ?
Obviously, you've taken my words out of context.

Obviously, I couldn't be speaking for myself with the use of the word WE.

Obviously, I was referring to our country.
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  #29  
Old 07-19-2008, 02:24 PM
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mangaman mangaman is offline
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Default Re: Creating Poverty and a Third World Country

Quote:
Originally Posted by BlueAngel View Post
HUH?

Your statement sounds backwards.
Nah. What I meant was when companies get into bad times, the government helps them, that needs to stop because all the capitalists are saying that the government should stay out of the market, but when they get into bad times, who do they look for to help them out of the rut they made?
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  #30  
Old 07-19-2008, 06:41 PM
BlueAngel BlueAngel is offline
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Default Re: Creating Poverty and a Third World Country

Well, actually, the government helped with the rut that Fannie Mae and Freddie Mac now face because both entities have access to a line of credit from the US Treasury which is a part of the Federal Reserve.

Both Fannie and Freddie are protected financially by the support of the US government.

They hold more than 90 percent of the country's secondary mortgage market.

They lend money to the FED banks and the banks, in turn, made bad loans.

This causes debt on both ends.

They knew what the outcome would be.

They're all connected.

What Are the Origins of Freddie Mac and Fannie Mae?

Excerpt:

In recent months, the nation's two largest mortgage finance lenders have come under increasing scrutiny at the hands of Congress, the Justice Department and the Securities and Exchange Commission (SEC). The Federal National Mortgage Association, nicknamed Fannie Mae, and the Federal Home Mortgage Corporation, nicknamed Freddie Mac, have operated since 1968 as government sponsored enterprises (GSEs). This means that, although the two companies are privately owned and operated by shareholders, they are protected financially by the support of the Federal Government. These government protections include access to a line of credit through the U.S. Treasury, exemption from state and local income taxes and exemption from SEC oversight. A recent accounting scandal at Freddie Mac that resulted in the replacement of three of the company's top executives has led to mounting concerns over the privileged status these GSEs enjoy in the marketplace.
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