A Freddie Mac Money Trail Catches Up With McCain

« Return to Article

Discuss

Member Comments

  • Posted By: z4t4 @ 10/01/2008 4:01:56 AM

    @ NC PHIL - In case you missed my Reply - I'll post it again for you:

    See, you cant see that either - I have a life - thats how you were aboe to respond..Or, is that more smoke and mirrors to you too? Hey, "NC" I suspec the chkiens in the coop need feeding...I'm sure thats why your up this early - Better get to it..I like my eggs fresh

    • Posted By: NC Phil @ 10/01/2008 4:13:24 AM

      You are a nasty fool. So now you have to hack at me because of where I live? You are a real jerk-off. What? You think I'm some hick because I live in NC? Buddy I moved out of Calif. to get away from fools like you. The people are cool out here. I don't know where you come from but you need to learn some manners punk. It might help if learned to write a bit too. You really do have a hang up don't you.

  • Posted By: NC Phil @ 10/01/2008 3:40:05 AM

    Reply to z4t4 Stuf it. Get a life. That's all.

    • Posted By: z4t4 @ 10/01/2008 3:59:55 AM

      See, you cant see that either - I have a life - thats how you were aboe to respond..Or, is that more smoke and mirrors to you too? Hey, "NC" I suspec the chkiens in the coop need feeding...I'm sure thats why your up this early - Better get to it..I like my eggs fresh

  • Posted By: z4t4 @ 10/01/2008 3:55:28 AM

    THE REAL WALL STREET CRIMINALS...are the Democrats in this one. They compounded it by nearly turning this county into socialism. Here's an Interesting fact - THEY wanted a plan to be approved...Yet they had enough votes to do it themselves - WHY?. THEY wanted McCAIN there 2 weeks OK then, claim he was the cause that the plan "blew up" - WHY? (They Never had a plan) - This was a sandbag job. #2 - THEY setup the American Market to fail and it didn't happen. THEY figured the market would tank and people would be so upset that they would surely be granted the votes and the whitehouse...But that's only the begining.. See to pull off this SCAM - They first had to make sure there was "BIPARTISANSHIP"..So the Republicans can take cover fire when it fails..But - It was not going to FAIL! The Bad Debt was going to be purchased by the Govt. and in this PLAN of theirs - They wanted to Limit the CEO PAY, then have those bad debts (hopefully) become GOOD...and the SHARES would have gone back to Congrass (a.k.a The Government) Sell this to the People how it was a great deal..THOSE Debts would have been Proped up pouring BILLIONS to stablize them until they could make a profit...The WHITEHOUSE, (thinking they are sure to win) and both houses would have been under DEM control. They could set the rules now. But there was a little problem. MANY DEMS - THANK GOD came to their senses and saw this too. In short, the GOVT. Would have SET the MARKET, CONTOLLED CEO PAYS, MADE THE RULES HOW THE DEBT and Secuirities would be structured and then contol the SHARES - YEAhhhhhh RIGHT....But they needed tw more things to happen (1) They needed PANIC which is what they are good at and they needed the market to TANK. If that went well OBAMA would surely walk into the W.H. HE IS THE PATSY - This was a conconked DEM setup. The 2 things that could not happen - DID. The Market DID not tank as they hoped and Congrass didn't pass the plan. The DEMS needed only enough DEM votes to get it close and hope the GOP Votes would push this over the edge and IT ALMOST WORKED...Don't think so? Well someone, anyone EXPLAIN to me how EVERYONE on Barney FRANKS sub Committee DIDN'T VOTE for it? Doesn't that seem odd? FRANK is Pushing this great deal and no one on his sub comitte votes for it? Nice try Barney - Today He ran an editorial saying the reason the vote didn't pass was because of CONSERVITIVE TALK RADIO...hahahah.. So now its Rush Limbaugh's fault.

  • Posted By: z4t4 @ 10/01/2008 3:33:51 AM

    @ Harley (again) man, your comments are just filled with targets for me tonight. You say "What Obama may lack in "experience..." No, thats not it...Theres no "MAY" about it...HE DOES LACK (everything)...He should not have been elected SEN.! Everyone knows it was a scam with ACORN stuffing the ballots...Man your dumb.

    • Posted By: NC Phil @ 10/01/2008 3:48:34 AM

      Hey, where is Mac Can'ts flag pin in the debate and ever since then. Has he reniged his patriotism?

    • Posted By: NC Phil @ 10/01/2008 3:43:09 AM

      Stuff it. Get a life. That;s all.

  • Posted By: z4t4 @ 10/01/2008 3:30:04 AM

    @ Harleyis(lost) YOU SAY - "Obama has dignity"..Really? Ok...Sure Pal what ever you say. Well, it really don't matter what you say but let me school you here as its clear your love affair with this man only goes skin deep because he's the same as you - OBAMA 's Company is people Like David AXELROD, BILL AYERS - You know who these people are? <insert NO here> How bout Odinka? <Insert another NO here>...EVERYONE he surrounds himself with is an AMERICA HATING person. Are you kidding? WHAT YOU CALL DIPLOMATIC!...Is what we NORMAL people see as a suck up to the enemy. ANYONE can sell out to the enemy. He's a rookie, unqualifed for the job ESPECIALLY now...Your socialistic way of life thinks OBAMA is going to give everyone a house , a goat and acre of land...Err, EXCUSE ME but I think this is a SOVIET way of Life...If everyone needs a house fine - Let them go earn it. If they don't have one. Well there's a solution to that too. Its called RENT.

  • Posted By: z4t4 @ 10/01/2008 3:12:58 AM

    @ HarleyisHere -You know You really have been spoon feed on this BLACK is Opressed and WHITE is bad...Just look at your statements - Everything to you is a "Racist" remark. Face facks jack - You have been led by the nose into that dark world of all balcks are opressed. OBAMA is a Patsy - Don't you get it? <Please insert your NO answer here>

  • Posted By: GTX13 @ 10/01/2008 12:22:59 AM

    Sorry, why I should mention in my "editorial stuff" about B. Frank, C. Dodd or Hussein Obama !! Me and all this guys are running into the same tank ! Authors/ see on the top/ Thanks for your reading !

  • Posted By: GTX13 @ 10/01/2008 12:10:27 AM

    You have forgot the Obama Camp which was collecting million of dollars from the left wing groups led by Oprah, Soros, Middle East terrorist, including Latino socialist leaders and the Russian KGB !!
    Defend Freedom, Defeat Obama !!

  • Posted By: roonalwazlibmagic @ 10/01/2008 12:03:44 AM

    Oh wait the 169,000 McCain supposedly recieved from Fannie Mae is what we call fairy tale bull ***.

  • Posted By: GTX13 @ 10/01/2008 12:03:18 AM

    Big liar ! What about the huge "travesty stolen money "style from some banks going into the bankruptcy !
    Defend Freedom, Defeat Obama !!
    http://election.newsmax.com/nra_Hunter.html?s=al&promo_code=6BBA-1

  • Posted By: roonalwazlibmagic @ 10/01/2008 12:02:15 AM

    Hey Newsweek staff check out these videos. That's your party's incompetence in action.

    http://www.youtube.com/watch?v=_MGT_cSi7Rs

  • Posted By: roonalwazlibmagic @ 10/01/2008 12:01:19 AM

    Check out how much bs your liberal retard buddies were spewing prior to the Iraq war Newsweeks staff. Historical revisionism? You be the judge.

    http://www.youtube.com/watch?v=_1q9Q0OtJ4g



    And while your at it check out these videos too Mr. piece of ***. That's your party's incompetence in action.

    http://www.youtube.com/watch?v=_MGT_cSi7Rs

    http://www.youtube.com/watch?v=usvG-s_Ssb0

  • Posted By: Legitt @ 09/30/2008 4:55:05 PM

    Nowfor the truth ............... thats how the dems have always worked. They do their shady dealings and have the audacity to look the american people in the eye and blatantly lie as to who is left holding the bag. youre right, they didnt need the republicans vote to pass this thru, however, being the shrewd snakes they are, they wanted to have the republicans finger prints all over this bill to match their own. This way, if a problem arises (particularly around election time) they will say that the dems and republicans voted for this bill alike. If the republicans didnt want this bill, why did they sign? Every time they stand before a news conference and tell us how dire this situation is, they dont hesitate to take jabs at the republicans. Its sickening how they play with our lives and futures.

    • Posted By: zhanshi @ 09/30/2008 11:50:12 PM

      You do realize that this is a republican bill, from a republican president and administration? It appears that you are deaf to your own parties partisan retoric. Maybe you should chill out and listen to all sides instead of name calling and insults.

  • Posted By: Mimi13 @ 09/30/2008 10:12:08 PM

    The writers forgot to mention the $169,000 McCain accepted in contributions from Freddie and Fannie officers, directors and lobbyists.

    • Posted By: scottinwny @ 09/30/2008 11:25:22 PM

      http://www.youtube.com/watch?v=_MGT_cSi7Rs

  • Posted By: scottinwny @ 09/30/2008 11:23:32 PM

    Everyone check these links out . Great Stuff Newsweek will never report.

    http://www.youtube.com/watch?v=AiEWCnpNnBQ -

    http://www.youtube.com/watch?v=_MGT_cSi7Rs



  • Posted By: ritainyoungsville @ 09/30/2008 10:05:59 PM

    To Harleyis here....Can you back up your statements about Mc Cain receiving the money from "Big OIl" and "Georgia"???? Like real facts..??? Not just hear say???? State your factual sources and we will listen to you.....we will check out your sources and if they are true, then you get the credit...

  • Posted By: jdoez1 @ 09/28/2008 11:23:47 AM

    nice try NW. yeah, mccain is at fault for the mortgage mess b/c his campaign recieved contributions.

    how about exposing the fact that dems blocked legislation in 05 to tighten restrictions on lending. the pubs and greenspan warned of this exact scenario but the dems refused. they believe people of all levels of income should have access to buy a house. it was considered illegal not to allow everyone the chance. great job dems.

    and while you're at it, quit trying to lay all the blame on 'wall street' and the 'greedy execs'. mortgages don't get made until the consumer signs the deal. so most of the blame lays squarely on the people who bought homes they couldn't afford and with mortgage terms that expired in 2/3 years. to make it worse, some took out loans on the increased equity. this is just blatant irresponsibility. now the whole country has to pay the price.

    some of the people who created this mess are now going to get better mortgage rates/terms. meanwhile, the folks who acted responsibly, are stuck with the higher 'responsible' rates.

    • Posted By: kurtscash @ 09/28/2008 12:23:27 PM

      Sorry, Republicans put up that bill as grandstanding. How did McSame with 3 decades of experience let it die in committee??? Are you serious - Your GOP (Greed Over People) Party RULED THE WHITE HOUSE/SENATE AND CONGRESS !!! Nice Try. Go watch Rush "I just took another Qualude" Limbuagh some more. You folks lied your way into the White House in 2000 and 2004 and illegaly stole Florida, your party of traitors should be banned. Ron Paul is the only one who has any resemblance to what a real Republican once was.

      • Posted By: maxsmart @ 09/30/2008 9:55:48 PM

        in order to get anything passed in the senate that has controversy involved is to get 60 votes. The republicans wouldnt have had the votes in 2005.

        this election is a bunch of crap. anyone that is so pro or anti one candidate or the other should question their own intelligence. you would actually TRUST that one professional politician is that much better than another?

        it would be nice to believe that one of the candidates is a saviour and is somehow going to "fix" our economy. unfortunately, what you dont hear is that this country is like a family that has lived on credit cards for too long. the fix is to tighten the belt on everything that is non-essential and pay down the balances.

        we shouldnt be discussing new programs at all. we should be discussing how to downsize the existing programs and run the government on an austerity budget.


    • Posted By: szyznyck @ 09/28/2008 1:10:07 PM

      even nicer try jdoez1. The Repubicans (PUBS) want less goverment "interference" in peoples lives and they, including McCain, fought to have deregulation in banking, etc. Deregulation is what caused this problem followed by misjudgement on the part of homebuyers. Try going to facktrack.com to pick-up on incorrect information given by polititians . . . . occassionally Obamas name might appear but Palin & McCain seem to have a monopoly on incorrect facts!!

  • Posted By: ritainyoungsville @ 09/30/2008 9:54:07 PM

    I cannot believe thta you are so biased in favor of Obama, that you cannot write an article without telling the complete truth! ...What you fail to mention, to be fair, is to mention that in 2004,Dem. Barney Frank said that there was no problem with the way Fannie Mae and Freddie Mac were being run, when the White House and John Mc Cain was saying there was a problem and needed more regulation.....Plus the fact disgraced CEORaines, who is an advisor to Obama, had to resign..., PLUS...Dem Sen Chris Dodd is the biggest monetary receipient of Fannie Mae/Freddie Mac. with Sen Obama being the second largest recipient after just 4 years in the Senate!!!!!!! It is just now also coming to light that as Community Activist in Chicago had close, close ties to A.C.O.R.N., which has also come to light in the media is basically the root cause why Fannie Mae, Freddie Mac folded . At least, give both side of a story if you want to call yourself a Journalist...or go write for the National Enquirer or some other less factual "Tabloid".
    rrf

  • Posted By: Legitt @ 09/30/2008 8:06:24 PM

    Here's a quote from McCain in 2006, when he was trying to reform Fannie Mae and Freddie Mac:

    "Mr. President, this week Fannie Mae???s regulator reported that the company???s quarterly reports of profit growth over the past few years were ???illusions deliberately and systematically created??? by the company???s senior management, which resulted in a $10.6 billion accounting scandal.
    The Office of Federal Housing Enterprise Oversight???s report goes on to say that Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets in order to trigger bonuses for senior executives. In the case of Franklin Raines, Fannie Mae???s former chief executive officer, OFHEO???s report shows that over half of Mr. Raines??? compensation for the 6 years through 2003 was directly tied to meeting earnings targets. The report of financial misconduct at Fannie Mae echoes the deeply troubling $5 billion profit restatement at Freddie Mac................I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole."
    Im not sure why McCain in not honing in on some these important issues, but he needs to step up his game.

  • Posted By: Legitt @ 09/30/2008 7:58:21 PM

    I wont attack you Margaux and make personal attacks. Im just stating the truth that is out there for anyone to investigate. Im sorry if that offends you. Keep the comments on the topic, the low blows just legitimize our statements ...................

Reply

Report Abuse

Enter comments if any for reporting abuse