Paladin77

Reply to The bail out bill is going to cost us more that three trillion dollars in Politics JoeUser Forums

The bills were introduced in the Senate by Phil Gramm (R-TX) and in the House of Representatives by James Leach (R-IA). The bills were passed by a 54-44 vote along party lines with Republican support in the Senate and by a 343-86 vote in the House of Representatives. Nov 4, 1999: After passing both the Senate and House the bill was moved to a conference committee to work out the differences between the Senate and House versions. Democrats agreed to support the bill after Republicans agreed to

Reply to The bail out bill is going to cost us more that three trillion dollars in Politics JoeUser Forums

[quote]They are most commonly used by businesses, investors, trusts, and wealthy individuals.[/quote] You left out the refinance loans. you know the stuff that we are bailing out along with the ARM's and so on. they were all bundled as securities.

Reply to The bail out bill is going to cost us more that three trillion dollars in Politics JoeUser Forums

[quote]That is a pretty good summation. In defference to some on these forums, I will add that not all liberals are democrats, nor are all liberal laws passed by democrats. But the root is still the "good intentions" of the liberals regardless of who passes them.[/quote] Dr. I have said it before and I will say it again, both Presidents Bush were liberals. The last two conservative presidents we have had were Kennedy and Reagan.

Reply to The mess we are in and how we got there in US Domestic JoeUser Forums

[quote]If people don't like their local school systems maybe they should get actively involved instead of just complaining and looking for another tax break.[/quote] the ones that can get involved do get involved, they pack up and move out of the school district.

Reply to The mess we are in and how we got there in US Domestic JoeUser Forums

[quote]That's right, the people are to blame. There are some legitimate foreclosures, but I'm willing to bet that a LOT of them are the instant gratification blowouts.[/quote] From Rush Limbaugh April 2008, "The mortgage crisis -- even though almost 96% of Americans are paying their mortgages, a lot of people think that nobody has been able to pay their mortgage,

Reply to The bail out bill is going to cost us more that three trillion dollars in Politics JoeUser Forums

[quote]DEMOCRATS DO NOT WANT ANYONE TO INVESTIGATE, WHY? BECAUSE THEY DID IT. THEY NEED TO BE CHARGED, AND CONVICTED, JUST LIKE THEY DID TO THE ENRON EXECUTIVES .[/quote] This is true and correct. When will these people who not just stole tax payer money but set in motion the collapse of other financial institutions that will destroy our economy, not just America but other nati

Reply to The bail out bill is going to cost us more that three trillion dollars in Politics JoeUser Forums

[quote]Enhance Mortgage Disclosure requirements[/quote] According to Florida law, where I am licensed to sell real estate, the sale contracts require a single page in large letters that explain the ARM and the responsibilities of the borrower. There is another single page that that explains who is responsible for what. Each page of the contract has to be initialed and signed by

Reply to The mess we are in and how we got there in US Domestic JoeUser Forums

[quote]Does that prove that they are being better educated or that they are simply being better prepared to pass a specific test?[/quote] Well seeing as the parents don't have access to the tests, unlike the teachers in public schools, I would have to believe that the students are better educated. [quote]How about the SAT's....It looks like home schoolers are just a few points above the average on those tests. Hard for me to believe that is in the top 10%. You would have

Reply to The bail out bill is going to cost us more that three trillion dollars in Politics JoeUser Forums

[quote]They are not buying foreclosed properties...They are buying securities under the provisions of a law that was just passed a few days ago....Go read the new law.[/quote] Just what do you think those securities are? By law the GSE's when they secure a loan are putting the American taxpayer on the hook if the homeowner defaults. When the bank forecloses on the

Reply to Bush Tried to Overhaul Housing Finance Industry in Politics JoeUser Forums

[quote]It was already to late and as I've said before the bills that were proposed did nothing to correct the problem.They did not add any oversight they simply moved the oversight from one dept to another. [/quote] Enough! There was oversight, the people who did the oversight reported to the Congress and on the record, instead of arresting the people involved the democrats att

Reply to The mess we are in and how we got there in US Domestic JoeUser Forums

[quote]Manners, values, and morals are things that people learn from their parents and churches, usually at a fairly young age. I would suspect that a society in which the need for both parents(or single parents) to work is commonplace would have a lot to do with this. I have no problem with home schooling, what others do is none of my business, however I would not personally take that route because I believe the school system is better set up to provide a broader curricula. Manners and value

Reply to The bail out bill is going to cost us more that three trillion dollars in Politics JoeUser Forums

[quote]Folks, you do realise that the U.S. government will actually make a profit out of these bailout?[/quote] Let me tell you a little story about that lie you have accepted as fact. When I first started working fo

Reply to The mess we are in and how we got there in US Domestic JoeUser Forums

[quote]And that is how and where I am making a difference. So, I respectfully ask you, Paladin77, what are you doing?[/quote] My aunt, my fathers brothers wife, taught in the NYC school system the last ten years of her career she was a principal of several inner city schools. My mother when she retired from law enforcement taught in the Miami school systems for a few years

Reply to Bush Tried to Overhaul Housing Finance Industry in Politics JoeUser Forums

Ouch!

Reply to The bail out bill is going to cost us more that three trillion dollars in Politics JoeUser Forums

[quote]No the GSA is seperate from the GSE's. You took the typo of a different post, drew a false conclusion, and you are now trying to prove something based on a mistake.[/quote] The government sponsored enterprises (GSEs) are a group of financial services corporations created by the United Sta

Reply to The mess we are in and how we got there in US Domestic JoeUser Forums

I know there are holes in this large enough to drive through but it is a start that has a chance of saving the country.

The mess we are in and how we got there in US Domestic JoeUser Forums

The mess we have is much deeper than the mortgage mess, or the war on terror, or the oil mess. America has become an institution of weaklings. Our political system is great but the people in it have corrupted it. Business is great but the people have corrupted it. To fix all of it we need to reboot the systems not revamp or overhaul them. Regulations don’t work and never will. Re

Reply to It all started with the great society. in US Domestic JoeUser Forums

[quote]Americans need a swift kick in the ass! They need some tough love and need to be told to stop the whining and get working. People are parenting these days just like they seem to think our government should care for them. They don't make their kids lift a finger, they fight their kids battles for them and hand them everything their greedy little hearts desire.[/quote] you are correct we have become a nation of greedy people. The cure is a depression and people will come together

Reply to The bail out bill is going to cost us more that three trillion dollars in Politics JoeUser Forums

[quote]Fredie and Fannie sell foreclosed properties via real estate brokers. They do not auction them but in fact have the right to counter offers made by prospective buyers.[/quote] They have 180 days to get rid of the property then it must be sold at auction. The GSA handles the auctions. The property is freely listed by any licensed broker with a cap on the percentage

Reply to It all started with the great society. in US Domestic JoeUser Forums

[quote]The economic meltdown has NOTHING to do with CROOKS or PARTISANISM. It is a failed social engineering project done with the best of intentions by people who did not understand its economical impact.[/quote] Please explain why so many people got so rich working for government? I can understand the private sector because you pay for the best and success deserves reward. Pu

Reply to Bush Tried to Overhaul Housing Finance Industry in Politics JoeUser Forums

[quote]It was never brought to the floor. The republicans killed it.[/quote] prove that statement

Reply to The bail out bill is going to cost us more that three trillion dollars in Politics JoeUser Forums

[quote]So what would happen to those houses? Savvy speculators would snap them up. And then turn them around. To whom? Well, they are not much good to foriegners that have no intention of living here. [/quote] What you describe is the system correcting itself, the natural order of things. It is good for everyone including the people that will be kicked out of their homes.</span

Reply to The bail out bill is going to cost us more that three trillion dollars in Politics JoeUser Forums

[quote]So who it is helping anyway? People like Franklin Raines - Obama's Financial advisor. So much for Change.[/quote] Change is good, and if Senator Obama wins that is all we will have in our pockets, change.

Reply to It all started with the great society. in US Domestic JoeUser Forums

[quote]what we need is a fourth branch of government, we have the congress to make laws, we have the executive to control the armed forces and veto laws and to enforce the laws, we have the judicary to explain and interpert the laws. We need a fourth branch to manage to economy, they should have the same veto powers the president has (with the same limitations), and should be a collection of accridited economists appointed by the current president/congress.[/quote] <p clas

Reply to Bush Tried to Overhaul Housing Finance Industry in Politics JoeUser Forums

Ah! A typeO, my mistake. Yes, they can hold property for a long time, the Feds can't but they can, my issue is why do we want to create another Fanny and or Freddy? Getting butt raped twice was not enough?