$700 B Bailout

[firstdown]

What I don't understand is how this whole thing has gone so far and unnoticed by so many people. You have the president, congress, all the other people in Washington but then more shocking is all the people on Wall Street which did not see this coming. I'm not talking about the people who profitted from this but all the annalist who study this stuff day after day.

[dmek25]

Originally Posted by firstdown

What I don't understand is how this whole thing has gone so far and unnoticed by so many people. You have the president, congress, all the other people in Washington but then more shocking is all the people on Wall Street which did not see this coming. I'm not talking about the people who profitted from this but all the annalist who study this stuff day after day.

everyone, and i mean everyone, was making money( and tons of it) ill bet you cant find one member of congress that had not taken money from Fannie or Freddie. everybody getting paid, who is going to be the hero? none of those clowns that we've elected.

[firstdown]

Originally Posted by dmek25

everyone, and i mean everyone, was making money( and tons of it) ill bet you cant find one member of congress that had not taken money from Fannie or Freddie. everybody getting paid, who is going to be the hero? none of those clowns that we've elected.

I'll bet take that bet about congress taking loans from Fannie or Freddy. How much?

[dmek25]

Originally Posted by firstdown

I'll bet take that bet about congress taking loans from Fannie or Freddy. How much?

over the last 10 years lobbyists from Fannie and Freddie have dished out approx. 170 million to anyone that would listen. let me guess, you think the old maverick hasnt touched any of that tainted money?

[firstdown]

Originally Posted by dmek25

over the last 10 years lobbyists from Fannie and Freddie have dished out approx. 170 million to anyone that would listen. let me guess, you think the old maverick hasnt touched any of that tainted money?

I was not even thinking along those lines. I thought you were saying they borrowed money from them but now I see your talking donations it makes more sense. The Maverick did some 4 to 5 years a go introduced legislation to have more over site on Fannie and Freddie which did not get passed so he did try.

[dmek25]

Originally Posted by firstdown

I was not even thinking along those lines. I thought you were saying they borrowed money from them but now I see your talking donations it makes more sense. The Maverick did some 4 to 5 years a go introduced legislation to have more over site on Fannie and Freddie which did not get passed so he did try.

i would like to see a link. because Sen. McCain has been one of the biggest proponents of deregulating. which in turn was part of the cause of this mess

[SmootSmack]

Originally Posted by dmek25

i would like to see a link. because Sen. McCain has been one of the biggest proponents of deregulating. which in turn was part of the cause of this mess

GovTrack: Senate Record: FEDERAL HOUSING ENTERPRISE REGULATORY REFORM... (109-s20060525-16)