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Demand that Obama release his college records! Where is the media?



 
 
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  #2  
Old October 9th 08, 04:00 AM posted to rec.gambling.poker,rec.aviation.piloting,rec.aviation.military,rec.sport.disc
Pepe Papon
external usenet poster
 
Posts: 6
Default Demand that Obama release his college records! Where is the media?

On Wed, 8 Oct 2008 12:28:24 -0700, "Neil Gould"
wrote:

wrote:
On Oct 7, 5:23 pm, Deadmoney Walking wrote:

Can they gain entry due to the skin color of their fathers?


actually, obama didn't fill out the race portion of his application to
Harvard. So he got in based on his qualifications alone. Unlike
McCain...

Who not only didn't get into Havard, but finished 5th from last at the Naval
Academy.


....and who crashed three planes before getting shot down over Vietnam.
http://www.latimes.com/news/politics...,7633315.story
  #3  
Old October 12th 08, 03:21 PM posted to rec.gambling.poker,rec.aviation.piloting,rec.aviation.military,rec.sport.disc
David E. Powell
external usenet poster
 
Posts: 168
Default Demand that Obama release his college records! Where is themedia?

On Oct 8, 3:28*pm, "Neil Gould" wrote:
wrote:
On Oct 7, 5:23 pm, Deadmoney Walking wrote:


Can they gain entry due to the skin color of their fathers?


actually, obama didn't fill out the race portion of his application to
Harvard. So he got in based on his qualifications alone. Unlike
McCain...


Who not only didn't get into Havard, but finished 5th from last at the Naval
Academy.


And unlike Obama we know this. Notice that with McCain they find
people going back to grade school who talk freely about him, people
know where he has stood since he was a kid. With Obama his career
seems to start when he got elected Senator and started running for
President. So does his whole biography. We hear "Community Organizer."
OK. Organizing a community for what? Working with who? To what ends?
These things are not covered. The Democratic party papers that all
over and the media seems fine with it. Never mind his law career
working for Franklin Raines, of Fannie Mae mismanagement infamy (also
someone Obama had on his campaign as an adviser) and never mind other
people who he may have worked with. never mind the goals they were
"organizing" for.

John Kerry, Al Gore, John McCain, Hillary Clinton, George W. Bush,
they all had pretty full biographies. Some things you might like about
them and some things no, but you knew where they stood. Obama's is
papered over in favor of pastel posters and images crafted from whole
cloth.

As for the USNA I doubt McCain wanted to go anyplace else, and most of
his leadership and service came after.
  #4  
Old October 12th 08, 04:07 PM posted to rec.gambling.poker,rec.aviation.piloting,rec.aviation.military,rec.sport.disc
Irish Mike
external usenet poster
 
Posts: 2
Default Demand that Obama release his college records! Where is the media?


"David E. Powell" wrote in message
...
On Oct 8, 3:28 pm, "Neil Gould" wrote:
wrote:
On Oct 7, 5:23 pm, Deadmoney Walking wrote:


Can they gain entry due to the skin color of their fathers?


actually, obama didn't fill out the race portion of his application to
Harvard. So he got in based on his qualifications alone. Unlike
McCain...


Who not only didn't get into Havard, but finished 5th from last at the
Naval
Academy.


"And unlike Obama we know this. Notice that with McCain they find
people going back to grade school who talk freely about him, people
know where he has stood since he was a kid. With Obama his career
seems to start when he got elected Senator and started running for
President. So does his whole biography. We hear "Community Organizer."
OK. Organizing a community for what? Working with who? To what ends?"

Obama was an arm twister for ACORN, one of the crookedest community
shake-down groups in the country. They are currently under investigation
for voter registration fraud in more than half a dozen states. In 1977
Jimmy Carter passed the Community Reinvestment Act to force banks to make
home mortgage loans to financially unqualified miniorities in inner city
neighborhoods. They fined any bank that did not comply. ACORN was funded
by the Democrat party and helped them use "entitlement" subprime mortgage
loans to buy minority votes. ACORN harrassed, intimidated and played the
race card on any bank or finanace company that refused to make these unsound
subprime mortgage loans. Obama helped ACORN file a law suit against an
Illinois finance company to block their desired merger with another finance
compay. ACORN succressfully argued that the finance company had not made
enough subprime mortgage loans to minorities. Obama won the law suit and
banks and finance companies all across the country began lowering their
standards for subprime loans to minorities. Plus, the Democrats were
pressuring F-MAE and F-MAC to buy up more and more of these subprime home
mortgages. Then, in 1999, Bill Clinton required that F-MAE and F-MAC have
up to 50% of their investment portfolios made up of subprime mortgages.
This sent a clear message to Wall Street. And that message was that F-MAE
and F-MAC would buy up all the high risk subprimes mortgages for minorities
and low income people that the banks could write. Well the banks loved it.
They were making money from up-front mortgage processing fees from mortgages
to unqualified buyers that they would have never given a loan to in a
hundred years if F-MAE and F-MAC weren't there to buy them. Then the banks
got greedy and started bundling and reselling these subprime mortgages to
investment banks, pension funds, insurance companies and private investors.
In 2001 Bush tried to warn the country of the dangers of F-MAE and F-MAC but
no one listened and Bush didn't push the warning as hard as he should have.
John McCain wrote a warning letter, which was also ignored. In 2004, the
Republicans introduced legislation that would have prevented, or at least
greatly reduced, the impact of the subprime mortgage disaster but it was
defeated by the Democrats and never passed. Eventually the housing market
over heated from the influx of all this subprime mortgage cash and home
prices were artifically inflated. Then the market corrected itself and home
prices plunged. And what happened to all these unqualified buyers who
bought houses they couldn't afford with mortgages they were too stupid to
read?

They found themselves paying on a $250K mortgage for a house that was now
only worth $200K. What did they do? They just stopped making the mortgage
payments. They weren't worried about ruining their credit because their
credit was **** to begin with and they knew they never should have qualified
for the home mortgage in the first place. They didn't put any money down,
so they had no skin in the game. And the Democrats were telling them
theywere "victims" any way. So when the subprime mortgages began to fail,
it affected all of the other companies that had bought up these bundled and
re-sold subprime mortgages. Because they had been used as collateral for
even more loans. And then F-MAE and F-MAC, which they had thought was their
"safety-net' went bankrupt for all practical purposes and the whole
house-of-cards collapsed. The Democrats have controlled congress and
chaired all of the banking and finance committees for the past two years.
Between 8/07 and 8/08, under the "leadership" of Democrats and Barney Frank,
F-MAE and F-MAC lost 90% of their stock value.

The sad thing is that this financial disaster, which was caused by the
predatory political tactics of Obama and the Democrats, is actually going to
put them in the White House.

Irish Mike


  #5  
Old October 12th 08, 04:26 PM posted to rec.gambling.poker,rec.aviation.piloting,rec.aviation.military,rec.sport.disc
Mike
external usenet poster
 
Posts: 573
Default Demand that Obama release his college records! Where is the media?

"Irish Mike" wrote in message
...

"David E. Powell" wrote in message
...
On Oct 8, 3:28 pm, "Neil Gould" wrote:
wrote:
On Oct 7, 5:23 pm, Deadmoney Walking wrote:


Can they gain entry due to the skin color of their fathers?


actually, obama didn't fill out the race portion of his application to
Harvard. So he got in based on his qualifications alone. Unlike
McCain...


Who not only didn't get into Havard, but finished 5th from last at the
Naval
Academy.


"And unlike Obama we know this. Notice that with McCain they find
people going back to grade school who talk freely about him, people
know where he has stood since he was a kid. With Obama his career
seems to start when he got elected Senator and started running for
President. So does his whole biography. We hear "Community Organizer."
OK. Organizing a community for what? Working with who? To what ends?"

Obama was an arm twister for ACORN, one of the crookedest community
shake-down groups in the country. They are currently under investigation
for voter registration fraud in more than half a dozen states. In 1977
Jimmy Carter passed the Community Reinvestment Act to force banks to make
home mortgage loans to financially unqualified miniorities in inner city
neighborhoods. They fined any bank that did not comply. ACORN was funded
by the Democrat party and helped them use "entitlement" subprime mortgage
loans to buy minority votes. ACORN harrassed, intimidated and played the
race card on any bank or finanace company that refused to make these
unsound subprime mortgage loans. Obama helped ACORN file a law suit
against an Illinois finance company to block their desired merger with
another finance compay. ACORN succressfully argued that the finance
company had not made enough subprime mortgage loans to minorities. Obama
won the law suit and banks and finance companies all across the country
began lowering their standards for subprime loans to minorities. Plus,
the Democrats were pressuring F-MAE and F-MAC to buy up more and more of
these subprime home mortgages. Then, in 1999, Bill Clinton required that
F-MAE and F-MAC have up to 50% of their investment portfolios made up of
subprime mortgages. This sent a clear message to Wall Street. And that
message was that F-MAE and F-MAC would buy up all the high risk subprimes
mortgages for minorities and low income people that the banks could write.
Well the banks loved it. They were making money from up-front mortgage
processing fees from mortgages to unqualified buyers that they would have
never given a loan to in a hundred years if F-MAE and F-MAC weren't there
to buy them. Then the banks got greedy and started bundling and reselling
these subprime mortgages to investment banks, pension funds, insurance
companies and private investors. In 2001 Bush tried to warn the country of
the dangers of F-MAE and F-MAC but no one listened and Bush didn't push
the warning as hard as he should have. John McCain wrote a warning letter,
which was also ignored. In 2004, the Republicans introduced legislation
that would have prevented, or at least greatly reduced, the impact of the
subprime mortgage disaster but it was defeated by the Democrats and never
passed. Eventually the housing market over heated from the influx of all
this subprime mortgage cash and home prices were artifically inflated.
Then the market corrected itself and home prices plunged. And what
happened to all these unqualified buyers who bought houses they couldn't
afford with mortgages they were too stupid to read?

They found themselves paying on a $250K mortgage for a house that was now
only worth $200K. What did they do? They just stopped making the
mortgage payments. They weren't worried about ruining their credit
because their credit was **** to begin with and they knew they never
should have qualified for the home mortgage in the first place. They
didn't put any money down, so they had no skin in the game. And the
Democrats were telling them theywere "victims" any way. So when the
subprime mortgages began to fail, it affected all of the other companies
that had bought up these bundled and re-sold subprime mortgages. Because
they had been used as collateral for even more loans. And then F-MAE and
F-MAC, which they had thought was their "safety-net' went bankrupt for all
practical purposes and the whole house-of-cards collapsed. The Democrats
have controlled congress and chaired all of the banking and finance
committees for the past two years. Between 8/07 and 8/08, under the
"leadership" of Democrats and Barney Frank, F-MAE and F-MAC lost 90% of
their stock value.

The sad thing is that this financial disaster, which was caused by the
predatory political tactics of Obama and the Democrats, is actually going
to put them in the White House.


Fortunately most people don't subscribe to the wingnut BS that you cut and
paste without bothering to fact check the validity.

  #6  
Old October 12th 08, 05:30 PM posted to rec.gambling.poker,rec.aviation.piloting,rec.aviation.military,rec.sport.disc
Irish Mike
external usenet poster
 
Posts: 2
Default Demand that Obama release his college records! Where is the media?


"Mike" nospam @ microsoft.com wrote in message
news
"Irish Mike" wrote in message
...

"David E. Powell" wrote in message
...
On Oct 8, 3:28 pm, "Neil Gould" wrote:
wrote:
On Oct 7, 5:23 pm, Deadmoney Walking wrote:

Can they gain entry due to the skin color of their fathers?

actually, obama didn't fill out the race portion of his application to
Harvard. So he got in based on his qualifications alone. Unlike
McCain...

Who not only didn't get into Havard, but finished 5th from last at the
Naval
Academy.


"And unlike Obama we know this. Notice that with McCain they find
people going back to grade school who talk freely about him, people
know where he has stood since he was a kid. With Obama his career
seems to start when he got elected Senator and started running for
President. So does his whole biography. We hear "Community Organizer."
OK. Organizing a community for what? Working with who? To what ends?"

Obama was an arm twister for ACORN, one of the crookedest community
shake-down groups in the country. They are currently under investigation
for voter registration fraud in more than half a dozen states. In 1977
Jimmy Carter passed the Community Reinvestment Act to force banks to make
home mortgage loans to financially unqualified miniorities in inner city
neighborhoods. They fined any bank that did not comply. ACORN was
funded by the Democrat party and helped them use "entitlement" subprime
mortgage loans to buy minority votes. ACORN harrassed, intimidated and
played the race card on any bank or finanace company that refused to make
these unsound subprime mortgage loans. Obama helped ACORN file a law
suit against an Illinois finance company to block their desired merger
with another finance compay. ACORN succressfully argued that the finance
company had not made enough subprime mortgage loans to minorities. Obama
won the law suit and banks and finance companies all across the country
began lowering their standards for subprime loans to minorities. Plus,
the Democrats were pressuring F-MAE and F-MAC to buy up more and more of
these subprime home mortgages. Then, in 1999, Bill Clinton required that
F-MAE and F-MAC have up to 50% of their investment portfolios made up of
subprime mortgages. This sent a clear message to Wall Street. And that
message was that F-MAE and F-MAC would buy up all the high risk subprimes
mortgages for minorities and low income people that the banks could
write. Well the banks loved it. They were making money from up-front
mortgage processing fees from mortgages to unqualified buyers that they
would have never given a loan to in a hundred years if F-MAE and F-MAC
weren't there to buy them. Then the banks got greedy and started
bundling and reselling these subprime mortgages to investment banks,
pension funds, insurance companies and private investors. In 2001 Bush
tried to warn the country of the dangers of F-MAE and F-MAC but no one
listened and Bush didn't push the warning as hard as he should have. John
McCain wrote a warning letter, which was also ignored. In 2004, the
Republicans introduced legislation that would have prevented, or at least
greatly reduced, the impact of the subprime mortgage disaster but it was
defeated by the Democrats and never passed. Eventually the housing
market over heated from the influx of all this subprime mortgage cash and
home prices were artifically inflated. Then the market corrected itself
and home prices plunged. And what happened to all these unqualified
buyers who bought houses they couldn't afford with mortgages they were
too stupid to read?

They found themselves paying on a $250K mortgage for a house that was now
only worth $200K. What did they do? They just stopped making the
mortgage payments. They weren't worried about ruining their credit
because their credit was **** to begin with and they knew they never
should have qualified for the home mortgage in the first place. They
didn't put any money down, so they had no skin in the game. And the
Democrats were telling them theywere "victims" any way. So when the
subprime mortgages began to fail, it affected all of the other companies
that had bought up these bundled and re-sold subprime mortgages.
Because they had been used as collateral for even more loans. And then
F-MAE and F-MAC, which they had thought was their "safety-net' went
bankrupt for all practical purposes and the whole house-of-cards
collapsed. The Democrats have controlled congress and chaired all of the
banking and finance committees for the past two years. Between 8/07 and
8/08, under the "leadership" of Democrats and Barney Frank, F-MAE and
F-MAC lost 90% of their stock value.

The sad thing is that this financial disaster, which was caused by the
predatory political tactics of Obama and the Democrats, is actually going
to put them in the White House.


Fortunately most people don't subscribe to the wingnut BS that you cut and
paste without bothering to fact check the validity.


I didn't cut and paste any thing. But, please, point out any thing that I
said in my post that was not accurate, true and factual.

Irish Mike


  #7  
Old October 12th 08, 07:48 PM posted to rec.gambling.poker,rec.aviation.piloting,rec.aviation.military,rec.sport.disc
Mike
external usenet poster
 
Posts: 573
Default Demand that Obama release his college records! Where is the media?

"Irish Mike" wrote in message
...

"Mike" nospam @ microsoft.com wrote in message
news
"Irish Mike" wrote in message
...

"David E. Powell" wrote in message
...
On Oct 8, 3:28 pm, "Neil Gould" wrote:
wrote:
On Oct 7, 5:23 pm, Deadmoney Walking wrote:

Can they gain entry due to the skin color of their fathers?

actually, obama didn't fill out the race portion of his application
to
Harvard. So he got in based on his qualifications alone. Unlike
McCain...

Who not only didn't get into Havard, but finished 5th from last at the
Naval
Academy.

"And unlike Obama we know this. Notice that with McCain they find
people going back to grade school who talk freely about him, people
know where he has stood since he was a kid. With Obama his career
seems to start when he got elected Senator and started running for
President. So does his whole biography. We hear "Community Organizer."
OK. Organizing a community for what? Working with who? To what ends?"

Obama was an arm twister for ACORN, one of the crookedest community
shake-down groups in the country. They are currently under
investigation for voter registration fraud in more than half a dozen
states. In 1977 Jimmy Carter passed the Community Reinvestment Act to
force banks to make home mortgage loans to financially unqualified
miniorities in inner city neighborhoods. They fined any bank that did
not comply. ACORN was funded by the Democrat party and helped them use
"entitlement" subprime mortgage loans to buy minority votes. ACORN
harrassed, intimidated and played the race card on any bank or finanace
company that refused to make these unsound subprime mortgage loans.
Obama helped ACORN file a law suit against an Illinois finance company
to block their desired merger with another finance compay. ACORN
succressfully argued that the finance company had not made enough
subprime mortgage loans to minorities. Obama won the law suit and banks
and finance companies all across the country began lowering their
standards for subprime loans to minorities. Plus, the Democrats were
pressuring F-MAE and F-MAC to buy up more and more of these subprime
home mortgages. Then, in 1999, Bill Clinton required that F-MAE and
F-MAC have up to 50% of their investment portfolios made up of subprime
mortgages. This sent a clear message to Wall Street. And that message
was that F-MAE and F-MAC would buy up all the high risk subprimes
mortgages for minorities and low income people that the banks could
write. Well the banks loved it. They were making money from up-front
mortgage processing fees from mortgages to unqualified buyers that they
would have never given a loan to in a hundred years if F-MAE and F-MAC
weren't there to buy them. Then the banks got greedy and started
bundling and reselling these subprime mortgages to investment banks,
pension funds, insurance companies and private investors. In 2001 Bush
tried to warn the country of the dangers of F-MAE and F-MAC but no one
listened and Bush didn't push the warning as hard as he should have.
John McCain wrote a warning letter, which was also ignored. In 2004,
the Republicans introduced legislation that would have prevented, or at
least greatly reduced, the impact of the subprime mortgage disaster but
it was defeated by the Democrats and never passed. Eventually the
housing market over heated from the influx of all this subprime mortgage
cash and home prices were artifically inflated. Then the market
corrected itself and home prices plunged. And what happened to all
these unqualified buyers who bought houses they couldn't afford with
mortgages they were too stupid to read?

They found themselves paying on a $250K mortgage for a house that was
now only worth $200K. What did they do? They just stopped making the
mortgage payments. They weren't worried about ruining their credit
because their credit was **** to begin with and they knew they never
should have qualified for the home mortgage in the first place. They
didn't put any money down, so they had no skin in the game. And the
Democrats were telling them theywere "victims" any way. So when the
subprime mortgages began to fail, it affected all of the other companies
that had bought up these bundled and re-sold subprime mortgages.
Because they had been used as collateral for even more loans. And then
F-MAE and F-MAC, which they had thought was their "safety-net' went
bankrupt for all practical purposes and the whole house-of-cards
collapsed. The Democrats have controlled congress and chaired all of
the banking and finance committees for the past two years. Between 8/07
and 8/08, under the "leadership" of Democrats and Barney Frank, F-MAE
and F-MAC lost 90% of their stock value.

The sad thing is that this financial disaster, which was caused by the
predatory political tactics of Obama and the Democrats, is actually
going to put them in the White House.


Fortunately most people don't subscribe to the wingnut BS that you cut
and paste without bothering to fact check the validity.


I didn't cut and paste any thing. But, please, point out any thing that I
said in my post that was not accurate, true and factual.


Hmmm, so let me see how your game works. You feel free to post the most
ridiculous BS without one single reference and then you think the burden of
proving your BS wrong rests with the reader? I don't really feel the
obligation to prove it's BS, but since I enjoy showing how some people are
clueless, I'll be happy to take you up on your challenge.

Here's a few instances of BS in your long winded rant that you seem
insistent on taking full credit for:

1) CRA doesn't issue fines and never has from the first day Carter signed it
through its many changes and up to today. From this alone, one can conclude
that you don't have the slightest idea what you're talking about.

2) 80% of subprime mortgages were issued by financial institutions that
weren't covered by CRA.

3) In 2004, Republicans controlled both the executive and legislative
branches of government, yet you blame the Democrats for defeat of subprime
mortgage legislation.

4) The Democrats passed legislation increasing regulation on GSEs not long
after they took charge (after many years of Republicans failing to do so),
yet you blame Barney Frank's leadership for their losing 90% of their value
due to a problem that took many years to develop.

5) The warning letter you claim McCain "wrote", was actually written by
someone else and was signed by numerous senators, including McCain. It was
written to the Republican leadership in the US Senate urging more floor time
to debate GSE reform and it was ignored by Bill Frist (R).

6) As far as McCain "warning" anyone about anything, all you have to do is
listen to his own words:
"I don't really know of hardly anybody who, with the exception of a handful,
that said, wait a minute this thing is getting completely out of hand and is
overheating. So, I'd like to tell you I did anticipate it, but I have to
give you straight talk. I did not."
http://www.nhelects.com/NHPrimaryVid...HTitle=VLTitle

  #8  
Old October 13th 08, 01:42 AM posted to rec.gambling.poker,rec.aviation.piloting,rec.aviation.military,rec.sport.disc
jacob
external usenet poster
 
Posts: 6
Default Demand that Obama release his college records! Where is themedia?

But there has to be some way to blame big picture economic problems on
poor/lower-middle class Black people. What's the alternative? We
can't blame rich White people, can we? Fox news told me they were all
great.
  #9  
Old October 13th 08, 01:16 AM posted to rec.gambling.poker,rec.aviation.piloting,rec.aviation.military,alt.usenet.kooks,soc.culture.irish
Bertie the Bunyip[_28_]
external usenet poster
 
Posts: 481
Default Demand that Obama release his college records! Where is the media?

"Irish Mike" wrote in
:


"Mike" nospam @ microsoft.com wrote in message
news
"Irish Mike" wrote in message
...

"David E. Powell" wrote in message
news:bbb71dc6-3fff-4cda-ac8d-


m... On Oct 8, 3:28 pm, "Neil Gould" wrote:
wrote:
On Oct 7, 5:23 pm, Deadmoney Walking wrote:

Can they gain entry due to the skin color of their fathers?

actually, obama didn't fill out the race portion of his
application to Harvard. So he got in based on his qualifications
alone. Unlike McCain...

Who not only didn't get into Havard, but finished 5th from last at
the Naval
Academy.

"And unlike Obama we know this. Notice that with McCain they find
people going back to grade school who talk freely about him, people
know where he has stood since he was a kid. With Obama his career
seems to start when he got elected Senator and started running for
President. So does his whole biography. We hear "Community
Organizer." OK. Organizing a community for what? Working with who?
To what ends?"

Obama was an arm twister for ACORN, one of the crookedest community
shake-down groups in the country. They are currently under
investigation for voter registration fraud in more than half a dozen
states. In 1977 Jimmy Carter passed the Community Reinvestment Act
to force banks to make home mortgage loans to financially
unqualified miniorities in inner city neighborhoods. They fined any
bank that did not comply. ACORN was funded by the Democrat party
and helped them use "entitlement" subprime mortgage loans to buy
minority votes. ACORN harrassed, intimidated and played the race
card on any bank or finanace company that refused to make these
unsound subprime mortgage loans. Obama helped ACORN file a law
suit against an Illinois finance company to block their desired
merger with another finance compay. ACORN succressfully argued that
the finance company had not made enough subprime mortgage loans to
minorities. Obama won the law suit and banks and finance companies
all across the country began lowering their standards for subprime
loans to minorities. Plus, the Democrats were pressuring F-MAE and
F-MAC to buy up more and more of these subprime home mortgages.
Then, in 1999, Bill Clinton required that F-MAE and F-MAC have up to
50% of their investment portfolios made up of subprime mortgages.
This sent a clear message to Wall Street. And that message was that
F-MAE and F-MAC would buy up all the high risk subprimes mortgages
for minorities and low income people that the banks could write.
Well the banks loved it. They were making money from up-front
mortgage processing fees from mortgages to unqualified buyers that
they would have never given a loan to in a hundred years if F-MAE
and F-MAC weren't there to buy them. Then the banks got greedy and
started bundling and reselling these subprime mortgages to
investment banks, pension funds, insurance companies and private
investors. In 2001 Bush tried to warn the country of the dangers of
F-MAE and F-MAC but no one listened and Bush didn't push the warning
as hard as he should have. John McCain wrote a warning letter, which
was also ignored. In 2004, the Republicans introduced legislation
that would have prevented, or at least greatly reduced, the impact
of the subprime mortgage disaster but it was defeated by the
Democrats and never passed. Eventually the housing market over
heated from the influx of all this subprime mortgage cash and home
prices were artifically inflated. Then the market corrected itself
and home prices plunged. And what happened to all these unqualified
buyers who bought houses they couldn't afford with mortgages they
were too stupid to read?

They found themselves paying on a $250K mortgage for a house that
was now only worth $200K. What did they do? They just stopped
making the mortgage payments. They weren't worried about ruining
their credit because their credit was **** to begin with and they
knew they never should have qualified for the home mortgage in the
first place. They didn't put any money down, so they had no skin in
the game. And the Democrats were telling them theywere "victims"
any way. So when the subprime mortgages began to fail, it affected
all of the other companies that had bought up these bundled and
re-sold subprime mortgages. Because they had been used as collateral
for even more loans. And then F-MAE and F-MAC, which they had
thought was their "safety-net' went bankrupt for all practical
purposes and the whole house-of-cards collapsed. The Democrats have
controlled congress and chaired all of the banking and finance
committees for the past two years. Between 8/07 and 8/08, under the
"leadership" of Democrats and Barney Frank, F-MAE and F-MAC lost 90%
of their stock value.

The sad thing is that this financial disaster, which was caused by
the predatory political tactics of Obama and the Democrats, is
actually going to put them in the White House.


Fortunately most people don't subscribe to the wingnut BS that you
cut and paste without bothering to fact check the validity.


I didn't cut and paste any thing. But, please, point out any thing
that I said in my post that was not accurate, true and factual.



Pretty much the whole thing..


BTW, if you're actually irish, why would you care anyhow?


Bertie
  #10  
Old October 12th 08, 04:42 PM posted to rec.gambling.poker,rec.aviation.piloting,rec.aviation.military,alt.usenet.kooks
Bertie the Bunyip[_28_]
external usenet poster
 
Posts: 481
Default Demand that Obama release his college records! Where is the media?

"David E. Powell" wrote in
:

On Oct 8, 3:28*pm, "Neil Gould" wrote:
wrote:
On Oct 7, 5:23 pm, Deadmoney Walking wrote:


Can they gain entry due to the skin color of their fathers?


actually, obama didn't fill out the race portion of his application
to Harvard. So he got in based on his qualifications alone. Unlike
McCain...


Who not only didn't get into Havard, but finished 5th from last at
the Na

val
Academy.


And unlike Obama we know this. Notice that with McCain they find
people going back to grade school who talk freely about him, people
know where he has stood since he was a kid. With Obama his career
seems to start when he got elected Senator and started running for
President. So does his whole biography. We hear "Community Organizer."
OK. Organizing a community for what? Working with who? To what ends?
These things are not covered.



Uh, yeh, they are....


Bertie
 




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