Archive for September, 2008

“Fannie Mae – The New Kryptonite…??”

Tuesday, September 30th, 2008

As we get closer to the November election, it is clear that Republicans have decided to use ties to Fannie Mae as the new “Kryptonite”.   As an example, this is the headline from a NATIONAL PUBLICATION for LOAN OFFICERS:
“Kagen returned Fannie Mae’s donation
Sep 28, 2008 – McClatchy Tribune Business News
Author(s): Diana Marrero
Sep. 28–WASHINGTON — As [...]

President of BB&T “Goes Political…”

Friday, September 26th, 2008

Today BB&T CEO John Allison issued the following statement:
“…A significant and immediate tax credit for financial institutions to purchase homes would be a more effective solution for the financial crisis than the proposed $700 billion federal bailout. The federal government should also buy homes, and not securities backed by mortgages, he wrote in a Sept. [...]

Why Congress is Telling Bush/Paulson “NO!”

Wednesday, September 24th, 2008

A week ago Thursday evening, US Treasury Secretary Hank Paulson in a closed door session with the leadership of Congress finally disclosed that the mortgage meltdown that started in August of 2007, now threatened to shut down the entire US Economy.   Further Paulson told the members of Congress in this closed door session that if [...]

“Suze Orman IS FLAT OUT Not Telling the Truth!”

Thursday, September 18th, 2008

This evening on the Larry King Show, Leading Financial Expert Suze Orman said, “… if you had asked ANYONE last year if they believed that the stock market would crash, and the US Financial Market would be as Bad as it is right now, NO ONE would have said ‘YES’!”
SUZE is not telling the truth, [...]

“Federal Agents Seize Control of Fannie Mae AND Freddie Mac – Senior Execs FIRED!”

Monday, September 8th, 2008

It seems as though I have been bashing the Bush Administration over the inept handling of the mortgage crises, which has lead to a further erosion of the housing market, which has torpedoed the US Economy for over a year now…
… and for my last ’so-called blog fan’ who called me a “POLITICAL HACK”, understand [...]