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Posts Tagged ‘McCain’

securities through the secondary mortgage market. Mortgage originators had every incentive to make all the loans they could, but absolutely no incentive to assure that the borrowers could pay the loans back. Credit standards were relaxed, new “sub prime” products were introduced, “no-document” loans were issued. This system provided a great deal of liquidity to the mortgage industry. But it also removed the risk of making the loan from the loan originator and handed it to a huge, diffuse ” …

Obama says Sub Prime Mortgages that gave houses to people WHO COULDN’T AFFORD THEM was a GOOD IDEA!! Even as it was destroying our economy Obama thinks giving people mortgages who couldn’t afford them was a good idea. Then he says spreading the bad debt throughout the financial system was good “in theory” … Sub Primes have Destroyed our Economy and Obama thinks they are good idea Fannie Mae Freddie Mac Wall street Bailout Obama. Biden Explosive Audio Unearthed McCain Palin Prime Crisis In 2007 …

Phil Gramm, who now is the No. 2 at the Swiss bank UBS, told The Washington Times the US has benefited from globalization but most Americans are misguided by constant reports that the economy is at its worst in 30 years. “You’ve heard of mental depression; this is a mental recession,” Gramm, a former Texas senator, told the newspaper, adding that the presumptive Republican nominee will face an uphill battle fighting those perceptions. “We have sort of become a nation of whiners,” he said …

CNN Reports On Meghan McCain & Gay [Log Cabin] Republican Charles Moran – 04/19/09 … CNN Meghan McCain Gay Republicans Log Cabin Charles Moran 04/19/09

accelerated prices erratically, inviting speculation and loose lending practices which were both condoned and encouraged by existing regulation and carried out by risk-blind executives and Fannie Mae and Freddie Mac. Aside from ripping the corporate goons in the media, please be respectful in your comments. Thanks. Obama Bombshell Redistribution of Wealth Audio Uncovered … Barack Obama John McCain Economic Financial Crisis commentary analysis documentary gotcha! grassroots outreach news SNL …