Comments on: Democrats assured us nothing was wrong with Fannie Mae and Freddie Mac in 2004 http://www.hoshuha.com/blog/democrats-fannie-mae-freddie-mac-in-2004.html A blog about current events from a Christian perspective. Tue, 21 Sep 2010 02:19:26 +0000 hourly 1 http://wordpress.org/?v=3.2 By: Nick http://www.hoshuha.com/blog/democrats-fannie-mae-freddie-mac-in-2004.html/comment-page-1#comment-1540 Nick Tue, 30 Sep 2008 15:02:48 +0000 http://www.hoshuha.com/blog/?p=333#comment-1540 The current credit freeze is likely due to Wall Street's hope of a bailout; bankers will not sell their lousy assets for 20 cents on the dollar if the government might pay 30, 50, or 80 cents. NO Bailout of wall street! NO transfer of debt to main street! NO Bailout! What we really need is getting rid of Fannie Mae and Freddie Mac, along with policies like the Community Reinvestment Act that pressure banks into subprime lending. Central banks and governments cannot transform unprofitable investments into profitable ones. They cannot force institutions to increase lending when they are so exposed. This is why calls for throwing more money at the problem are so totally misguided. The current credit freeze is likely due to Wall Street’s hope of a bailout; bankers will not sell their lousy assets for 20 cents on the dollar if the government might pay 30, 50, or 80 cents.

NO Bailout of wall street! NO transfer of debt to main street! NO Bailout!

What we really need is getting rid of Fannie Mae and Freddie Mac, along with policies like the Community Reinvestment Act that pressure banks into subprime lending. Central banks and governments cannot transform unprofitable investments into profitable ones. They cannot force institutions to increase lending when they are so exposed. This is why calls for throwing more money at the problem are so totally misguided.

]]> By: casey http://www.hoshuha.com/blog/democrats-fannie-mae-freddie-mac-in-2004.html/comment-page-1#comment-1538 casey Tue, 30 Sep 2008 13:44:00 +0000 http://www.hoshuha.com/blog/?p=333#comment-1538 Yeah, here's hoping the American people will not be tricked into putting the very people who caused the problem in charge of solving it. The words of Ronald Reagan ring true: "Government is not the solution to our problems. Government <i>is</i> the problem." Yeah, here’s hoping the American people will not be tricked into putting the very people who caused the problem in charge of solving it. The words of Ronald Reagan ring true: “Government is not the solution to our problems. Government is the problem.”

]]> By: Kansas Bob http://www.hoshuha.com/blog/democrats-fannie-mae-freddie-mac-in-2004.html/comment-page-1#comment-1536 Kansas Bob Tue, 30 Sep 2008 13:15:46 +0000 http://www.hoshuha.com/blog/?p=333#comment-1536 Plenty of blame to go around these days.. hopefully we will learn from our mistakes.. yikes.. government learning from mistakes.. did I say that? Plenty of blame to go around these days.. hopefully we will learn from our mistakes.. yikes.. government learning from mistakes.. did I say that?

]]> By: Nephos http://www.hoshuha.com/blog/democrats-fannie-mae-freddie-mac-in-2004.html/comment-page-1#comment-1534 Nephos Tue, 30 Sep 2008 03:13:46 +0000 http://www.hoshuha.com/blog/?p=333#comment-1534 "Facts are stubborn things." You have to love C-Span. Can't change history. “Facts are stubborn things.”

You have to love C-Span. Can’t change history.

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