In 2004 Obama said the “monstrous” deficits were “an enormous problem” when the deficit was $413 billion. In 2008 he said increasing the debt would burden our children and was unpatriotic. Heritage Foundation gives 17 reasons he was right then and it’s so much worse now.
Post Tagged with: "mortgages"
May 11, 2011 05:10
The Fannie Mae Mess
In a free market economy, when did anyone ever imagine that the government would “own or guarantee” the vast bulk of home mortgages? And why? This is the result of socialist policies that assert that everyone should have an imagined “right” to own a home when common sense says that not everyone could qualify for this.
December 6, 2010 12:20
The con of the century – Federal Reserve made $9 trillion in short-term loans to only 18 financial institutions. Since 2000 the US dollar has fallen by 33 percent. The hidden cost of the bailouts.
The Fed operated as a global pawnshop taking in practically anything the banks had for collateral.
November 1, 2010 12:25
15 million homeowners ‘under water’ – flood of pending foreclosures?
FNC legal analyst Bob Massi discusses why millions of Americans can’t afford their homes.
October 23, 2010 08:22
The Bailout That Keeps On Giving
Together, Fannie and Freddie own or guarantee close to half of the nation’s $10.6 trillion mortgages. Last year the Obama Administration lifted the spending limit, placing the American tax payer in the position of the inexhaustible lender.
April 16, 2010 05:32
Repeal CRA, stop blackmailing banks and wrecking the economy
Rep. Jeb Hensarling, R-Texas, has introduced legislation to repeal the 1977 Community Reinvestment Act, a damaging relic from Jimmy Carter’s presidency and a major cause of the financial crisis.
April 8, 2010 17:57
Greenspan Gets It (Why Not Others?)
Most notably, Greenspan implied it was Congress’ meddling incompetence — not the Fed, or free markets, or greedy bankers — that created the financial meltdown.
