anybody have the Ahhnold picture that says "Ahm not going to read all dat"?

Seems appropriate here.

Am I doing it right?

Here ya go subby:

- Democrat congressmen and senators are mostly in the pockets of Fanny and Freddie

- Fanny and Freddie execs were worried that the EVIL Republicans might actually stop them doing stoopid shiat.

- Fanny and Freddie tried to pay off Republican senators.

- Enough Republican senators were already stoopid enough to oppose the Republican attempts to regulate Fanny and Freddie, so that the bribes (sorry, campaign funding) to Republican senators wasn't necessary.

- TFA not clear on whether the stoopid Republicans were already in the pay of Fanny and Freddy by other channels.

Isn't representative democracy great?

/ Hint: not when voters let their representative get away with this.

My head exploded. Where's windmill beard?

Who ended up getting the money?

Over-reaching undeserving poor folks who got the loans? No, they just ended up with the houses, no equity and escalating payments.

Banks and other lenders? Not really. They got a slice, but not the bulk of the cash.

Land developers and builders? hmmm?

Aquiles Suarez, listed as an economic adviser to the McCain campaign in a July 2007 McCain press release, was formerly the director of government and industry relations for Fannie Mae. The Senate Lobbying Database says Suarez oversaw the lending giant's $47,510,000 lobbying campaign from 2003 to 2006.

And other current McCain campaign staffers were the lobbyists receiving shares of that money. According to the Senate Lobbying Database, the lobbying firm of Charlie Black, one of McCain's top aides, made at least $820,000 working for Freddie Mac from 1999 to 2004. The McCain campaign's vice-chair Wayne Berman and its congressional liaison John Green made $1.14 million working on behalf of Fannie Mae for lobbying firm Ogilvy Government Relations. Green made an additional $180,000 from Freddie Mac. Arther B. Culvahouse Jr., the VP vetter who helped John McCain select Sarah Palin, earned $80,000 from Fannie Mae in 2003 and 2004, while working for lobbying and law firm O'Melveny & Myers LLP. In addition, Politico reports that at least 20 McCain fundraisers have lobbied for Fannie Mae and Freddie Mac, pocketing at least $12.3 million over the last nine years.

For years McCain campaign manager Rick Davis was head of the Homeownership Alliance, a lobbying association that included Fannie Mae, Freddie Mac, real estate agents, homebuilders, and non-profits. According to Politico, the organization opposed congressional attempts at regulation of Fannie and Freddie, along the lines of what John McCain is currently proposing. In his capacity of president of the group, Davis went on record in 2003 and insisted that no further reform of the lenders was necessary, in contradiction to his current boss's sentiments. "[Fannie and Freddie] are subject to an innovative and stringent risk-based capital stress test," Davis wrote. "The toughest in the financial services industry."

^{(^)}

haha what a bunch of whiners. I told them this was just a mental recession.

WTF?
this shiat makes me crazy ....

nice to know that you can lobby to prevent the government from doing its farking job

god I have these people

and YET they blame the DEMS for this not passing ???
HAHAHAAHAHAHAHAHAHAHHAHHAHAHAAH

So, are we trying to make the PITA-o-meter explode?

I'm getting a 403 Error.

But really, another fascist greenlit?

The headline is more fun if you hear the theme music from Soap vamping in your head.


Confused? You won't be...

NeverDrunk23: So, are we trying to make the PITA-o-meter explode?

The what o meter?

/FF Image Block FTW

Comrade Nama, the great Chairman Obama says to hide all the Dem fingerprings found all over this mess.

Very simple!

winterwhile: Comrade Nama, the great Chairman Obama says to hide all the Dem fingerprings found all over this mess.

You again?

Theological Farker: NeverDrunk23: So, are we trying to make the PITA-o-meter explode?

The what o meter?

/FF Image Block FTW

Political Inclination Thermometric Analyzer

Basically, it looks like a thermometer, and a line indicates how left or right leaning an article/post is. Its at the top of every politics thread.

Sometimes I think the only fixed policy of the two parties in the US is to oppose their other, regardless of their own feelings.

/Jack Johnson or John Jackson?

If i can borrow Occam's Chainsaw for a few seconds. Thanks buddy.

Headline should read: "Everybody in congress opposed a bill that would have regulated Fannie Mae".

Hobodeluxe hands out the beatdown of the day.

/Tip of the cap

winterwhile: Comrade Nama, the great Chairman Obama says to hide all the Dem fingerprings found all over this mess.

There's no hiding them. They're all over the place. Right next to the republicans'.

Where the heck is Chuck Hagel when you need him?

mainstreet62: Basically, it looks like a thermometer, and a line indicates how left or right leaning an article/post is. Its at the top of every politics thread.

Either someone did not understand my slashy, or someone is being a douchenozzle of the highest order. I enjoy my politics threads without that flamboyant ass hattery at the tope, tyvm.

Comrade dasqoot, please hide the fingerprings, we all know who voted in Fanie Mae and Mak, who ran oversight, who even wrote all the regulations we ever wanted, and even took bribes from both.

Chairman Obama will not be happy if any of this gets out. Code word of the day is "Blame Bush".

The guy was acting as a lobbyist, not a campaign manager.

McCain's campaign manager was paid $2 million to defend Fannie and Freddie against stricter regulations.
http://www.iht.com/articles/2008/09/22/america/22mccain.php

Freddie Mac paid McCain's campaign manager's firm $15,000 a month between 2006 and August 2008.
http://www.newsweek.com/id/161218/output/print

McCain's campaigned lied about the Fannie Mae CEO advising Obama. Raines was never an advisor to Obama.
http://voices.washingtonpost.com/fact-checker/2008/09/obamas_fannie_mae_connecti on.html

At least 20 McCain fundraisers have lobbied on behalf of Fannie Mae and Freddie Mac, netting at least $12.3 million in fees over the past nine years
http://www.politico.com/news/stories/0708/11781.html

Bush Minority Homeownership Plan Rests Heavily on Fannie and Freddie (2006)
http://realtytimes.com/rtpages/20020624_bushplan.htm

winterwhile: Comrade dasqoot, please hide the fingerprings, we all know who voted in Fanie Mae and Mak, who ran oversight, who even wrote all the regulations we ever wanted, and even took bribes from both.

The republicans. Yes. What about them?

mainstreet62: Theological Farker: NeverDrunk23: So, are we trying to make the PITA-o-meter explode?

The what o meter?

/FF Image Block FTW

Political Inclination Thermometric Analyzer

Basically, it looks like a thermometer, and a line indicates how left or right leaning an article/post is. Its at the top of every politics thread.

Whats a thread?

dasqoot: If i can borrow Occam's Chainsaw for a few seconds. Thanks buddy.

Headline should read: "Everybody in congress opposed a bill that would have regulated Fannie Mae".

Wrong. A bunch of Republic Senators (about 25) wrote and supported the legislation to increase the regulations. However, not enough Republicans supported the legislation to get the bill passed without any Democratic support.

According to the article, the shortfall in Republican support may have been partly owed to a lobbying effort against the bill paid for Fannie Mae, which was being run at that time by other Republican appointees.

So you have some Republicans in favor of more regulation and some opposed.

The article doesn't make clear why the Democrats were all opposed to the legislation, other than their belief that Freddie Mac and Fannie Mae had made mortgages and home ownership available to many of their constituents previously largely excluded by the banks.

winterwhile

Your Text, Dialectized (bork)

Cumrede-a desquut, pleese-a heede-a zee feengerprings, ve-a ell knoo vhu futed in Funeee-a Mee-a und Mek, vhu run ooferseeght, vhu ifee vrute-a ell zee regooleshuns ve-a ifer vunted, und ifee tuuk breebes frum but. Cheurmun Oobema veell nut be-a heppy iff uny ooff thees gets oooot. Um de hur de hur de hur. Cude-a vurd ooff zee dey is "Bleme-a Boosh".

The Dialectizer will put things in perspective.

antidisestablishmentarianism: winterwhile

Your Text, Dialectized (bork)

Cumrede-a desquut, pleese-a heede-a zee feengerprings, ve-a ell knoo vhu futed in Funeee-a Mee-a und Mek, vhu run ooferseeght, vhu ifee vrute-a ell zee regooleshuns ve-a ifer vunted, und ifee tuuk breebes frum but. Cheurmun Oobema veell nut be-a heppy iff uny ooff thees gets oooot. Um de hur de hur de hur. Cude-a vurd ooff zee dey is "Bleme-a Boosh".

The Dialectizer will put things in perspective.

Cumrede-a desquut, pleese-a heede-a zee feengerprin's, ve-a ell knoo vhu futed in Funeee-a Mee-a und Mek, vhu run ooferseeght, vhu ifee vrute-a ell zee regooleshuns ve-a ifa' vunted, und ifee tuuk breebes frum but. Man! Cheurmun Oobema veell nut be-a heppy iff uny ooff dees digs oooot. Man! Um de hur de hur de hur. Ah be baaad... Cude-a vurd ooff zee dey be "Bleme-a Boosh".

lolwut?

Bill Frist: winterwhile: Comrade dasqoot, please hide the fingerprings, we all know who voted in Fanie Mae and Mak, who ran oversight, who even wrote all the regulations we ever wanted, and even took bribes from both.

The republicans. Yes. What about them?

Out of curiosity, how much are you paid to shill here on Fark?

Jesus this is more stupid crap. I am ready to hear from Joe the plumber again. At least he focused on a damned issue.

notmtwain: dasqoot: If i can borrow Occam's Chainsaw for a few seconds. Thanks buddy.

Headline should read: "Everybody in congress opposed a bill that would have regulated Fannie Mae".

Wrong. A bunch of Republic Senators (about 25) wrote and supported the legislation to increase the regulations. However, not enough Republicans supported the legislation to get the bill passed without any Democratic support.

According to the article, the shortfall in Republican support may have been partly owed to a lobbying effort against the bill paid for Fannie Mae, which was being run at that time by other Republican appointees.

So you have some Republicans in favor of more regulation and some opposed.

The article doesn't make clear why the Democrats were all opposed to the legislation, other than their belief that Freddie Mac and Fannie Mae had made mortgages and home ownership available to many of their constituents previously largely excluded by the banks.


That's fairly accurate. FTFA: "Democrats did not like the harshest provision, which would have given a new regulator a mandate to shrink Freddie Mac and Fannie Mae by forcing them to sell off part of their portfolios. That approach, the Democrats feared, would cut into the ability of low- and moderate-income families to buy houses."

Theological Farker: mainstreet62: Basically, it looks like a thermometer, and a line indicates how left or right leaning an article/post is. Its at the top of every politics thread.

Either someone did not understand my slashy, or someone is being a douchenozzle of the highest order. I enjoy my politics threads without that flamboyant ass hattery at the tope, tyvm.

I guess that was the incorrect answer......spill_thrill: mainstreet62: Theological Farker: NeverDrunk23: So, are we trying to make the PITA-o-meter explode?

The what o meter?

/FF Image Block FTW

Political Inclination Thermometric Analyzer

Basically, it looks like a thermometer, and a line indicates how left or right leaning an article/post is. Its at the top of every politics thread.

Whats a thread?

A thread is apparently what is hanging out of Theological Farker's ass, along with copious amounts of sand

You said you have Image Block on, did you not? I was trying to be helpful, and I got called a douchenozzle. I wasn't trying to be a smartass then. I am now.

Republicans are so corrupt they have no idea what they are doing anymore...

"I can't remember, I am for that or against it? Oh well, give me some money and tell me what to do."

RandomExcess: Republicans are so corrupt they have no idea what they are doing anymore...

"I can't remember, I am for that or against it? Oh well, give me some money and tell me what to do."

If you tell the truth you don't have to remember anything.
- Mark Twain, 1894

Comrade Random, thats a good line, even Chairman Obama would like that turn of events if it was true. Now we somehow have to hide 2 years of corrupt Comrade Pilosi runimh the congress, which has had the effect of
1) Consumer confidence has plummeted ;
2) Gasoline climbing!;
3) Unemployment is up to 5.5% (a 10% increase);
4) Americans have seen their home equity drop by $12 TRILLION

Way to go Comrade Pilosi

Gangway Fathead: The headline is more fun if you hear the theme music from Soap vamping in your head.


Confused? You won't be...

Brilliant. Dated, but brilliant.

winterwhile: Comrade Random, thats a good line, even Chairman Obama would like that turn of events if it was true. Now we somehow have to hide 2 years of corrupt Comrade Pilosi runimh the congress, which has had the effect of
1) Consumer confidence has plummeted ;
2) Gasoline climbing!;
3) Unemployment is up to 5.5% (a 10% increase);
4) Americans have seen their home equity drop by $12 TRILLION

Way to go Comrade Pilosi

Pelosi makes me as sick as any other Democrat, but the allegations you make here aren't credible. Neither the President nor Congress can single-handedly take credit for any of those factors. The market is influenced by government, but it still operates mostly by its own set of physics. The market has a tendency to have a cycle, and consumer spending and saving habits have a hell of a lot more to do with what we're seeing now than any other factor.

Now, Pelosi and her allies are over the moon about the economy sinking, and that's disgusting to me, but it's asinine to blame Bush, Pelosi, or any other individual for what we're looking at now. Republicans and Democrats can be assigned a bit of blame for different deeds, but I think you go too far.

Login: winterwhile (Want to sponsor this Farker for TotalFark?)
Fark account number: 418546
Account created: 2008-07-26 20:13:07
Submitted links approved: none
Location: Maryland


Probability of troll: High

Comrads anti, we must not explain the other big crashes comming. We must not explain that Social Security is set to run out of money in just 10 years, and that a tax increase will further doom the country. Chairman Obama has assured us that this ponzi scheme we call Social Security will go bust, but he can save it with new bigger Taxes.

Fannie/Freddie Mac was only about 20% of the problem... The rest of the blame lies with Phil Gramm, and his deregulation of mortgage-backed securities.

IndyGemini: winterwhile: Comrade Random, thats a good line, even Chairman Obama would like that turn of events if it was true. Now we somehow have to hide 2 years of corrupt Comrade Pilosi runimh the congress, which has had the effect of
1) Consumer confidence has plummeted ;
2) Gasoline climbing!;
3) Unemployment is up to 5.5% (a 10% increase);
4) Americans have seen their home equity drop by $12 TRILLION

Way to go Comrade Pilosi

Pelosi makes me as sick as any other Democrat, but the allegations you make here aren't credible. Neither the President nor Congress can single-handedly take credit for any of those factors. The market is influenced by government, but it still operates mostly by its own set of physics. The market has a tendency to have a cycle, and consumer spending and saving habits have a hell of a lot more to do with what we're seeing now than any other factor.

Now, Pelosi and her allies are over the moon about the economy sinking, and that's disgusting to me, but it's asinine to blame Bush, Pelosi, or any other individual for what we're looking at now. Republicans and Democrats can be assigned a bit of blame for different deeds, but I think you go too far.

Nuh UHHH! Only ONE party is guilty! I don't know which one, but I know that sharing the blame is stoopid!

IndyGemini: Now, Pelosi and her allies are over the moon about the economy sinking, and that's disgusting to me

It's funny how you had to appease his imbecilic ranting because he's on your side.

That's quite an interesting way to troll, subby.

spamdog: IndyGemini: Now, Pelosi and her allies are over the moon about the economy sinking, and that's disgusting to me

It's funny how you had to appease his imbecilic ranting because he's on your side.

Be that as it may, the comment is essentially correct - both Republican and Democrat alike bear responsiblity for our current mess. Not that either side is going to admit it. I don't even blame the party leaders for this. Our corrupt congressthings are a direct result of a system that allows for, encourages and rewards self serving politics, greed and corruption. We built a machine that loves to be dirty and now we're surprised that it's run by crooked liars?

winterwhile: We must not explain that Social Security is set to run out of money in just 10 years, and that a tax increase will further doom the country.

Hey, look at it this way -

IF the evil entitlement program that you're talking about had been privatized like George Bush had wanted it to be, we wouldn't be running out of money in "10 years" (Weren't we supposed to run out in 10 years, like 20 years ago?) but we would have ran out two weeks ago when the stock market tanked.

Of course, I know you don't actually care about social security (it's just troll fodder for you), but it is kind of funny that you used that as an example in your whargarbl, since we pretty much dodged the bullet on that issue.

spamdog: IndyGemini: Now, Pelosi and her allies are over the moon about the economy sinking, and that's disgusting to me

It's funny how you had to appease his imbecilic ranting because he's on your side.

I was also going to address Shvetz's 'imbecilic ranting', but I realized that I'm just spitting into the wind. Blaming Phil Gramm, or even deregulation in general, makes little-to-no sense. But at this time of year, partisans are eager to blame the other party for the whole mess. In the immediacy of the situation, few people are willing to acknowledge that markets have booms and busts, and that this crisis shall pass, just like all the others have. I wouldn't even blame greed for the crisis--it seems that humans are hardwired in a way so they're helpless but to make bad decisions if everyone around them is also making a bad decision.

Comrade Twisted is correct. If only the America taxpayer had control over his own retirement investments decision, and not some corrupt Government that has spent every last dime he put in.

Chairman Obama would not like the word to get out that the Social Security fund is spent, all of it, this will be worst than the stock run we just all saw.

Comrade when the poor bloks figure out that they would have had at least one dime, but with SS it is all, and I mean all spent.

IndyGemini: Blaming Phil Gramm, or even deregulation in general, makes little-to-no sense.

Yeah, totally nonsensical *snicker*

Republican consulting firm run by McCain's convention manager was hired to lobby Republicans to kill a measure opposed by all Democrats that was sponsored by a Republican that would have regulated Fannie Mae.

the aristocrats!