Obama: U.S. Faces Another Financal Crisis If Lessons Aren’t Learned

By | April 22, 2010

  • April 22, 2010 at 10:20 am
    fed up says:
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    So what is Obama doing to clean up Freddie Mac and Fannie Mae as well as
    Barney Frank?

  • April 22, 2010 at 11:09 am
    Matt says:
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    Citigroup is attempting to sell $222.4 million of securities backed by newly originated mortgages.

    About 1/4 of the loans did not require 2 years income & asset documentation.

    About 1/4 of the loans were made to self-employed borrowers.

    The loans consist of 5-year fixed followed by ARM as well as 10-year interest-only.

    Almost half are in California.

    Notable quote: “Issuance of home loan bonds without government-backed guarantees peaked at almost $1.2 trillion in both 2005 and 2006 before freezing as the worst US housing slump..sparked record plunges in their prices that weakened investors and curbed lending.”

  • April 22, 2010 at 12:21 pm
    reaper says:
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    So Barry is telling Wall Street that they do not “have a license to take whatever they want.” Hey Barry, why don’t you apply that to yourself!!!!! So, how is that “hope and change” working out for everyone? By the way, where is that birth certificate? Oh yeah, one more thing: when are you returning your 1 million donation from Goldman?

  • April 22, 2010 at 12:41 pm
    Ralph says:
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    Which lessons…the lessons from the current financial crisis or the ones we’re learning as a result of electing this clown?

  • April 22, 2010 at 12:46 pm
    Screaming Mad says:
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    Always remember to flush twice; it’s a long way to Washington D.C.

  • April 22, 2010 at 12:49 pm
    Mongoose says:
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    How about the lesson that Mr. Obama’s income went from 2 mill before his election to over 5 mill this year?

    Does all of the caps and salary for over compensated exec’s apply to him?

    Is he willing to acept responibility for the mess? As a politician it is his and every other politican’s fault for the mortgage meltdown which lead to the total US economy melt down. Let’s put blame where blame belongs. As the President he should step up and admit that every politician now and before him are the creators of this economic failure.

  • April 22, 2010 at 1:37 am
    Dave says:
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    He seems to have forgotten the law that repealed Glass Steagall that allowed this to happren was signed by Clinton

  • April 22, 2010 at 1:51 am
    Bill Ayers says:
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    There is a big shady deal going on against New York. Obama is pushing to move the Dirivatives market to Chicago Only. If this is done. The brokerage’s will move their offices to Chicago. Big payoff to Obama’s friends in Chicago.

    The Obama Administration is the real Culture of Coruption. I just wonder how much Raum Emanuel got paid for this one.

  • April 22, 2010 at 2:00 am
    Rev Jeramiah Wright says:
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    You know there is a Louisiana Purchase or Nebraska Kickback in this deal. This administraction does not really care who knows it either. Like Biden said THIS IS A BIG FU*KING DEAL. LOL>……

    LETS GET RID OF THIS ADMINISATRATION AS SOON AS POSSIBLE.

  • April 23, 2010 at 9:30 am
    William says:
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    OMG, you are an idiot. Grow up. The guy has proven he was born in America. How about you put on your big boy pants and try working towards a solution instead of fantasizing about Sarah Palin standing over a dead wolf shot from a plane???

  • April 23, 2010 at 9:39 am
    Van Jones says:
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    It is hillarious to watch liberals argue.

    It is always the same, an emotional outburst of ridicule, followed by factless illogical rhetoric. So what does Sarah Palin have to do with anything.

    I think you are a Leftwing Radical maybe dangerous to our Nation. LOL… Sounds exactly like what you would call our Tea Party.

  • April 23, 2010 at 9:43 am
    reaper says:
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    Wow, William what a big boy you are! Talk about growing up. By the way, how did Barry prove he was born in the U.S.? Michelle recently went to Kenya to visit his “homeland.” Lastly, socialism is not a solution. Find another country to complain about.

  • April 23, 2010 at 11:16 am
    TX Agentman says:
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    When it comes to the economic meltdown. they are really quick to plan the big banks for giving out all those loans, but they rarely mention all the people that defaulted on their loans. The ones that KNEW they couldnt afford their loans for that 5 bedroom house when there is only 2 people living there, then defaulted on their loan, yet someone its the “evil, greedy banks” that want to take the house back when they can’t pay for it. Now, I know that not everyone that defaulted on their loan falls into that group. There are people that lost their jobs due to no fault of their own (illness, company made bad decisions and closed up, ect) but I want to say that is few and far between.

    So before people put the blame on “big business” how about you point your finger to Joe Defaulter.

  • April 23, 2010 at 12:46 pm
    Wally says:
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    Let me preface this by saying I AM NOT AN OBAMA SUPPORTER. That being said, the whole “missing birth certificate” issue is absolutely ridiculous and makes the rest of us look bad. The man was born in HAWAII, not Kenya. There are newspaper records from the time that show the announcement. Take a look at a map…see how far Kenya is from Hawaii. The fact is, commercial air travel wasn’t as easy as it is today. Logistically, his mom wouldn’t have been able to give birth in Kenya and then end up in Hawaii a day or so later.

    Even IF (and I’m not sure I can emphasize “if” strongly enough) it turns out he was born in Kenya, do you honestly think his presidency would be negated? Ain’t gonna happen. Let’s just VOTE him out of office and drop the whole Birther bit once and for all!



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