Do you think you would benefit from taking the wealth of the Billionaires?

[Blues Man]

If it walks like a duck......

No established above board charity sees its revenue drop by 60% on the results of one election

except for every charity run by the politician who loses, brainwashed functional moron. Actually they lose more. and the charity run by Trump was a total rip-off scam fraud LOL. Wake up and smell the coffee idiot whoops brainwashed functional idiot....

IDGAF about Trump's charity

Why don't you find me a list of well respected charities that have seen their revenue drop by 60% immediately after a single presidential election and then get back to me

and you call me an idiot yet you can't understand when I told you I didn't vote for Trump last time and I won't vote for him this time.

Really people like you who vote for anyone as long as their a democrat are the retarded brainwashed morons

I will let law enforcement take care of that instead of ridiculous pundits. I vote for the issues Americans are really stupid about that. They vote for the people they want to have a beer with and don't even know that we are the only modern country that doesn't have a living wage health Care daycare paid parental leave cheap college and training great infrastructure and vacations. No sacrifice is too great to save the greedy idiot GOP Rich from paying their fair share along with giant corporations and lying scumbags who run the GOP. And I did not call you an idiot I called you a brainwashed functional idiot. About 70% of the populace...all of our cable news networks are a disgrace really they don't have any foreign reporters or offices and just sit around debating GOP garbage mainly. But at least CNN and MSNBC don't lie lie lie innuendo innuendo innuendo and never retract.the more you listen to Fox and Rush etc etc the more you become a brainwashed functional idiot. Perfect dupes of the greedy idiot GOP rich.

Yup you're a typical kool aid drinking democrat who thinks he knows what's best for everyone else

I admire and respect your brainwashed "opinion" LOL... Anybody doesn't think his fellow citizens deserve healthcare living wage etc etc cheap college and training so opportunity is improved and great infrastructure and vacations is a brainwashed functional GOP moron. No sacrifice is too great for your scumbag mega Rich idiot GOP heroes....

I don't think anyone deserves to steal the fruits of another man's labor.

I have no obligation to subsidize college for anyone. If you want to go then you pay for it.

And there you go again calling me a republican.

You have such little brain capacity that you have to pigeonhole everything into 2 little boxes so you can understand it.

Let me tell you a little about myself

I have no problem with abortion, gay marriage, the legalization of pot, or anything else a person does in his private life

I was against the invasion of Iraq and Afghanistan

What I am for is people like you leaving me the fuck alone so I can live my life without you assholes always trying to tell me I have to pay for your shit

 

[francoHFW]

except for every charity run by the politician who loses, brainwashed functional moron. Actually they lose more. and the charity run by Trump was a total rip-off scam fraud LOL. Wake up and smell the coffee idiot whoops brainwashed functional idiot....

IDGAF about Trump's charity

Why don't you find me a list of well respected charities that have seen their revenue drop by 60% immediately after a single presidential election and then get back to me

and you call me an idiot yet you can't understand when I told you I didn't vote for Trump last time and I won't vote for him this time.

Really people like you who vote for anyone as long as their a democrat are the retarded brainwashed morons

I will let law enforcement take care of that instead of ridiculous pundits. I vote for the issues Americans are really stupid about that. They vote for the people they want to have a beer with and don't even know that we are the only modern country that doesn't have a living wage health Care daycare paid parental leave cheap college and training great infrastructure and vacations. No sacrifice is too great to save the greedy idiot GOP Rich from paying their fair share along with giant corporations and lying scumbags who run the GOP. And I did not call you an idiot I called you a brainwashed functional idiot. About 70% of the populace...all of our cable news networks are a disgrace really they don't have any foreign reporters or offices and just sit around debating GOP garbage mainly. But at least CNN and MSNBC don't lie lie lie innuendo innuendo innuendo and never retract.the more you listen to Fox and Rush etc etc the more you become a brainwashed functional idiot. Perfect dupes of the greedy idiot GOP rich.

Yup you're a typical kool aid drinking democrat who thinks he knows what's best for everyone else

I admire and respect your brainwashed "opinion" LOL... Anybody doesn't think his fellow citizens deserve healthcare in the living wage etc etc cheap college in training so the opportunity he is improved and great infrastructure and vacations is a brainwashed functional GOP moron. No sacrifice is too great for your scumbag mega Rich idiot GOP heroes....

It's one thing to think your fellow citizens deserve "healthcare in the living wage, etc, etc....". It's another entirely to be so goddamned stupid that you think that can be accomplished by government taking over healthcare, wages, etc, etc...

Intelligent regulation is not communist taking over and controlling people, unbelievable chump of the greedy idiot rich. Only the brainwash make such idiocy possible. If the government says the minimum wage is now $15 how is that taking over? The problem is keeping it at $7 is absolute insanity and totally unfair. And your stance, brain functional moron. Change the channel and read some for crying out loud. I actually listen to both sides. That's how I know you're totally full of crap LOL. I also speak French and Spanish and have lived there I know what the rest of the world thinks, not your putrid little propaganda world. My junior year abroad in France in 1971 they had a socialist party and a Communist party and the difference was exactly what I keep telling you. And they had those two parties 4 at least 30 years then. We in the English-speaking world have the worst Savage capitalist in the world confusing and fear-mongering us. England only has those things because after world war II they had a socialist experience. We gave those things only to returning gi's and had a golden age. Now we're in the crap again thanks to the GOP. Worst inequality and upward mobility in the modern world. Great job. But you are so happy about our booming economy which is no better than Obama's was lol aaarrrggghhh

 

[Markle]

The real estate bubble was caused by pathetic GOP crony oversight of their pals in the private mortgage industry. Fannie and Freddy's share of the market went from 75% to 30% in 2003.

HUD TO FIGHT DISCRIMINATION, BOOST MINORITY HOMEOWNERSHIP AND WORK WITH URBAN LEAGUE TO FURTHER GOALS
HUD Archives: Cuomo agrees w/Nat'l Urban League -- to Fight Housing Discrimination

New York Times - 1999
Fannie Mae Eases Credit To Aid Mortgage Lending -
Fannie Mae Eases Credit To Aid Mortgage Lending

August 5, 1997
President Bush’s and the Administrations Unheeded Warnings About the Systemic Risk Posed by the GSEs – Fannie and Freddie dating back to 2001
Just the Facts: The Administration’s Unheeded Warnings About the Systemic Risk Posed by the GSEs

By Elliot Blair Smith,
USA TODAY
Fannie Mae to pay $400 million fine
Bloomberg Politics - Bloomberg

Franklin Raines was Director of the Office of Management and Budget under Clinton and returned to Fannie Mae as its CEO in 1999. Raines is not a “chief” economic adviser for President Barack Hussein Obama but has advised the administration on mortgage and housing matters. Obama had hired another former Fannie CEO, Jim Johnson as a member of Obama’s V.P. search committee and who was forced to quit under fire.

Bloomberg News -
How the Democrats Created the Financial Crisis -
Bloomberg - Are you a robot?

Democrats in their own words covering up the Fannie Mae, Freddie Mac



Timeline shows Bush, McCain warning Democrats of Financial Crisis



From the New York Times
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
By STEPHEN LABATON
Published: September 11, 2003 WASHINGTON,

Sept. 10— The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.

Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.

The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.

The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.

Read more: New Agency Proposed to Oversee Freddie Mac and Fannie Mae


[…]


From USNews and World Report
Barney Frank's Fannie and Freddie Muddle
By Sam Dealey
September 10, 2008
[…]

So five years ago, there was one of those rare moments in Washington when the branches and personalities of government—in this case, the Bush administration—are less interested in protecting or expanding their turf than in fixing a looming catastrophe. What was Frank's response to the proposal?

''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
[…]
http://www.usnews.com/opinion/blogs/sam-dealey/2008/09/10/barney-franks-fannie-and-freddie-muddle

Wall Street Journal Barney’s Rubble – September 17, 2008
Barney's Rubble

Barney Frank in 2005: What Housing Bubble?
http://www.youtube.com/watch?v=iW5qKfqALE

Democrats Were Wrong on Fannie Mae and Freddie Mac
The White House called for tighter regulation 17 times.
https://www.usnews.com/opinion/blog...rats-were-wrong-on-fannie-mae-and-freddie-mac

Steve Kroft On Credit Default Swaps And Their Central Role In The Unfolding Economic Crisis -
The Bet That Blew Up Wall Street

All this, in addition to the repeal of the Glass-Steagall Act by President William Jefferson Clinton caused the meltdown.

It COULD have been stopped or greatly reduced. Democrats fought that every step of the way and the Republicans wilted under the barrage of being called racist and worse.

###

 

[francoHFW]

Lotta different levels of suck though....

not in my book

Every single president since the 1930's has increased the debt we can't even get anyone smart enough to submit a fucking balanced budget

But Clinton was way better than W.

still couldn't balance a budget even with the Dot com bubble

We had a surplus. Sure beats trump going in the wrong direction.

And he still increased the debt over 30%

Thanks to GOP give away to the rich screw everybody else tax rates and policies.

 

[DrLove]

ALL the wealth? Of course not. Most would simply like them to pay their fair share.

Billionaire tax? HELL yes

 

[francoHFW]

The real estate bubble was caused by pathetic GOP crony oversight of their pals in the private mortgage industry. Fannie and Freddy's share of the market went from 75% to 30% in 2003.

HUD TO FIGHT DISCRIMINATION, BOOST MINORITY HOMEOWNERSHIP AND WORK WITH URBAN LEAGUE TO FURTHER GOALS
HUD Archives: Cuomo agrees w/Nat'l Urban League -- to Fight Housing Discrimination

New York Times - 1999
Fannie Mae Eases Credit To Aid Mortgage Lending -
Fannie Mae Eases Credit To Aid Mortgage Lending

August 5, 1997
President Bush’s and the Administrations Unheeded Warnings About the Systemic Risk Posed by the GSEs – Fannie and Freddie dating back to 2001
Just the Facts: The Administration’s Unheeded Warnings About the Systemic Risk Posed by the GSEs

By Elliot Blair Smith,
USA TODAY
Fannie Mae to pay $400 million fine
Bloomberg Politics - Bloomberg

Franklin Raines was Director of the Office of Management and Budget under Clinton and returned to Fannie Mae as its CEO in 1999. Raines is not a “chief” economic adviser for President Barack Hussein Obama but has advised the administration on mortgage and housing matters. Obama had hired another former Fannie CEO, Jim Johnson as a member of Obama’s V.P. search committee and who was forced to quit under fire.

Bloomberg News -
How the Democrats Created the Financial Crisis -
Bloomberg - Are you a robot?

Democrats in their own words covering up the Fannie Mae, Freddie Mac



Timeline shows Bush, McCain warning Democrats of Financial Crisis



From the New York Times
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
By STEPHEN LABATON
Published: September 11, 2003 WASHINGTON,

Sept. 10— The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.

Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.

The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.

The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.

Read more: New Agency Proposed to Oversee Freddie Mac and Fannie Mae


[…]


From USNews and World Report
Barney Frank's Fannie and Freddie Muddle
By Sam Dealey
September 10, 2008
[…]

So five years ago, there was one of those rare moments in Washington when the branches and personalities of government—in this case, the Bush administration—are less interested in protecting or expanding their turf than in fixing a looming catastrophe. What was Frank's response to the proposal?

''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
[…]
http://www.usnews.com/opinion/blogs/sam-dealey/2008/09/10/barney-franks-fannie-and-freddie-muddle

Wall Street Journal Barney’s Rubble – September 17, 2008
Barney's Rubble

Barney Frank in 2005: What Housing Bubble?
http://www.youtube.com/watch?v=iW5qKfqALE

Democrats Were Wrong on Fannie Mae and Freddie Mac
The White House called for tighter regulation 17 times.
https://www.usnews.com/opinion/blog...rats-were-wrong-on-fannie-mae-and-freddie-mac

Steve Kroft On Credit Default Swaps And Their Central Role In The Unfolding Economic Crisis -
The Bet That Blew Up Wall Street

All this, in addition to the repeal of the Glass-Steagall Act by President William Jefferson Clinton caused the meltdown.

It COULD have been stopped or greatly reduced. Democrats fought that every step of the way and the Republicans wilted under the barrage of being called racist and worse.

###

Republicans have been trying to get rid of Fannie and Freddie forever. Fannie and Freddie share of the mortgage market went from 75% to 30% in 2003 and then we had the Private financial institution incredibly corrupt bubble and bust thanks to the usual crony GOP regulators and oversight. Everything you know is garbage.

 

[Blues Man]

not in my book

Every single president since the 1930's has increased the debt we can't even get anyone smart enough to submit a fucking balanced budget

But Clinton was way better than W.

still couldn't balance a budget even with the Dot com bubble

We had a surplus. Sure beats trump going in the wrong direction.

And he still increased the debt over 30%

Thanks to GOP give away to the rich screw everybody else tax rates and policies.

Be careful what you wish for when you want to reinstate the tax brackets of the 1950s where the lowest bracket was 20% and people making 32K a year were in the 50% bracket

 

[Blues Man]

ALL the wealth? Of course not. Most would simply like them to pay their fair share.

Billionaire tax? HELL yes

Define fair share.

The top 10% of earners pay 70% of all the income tax collected

 

[francoHFW]

except for every charity run by the politician who loses, brainwashed functional moron. Actually they lose more. and the charity run by Trump was a total rip-off scam fraud LOL. Wake up and smell the coffee idiot whoops brainwashed functional idiot....

IDGAF about Trump's charity

Why don't you find me a list of well respected charities that have seen their revenue drop by 60% immediately after a single presidential election and then get back to me

and you call me an idiot yet you can't understand when I told you I didn't vote for Trump last time and I won't vote for him this time.

Really people like you who vote for anyone as long as their a democrat are the retarded brainwashed morons

I will let law enforcement take care of that instead of ridiculous pundits. I vote for the issues Americans are really stupid about that. They vote for the people they want to have a beer with and don't even know that we are the only modern country that doesn't have a living wage health Care daycare paid parental leave cheap college and training great infrastructure and vacations. No sacrifice is too great to save the greedy idiot GOP Rich from paying their fair share along with giant corporations and lying scumbags who run the GOP. And I did not call you an idiot I called you a brainwashed functional idiot. About 70% of the populace...all of our cable news networks are a disgrace really they don't have any foreign reporters or offices and just sit around debating GOP garbage mainly. But at least CNN and MSNBC don't lie lie lie innuendo innuendo innuendo and never retract.the more you listen to Fox and Rush etc etc the more you become a brainwashed functional idiot. Perfect dupes of the greedy idiot GOP rich.

Yup you're a typical kool aid drinking democrat who thinks he knows what's best for everyone else

I admire and respect your brainwashed "opinion" LOL... Anybody doesn't think his fellow citizens deserve healthcare living wage etc etc cheap college and training so opportunity is improved and great infrastructure and vacations is a brainwashed functional GOP moron. No sacrifice is too great for your scumbag mega Rich idiot GOP heroes....

I don't think anyone deserves to steal the fruits of another man's labor.

I have no obligation to subsidize college for anyone. If you want to go then you pay for it.

And there you go again calling me a republican.

You have such little brain capacity that you have to pigeonhole everything into 2 little boxes so you can understand it.

Let me tell you a little about myself

I have no problem with abortion, gay marriage, the legalization of pot, or anything else a person does in his private life

I was against the invasion of Iraq and Afghanistan

What I am for is people like you leaving me the fuck alone so I can live my life without you assholes always trying to tell me I have to pay for your shit

you are already paying too much in taxes, we are talkin about taxing the rich their fair share, dumbass dupe. People who you know should be paying less in taxes and get all those things.

 

[francoHFW]

ALL the wealth? Of course not. Most would simply like them to pay their fair share.

Billionaire tax? HELL yes

Define fair share.

The top 10% of earners pay 70% of all the income tax collected

Yes yes they also earn 70% of all the income LOL and they get basically all the new wealth.of course the federal income tax is basically the only progressive tax we have. If you count all taxes we have a flat tax system with the total screwjob for the Non rich. Thanks for the brainwash but no thanks. Everything you know is wrong brainwashed functional moron.Google the only tax graph you need to know to find out how misinformed and dumbass you actually are.

 

[francoHFW]

Since you put it that way, sure.
Look at the super-billionaire list:

• Jeff Bezos: $114 billion.
• Bill Gates: $106 billion.
• Warren Buffett: $80.8 billion.
• Mark Zuckerberg: $69.6 billion.
• Larry Ellison: $65 billion.
• Larry Page: $55.5 billion.
• Sergey Brin: $53.5 billion.
• Michael Bloomberg: $53.4 billion.
• The Forbes 400 2019

Assuming those figures are correct, it totals about 597 billion +. According to the left, they want: The Green New Deal, Medicare for all (including anyone flowing into the country, illegally or otherwise), college tuition paid for all, Social Security for all and we mustn't forget the National Debt. The last I heard, the estimate for all this "supposedly free stuff," not counting the growing National Debt, would cost about 322 trillion (that's with a "T" not a "B"). There isn't enough money in the entire continent, even if you took every dime from the rich and heavily taxed the middle-income and poor alike, to cover the costs.

Hey, Plutes, Kiss My Glutes


Because the guillotine-fodder drum their selfish views into you all day, every day, I must repeat that it is illogical, dishonest, and slavish to preach that if the money is taxed, the government will waste it on useless and dangerous enemies of society. In a free country, we would be able to force the government to never waste tax money on inferior people again.

Always good to get the racist bigot brainwashed functional moron unscientific ridiculous opinion LOL

 

[francoHFW]

How the trump foundation doing?

Is there one?

The fact is the Clintons so called charity went bust after Hillary lost the election

Why do you think that is?

The Clinton foundation is still getting 40%of the contributions they did before the election which is pretty damn good and they are still highly rated. Meanwhile the Trump foundation was a total scam and joke like everything Trump does. Total fraud and scoundrel dumbass dupes... It only smellz because your heroes pack garbage up your nose stupid oops brainwashed functionally stupid.....

IDGAF about Trump

I didn't vote for him last time and I won't this time

The Clintons are as sleazy as they come you're just too brainwashed to see it

I will go with our law enforcement thanks. They would have to be crazy to try any of the stuff people believe from the sleazebag GOP propaganda machine....and no it is not a conspiracy of all the law enforcement and intelligent people in the world against the poor GOP swine liars and dupes....

People in power never get investigated to the extent the rest of the peasants do

The people who own the politicians make sure of it

Bologna, our law enforcement is always investigating every time there is evidence of corruption. Clintons have been investigated a million times and they found a b******and a mountain of garbage GOP propaganda super duper. Trump and Trump's campaign not so much. It's a good thing he never writes down anything, the mobbed-up piece of crap.

 

[DrLove]

ALL the wealth? Of course not. Most would simply like them to pay their fair share.

Billionaire tax? HELL yes

Define fair share.

The top 10% of earners pay 70% of all the income tax collected

Define fair share? More than Trump pays (aka NOTHING)

Eliminate loopholes for those who can afford to pay millions to their armies of CPA's and attorneys!

 

[francoHFW]

nothing is going to change until we start taxing the rich and giant corporations their fair share, which the GOP blocks every time. And then increases spending unbelievable. we should also decrease defense spending 10% it would pay for everything we're talkin about and that socialists want and the scumbag bought off GOP blocks every time. Sanders has defended the Soviet Union only because they had healthcare daycare paid parental leave cheap college and training.

Defending Communism is a sure sign of senility

there were some good things about communism, and before you go absolutely insane just the things I just mentioned. they are also the good things about socialism as well as everything else about socialism if you know what the f*** you're talking about. "We are all socialists now!"--president of Finland when ObamaCare passed. Of course he did not know the power of sabotage and obstruction and brainwash of the garbage scumbag giveaway to the rich screw everybody else GOP since Reagan.

There is nothing good about communism

More people were killed by communism than by any other form of government.

There is no good that can come out of giving government that kind of control over the people

Nobody is speaking in favor of dictatorship except you right-wing assholes, oops brainwashed right-wing assholes who love Putin and Kim jeong Hoon and dictators like Pinochet and the shah of Iran and all the banana republic dictators the GOP has supported forever. The GOP has been a disaster since Roosevelt TR. And more. Greedy idiot imperialist covert action scumbags. And their Pavlov dog dupes like you...

Once again I am not a republican nor am I right wing

So you once again demonstrate your inability to understand anything outside of what you have been spoon fed

If you do not vote Democratic you are a brainwashed functional moron GOP asset no matter what you call yourself. And whatever you call yourself you are a victim of GOP propaganda. Libertarians classical liberals whatever all the same crap.

 

[francoHFW]

The real estate bubble was caused by pathetic GOP crony oversight of their pals in the private mortgage industry. Fannie and Freddy's share of the market went from 75% to 30% in 2003.

HUD TO FIGHT DISCRIMINATION, BOOST MINORITY HOMEOWNERSHIP AND WORK WITH URBAN LEAGUE TO FURTHER GOALS
HUD Archives: Cuomo agrees w/Nat'l Urban League -- to Fight Housing Discrimination

New York Times - 1999
Fannie Mae Eases Credit To Aid Mortgage Lending -
Fannie Mae Eases Credit To Aid Mortgage Lending

August 5, 1997
President Bush’s and the Administrations Unheeded Warnings About the Systemic Risk Posed by the GSEs – Fannie and Freddie dating back to 2001
Just the Facts: The Administration’s Unheeded Warnings About the Systemic Risk Posed by the GSEs

By Elliot Blair Smith,
USA TODAY
Fannie Mae to pay $400 million fine
Bloomberg Politics - Bloomberg

Franklin Raines was Director of the Office of Management and Budget under Clinton and returned to Fannie Mae as its CEO in 1999. Raines is not a “chief” economic adviser for President Barack Hussein Obama but has advised the administration on mortgage and housing matters. Obama had hired another former Fannie CEO, Jim Johnson as a member of Obama’s V.P. search committee and who was forced to quit under fire.

Bloomberg News -
How the Democrats Created the Financial Crisis -
Bloomberg - Are you a robot?

Democrats in their own words covering up the Fannie Mae, Freddie Mac



Timeline shows Bush, McCain warning Democrats of Financial Crisis



From the New York Times
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
By STEPHEN LABATON
Published: September 11, 2003 WASHINGTON,

Sept. 10— The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.

Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.

The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.

The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.

Read more: New Agency Proposed to Oversee Freddie Mac and Fannie Mae


[…]


From USNews and World Report
Barney Frank's Fannie and Freddie Muddle
By Sam Dealey
September 10, 2008
[…]

So five years ago, there was one of those rare moments in Washington when the branches and personalities of government—in this case, the Bush administration—are less interested in protecting or expanding their turf than in fixing a looming catastrophe. What was Frank's response to the proposal?

''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
[…]
http://www.usnews.com/opinion/blogs/sam-dealey/2008/09/10/barney-franks-fannie-and-freddie-muddle

Wall Street Journal Barney’s Rubble – September 17, 2008
Barney's Rubble

Barney Frank in 2005: What Housing Bubble?
http://www.youtube.com/watch?v=iW5qKfqALE

Democrats Were Wrong on Fannie Mae and Freddie Mac
The White House called for tighter regulation 17 times.
https://www.usnews.com/opinion/blog...rats-were-wrong-on-fannie-mae-and-freddie-mac

Steve Kroft On Credit Default Swaps And Their Central Role In The Unfolding Economic Crisis -
The Bet That Blew Up Wall Street

All this, in addition to the repeal of the Glass-Steagall Act by President William Jefferson Clinton caused the meltdown.

It COULD have been stopped or greatly reduced. Democrats fought that every step of the way and the Republicans wilted under the barrage of being called racist and worse.

###

Ain't it great the way your propaganda machine provide you with all this spam garbage propaganda?

 

[dblack]

IDGAF about Trump's charity

Why don't you find me a list of well respected charities that have seen their revenue drop by 60% immediately after a single presidential election and then get back to me

and you call me an idiot yet you can't understand when I told you I didn't vote for Trump last time and I won't vote for him this time.

Really people like you who vote for anyone as long as their a democrat are the retarded brainwashed morons

I will let law enforcement take care of that instead of ridiculous pundits. I vote for the issues Americans are really stupid about that. They vote for the people they want to have a beer with and don't even know that we are the only modern country that doesn't have a living wage health Care daycare paid parental leave cheap college and training great infrastructure and vacations. No sacrifice is too great to save the greedy idiot GOP Rich from paying their fair share along with giant corporations and lying scumbags who run the GOP. And I did not call you an idiot I called you a brainwashed functional idiot. About 70% of the populace...all of our cable news networks are a disgrace really they don't have any foreign reporters or offices and just sit around debating GOP garbage mainly. But at least CNN and MSNBC don't lie lie lie innuendo innuendo innuendo and never retract.the more you listen to Fox and Rush etc etc the more you become a brainwashed functional idiot. Perfect dupes of the greedy idiot GOP rich.

Yup you're a typical kool aid drinking democrat who thinks he knows what's best for everyone else

I admire and respect your brainwashed "opinion" LOL... Anybody doesn't think his fellow citizens deserve healthcare in the living wage etc etc cheap college in training so the opportunity he is improved and great infrastructure and vacations is a brainwashed functional GOP moron. No sacrifice is too great for your scumbag mega Rich idiot GOP heroes....

It's one thing to think your fellow citizens deserve "healthcare in the living wage, etc, etc....". It's another entirely to be so goddamned stupid that you think that can be accomplished by government taking over healthcare, wages, etc, etc...

Intelligent regulation is not communist taking over and controlling people, unbelievable chump of the greedy idiot rich. Only the brainwash make such idiocy possible. If the government says the minimum wage is now $15 how is that taking over? The problem is keeping it at $7 is absolute insanity and totally unfair. And your stance, brain functional moron. Change the channel and read some for crying out loud. I actually listen to both sides. That's how I know you're totally full of crap LOL. I also speak French and Spanish and have lived there I know what the rest of the world thinks, not your putrid little propaganda world. My junior year abroad in France in 1971 they had a socialist party and a Communist party and the difference was exactly what I keep telling you. And they had those two parties 4 at least 30 years then. We in the English-speaking world have the worst Savage capitalist in the world confusing and fear-mongering us. England only has those things because after world war II they had a socialist experience. We gave those things only to returning gi's and had a golden age. Now we're in the crap again thanks to the GOP. Worst inequality and upward mobility in the modern world. Great job. But you are so happy about our booming economy which is no better than Obama's was lol aaarrrggghhh

As always you deliberately missed the point. It's possible to care about such things without injecting government into it. But "injecting government" seems to be your main thing, so rave on!

 

[Andylusion]

yes as long as i get a nice hunk of change....

How would you get a nice hunk of change? And wouldn't everyone else in the country, also want a hunk of change?

 

[Andylusion]

I voted "other". It would all depend on how the revenue was used.

I would guess that all the revenue would be used, the same way all other revenue is used. It would be given to government of course, and paid out just like Social Security and Medicare are paid out.

Of course the lobbyists would have their cut, just like all other government spending has earmarks and such. It would be foolish to think the government would be able to pass legislation, and not have influences by special interest groups.

But the rest would be spent, in the same ways that all other money is spent. Doled out to government projects, just like all other money.

 

[Andylusion]

Since you put it that way, sure.
Look at the super-billionaire list:

• Jeff Bezos: $114 billion.
• Bill Gates: $106 billion.
• Warren Buffett: $80.8 billion.
• Mark Zuckerberg: $69.6 billion.
• Larry Ellison: $65 billion.
• Larry Page: $55.5 billion.
• Sergey Brin: $53.5 billion.
• Michael Bloomberg: $53.4 billion.
• The Forbes 400 2019

You know you're rich when you have more money than Charles Koch.

btw don't forget the Walton's

• Jim Walton
  
  $53.4 billion
• Alice Walton
  
  $53.1 billion
• S. Rob Walton
  
  $53 billion
• Lukas Walton
  
  $18.5 billion
• Christy Walton
  
  $8.8 billion
• Ann Walton Kroenke
  
  $7.7 billion
• Nancy Walton Laurie
  
  $6.9 billion

So lets do some quick math.

All of those you listed combined, is barely $793 Billion.

So now, we've wiped out all those people, and their companies. Because most of them won't run a company, when they no longer have any stake in the company. They also are not likely to stay in the US. If the US government wiped out all my wealth.... I can promise you, I'd be moving to Canada, or somewhere else, by next month.

So all those companies will likely move outside the US, and that means your tax revenue from them will drop.

But back to the point....

So you have a whooping $793 Billion.

The national debt is $23.2 Trillion dollars.
The national budget is over $4 Trillion.

Again you do not even have $800 billion to spend. It's a drop in the bucket, and once spent, it's gone.

And again, after you spend it, the deficits will end up being worse than they are now, because I guarantee that if you do this, all those people, and many more like them, will pack up and leave the US. Name one rich person in this country, that would stay in this country, after seeing you just confiscate everything all those people earned?

They wouldn't. So tax revenue is going to drop. No question about it.

By the way, if you doubt that, look at all the companies that fled Venezuela when Chavez started confiscating their stuff. Again, short term gain, long term pain. Confiscating the wealth of the rich people, didn't make the poor people better off.

 

[the other mike]

So lets do some quick math.

All of those you listed combined, is barely $793 Billion.

So now, we've wiped out all those people, and their companies. Because most of them won't run a company, when they no longer have any stake in the company. They also are not likely to stay in the US. If the US government wiped out all my wealth.... I can promise you, I'd be moving to Canada, or somewhere else, by next month.

So all those companies will likely move outside the US, and that means your tax revenue from them will drop.

But back to the point....

So you have a whooping $793 Billion.

The national debt is $23.2 Trillion dollars.
The national budget is over $4 Trillion.

Again you do not even have $800 billion to spend. It's a drop in the bucket, and once spent, it's gone.

And again, after you spend it, the deficits will end up being worse than they are now, because I guarantee that if you do this, all those people, and many more like them, will pack up and leave the US. Name one rich person in this country, that would stay in this country, after seeing you just confiscate everything all those people earned?

They wouldn't. So tax revenue is going to drop. No question about it.

By the way, if you doubt that, look at all the companies that fled Venezuela when Chavez started confiscating their stuff. Again, short term gain, long term pain. Confiscating the wealth of the rich people, didn't make the poor people better off.

I'm not disagreeing with you, but you think you'll be taxed less in Canada ?

This was my reply on page 2;

The $20 trillion roughly, that's been siphoned from us over the past 40 years is gone.
We will never get it back no matter how much we tax the rich..

And as for the ever-growing $23 trillion national debt, most likely we'll lose our sovereignty to China, Saudi Arabia ....we basically already lost it to the Federal Reserve anyway. You look at the CFR and globalists controlling our foreign policy ( until now perhaps), and see how it's all tied together with DC ,. Israel, and Saudi Arabia and the MSM & intel agencies.

There's a reason Mnuchin and other 'appointees' are steadily breathing down Trump's neck. Bolton nearly had us at war in Venezuela, for godz sake.....Thank God Trump got rid of hios sorry ass. However Mnuchin ain't going nowhere....mark my words.