Disqus - Latest Comments for ForCain

Re: Stern-2008-10-01cf

ForCain — Sun, 19 Oct 2008 23:52:13 -0000

http://www.snopes.com/polit...

Untruths about Palin. For you Obama-Snopes-Lovin' readers.

Re: Stern-2008-10-01cf

ForCain — Sun, 19 Oct 2008 23:49:30 -0000

Re: Stern-2008-10-01cf

ForCain — Sun, 19 Oct 2008 23:35:45 -0000

Wishie Washie. Spoken like a true democrat.

Re: Stern-2008-10-01cf

ForCain — Sun, 19 Oct 2008 23:29:35 -0000

So much for the great solidarity & integrity between your fellow democrats. For your sake, I hope they don't subscribe to this blog.

Re: Stern-2008-10-01cf

ForCain — Sun, 19 Oct 2008 23:20:27 -0000

Un Bias...
You no longer arguing with me, you arguing with article that was written 9 years ago that had down right predicted the start of the predicament that we facing today. Also keep in mind that this paper supports Obama.

Re: Stern-2008-10-01cf

ForCain — Sun, 19 Oct 2008 23:13:14 -0000

The only ignorance here is the ignorance of the thought that the democrats seem to think that Obama is going to solve all of their problems. His economic plan doesn't not make sense. To tax the rich to feed the poor has been tried and has failed misreably. The amount that is received will not even cover his plans to put the programs into place that he is proposing. Too many bills have been set into place not to take a look at those particular bills and reform them, thus saving the taxpayer more money and at the same time, accomplishing reform. Case in point, we all know amnesty does not work when it comes to immigration. No new laws or bills need to be set in place of for immigration problems, the old laws and bills on the books just need to enforced.

You need big government to tell you what, where, why, who, when, and how you need it, vote for Obama.

As for me, I don't need it, and as far as I'm concerned America doesn't need either.

Re: Stern-2008-10-01cf

ForCain — Sun, 19 Oct 2008 22:55:48 -0000

Right on, Thnking Man.

Re: Stern-2008-10-01cf

ForCain — Tue, 14 Oct 2008 01:00:08 -0000

Chickens coming home to roost!

For those of you who may be confused about what caused the mess....

9 years ago-this one is priceless and worth the read- right out of New York Times

September 30, 1999
Fannie Mae Eases Credit To Aid Mortgage Lending

By STEVEN A. HOLMES
In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.
The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.
Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage l oans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.
In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates -- anywhere from three to four percentage points higher than conventional loans.
''Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements,'' said Franklin D. Raines, Fannie Mae's chairman and chief executive officer. ''Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.''
Demographic inform ation on these borrowers is sketchy. But at least one study indicates that 18 percent of the loans in the subprime market went to black borrowers, compared to 5 per cent of loans in the conventional loan market.
In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's.
''From the perspective of many people, including me, this is another thrift industry growing up around us,'' said Peter Wallison a resident fellow at the American Enterpris e Institute. ''If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.''
Under Fannie Mae's pilot program, consumers who qualify can secure a mortgage with an interest rate one percentage point above that of a conventional, 30-year fixed rate mortgage of less than $240,000 -- a rate that currently averages about 7.76 per cent. If the borrower makes his or her monthly payments on time for two years, the one percentage point premium is dropped.
Fannie Mae, the nation's biggest underwriter of home mortgages, does not lend money directly to consumers. Instead, it purchases loans that banks make on what is called the secondary market. By expan ding the type of loans that it will buy, Fannie Mae is hoping to spur banks to make more loans to people with less-than-stellar credit ratings.

Re: Stern-2008-10-01cf

ForCain — Thu, 09 Oct 2008 17:37:20 -0000

This election has me very worried. So many things to consider. About a year ago I would have voted for Obama. I have changed my mind three times since than. I watch all the news channels, jumping from one to another. I must say this drives my husband crazy. But, I feel if you view MSNBC, CNN, and Fox News, you might get some middle ground to work with. About six months ago, I started thinking 'where did the money come from for Obama'. I have four daughters who went to College, and we were middle class, and money was tight. We (including my girls) worked hard and there were lots of student loans.

I started looking into Obama's life.

Around 1979 Obama started college at Occidental in California He is very open about his two years at Occidental, he tried all kinds of drugs and was wasting his time but, even though he had a brilliant mind, did not apply himself to his studies. 'Barry' (that was the name he used all his life) during this time had two roommates, Muhammad Hasan Chandoo and Wahid Hamid, both from Pakistan . During the summer of 1981, after his second year in college, he made a 'round the world' trip. Stopping to see his mother in Indonesia , next Hyderabad in India , three weeks in Karachi, Pakistan where he stayed with his roommate's family, then off to Africa to visit his father's family. My question - Where did he get the money for this trip? Nether I, nor any one of my children would have had money for a trip like this when they where in college. When he came back he started school at Columbia University in New York . It is at this time he wants everyone to
call him Barack - not Barry. Do you know what the tuition is at Columbia ? It's not cheap! to say the least. Where did he get money for tuition? Student Loans? Maybe. After Columbia , he went to Chicago to work as a Community Organizer for $12,000. a year. Why Chicago ? Why not New York ? He was already living in New York

By 'chance' he met Antoin 'Tony' Rezko, born in Aleppo Syria , and a real estate developer in Chicago . Rezko has been convicted of fraud and bribery this year. Rezko, was named 'Entrepreneur of the Decade' by the Arab-American Business and Professional Association'. About two years later, Obama entered Harvard Law School . Do you have any idea what tuition is for Harvard Law School ? Where did he get the money for Law School ? More student loans? After Law school, he went back to Chicago . Rezko offered him a job, which he turned down. But, he did take a job with Davis, Miner, Barnhill & Galland. Guess what? They represented 'Rezar' which Rezko's firm. Rezko was one of Obama's first major financial contributors when he ran for office in Chicago . In 2003, Rezko threw an early fundraiser for Obama which Chicago Tribune reporter David Mendelland claims was instrumental in providing Obama with 'seed money' for his U.S. Senate race. In 2005,
Obama purchased a new home in Kenwoood District of Chicago for $1.65 million (less than asking price). With ALL those Student Loans - Where did he get the money for the property? On the same day Rezko's wife, Rita, purchased the adjoining empty lot for full price. The London Times reported that Nadhmi Auchi, an Iraqi-born Billionaire loaned Rezko $3.5 million three weeks before Obama's new home was purchased. Obama met Nadhmi Auchi many times with Rezko.

Now, we have Obama running for President. Valerie Jarrett, was Michele Obama's boss. She is now Obama's chief advisor and he does not make any major decisions without talking to her first. Where was Jarrett born? Ready for this? Shiraz , Iran ! Do we see a pattern here? Or am I going crazy?

On May 10, 2008 The Times reported, Robert Malley advisor to Obama was 'sacked' after the press found out he was having regular contacts with 'Hamas', which controls Gaza and is connected with Iran . This past week, buried in the back part of the papers, Iraqi newspapers reported that during Obama's visit to Iraq, he asked their leaders to do nothing about the war until after he is elected, and he will 'Take care of things'.

Oh, and by the way, remember the college roommates that where born in Pakistan ? They are in charge of all those 'small' Internet campaign contribution for Obama. Where is that money coming from? The poor and middle class in this country? Or could it be from the Middle East ?

And the final bit of news. On September 7, 2008, The Washington Times posted a verbal slip that was made on 'This Week' with George Stephanapoulos. Obama on talking about his religion said, 'My Muslim faith'. When questioned, 'he make a mistake'. Some mistake!

All of the above information I got on line. If you would like to check it - Wikipedia, encyclopedia, Barack Obama; Tony Rezko; Valerie Jarrett: Daily Times - Obama visited Pakistan in 1981; The Washington Times - September 7, 2008; The Times May 10, 2008.

Now the BIG question - If I found out all this information on my own, Why haven't all of our 'intelligent' members of the press been reporting this?