OH, WHAT A WEB WE WEAVE WHEN FIRST WE PRACTICE TO DECEIVE BLOG 167

Hi,

If you missed my last post, I mentioned that mortgages for home buyers were NOW being done the same way by Fannie Mae and Freddie Mac that caused the housing bubble that burst all over America and rendered the housing market a BIG FORECLOSURE (THE BIG F) and precipitated a severe depression not yet over.

He said this week that Fannie Mae and Freddie Mac (THE TWO F'S) should roll over and play dead (my words not his) and that "For too long,  these companies were allowed to make big profits buying mortgages, knowing that if their bets went bad, taxpayers would be left holding the bag." (his words in an AP release by Julie Pace) and " the taxpayers should never again be left holding the bag." You think ???????????????.

 Yes, I guess if you want to "calm the savage beast", the best way to do it is to agree. Lovely words but remember Obama care is about to emerge from the morass of political expediency and citizens will have to pay those bills. Can't run two scams at one time and expect to have the TAXPAYERS HOLD OUT TWO BAGS OF CASH.  VERY GOOD THINKING  ??????????????? IF YOU WANT MORE big  F'S (FORECLOSURES)

CONSIDER THAT OBAMA Administration's OBAMA CARE will make FANNY MAE AND FREDDIE MAC look like  amateurs.  THE TWO F's and OBAMA CARE belong to--THE SOCIALIST AGENDA  (THE F'S begun before Clinton however WERE RELEASED INTO ACTION AS Clinton's contribution to the cause)  a very OBVIOUS OMISSION OF FACT BY OUR LEADER. THE HOLDING BAGS HAVE TO BE EMPTY SO AS TO REFILL THEM !!!!!!!!!!!!

THIS BLOGGER DOESN'T WANT TO  NAG !!!!!!!!!! WHATEVER HE HAS TO SAY TO GET THE GOVERNMENT OUT OF OUR WALLETS IS FINE !!!!!!!!!!!!! BUT IS HE?????   HE SAYS: ACCORDING TO PACE: HE WANTS TO REPLACE FANNIE AND FREDDIE WITH A SYSTEM THAT WOULD PUT THE PRIVATE SECTOR, NOT THE GOVERNMENT, PRIMARILY AT RISK FOR LOANS (.......THAT'S THE WAY It WAS WHEN BANKERS WERE IN CHARGE INSTEAD OF THE GIMME GOVS)  SO THAT SOUNDS FINE....FINE....FINE !!!!!!!!!!!!

BUT........BUT.........BUT..... OBAMA WANTS THE GOVERNMENT INVOLVED IN 'OVERSIGHT'  AND AS A LAST-RESORT LOAN GUARANTOR.

DOES MY MEMORY SERVES ME WELL THAT WAS HOW THE DAMN "F'S" GOT IN SO DEEP ?????????????????? THEY WERE SUPPOSED TO CONDUCT...OVERSIGHT.... (THAT MEANS BABY SITTING A FIELD TO STOP SKULDUGGERY !!!!!!!!!!)WHEN CLINTON HELPED THEM JUMP INTO "BLIND SIGHTED" MORTGAGES ???????????? AS MANY AS THREE OR MORE MORTGAGES ON A HOUSE WITH SCHEDULED ADVANCES IN THE INTEREST RATES ?????????????? THAT FOLKS COULD NEVER HAVE PAID FOR !!!!!!!

SO, MR. OBAMA, TAKE THAT OVERSIGHT THINGY AND GRIND IT UNDER YOUR HEEL !!!!!!!!!!!!!!! IT'S A REAL LOSER UNLESS YOU TIE THE KNOTS SO TIGHT (AND WASHINGTON IS INTO LOOSE KNOTS) THAT IT CAN'T BE TURNED INTO ANOTHER BITE IN THE TAXPAYER'S BUM !!!!!!!!!!!!!!!!

"ACCESS TO POPULAR 30-YEAR MORTGAGES AT FIXED RATES" IS CERTAINLY A WINNING PAST IDEA IF IT ISN'T SCREWED UP IN SOME WAY. HOW LIKELY IS THAT CONSIDERING THE EVIDENCE ????????

SINCE THERE IS A SENATE MEASURE ON THE HILL COMING FROM  DEMOCRATS CORKER AND WARNER THAT WOULD  CLOSE THE TWO F'S ACTION WITHIN FIVE YEARS (SO LONG ?????????????). THIS BLOGGER HOPES THE PRESIDENT WILL CHANGE THE OVERSIGHT CLAUSE AND TELL THE  F'S TO GET OUT OF TOWN !!!!!!!!!!!!!!!!!!

BY THE WAY, IN CASE YOU'VE BEEN READING HUMOROUS STUFF INSTEAD OF TRAGEDIES, THE F'S MANAGED TO LOSE CLOSE TO 200 BILLION TAXPAYER DOLLARS WHEN A TINY PINPRICK BLEW THE BALLOON WIDE OPEN AND WALL STREET  INVESTORS TOOK A MAJOR HIT WHICH THEY DESERVED FOR  THEIR WILD SPECULATION  ON THE HOME LOAN PACKAGED BONDS !!!!!!!!!!!! THE BONDS WERE A REAL MISH MASH OF DECEIT PUT TOGETHER BY CREATIVE THIEVES.

UNFORTUNATELY, ALL IS NOT AS IT SEEMS.  WHEN YOU STUDY OBAMA'S HOUSING PROPOSALS NOW HELD UP IN CONGRESS BECAUSE HE IS BACKING SWEEPING REFINANCING LEGISLATION   TO BE PAID FOR BY?????????? YOU GUESSED IT !!!!!!!!!
                                                       THE TAXPAYERS!!!!!!!!!!!!!!!
(GOT TO KICK THE OTHER SIDE OF THAT TUSHIE) YOU REALIZE HE WANTS TO EXPAND ELIGIBILITY FOR MORTGAGES  FOR HOMEOWNERS (WHO OBVIOUSLY CAN'T AFFORD EVEN GOVERNMENT BACKED FF'S. AND WHAT HAPPENS WHEN THESE LOANS GO BAD ????????????? WELL............OBAMA LIKE CLINTON WILL BE LONG GONE AND OUT IN OUR LAND CHARMING THE GULLIBLE PUBLIC LIKE ONLY HE CAN AS THEY TURN AROUND AND TAKE THEIR KICK IN THE KEYSTER LIKE  ONLY GOOD LITTLE AMERICANS CAN DO !!!!!!!!!!!!! LOOK AT THAT BAG OF GOLD IN THE OFFING THAT WILL BE YOURS TO PAY ALONG WITH HEALTH CARE.

THIS BLOGGER DOES SUGGEST THAT WHEN YOU EXAMINE ANYTHING BEING PROMOTED BY WASHINGTON'S .......SCHOLARS.......THAT YOU TAKE THE COIN BEING OFFERED AND STUDY THE REVERSE  SIDE TO SAVE THOSE BLISTERING BLOWS TO YOUR REVERSE SIDE !!!!!!!!!!!!!!!!!!!!!!!!!!!!!! WE'RE LOOKING AT THREE NEW BAGS FULL, FOLKS!!!!!!

PRESIDENT OBAMA HAS A KNACK OF SAYING WHAT YOU WANT TO HEAR AND NOT DOING WHAT YOU ASKED.  AND THE MORTGAGES BEING DONE AT PRESENT ARE STILL BEING GIVEN UNDER THE FF'S RULES.  OH, WHAT A WEB WE WEAVE WHEN FIRST WE PRACTICE TO DECEIVE!!!!!!!!!!!!!

CHEERS, CONNIE