Food Stamp Usage Falls to 37 Million for First Time Since October 2009

Here's another great piece for your history lesson...https://www.usnews.com/opinion/blog...rats-were-wrong-on-fannie-mae-and-freddie-mac

The left refused to even acknowledge there was a pending crisis there

 

I suspect you are a loyal Democrat.

What you know about my church fits on a note crumpled into tiny thimble.

Definitely the members of the Mormon Church are all excellent humans. But you attacked us anyway.

I will admit Harry Reid was not as good as he could have been. Romney is causing me recent distress but is a super good human and a fine example of a Mormon.

 

I perhaps am the sole poster here today that owned a mortgage firm for a long time.

I credit Obama for essentially pricing me out of my former job. I did not want the same level of mortgage business I once enjoyed. At my age of 80 I mostly would work at a lot lower level of numbers of loans. But he priced me out of the job.

Bush worked hard to correct Fannie Mae and Freddie. Had to finally take control of both. Democrats resisted his solutions. Told him he was crazy in ways of expressions.

Much if not all of that could have been prevented by a bill cosponsored by John McCain and supported by all the Republicans and opposed by all the Democrats in the Senate Banking Committee in 2005. That bill, which the Democrats stopped from passing, would have prohibited the GSEs from speculating on the mortgage-based securities they packaged. The GSEs' mission allegedly justifying their quasi-governmental status was to package or securitize such mortgages, but the lion's share of their profits—which determined top executives' bonuses—came from speculation.

As a Realtor, the twin F's had no direct impact on me. Both have had plenty of impact on borrowers and the loans they obtained. As an Appraiser we were impacted by the two Fs.
As a mortgage broker, i obeyed their rules.

How you ask?

If you own a home, with a loan, look at the bottoms of your loan forms. It shows the FF loan form numbers. Why do you suppose those numbers and not say other numbers?

Those forms follow precise rules. Rules made by the twin Fs.

When they changed rules to let flakes get loans, it was not we mortgage brokers, or banks. it was them.

FF is constantly defended by Democrats yet they were taken over by the Feds. And for damned good reason. Normally I do not support the Feds taking over companies but in the case of the defended by Democrats, the FF had to be saved.

 

You are beneath talking to. Note I merely did so to show I saw this crap.

 

a blog? lol

I gave you the congressional record from 2001-2007, showing republicans killed every single attempt to regulate fanny/freddy, which directly led to the crash.

 

I was slandered for commenting on the LDS (Mormon) system of Welfare. I saw my own sister using it. i was her agent when she sold her home. She did not get rich on the sale, but she had a good sum of cash. She blew all of the cash inside of 3 months. And she got free rent from me. I put her into a 3-2 home with a 2 car garage cost free to her. I figured I got a commission and she was my sister so why not help her back. For my trouble, she virtually ruined the home. It was made filthy. While she blew money on things she desired, she did not so much as offer me a dime.

I must admit it was a sad day when I was forced to evict her. I had high house payments and the rent free status of the home was not paying the mortgage loan.

I allowed her to live there as I got frantic trying to sell my home. She blocked all buyers. If one managed to get in, she told them the home was lousy and riddled with termites. The termite company inspected it and gave it a clear report. She was not willing to assist me in saving my credit. I was not selling a lot of homes. Money was very tight.

I ended up selling the home to a valued client who later made a huge profit.

The church paid for her apartment rent. They fed her. All she did was a few chores for the church.

Can you do that for the government?

Will the Feds pay your rent or mortgage for you? Will they send people with your best welfare in mind to ensure you do eat? She got a lot from the church.

 

You admit the FF killed the economy. But you are wrong that the R killed every attempt to change the laws on FF. Democrats refused to allow any regulation of both.

This is no blog. This is recorded events in the congress. And when you see what Democrats did, you will never again be able to support their lying about this.

Bill Clinton told the truth.

 

You never gave me in Congressional Record...you gave a link to some lines claiming the GOP blocked everything...which of course, once you actual read the link...turns out it wasn't true

 

Democrats can't tolerate being blamed. They love to blame, but when it is their fault, they shun blame like it is dropping rocks onto their heads. It is true Democrats. You could have prevented the crash that Obama blamed on Bush.

 

The left has mastered the art of attempting to rewrite history.

 

I've provided the congressional voting record on this a dozen times or more. republicans killed every single attempt to regulate fanny/freddy from 2001-2007.

 

This is why we know you never read the link I gave you. It has the voting record for the bills, showing republicans killed every single one of them. Lol

 

Where'd you get that idea? When the Democrats took the Congress January of 2007 unemployment was 4.5% and the economy was still strong and the Republican budget deficit for that fiscal year was a paltry $161B. What did they do to help mitigate the slowdown that began and the the recession a year later? How'd their policies work out?

 

And you were totally refuted with links the the Republican 2005 bill, the only bill which would have actually fixed the problem, but was rejected by the Democrats and a few RINO's. The Democrat bills would have only dug Fannie and Freddie deeper holes.

 

They extend it clear back to 1933 and their slavish love of FDR.
I grew up one of them. I recall our love of FDR. Grandpa was a communist my mom told me once. She said only for a few years. He loved FDR. Grandpa had two sons in combat for FDR. Still he loved the man. Saw him as the road to communism. Back then of you had a son in the military, you got a sticker for your home windows showing stars on the sticker.

Also is the more known flag.

 

Nice deflections. The point was that Obama inherited a bad economy. So it should be no surprise with all of the job losses that there was an increase of those on food stamps.

 

N

Nope. The congressional record is quite clear. Republicans killed EVERY single attempt to regulate fanny/freddy, which directly led to the crash.

 

Fannie and Freddie saw enormous profits from the not prime loans.
Their excuse could have been, see how the VA does it? See how the FHA does them?

Many assume the not prime loans came from republicans. But they existed during Truman's presidency.

Since I sold homes using the lower standard loans, who guessed they are VA loans and FHA loans?

VA had very low standards. VA also did not require a down payment. But better yet, the VA and FHA loans could be assumed by anybody.

VA was extremely tolerant of bad credit. VA even excused Vets from paying large parts of closing costs. Some was required to be paid by the Seller. Buyers by law could not pay loan points.

FHA had loan programs explicitly for the low credit standards. They also allowed loans with very close to no money in them as well. A cheap loan for the poor was FHA since they did not require a borrower be in the military at a time of war.

FF had ample proof that buyers pay loans even if they have poor credit. So they resisted the Republicans.

Flipping homes was unheard of prior to the 1980s. I am sure flipping was happening, but it was not a popular event.

 

You have proven to the forum you refuse to learn what really took place.

I showed you in videos of the actual congress how wrong you are. But you will never change.

 

I laugh when posters tell us Obama inherited. It is as if he got a reward. A so called reward of supposed bad government by Bush. Bush was a fine President. Obama should have tamped down those false claims about Bush.
Bush did not inherit a champion government either. He tried to fight off failures by Democrats.

 

I read it...it talks about the Dems not supporting at all anything out of Committee...all voting NO...it does talk about GOP votes for it, and some against that didn't think it went further enough. The Dems resisted. You never linked to the actual legislation, with the Roll Call. The videos provided of actual Dems in Congress at thte time speaks for itself they were absolutely against any regulation, some, were literally saying they were perfectly fine mere months before they collasped.

 

because I provided the actual congressional voting record from 2001-2007, detailing a list of bills all attempting to regulate fanny/freddy, and all killed by republicans? lol, ok.

I showed you the actual ****ing voting record. I don't care what out of context and edited youtube videos you post.

 

no you didn't. if you did, you would have seen democrats co sponsored some of the bills, and virtually all were bipartisan, and that the majority of republicans killed every single one of them.

 

I don't get you. The reps totally did not get what they wanted. Don't you see that massive difference between what the reps wanted and what the dems did? If the dems got what they wanted, it would have been radically different. Obviously lol

 

Who said it was a reward? One can inherit good or bad things.