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Liberty, Fannie & Freddie, Fed, housing
Posted by admin on October 14th, 2010
Posted in Depression Videos 
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The best idea is to DISMANTLE both Fannie and Freddie. The idea of both of these companies is to inject liquidity into the mortgage markets, by freeing banks capital which would otherwise be tied up in the loans if it were not for F&F buying. The problem is when F&F get burned, the government gets burned. Also, I am sure banks are a lot less careful doing their underwriting due to the fact that F&F are going to soon be taking the stinky paper off thier hands, Will F&F ever die, oink oink, never.
Make your mind up Peter. Early in the video you say the Fed can`t raise interest rates then later on you say home owners will get interest rate rises on their morgages.
People get laid off over delusional hysteria, so let them get hired back over delusional euphoria.
Executive pay on Wall Street is our business. Even if it is not prudent to regulate it, it is still a social issue.
Peter Shiff, wear a hat
Wall Street (manipulations) bailouts were rigged and a fraud.
High frequency trading, flash orders, naked short selling by:
Goldman, JPM, CIT, MorganStanley, AIG: thieves and frauds
The Fed, Comex, Bonds, Govt data: a fraud.
Bernanke, Geitner, Paulson, Summers: frauds
Don't get screwed (again) folks, stay way from this scum.
Sell your stocks, bonds, etf's, exchange it for something real.
Load up on physical silver bullion (in your hands).
Shop local mom and pop, Starve the Beast!
does it take a special skill to lose 100s of millions of dollars?
rofl
I'm all for fucking freedom. I call a referendum on the Patriot. To simply bring it off the table and into the fire.
Lets go America time to get our shit back woo woo.
good analogy
this is just another example of government central plan doesn't work out well.
That is a small percentage of the problem. Last time I checked the news on the street was that people weren't taking the opportunity of using government bail out money to get themselves out of foreclosure. There was a high percentage of eligible home owners who weren't participating in the program.
I swear the more I hear about this crazy financial situation we seem to be in I can't help but have this feeling that I have sat down and starting playing Monopoly with a table full of people who make the rules as the game progresses. Leaving ME bankrupt and wondering how in the heck they get to pass GO and collect 6 million dollars.
Didn't Obama send the lynch mob after AIG execs for bonuses his Treasury Secretary knew about beforehand
Wher is the outrage from Obama on Freddie/Fannie bonuses?
Oh right,, that might be why Obama was the #2 politician as far as the amount of campaign donations from Fannie Mae while in Congress..
Evidently that bought Obama's silence on those bonuses.
i don't know where you got your information about federal reserve increase money supply at the 1921 recession. totally false. government not only didn't increase money supply. not bailing out any companies. they actually cut the government spending by half.
you always sounded like we have the money. as if government can create money. Government can't create wealth. it can only take from one sector and give to others. if government want to update infrastructure. it has to take money from somewhere else to do it.
house or business are better off to be foreclosed if people can not afford them. otherwise people just buy expensive house and tell government to bail out their mortgages.
Ye, right. so the main reason USSR failed because they dropped oil price. we better raise our oil price then.
This guy makes a lot of sense. The fundamentals of the economy ARE BAD. Unless a well-paid middle class springs up overnight with the ability to actually purchase homes, these assets will lose value. You can't restore America by handing money to the gangster bankers. Trade policy, income inequality, anti-trust enforcement, Wall Street fraud, job creation all have to be addressed.
Continue to criticize me using the spelling and grammatical prowess of a monkey. Don't be mad just because you lost all your bananas with bad depository institutions.
Again when you get your house or business foreclosed on,lose your job and pension and starve in the streets then come to me and tell me how great freemarkets are.
Actually the Soviets collapsed because the drop in Oil prices in the mid-1980s which bankrupted them
USSR. they used to have it. and it failed because its economy failed.
And we should do it all the time.We havent updated our infrastructure sence the early 1960s
And i dont invest in the stock market dipshit.Keep defending corruption and see where you are 5 years from now
Wow ignorance must be bliss until you get your ass foreclosed on and start starving in the streets.Take that free market anarchy somewhere else punk.Dont you realize what happens on Wall Street effects everybody.Most likely not sence you have the I.Q of a Elephant