mortgages
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By AmericanElephant on October 17, 2008
Excellent ad in their own words, showing the politicians behind the economic crisis and the leaders who tried to stop it.
Posted in Blog | Tagged bailout, barney frank, economy, fannie mae, mortgages, subprime
By AmericanElephant on October 9, 2008
Democrats protected Fannie and Freddie… now we have a global meltdown.
Posted in Blog | Tagged bailout, democrat party, economy, fannie mae, mortgages
By AmericanElephant on October 1, 2008
Some Straight Talk from John McCain.
Posted in Blog | Tagged bailout, economy, john mccain, mortgages
By AmericanElephant on October 1, 2008
Bill Clinton agrees, it didn’t have to happen.
Posted in Blog | Tagged bailout, barack obama, economy, fannie mae, john mccain, mortgages
By AmericanElephant on September 24, 2008
So the John McCain is suspending campaign activities for the moment so he can do his job as United States Senator and work on the current financial crisis and bailout vote. I saw this on Drudge and didn’t really believe it… then I saw it at Michelle Malkin’s site and the AP, and it kind of sunk in. McCain is also asking the debate commission to postpone Friday’s debate so they can focus on the bailout bill and have a “leadership” meeting (including President Bush and Barack Obama) to try and work out the details and a path forward.
Posted in Blog | Tagged 2008 election, bailout, barack obama, credit, economy, fannie mae, john mccain, mortgages
By AmericanElephant on September 19, 2008
It’s not just Franklin Raines advising Barack Obama, another failed Fannie Mae CEO not only advises Barack Obama but also was on his VP Selection Committee.
Posted in Blog | Tagged barack obama, economy, fannie mae, jom johnson, mortgages
By AmericanElephant on September 19, 2008
We said earlier the “talking point of the week” for Obama surrogates was to paint anyone who disagrees with “The One” as racist. Apparently Time Magazine is part of the fold, and their “lead political reporter” is now on the attack over McCain’s ad linking Franklin Raines of Fannie Mae to Barack Obama.
Posted in Blog | Tagged barack obama, economy, fannie mae, judgment, mortgages
By AmericanElephant on September 18, 2008
Who advises Barack Obama and economic and housing issues? Franklin Raines, the same guy who got paid $25 Million dollars to run Fannie Mae into the ground. Instead of looking for solutions to the housing and economic crisis, Barack Obama gets his advice from one of the guys who created the problem.
Posted in Blog | Tagged barack obama, economy, fannie mae, john mccain, mortgages
By AmericanElephant on September 17, 2008
Barack Obama can talk about change, but he is part of the problem, not the solution. Barack Obama has received over $126,000 in campaign contributions from Fannie Mae and Freddie Mac (you know the giant corporations involved in the housing crisis that our tax dollars just bought). So much for change.
Posted in Blog | Tagged barack obama, dodd, economy, john mccain, mortgages
By AmericanElephant on July 22, 2008
Many of us in the business (at least the people I associate with) don’t like the Pick-A-Payment Mortgage plan, where every month borrowers get to choose from paying their loan at something like 1-1.5% (considerably below the interest rate), interest only, or based on a 15yr or 30yr amortization. Any guess what most borrowers [...]
Posted in Blog | Tagged economy, mortgages, Wachovia
By AmericanElephant on July 20, 2008
You’ve probably read a lot of posts (this site included) complaining that the weasel Chuck Schumer’s disgraceful actions caused the bank run that led to the failure of IndyMac Bank. If you want a good illustration of what a bank run is and why the Weasel Chuck Schumer is no different than the evil Old [...]
Posted in Blog | Tagged indymac, mortgages, schumer
By AmericanElephant on July 18, 2008
This morning I was listening to Clark Howard when some Deadbeat called in about his mortgage loan. He currently owes $350,000 on his mortgage but estimates now that his home is only worth $230,000 due to declines in the economy and housing market. So Mr. Deadbeat decided he didn’t want to pay what [...]
Posted in Blog | Tagged bailout, clark howard, economy, mortgages
By AmericanElephant on July 16, 2008
QUOTE: “[W]hen I picked up my newspaper yesterday, I thought I woke up in France,” Bunning said during the hearing. “But no, it turned out it was socialism here in the United States of America and very well, going well. The Treasury secretary is now asking for a blank check to buy as much Fannie and Freddie debt or equity as he wants. The Fed purchase of Bear Stearns assets was amateur socialism compared to this.”
Posted in Blog | Tagged fannie mae, freddie mac, mortgages, socialism
By AmericanElephant on July 14, 2008
The conservatives and libertarians across this great land are not naive fools as they cry foul. They are students of history who understand the nature of our nation’s very foundation. Sadly those who are supposed to serve along with the whining masses do not. A government that gives you everything can take everything away. A people who cannot be self reliant cannot be free.
Posted in Blog | Tagged fannie mae, freddie mac, mortgages, socialism
By AmericanElephant on July 13, 2008
Fannie, Freddie & The Fed.
Posted in Blog | Tagged fannie mae, freddie mac, mortgages
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