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uk mortgage advisor
After Bush went live last night, now after a year America was slapped in the face and the outrage based on most newspaper headlines is at extremes.
According to the Washington Post, blame can mainly be placed on (1) the FED, for allowing low rates and loose money to continue unabated; and (2) Fannie Mae and Freedie Mac, the entities who purchased more than $3 trillion in toxic mortgages. Franklin Raines, Obama's economic advisor earned $90 million in bonuses over 6 yrs for those bad mortgages
This is a trillion dollar scam, and all the politicians in Congress, the ACORN mafia, the people who played the market on unsecured mortgages, and the scam artists who were hired by Freddie and Fannie -- they all knew it. In case you haven't been watching, that includes all of Barack Obama's "home mortgage advisors" -- Franklin Raines, Jim Johns
James A. Johnson--the man chosen by Sen. Barack Obama to lead his vice presidential search committee---served as head of the Federal National Mortgage Association, or “Fannie Mae,” from 1991 to 1998, receiving a reported $21 million in compensation upon his departure.
The rescue plan is absolutely necessary; in the end taxpayers will benefit in two ways; the economy will not collapse into a prolonged recession, and in a few years when the sub primes are sold back into the markets they will generate a profit----we are confident of it as are most savvy investors. Buffett said yesterday if he could borrow money at
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