http://conservativeinc.com/have-the-government-bail-out-new-orleans-and-fannie-and-freddie-and/ You Read, I'm Right Tue, 06 Jan 2009 22:34:33 +0000 http://wordpress.org/?v=2.2.1 http://conservativeinc.com/have-the-government-bail-out-new-orleans-and-fannie-and-freddie-and/#comment-2247 Peggy McGilligan Wed, 24 Sep 2008 05:35:53 +0000 http://conservativeinc.com/have-the-government-bail-out-new-orleans-and-fannie-and-freddie-and/#comment-2247 When Bill Clinton loosened banking regulations in California, he was able to lend $8-billion dollars for "community loans.” Of course, this money and much more would never get paid back. It was a blank check. Undoing regulations sets a precedent, as does "comping" real estate. With the influx of cheap capital, houses already overvalued at $125,000 jumped to $525,000. The only way to afford: "creative financing.” When the schemes fell through, as they invariably will whenever 30-million Mexican nationals buy inflated properties in another country and default, it left bankers around the world in the lurch (see global economy). Never mind that the aforementioned demographic is the new face of the Democratic Party; Congress simply cannot determine the worth of the financial instruments, because of the rampant “creativity” and subsequent artificial prices. So, it should be a $90-billion bailout at best. But if you want to thank someone, thank Hillary Clinton. She knew all along who’d get the easy loans; she knew whose votes she’d have to buy: http://theseedsof9-11.com When Bill Clinton loosened banking regulations in California, he was able to lend $8-billion dollars for “community loans.” Of course, this money and much more would never get paid back. It was a blank check. Undoing regulations sets a precedent, as does “comping” real estate. With the influx of cheap capital, houses already overvalued at $125,000 jumped to $525,000. The only way to afford: “creative financing.” When the schemes fell through, as they invariably will whenever 30-million Mexican nationals buy inflated properties in another country and default, it left bankers around the world in the lurch (see global economy). Never mind that the aforementioned demographic is the new face of the Democratic Party; Congress simply cannot determine the worth of the financial instruments, because of the rampant “creativity” and subsequent artificial prices. So, it should be a $90-billion bailout at best. But if you want to thank someone, thank Hillary Clinton. She knew all along who’d get the easy loans; she knew whose votes she’d have to buy: http://theseedsof9-11.com

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