cayla99

Religion

Kennedy to speak on health care after church feud

If he is going to publicly go against the church, then he needs to be treated like every other catholic and pay the penalty. It is up to him what means more to him, his religion or helping woman kill their babies.  (Nov 28, 2009 | post #3)

Religion

Jehovah's Witness convention to generate $100M in spending

Who knows, the end was supposed to come in 1935, 36, 37, 75, 95 and who knows how many I missed  (Nov 27, 2009 | post #70)

Religion

Jehovah's Witness convention to generate $100M in spending

I have a question, has anyone else noticed that hard working people who convert to JW become very slow and lazy? We have had three employees convert in the past few years and two of them have gone from our best to our worst. (the other was always at the lower end). Does anyone know why this happens?  (Nov 23, 2009 | post #64)

US Supreme Court

Wrongfully convicted, man can't sue prosecutor

The good news is, so far I have not been victimized, however, it could happen to any one of us at any time.  (Jun 21, 2009 | post #3)

Indianapolis, IN

Obama Leads Us to NEW DEPRESSION !

Here's Barney: http://www.youtube .com/watch?v=hxMIn Sfanqg&NR=1 http://www.youtube .com/watch?v=iW5qK YfqALE&feature =player_embedded Various Democrats lie about fannie and freddie http://www.youtube .com/watch?v=_MGT_ cSi7Rs  (Jun 19, 2009 | post #148)

Indianapolis, IN

Obama Leads Us to NEW DEPRESSION !

It also shows he tried to prevent it for 7 years, but congress would not listen. Barney Frank was one of the worst offenders and there are a number of clips on youtube showing Frank MOCKING Bush when he warned of freddie and fannie. IF you had a clue, which we all know you don't, as to how our government was set up, you would know that any bill to fix freddie or fannie would have had to come from CONGRESS. Without CONGRESS there was NOTHING the president could do.  (Jun 19, 2009 | post #128)

Indianapolis, IN

Obama Leads Us to NEW DEPRESSION !

2008 January: Bank of America announces it will buy Countrywide. January: Citigroup announces mortgage portfolio lost $18.1 billion in value. February: Assistant Secretary David Nason reiterates the urgency of reforms, says “A new regulatory structure for the housing GSEs is essential if these entities are to continue to perform their public mission successfully.” (David Nason, Testimony On Reforming GSE Regulation, Senate Committee On Banking, Housing And Urban Affairs, 2/7/08). March: Bear Stearns announces it will sell itself to JPMorgan Chase. March: President Bush calls on Congress to take action and “move forward with reforms on Fannie Mae and Freddie Mac. They need to continue to modernize the FHA, as well as allow State housing agencies to issue tax-free bonds to homeowners to refinance their mortgages.” (President George W. Bush, Remarks To The Economic Club Of New York, New York, NY, 3/14/08). April: President Bush urges Congress to pass the much needed legislation and “modernize Fannie Mae and Freddie Mac. [There are] constructive things Congress can do that will encourage the housing market to correct quickly by … helping people stay in their homes.” (President George W. Bush, Meeting With Cabinet, the White House, 4/14/08). May: President Bush issues several pleas to Congress to pass legislation reforming Fannie Mae and Freddie Mac before the situation deteriorates further. * “Americans are concerned about making their mortgage payments and keeping their homes. Yet Congress has failed to pass legislation I have repeatedly requested to modernize the Federal Housing Administration that will help more families stay in their homes, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance sub-prime loans.” (President George W. Bush, Radio Address, 5/3/08). * “[T]he government ought to be helping creditworthy people stay in their homes. And one way we can do that – and Congress is making progress on this – is the reform of Fannie Mae and Freddie Mac. That reform will come with a strong, independent regulator.” (President George W. Bush, Meeting With The Secretary Of The Treasury, the White House, 5/19/08). * “Congress needs to pass legislation to modernize the Federal Housing Administration, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance subprime loans.” (President George W. Bush, Radio Address, 5/31/08). June: As foreclosure rates continued to rise in the first quarter, the President once again asks Congress to take the necessary measures to address this challenge, saying “we need to pass legislation to reform Fannie Mae and Freddie Mac.” (President George W. Bush, Remarks At Swearing In Ceremony For Secretary Of Housing And Urban Development, Washington, D.C., 6/6/08). July: Congress heeds the President’s call for action and passes reform of Fannie Mae and Freddie Mac as it becomes clear that the institutions are failing.  (Jun 17, 2009 | post #95)

Indianapolis, IN

Obama Leads Us to NEW DEPRESSION !

2007 July: Two Bear Stearns hedge funds invested in mortgage securities collapse. August: President Bush emphatically calls on Congress to pass a reform package for Fannie Mae and Freddie Mac, saying “first things first when it comes to those two institutions. Congress needs to get them reformed, get them streamlined, get them focused, and then I will consider other options.” (President George W. Bush, Press Conference, The White House, 8/9/07). September: RealtyTrac announces foreclosure filings up 243,000 in August – up 115 percent from the year before. September: Single-family existing home sales decreases 7.5 percent from the previous month – the lowest level in nine years. Median sale price of existing homes fell six percent from the year before. December: President Bush again warns Congress of the need to pass legislation reforming GSEs, saying “These institutions provide liquidity in the mortgage market that benefits millions of homeowners, and it is vital they operate safely and operate soundly. So I’ve called on Congress to pass legislation that strengthens independent regulation of the GSEs – and ensures they focus on their important housing mission. The GSE reform bill passed by the House earlier this year is a good start. But the Senate has not acted. And the United States Senate needs to pass this legislation soon.” (President George W. Bush, Discusses Housing, The White House, 12/6/07).  (Jun 17, 2009 | post #94)

Indianapolis, IN

Obama Leads Us to NEW DEPRESSION !

2004 February: The President’s FY05 Budget again highlights the risk posed by the explosive growth of the GSEs and their low levels of required capital, and called for creation of a new, world-class regulator: “The Administration has determined that the safety and soundness regulators of the housing GSEs lack sufficient power and stature to meet their responsibilities, and therefore…should be replaced with a new strengthened regulator.” (2005 Budget Analytic Perspectives, pg. 83) February: CEA Chairman Mankiw cautions Congress to “not take [the financial market's] strength for granted.” Again, the call from the Administration was to reduce this risk by “ensuring that the housing GSEs are overseen by an effective regulator.” (N. Gregory Mankiw, Op-Ed, “Keeping Fannie And Freddie’s House In Order,” Financial Times, 2/24/04). June: Deputy Secretary of Treasury Samuel Bodman spotlights the risk posed by the GSEs and called for reform, saying “We do not have a world-class system of supervision of the housing government sponsored enterprises (GSEs), even though the importance of the housing financial system that the GSEs serve demands the best in supervision to ensure the long-term vitality of that system. Therefore, the Administration has called for a new, first class, regulatory supervisor for the three housing GSEs: Fannie Mae, Freddie Mac, and the Federal Home Loan Banking System.” (Samuel Bodman, House Financial Services Subcommittee on Oversight and Investigations Testimony, 6/16/04). 2005 April: Treasury Secretary John Snow repeats his call for GSE reform, saying “Events that have transpired since I testified before this Committee in 2003 reinforce concerns over the systemic risks posed by the GSEs and further highlight the need for real GSE reform to ensure that our housing finance system remains a strong and vibrant source of funding for expanding homeownership opportunities in America… Half-measures will only exacerbate the risks to our financial system.” (Secretary John W. Snow, “Testimony Before The U.S. House Financial Services Committee,” 4/13/05). (continued next post)  (Jun 17, 2009 | post #93)

Indianapolis, IN

Obama Leads Us to NEW DEPRESSION !

2002 May: The President calls for the disclosure and corporate governance principles contained in his 10-point plan for corporate responsibility to apply to Fannie Mae and Freddie Mac. (OMB Prompt Letter to OFHEO, 5/29/02) 2003 January: Freddie Mac announces it has to restate financial results for the previous three years. February: The Office of Federal Housing Enterprise Oversight (OFHEO) releases a report explaining that “although investors perceive an implicit Federal guarantee of [GSE] obligations,” “the government has provided no explicit legal backing for them.” As a consequence, unexpected problems at a GSE could immediately spread into financial sectors beyond the housing market. (”Systemic Risk: Fannie Mae, Freddie Mac and the Role of OFHEO,” OFHEO Report, 2/4/03). September: Fannie Mae discloses SEC investigation and acknowledges OFHEO’s review found earnings manipulations. September: Treasury Secretary John Snow testifies before the House Financial Services Committee to recommend that Congress enact “legislation to create a new Federal agency to regulate and supervise the financial activities of our housing-related government sponsored enterprises” and set prudent and appropriate minimum capital adequacy requirements. October: Fannie Mae discloses $1.2 billion accounting error. November: Council of the Economic Advisers (CEA) Chairman Greg Mankiw explains that any “legislation to reform GSE regulation should empower the new regulator with sufficient strength and credibility to reduce systemic risk.” To reduce the potential for systemic instability, the regulator would have “broad authority to set both risk-based and minimum capital standards” and “receivership powers necessary to wind down the affairs of a troubled GSE.” (N. Gregory Mankiw, Remarks At The Conference Of State Bank Supervisors State Banking Summit And Leadership, 11/6/03). (continued next post)  (Jun 17, 2009 | post #92)

Indianapolis, IN

Obama Leads Us to NEW DEPRESSION !

I’m copying this post from the White House webpage in it’s entirety because I want people to read the whole thing). For many years the President and his Administration have not only warned of the systemic consequences of financial turmoil at a housing government-sponsor ed enterprise (GSE) but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties. President Bush publicly called for GSE reform 17 times in 2008 alone before Congress acted. Unfortunately, these warnings went unheeded, as the President’s repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems. 2001 April: The Administration’s FY02 budget declares that the size of Fannie Mae and Freddie Mac is “a potential problem,” because “financial trouble of a large GSE could cause strong repercussions in financial markets, affecting Federally insured entities and economic activity.” (continued next post)  (Jun 17, 2009 | post #91)

US News

Outcome of European Parliamentary Elections shows it is OK to b...

LOL NAZI is an acronym for Nationalsozialistische Deutsche Arbeiterpartei which translated into English is the National SOCIALIST German Workers' Party  (Jun 16, 2009 | post #724)

US News

Outcome of European Parliamentary Elections shows it is OK to b...

How can we forget racism when our executive branch is spewing it our right and left? Here are some examples in case you forgot “I am concerned… that these [stimulus-created] jobs not simply go to high-skilled people who are already professionals [why isn't clear] or to white male construction workers…” “I would hope that a wise Latina woman with the richness of her experiences would more often than not reach a better conclusion than a white male who hasn’t lived that life,” Nope, nothing racist coming out of our liberal white house  (Jun 16, 2009 | post #723)

US News

Outcome of European Parliamentary Elections shows it is OK to b...

A lot like you, only the color of skin seems to have changed.  (Jun 16, 2009 | post #722)

US News

Outcome of European Parliamentary Elections shows it is OK to b...

Ok, let us compare liberalism and fascism shall we? Smoking ban Hitler: for Liberals: for Job hiring preferences for certain races: Hitler: for Liberals: for (Affirmative action) Government control of the economy Hitler: for Liberals: for Gun Bans Hitler: for Liberals: for Mandatory Youth Service Hitler: for Liberals: for Animal rights over human rights Hitler: for Liberals: for Taking over auto plants Hitler: for Liberals: for Government taking over of banks Hitler: for Liberals: for Government run health care Hitler: for Liberals: for I see, there are major differences, Not  (Jun 15, 2009 | post #684)