stuckincincy Posted July 29, 2010 Share Posted July 29, 2010 The government that forced the industry to lend to people who by any sense, didn't qualify for a loan (of course, that garnered votes for the Dems) now says that mortgage brokers will be fingerprinted and registered in this "Financial Reform" Act. http://news.yahoo.com/s/nm/20100728/us_nm/...a_fed_mortgages Also contained in it is that the SEC can, behind closed doors, decide to close and/or confiscate any private business, and they are deemed immune from Freedom of Information Act requests. The press, the citizenry, can no longer question their acts. http://www.politico.com/blogs/joshgerstein...draws_heat.html Of course, as we know, Freddie Mac and Fannie Mae were excluded from the legislation... It's inexorable... Link to comment Share on other sites More sharing options...
RkFast Posted July 29, 2010 Share Posted July 29, 2010 The President has Jay-Z on his EyePod.....BADASS!!!!!!!!!!!!! Link to comment Share on other sites More sharing options...
IDBillzFan Posted July 29, 2010 Share Posted July 29, 2010 Change you can bereave in! Link to comment Share on other sites More sharing options...
DC Tom Posted July 29, 2010 Share Posted July 29, 2010 The government that forced the industry to lend to people who by any sense, didn't qualify for a loan (of course, that garnered votes for the Dems) now says that mortgage brokers will be fingerprinted and registered in this "Financial Reform" Act. http://news.yahoo.com/s/nm/20100728/us_nm/...a_fed_mortgages That's not unreasonable. Financial advisors are subject to that, why not mortgage brokers? Also contained in it is that the SEC can, behind closed doors, decide to close and/or confiscate any private business, and they are deemed immune from Freedom of Information Act requests. The press, the citizenry, can no longer question their acts. http://www.politico.com/blogs/joshgerstein...draws_heat.html Of course, as we know, Freddie Mac and Fannie Mae were excluded from the legislation... It's inexorable... Without reading the link...that's nonsense, if it's as you describe. Link to comment Share on other sites More sharing options...
IDBillzFan Posted July 29, 2010 Share Posted July 29, 2010 Without reading the link...that's nonsense, if it's as you describe. It's basically true. Fox Business News has been trying to get Madoff information, and kept getting blocked, and finally they told them they don't need to release the information based on the new Financial Regulation Reform bill Obama signed. Of course, it's Fox Business News, so it's probably just a manufactured story to push a right-wing agenda. I posted this link from CNN Money in a different thread. Link to comment Share on other sites More sharing options...
stuckincincy Posted July 29, 2010 Author Share Posted July 29, 2010 That's not unreasonable. Financial advisors are subject to that, why not mortgage brokers? Without reading the link...that's nonsense, if it's as you describe. Well then, read the link and search for yourself. Link to comment Share on other sites More sharing options...
Chef Jim Posted July 29, 2010 Share Posted July 29, 2010 Change you can bereave in! Damn, I had no idea you were Chinese. Link to comment Share on other sites More sharing options...
IDBillzFan Posted July 29, 2010 Share Posted July 29, 2010 Damn, I had no idea you were Chinese. Fa ra ra ra ra, ra ra ra raaaaa! Link to comment Share on other sites More sharing options...
DC Tom Posted July 29, 2010 Share Posted July 29, 2010 Fa ra ra ra ra, ra ra ra raaaaa! That's "flied lice", you plick! Link to comment Share on other sites More sharing options...
keepthefaith Posted July 29, 2010 Share Posted July 29, 2010 The government that forced the industry to lend to people who by any sense, didn't qualify for a loan (of course, that garnered votes for the Dems) now says that mortgage brokers will be fingerprinted and registered in this "Financial Reform" Act. http://news.yahoo.com/s/nm/20100728/us_nm/...a_fed_mortgages Also contained in it is that the SEC can, behind closed doors, decide to close and/or confiscate any private business, and they are deemed immune from Freedom of Information Act requests. The press, the citizenry, can no longer question their acts. http://www.politico.com/blogs/joshgerstein...draws_heat.html Of course, as we know, Freddie Mac and Fannie Mae were excluded from the legislation... It's inexorable... Business people = bad Government = good Fanny and Freddy = government Fanny and Freddy = good Any reform aimed at Fanny and Freddy would have been an obvious admission that they too had some responsibility in the "crisis". We all know that Fanny and Freddy were victimized by the greedy mortgage brokers. Those pesky brokers forced Fanny and Freddy to buy up all those loans and forced Fanny and Freddy to pay the highest prices in the market for those loans even when Fanny and Freddy didn't have the necessary reserves to withstand a downturn in the market. Those damn greedy !@#$ brokers cost the taxpayers billions!!! Link to comment Share on other sites More sharing options...
Pine Barrens Mafia Posted July 29, 2010 Share Posted July 29, 2010 That's not unreasonable. Financial advisors are subject to that, why not mortgage brokers? And insurance agents. Link to comment Share on other sites More sharing options...
stuckincincy Posted July 29, 2010 Author Share Posted July 29, 2010 Business people = badGovernment = good Fanny and Freddy = government Fanny and Freddy = good Any reform aimed at Fanny and Freddy would have been an obvious admission that they too had some responsibility in the "crisis". We all know that Fanny and Freddy were victimized by the greedy mortgage brokers. Those pesky brokers forced Fanny and Freddy to buy up all those loans and forced Fanny and Freddy to pay the highest prices in the market for those loans even when Fanny and Freddy didn't have the necessary reserves to withstand a downturn in the market. Those damn greedy !@#$ brokers cost the taxpayers billions!!! Are you serious, Is this scarsm? Link to comment Share on other sites More sharing options...
keepthefaith Posted July 29, 2010 Share Posted July 29, 2010 Are you serious, Is this scarsm? Dripping with sarcasm. !@#$ Barney Frank and all of his followers. Link to comment Share on other sites More sharing options...
Alaska Darin Posted July 29, 2010 Share Posted July 29, 2010 !@#$ Barney Frank and all of his followers. I would have chosen a different insult... Link to comment Share on other sites More sharing options...
3rdnlng Posted July 30, 2010 Share Posted July 30, 2010 I would have chosen a different insult... I agree. I want nothing to do with !@#$ing Barney Fife, I mean Barney Frank. Link to comment Share on other sites More sharing options...
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