|
| | | 
Forum Member
 
Group: Forum Members
Last Login: Yesterday @ 10:19:12 PM
Posts: 347, Visits: 1,036 |
| Drakey (9/28/2008)
[quote] Mc Bulldog (9/26/2008)
Obama voted for the Class Action Fairness Act (CAFA). 
And how is that significant?[/quote]
It doesn't matter who gets elected president. We have two raving socialists running the congress and their majorities are likely to increase. The republicans are impotent and have spent as much as any Dem ever wanted. Neither candidate could explain a CDS to you even though they both created the environment for them. Obama voted against the Fannie Freddie regulations proposed in 2005 after taking over $110k in contributions from their pacs. Mccain doesn't get it either, and can't bring his own party to the table.
No matter who wins, Taxes are going up, credit will remain tight, interest rates will rise, the global economy will continue to slow and the war against ghosts will continue in Pakganistan. Oh and lets not forget we still have an energy crisis which won't be addressed by this congress, unless your willing to stick a windmill on your yukon.
Where is Tip O'Neal when you need him.
Big Bull keeps the faith!!! |
| |
| | | 
Supreme Being
Group: Forum Members
Last Login: Today @ 4:31:56 PM
Posts: 3,685, Visits: 34,674 |
| Drakey (9/28/2008)
[quote] Mc Bulldog (9/26/2008)
Obama voted for the Class Action Fairness Act (CAFA).
And how is that significant?[/quote]
B-I-N-G-O !!! We have a winner! |
| |
| | | 
Supreme Being
Group: Forum Members
Last Login: Today @ 3:03:37 PM
Posts: 1,407, Visits: 1,500 |
| Mc Bulldog (9/29/2008)
[quote] Drakey (9/28/2008)
[quote] Mc Bulldog (9/26/2008)
Obama voted for the Class Action Fairness Act (CAFA).
And how is that significant?[/quote]
B-I-N-G-O !!! We have a winner![/quote]
Huh? |
| |
| | |
Supreme Being
Group: Forum Members
Last Login: Today @ 4:31:56 PM
Posts: 3,685, Visits: 34,674 |
| It would be no different than selling hope, change, or voting for anything that one wouldn't know jack sqwat about.
Carter? ... ya mean Billy's big brother? |
| |
| | |
Supreme Being
Group: Forum Members
Last Login: Today @ 3:03:37 PM
Posts: 1,407, Visits: 1,500 |
| | I don't even know who I am voting for yet, but with regard to Obama, attacks on his intelligence or ability to comprehend probably aren't going to be very effective. Graduating near the top of his class at a law school that nobody on this board could get into would lead me to believe he has the requisite intelligence to understand what he is voting for. |
| |
| | |
Supreme Being
Group: Forum Members
Last Login: Today @ 4:31:56 PM
Posts: 3,685, Visits: 34,674 |
| Well .. I'm not falling for your extraction techinque. And your a lair!  So your saying you think he really knew he was supporting Tort Reform? ... I doubt it, no matter where he went to law school.
I haven't checked Snopes on this but I'm sure Smugarschdog will. - Read all the way to the bottom.
Here is a quick look into 3 former Fannie Mae executives who have
brought down Wall Street.
Franklin Raines was a Chairman and Chief Executive Officer at Fannie
Mae.
Raines was forced to retire from his position with Fannie Mae when
auditing discovered severe irregulaties in Fannie Mae's accounting
activities. At the time of his departure The Wall Street Journal
noted, " Raines, who long defended the company's accounting despite
mounting evidence that it wasn't proper, issued a statement late
Tuesday conceding that "mistakes were made"
and saying he would assume responsibility as he had earlier promised.
News reports indicate the company was under growing pressure from
regulators to shake up its management in the wake of findings that the
company's books ran afoul of generally accepted accounting principles
for four years." Fannie Mae had to reduce its surplus by $9 billion.
Raines left with a "golden parachute valued at $240 Million in
benefits. The Government filed suit against Raines when the depth of
the accounting scandal became clear.
http://housingdoom.com/2006/12/18/fannie-charges/ . The Government
noted, "The 101 charges reveal how the individuals improperly
manipulated earnings to maximize their bonuses, while knowingly
neglecting accounting systems and internal controls, misapplying over
twenty accounting principles and misleading the regulator and the
public. The Notice explains how they submitted six years of misleading
and inaccurate accounting statements and inaccurate capital reports
that enabled them to grow Fannie Mae in an unsafe and unsound manner."
These charges were made in 2006. The Court ordered Raines to return
$50 Million Dollars he received in bonuses based on the miss-stated
Fannie Mae profits.
Tim Howard - Was the Chief Financial Officer of Fannie Mae. Howard
"was a strong internal proponent of using accounting strategies that
would ensure a "stable pattern of earnings" at Fannie. In everyday
English - he was cooking the books. The Government Investigation
determined that, "Chief Financial Officer, Tim Howard, failed to
provide adequate oversight to key control and reporting functions
within Fannie Mae,"
On June 16, 2006, Rep. Richard Baker, R-La., asked the Justice
Department to investigate his allegations that two former Fannie Mae
executives lied to Congress in October 2004 when they denied
manipulating the mortgage-finance giant's income statement to achieve
management pay bonuses. Investigations by federal regulators and the
company's board of directors since concluded that management did
manipulate 1998 earnings to trigger bonuses. Raines and Howard
resigned under pressure in late 2004.
Howard's Golden Parachute was estimated at $20 Million!
Jim John son - A former executive at Lehman Brothers and who was
later forced from his position as Fannie Mae CEO. A look at the Office of
Federal Housing Enterprise Oversight's May 2006
report on
mismanagement and corruption inside Fannie Mae, and you'll see some
interesting things about John son. Investigators found that Fannie Mae
had hidden a substantial amount of John son's 1998 compensation from
the public, reporting that it was between $6 million and $7 million
when it fact it was $21 million."
John son is currently under investigation for taking illegal loans
from Countrywide while serving as CEO of Fannie Mae.
Johnson's Golden Parachute was estimated at $28 Million.
WHERE ARE THEY NOW?
FRANKLIN RAINES? Raines works for the Obama Campaign as Chief Economic
Advisor
TIM HOWARD? Howard is also a Chief Economic Advisor to Obama
JIM JOHNSON? Johnson hired as a Senior Obama Finance Advisor and was
selected to run Obama's Vice Presidential Search Committee
IF OBAMA PLANS ON CLEANING UP THE MESS - HIS ADVISORS HAVE THE
EXPERTISE -
THEY MADE THE MESS IN THE FIRST PLACE. Would you trust the men who
tore Wall Street down to build the New Wall Street ?
|
| |
| | |
Forum Member
Group: Forum Members
Last Login: Yesterday @ 10:19:12 PM
Posts: 347, Visits: 1,036 |
| [quote]Mc Bulldog (9/29/2008)
Well .. I'm not falling for your extraction techinque. And your a lair! So your saying you think he really knew he was supporting Tort Reform? ... I doubt it, no matter where he went to law school.
I haven't checked Snopes on this but I'm sure Smugarschdog will. - Read all the way to the bottom.
Here is a quick look into 3 former Fannie Mae executives who have
brought down Wall Street.
Franklin Raines was a Chairman and Chief Executive Officer at Fannie
Mae.
Raines was forced to retire from his position with Fannie Mae when
auditing discovered severe irregulaties in Fannie Mae's accounting
activities. At the time of his departure The Wall Street Journal
noted, " Raines, who long defended the company's accounting despite
mounting evidence that it wasn't proper, issued a statement late
Tuesday conceding that "mistakes were made"
and saying he would assume responsibility as he had earlier promised.
News reports indicate the company was under growing pressure from
regulators to shake up its management in the wake of findings that the
company's books ran afoul of generally accepted accounting principles
for four years." Fannie Mae had to reduce its surplus by $9 billion.
Raines left with a "golden parachute valued at $240 Million in
benefits. The Government filed suit against Raines when the depth of
the accounting scandal became clear.
http://housingdoom.com/2006/12/18/fannie-charges/ . The Government
noted, "The 101 charges reveal how the individuals improperly
manipulated earnings to maximize their bonuses, while knowingly
neglecting accounting systems and internal controls, misapplying over
twenty accounting principles and misleading the regulator and the
public. The Notice explains how they submitted six years of misleading
and inaccurate accounting statements and inaccurate capital reports
that enabled them to grow Fannie Mae in an unsafe and unsound manner."
These charges were made in 2006. The Court ordered Raines to return
$50 Million Dollars he received in bonuses based on the miss-stated
Fannie Mae profits.
Tim Howard - Was the Chief Financial Officer of Fannie Mae. Howard
"was a strong internal proponent of using accounting strategies that
would ensure a "stable pattern of earnings" at Fannie. In everyday
English - he was cooking the books. The Government Investigation
determined that, "Chief Financial Officer, Tim Howard, failed to
provide adequate oversight to key control and reporting functions
within Fannie Mae,"
On June 16, 2006, Rep. Richard Baker, R-La., asked the Justice
Department to investigate his allegations that two former Fannie Mae
executives lied to Congress in October 2004 when they denied
manipulating the mortgage-finance giant's income statement to achieve
management pay bonuses. Investigations by federal regulators and the
company's board of directors since concluded that management did
manipulate 1998 earnings to trigger bonuses. Raines and Howard
resigned under pressure in late 2004.
Howard's Golden Parachute was estimated at $20 Million!
Jim John son - A former executive at Lehman Brothers and who was
later forced from his position as Fannie Mae CEO. A look at the Office of
Federal Housing Enterprise Oversight's May 2006
report on
mismanagement and corruption inside Fannie Mae, and you'll see some
interesting things about John son. Investigators found that Fannie Mae
had hidden a substantial amount of John son's 1998 compensation from
the public, reporting that it was between $6 million and $7 million
when it fact it was $21 million."
John son is currently under investigation for taking illegal loans
from Countrywide while serving as CEO of Fannie Mae.
Johnson's Golden Parachute was estimated at $28 Million.
WHERE ARE THEY NOW?
FRANKLIN RAINES? Raines works for the Obama Campaign as Chief Economic
Advisor
TIM HOWARD? Howard is also a Chief Economic Advisor to Obama
JIM JOHNSON? Johnson hired as a Senior Obama Finance Advisor and was
selected to run Obama's Vice Presidential Search Committee
IF OBAMA PLANS ON CLEANING UP THE MESS - HIS ADVISORS HAVE THE
EXPERTISE -
THEY MADE THE MESS IN THE FIRST PLACE. Would you trust the men who
tore Wall Street down to build the New Wall Street ?
[/quote]
By 2005 when the senate tried to reform Fannie and Freddie with S190, Obama, Clinton, Dodd, all had taken over 100k in pac money from Fannie and Freddie and they and the House clowns Frank, Pelosi, Waters, were defending to the death the subprime loans, 100+% financing, and desktop brokerages that were quote " making home ownership possible for tens of thousand who couldn't get them before. Gee in hindsight now everyone who paid gets to pay again and again while these Awholes demogog about who's fault it is. Its time for the revolution and they republicans included should be lined up and shot.
Big Bull keeps the faith!!! |
| |
| | |
Supreme Being
Group: Forum Members
Last Login: Today @ 4:31:56 PM
Posts: 3,685, Visits: 34,674 |
| Subject: A Texan Applying For A Job
A Texan Applying For A Job
An ex fighter pilot, having applied to join the Muleshoe, Texas police force,
is being interviewed. The Chief says, 'Your qualifications are first-class but
there is one test that you must pass before I can hire you.'
Sliding a small bag across the desk, he continues, 'Take this gun with three
bullets and go out and shoot six illegal immigrants, six Obama delegates,
and a rabbit.'
The ex Fighter pilot asks, 'Why the rabbit?'
'Fantastic attitude!' says the Chief, 'When can you start?'
|
| |
| | | |
|