Fannie Mae/NY Times
Posted By: Fannie on 2008-10-14
In Reply to:
Check out the date on this. Of course, this came as no surprise to me. It's surprising to ever find an objective article from the NY Times, but sometimes they surprise us.
Fannie Mae Eases Credit To Aid Mortgage Lending
By STEVEN A. HOLMES
Published: September 30, 1999
In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.
The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.
Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.
In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates -- anywhere from three to four percentage points higher than conventional loans.
''Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements,'' said Franklin D. Raines, Fannie Mae's chairman and chief executive officer. ''Yet there remain too many borrowers whose credit is below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.''
Demographic information on these borrowers is sketchy. But at least one study indicates that 18 percent of the loans in the subprime market went to black borrowers, compared to 5 per cent of loans in the conventional loan market.
In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's.
''From the perspective of many people, including me, this is another thrift industry growing up around us,'' said Peter Wallison a resident fellow at the American Enterprise Institute. ''If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.''
Under Fannie Mae's pilot program, consumers who qualify can secure a mortgage with an interest rate one percentage point above that of a conventional, 30-year fixed rate mortgage of less than $240,000 -- a rate that currently averages about 7.76 per cent. If the borrower makes his or her monthly payments on time for two years, the one percentage point premium is dropped.
Fannie Mae, the nation's biggest underwriter of home mortgages, does not lend money directly to consumers. Instead, it purchases loans that banks make on what is called the secondary market. By expanding the type of loans that it will buy, Fannie Mae is hoping to spur banks to make more loans to people with less-than-stellar credit ratings.
Home ownership has, in fact, exploded among minorities during the economic boom of the 1990's. The number of mortgages extended to Hispanic applicants jumped by 87.2 per cent from 1993 to 1998, according to Harvard University's Joint Center for Housing Studies. During that same period the number of African Americans who got mortgages to buy a home increased by 71.9 per cent and the number of Asian Americans by 46.3 per cent.
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More on Fannie Mae/Freddie Mac...
Freddie found itself in Justice Department crosshairs in 2003, after it finally admitted to years of accounting schemes to underreport its earnings...to the tune of $5 billion. Freddie paid a $125 million fine to federal regulators, more than $400 million in shareholder lawsuit settlements, and $3.8 million in civil fines to settle Federal Election Commission charges of improper political fundraising.
Freddie's creative accounting was nothing compared to Fannie's. As determined by two separate federal reports in 2004 and 2006, Fannie Mae out-and-out cooked the books so the bigwigs at the top could rake in millions in windfall profits. The Washington Post reports that Fannie misstated its earnings by about $10.6 billion from 1998 through 2004. all so fraudulent multimillion dollar bonuses could kick in for Fannhie's bigwigs.
Those Fannie Mae bigwigs who cashed in on the cooked books? Chairman Franklin Raines, Bill Clinton's OMB director...A whopping $52 million. Vice Chair Jamie Gorelick (remember her from the 9-11 Commission hearings), Clinton's deputy ATTORNEY GENERAL, $15 million. Chairman and Chief Executive James A. Johnson, liberal lobbyist (the one who was kicked off Obama's VP vetting committee...looks like they should have vetted their committee) due to his role in the Countrywide financial scandal...$1.9 million. Raines and the CFO of Fannie Mae were ousted.
Dems, loathe to clean up Fannie and Freddie houses even though Greenspan said preventitive action needed to be taken "sooner than later," came up with a "reform bill" in early 2005. The Department of Housing and Urban Development (HUD) mandated that Fannie and Freddie had to start handing out mortgages to "minority and moderate income buyers." Whether these new customers were creditworthywas of little concern; Congress had race and bean-counting to achieve. And now they basically owned half of the US housing market.
And now the American taxpayer is bailing out BOTH of these companies.
Is Fannie Mae/Freddie Mac the Democrat's Enron? Sure looks like it to me.
And incidentally, Franklin Raines has been advising the Obama campaign on the mortgage and housing issues....ahem.
Fannie Mae's CEO & Obama
Fannie Mae's CEO (Daniel Mudd) calls Obama and the Democrats the "Family" and "Conscience" of Fannie Mae.
The recent bank failures were caused by the Housing Crisis, which was caused by Mortgage Lenders handing out BILLIONS of Dollars in bad loans and the biggest offenders: Fannie Mae and Freddie Mac.
The "Family" and "Conscience" of Fannie Mae and Congress, THE DEMOCRATS, failed miserably and now WE the Tax Payers are stuck paying for their screw-ups.
www.youtube.com/watch?v=usvG-s_Ssb0
Fannie Mae and Freddie Mac are semi-private lending institutions crated by the Clinton administration and the Congressional Democrats, designed to make mortgages available and more affordable to more people and to act as moderators for the mortgage industry. They DO NOT follow the same STRICT government regulations that other lenders must follow. They have huge MULTI-MILLION dollars budgets to lobby congress and to pay large political contributions to keep regulators off their backs.
The TOP THREE U.S. Senators getting BIG political contributions from Fannie Mae and Freddie Mac are DEMOCRATS and the #2 recipient was none other than BARACK OBAMA.
1. Sen. Christopher Dodd (D-CT).. $165,400 (Chairman of Senate Banking Committee)
2. Sen. Barack Obama (D-IL)....... $126,349 (Only 4 yrs in the Senate)
3. Sen. John Kerry (D-MA).......... $111,000 What is it about Barack Obama that makes him the #2 recipient of pay-offs even ahead of John Kerry and others, even though he is only a Freshman in the Senate?
Many Washington Democrats have gone to work at Fannie and Freddie after leaving Washington and have mad MILLIONS of Dollars in the process.
As early as 2005 the Congressional Black Caucus and Barack Obama KNEW that Fannie Mae was failing but "THE FAMILY" Democrats and OBAMA took payoffs to do NOTHING about it.
Obama was in the room during this speech. He heard about the problems that faced Fannie Mae and yet he did NOTHING about it.
During the THREE years following the day when he heard this speech about Fannie Mae's problems, Obama received $126,349 in payoffs from Fannie Mae to keep quiet and DO NOTHING about their disastrous lending practices. Now Obama blames John McCain for the Housing Crisis and the bank failu res and says that HE can fix it.
Fannie Mae and Freddie Mac got a Federal bailout when it became obvious that they were bankrupt. Yet the Federal Government allowed Lehman Brothers to collapse pushing our economy over the edge.
Obama has been attacking McCain and Republican policies for the current financial turmoil. However, "...Senator Obama was at the head of the line when the piggies lined up at the Fannie and Freddie trough for campaign bucks."
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We own AIG, Fannie and Freddie
Maybe the international community wants their money back now. Maybe that is why credit markets are frozen. Since AIG and Fannie and Freddie are backed by the full faith and credit of the United States, the world is lining up for their securitized mortgages to be repaid.
Maybe this bailout is not to buy up bad debt, but to pay off bad debt the government has already bought, insured, and now needs to ask us money for to pay. WE ARE BEING LIED TO AGAIN!
freddie and fannie
SHOT IN THE FANNIE MAE
The History of a Financial Disaster
1997
Fannie Mae is a GSE (Govt. Sponsored Entity) regulated by Congress.
Fannie Mae buys mortgages from other companies.
It is backed by the taxpayers for all losses, but keeps all profits.
President Clinton loosens Home Loan Requirements.
1998
Banks begin making thousands of bad loans,0 down, no documentation, for 120%! (1998 – 2008).
Executives at Fannie receive huge bonuses if loan targets are met.
Franklin Raines and Jamie Garelick from the Clinton Administration are appointed to run Fannie Mae.
2003
President Bush proposes a new oversight committee to clean up Fannie Mae, but Democrats derail the effort.
Rep. Melvyn Watt, (D-NC) Committee on Financial Institutions & Consumer Credit. stated, "I don’t see much other than weakening the bargaining power poorer families to get affordable housing."
1999 - 2004
Raines earns $100 million in bonuses.
Garelick earns $75 million in bonuses.
In 2004, Enron collapses, congress investigates, Executives Skilling & Lay go to jail, for fraudulent bookkeeping.
Congress responds with the Sorbanes-Oxley Act, more heavy regulation of corporations.
2004
An OMB investigation finds massive fraudulent bookkeeping at Fannie Mae.
False numbers triggered executive bonuses every year.
Congress holds no hearings, no one goes to jail, or is punished.
WHY NOT?
1999 -2005
Fannie Mae gives millions to Democratic causes, examples: Jesse Jackson & ACORN.
Fannie Mae pays millions to 354 congressmen and senators, from both parties.
Who got the most money?
Top 4 Recipients
Top 4 Recipients
2005
Franklin Raines & top execs are forced to resign from Fannie Mae.
They do not go to jail.
There is no media "perp. walk."
They keeps all of their bonuses
They finally pay $31.4 million in civil fines.
2005
The Federal Housing Enterprise Regulatory Reform Act is sponsored by:
2005
None of the top 4 recipients support the legislation.
The reform act is blocked by Democrats, never even making it out of committee.
None of the politicians return any of the money, tainted by fraud.
2008
Fannie Mae & Freddie Mac go bankrupt and the govt. takes them over completely.
Lehman Brothers, goes bankrupt from investing in bad mortgages.
AIG get $85 million in loan guarantees, after insuring bad loans & projects.
Taxpayers will ultimately pay BILLIONS.
2008
Franklin Raines is now an advisor to the Obama Campaign which wants the govt. to take over more of the economy.
Did government involvement in the mortgage market work out?
How will even MORE government involvement make it better? Do you want to be Sweden?
McCain favors revising regulations & loan standards, selling off Fannie & Freddie.
SOURCES
Congressional Record, 5/25/06
"Hannity & Colmes," Fox News, 9/16-9/17/08
Herald Tribune, 4/18/08
New York Times, 9/13/03
www. govtrack.com, 9/17/08
Obama on Freddie and Fannie
http://my.barackobama.com/page/community/post/stateupdates/gG5WlF
Fannie CEO is Daniel Mudd
http://ap.google.com/article/ALeqM5gPfdSGL82ufTASVrfgCbKslcCYPgD92M2NI03
Bush orchestrated Fannie Mae F-up
The former chief executive officer of Fannie Mae says the Bush administration helped orchestrate an accounting scandal that cost him his job and that he wants to use White House documents to defend himself in a shareholder lawsuit.
Franklin Raines, who served as President Clinton's budget director, argues in court documents that the Bush administration felt the government-chartered agency wielded too much power in the mortgage industry. His attorneys say the White House pushed regulators to weaken Fannie Mae and triggered a $6 billion accounting scandal.
Raines subpoenaed the White House for documents in July. Justice Department lawyers will go before a federal judge Thursday to fight it.
Relying primarily on articles by financial journalists and the testimony of industry analysts, Raines describes in court documents an unofficial task force dubbed "Noriega" that was formed to weaken Fannie Mae and drive down its stock price.
Fannie Mae is the largest U.S. buyer and backer of home loans. It was created by Congress but is publicly traded. Raines says the Bush administration wanted to undermine confidence in the agency so it could push for tighter government controls.
McCain and Fannie and Freddie
Contributions from Fannie and Freddie's boards of directors and lobbyists, who are technically not employees. That analysis found Fannie and Freddie-related contributors gave $169,000 to John McCain and his related committees, compared with $16,000 to Obama and his related committees.
The other money Obama received was from employees and their families, not the corporation.
http://www.politifact.com/truth-o-meter/statements/727/
You think O is a good guy? He profited from Fannie
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Dems and the Fannie Mae/Freddie Mac fiasco...
Collapse or the Democrat Swindle of the U.S. Taxpayer
In 2006 an election year, the Democrats were still trying to lay the Enron scandal on Bush and the Republicans. With the help of the press a cover up of a larger financial scandal was taking place. A scandal that we are paying for today. In 2006 a 3 year investigation into fraud at Fannie Mae was concluded. It revealed a level of financial misconduct by Franklin Raines, Jamie Gorelick, and others that grossly overstated earnings by 10.6 Billion dollars. To gain bonuses.
For those who don't know both Raines and Gorelick were high ranking officials in the Clinton Administration.
http://www.opensecrets.org/news/2008/07/top-senate-recipients-of-fanni.html
http://eddriscoll.com/archives/013595.php
Hillary supporter's take on fannie/freddie....
I hope you haven’t just eaten, because what you are about to read will disturb you–and well it should. It’s proof that John McCain foresaw the Freddie Mac, Fannie Mae disaster in 2006– and tried against all Obama-Like minds to ward it off.
Below are John McCain’s remarks urging the passage of the Federal Housing Enterprise Regulatory Reform Act of 2005, which he co-sponsored and which was rendered “Dead” in Congress.
Guess who prevailed and didn’t take heed? Or more appropriately, guess who deliberately “looked the other way”?
This is all we need to know to understand exactly WHICH candidate in this election is willing to break some eggs when it comes to Fannie Mae and Freddie Mac–two organizations that, with the help of certain Democrats, deliberately redistributed wealth the easy way. Now we are all paying for it, as intended all along. Just as John McCain warned below.
As we view the carnage, this is all we need to know to understand exactly WHICH candidate foresaw this carnage we are witnessing, and which candidate worked to convince the other candidate to help avoid it. It is all we need to know to recognize exactly WHICH candidate had the right judgment and was looking out for the rest of us.
Joe Biden? It’s time for US to be Patriotic? No. It’s time for YOU to be patriotic. In fact, it’s too late. As for you saying, “It’s time to be part of the deal”. We want no part of this “deal”. And what a “deal” it was!
May 26, 2006
Mr. President, this week Fannie Mae’s regulator reported that the company’s quarterly reports of profit growth over the past few years were “illusions deliberately and systematically created” by the company’s senior management, which resulted in a $10.6 billion accounting scandal.
The Office of Federal Housing Enterprise Oversight’s report goes on to say that Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets in order to trigger bonuses for senior executives. In the case of Franklin Raines, Fannie Mae’s former chief executive officer, OFHEO’s report shows that over half of Mr. Raines’ compensation for the 6 years through 2003 was directly tied to meeting earnings targets. The report of financial misconduct at Fannie Mae echoes the deeply troubling $5 billion profit restatement at Freddie Mac.
The OFHEO report also states that Fannie Mae used its political power to lobby Congress in an effort to interfere with the regulator’s examination of the company’s accounting problems. This report comes some weeks after Freddie Mac paid a record $3.8 million fine in a settlement with the Federal Election Commission and restated lobbying disclosure reports from 2004 to 2005. These are entities that have demonstrated over and over again that they are deeply in need of reform.
For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac–known as Government-sponsored entities or GSEs–and the sheer magnitude of these companies and the role they play in the housing market. OFHEO’s report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO’s report solidifies my view that the GSEs need to be reformed without delay.
Quick Info
S-90 Federal Housing Enterprise Regulatory Reform Act of 2005
Last Action: Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
Status: Dead
I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190,to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.
I urge my colleagues to support swift action on this GSE reform legislation.
Update: Well looky here. Here’s a glowing Wall Street piece on Obama, written in June 2008. You would think Mr. “Regulator” Obama really is Jesus looking out for us! But…..here’s the paragraph that hooked me–the paragraph that haunts today:
He characterized the senator as a quick study on financial services, citing his early support of efforts by Senate Banking Committee Chairman Chris Dodd and House Financial Services Committee Chairman Barney Frank to empower the Federal Housing Administration to help struggling homeowners.
Oh they “empowered” all right. The Democrats killed this bill while Dodd, Frank and Obama fiddled and helped Fannie and Freddie cook their books, continue to tank, all the while keeping the regulators out of their way. These are the guys who killed the bill that McCain fought for. The bill that would have avoided the financial disaster we witnessed during the past two weeks. In the meantime, take a look at which senators were feeding at the Fannie Mae/Freddie Mac trough. My party is not what it used to be. My party has not only let me down, but it has also screwed me and my country in the process.
Note: All of these facts can be independently confirmed if you are interested in the truth of this matter.
More on Barney Frank and fannie/freddie...
http://www.businessandmedia.org/printer/2008/20080924145932.aspx
you tube video on freddy and fannie
Fannie/Freddie going to cost 7 billion...
if we are lucky.
Thank the dems for defending Freddie, Fannie,etc.
nm
Freddie and Fannie were questioned years ago for
nm
Dems are the real cause of Fannie and Freddie
nm
That's because Fannie and Freddie are in his back pocket
He received a lot of money from both places. Would you go against them if you get large election donations and low housing costs with cheap mortages? I don't think so. That's why he has to go. He is just as corrupt as the others.
McCain saw Fannie/Freddie coming in 2005...
and sponsored legislation which the Democrats blocked.
John McCain did anticpate the problems with GSEs and see them as a systemic financial problem. He even sponsored legislation to deal with it, and this is what he said:
"I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole."
McCain deserves credit for being on the right side of this. Meanwhile, Obama in just four years in the Senate raked more contributions from Fannie and Freddie than any other Senator in the last 19 years — save Chris Dodd, who's pretty demonstrably in the pocket of Big Mortgage.
Fannie and Freddie....Barney Frank, Chris Dodd...
you left them off your list. The two MAJOR players. Who got the most donations from fannie/freddie? Barack Obama and Chris Dodd. Obama got more from them in his 3 years than other senators did in 20. You do the math and follow the money.
Foreign investors. China and Russia insisted on Fannie Mac bail out.
dd
LA times
Everyone knows the L.A. Times is a liberal rag.
How many times?
Really is irrelevant. This woman is being used as a shill for a Marxist/Leninist organization called ANSWER, which has anything but America's interests at heart.
100 times????????
Okay, so when caught lying just spin an even bigger lie.
This is really getting out of hand on this board. All you CONS do is lie. This is crazy.
Okay, so please cite the 100 times I have accused someone of lying. This is your chance to squash us libs once and for all. I am waiting.
Maybe 300 times? nm
How many times have you said ANYthing?
How many times have you used that
just curious
How many times do I have to say this? sm
NO ONE, NOT ANYONE, EVEN A MOTHER OR A FATHER, can renounce a child's American citizenship, ONLY the child at the age of majority, 21, can choose to revoke it. PERIOD! Get it? NO ONE! This is per my brother who is an immigration attorney.
How many times have we seen
reporting that there is nothing to report...over...and over...and over, and repeating the information they DO have over, and over, and over? Going to the suspect's neighborhood, place of worship, high school, etc. trying to interview the ex-wife, parents, other people he knew, speculating like crazy just to fill air time and keep a big story alive? Or investigating the victim of the crime, going to his neighborhood, interview family, etc., to make the victim seem either a saint or a stinker?
The press never takes no for an answer. Denied hard facts from court or cops, they generally just make pests of themselves messing around in the suspect's personal life to find nuggets to report, then blather on and on. But they apparently do not consider this a big story. That they are not following their usual pattern in itself is a big story.
And many, many times...
physical abuse and murder happen without even a trace of slander. Go figure. ;-)
LA Times Article
Great article in opinion section of LA Times (you can get it online). Dated 06/24/2005, "Hustling on K Street" by Jonathan Chait, concerning Bush paying back the lobbyists and big business.
Reps. John Conyers and Maxine Waters are trying to get a meeting going in Congress tomorrow with Republicans joining in this time to debate and discuss the Downing Street Memos. Dont know if it will be covered on C-Span, sure hope so.
Laughter for trying times.
Ain't that the truth!!! ~MJ
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You accused someone several times of something they did not do. sm
And yet you harp on. Have you no shame?
I probably have used third person at times....
Why is it so important to you?
And if you cannot see the obvious differences in writing, well, you appear to be quite ignorant or unobservant or else you are not telling the truth. But that is your problem and I am not going to make it mine!!!
Yes, PK, too many lies too many times
How many times are you going to say the same thing?!
Geesh! Get over it! You already said, "attacking an innocent..." like a million times! Wow! Move on to the next story already!
No, that would be you......several times today and beyond...nm
z
I don't dismiss. How many times have I said...
that all of us should vote for who we feel is best for the country? How is that dismissing? Yes, I am conservative, have always been conservative. I have not changed...the parties have changed. That is why I am now independent..independent of any party. That is how I view being an independent. You have to register as SOMETHING to vote in national elections...and independent most closely defines me at this point, not republican or democrat.
From Asia Times
http://www.atimes.com/atimes/Front_Page/JI03Aa02.html
How many times are you going to reply
about my name, does it bother you this much? You really got too much time on your hands!
Tough times
Notice what affilitation the top 6 are! - N wonder they don't care if we're in a recession.
http://www.mcclatchydc.com/226/story/54838.html
Messiah-end times
If after reading this email you disagree, Please, no need to reply back to me. Your opinion is yours and that's fine, just delete it.
*******************************
A lot of Americans have become so insulated from reality that they imagine that America can suffer defeat without any inconvenience to themselves.
Pause a moment, reflect back.
These events are actual events from history..
They really happened!!!
Do you remember?
1. 1968 Bobby Kennedy was shot and killed by a Muslim male extremist.
2. In 1972 at the Munich Olympics, athletes were kidnapped and massacred by Muslim male extremists.
3. In 1979, the US embassy in Iran was taken over by Muslim male extremists.
4. During the 1980's a number of Americans were kidnapped in Lebanon by Muslim male extremists.
5. In 1983, the US Marine barracks in Beirut was blown up by Muslim male extremists.
6. In 1985 the cruise ship Achille Lauro was hijacked and a 70 year old American passenger was murdered and thrown overboard in his wheelchair by Muslim male extremists.
7. In 1985 TWA flight 847 was hijacked at Athens , and a US Navy diver trying to rescue passengers was murdered by Muslim male extremists.
8. In 1988 , Pan Am Flight 103 was bombed by Muslim male extremists.
9. In 1993 the World Trade Center was bombed the first time by Muslim male extremists.
10. In 1998, the US embassies in Kenya and Tanzania were bombed by Muslim male extremists.
11. On 9/11/01 , four airliners were hijacked; two were used as missiles to take down the World Trade Centers and of the remaining two, one crashed into the US Pentagon and the other was diverted and crashed by the passengers. Thousands of people were killed by Muslim male extremists.
12. In 2002 the United States fought a war in Afghanistan against Muslim male extremists.
13. In 2002 reporter Daniel Pearl was kidnapped and murdered by-- you guessed it-- Muslim male extremists..
No, I really don't see a pattern here to justify profiling, do you? So, to ensure we Americans never offend anyone, particularly fanatics intent on killing us, airport security screeners will no longer be allowed to profile certain people... Absolutely No Profiling!
They must conduct random searches of 80-year-old women, little kids, airline pilots with proper identification, secret agents who are members of the President's security detail, 85-year old Congressmen with metal hips, and Medal of Honor winner and former Governor Joe Foss, but leave Muslim Males alone lest they be guilty of profiling.
According to The Book of Revelations:
The Anti-Christ will be a man, in his 40s, of MUSLIM descent, who will deceive the nations with persuasive language, and have a MASSIVE Christ-like appeal....the prophecy says that people will flock to him and he will promise false hope and world peace, and when he is in power, he will destroy everything.
And Now:
For the award winning Act of Stupidity Of all times the People of America want to elect, to the most Powerful position on the face of the Planet -- The Presidency of the United states of America ... A Male of Muslim descent who is the most extremely liberal Senator in Congress (in other words an extremist) and in his 40s.
Have the American People completely lost their Minds, or just their Power of Reason ???
I'm sorry but I refuse to take a chance on the 'unknown' candidate Obama...
Let's send this to as many people as we can so that the Gloria Aldreds and other stupid attorneys along with Federal Justices that want to thwart common sense, feel ashamed of themselves -- if they have any such sense.
As the writer of the award winning story 'Forrest Gump' so aptly put it,
'Stupid Is As Stupid Does'
Each opportunity that you have to send it to a friend or media outlet....do it!
or again. . just delete if you disagree.
Think of times someone has made fun of you.
nm
Because, as has been pointed out, several times here....
he is still in charge. Obama isn't even in the White House yet, but you seem to think it's fine and dandy to talk about him. I can see Russia from my house, also.
How many times in the last 8 years did
a chance to succeed? You used the phrase "last 8 years" or "8 years ago" 5 times in your post and President's Bush's name 4 times. It is not just you, most people say "for the last 7-1/2 years" or last 8 years, etc. To me that means that they never gave our current president a chance and have never respected him or his office. However, these same people expect everyone who did not vote for Obama to instantly forget everything we have learned about him and fall at his feet. Well, some of us are not drunk on his Kool-Aid and he has to earn our respect.
GP - how many times do we have to repeat
It is a project of the Annenberg Public Policy Center and is funded by the Annenberg Foundation. Obama, Bill Ayers, and Factcheck.org all have ties to the Annenberg Foundation.
Obama has ties to Factcheck.org. In 1995 Obama was appointed Board Chairman and President of the Annenberg Chicago Challenge - A branch of the Annenberg Foundation.
Factcheck.org is part of the Annenberg Foundation. Factcheck was also chosen by the Obama campaign as the arbitrar of Obama's birth certificate.
Anyone can put two and two together and see that Obama and The Annenberg Foundation pays Factcheck.org to put out the false information.
Factcheck claims it has "verified" the O's bc, but other sites has found several inconsistencies which call into question whether the certificate is authentic.
Before you tell anyone they should quit reading blogs that have any useful information, you should not be citing a website that is clearly misleading people and feeding them false information, and that is paid for by the Annenberg Foundation which = Obama.
LOL....more like 3 times a night...(sm)
He actually provides enough goofs to keep 2 channels busy -- MSNBC and Comedy Central.
I have to watch O'Reilly. It's like watching a train wreck. How else would I know what Jon Stewart and Colbert and talking about....LOL. 
Personally, I tried 6 times and still
can't get away from them. Even this tax probably won't help. You name it, I've tried it except Chantix (sp) but I need a doctor to prescribe it and I don't have a doctor yet.
My mom smoked until she was 79. Died 4 months later. DH doesn't care if I don't quit after that because his mother died 6 months after she quit. Doesn't make sense, but it did happen.
Because I was corrected a few times on here, that's why. (nm)
.
How many times do we have to explain to you...
Especially since what they have posted is a forgery.
Yeah.......... Times are getting so bad......... sm
criminals are going to have to get jobs!
Good to see you Marmann. I read below of your most recent illness. Sorry to hear that happened but glad to see you are feeling well enough to argue with the rest of us bathrobe pundits!
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