Thread: Watch Paulson spin NOW

Originally Posted by tinybobidaho

Senator Corker just made statements that Paulson needs to come back with a plan before getting the money. Paulson more or less said, he wants the money first and will produce a plan later.

Not NO, but HELL NO!!!

Unacceptable!!! Paulson is hiding something, why else would he be so belligerent. Blind faith will not cut it Paulson. I could come up with a real plan in 10 minutes and I'm not a Harvard or Yale grad. It's called common sense. Listen to the people or resign. Simple as that.

Originally Posted by tinybobidaho

Senator Corker just made statements that Paulson needs to come back with a plan before getting the money. Paulson more or less said, he wants the money first and will produce a plan later.

Not NO, but HELL NO!!!

BOTTOM LINE.....Give us the money and YOU ARE SCREWED!!!!

HERE'S WHERE IT ALL STARTED

Los Angeles Times -- October 1, 1999
Franklin Raines

Fannie Mae Moves to Loosen Home Loan Credit Rules

The nation's largest provider of mortgage funds, moving to increase homeownership among minorities and low-income citizens, unveiled a program Thursday to loosen lending standards for people with "slightly impaired" credit.

The Federal National Mortgage Assn. said it will encourage banks and other financial institutions to accept borrowers with blemished credit who may not otherwise qualify for conventional loans.

The program will begin on a pilot basis in 15 states, including California, and the District of Columbia. It is expected to expand nationwide early next year.

It is designed to provide homeownership opportunities for "many borrowers whose credit is just a notch below qualifying for a loan, said Franklin Raines, Fannie Mae's chairman and chief executive.

http://articles.latimes.com/1999/oct/01 ... s/fi-17374

Originally Posted by Skippy

HERE'S WHERE IT ALL STARTED

Los Angeles Times -- October 1, 1999
Franklin Raines

Fannie Mae Moves to Loosen Home Loan Credit Rules

The nation's largest provider of mortgage funds, moving to increase homeownership among minorities and low-income citizens, unveiled a program Thursday to loosen lending standards for people with "slightly impaired" credit.

The Federal National Mortgage Assn. said it will encourage banks and other financial institutions to accept borrowers with blemished credit who may not otherwise qualify for conventional loans.

The program will begin on a pilot basis in 15 states, including California, and the District of Columbia. It is expected to expand nationwide early next year.

It is designed to provide homeownership opportunities for "many borrowers whose credit is just a notch below qualifying for a loan, said Franklin Raines, Fannie Mae's chairman and chief executive.

http://articles.latimes.com/1999/oct/01 ... s/fi-17374

AND NOW THEY ARE PUSHING FOR US TO PROVIDE WELFARE FOR THE RICH AND YES MAKE SURE THEY GET THEIR BONUS!!!!! I SAY NO!!!

TALK RADIO LIST:

http://www.alipac.us/ftopict-76263.html


U.S. SENATE AND HOUSE CONTACT INFORMATION:

http://www.alipac.us/ftopict-63874.html

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Congressional Switchboard Numbers

800-833-6354
866-340-9281
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866-808-0065
888-355-3588
866-220-0044

Originally Posted by Skippy

HERE'S WHERE IT ALL STARTED

Los Angeles Times -- October 1, 1999
Franklin Raines

Fannie Mae Moves to Loosen Home Loan Credit Rules

The nation's largest provider of mortgage funds, moving to increase homeownership among minorities and low-income citizens, unveiled a program Thursday to loosen lending standards for people with "slightly impaired" credit.

The Federal National Mortgage Assn. said it will encourage banks and other financial institutions to accept borrowers with blemished credit who may not otherwise qualify for conventional loans.

The program will begin on a pilot basis in 15 states, including California, and the District of Columbia. It is expected to expand nationwide early next year.

It is designed to provide homeownership opportunities for "many borrowers whose credit is just a notch below qualifying for a loan, said Franklin Raines, Fannie Mae's chairman and chief executive.

http://articles.latimes.com/1999/oct/01 ... s/fi-17374

There you go. Don't let the Dems fool you. They are all culpable in this. They'll try and use this for the election. But if you fax them make sure you give this type of information to let them know WE KNOW.