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Originally posted by TheImmaculateD1
reply to post by macman
I know the doc better then most so in this regard what I say is right because it happens to be 100% factual and not some idiotic spun propaganda and is fact!
The reason for this thread was a misconception that has already been disproven!
Watch the speech on YouTube and take the political blinders off for awhile and see for yourself the innate reason for this.edit on 8-12-2011 by TheImmaculateD1 because: (no reason given)
Originally posted by TheImmaculateD1
reply to post by macman
So when does the parents start getting billed for WiFi usage during school by the kids or when does the bills start showing up in parents mailboxes for kid's internet access during school via the school infrastructure? When?edit on 8-12-2011 by TheImmaculateD1 because: (no reason given)
Originally posted by GeorgiaGirl
Well, I talked to the founders and they said Obama was wrong.
No one can deny it...Obama's agenda is clear. He is definitely wanting to "fundamentally transform America", as he said during the last election.
Seriously, have you ever heard of someone so arrogant? He knows better than our founding fathers. Maybe he could go somewhere else and found something, then. Warren Buffet can join him, and become Secretary of the Treasury. Buffett can make the first donation.edit on 7-12-2011 by GeorgiaGirl because: Clarify pronouns
Originally posted by TheImmaculateD1
Can you or anyone possibly explain why an American having a decent job is this evil and Satanical thing
have you ever heard of someone so arrogant?
The Federal National Mortgage Association, which had been created in 1938 to fill the void left by bank failures, functioned by purchasing home loans from independent originators known as mortgage bankers. Fannie Mae, as it was later called, acted like a giant national bank, financing mortgages from all over the country. At that time, it did not issue any mortgage securities. Instead, it funded its holdings by issuing bonds, as an agency of the federal government. To get Fannie Mae debt off its books, the government privatized it by selling shares to investors. The government may have retained an implicit promise not to allow Fannie Mae to fail, but this implicit promise appeared nowhere on the government’s balance sheet.
Selling Fannie Mae, however, still left the government issuing debt to finance mortgages under loan programs of the Federal Housing Administration (fha) and the Veterans Administration (va). To take these mortgage loans off the books, Johnson created the Government National Mortgage Association (gnma), which pooled loans insured byfha-va into securities and sold them to investors. Thus, the government no longer had to issue its own bonds to finance these mortgages, but it continued to guarantee that fha-va mortgages would not default.