Home › Forums › Financial Markets/Economics › Dianne Feinstein’s Response to the Bailout
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September 29, 2008 at 1:19 AM #277264September 29, 2008 at 1:27 AM #276948CA renterParticipant
AS for NAR’s involvement:
First, the FHA portion of the bailouts:
In a press release last week, the National Association of Realtors’ own president applauded Bush’s FHA mortgage bailout proposal, admitting that the Association has been pushing for this bailout since early 2007. If the NAR continues to have its way, taxpayers will all be forced to clean up the huge mess that the realtors helped to create.
Why the NAR Has So Much Political Influence
The National Association of Realtors Political Action Committee (RPAC) is among the largest trade association PACs.
RPAC contributed $3,752,005 in 2006 to federal candidates (49% to Democrats and 51% to Republicans).
RPAC also raised $1,716,960 in political contributions in 2006 (from individual donors giving $200 or more).http://efinancedirectory.com/articles/NAR_Admits_to_Initiating_Bush’s_Mortgage_Bailout_Plan.html
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Daily Real Estate News | September 22, 2008
NAR Gets Behind Efforts to Restore MarketThe NATIONAL ASSOCIATION OF REALTORS® on Monday gave its support to the ongoing bipartisan efforts to finalize a financial bailout plan.
The proposed plan would allow the Treasury to buy questionable mortgage loans from U.S. and foreign-owned banks. At a potential cost of as much a $700 billion, the bailout package aims to repair U.S. financial markets and keep mortgages flowing to consumers.
“NAR will work diligently with Congress and the administration to achieve these goals as well as the broader goal of reforming the housing finance system,” he said.
Source: Washington Post, NATIONAL ASSOCIATION OF REALTORS®
http://www.realtor.org/rmodaily.nsf/pages/News2008092201?OpenDocument
September 29, 2008 at 1:27 AM #277205CA renterParticipantAS for NAR’s involvement:
First, the FHA portion of the bailouts:
In a press release last week, the National Association of Realtors’ own president applauded Bush’s FHA mortgage bailout proposal, admitting that the Association has been pushing for this bailout since early 2007. If the NAR continues to have its way, taxpayers will all be forced to clean up the huge mess that the realtors helped to create.
Why the NAR Has So Much Political Influence
The National Association of Realtors Political Action Committee (RPAC) is among the largest trade association PACs.
RPAC contributed $3,752,005 in 2006 to federal candidates (49% to Democrats and 51% to Republicans).
RPAC also raised $1,716,960 in political contributions in 2006 (from individual donors giving $200 or more).http://efinancedirectory.com/articles/NAR_Admits_to_Initiating_Bush’s_Mortgage_Bailout_Plan.html
——————————-
Daily Real Estate News | September 22, 2008
NAR Gets Behind Efforts to Restore MarketThe NATIONAL ASSOCIATION OF REALTORS® on Monday gave its support to the ongoing bipartisan efforts to finalize a financial bailout plan.
The proposed plan would allow the Treasury to buy questionable mortgage loans from U.S. and foreign-owned banks. At a potential cost of as much a $700 billion, the bailout package aims to repair U.S. financial markets and keep mortgages flowing to consumers.
“NAR will work diligently with Congress and the administration to achieve these goals as well as the broader goal of reforming the housing finance system,” he said.
Source: Washington Post, NATIONAL ASSOCIATION OF REALTORS®
http://www.realtor.org/rmodaily.nsf/pages/News2008092201?OpenDocument
September 29, 2008 at 1:27 AM #277223CA renterParticipantAS for NAR’s involvement:
First, the FHA portion of the bailouts:
In a press release last week, the National Association of Realtors’ own president applauded Bush’s FHA mortgage bailout proposal, admitting that the Association has been pushing for this bailout since early 2007. If the NAR continues to have its way, taxpayers will all be forced to clean up the huge mess that the realtors helped to create.
Why the NAR Has So Much Political Influence
The National Association of Realtors Political Action Committee (RPAC) is among the largest trade association PACs.
RPAC contributed $3,752,005 in 2006 to federal candidates (49% to Democrats and 51% to Republicans).
RPAC also raised $1,716,960 in political contributions in 2006 (from individual donors giving $200 or more).http://efinancedirectory.com/articles/NAR_Admits_to_Initiating_Bush’s_Mortgage_Bailout_Plan.html
——————————-
Daily Real Estate News | September 22, 2008
NAR Gets Behind Efforts to Restore MarketThe NATIONAL ASSOCIATION OF REALTORS® on Monday gave its support to the ongoing bipartisan efforts to finalize a financial bailout plan.
The proposed plan would allow the Treasury to buy questionable mortgage loans from U.S. and foreign-owned banks. At a potential cost of as much a $700 billion, the bailout package aims to repair U.S. financial markets and keep mortgages flowing to consumers.
“NAR will work diligently with Congress and the administration to achieve these goals as well as the broader goal of reforming the housing finance system,” he said.
Source: Washington Post, NATIONAL ASSOCIATION OF REALTORS®
http://www.realtor.org/rmodaily.nsf/pages/News2008092201?OpenDocument
September 29, 2008 at 1:27 AM #277257CA renterParticipantAS for NAR’s involvement:
First, the FHA portion of the bailouts:
In a press release last week, the National Association of Realtors’ own president applauded Bush’s FHA mortgage bailout proposal, admitting that the Association has been pushing for this bailout since early 2007. If the NAR continues to have its way, taxpayers will all be forced to clean up the huge mess that the realtors helped to create.
Why the NAR Has So Much Political Influence
The National Association of Realtors Political Action Committee (RPAC) is among the largest trade association PACs.
RPAC contributed $3,752,005 in 2006 to federal candidates (49% to Democrats and 51% to Republicans).
RPAC also raised $1,716,960 in political contributions in 2006 (from individual donors giving $200 or more).http://efinancedirectory.com/articles/NAR_Admits_to_Initiating_Bush’s_Mortgage_Bailout_Plan.html
——————————-
Daily Real Estate News | September 22, 2008
NAR Gets Behind Efforts to Restore MarketThe NATIONAL ASSOCIATION OF REALTORS® on Monday gave its support to the ongoing bipartisan efforts to finalize a financial bailout plan.
The proposed plan would allow the Treasury to buy questionable mortgage loans from U.S. and foreign-owned banks. At a potential cost of as much a $700 billion, the bailout package aims to repair U.S. financial markets and keep mortgages flowing to consumers.
“NAR will work diligently with Congress and the administration to achieve these goals as well as the broader goal of reforming the housing finance system,” he said.
Source: Washington Post, NATIONAL ASSOCIATION OF REALTORS®
http://www.realtor.org/rmodaily.nsf/pages/News2008092201?OpenDocument
September 29, 2008 at 1:27 AM #277269CA renterParticipantAS for NAR’s involvement:
First, the FHA portion of the bailouts:
In a press release last week, the National Association of Realtors’ own president applauded Bush’s FHA mortgage bailout proposal, admitting that the Association has been pushing for this bailout since early 2007. If the NAR continues to have its way, taxpayers will all be forced to clean up the huge mess that the realtors helped to create.
Why the NAR Has So Much Political Influence
The National Association of Realtors Political Action Committee (RPAC) is among the largest trade association PACs.
RPAC contributed $3,752,005 in 2006 to federal candidates (49% to Democrats and 51% to Republicans).
RPAC also raised $1,716,960 in political contributions in 2006 (from individual donors giving $200 or more).http://efinancedirectory.com/articles/NAR_Admits_to_Initiating_Bush’s_Mortgage_Bailout_Plan.html
——————————-
Daily Real Estate News | September 22, 2008
NAR Gets Behind Efforts to Restore MarketThe NATIONAL ASSOCIATION OF REALTORS® on Monday gave its support to the ongoing bipartisan efforts to finalize a financial bailout plan.
The proposed plan would allow the Treasury to buy questionable mortgage loans from U.S. and foreign-owned banks. At a potential cost of as much a $700 billion, the bailout package aims to repair U.S. financial markets and keep mortgages flowing to consumers.
“NAR will work diligently with Congress and the administration to achieve these goals as well as the broader goal of reforming the housing finance system,” he said.
Source: Washington Post, NATIONAL ASSOCIATION OF REALTORS®
http://www.realtor.org/rmodaily.nsf/pages/News2008092201?OpenDocument
September 29, 2008 at 1:29 AM #276953CA renterParticipantWhat we don’t have…is a lobbying group that represents taxpayers and regular citizens.
September 29, 2008 at 1:29 AM #277210CA renterParticipantWhat we don’t have…is a lobbying group that represents taxpayers and regular citizens.
September 29, 2008 at 1:29 AM #277228CA renterParticipantWhat we don’t have…is a lobbying group that represents taxpayers and regular citizens.
September 29, 2008 at 1:29 AM #277262CA renterParticipantWhat we don’t have…is a lobbying group that represents taxpayers and regular citizens.
September 29, 2008 at 1:29 AM #277274CA renterParticipantWhat we don’t have…is a lobbying group that represents taxpayers and regular citizens.
September 29, 2008 at 10:00 AM #277028crParticipantI got this same response.
The difference between democrats and republicans is non-existant anymore.
Politicians now are either corrupt or not, and from either side of the aisle.
I’m insulted by this threat of economic meltdown if we “fail to act”. These people let it get to this, and now they threaten us with more lies?
Sadly all we can really do is voice our opinion and hope some form of it actually makes it to our “representatives” or vote against anyone who supports the bailout.
September 29, 2008 at 10:00 AM #277286crParticipantI got this same response.
The difference between democrats and republicans is non-existant anymore.
Politicians now are either corrupt or not, and from either side of the aisle.
I’m insulted by this threat of economic meltdown if we “fail to act”. These people let it get to this, and now they threaten us with more lies?
Sadly all we can really do is voice our opinion and hope some form of it actually makes it to our “representatives” or vote against anyone who supports the bailout.
September 29, 2008 at 10:00 AM #277303crParticipantI got this same response.
The difference between democrats and republicans is non-existant anymore.
Politicians now are either corrupt or not, and from either side of the aisle.
I’m insulted by this threat of economic meltdown if we “fail to act”. These people let it get to this, and now they threaten us with more lies?
Sadly all we can really do is voice our opinion and hope some form of it actually makes it to our “representatives” or vote against anyone who supports the bailout.
September 29, 2008 at 10:00 AM #277335crParticipantI got this same response.
The difference between democrats and republicans is non-existant anymore.
Politicians now are either corrupt or not, and from either side of the aisle.
I’m insulted by this threat of economic meltdown if we “fail to act”. These people let it get to this, and now they threaten us with more lies?
Sadly all we can really do is voice our opinion and hope some form of it actually makes it to our “representatives” or vote against anyone who supports the bailout.
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