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patientrenter
Participant[quote=patb]
well lets force that one.Any entity receiving federal emergency assistance funds, may not
lobby.[/quote]I agree. Let’s get a bill up to the right people on… Capitol Hill. Oops!
Participant[quote=patb]
well lets force that one.Any entity receiving federal emergency assistance funds, may not
lobby.[/quote]I agree. Let’s get a bill up to the right people on… Capitol Hill. Oops!
Participant[quote=patb]
well lets force that one.Any entity receiving federal emergency assistance funds, may not
lobby.[/quote]I agree. Let’s get a bill up to the right people on… Capitol Hill. Oops!
Participant[quote=patb]what allows a government corporation to lobby?
The USDA is not allowed to make donations what makes it legal for
GoCo’s and Banks to use federal dollars to lobby?[/quote]Ding! That’s why Fannie and Freddie are so well supported and popular on the Hill. They are 99% govt agencies, but masquerade as private companies just enough to allow a nice flow money to the Hill. A couple of million flows to the good folks on the Hill, and a trillion or two flows back to Fannie and Freddie, which shave off a few hundred million for their politically connected bosses, and pass the rest of the wall of money along to home buyers in poorly underwritten loans designed to boost home prices.
Participant[quote=patb]what allows a government corporation to lobby?
The USDA is not allowed to make donations what makes it legal for
GoCo’s and Banks to use federal dollars to lobby?[/quote]Ding! That’s why Fannie and Freddie are so well supported and popular on the Hill. They are 99% govt agencies, but masquerade as private companies just enough to allow a nice flow money to the Hill. A couple of million flows to the good folks on the Hill, and a trillion or two flows back to Fannie and Freddie, which shave off a few hundred million for their politically connected bosses, and pass the rest of the wall of money along to home buyers in poorly underwritten loans designed to boost home prices.
Participant[quote=patb]what allows a government corporation to lobby?
The USDA is not allowed to make donations what makes it legal for
GoCo’s and Banks to use federal dollars to lobby?[/quote]Ding! That’s why Fannie and Freddie are so well supported and popular on the Hill. They are 99% govt agencies, but masquerade as private companies just enough to allow a nice flow money to the Hill. A couple of million flows to the good folks on the Hill, and a trillion or two flows back to Fannie and Freddie, which shave off a few hundred million for their politically connected bosses, and pass the rest of the wall of money along to home buyers in poorly underwritten loans designed to boost home prices.
Participant[quote=patb]what allows a government corporation to lobby?
The USDA is not allowed to make donations what makes it legal for
GoCo’s and Banks to use federal dollars to lobby?[/quote]Ding! That’s why Fannie and Freddie are so well supported and popular on the Hill. They are 99% govt agencies, but masquerade as private companies just enough to allow a nice flow money to the Hill. A couple of million flows to the good folks on the Hill, and a trillion or two flows back to Fannie and Freddie, which shave off a few hundred million for their politically connected bosses, and pass the rest of the wall of money along to home buyers in poorly underwritten loans designed to boost home prices.
Participant[quote=patb]what allows a government corporation to lobby?
The USDA is not allowed to make donations what makes it legal for
GoCo’s and Banks to use federal dollars to lobby?[/quote]Ding! That’s why Fannie and Freddie are so well supported and popular on the Hill. They are 99% govt agencies, but masquerade as private companies just enough to allow a nice flow money to the Hill. A couple of million flows to the good folks on the Hill, and a trillion or two flows back to Fannie and Freddie, which shave off a few hundred million for their politically connected bosses, and pass the rest of the wall of money along to home buyers in poorly underwritten loans designed to boost home prices.
Participant“who wants to be the smuck that put 20% down?”
As a taxpayer, I don’t want to be that smuck [sic]. So I’d actually like the minimum downpayment on govt-supported loans to be 30-40% until market prices come down closer to stable levels. If we did that, they’d come down in a hurry, and we could move back to 20% quickly, but at a whole new sustainable price level. Yeah, I know, I’ll just dream on. Barney Frank and Dodd and Schumer would never permit it.
Frank, Dodd and Schumer are the guardian angels of the easy housing money industry. As you know, the laws are made in Congress, and these guys made sure that vast amounts of poorly underwritten loans were made through the laws they supported and their power over regulators and companies like Fannie Mae and Freddie Mac. Others in power just went along, or were luke-warm, or are less powerful, but these guys fought like big feral cats for more liberal lending.
Participant“who wants to be the smuck that put 20% down?”
As a taxpayer, I don’t want to be that smuck [sic]. So I’d actually like the minimum downpayment on govt-supported loans to be 30-40% until market prices come down closer to stable levels. If we did that, they’d come down in a hurry, and we could move back to 20% quickly, but at a whole new sustainable price level. Yeah, I know, I’ll just dream on. Barney Frank and Dodd and Schumer would never permit it.
Frank, Dodd and Schumer are the guardian angels of the easy housing money industry. As you know, the laws are made in Congress, and these guys made sure that vast amounts of poorly underwritten loans were made through the laws they supported and their power over regulators and companies like Fannie Mae and Freddie Mac. Others in power just went along, or were luke-warm, or are less powerful, but these guys fought like big feral cats for more liberal lending.
Participant“who wants to be the smuck that put 20% down?”
As a taxpayer, I don’t want to be that smuck [sic]. So I’d actually like the minimum downpayment on govt-supported loans to be 30-40% until market prices come down closer to stable levels. If we did that, they’d come down in a hurry, and we could move back to 20% quickly, but at a whole new sustainable price level. Yeah, I know, I’ll just dream on. Barney Frank and Dodd and Schumer would never permit it.
Frank, Dodd and Schumer are the guardian angels of the easy housing money industry. As you know, the laws are made in Congress, and these guys made sure that vast amounts of poorly underwritten loans were made through the laws they supported and their power over regulators and companies like Fannie Mae and Freddie Mac. Others in power just went along, or were luke-warm, or are less powerful, but these guys fought like big feral cats for more liberal lending.
Participant“who wants to be the smuck that put 20% down?”
As a taxpayer, I don’t want to be that smuck [sic]. So I’d actually like the minimum downpayment on govt-supported loans to be 30-40% until market prices come down closer to stable levels. If we did that, they’d come down in a hurry, and we could move back to 20% quickly, but at a whole new sustainable price level. Yeah, I know, I’ll just dream on. Barney Frank and Dodd and Schumer would never permit it.
Frank, Dodd and Schumer are the guardian angels of the easy housing money industry. As you know, the laws are made in Congress, and these guys made sure that vast amounts of poorly underwritten loans were made through the laws they supported and their power over regulators and companies like Fannie Mae and Freddie Mac. Others in power just went along, or were luke-warm, or are less powerful, but these guys fought like big feral cats for more liberal lending.
Participant“who wants to be the smuck that put 20% down?”
As a taxpayer, I don’t want to be that smuck [sic]. So I’d actually like the minimum downpayment on govt-supported loans to be 30-40% until market prices come down closer to stable levels. If we did that, they’d come down in a hurry, and we could move back to 20% quickly, but at a whole new sustainable price level. Yeah, I know, I’ll just dream on. Barney Frank and Dodd and Schumer would never permit it.
Frank, Dodd and Schumer are the guardian angels of the easy housing money industry. As you know, the laws are made in Congress, and these guys made sure that vast amounts of poorly underwritten loans were made through the laws they supported and their power over regulators and companies like Fannie Mae and Freddie Mac. Others in power just went along, or were luke-warm, or are less powerful, but these guys fought like big feral cats for more liberal lending.
August 8, 2009 at 10:43 AM in reply to: Will an offer contingent on the sale of the buyer’s home be accepted? #442936Participantgeorge, I hope you get some good advice here from the experts. But you are planning to spend at least $2 million on one item, and you don’t want to engage a professional for a fee to help you make the best decision? Penny-wise, pound-foolish, perhaps?
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