Joe_Stocks
Back from the Dead
Hi TAL,
Then your problem is with the American people. Every time gay marriage is on the ballot it loses. The people are speaking and they don't want gay marriage. This has little to do with Palin.
Now you are just ignorant of history. Gorbachev, himself, credits Reagan for bankrupting the Soviet Union. You are right about one thing; the Soviet economy was a basket-case which makes one wonder why you believe socialism is a good thing if it was such a failure in the Soviet Union.
TAL, the Federal Reserve is the government bank of the U.S. The Federal Reserve can print its own money! Can any private institution do that? No. The Federal Reserve can set interest rates for the entire economy. The president appoints who is one the Fed's Board of Governors.
As for Fannie here is a good quote:
This is from that same wiki page you posted. The federal government determines the capital-reserve requirements of Fannie and overseas their portfolio. And look who resisted reform, none other than Barney Frank (the Banking Queen). Democrats resisted any reform of this terrible organization. The fraud at Fannie is like Enron times a thousand, but since it is a GSE nothing is said about it.
You are clearly wrong. The Federal Reserve is the government bank of the U.S. And Congress basically runs Fannie and Freddie. They are not private entities.
She's willing to deny marriage rights to a certain group of people. I think that's pretty signifigant.
Then your problem is with the American people. Every time gay marriage is on the ballot it loses. The people are speaking and they don't want gay marriage. This has little to do with Palin.
Oh, right, because it's been done before, that makes it ok . And no, it didn't work out for Reagan, either. While the USSR collapsed during his presidency, this had more to do with their internal problems (ie, overexpansionism and having spent too much on the military) than anything Reagan did. Reagan's idea of building a big army and threatening Russia to get what he wanted is what originally got us into debt in the first place, and it didn't accomplish anything other than what would have already happened anyways.
Now you are just ignorant of history. Gorbachev, himself, credits Reagan for bankrupting the Soviet Union. You are right about one thing; the Soviet economy was a basket-case which makes one wonder why you believe socialism is a good thing if it was such a failure in the Soviet Union.
Sure sounds like the free market in action to me. The Federal Reserve is a private institution that operates separately from government control. And I just did a quick google on Fannie Mae - it's a private institution.
Quote:
Fannie Mae was established in 1938 [8] as a mechanism to make mortgages more available to low-income families. It was added to the Federal Home Mortgage association, a government agency in the wake of the Great Depression in 1938, as part of Franklin Delano Roosevelt's New Deal in order to facilitate liquidity within the mortgage market. In 1968, the government converted Fannie Mae into a private shareholder-owned corporation in order to remove its activity from the annual balance sheet of the federal budget.[9] Consequently, Fannie Mae ceased to be the guarantor of government-issued mortgages, and that responsibility was transferred to the new Government National Mortgage Association (Ginnie Mae).
Fannie Mae - Wikipedia, the free encyclopedia
Care to explain to me how that's NOT the free market in action? =/
TAL, the Federal Reserve is the government bank of the U.S. The Federal Reserve can print its own money! Can any private institution do that? No. The Federal Reserve can set interest rates for the entire economy. The president appoints who is one the Fed's Board of Governors.
As for Fannie here is a good quote:
On September 11, 2003, the Bush Administration recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis. Under the plan, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae. The new agency would have the authority, which now rests with Congress, to set capital-reserve requirements for the company and to determine whether the company is adequately managing the risks of its portfolios. The New York Times reported that the plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac is broken. The Times also reported Democratic opposition to Bush's plan: "These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis," said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. "The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing." [16]
This is from that same wiki page you posted. The federal government determines the capital-reserve requirements of Fannie and overseas their portfolio. And look who resisted reform, none other than Barney Frank (the Banking Queen). Democrats resisted any reform of this terrible organization. The fraud at Fannie is like Enron times a thousand, but since it is a GSE nothing is said about it.
You are clearly wrong. The Federal Reserve is the government bank of the U.S. And Congress basically runs Fannie and Freddie. They are not private entities.