WeedWacker
New member
So where exactly did the $500b go? It didn't just disappear. Who has all the money?
and I tend to agree with Buffet more than a technical definition used by the government
Let the banks get what's coming to them. They don't deserve a dime of my tax money to cover their butts.
So where exactly did the $500b go? It didn't just disappear. Who has all the money?
Is this not proof that the current economic times are bad?
I heard that is was the Illuminati and the Free Masons!Mike Irwin: (controlled by the cabal of 13 Jews, don't you know) finally enact their master plan for taking over the United States and enslaving us all.
And, where's the evidence that the FDIC is unable to handle the current situation?
I always thought that if a bank failed due to giving billions in bad loans, it was the bank's fault. This bank was passing out mortgages without even requiring proof of having a job.
Speaking of which, my nephew, a 21 year old convicted felon, non-married father of 2, without employment, managed to aquire a $120,000 home mortgage. Lasted every bit of three months before they realized he could not make the payments.
and the government backed it
Senator Schumer's Senate website:
FOR IMMEDIATE RELEASE: June 28, 2004
SCHUMER: LONG ISLAND MIDDLE CLASS HOUSING SHORTAGES REACHING CRISIS LEVELS - UNVEILS MAJOR NEW FEDERAL PLAN FOR EXPANSION
Schumer announces dramatic $300 million expansion of oversubscribed Fannie Mae initiative letting middle class families purchase homes with little or no down payment at Long Island Housing Partnership on Monday
Schumer Plan also starts conversion of 1/3 of vacant federal property on LI for middle-class housing; new bill to also make Feds insure zero-down-payment mortgages for first-time home buyers.
.Do you have any bank accounts with more than $100,000 in them?? If so, you could potentially lose money too