I Have Had Enough

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Archive for the ‘Education’ Category

Sep-30-08

The Truth about the Financial Crisis !

Posted by Had Enough
Shot in the Fannie Mae

The History of a Financial Disaster

1997
Fannie Mae is a GSE (Govt. Sponsored Entity) regulated by Congress
Fannie Mae buys mortgages from other companies.
It is backed by the taxpayers for all losses, but keeps all profits.
President Clinton loosens Home Loan Requirements.
1998
Banks begin making thousands of bad loans,0 down, no documentation, for 120%! (1998 – 2008).
Executives at Fannie receive huge bonuses if loan targets are met.
Franklin Raines and Jamie Garelick from the Clinton Administration are appointed to run Fannie Mae.
2003
President Bush proposes a new oversight committee to clean up Fannie Mae, but Democrats derail the effort.
Rep. Melvyn Watt, (D-NC) Committee on Financial Institutions & Consumer Credit. stated, “I don’t see much other than weakening the bargaining power poorer families to get affordable housing.”
1999 – 2004
Raines earns $100 million in bonuses.
Garelick earns $75 million in bonuses.
In 2004, Enron collapses, congress investigates, Executives Skilling & Lay go to jail, for fraudulent bookkeeping.
Congress responds with the Sorbanes-Oxley Act, more heavy regulation of corporations.
2004
An OMB investigation finds massive fraudulent bookkeeping at Fannie Mae.
False numbers triggered executive bonuses every year.
Congress holds no hearings, no one goes to jail, or is punished.
WHY NOT?
1999 – 2005
Fannie Mae gives millions to Democratic causes, examples: Jesse Jackson & ACORN.
Fannie Mae pays millions to 354 congressmen and senators, from both parties.
Who got the most money?
Top 4 Recipients of all of this money are:
#1 Sen. Christopher Dodd, (D-CT)

Chairman of the Banking, Housing, & Urban Affairs Committee

#2 Sen. Barack Obama, (D-IL)

Federal Financial Management Committee

#3 Sen. Chuck Schumer, (D-NY)

Chairman of the Finance Committee

#4 Rep. Barney Frank, (D-MA)

Chairman of the House Financial Services Committe

2005
Franklin Raines & top execs are forced to resign from Fannie Mae.
They do not go to jail.
There is no media “perp. walk.”
They keeps all of their bonuses
They finally pay $31.4 million in civil fines.
2005
The Federal Housing Enterprise Regulatory Reform Act is sponsored by:
#325 Sen. John McCain, (R-AZ)

Armed Services, & Commerce, Science, & Transportation

“If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.”

2005
None of the top 4 recipients support the legislation.
The reform act is blocked by Democrats, never even making it out of committee.
None of the politicians return any of the money, tainted by fraud.
2008
Fannie Mae & Freddie Mac go bankrupt and the govt. takes them over completely.
Lehman Brothers, goes bankrupt from investing in bad mortgages.
AIG get $85 million in loan guarantees, after insuring bad loans & projects.
Taxpayers will ultimately pay BILLIONS.
2008
Franklin Raines is now an advisor to the Obama Campaign which wants the govt. to take over more of the economy.
Did government involvement in the mortgage market work out?
How will even MORE government involvement make it better? Do you want to be Sweden?
McCain favors revising regulations & loan standards, selling off Fannie & Freddie.
SOURCES
Congressional Record, 5/25/06
“Hannity & Colmes,” Fox News, 9/16-9/17/08
Herald Tribune, 4/18/08
New York Times, 9/13/03
www. govtrack.com, 9/17/08
Why isn’t the media reporting this ?
Why are you still trusting the Democrats ?
May-4-08

The Degradation of Men

Posted by Had Enough

How many times have you seen on TV men playing a role of an idiot, a jerk or a bumbling fool?

Most of the time, especially in commercials. Disgusting. Yet how many times do we as men see tampon, napkin (feminine), personal lubricants and other feminine products like anti-itch or yeast infection products?

More then we want to.

Yeah yeah yeah…..

Men are insensitive, don’t care, abusive, hate mongering, war creaters, anti-woman, anti-love… blah blah blah <yawns>.

So we are lead to believe by the men hating society of women who parade around half dressed, things hanging out all over the place, oh and covered in chemicals to smell attractive?

I’m not anti-woman no way. I do not put down women in general, only those that think they are better than everyone else ESPECIALLY men. I snub my nose at you. You wonder “why can;t I get a good man”?

Well lets see. You degrade men, you put us down. You attempt to do things that only men are capable of doing. No offense. Men are built differently than a woman is. I give you credit for trying to do things that only men can do, but lets face it. We’re different. So stop degrading us.

Accept the fact that we are different in our own ways. Women look for a strong, confident man who is able to meet their needs. Yet they always complain that they can’t find one. “oh most men I know are abusive”.

Maybe you’re hanging out in the wrong areas? Maybe all of this “lets degrade men” attitude is coming home to roost?

Lets face it. In a world that throws around “sexual abuse” like used condoms, sometimes that fear of being labeled as a “sexual abuser” stops men from saying “you look nice tonight”.

Women always complain, “every 15 minutes men think about sex”. IF it were so true than how come women are more aggressive towards “finding a mate” than men are?

I could go on into so many different avenues of thought here… but I will not.

The bottom line is this. Ladies, stop abusing and degrading men. You need them just as much as a man needs a woman. Lets face it.

Of course, to all of the lesbians out there, this will make some fly off the handle! Militant anti-men. Well I got one question for you. How come, later on in your relationship, one woman always looks like a guy ?

I’m not degrading, nor hate mongering here, just stating the obvious. Don’t like it? Welcome to freedom of speech.

Welcome to someone standing up to your nonsense. De-education is what this is all about.

(I know someone is going to complain “maybe he needs a sensitivity training classes”. For those that know me, they will laughing in your face. I’m just an old fashioned guy at heart who think of woman as equals, not sex icons.)