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Democrats Screw The Little Guy. Again.

The Gormogons Posted on January 11, 2013 by 'PuterApril 6, 2014

Elizabeth Warren was originally slatedto head the CFPB. This is the best picture‘Puter could find of her. It’s stunning how closely Sen. Warren resembles her ancestorChief Wahoo, noble mascot of MLB’s totallynot racist Cleveland Indians. Unless you’re in the financial … Continue reading →

Posted in Barney Frank, Chris Dodd, Democrats, Economics, Fannie Mae, Financial Crisis, Financial Industry, Freddie Mac, Gubbamint, Mortgage Lending, Stupid People, Stupidity

Barney Frank: Curriculum Vitae

The Gormogons Posted on August 30, 2009 by The Czar of MuscovyAugust 30, 2009

Can someone explain to the Czar who the foxtrot puts a charlie foxtrot like Barney Frank in charge of the U.S. House of Representatives Financial Services Committee? Is it the deep commercial banking experience he lacks? Or the investment management … Continue reading →

Posted in And yet she must scream, Barney Frank, Fannie Mae, Federal Reserve, Financial Crisis, Freddie Mac, Hello Kitty, It Must Be Bush's Fault, Mortgage Lending

Even Brawny Can’t Clean Up This Mess

The Gormogons Posted on August 6, 2009 by 'PuterAugust 6, 2009

The solution to the Freddie Mac and Fannie Mae mess is to move all the bad loans off book. Or so thinks the Obama Administration. You see, the problem isn’t that political motivations caused quasi-governmental entities to make (purchase) and … Continue reading →

Posted in Fannie Mae, Financial Crisis, Freddie Mac

They really know what to do??

The Gormogons Posted on January 31, 2009 by GorTJanuary 31, 2009

Given this following video, how can we believe that the democrat-led Congress knows how to help the economy? They ignored warnings from the Bush White House repeatedly. They claimed that FreddyMac and FannieMae were not in trouble. So now, we … Continue reading →

Posted in Congress, Democrats, Fannie Mae, Freddie Mac

McCain Campaign Suicide Watch—Suspended?

The Gormogons Posted on October 6, 2008 by Confucius, Œc. Vol.October 6, 2008

Doctor, I think the patient may be showing a will to live. We gotta wait a week to see if he really deserves his belt and shoelaces back, though. Confucius, Œc. Vol.Don’t ask impertinent questions like that jackass Adept Lu. … Continue reading →

Posted in Democrats, Fannie Mae, McCain Campaign Suicide Watch, Old Johnny Mac

McCain Campaign Suicide Watch

The Gormogons Posted on October 3, 2008 by Confucius, Œc. Vol.October 3, 2008

So, Republicans, you were all happy-clappy that John McCain seemed to have lost the self-destructive instinct that caused him to, say, rip into a major segment of the GOP base in the 2000 South Carolina primary. Guess what? His love … Continue reading →

Posted in Fannie Mae, Financial Crisis, McCain Campaign Suicide Watch

Pretty good and very accessible explanation…

The Gormogons Posted on September 29, 2008 by Confucius, Œc. Vol.September 29, 2008

…of the regulatory mess that created the mortgage meltdown. It gets a little partisan and histrionic (though not wrong, I’d wager) at the end, but it’s worth watching all the way through. UPDATE: And for a more precise explanation of … Continue reading →

Posted in Barack Obama, Economic policy, Fannie Mae, Financial Crisis, Old Johnny Mac

Bully!

The Gormogons Posted on September 22, 2008 by 'PuterSeptember 22, 2008

‘Puter agrees (mostly) with The OEV’s post below. To clarify ‘Puter’s position a bit, this new-found government focus on elimiation of moral hazard certainly changes the rules of the game, making taxpayers implicit guarantors of private equity’s risks. We all … Continue reading →

Posted in Fannie Mae, Freddie Mac, Moral hazard, Regulations, Teddy Roosevelt

Note: When in a hole, stop digging

The Gormogons Posted on September 20, 2008 by GorTSeptember 20, 2008

Sen. Obama is running ads and preaching that the Fannie Mae / Freddy Mac debacle and subsequent bailouts are due to failed Bush policies. Now, I won’t defend the current administration as being fiscally conservative. In fact, I agree with … Continue reading →

Posted in Bailout, Barack Obama, Fannie Mae, Freddie Mac

Boom goes the dynamite

The Gormogons Posted on September 19, 2008 by Confucius, Œc. Vol.September 19, 2008

For all your housing-market-induced-meltdown news, here’s the Mortgage Lender Implode-O-Meter. Confucius, Œc. Vol.Don’t ask impertinent questions like that jackass Adept Lu. 3.14.242.153

Continue reading →
Posted in AIG, Fannie Mae, The Fed

Voting for the JV

The Gormogons Posted on September 19, 2008 by GorTSeptember 19, 2008

I was doing a little light reading in between coughing fits and stumbled upon* today’s article in The Week by Gormogon favorite David Frum. I’ll clip a few highlights here, but it’s worth the extra click or two to pop … Continue reading →

Posted in David Frum, Fannie Mae

McCain on Mae & Mac

The Gormogons Posted on September 17, 2008 by Confucius, Œc. Vol.September 17, 2008

Apparently John McCain has been hammering the government-backed profit machines for a while. This is promising; if he wins, it shows that he might not succumb to the usual Washington madness of re-regulation and subsidy. McCain’s not deeply versed in … Continue reading →

Posted in Fannie Mae, John McCain

Fannie Mae & Freddie Mac

The Gormogons Posted on September 9, 2008 by Confucius, Œc. Vol.September 9, 2008

The Volgi, who once spent a day moving stuff around in Fannie Mae’s office-supply room, is waiting for the baying of the congressional hounds for Franklin Raines and Jaime Gorelick to go to jail, like Ken Lay and the Enron … Continue reading →

Posted in Democrats, Enron, Fannie Mae

Bad News For the Little Guy

The Gormogons Posted on September 6, 2008 by 'PuterSeptember 6, 2008

The Wall Street Journal is reporting that the gubbamint is preparing to take over Fannie Mae and Freddie Mac.  Hold on to your wallets.  Years of mismanagement and borderline fraudulent accounting practices, coupled with an implicit federal guarantee of Fannie … Continue reading →

Posted in Bailout, Fannie Mae, Freddie Mac, Taxes

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