I thought the Federal Reserve is a private bank and is not controlled by the government. More like the other way around.
Quit picking on Obama……
- Thread starter DaSleeper
- Start date
Federal Reserve is controlled by the government. 
The Forgotten Man
YouTube - The Forgotten Man - Jon McNaughton
The Forgotten Man
YouTube - The Forgotten Man - Jon McNaughton
Where is your sense of humour.......
That was hillarious.......:lol:
Ah yes, but the constitution is "...just a damn piece of paper!"Federal Reserve is controlled by the government.
The Forgotten Man
YouTube - The Forgotten Man - Jon McNaughton
You just proved it again.
They even used canned laughter....they did that on Full House as well....for a reason.:lol:
The two above comments have been approved by the L.P.o.C. or the L.B.O.C.
For one you have to be a sheeple and for the other you have to be drunk to like it.;-):lol:
For one you have to be a sheeple and for the other you have to be drunk to like it.;-):lol:
Well, if it's so funny, why use canned laughter?
Seriously, is that as funny as cons can be?
Kinda sad but expected, cons are always really angry or scared about something...no time for fun.:lol:
Man Assaulted & Arrested at Alaska State Fair for ‘Impeach Obama’ Sign
Man Assaulted & Arrested at Alaska State Fair for ?Impeach Obama? Sign Video
Man Assaulted & Arrested at Alaska State Fair for ?Impeach Obama? Sign Video
The day the democrats took over was not January 22nd 2009 it was actually January 3rd 2007 the day the Democrats took over the House of Representatives and the Senate, the start of the 110th Congress. The Democratic Party controlled a majority in both chambers for the first time since the end of the 103rd Congress in 1995.
For those who are listening to the liberals propagating the fallacy that everything is "Bush's Fault", think about this:
January 3rd, 2007 was the day the Democrats took over the Senate and the Congress:
At the time:
1. The DOW Jones closed at 12,621.77
2. The GDP for the previous quarter was 3.5%
3. The Unemployment rate was 4.6%
4. George Bush's Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB CREATION!
Remember the day...
1. January 3rd, 2007 was the day that Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee.
2. The economic meltdown that happened 15 months later was in what part of the economy?
BANKING AND FINANCIAL SERVICES!
3. Thank Congress for taking us from 13,000 DOW, 3.5 GDP and 4.6% Unemployment to this CRISIS by dumping 5-6 TRILLION Dollars of toxic loans on the economy from YOUR Fannie Mae and Freddie Mac fiasco's!
(BTW: Bush asked Congress 17 TIMES to stop Fannie & Freddie - starting in 2001, because it was financially risky for the U.S. Economy, but no one was listening).
And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac?
OBAMA.
And who fought against reform of Fannie and Freddie??
OBAMA and the Democratic Congress.
So when someone tries to blame Bush...
REMEMBER JANUARY 3rd, 2007.... THE DAY THE DEMOCRATS TOOK OVER!" Bush may have been in the car, but the Democrats were in charge of the gas pedal and steering wheel they were driving. Set the record straight on Bush!
So, as you listen to all the commercials and media from the Democrats who are now distancing themselves from their voting record and their party, remember how they didn't listen to you when you said you didn't want all the bailouts, you didn't want the health care bill, you didn't want cap and trade, you didn't want them to continue spending money we don't have.
On November 2d, I'm not forgetting their complicity in getting us into this mess, and I'll be marking my vote accordingly!
"It's not that liberals aren't smart, it's just that so much of what they know isn't so" -Ronald Reagan
What else can be said, Democrats just cannot get the job done even with such a massive majority they once had.
For those who are listening to the liberals propagating the fallacy that everything is "Bush's Fault", think about this:
January 3rd, 2007 was the day the Democrats took over the Senate and the Congress:
At the time:
1. The DOW Jones closed at 12,621.77
2. The GDP for the previous quarter was 3.5%
3. The Unemployment rate was 4.6%
4. George Bush's Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB CREATION!
Remember the day...
1. January 3rd, 2007 was the day that Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee.
2. The economic meltdown that happened 15 months later was in what part of the economy?
BANKING AND FINANCIAL SERVICES!
3. Thank Congress for taking us from 13,000 DOW, 3.5 GDP and 4.6% Unemployment to this CRISIS by dumping 5-6 TRILLION Dollars of toxic loans on the economy from YOUR Fannie Mae and Freddie Mac fiasco's!
(BTW: Bush asked Congress 17 TIMES to stop Fannie & Freddie - starting in 2001, because it was financially risky for the U.S. Economy, but no one was listening).
And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac?
OBAMA.
And who fought against reform of Fannie and Freddie??
OBAMA and the Democratic Congress.
So when someone tries to blame Bush...
REMEMBER JANUARY 3rd, 2007.... THE DAY THE DEMOCRATS TOOK OVER!" Bush may have been in the car, but the Democrats were in charge of the gas pedal and steering wheel they were driving. Set the record straight on Bush!
So, as you listen to all the commercials and media from the Democrats who are now distancing themselves from their voting record and their party, remember how they didn't listen to you when you said you didn't want all the bailouts, you didn't want the health care bill, you didn't want cap and trade, you didn't want them to continue spending money we don't have.
On November 2d, I'm not forgetting their complicity in getting us into this mess, and I'll be marking my vote accordingly!
"It's not that liberals aren't smart, it's just that so much of what they know isn't so" -Ronald Reagan
What else can be said, Democrats just cannot get the job done even with such a massive majority they once had.
Yea, a 58% majority really put them in control of that car.
Did you look at some of the bills that were passed in that time? Here's a good one:
Honest Leadership and Open Government Act
It's pretty a thorough rout of government expenditures, lobbyists, transparency and the like. One of the few things that every voter, both republican and democrat should care about. Funny, that the next republican contender wouldn't support it though.
http://en.wikipedia.org/wiki/Honest_Leadership_and_Open_Government_Act#Notes
CNN reported the bill, but apparently Fox didn't? Gee, I wonder why.
Did you look at some of the bills that were passed in that time? Here's a good one:
Honest Leadership and Open Government Act
It's pretty a thorough rout of government expenditures, lobbyists, transparency and the like. One of the few things that every voter, both republican and democrat should care about. Funny, that the next republican contender wouldn't support it though.
http://en.wikipedia.org/wiki/Honest_Leadership_and_Open_Government_Act#Notes
CNN reported the bill, but apparently Fox didn't? Gee, I wonder why.
Last edited:
Is that the bill you meant .....or another one?????
House Approves Tighter Earmark, Lobbying Rules - Politics | Republican Party | Democratic Party | Political Spectrum - FOXNews.com
Ack. MY GOOGLE DOES NOT COMPUTE.
My bad, I did a search based on articles in 2007 and nothing came up. Good work.
MORONS RULE
Hold that thought... November's getting closer!
In a bid to stem taxpayer losses for bad loans guaranteed by federal housing agencies Fanny Mae and Freddy Mac, Senator Bob Corker (R-Tenn.) proposed that borrowers be required to make a minimum 5% down payment in order to qualify. His proposal was rejected 57-42 on a party-line vote because, as Senator Chris Dodd (D-Conn) explained, "…passage of such a requirement would restrict home ownership to only those who can afford it."
Hold that thought... November's getting closer!
Here is one source, there are many.
"In a bid to stem taxpayer losses for bad loans guaranteed by federal housing agencies Fanny Mae and Freddy Mac, Senator Bob Corker (R-Tenn) proposed that borrowers be required to make a 5% down payment in order to qualify. His proposal was rejected 57-42 on a party-line vote because, as Senator Chris Dodd (D-Conn) explained, “passage of such a requirement would restrict home ownership to only those who can afford it.”
Democrats Vote Down 5 Percent Rule - Arizona Mortgage-Arizona Home Loans
My thoughts are that we have morons running the country now.
"In a bid to stem taxpayer losses for bad loans guaranteed by federal housing agencies Fanny Mae and Freddy Mac, Senator Bob Corker (R-Tenn) proposed that borrowers be required to make a 5% down payment in order to qualify. His proposal was rejected 57-42 on a party-line vote because, as Senator Chris Dodd (D-Conn) explained, “passage of such a requirement would restrict home ownership to only those who can afford it.”
Democrats Vote Down 5 Percent Rule - Arizona Mortgage-Arizona Home Loans
My thoughts are that we have morons running the country now.
What's up with people lying on these forums?
Satire Alert: Dodd’s ‘Quote’ on Mortgages
Q: Did Sen. Dodd of Connecticut really say that requiring homebuyers to make a 5 percent down payment "would restrict home ownership to only those who can afford it"?
A: No. This quote was made up by satirist John Semmens, who regularly writes a blog called Semi-News — A Satirical Look at Recent News.
Satire Alert: Dodd’s ‘Quote’ on Mortgages | FactCheck.org
FULL ANSWER
We have received more than a few e-mails lately asking this question about Sen. Chris Dodd, and we have seen this paragraph – word for word – appear in numerous blog postings, primarily on conservative sites. The phony quote attributed to Dodd was even included in Business in the Beltway, a blog on Forbes.com.
The Forbes.com item was written by Bob McTeer of the conservative National Center for Policy Analysis. McTeer is a former chancellor of Texas A&M and former president and chief operating officer of the Federal Reserve Bank of Dallas. McTeer began his Forbes.com post by writing, “Some quotes are too good to ignore …” After we informed McTeer about the source of the quote, he sent us this response: “I notified Forbes.com, which is where you apparently saw it, and they are going to acknowledge the error on their site.” The blog now carries an editor’s note that says: “A quote in this post purportedly from Sen. Christopher Dodd turns out not to be true. Its actual source was a parody news article poking fun at the Senator.”
The source of the Dodd "quote" is John Semmens, who writes Semi-News — A Satirical Look at Recent News for The Arizona Conservative Blog. He regularly comments on current affairs with made-up quotes and other fabricated narratives. He’s a Web version of humorists Jon Stewart and Stephen Colbert (though with a different political slant). In the same satirical blog post – which appeared May 15, 2010 – Semmens also made up these quotes that he attributed to Attorney General Eric Holder on why Holder hasn’t read Arizona’s new immigration law: “First, consider that the law comes out of Arizona, one of the most backward and racist states in the nation. Second, look at who sponsored the bill—right-wing Republicans. Do we really need to know anything more? Finally, the law is opposed by every decent American.” Do you get the joke? Unfortunately, some people out there don’t.
News satire is all in good fun until credible figures begin posting made-up quotes as real ones on their blogs or websites.
For the record, Dodd and the Democrats did oppose Corker’s amendment, S.A. 3955, which would have rewritten whole sections of the Restoring American Financial Stability Act of 2010. (The 5 percent requirement was but one small part of Corker’s proposal.) Dodd said one reason he opposed the measure is that it would have disadvantaged homebuyers with good credit and income, but without the cash to make a 5 percent down payment. But Corker’s amendment also would have stripped out a requirement that mortgage packagers keep a financial interest in the mortgage securities that they sell to others — an idea Dodd said was aimed at discouraging lenders from making loans to people who can’t repay them.
On a side note, thanks for letting me stumble upon that website. They have some good stuff in there that will deter other misleading claims.
Satire Alert: Dodd’s ‘Quote’ on Mortgages
Q: Did Sen. Dodd of Connecticut really say that requiring homebuyers to make a 5 percent down payment "would restrict home ownership to only those who can afford it"?
A: No. This quote was made up by satirist John Semmens, who regularly writes a blog called Semi-News — A Satirical Look at Recent News.
Satire Alert: Dodd’s ‘Quote’ on Mortgages | FactCheck.org
FULL ANSWER
We have received more than a few e-mails lately asking this question about Sen. Chris Dodd, and we have seen this paragraph – word for word – appear in numerous blog postings, primarily on conservative sites. The phony quote attributed to Dodd was even included in Business in the Beltway, a blog on Forbes.com.
The Forbes.com item was written by Bob McTeer of the conservative National Center for Policy Analysis. McTeer is a former chancellor of Texas A&M and former president and chief operating officer of the Federal Reserve Bank of Dallas. McTeer began his Forbes.com post by writing, “Some quotes are too good to ignore …” After we informed McTeer about the source of the quote, he sent us this response: “I notified Forbes.com, which is where you apparently saw it, and they are going to acknowledge the error on their site.” The blog now carries an editor’s note that says: “A quote in this post purportedly from Sen. Christopher Dodd turns out not to be true. Its actual source was a parody news article poking fun at the Senator.”
The source of the Dodd "quote" is John Semmens, who writes Semi-News — A Satirical Look at Recent News for The Arizona Conservative Blog. He regularly comments on current affairs with made-up quotes and other fabricated narratives. He’s a Web version of humorists Jon Stewart and Stephen Colbert (though with a different political slant). In the same satirical blog post – which appeared May 15, 2010 – Semmens also made up these quotes that he attributed to Attorney General Eric Holder on why Holder hasn’t read Arizona’s new immigration law: “First, consider that the law comes out of Arizona, one of the most backward and racist states in the nation. Second, look at who sponsored the bill—right-wing Republicans. Do we really need to know anything more? Finally, the law is opposed by every decent American.” Do you get the joke? Unfortunately, some people out there don’t.
News satire is all in good fun until credible figures begin posting made-up quotes as real ones on their blogs or websites.
For the record, Dodd and the Democrats did oppose Corker’s amendment, S.A. 3955, which would have rewritten whole sections of the Restoring American Financial Stability Act of 2010. (The 5 percent requirement was but one small part of Corker’s proposal.) Dodd said one reason he opposed the measure is that it would have disadvantaged homebuyers with good credit and income, but without the cash to make a 5 percent down payment. But Corker’s amendment also would have stripped out a requirement that mortgage packagers keep a financial interest in the mortgage securities that they sell to others — an idea Dodd said was aimed at discouraging lenders from making loans to people who can’t repay them.
On a side note, thanks for letting me stumble upon that website. They have some good stuff in there that will deter other misleading claims.
Last edited: