Powered by Bravenet Bravenet Blog

Subscribe to Journal

Monday, August 23rd 2010

9:23 AM

Bill Hennessy, the Tea Party Hatred of Fannie and Freddie May Have Unintended Consquences


Bookmark and Share

I wrote of my concern about the Tea Party policy regarding Fannie and Freddie, on the Hennessy blog. My concern also remains the pace at which cuts to spending should be made. I believe we should proceed slowly because the massive cuts advocated by the IMF along with their value added tax should be avoided. We need to realize as Dick Morris has said and what the left has known all along, that the IMF is a dangerous bank, part of the trio of evil: IMF, BIS and World Bank.

Ok Bill, lets say we get rid of Fannie and Freddie. If the government guarantees the loans anyway, like many Republicans want, what changes? Absolutely nothing.

And if the 30 year mortgage goes away, which was discussed on your favorite network, CNBC, then house prices will plummet like you have never seen. Maybe that is what we need, to start over. But if the IMF comes in and tries to rule our treasury like they want to rule the Eurozone, we will play into the hands of the richest once again.

I don’t know the solution, just that right wingers can be burned just like everyone else if the massive deflation advocated by the IMF prevails. I am not against some cutting, some alignment of prices, and some decline of commodity prices. We are not competitive as a nation and we need that. But if you implement it too fast, like by taking away the 30 year mortgage or by the massive raising of interest rates no government guarantee would cause, then you will have the IMF messing in our business Bill. And you don’t want that.

23 total comments.

Posted by Matilda:

It is very nice blog. You are the best one due to your blog. It contains very useful and interesting information. Thank you so much for sharing and please share some more informative posts. Get today Rubber Sheet Uk
Thursday, October 20th 2016 @ 4:43 AM

Posted by Mangan:

Such a very useful article. Very interesting to read this article. I would like to thank you for the efforts you had made for writing this awesome article. Playground flooring Uk
Thursday, October 20th 2016 @ 4:43 AM

Posted by Moonis Elahi:

I am really impressed with the content of this page, would love to keep visiting your page.!!
Moonis elahi
Wednesday, December 21st 2016 @ 12:17 AM

Posted by Moonis Elahi:

Content of your of page is very good. I really like this.!!
Moonis elahi
Thursday, December 22nd 2016 @ 2:08 AM

Posted by Thomos Max:

This is really amazing content. I am very inspired to read your content. Impressive post!

Cot Duvet Set
Wednesday, January 4th 2017 @ 8:59 AM

Posted by Gardan Bean Bags:

Nice
Thursday, January 5th 2017 @ 7:43 AM

Posted by Sofa Covers UK:

Your site is exactly what I have looking for!Keep it up
Tuesday, January 24th 2017 @ 8:45 AM

Posted by Tablet Cushion Stand:

Thanks for sharing this post!
Tablet Cushion Stand
Wednesday, January 25th 2017 @ 8:37 AM

Posted by Fucking girls:

This is Badass Porn Movie I cummed on my
Porn Sex Tube. Really Fucking hard!
Thursday, January 26th 2017 @ 2:30 AM

Posted by I S Malik:

Very nice, its really good content!!
Moonis elahi
Thursday, January 26th 2017 @ 2:52 AM

Posted by Moonis Elahi:

Very good content, I am really impressed. Moonis Elahi
Monday, February 27th 2017 @ 3:05 AM

Posted by Moonis Elahi:

Very good content, I am really impressed. Moonis Elahi
Friday, March 3rd 2017 @ 1:03 AM

Posted by Gymnasticswarehouse:

Your Site is amazing.
I like to visit your site again.
gymnastics mats for home
Tuesday, October 10th 2017 @ 3:19 AM

Posted by We are a London based company.:

We are a London based company. Our services include, surveillance, car tracking, background reports and investigations. tracker for hire
Wednesday, November 29th 2017 @ 1:27 AM

Posted by rock:

Bridging loans are specialty loan products that offer short-term financing for real estate transactions of many different types. While many purchasers are not aware of the many benefits of bridging loans, they can offer a flexible and affordable finance option that helps real estate buyers avoid delays. Bridging Loans London
Friday, March 16th 2018 @ 12:51 AM

Posted by Anonymous:

very good content, I am really impressed.

Pakistan News
Tuesday, April 17th 2018 @ 7:09 AM

Posted by rock:

Disposable rain ponchos supply the UKs cheapest wholesale rain ponchos and disposable waterproof ponchos, buy online our festival rain ponchos. wholesale rain ponchos
Thursday, April 19th 2018 @ 10:12 PM

Posted by rock:

We have delivered millions of Real Likes and Follows, Safe & Securely. Currently 10% off. 5 Star Rating. Buy Twitter Followers
Wednesday, April 25th 2018 @ 3:07 AM

Posted by Zaid:

Thanks, Keep it up


Pakistan News HD
Thursday, April 26th 2018 @ 2:29 AM

Posted by happy wheels:

The little business is absolutely safeguarding these kinds of concerning most likely employ.happy wheels
Thursday, July 5th 2018 @ 9:11 PM

Posted by ROCK:

property development loans allow you to borrow the funds to purchase the land or buildings with the minimum input of your own funds, this frees up your cash and will allow you to do more projects that if you used your own capital to fund the development. Even experienced developers who have the cash to complete the purchase and cover all development cost property development loans
Thursday, July 19th 2018 @ 6:27 AM

Posted by rock:

Awesome blog. I enjoyed reading your articles. This is truly a great read for me. I have bookmarked it and I am looking forward to reading new articles. canada online marijuana store
Tuesday, July 24th 2018 @ 3:17 AM

Posted by rock:

I really liked this post. Cool. A good story. Complete information on this post!! Sardine Run diving expeditions
Monday, August 6th 2018 @ 2:09 AM

Post New Comment

No Smilies More Smilies »