Quote:
Originally Posted by Eomer  But your talking points sound better, for sure, and make sense to me. But I think it's pretty obvious she had no fuckign clue what she was talking about.
Again, I'm not arguing any of that. I'm arguing she didn't know when to shut her fucking mouth. |
Why do you say that?
How much more SENSE do you need than the fact that these two companies, whose loan processing practices, credit verification and investment procedures represent more than HALF of the same mortgage industry that has been vilified during the last six months for extending more credit to less qualified loaners, have been shown to have exaggerated their claims after some scrutiny by the treasury department?
She was right about her interpretations that those companies had excessive economic influence on the lives of Americans.
She was right that those companies had insufficient oversight and accountability since Paulson himself discovered that they had exaggerated their numbers (which precipitated the takeover).
And she was right that they have incurred direct and indirect Taxpayer burdens since
Economists have explained how FNMA's behavior has had a direct cost to the taxpayer, beyond Congress's approval and blank check to Paulson this summer.
What do you think she was running her mouth about? Are you curious about what role Fannie Mae and Freddie Mac had in extending mortgages to people who clearly couldn't sustain them? I dunno man, what gaffe did you think she made?
If you think her 'gaffe' some kind of misunderstanding that the "taxpayers" hadn't incurred any large costs because of this incident, that's a stretch at best because the "taxpayers" through congress authorized the commitment of resources that Paulson is employing now. In fact, if you think Palin made a "gaffe" based on those
semantics, then
OBAMA MADE THE SAME GAFFE IN WRITING in a letter to Treasury about the CEO pay of the FNMA executives:
Quote:
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Originally Posted by Barack Hussein Obama "Under no circumstances should the executives of these institutions earn a windfall at a time when the U.S. Treasury has taken unprecedented steps to rescue these companies with taxpayer resources," Obama said in a letter to Treasury Secretary Henry Paulson and Federal Housing Finance Agency Director James Lockhart. |
Was Obama wrong? No. Was Palin wrong? No. Who was wrong then? Oh right, the usual suspects: the yapping jackals over at Daily kOS.
