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How is Obama going to fix the sub-prime mess?

I am a homeowner and pay my mortgage on time. But for people that made a mistake and cannot pay for their mortgage get a free pass. But for the people that play by the rules, too bad. Whatever happened to the notion of being responsible for your actions?

Will Obama really be non-partisan as President and hold people in both party's responsible?

http://news.yahoo.com/s/ibd/20081006/bs_ibd_ibd/20...

Update:

People don't ask how McCian will fix it, because the polls show Obama will win, so how will Obama fix it.

7 Answers

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  • Anonymous
    1 decade ago
    Favorite Answer

    He will not. He is the worse person to trust to fix this mess, he was found smacked dab in the midddle of it all. He will deny this, as he denies having heard jeremiah wright, and being a muslim!!! But, the truth is, he is the wrong person!!!

  • ?
    Lv 4
    5 years ago

    did he take any action,or became this a silent warning so as that he might desire to declare to have been a champion. final time i regarded democrats had administration of congress on the grounds that he became there. pondering the two bush and mccain warned and tried to do something basically to be suggested as fools and implied they have been in simple terms against the undesirable practices simply by fact minorities benefited barney frank,maxine waters,they omitted them and praised the undesirable prepare. obama and biden are crammed with it

  • 1 decade ago

    Obama is a party-man straight down the line. His voting record gives it away. BOTH Obama and Biden are further to the left, per their voting records, than the ONLY self-proclaimed Socialist in Congress, Bernie Sanders of Vermont.

    Furthermore, if Obama's top economic advisors are responsible for the banking companies asking for bailouts, why would you trust Obama's ability to lead is through the economic nightmare we are in?

    Obama's top economic advisors have ties to Fannie Mae, Freddie Mac, AND Lehman Brothers -- all asked for help from the Feds this weekend. They also have ties to Countrywide, who was in the news this past spring for the same reason!

    Jim Johnson, who is currently Barack Obama's economic advisor, was not only CEO and Vice Chairman of Fannie Me, he was also a managing director at Lehman Brothers.

    On May 22, 2008, Democratic Party officials confidentially divulged that Obama had asked Johnson "to lead the process" for selecting Obama's running mate. However, Johnson soon became a source of controversy when it was reported that he had received below market rates loans directly from Angelo Mozilo, the CEO of Countrywide . Property records show Mr. Johnson has received more than $7 million in loans from Countrywide since 1998, the first coming in the waning days of his Fannie Mae tenure. [ http://online.wsj.com/article/SB121279970984353933... ]

    Franklin Raines was CEO of Fannie Mae 1999 to 2004. Mr. Raines also is currently Barack Obama's economic advisor and has not yet been forced to resign. He is accused by The Office of Federal Housing Enterprise Oversight (OFHEO), the regulating body of Fannie Mae, of abetting widespread accounting errors, which included the shifting of losses so senior executives, such as himself, could earn large bonuses. Raines was sued for wrongdoing but was able to settle. An editorial in The Wall Street Journal called it a "paltry settlement" which allowed Raines and the other two executives to "keep the bulk of their riches." In 2003 alone, Raines's compensation was over $20 million. [ http://online.wsj.com/article/SB109770752803244715... ].

    Raines *also* has ties with Countrywide. In June 2008 Wall Street Journal reported that Franklin Raines was one of several politicians who received below market rates loans at Countrywide Financial because the corporation considered the officeholders "FOA's"--"Friends of Angelo" (Countrywide Chief Executive Angelo Mozilo). He received loans for over $3 million while CEO of Fannie Mae. [ http://online.wsj.com/article/SB121279970984353933... ]

  • 1 decade ago

    We can only look at how bipartisan he has voted in the past as an indication of what he will do in the future.

    He voted 97% with his party. That doesn't say bipartisanship to me.

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  • 1 decade ago

    How will Mc Cain fix the sub-prime mess?

  • Anonymous
    1 decade ago

    He's not looking for your vote. He needs the votes of all those that cannot afford a $500,000 home but purchased one anyway.

  • Kyrix
    Lv 6
    1 decade ago

    He will go up to the sub- prime demons and say "Begone!", and they'll disappear, never to be seen again.

    Source(s): MSNBC
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