Ms. Gorelick acknowledged she may have dealt with the Countrywide employee in California who handled the so-called Friends of Angelo loans, but said she believed she only received expeditious service. “You’d think if somebody was trying to do me a favor, they would tell me they were doing me a favor, and I am unaware of any such treatment,” she said, adding that she was planning to leave her position as vice-chairman of Fannie Mae at that time.

“When I did this transaction, I was decidedly a has-been,” she said. “I had no favor to give.”

Uh Huh. I’m sure she said that when she got $26 million out of Fannie Mae after a few years of hard work too. Gosh, who knew that everyone doesn’t make this kind of dough for screwing the American people by grossly overstating Fannie Mae’s earnings!

*sigh* newbies

Google ‘grue.’ Then come back and apologize to him lest you be mistaken for food.

ManlyRash on September 25, 2008 at 2:16 PM

Not all that new. I don’t, however, read every comment and hang on everyones words.

Those houses won’t be empty long. Priced at realistic levels the market will purchase those homes- all without government bail out.

highhopes on September 25, 2008 at 3:19 PM

Is your house paid off? Otherwise, your house might be empty awaiting sale too, if you get laid off due to lack of capital in the market.

In short, it’s a death spiral and where caught in it. Some times you’ve got to put your sense of justice aside and be pragmatic.

TheBigOldDog on September 25, 2008 at 3:05 PM

I agree. I hate the “bailout” but the alternatives are far worse, and would further harm those of us who own homes with conventional neighborhoods who have the misfortune to be in neighborhoods which were infiltrated by subprimers whose homes (which they never actually owned) are now in foreclosure. Not to mention what it will do with our retirement accounts…

The point needs to be made that no one owns their home until the loan is paid off. However, those of us who put money down actually have something to lose if things go South, unlike the unworthy deadbeats who for all intents and purposes were not homeowners, but renters with the bank as their landlord.

As for the video, sadly I have no technical skills in that department, but hopefully someone else will figure it out.

Bubba needs to lay blame somewhere. Why not the Democrats in Congress during his watch as President?
Is this further proof that Bill is campaigning for McCain-Palin?
Bill Clinton: (Democrats have been) “resisting any efforts by Republicans in t…

How Barney Frank, and Chuck Schumer can show their face in public is beyond me. These people ripped to shreds the economy, all under the gise of affordable housing.

Dave From Canada on September 25, 2008 at 3:09 PM

Show their face? Frank, Schumer, Dodd are all leading the Democrats efforts at reaching an agreement! They have no shame.

An undercover agent for Putin could not have done a better job of destroying the security and economy of this country.

Buy Danish on September 25, 2008 at 2:54 PM

Community organizers in the Alinsky model infiltrating our most important institutions and co-opting them–the media, academia, the halls of Congress. Useful idiots whose success to date has been extraordinary. I don’t know yet if this exposure means the jig is up for them, or we will revert back to business as usual.

I grue hungry once, having no commistables. I like blue and green commistables.

Akzed on September 25, 2008 at 3:02 PM

This made me snicker :)

*eats*

How does that help? It may make you feel good, but a couple of million empty houses is not only going to make the real estate market worse, it also presents a security risk to the neighbors – imagine all the new crack houses, etc springing up in these empty homes.

Vashta.Nerada on September 25, 2008 at 3:03 PM

Those houses won’t be empty long. Priced at realistic levels the market will purchase those homes- all without government bail out. Why do you insist on me and other responsible taxpaying Americans pay for somebody’s greed and stupidity? Seriously, I’ve worked hard all my life and done without when I couldn’t afford stuff. Why do you expect me to pay for irresponsible deadbeats who took the easy road? Is that fair?

How Barney Frank, and Chuck Schumer can show their face in public is beyond me. These people ripped to shreds the economy, all under the gise of affordable housing.

Dave From Canada on September 25, 2008 at 3:09 PM

They know their friends in the media will cover for them. It’s that simple.

How Barney Frank, and Chuck Schumer can show their face in public is beyond me. These people ripped to shreds the economy, all under the gise of affordable housing.

Then let the government foreclose on all the deadbeats as part of a larger plan. Actions have consequences and this gift to deadbeats is beyond my tolerance level.

highhopes on September 25, 2008 at 2:52 PM

What happens when a home is foreclosed? The lawyers get rich. The institution are forced to sell the property quick at fire sale prices. The property values of all the neighbors take a hit. Property values fall. The ability of others to refinance or sell is hindered. The institution takes a loss and has less capital to make other loans. Credit dries up. Business slows down. More people are laid off. More foreclosures. More fire sales. Housing prices fall further. In short, it’s a death spiral and where caught in it. Some times you’ve got to put your sense of justice aside and be pragmatic.

Then let the government foreclose on all the deadbeats as part of a larger plan. Actions have consequences and this gift to deadbeats is beyond my tolerance level.

highhopes on September 25, 2008 at 2:52 PM

How does that help? It may make you feel good, but a couple of million empty houses is not only going to make the real estate market worse, it also presents a security risk to the neighbors – imagine all the new crack houses, etc springing up in these empty homes.

ManlyRash on September 25, 2008 at 2:16 PM

I grue hungry once, having no commistables. I like blue and green commistables.

Buy Danish on September 25, 2008 at 2:54 PM

Exactly.