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Taking place largely behind the scenes, the movement to take over the
mortgage market has been propelled in part by a revolving door between
Washington and Wall Street, an investigation by The New York Times has
found.
Many in Congress believe Fannie and Freddie contributed to the collapse of
the housing bubble, and they still rest on a shaky financial foundation, largely
because of actions taken by the Treasury and the companies regulator.
Decades ago, Fannie Mae and Freddie Mac were created by the government to
provide prospective home buyers with financing in both good times and bad.
Fannie was born in 1938 during the Depression, when bank lending dried up.
The company didnt make mortgage loans outright; it bought them from other
entities. Later, it pooled loans in securities that it sold to investors.
In addition to benefiting borrowers, this system enabled small community
lenders to sell their loans to Fannie and Freddie as easily as even the biggest
guns in banking. This gave borrowers a choice of lenders, encouraging
competition and keeping costs down.
Throughout these years, Fannie and Freddies mounting profits, generated in
part by their special ties to the government, which put them at a financial
advantage, also drew resentment from the nations largest banks.
So government itself created banks that eventually get too close to
the government itself, and the ideas of free market and fair
competition toward private bank become unbalance.
Government banks is the cause of unfair competition?
Obama Is a Republican
By BRUCE BARTLETT
from the Heritage Foundation and Massachusetts Gov. Mitt Romney, among
others.
Isnt that what is the state government for to learn from the best states?
The home-grown threat
romising one or two security measuresincluding checks on the fianc visa on
which Ms Malik entered Americahe also urged Americans to see the killing in
the context of an already violent society: As weve become better at preventing
complex, multifaceted attacks like 9/11, terrorists turned to less complicated acts
of violence like the mass-shootings that are all too common. The best way to foil
them, Mr Obama added, was to keep calm and carry on. Our success wont
depend on tough talk, or abandoning our values, or giving into fear. Thats what
groups like [Islamic State] are hoping for.
Muslim maniacs are hard to detect, all Muslims must be considered suspect.
We have to look at mosques. We have no choice. We have to see what is
happening because something is happening in there. Man, is there anger!
mused the front-runner for the Republican presidential nomination. His solution
was a perfect rebuke to Mr Obama: Mr Trump called for a total and complete
shutdown of Muslims entering the United States until our countrys
representatives can figure out what is going on.
The first is its distance from the Middle East; the second is decent law
enforcement, especially by the FBI, which since 2001 has partly turned itself into
the internal spy agency America lacked. Its counter-terrorism staff, whose number
has grown by 2,000, are investigating links to IS in 50 states. By far the most
important reason, however, is that American Muslims are less interested in being
radicalised than their European counterparts.
They are richer, better educated and altogether better integrated into the
mainstream. Though less than 1% of Americas population, they account for 10%
of its doctors; in 2011, less than half said that most of their closest friends were
Muslims. Plainly, IS, which has flooded the internet with jihadist propaganda,
represents a new test to that moderation. Yet, as a rule, American Muslims are
probably less tempted by a genocidal medieval revival act than any others in the
West. While more than 5,000 Europeans have joined IS, fewer than 250
Americans are thought to have tried toof whom, estimates Peter Bergen,
author of a forthcoming book on American jihadists, only two dozen succeeded.
So the American dreams is better than IS propaganda?
I asked 5 fascism
Trump is a fascist.
by Dylan Matthews
Max Boot
Remind
me@MaxBoot
again: who argued that Trump isn't a fascist? Which part of the 1st
Amendment is he leaving intact?
Martin O'Malley
@MartinOMalley