Comments on: Warren Buffet Says The “Game Is Over” for Fannie and Freddie http://www.biggerpockets.com/renewsblog/2008/08/23/warren-buffet-says-the-game-is-over-for-fannie-and-freddie/ Learn, Network, Invest Sun, 12 Feb 2012 02:59:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: HomeTivihttp://www.biggerpockets.com/renewsblog/2008/08/23/warren-buffet-says-the-game-is-over-for-fannie-and-freddie/#comment-95030 HomeTivi Wed, 08 Jun 2011 09:10:31 +0000 http://www.biggerpockets.com/renewsblog/?p=1198#comment-95030 China is the largest holder of Fannie Mae & Freddie Mac bonds and demands a U.S. taxpayer-funded bailout, yet refuses to repay their government’s debt to Americans. :) China is the largest holder of Fannie Mae & Freddie Mac bonds and demands a U.S. taxpayer-funded bailout, yet refuses to repay their government’s debt to Americans. :)

]]> By: Eric Nordstromhttp://www.biggerpockets.com/renewsblog/2008/08/23/warren-buffet-says-the-game-is-over-for-fannie-and-freddie/#comment-59572 Eric Nordstrom Tue, 26 Aug 2008 11:13:10 +0000 http://www.biggerpockets.com/renewsblog/?p=1198#comment-59572 Hey! How about someone listen to Ron Paul for a freakin change? Click my name above to read more about the coming economic crash. The US is broke and no amount of Monopoly money can fix it. Hey! How about someone listen to Ron Paul for a freakin change? Click my name above to read more about the coming economic crash. The US is broke and no amount of Monopoly money can fix it.

]]> By: Pyrohttp://www.biggerpockets.com/renewsblog/2008/08/23/warren-buffet-says-the-game-is-over-for-fannie-and-freddie/#comment-59566 Pyro Tue, 26 Aug 2008 00:46:19 +0000 http://www.biggerpockets.com/renewsblog/?p=1198#comment-59566 This is freaking outrageous. You know what happens when you play Roulette and you don't pick the right, color, number, or combination?YOU LOSE!You don't bail out the biggest better at the table by confiscating the chips held by all the smaller fish at the table.By God, the only reason corporations were made people by law was to protect the people behind the corporations. If you or I, the common man, pulled this kind of drek we'd be hung by our testicles!If you're running these corporations, don't think we don't know who you are and where to find you. When the sand finally washes out from under this castle, all the money and the fancy houses won't shield you and your family from an angry mob. This is freaking outrageous. You know what happens when you play Roulette and you don’t pick the right, color, number, or combination?

YOU LOSE!

You don’t bail out the biggest better at the table by confiscating the chips held by all the smaller fish at the table.

By God, the only reason corporations were made people by law was to protect the people behind the corporations. If you or I, the common man, pulled this kind of drek we’d be hung by our testicles!

If you’re running these corporations, don’t think we don’t know who you are and where to find you. When the sand finally washes out from under this castle, all the money and the fancy houses won’t shield you and your family from an angry mob.

]]> By: MG in Hampsteadhttp://www.biggerpockets.com/renewsblog/2008/08/23/warren-buffet-says-the-game-is-over-for-fannie-and-freddie/#comment-59565 MG in Hampstead Mon, 25 Aug 2008 23:44:55 +0000 http://www.biggerpockets.com/renewsblog/?p=1198#comment-59565 The Telegraph article shows how dangerous this whole situation is. The Telegraph article shows how dangerous this whole situation is.

]]> By: joehttp://www.biggerpockets.com/renewsblog/2008/08/23/warren-buffet-says-the-game-is-over-for-fannie-and-freddie/#comment-59557 joe Mon, 25 Aug 2008 20:47:19 +0000 http://www.biggerpockets.com/renewsblog/?p=1198#comment-59557 John and Rob have it right, It's the control of the money system that leads to the control of the masses and everything else. The bankers control everything and own everything. They print up pieces paper that look fancy and have laws passed saying they are worth something and everyone has to use them as money. If anyone thinks that this country needs to tax it's citizens to function, ask yourself this: If the Federal Reserve can print up pieces of paper with any amount printed on them. Why do they need to tax us citizens? They can print any amount of paper they wish!! The reason they tax us is to take money out of the system so we don't have price inflation to the moon, and so the criminals that run this system can continue to get unlimited goods and services for FREE!! that's right they get everything for FREE!! John and Rob have it right, It’s the control of the money system that leads to the control of the masses and everything else. The bankers control everything and own everything. They print up pieces paper that look fancy and have laws passed saying they are worth something and everyone has to use them as money. If anyone thinks that this country needs to tax it’s citizens to function, ask yourself this: If the Federal Reserve can print up pieces of paper with any amount printed on them.
Why do they need to tax us citizens? They can print any amount of paper they wish!! The reason they tax us is to take money out of the system so we don’t have price inflation to the moon, and so the criminals that run this system can continue to get unlimited goods and services for FREE!! that’s right they get everything for FREE!!

]]> By: Greghttp://www.biggerpockets.com/renewsblog/2008/08/23/warren-buffet-says-the-game-is-over-for-fannie-and-freddie/#comment-59552 Greg Mon, 25 Aug 2008 18:27:43 +0000 http://www.biggerpockets.com/renewsblog/?p=1198#comment-59552 China is the largest holder of Fannie Mae & Freddie Mac bonds and demands a U.S. taxpayer-funded bailout, yet refuses to repay their government's debt to Americans.http://my.telegraph.co.uk/asiawatch/blog/2008/07/24/china_demands_us_taxpayer_bailout_of_fannie_maefreddie_mac_bonds_refuses_to_repay_chinese_government_bonds_held_by_americansWhere is the outrage? China is the largest holder of Fannie Mae & Freddie Mac bonds and demands a U.S. taxpayer-funded bailout, yet refuses to repay their government’s debt to Americans.

http://my.telegraph.co.uk/asiawatch/blog/2008/07/24/china_demands_us_taxpayer_bailout_of_fannie_maefreddie_mac_bonds_refuses_to_repay_chinese_government_bonds_held_by_americans

Where is the outrage?

]]> By: Bridget Magnus » Mixed Indicatorshttp://www.biggerpockets.com/renewsblog/2008/08/23/warren-buffet-says-the-game-is-over-for-fannie-and-freddie/#comment-59551 Bridget Magnus » Mixed Indicators Mon, 25 Aug 2008 17:47:52 +0000 http://www.biggerpockets.com/renewsblog/?p=1198#comment-59551 [...] The Vegas market isn’t doing too badly.  Your local real estate market may vary.  Since the availability of credit — the ability of ordinary people to get mortgages — is key to all our markets, let’s hope Mr. Buffet is exaggerating about the problems he sees at Fannie Mae and Freddie Mac. [...] [...] The Vegas market isn’t doing too badly.  Your local real estate market may vary.  Since the availability of credit — the ability of ordinary people to get mortgages — is key to all our markets, let’s hope Mr. Buffet is exaggerating about the problems he sees at Fannie Mae and Freddie Mac. [...]

]]> By: Rob K. Blakehttp://www.biggerpockets.com/renewsblog/2008/08/23/warren-buffet-says-the-game-is-over-for-fannie-and-freddie/#comment-59546 Rob K. Blake Mon, 25 Aug 2008 16:52:41 +0000 http://www.biggerpockets.com/renewsblog/?p=1198#comment-59546 The citizens will never figure out the monetary system and the duping they got by Wilson and Morgan as you so rightly explained it.The bankers knew a fiat currency and the private, secret ability to manipulate the economy to control politicians could only insure interest payments if the income used to pay the interest was backed by a direct tax on the citizens. So at the same late-night sessions wherein the Federal Reserve Act was passed, so was the creation of the IRS and the income tax.Most politician can never unravel the mess because it would mean admitting the income tax is not needed either.Politicians will never repeal the income tax...so the Fed and fiat currency is here to stay. Never mind that every empire that used a fiat currency has collapsed sooner or later.The only politician who got it right was Ron Paul...and he's considered a "nut" ...unelectable...by most belt-way kingmakers.Too bad, eh? The citizens will never figure out the monetary system and the duping they got by Wilson and Morgan as you so rightly explained it.

The bankers knew a fiat currency and the private, secret ability to manipulate the economy to control politicians could only insure interest payments if the income used to pay the interest was backed by a direct tax on the citizens. So at the same late-night sessions wherein the Federal Reserve Act was passed, so was the creation of the IRS and the income tax.

Most politician can never unravel the mess because it would mean admitting the income tax is not needed either.

Politicians will never repeal the income tax…so the Fed and fiat currency is here to stay. Never mind that every empire that used a fiat currency has collapsed sooner or later.

The only politician who got it right was Ron Paul…and he’s considered a “nut” …unelectable…by most belt-way kingmakers.

Too bad, eh?

]]> By: Johnhttp://www.biggerpockets.com/renewsblog/2008/08/23/warren-buffet-says-the-game-is-over-for-fannie-and-freddie/#comment-59545 John Mon, 25 Aug 2008 16:37:47 +0000 http://www.biggerpockets.com/renewsblog/?p=1198#comment-59545 The general public, and quite a few educated people to this very day, still do not understand the banking and monetary policies of this country. As Henry Ford said: "It is well enough that the people do not understand the banking and monetary policies of this country, for if they did there would be a revolution by morning".It's not about Freddie Mac or Fannie Mae, or any of the other financial issues being tossed at us everyday. Whether they survive, crash, get repaired makes no difference in our country and our economy. They are both, as well as all our other economic problems and crisis's. They are symptoms of the disease, not the disease. The disease is the Federal Reserve System, and the simple fact that we are a manipulated system of the banking cartels, by a system of credit that is designed so that it can never be repaid.As long as a country allows others to control their issuing, printing, coining, and setting the values of that currency, that country will always be at the mercy of those who do. It's simple, not complex. We stopped controlling our own destiny after the criminal senators and bankers fraudulently put the cancer in place in Dec 1913, signed by our own criminal president Woodrow Wilson. Yet, another proven sell out and traitor to his country.When will we learn that until we stand up and take back control of our own currency, which is clearly written in Article 1, Section 8, and we are not allowed to use fiat currency as stated in Article 1, Section 10 of the Constitution, that we will have no control of our country's destiny.Our leaders and politicians have lost their way, and have for the past many years thrown it's citizens overboard. But no one seems to notice, and no one seems to care. Why? The general public, and quite a few educated people to this very day, still do not understand the banking and monetary policies of this country.
As Henry Ford said: “It is well enough that the people do not understand the banking and monetary policies of this country, for if they did there would be a revolution by morning”.

It’s not about Freddie Mac or Fannie Mae, or any of the other financial issues being tossed at us everyday. Whether they survive, crash, get repaired makes no difference in our country and our economy. They are both, as well as all our other economic problems and crisis’s. They are symptoms of the disease, not the disease. The disease is the Federal Reserve System, and the simple fact that we are a manipulated system of the banking cartels, by a system of credit that is designed so that it can never be repaid.

As long as a country allows others to control their issuing, printing, coining, and setting the values of that currency, that country will always be at the mercy of those who do. It’s simple, not complex. We stopped controlling our own destiny after the criminal senators and bankers fraudulently put the cancer in place in Dec 1913, signed by our own criminal president Woodrow Wilson. Yet, another proven sell out and traitor to his country.

When will we learn that until we stand up and take back control of our own currency, which is clearly written in Article 1, Section 8, and we are not allowed to use fiat currency as stated in Article 1, Section 10 of the Constitution, that we will have no control of our country’s destiny.

Our leaders and politicians have lost their way, and have for the past many years thrown it’s citizens overboard. But no one seems to notice, and no one seems to care. Why?

]]> By: Las Vegas Nevadahttp://www.biggerpockets.com/renewsblog/2008/08/23/warren-buffet-says-the-game-is-over-for-fannie-and-freddie/#comment-59527 Las Vegas Nevada Sun, 24 Aug 2008 19:15:49 +0000 http://www.biggerpockets.com/renewsblog/?p=1198#comment-59527 Eugene is exactly right. Better to have your money sitting in a piece of property than a bank right now. All of those homeowners that lost their property still need a place to live. Rentals are going to be where its at for the next couple of years. Hopefully by then this giant mess will be straightened out. Eugene is exactly right. Better to have your money sitting in a piece of property than a bank right now. All of those homeowners that lost their property still need a place to live. Rentals are going to be where its at for the next couple of years. Hopefully by then this giant mess will be straightened out.

]]> By: Eugene Oregonhttp://www.biggerpockets.com/renewsblog/2008/08/23/warren-buffet-says-the-game-is-over-for-fannie-and-freddie/#comment-59523 Eugene Oregon Sun, 24 Aug 2008 08:25:43 +0000 http://www.biggerpockets.com/renewsblog/?p=1198#comment-59523 I agree with your take; the common man will get the short end of the stick while guys like Paulson with the money and influence will come out if not ahead, at least not losing too much.I think right now it is better to own real estate than have your money sitting in the bank. I'm not the only one I know that believes that. I have sold several homes lately to people that said just that. Find the right deal and it's a good time to own rentals again. I agree with your take; the common man will get the short end of the stick while guys like Paulson with the money and influence will come out if not ahead, at least not losing too much.

I think right now it is better to own real estate than have your money sitting in the bank. I’m not the only one I know that believes that. I have sold several homes lately to people that said just that. Find the right deal and it’s a good time to own rentals again.

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