White House Council for Community Solutions Kickoff Meeting Part 1

The White House Council for Community Solutions holds its initial meeting to discuss encouraging the growth and maximizing the impact of innovative community-developed solutions to youth development, education, and employment. February 4, 2011.

Category:

News & Politics

Tags:

• White House
• service
• community
• neighborhood
• civic
• volunteer
• participation
• innovation

[jjrglobal]

@maxistsocialist

Yeah, I heard that always works well, everywhere its been tried has basically turned into a utopia. Something like that or the exact fuckin opposite. You know nothing idiot, socialism is what caused this problem. Creating GSE's so that everyone can own a home is Socialism. A nat'l debt greater than GDP is because of Socialism

[BabybooR33]

illuminati house council for matrix control & slave management

[keysalidemon]

Type PRIZE before youtube and hit enter"

[TheImpeacher]

Just what we need a council to spread the wealth.

[jjrglobal]

@union2045

Why do you never adress the things I bring up? Instead, you change the subject every comment, completely ignoring the points that Im making.. The majority of the bad loans were underwritten by the GSE's, thats why FnF had to be bailed out by the treasury for $400 billion and the Fed had to buy almost four TRILLION dollars worth of the mortgages they guaranteed.

[jjrglobal]

@union2045

You're absolutely right, these loans were originated at places like countrywide and Ameriquest, but 80% of ALL subprime loans were guaranteed by the GSE's. Fannie and Freddie never originate loans, they just guarantee loans. The implied guarantee from the GSE's was the primary reason that investors would buy them and played a heavy role in their rating.

[union2045]

@jjrglobal-- BS!! - the majority of bad loans were from shadow banks such as Ameriquest, New Century, 1st Franklin - completely unregulated and driven by pure demand for mortage backed securities as investment. Because of the AAA rating by the rating agencies which made them secure enough investment vehicles for government pension funds!! Many many of the bad loans were home equity loans and investments. These were pushed by all the banks GSE's were late comers to the subprime game.

[union2045]

@jjrglobal-- BS!! - the majority of bad loans were from shadow banks such as Ameriquest, New Century, 1st Franklin - completely unregulated and driven by pure demand for mortage backed securities as investment. Because of the AAA rating by the rating agencies which made them secure enough investment vehicles for government pension funds!! Many many of the bad loans were home equity loans and investments. These were pushed by all the banks GSE's were late comers to the subprime game.

[union2045]

@jjrglobal-- BS!! - the majority of bad loans were from shadow banks such as Ameriquest, New Century, 1st Franklin - completely unregulated and driven by pure demand for mortage backed securities as investment. Because of the AAA rating by the rating agencies which made them secure enough investment vehicles for government pension funds!! Many many of the bad loans were home equity loans and investments. These were pushed by all the banks GSE's were late comers to the subprime game.

[jjrglobal]

@demmmmm1

Perhaps you should define corporate elite.Since almost all businesses large or small are either corporations or limited liability corporations, who are you talking about? It is difficult for me to believe you own a business and actually believe that if the gov somehow takes more money from you that your employees can benefit somehow, when the fact is that they will have a much less chance of getting a raise the less money you have.inyour pocket. Trickle up sure as hell doesn't work

[demmmmm1]

@jjrglobal I didn't say "business leaders." I said "corporate elitists." There's a difference. I own a business. I don't rape my community as much of the corporate world tends to do.

[jjrglobal]

@demmmmm1

Thats the problem with you liberals, you actually believe the rest of the world is as big a piece shit as you truly are, and therefore the government must be there to protect them. You're figures are exactly opposite the truth, there is less than 1% of business leaders that are shady, the rest are hard working intelligent good people