Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Friday, November 21, 2008

I Got Nothing

Seriously - I have been sitting around thinking of something to write about - I know its been over a week, but I still have nothing. So we are going with the "stream of conscious" method today kids.


It finally got cooler! I was actually cold even at lunch today, which is rare in Texas. I love the cold, I don't turn my heater on until it is absolutely necessary either. And even then I heat to a mild 65 degrees.


I had a fabulous birthday last Friday. Multiple girlfriends and myself took cabs downtown for some craziness. I was lost after the tequila shot at the first bar... rumors are they found me ON the next one. All in good fun. Needless to say I didn't touch alcohol for 4 days afterwards. I partied like it was my 22nd not my 27th birthday. Then there was that bit of a head cold, what is it that it seems getting sick gets worse as you get older? Maybe when you're young you are confused and don't know whats going on, but with age comes knowledge, and you know it just stinks and you have to ride it out. Was that a run-on?








The down turning economy is really hitting me now. I cancelled my home phone and internet yesterday. I use my cell the majority of the time anyway, and it has internet, Yay for Blackberry! It is attached to me anyway. I can facebook, email, and blog all from there so I will be ok. Another economy change, I hope everyone likes my hair this color, because I can no longer afford to get it professionally done. Color 118E it will remain for the foreseeable future.


As the world turns scared around us, part of me is happy that Obama has been elected. The part that is grateful that as we drop further, which we inevitably will, I will not have to listen to them blaming it all on McCain and those that voted for him...

What can I say.. I always look for the upside.

On another note my mom gave me this little book she bought on vacation when she came in town. It is a "Name fortune teller" which was pretty funny. One of my ex boyfriends "future" was "you will be at the mercy of a girl's whim"... whoops.. I know that was me!! hehe!

On that note...


Stay out of trouble, or don't get caught.

Tuesday, September 30, 2008

A Real Man for Change (not just one who talks of it)

In 2005, it is a matter of national record that one candidate predicted that without regulation, Fannie Mae and Freddie Mac could bring about the downfall of our economy.

And no, it's not the alleged face of "Change" and "Hope", it is the man that needs to be President of the United States, the man you need to vote for on November 4th, John McCain.

Sen Charles Hagel, Sen Elizabeth Dole, Sen John McCain, and Sen John Sununu co-sponsored a bill for reform.

Here is the text available via govtrack.us of John McCain's introduction; please note highlighted portions

John McCain :"Mr. President, this week Fannie Mae's regulator reported that the company's quarterly reports of profit growth over the past few years were "illusions deliberately and systematically created" by the company's senior management, which resulted in a $10.6 billion accounting scandal.
The Office of Federal Housing Enterprise Oversight's report goes on to say that Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets in order to trigger bonuses for senior executives. In the case of Franklin Raines, Fannie Mae's former chief executive officer, OFHEO's report shows that over half of Mr. Raines' compensation for the 6 years through 2003 was directly tied to meeting earnings targets. The report of financial misconduct at Fannie Mae echoes the deeply troubling $5 billion profit restatement at Freddie Mac.
The OFHEO report also states that Fannie Mae used its political power to lobby Congress in an effort to interfere with the regulator's examination of the company's accounting problems. This report comes some weeks after Freddie Mac paid a record $3.8 million fine in a settlement with the Federal Election Commission and restated lobbying disclosure reports from 2004 to 2005. These are entities that have demonstrated over and over again that they are deeply in need of reform.
For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac--known as Government-sponsored entities or GSEs--and the sheer magnitude of these companies and the role they play in the housing market. OFHEO's report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO's report solidifies my view that the GSEs need to be reformed without delay.
Quick Info
S. 190 [109th]: Federal Housing Enterprise Regulatory Reform Act of 2005
Last Action: Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
Status: Dead
I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005,
S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.
I urge my colleagues to support swift action on this GSE reform legislation."


So... Mr. Obama... what was that you said about John McCain being partially responsible for this crisis? Ms. Pelosi, I don't see any democrats co-sponsoring this bill??

Facts are facts people. Don't let the media spin fool you.