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"CHETRY: And quickly, because we're almost out of time here, but do you see this getting done? You talk about all of the challenges ahead of us. Do you see us being able to pass something that's workable? KECKLEY: We'll pass something. What that might be, we don't know. But I think we will. "
LOL...sounds very much like something may or may not be workable
as well, OneUnited, based in Boston, witnessed a nearly complete evaporation of its capital level after the U.S. government seized control of Fannie Mae and Freddie Mac. It’s Tier 1 risk-based capital sunk to 1.88% of assets, far lower than the desired level of 6%. A lawyer for OneUnited called Barney Frank and another democrat representative to complain about the effects of the U.S. government actions on OneUnited.
The other representative that OneUnited called was Rep. Maxine Waters of California. Waters is the head of the House Financial Services subcommittee on housing, and until last spring Maxine Waters’ husband Sidney was a OneUnited director. Barney Frank has “longstanding ties” to OneUnited and had a deposit account there in the 1960s. Frank, who was intimately involved in writing the TARP bill, admittedly wrote a provision into the bill that gave special consideration to banks holding less than $1 billion in assets but that had been previously well-capitalized — characteristics that melded perfectly with OneUnited. He even said, “I did feel that it was important to frankly try and save them since it was federal action that put them into the dumper.”
Barney Frank maintains that he asked that OneUnited be given consideration for TARP funds “without in any way impinging on their safety and soundness rules.” He also says that the fact that OneUnited is Massachusetts’ only African-American-owned bank would have made it a “social tragedy” had OneUnited not been supported by the government after government actions caused its downfall. For her part, Rep. Waters says that she was unaware OneUnited received any funding one way or the other.
by mid-December, oneunited it had received $12 million in bailout funds.
Waters did not respond to requests for comment.
you can google online for other improper business dealings by mr and mrs waters.
She is an idiot! She needs to take Pelosi and her other cronies and sign up for their end of life meetings with their Dr's. They have nothing else to contribute other than their socialist views.
I remember well. I remember George W. Bush was a legacy student, I remember George W. Bush was given preferential treatment to acceptance into a flight school he had no business being in, then he went aWol and had his Daddy clear things up for him. Then this bumbling dolt sat back while his handlers, Karl Rove and brother Jeb stole Florida and the next 8 years were a DISASTER. He brought fascism to America, or more accurately, sat back stupidly while the foxes were given the keys to the henhouse.
Of course, the man still has supporters who are clearly even more stupid than that idiot was.
Barack Obama didnt have family connections and was not given the gift of a college degree like the idiot frat boy from Texas
I noticed it too .. kind of hard to keep a straight face when there are folks sitting right next to you who've got their mouth in high gear and their brain in neutral
Waters is a far left radical and insists that the best course for the black community and the nation is more socialism.Since she came on the scene,in all of her countless media appearances,I have NEVER seen or heard her in a good mood,she is always shrieking about something in that shrill accusing voice.She could be the poster child for the stereotype "Angry Black Woman".
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