The Glade 4.0

“Promoting sustainable homeownership and maintaining ready access to liquidity are our guiding principles in serving the residential markets,” said Williams.

And if they were promoting sustainable home ownership... they wouldn't be in the red $13 billion dollars in 1 quarter.

19 Yet she became more and more promiscuous as she recalled the days of her youth, when she was a prostitute in Egypt. 20 There she lusted after her lovers, whose genitals were like those of donkeys and whose emission was like that of horses.

Yeah... no kidding. Talk about Orwellian.

In comic strips the person on the left always speaks first. - George Carlin

I do not think this word means what you think it means...

Orwellian - relating to a political system in which the government controls every aspect of people’s lives

19 Yet she became more and more promiscuous as she recalled the days of her youth, when she was a prostitute in Egypt. 20 There she lusted after her lovers, whose genitals were like those of donkeys and whose emission was like that of horses.

Yeah... no kidding. Talk about Orwellian.

I'm quite confident I do. Orwellian, in this usage, applies to the perverse co-option of language by a government entity.

Not really. This is too blatantly idiotic to be Orwellian. Orwellian implies at least basic competance at fooling people. This is like when you come home and catch your teenager backing the truck out, and then when you ask where they thought they were going telling you "well it was crooked so I was straightening it in the driveway." It's one of those "Do you think I was born yesterday?" moments.



Except they're not doing that. You're giving them far too much credit. This sort of rank ineptitude at deceiving the public doesn't deserve such dignification.

19 Yet she became more and more promiscuous as she recalled the days of her youth, when she was a prostitute in Egypt. 20 There she lusted after her lovers, whose genitals were like those of donkeys and whose emission was like that of horses.

I disagree. There is simply too much evidence of Fanny's and Freddy's complicity in the current economic situation. They are using this as a screen to deflect blame for that role, and it will work, because most people are content in their ignorance and want to believe government has their best interests at heart.

1) I don't see how they could possibly use their need for yet another government bailout as a screen to deflect blame for their need for a previous government bailout.

2) You don't actually know what "most people" think; you're just assuming they think that.

3) The average person is suspicious of government in some respects, trustful in others, and indifferent in still others, mainly because they realize that referring to "government" as if it were some entity that actually had any collective thought process is nonsensical. "Government" has no hostility nor favor towards people's best interests. It has a conglomeration of people who individually have people's best interests at heart to varying degrees. The fact is that each of those people cares about the best interests of different people, to different degrees, and has different ideas about what serve those interests. Pretending that "government" has any collective ideas is a vast oversimplification.

The fact of the matter is that this will not fool anyone. It's being brought to the public's attention by news outlets that are practically chortling with glee at the opportunity to sell news by exposing ready-made ineptitude, incompetence, waste, and idiocy.

19 Yet she became more and more promiscuous as she recalled the days of her youth, when she was a prostitute in Egypt. 20 There she lusted after her lovers, whose genitals were like those of donkeys and whose emission was like that of horses.

...stupid or nefarious...

19 Yet she became more and more promiscuous as she recalled the days of her youth, when she was a prostitute in Egypt. 20 There she lusted after her lovers, whose genitals were like those of donkeys and whose emission was like that of horses.

I suppose in the over-arching theme of the article is more Randian than Owellian, but the specific excerpt you presented us with was absolutely Orwellian, as it presented the historical mission statement of a government entity stating that it's purpose and roll are and has been the perfect opposite of what they are and what they achieve.

The people who vote in our country have largely incorporated ourselves into the fabric of our government, in doing so we have incorporated the rest of the country as well, as we passed laws that have given rise to a domestic policy that is invasive and pro-active in many aspects of all American lives. Whether I disagree with these things or not doesn't matter, the fact is that they exist, and most voters support some varying percentage of them and feel that the government is acting with their best intentions in mind. In addition to the voting minority, the votes cast by them also effect the largest group of non-voters who benefit from the social programs and infrastructure payed for by others, this second group needs the government to redistribute wealth into it, and support it for that reason. These two groups combined make up a simple majority of our country.

Given my above response, I would say that clearly the government exists because most people are satisfied with it more than they are opposed to it, otherwise we wouldn't have it anymore. For them to be satisfied with it, the good things an individual thinks the government does for him would have to outweigh the bad, or in other words "have the individuals best interests at heart".

You have far more faith in our "news outlets", and have a much higher opinion of the average person than I do.

You guys are seriously arguing over whether these two companies are either stupid or nefarious? Who cares, they both suck, and contributing to further declines.

'We all should have done a better job." So said Senator Chris Dodd yesterday in discussing Fannie Mae and Freddie Mac, in what ought to go down as the understatement of the young 21st century. Yet such general and less-than-abject remorse wasn't enough for Mr. Dodd and his fellow Democrats to vote to reform the money-losing government-owned companies and clean up the mess they made in the mortgage market.

As Banking Chairman, Mr. Dodd was declaiming on the Senate floor that the toxic twins absolutely, positively, no doubt about it, need to be reformed—just not yet. He thus opposed Arizona Senator John McCain's amendment to his financial regulatory-reform bill to shrink the mortgage giants, raise their underwriting and capital standards, cap the taxpayer losses (now $145 billion and counting) and eventually shut down the failed enterprises.
Mr. Dodd countered with a bold plan to authorize Treasury Secretary Timothy Geithner to . . . conduct a study. What has Treasury been doing for the last 17 months? Mr. Geithner is the fellow who lifted the $400 billion bailout limit on Fannie and Freddie last Christmas Eve. Now Mr. Dodd promises that Mr. Geithner will conduct "a tough study." Tough on taxpayers most of all, as Fan and Fred continue to bleed red ink by Treasury design so they can subsidize mortgage borrowers to avoid foreclosure.

For much of yesterday's debate, Mr. Dodd was visibly angry. Perhaps that is because he was left alone on the floor to defend the most expensive of all federal bailouts. Thanks to his own sweetheart mortgage from Countrywide Financial—a leading Fannie business partner—Mr. Dodd isn't running for re-election. But other Democrats chose to spend yesterday's debate in undisclosed locations. They were no doubt thrilled to enjoy federal witness protection from C-SPAN's cameras as Fan and Fred's longtime opponent, Alabama Senator Richard Shelby, described the various reform efforts they had blocked over the years.

The end of an excruciating two hours on the floor finally brought a smile to Mr. Dodd's face. The Connecticut Senator closed his remarks by saying, "All time has expired, I believe . . . I hope."

What taxpayers are hoping for is the expiration of federal charters for these destructive too-big-to-fail institutions. Those hopes were ignored again as the Senate voted down the McCain amendment, 56-43. Only two Democrats, Evan Bayh (Indiana) and Russ Feingold (Wisconsin), voted with every Republican to reform the companies.

Senators can call their pending bill many things, but as Mr. McCain said yesterday, they should not dare call it reform of the financial system.

Facism is not a school of thought, it is a racial slur.