because she wants to get elected.

I guess once she takes over total control of the Medical Care, and the control of Profits of companies she is going after state control of the money too. Now if that ain’t a communist beitch I don’t know what is.

Now lending in our mortgage industry is world politics?

I guess you haven’t purchased a home lately.

The mortgage industry is foreclosing on more homes than ever because of predatory lending practices, fine print, sub prime rates and rates attached to prime interest rates.

Cleaning up this industry is important if you are in one of those situations.

PS Fanny Mae is a National lending institution.

Many mortgages are backed by Federal programs (fannie mae, Freddy Mac) and interest is tax-deductable, so how mortgages are handled does have national implications. If I were president, I would disallow the interest tax deduction for risky types of mortgages, interest-only mortgages, etc. The tax advantages were designed to help people buy homes, not to help them game the system and avoid paying taxes. Many people are getting into these high-risk loans, and the government will have to bail out the banks when the loans default.

Do you want people to (A) avoid paying taxes by taking an interest-only loan, then (B) make taxpayers cover their losses when they default?

Didn’t think so. This is what the Dems want to clean up.

Because, if you read the news, it is a fail safe plank in any candidates election platform. The sub primes in mortgage lending are already down the tubes and she, and the other runners, can say “I told you so and I addressed this problem early on.”

Global Warming
Mortgage Lending
Health Care
Immigration
Budget/military plus
*Add your own from the news.

Above are some planks which every U.S. Demopub or Republicrat politician will have this year; and Saddam Hussein wished he had. A political platform which not only will never give way; but will keep the same people afloat in the public trough until the trough itself breaks.

Nothing in favor of the ‘c’ word; but monitary policy is not a state issue as it seems in your second question. Second people in Washington, from the President on down, receive their directions on money from outside the Federal system. So not to worry!

Going back over the years you can find the money grab and platform game played by both sides. Look at nursing home financing in the 60s and banks crying about not being in the mortgage business. Don’t forget the big big losses. not many years ago, requiring something called Resolution Trust; to bail out another big mortgage scam. A lot of scammers got to buy up the original scams.

While you are worried about this latest mortgage scam another big scam is already in the works and little ones are running all the time.

Dig down through all the lending paper work behind the big federal progams and business projects and you will find foreign money from the East or old U.S and European money from the West, both religious and secular, holding control.

Oh, we porgot liberation, equality and equal rights.

The banking industry, in the past, was regulated by the Federal government. Federal government insured FHA loans and VA loans to enable military to qualify for home loans. The Fannie Maes have to follow guidelines set by congress. A change is long overdue; we have qualified people who seem to be literate running for the office. Maybe it is time for a female president.