Free Republic

How did the Clintons get so WEALTHY on government salaries? This is the question you must answer before you vote in November. Hillary states that she is the candidate of the common person, the one standing against Wall Street. But what is the truth? Notice in the chart above that the rise in Clinton wealth is coincident with Hillary's term as Secretary of State. The documentary Clinton Cash documents exactly HOW this occurred.... Was Bill Clinton's Economy Good OR Is He Responsible for the Mortgage Meltdown? Time Magazine states: "President Clinton's tenure was characterized by economic prosperity and financial deregulation,...

What you’re about to read is a real blood-boiler. Mortgage meltdowns and housing bubbles don’t cause themselves, they are caused. The root cause of our current housing mess was massive government intervention that went horribly wrong. In previous columns, we covered the early precipitating causes. Now, let’s stroll back to the latter half of the 1990s decade. The Clinton Administration had already hot-wired CRA and HUD to extend home ownership to all citizens, regardless of their creditworthiness. Congress and the Federal Reserve then jumped on the bandwagon. This activism caused mortgage standards to be relaxed across the industry. Clinton juiced-up...

Sherlock Holmes & Moriarty fighting over the Reichenbach Falls, Paget Whodunit? The Russians? People's Republic of China? Any Muslim nation? European and any other friends of George Soros, acting "collectively?" Money handling for the rich and powerful is what he does, after all. I mean, as well as destroying national economies and governments. I mean, as well as the private funds of people who live in those nations -- sort of like Bernie Madoff, only worse. If it takes the wealth of a nation to pull this off, how about the wealth of the central banks and bankers upon which...

Over at the Wall Street Journal, there's a very interesting article that connects the dots between ACORN, the mortgage-lending-standard-destroying Community Reinvestment Act legislation, Fannie Mae and the eventual inflation and collapse of the housing bubble in last decade: As Allen Fishbein, currently an adviser for consumer policy at the Federal Reserve, has noted, Acorn and other community groups were informally deputized by then House Banking Chairman Henry Gonzalez to draft statutory language setting the law's affordable-housing mandates. Interim goals were set at 30% of the single-family mortgages purchased by Fannie and Freddie, and the Department of Housing and Urban Development...

WASHINGTON – In 2006 and 2007, Goldman Sachs Group Inc. peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages but never told the buyers that it was secretly betting that a sharp drop in U.S. housing prices would send the value of those securities plummeting.....

Did the Community Reinvestment Act—the 1977 federal law pressing banks to lend to low- and moderate-income borrowers—fuel toxic lending and thus play a significant role in causing the financial meltdown? “CRA was not the cause of the crisis,” Comptroller of the Currency John Dugan maintained this past August. Though he had little quantitative detail about the performance of CRA-related loans, Dugan claimed that they had performed better than loans made by lenders not subject to the CRA. Further, he contended, borrowers of CRA loans had defaulted at much lower rates than borrowers of subprime mortgages. Other defenders of the act...

The 1977 Community Reinvestment Act, enacted under President Jimmy Carter, was intended to end "redlining," a practice in which banks supposedly ruled off many inner-city neighborhoods on their maps, refusing to issue mortgages within their boundaries. The immediate result was that -- to please regulators who have the power to shut down private banks -- bankers started reducing their financial standards, issuing loans to low-income or low-net-worth customers who might not previously have qualified. These lowered standards led, in part, to the housing market meltdown. But the Community Reinvestment Act did something a lot more troubling than that. It allowed...

Stimulus: The group that pushed banks into the risky loans that brought the economy down is now eligible for a huge chunk of stimulus cash. The stimulus plan does create jobs — for community activists.As in any agreement, contract or piece of legislation, the devil is in the details. So it is with the stimulus package percolating in Congress. Analysts are beginning to figure out that only a small percentage of the money will actually trickle down into the economy in the first two years, not enough to do much stimulating. Yet in this package is a $4 billion pot...

I think a lot of people are missing something here, I hoped I could bring focus to it more. This girl Kenya is trying to buy a house. That gets lost in the child prostitution part(and for good reason) but what it does is expose a part of the mortgage crisis that us conservatives have talked about for a while. ACORN couldn't do what it's doing without all the help it gets from government. Not just the 501c3 status, but also all the laws on the books that make way for politically correct loans. Now let's say this all actually...

June 28, 2006, 7:12 a.m. Bears a Close WatchChina knows our next Treasury secretary well. By Frank Gaffney Jr. As the Senate Finance Committee considers President Bush’s nomination of Henry Paulson to be the next secretary of the Treasury, the question is not whether he will be confirmed. That seems assured, as senators in both parties behave like star-struck groupies in the presence of a Wall Street “master of the universe,” whose net worth, from his time as a senior executive of Goldman Sachs, is estimated to be on the order of $600 million. Rather, the question is: Will any...

Ron Paul’s bill to audit the Federal Reserve (HR 1207) now has 271 co-sponsors, and the numbers keep growing! At the same time, HR 1207’s companion bill in the Senate, S 604, has already attracted 13 co-sponsors! This is history in the making, and victory is within reach. Imagine what will happen if HR 1207, The Federal Reserve Transparency Act, comes up for vote in Congress! With more than 55% of the House of Representatives already co-sponsoring this bill, it has real potential to pass — BUT only if we educate and rally the people to support it and get...

City Council members on Tuesday approved a resolution authorizing the city to file suit against national lenders who they say created a foreclosure crisis in Memphis and Shelby County that disproportionately affected African-Americans. The resolution alleges lenders engaged in "deceptive" and "discriminatory" lending practices targeted at the black community and "other select groups" that caused "substantial" and "irreparable" harm to neighborhoods and the governments. The Shelby County Commission recently approved a similar resolution, claiming the foreclosure epidemic has devastated neighborhoods, slashed property values, eroded the tax base and drained local government coffers because of a host of direct and indirect...

When it comes to bailouts of American business, Barney Frank and the Congress may be just getting started. Nearly two trillion tax dollars have been shoveled into the hole that Wall Street dug and people wonder where the bottom is. As correspondent Scott Pelley reports, it turns out the abyss is deeper than most people think because there is a second mortgage shock heading for the economy. In the executive suites of Wall Street and Washington, you're beginning to hear alarm about a new wave of mortgages with strange names that are about to become all too familiar. If you...

A new National Republican Senatorial Committee ad answers the question, "Who's to blame," for the Mortgage Meltdown with Fannie Mae and Freddie Mac. . . . . (Watch Video)

Isaiah 65: 21 They will build houses and dwell in them; they will plant vineyards and eat their fruit. 22 No longer will they build houses and others live in them, or plant and others eat. For as the days of a tree, so will be the days of my people; my chosen ones will long enjoy the works of their hands. 23 They will not toil in vain or bear children doomed to misfortune; for they will be a people blessed by the LORD, they and their descendants with them.

http://www.youtube.com/watch?v=usvG-s_Ssb0 Explosive CEO calling Obama and Dems the "Family" "Conscience" of Fannie Mae The Banking Failures are because of the Housing Crisis, which was caused by mortgage lenders handing out bad loans and the biggest offenders: Fannie Mae and Freddie Mac The Democrats have been taking PAYOFFS from Fannie and Freddie to look the other way FOR DECADES! NOW VIDEO FOUND of the CEO of Fannie Mae in 2005 explaining the "FAMILY" connection with Democrats And specifically Barack Obama and the Congressional Black Caucus

"Two years ago, I warned that the oversight of Fannie and Freddie was terrible, that we were facing a crisis because of it, or certainly serious problems," Sen. John McCain, R-Ariz., told CBS this morning. "The influence that Fannie and Freddie had in the inside the Beltway, old boy network, which led to this kind of corruption is unacceptable and I warned about it a couple of years ago.” How does this claim of foresight square with this interview that McCain gave to the Keene (NH) Sentinel, discussing the subprime mortgage crisis, in December 2007? Q: “Well the dimension of...