Good video.
Great post.
the guy is still a leftist and an arsehole
No mention of the lawmakers who encouraged people who had no business buying a home to buy one even though homes were completely over-priced.
No mention of Fannie and Freddie... 2 Democratic darlings... who also got cheap funds from the Fed and used those funds to facilitate millions and millions of mortgages that could never be paid back.
No mention of Franklin Raines’, Fannie Mae CEO and another darling of the Democrats, $90 million dollar paycheck.
No mention of Janet Reno’s threats in the 1990’s to shut down banks that did not do enough low-income lending.
No mention of ACORN protests in the lobby of the banks.
No mention of the Federal income tax system that encouraged people to over-invest in real estate.
No mention of the lack of financial literacy taught in our failed public schools.
No mention of the fact that Ben Bernanke has doubled-down on Alan Greenspan’s low rate policy by taking rates down to almost zero.
No mention of the fact that Tim Geithner and Bernanke are old-timers at the Fed.
No mention of the fact that the majority of political donations from Wall Street and Fannie/Freddie go to Democrats.
You want a video that explains what happened?
Here ya go:
“Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis”
http://www.youtube.com/watch?v=_MGT_cSi7Rs
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