PLEASE tell me we have video on this!
It’s Clinton’s fault!
Ours.
The cycle is like this: Liberals, operating from their “feeling centers”, create a mess. The public cries out for a solution. The adults (Republcans) are brought in to clean up the mess. The public breathes a sigh of relief. After years of well being and complacency, the Liberals rise up, demanding “fairnes”, and create yet another mess. And on and on.
Great article! Thanks for posting it.
Where are the public Congressional hearings about the obscene salaries which were paid to the Clinton appointees who drove Fannie Mae and Freddie Mac into the ground?
Well who’s in charge of the Senate Banking committee, thats right Obama’s friend Chris Dodd.
PLEASE tell me we have video on this!
This needs a two-part response:
1. Democrats blocked meaningful reform of GSE oversight, proposed by Republicans, for years
2. And which presidential candidate has received (by orders of magnitude more than his opponent) large amounts of political contribution $$$ from them (and from all the major Wall Street players he decries on a daily basis)?
Gorelick’s, then Raines!!! They were catering to the caterwallering of the COMMUNITY ORGANIZERS!!!
Who? the borrowers who signed up for more debt than they could handle. THEY ultimately made the choice that crashed.
I bought a house a couple years ago, and was stunned at how much I was offered in credit - but it was ultimately up to ME to decide where the line was.
“AFFORDABLE housing.”
“AFFORDABLE healthcare”
“AFFORDABLE food.”
“AFFORDABLE transportation”
“AFFORDABLE education”
Loans to unqualified buyers, high interest rates.
Universal healthcare (Hillary care).
Food Stamps/USDA subsidies.
“Get people out of their cars/SUV’s” into buses.
More property taxes.
McPalin MUST do a better job reframing this currnt financial crisis to reflect the points made in this article. The Dims are seizing the stock market falling to blame it on the GOP. Sheeple will buy it if it is not effectively counter-reframed.
Once again a supposedly well-meaning Dem/lib policy comes back to bite the country in the posterior. Clinton not only handed a recession off to Bush, he handed off a bacillus that would grow and chop off an economic surge at the knees. Thanks all you corrupt (Frank, Raines, Gorelick), “we meant well” Dems. (smirk)
Crooked business people who gave out the loans with no interest (no pun intended) in whether they'd be repaid because they just bundle 'em up and sell 'em to somebody else and greedy, irresponsible Americans who gobbled up the loans because they've been conditioned to live beyond their means and spend like drunken sailors.
One thing that was drummed into me as a child was to live within my means and avoid debt like the plague. I'm happy to have lived with the scorn this brought me because I have zero debt, owe nobody anything and sleep very well at night.
There you have the Fannie Mae problem in profile. Mr. Frank wants you to pick up the tab for its failures, while he still vows to block a reform that might prevent the same disaster from happening again.[excerpt]At least the Massachusetts Democrat is consistent. His record is close to perfect as a stalwart opponent of reforming the two companies, going back more than a decade. The first concerted push to rein in Fan and Fred in Congress came as far back as 1992, and Mr. Frank was right there, standing athwart. But things really picked up this decade, and Barney was there at every turn.
Video: Fannie Mae Scandal and Obama’s friends
Youtube ^ | 9/15/08 | cmddrums
Posted on Mon Sep 15 23:27:09 2008 by april15Bendovr
Articles that inform and raise question about Fannie Mae.
http://www.freerepublic.com/focus/f-news/2083221/posts