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Well we know from a few posts that Obama amassed quite a nest egg from Fannie/Freddie in 2 years. He was the second highest on the list next to Chris Dodd. Keeping in mind Chris earned his over a decade! Kerry, Clinton etc. were in the top 10. McCain was on the list but it was only a couple thousand. Looked more like real campaign contributions compared to the others.

It will take years for it to come out? I hope not, especially if they are in any way running for President of the United States.

I love Free Republic, but right now it seems that day after day it gets more depressing. I know we can't stick our heads in the sand and hope this will go away, but how do we fight back? The FBI needs to be doing the Peoples investigation, not the governments.

First the Democrat sponsored oil embargo, that's what I call it. And the hoax of an energy bill they presented as a rebuttal to Republicans everything plan. What I watched and read it boggles my mind. The Pelosi and Pickens 10 billion dollar boondoggle too. We know she broke the law with this, but is anybody investigating it?

Second this “market crisis.” Do they really have their hands in this mess deep enough to crash the market? Or is it all an over exaggerated brewed up election hype to a much needed market correction? I've said it over and over that everyone who invests knows they could lose it all. Now, if corruption causes it to fail people should be prosecuted!

Democrats and a few helpful Republicans built this House of Cards. Innocent people are going to be hurt by its collapse, but then that is why what they did is criminal fraud. They bought and sold pieces of paper as if they had secure value.

The reality in my small mind is the real estate is still there whether the mortgage was paid or not. Foreclosure is what keeps the market fluid and not clogged up with junk paper. The people either need to be booted to the curb or refinanced in such a manner as that affordable payments can be made, or they themselves need to sell the property off.

That is why listening to Paulson/Bernake today sounded ludicrous to me when they said they didn't know how to value this “stuff.” All of this was based on high-risk mortgages and the paper can't be worth more than the value of the actual real estate. Investors/lenders aside that in my small world is the core of the matter. The real estate is still there, it hasn't gone away. What has been shredded is the paper the value was written on.

We have rules already in place to deal with the people who over bought houses. It is called bankruptcy court. Some of these folks had no business trying to buy a house (defrauded the lender), some fell on hard times, and others were mislead(lender defrauded buyer). That is what happened on the lowest level of this pyramid. The FBI is now investigating the second level of this scheme, the over valued paper brokers.

All in all though if we let the free market resolve this, We the People, will not need 700 billion to bail out criminals. FDIC will cover some it, some like my state will be able to take advantage of victims of crime laws and receive some compensation that way. Other folks, like me an investor, will more than likely have already gotten out reach of these fraudulent funds or as I said earlier take the hit; fully understanding that was the risk we took by choosing to invest in these type of market products.

I will gladly see the perpetraitors(traitors) of this huge fraud go to jail. My desire to see them taken out and shot for treason against the American people/Free World...most likely won't pass muster. Although some days I think China has something about how they handle their fraudulent power brokers.

In business, you don’t throw good money after bad.

Some of these folks had no business trying to buy a house (defrauded the lender), some fell on hard times, and others were mislead(lender defrauded buyer).

I heard Neal Boortz talking about how ACORN and other community organizers used US law to intimidate banks into making bad loans. Found this most informative page http://boortz.com/nuze/200809/09232008.html on his Web site. Also found this enlightening article on City Journal: The Trillion-Dollar Bank Shakedown That Bodes Ill for Cities.

I hope the FBI follows the money far enough to look at ACORN and its involvement in this mess.

Thanks for your post. Don’t be depressed...WE are fighting back and starting to make gains..despite having 97% of the media in the tank for Obama! Watch this video made by one of the good guys...it will cheer you up!

Obammonopoly
http://www.youtube.com/watch?v=bVxqXxukw7I&eurl=http://ace.mu.nu/

Cheers!