Posted on 09/23/2008 7:04:32 PM PDT by bahblahbah
Five years ago, Republicans proposed "the most significant regulatory overhaul in the housing finance industry [in a decade]." (Source: New York Times)
Democrats on the House Financial Services Committee blocked efforts at fixing Fannie and Freddie. Rep. Barney Frank (D-MA) said, "Fannie Mae and Freddie Mac... are not facing any kind of financial crisis,"
At least 18 times since 2001 Democrats blocked efforts at overhauling Fannie and Freddie even as accounting scandals and executive ripoffs became public.
Why? For starters, the top two recipients of Fannie and Freddie campaign donations were Democrat fatcats Chris Dodd ($165K) and Barack Obama ($126K) (Source: Open Secrets)
And Fannie Mae paid well. Clinton-era Democrats, serving as the CEO, CFO and Vice Chairman, paid themselves $200 million in only six years even while a $10 billion accounting scandal was exposed. (Source: Wall Street Journal)
And Democrats like Chris Dodd also got favorable loans under a "VIP program." Dodd alone saved over $75,000 on his mortgage payments. (Source: Conde Nast Portfolio)
So where are former Fannie Mae CEOs like Franklin Raines ($90 million in salary) and Jim Johnson ($21 million in salary in one year)? As you might expect, they're serving as Barack Obama's key economic advisers. (Source: Washington Post)
Hiring Fannie Mae's two former CEOs as economic advisers? Barack Obama: not ready to lead.Labels: Crime, Democrats, Economy, Obama
its coming
Make it ad ad, get it on YOUTube!
When???
Our side is flubbing this badly, and if someone doesn’t put a stop to what’s going on in Congress now our children are going to be in a world of hurt.
There is plenty the 527’s could go after. Did they get scared off?
December
Very Nice Work!!!
Where the hell is the RNC or do we have too many dirty ones?
Where the hell is the RNC or do we have too many dirty ones?
Oh, the RNC answered already. They had McCain blame Bush and Cox. Then, McCain wants Cuomo, the guy helped grease the skids for Fannie and Freddie. Oh, and McCain could not bring himself to mention Dodd or Barney. This is our candidate???
I wonder what they fed him in Vietnam, he had become unglued. He has lost 5 points in 3 days.
Very nice.
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