[joanie-f]

Please make time to watch and forward to all you can.

[Brad’s Gramma]

bfl

Thanks, joanie....

[meadsjn]

Joanie, thanks for the link to the video.

This, and the news that the Dems wanted 20% of the $700 billion bailout to go to ACORN is much more than "unsettling".

The Obama campaign, the financial mess, the whole Democrat party, and the mainstream media -- all are one huge bunch of corrupt racketeering scum out to destroy this nation.

Civil discourse is NOT going to deter them.

[Quix]

AMEN! AMEN! AMEN!

[ForGod'sSake]

Thanks joanie and Jeff. Had seen most of this one a day or two ago but still in all, an excellent video. Some background:

I spent most of 15 years in the mortgage and mortgage related fields in the Houston area until around 1985. The time period during the early 80's was to be the genesis of much of modern day "creative financing". The story is too involved and would take too long to tell but I'll share this with you: It was quite a ride while it lasted!

Suffice it to say, a similar scenario is playing out today on a much larger scale. Similar path; similar results. The boom turned to bust. Many companies involved in the building, marketing and financing of real estate went out of business. Some, like my employer, cut back dramatically in their participation in Houston and other markets; at the same time releasing about half their sales force. I was one of the casualties.

Other similarities are there. For example, there were red flags being sent up back then by, amongst others, my company. The information re the impending crash was met with all manner of reaction, but for the most part the few that actually cared might ask, "Well, what can we do about it?" The answer leading up to the current crash is probably the same as back then: Not much.

There is apparently a point of no return, that is, a point at which the "bubble" has reached XX.XX proportions, when a crash, or at least a significant "adjustment", will occur. I don't know if these cycles can be avoided given the desire in many/most industries for a competitive advantage over one's competitors. It may be as natural as the sun coming up for all I know.

Well, I've rambled a bit and have not really added much to the conversation about what, if anything can be done at this point about the problem. Except maybe to make an observation and steal an old idea and put it in new clothes: Any government big enough to fix this mess is big enough to create the mess in the first place.

The states need to reclaim their rightful powers under the constitution.

P.S. It took about five years to recover, but recover it did! Houston and Texas not only survived the crash(es), but have since flourished, and may in fact be the better off for it.

[Smokin' Joe]

Thanks joanie, I sent it out to the horde.

It explains things pretty well.

I still disagree with much of McCain’s Amnesty bit, but there can be no doubt at this point that he is emminently preferable to Obambambi.

[hiredhand]

I just spent about two hours researching the CRA of 1977 and provisions for subprime loans added in 1995, and the despicable bastards involved in it up until now. Then I called my legislators.

I asked their offices if they were getting a lot of feedback about this and they said that this was an UNDERSTATEMENT. One Senator's office I called was nothing short of crazy (I could hear it in the background). The aid even told me so, and the reason was because this very subject. But all legislator's offices were getting indunated with calls.

They can't be permitted to pull off this heist. People need to keep calling.

[betty boop]

The video is magnificent, joanie-f! It names names, and I like that. Clearly the Democrats in Congress are responsible for this mess, as this video documents beyond a reasonable doubt.

I'll certainly pass it along!

[Minuteman23]

Joanie, the video is linked on the Drudge Report now, about halfway down the left side of the page.

[PGalt]

Thanks very much joanie-f for the ping, link and commentary! Great stuff!

Truth/freedom BUMP!

[Czar]

Done!

The best way for me to quickly cover my email distribution for the video was, I freely admit, to use a great deal of your own language from this thread. I hope you won't mind--it was the fastest way to cover a lot of ground.

[brityank]

Many thanks, Joanie; surely shows where this all stems from.

I'll ping you to one I pulled for us dummies. ;^)

[TSchmereL]

It looks like we got mugged and the cops are in on it.

[CharlesThe Hammer]

Bravo! Lock and Load.