[kittymyrib]

Rush is blasting McCain for wasting his time talking about earmarks today on the campaign trail, when he should be telling the people that the Democrats caused the mess in our economy.
He played tapes of the congressional hearings in 2005 in which the GOP was demanding a cleanup of Fannie Mae under the crook at the top, Franklin Raines, and the Black congress critters were practically calling them racists and lauding the job FM was doing “helping the poooor” get houses with 100% financing!

[Arec Barrwin]

I agree

[jennyjenny]

I’d really like to get my hands on those tapes.

[Calpernia]

>>>and the Black congress critters were practically calling them racists and lauding the job FM was doing “helping the poooor” get houses with 100% financing!

As per this NY Times article, they are protecting their base.

Excerpt:

Demographic information on these borrowers is sketchy. But at least one study indicates that 18 percent of the loans in the subprime market went to black borrowers, compared to 5 per cent of loans in the conventional loan market.

And let's see who one of the endorsers of the original bail out was:

http://dpc.senate.gov/dpc-new.cfm?doc_name=lb-110-2-35
S. 2636, the Foreclosure Prevention Act of 2008

endorsed S. 2636:

· ACORN

· Black Leadership Forum

· Lawyers Committee for Civil Rights Under Law

· Leadership Conference on Civil Rights

· National Association for the Advancement of Colored People (NAACP)