Bookmark for later.
they created it. republicans don’t want to fix it without socialism
Great information. Unfortunately, the mainstream media, where most people get their news, will not dare report this.
Ping!
Our government at work.
Who does these stories only go back to 2005? That was just when the problem was really noticed and a bill was put forth to correct it. But the problem started way back in late 70’s under Carter, and was expanded in the early 90’s under Clinton.
So, why on earth isn't Kevin Hassett advising McCain to get out there and destroy the Democrats with this data?
Knowing all he knows, why on earth did McCain vote YES on the bail-out?
Arrrggggghhhhh......
I just got stiffed for some video production work by a company that was trying to capitalize on the low-end mortgage market fallout. They had gotten paid two months ago for the work I did, and now they say they are having cash flow problems. The b@stard asked if I could process a credit card. I had to laugh at that one, because he’ll probably just fold and let the credit card company eat the debt from his bankruptcy proceedings.
Is it any wonder these clowns are ruining the financial markets?
bttt
This may be in the wrong place and a bit long but I wanted to share this e-mail I received with you all.
This is an article written by Charlie Reese, a former columnist for the
> Orlando Sentinel Newspaper.
> Very interesting perspective on the state of our Nation!
>
> -——Original Message-——
>
> 545 PEOPLE
> By Charlie Reese
>
> Politicians are the only people in the world who create problems and then campaign against them. Have you ever wondered why, if both the Democrats and the Republicans
are against deficits, we have deficits? Have you ever wondered why, if all the politicians are against inflation
and high taxes, we have inflation and high taxes?
You and I don’t propose a federal budget. The president does. You and I don’t have the Constitutional authority to vote on appropriations. The House of Representatives does.
You and I don’t write the tax code, Congress does.
You and I don’t set fiscal policy, Congress does.
You and I don’t control monetary policy, the Federal Reserve Bank does.
One hundred senators, 435 congressmen, one president, and nine Supreme Court justices 545 human beings out of the 300 million are directly,legally, morally, and individually responsible for the domestic problems that plague this country.I excluded the members of the Federal Reserve Board because that problem was created by the Congress. In 1913, Congress delegated its Constitutional duty to provide a sound currency to a federally chartered, but private, central bank. I excluded all the special interests and lobbyists for a sound reason. They have no legal authority. They have no ability to coerce a senator, a congressman, or a president to do one cotton-picking thing. I don’t care if they offer a politician $1 million dollars in cash. The politician has the power to accept or reject it. No matter what the lobbyist promises, it is the legislator’s responsibility todetermine how he votes.Those 545 human beings spend much of their energy convincing you that
what they did is not their fault. They cooperate in this common con regardless of party.
> What separates a politician from a normal human being is an excessive amount of gall. No normal human being would have the gall of a Speaker, who stood up and criticized the President for creating deficits. The president can only propose a budget. He cannot force the Congress to accept it.
The Constitution, which is the supreme law of the land, gives sole responsibility to the House of Representatives for originating and approving appropriations and taxes. Who is the speaker of the House? She is the leader of the majority party. She and fellow House members,not the president, can approve any budget they want. If the president vetoes it, they can pass it over his veto if they agree to. It seems inconceivable to me that a nation of 300 million can not replace 545 people who stand convicted — by present facts — of incompetence and irresponsibility. I can’t think of a single domestic problem that is not traceable directly to those 545 people. When you fully grasp the plain truth that 545 people exercise the power of thefederal government, then it must follow that what exists is what they want to exist. If the tax code is unfair, it’s because they want it unfair. If the budget is in the red, it’s because they want it in the red. If the Marines are in IRAQ , it’s because they want them in IRAQ . If they do not receive social security but are on an elite retirement
plan not available to the people, it’s because they want it that way. There are no insoluble government problems.Do not let these 545 people shift the blame to bureaucrats, whom they hire and whose jobs they can abolish; to lobbyists, whose gifts and advice they can reject; to regulators, to whom they give the power to regulate and from whom they can take this power. Above all, do not let them con you into the belief that there exists disembodied mystical forces like “the economy,” “inflation,” or “politics” that prevent them from doing what they take an oath to do. Those 545 people, and they alone, are responsible. They, and they alone, have the power. They, and they alone, should be held accountable by the people who are their bosses provided the voters have the gumption to manage their own employees.
> We should vote all of them out of office and clean up their mess!
>
> Charlie Reese is a former columnist of the Orlando Sentinel
> Newspaper.
Bump.
In short, all the anger directed at “Wall Street” would be better and more deservedly focused at the “family” and “conscience” of Fannie Mae and Freddie Mac (as Franklin Raines called the Senate and House Rats protecting him in 2005).
Yes, the Wall Street bankers took advantage of the market created by Fannie and Freddie. To some extent, that is what they were supposed to do for their shareholders. But it was the enlargement of Freddie and Fannie’s role in the market-—IOW, it was the U.S. Government-—that directly caused this crisis.
There must be accountability.
Bookmark bump
Burning Down the House (how the Democrats caused the global financial meltdown)
House Democrats Covering up Grave Risk posed by Fannie Mae---In Their Own Words.
Nice catch!