Posted on 10/15/2008 3:51:51 AM PDT by mosesdapoet
Greed! Greed Is Good ! A brief factual historical review of the sub-prime debacle and who caused it. Done with a perspective but no name calling which every concerned American but Obama supporter should be made aware of. Written for those without computer access, but reliable sourced for those who do, the article can be printed on two 8 X 11 sheets both sides for easy distribution.
Greed Is Good, starts with the Carter days when high inflation and unemployment caused a drop in the housing market up to and beyond the passage of the Trillion (not 700 million $ as main stream media is reporting) so called "bailout" It points out that while the sub-prime mortgage failure occured during a Republican administration the control over sub-prime regulations was legislated by laws created by the opposite party which controled both houses of Congress and refused to revise them.
Working on cash and stock sale incentives sucessive CEO's of Fannie Mae/ Freddie Mac quasi-government businesses collectively earned nearly a quarter of a billion take home, bundling worthless mortgages many secured with a $500 down payment and selling them worldwide.
Those same CEOs have played a key role in Obama's presidential campaign, and video in the article has one CEO (Daniel Mudd) praising Obama for "help" during the same year McCain proposed reforms on sub-primes. Only to be shouted down with Obama's support by key Democrats, Sen; Chris Dodd ,and Rep; Barney Frank.
The sourced-linked article includes disclosures on ACORN, the votes by House and Senate members, and the pork ladened bailout bill which includes incentives called "Vig" for leading democratic party members which gets no attention from main stram media
Sorry, that’s a 17 page dissertation. If you print that on 2 sheets of 8-1/2x11 you’ll never be able to read it. Nobody I know has eyesight that good.
THATS MISINFORMATION .......Like Omama’s ads....
THE ENTIRE SITE IS 17 PAGES NOT THE ARTICLE !, which depending upon the type size you select on view is 4 pages one side on 8 X 11 sheet.You go to print preview 1st, let it download
This fact must be driven home....
Even this blub about the article can also be printed on one sheet is easy to do passed around and would start them thinking
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