The (Obambi's DNC) Karaoke (APoopoop/NYT/WaPoop/ABCNNBcBS/pBS/FauxNCBC) Journalists are @ it again.
its' just more (of the same old) Liberal Drivel. 
Posted on 10/19/2008 6:21:02 PM PDT by RDasher
WASHINGTON – Freddie Mac secretly paid a Republican consulting firm $2 million to kill legislation that would have regulated and trimmed the mortgage finance giant and its sister company, Fannie Mae, three years before the government took control to prevent their collapse.
In the cross hairs of the campaign carried out by DCI of Washington were Republican senators and a regulatory overhaul bill sponsored by Sen. Chuck Hagel, R-Neb. DCI's chief executive is Doug Goodyear, whom John McCain's campaign later hired to manage the GOP convention in September.
(Excerpt) Read more at news.yahoo.com ...
Boycott Goodyear!
I heard Glenn Beck say the other day that as part of The Bailout Bill that Congress recently enacted, for every 100,000 dollars of mortgage, ACORN receives 420 dollars. And that’s not just a one-time payment. It’s 420 dollars per 100,000 dollars worth of mortgage over the life of the mortgage.
its like throwing McCain in with the Keating 5....
There is no way that both sides of the aisle did not see the pending disaster of FM/FM. No way. All of Washington is guilty of malfeasance, abuse of power, negligence, and failure to carry out their fiduciary responsibility in this matter.
But the MSM cannot change the President(s) that started the whole mess, along with their accomplices who did the arm-twisting on the lending institutions to give out the toxic loans. And it was not Bush. Say Clinton, Carter, Frank, Gorelick, Dodd, Reno....etc, etc, etc. We know who and why they started it....now they are “fixing” it — with OUR MONEY -— the foxes are back managing the hen house (again) — when many of them should be in prison.
There is no such thing as a “Republican consulting firm.” All consulting firms (of any import) work for both sides.
The (Obambi's DNC) Karaoke (APoopoop/NYT/WaPoop/ABCNNBcBS/pBS/FauxNCBC) Journalists are @ it again.
its' just more (of the same old) Liberal Drivel.
McCain already threw Goodyear under the bus for his lobbyist ties with Myanmar. Just one of many of Reformer McCain’s lobbyist campaign staff cabal.
Simple. Drop a bomblet of old news to take fire away from the message of Obama’s challenger a couple of weeks before the election. Republicans should have been more careful, but this is a distraction from the real scandal, and both Pete Yost and the AP knows this.
Article meant to build up Rino Hagel, who will endorse his Messiah soon, if he hasn’t already (his wife has).
Well if Glenn Beck said it, it must be true. Uh... right?
The real story is buried in the middle. Read it here:
Extract from the last link:
Charter members of the Homeownership Alliance are ICBA, the National Association of Home Builders, Fannie Mae, Freddie Mac and the National Association of Realtors. Representatives of the charter members serve as the Homeownership Alliance’s board of directors. In addition, the alliance has a number of associate members, including the Consumer Federation of America, The Council of Insurance Agents and Brokers, Habitat for Humanity International, Independent Insurance Agents and Brokers of America, National Association of Hispanic Real Estate Professionals, National Bankers Association and the National Council of La Raza. Rick Davis, a well-connected political veteran in Washington, is the Home- ownership Alliance’s president.
Rick Davis and McCain were up to their eyeballs in this sub-prime fiasco- pandering the hispanic demographic.
“Well if Glenn Beck said it, it must be true. Uh... right? “
Please post your proof to the contrary.
January 29, 2001
Mr. Robert S. Seiler, Jr.
Manager of Policy Analysis
Office of Federal Housing Enterprise Oversight
1700 ... Washington, DC 20552
Re: Solicitation of Public Comment on Systemic Risk
65 Fed. Reg. 64718-64720 (October 30, 2000)
Dear Mr. Seiler
The Homeownership Alliance welcomes this opportunity to provide our input on the question of systemic risk as it applies to Fannie Mae and Freddie Mac. The former secretaries of the Department of Housing and Urban Development, Jack Kemp and Henry Cisneros, have noted on our web site:
“America has created the most remarkable system for promoting homeownership the world has ever known. It is a vibrant system that benefits consumers. It links home builders, realtists and Realtors, mortgage lenders, government agencies, secondary market companies, mortgage insurers, community groups and nonprofit organizations, all in a shared desire to expand homeownership opportunities to more American families. The role of the secondary market in this system is vital, and unique to America. Without the American secondary market, the 30-year fixed-rate mortgage that we take for granted would be as rare as it is in other developed nations.”
(snip)
Many of those who question the level of investment in housing point to America’s historically high homeownership rate as evidence of their point. While a 68 percent homeownership rate is impressive, the homeownership rate among minorities still less than fifty percent. As America moves into the 21st century, minority families should be given the chance to reap the benefits of homeownership as well. The continuation of a strong secondary market – anchored by Fannie Mae and Freddie Mac – is the best way to help them achieve that dream while minimizing risks. For the sake of these families, we should do nothing to harm what has made America’s housing finance system the envy of the world.
Sincerely,
[signed: Richard H. Davis]
Richard H. Davis
President
The Homeownership Alliance, Inc.
ping
ping
A broker called into a local news morning show and said that companies/entities will be paid per foreclosure too. Not too sure how that works though.
Emphasis:
>>>McCain’s campaign manager, Rick Davis, or his lobbying firm has taken more than $2 million from Fannie Mae and Freddie Mac dating to 2000.<<<
>>>Richard H. Davis
President
The Homeownership Alliance, Inc.<<<
It wasa caused by ACORN forcing banks to take bad loans and corruption under Frank Raines and Jim Johnson. The regulations were ignored by Frank, Dodd, Meeks, Obama and the DNC. This is a smokescreen.
Pray for W, McCuda and Our Troops
So Rick Davis didn’t write that letter?
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