Posted on 03/27/2009 2:16:18 PM PDT by BuckeyeTexan
Bob Secter and Andrew Zajac of the Chicago Tribune report that, while researching what went at Freddie Mac during the period White House Chief of Staff Rahm Emanuel served on the government sponsored enterprises board of directors, they were unable to get minutes of board meetings and other information:
The Obama administration rejected a Tribune request under the Freedom of Information Act to review Freddie Mac board minutes and correspondence during Emanuels time as a director. The documents, obtained by Falcon for his investigation, were commercial information exempt from disclosure, according to a lawyer for the Federal Housing Finance Agency.
Freddie Mac executives cooked the books, mismanaged the firm, and ultimately drove it into the ground, costing taxpayers billions of dollars. The commercial information exemption is reserved for private companiesFreddie Mac is by no means a private company anymore.
"A large coalition of members of Congress needs to step up and loudly shout STOP!. Governors and state representatives need to join in and yell STOP!. A new contract with the American people needs to be proposed, advocated, and fought for. I dont see any of this happening right now. The large majority of politicians and pundits are afraid of the Democrat machine, so the ones that do speak out are said to be an unpatriotic minority."
I don't know if this may be an answer or not. I heard there are 250,000 members so far and Glenn is hoping for at least 1 million on 912. Where I live there will be a meeting on April 14th and I think I will go.
Unless Sandy Burger get’s there first.
That’s a constitutional mistake.
Thank you. This is very helpful.
You can't legislate as much socialism/communism and destroy the country as fast as he has without a huge backlash of those of us who love the country finally standing up.
Once his numbers sink all the way down they lose, we win.
His support is 100 miles long but only an inch deep.
We are the true believers and right is on our side.
Do you have some credible sourcing to back up what you state in your post?
It’s not that I don’t believe you or that I think what you’re saying isn’t believable - I’m pretty sure it’s just about dead on. However, I’d like a source I can use to send to a few moron coworkers (admitted socialists).
I figure since you made the statement so succinctly, you might have a source you could share.
TIA,
jurroppi1
It provides a solid counter argument to the liberal claim that only a small percentage of banks/mortgages were subject to the 1993 revisions in the Community Reinvestment Act (CRA).
Most liberals with whom I discuss the financial crisis point to that fact to refute the claim that government over-regulation caused the toxic sub-prime loans. They argue that it was primarily predatory lending practices that tricked low-income borrowers into buying homes that they couldn't afford. (Typical liberal victim mentality.)
Of course there were other factors that contributed to the meltdown, but this article will give you a good basis to refute that particular argument.
Thank you, pleikumud. Good find.
To: Brad from Tennessee
http://spectator.org/archives/2009/02/06/the-true-origins-of-this-finan
Article titled The True Origins of This Financial Crisis in the Feb 2009 issue of The American Spectator
64 posted on March 28, 2009 7:31:39 AM EDT by pleikumud
Chump change for Rahm in the greater scheme of things:
http://www.nytimes.com/2008/12/04/us/politics/04emanuel.html
(snip)
“.....Mr. Emanuel, who was chosen last month to become President-elect Barack Obamas White House chief of staff, went on to make more than $18 million in just two-and-a-half years, turning many of his contacts in his substantial political Rolodex into paying clients and directing his negotiating prowess and trademark intensity to mergers and acquisitions. He also benefited from the opportune sale of Wasserstein Perella to a German bank, helping him to an unusually large payout.
...”
Or as will become more apparent, daily, a movement of clueless hope, and an era of incompetent change. Then as Rodguy said, All "will run away from his socialist agenda or not get re elected."
...great stats...your own research thru those Acts of Congress, or HUD, or other? Clearly establishes 'fault'!
http://spectator.org/archives/2009/02/06/the-true-origins-of-this-finan
Article titled The True Origins of This Financial Crisis in the Feb 2009 issue of The American Spectator
That’s a more factual ‘account’ than the financial accounts stated by Fannie & Freddie in Rahm’s era....doubt any of us would be surprised to learn that some of those ‘toxic mortgage assets’ were cardboard houses on vacant lots in inner cities! Money laundering at its ‘finest’!
...thanks...great site for the facts that the simpletons in Congress and their apologists in the media ‘can’t seem to find out for themselves’! not to mention the cult!
You may be right for 2010 (3rd time's a charm)! But eventually, the USA will have a purple thumb election that counts 'live' heads. If we have any ammo left at all, the cult will learn that payback's a bi#ch.
Kinda worked for the Clintonistas that brought us the subprime mess to begin with (he couldn't have done it without Carter's CRA, of course).
**snicker**
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.