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To: EasySt
Go to YouTube and type into the Saerch Bar "Congress hearings Fannie Mae Freddie Mac."

You will see how President Bush and the Republicans in Congress and the assigned Regulators with oversight of F-Mae and F-Mac repeatedly urged for investigation into and increased regulation of F-Mae & F-Mac. You will see how, at every turn, on several repeated occasions from 2003 through 2007, Barney Frank, Chris Dodd and the Congressional Black Caucus refused to allow it, insisting vehemently that there was nothing wrong wtih F-Mae/Mac.

They threatened to "let the voters know" how the "Republicans were trying to keep minorities from owning homes," how the GOP was making up false accusations of non-existent financial instability as a ruse to "keep the black man down."

Barack Obama, Acorn, Barney Frank and Chris Dodd created and then covered up this whole thing until it exploded, just as they had planned it would.

Yes, the bankers used the Democrat Congress' scheme to line their own pockets, but they did not engineer the collapse. The Democrats and, more specifically, the Congressional Black Caucus engineered this for their own purposes of collapsing the previous system so they could then institute their own system.

It's all on tape, viewable for anybody who wants to see what really happened.

;-/

12 posted on 10/24/2010 3:04:09 AM PDT by Gargantua (Palin-Bachman 2012... just call it "Pa-Bach" :-)
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To: Gargantua
"It's all on tape, viewable for anybody who wants to see what really happened."

I agree with almost your entire post and most of us here at FR should be pretty familiar with all that, except that I personally don't believe that Barack Obama, Acorn, Barney Frank and Chris Dodd are smart enough to have created this mess on their own. Evil as they all are, I suspect they are mostly puppets or useful idiots.

And it IS all on tape, in fact, many of the best bits were also in this movie. Some important ones were missing, though. I admit that I was quite irritated that Barney Frank's infamous protestations against regulation for Fannie and Freddie were not included. (My mood improved when I realized most of the audience also noticed that particular lack.)
14 posted on 10/24/2010 4:19:37 AM PDT by EasySt (Join FreeRepublic Folders - The mind you save might be your own...)
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