Time for a complete house cleaning and disinfectation of the Senate and House.
Treasure from the archives ping.
the wsj last week had a good editorial laying responsibility on frank for the mess.
President Bush proposed regulatory reforms in 2003, but Congress took no action. In 2005, John McCain and three other GOP senators proposed a strong reform bill. It died when Democrats threatened a filibuster.
and then
The principal recipient of Fannie Mae's largesse was Sen. Chris Dodd (D., Conn.), chairman of the Senate Banking Committee. No. 2 was Barack Obama.
Mr. Dodd was also the second largest recipient in the Senate of contributions from Countrywide's political action committee and its employees, and the recipient of a home loan from Countrywide at well below market rates. The No. 1 senator on Countrywide's list? Barack Obama.
Fannie Mae CEO Franklin Raines was forced to resign in December, 2004, because of "accounting irregularities." The Washington Post reported July 16 that the Obama campaign has called Mr. Raines "seeking his advice on mortgage and housing policy matters."
For more of the article Here
Thanks Jim
Programs created by Democrats, lionized by Democrats, run by Democrats, protected by Democrats, and supportive of Democrats.
McCain has gotten a good start on hanging this around the Democrat candidate’s neck. Now he needs to start piling on. This is what happens when Democrat ideas become law. This is not a Republican issue in the least, other than it being a GOP administration that has to clean up this mess. Fannie, Freddie, Ginnie, whatever are Ground Zero when it comes to the current credit/housing matter. Thanks to Democrat genius the US taxpayer is on the hook for God only knows how much.
Hey, everyone should be able to own a home in this country. Everyone, including illegal aliens! No income necessary! Step right up to Barney Frank’s ATM Machine!
Rock on Jim!
And in 2002 President Bush pledged 450 billion for Sub Prime mortgages from Fannie and Freddie.
Senator would you like to revise your remarks?
the media’s letting bill clinton get away scott free from this.
but he signed that bill deregulating the banks in 1999.
he appointed jamie gorelick and franklin delano raines to fanny and freddy. raines made an obscene amount of money.
barney frank and chris dodd and these were using a public/private corporation for their own political correctness—
to “correct” racial injustice by asking nothing down for a house.
to line their pockets.
to contribute to their campaigns: dodd got lots of donations from fanny and freddy, as did obamao.
‘’These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,’’
...and pay NO attention to the man behind the curtain!
Frank, Dodd, Levin, Schumer. Fire these people. Recall them. Vote them OUT. Imprison them. Freeze their assets. Deport them.
This is like the shower scene in Psycho, the first time you see it. Except we’re the Janet Leigh character.
How much is enough? Have we not finally, finally had enough?
What’s it all about?
See 2005 Video: Fannie Mae CEO addresses Obama & the Democrat Black Caucus, his “Family”
http://www.youtube.com/watch?v=usvG-s_Ssb0
OUTSTANDING post, Jim! Thanks.
Has the oligarchy deemed this one TOO BIG TO INVESTIGATE?
Don’t you know it’s all Bush’s fault?
Clinton and Greenspan and the Democrats in Congress are innocent bystanders I tell ya! /s
Mocking Barney Frank in Italian - http://www.youtube.com/watch?v=AWhEk9L5nZQ
apparently Barney Franks head has been pushed into a pillow the last few years...
‘’We welcome the administration’s approach outlined today,’’ Mr. Raines said. The company opposes some smaller elements of the package, like one that eliminates the authority of the president to appoint 5 of the company’s 18 board members.
Company executives said that the company preferred having the president select some directors. The company is also likely to lobby against the efforts that give regulators too much authority to approve its products.”
Remember folks..this guy was under investigation at the time...or near to it! No wonder he still held out for controlling who could be ‘on his board’ and see his dirty hands!
LOL..nothing like the sight of a trapped weasel trying to outsmart a fox! LOL
Keep the record coming Jim!!
Great job!
“In our day people talk a great deal about inventing a new order. Is it certain that any thinker, regardless of the genius we grant him and the authority we give him, could invent and operate successfully an order superior to the one whose results I have just described?”
From...Frederick Bastiat...”Economic Harmonies”...here...
http://www.econlib.org/library/Bastiat/basHar.html
Thanks to FReeper raygun for the link.