Free Republic

John McCain may be going out of his way to praise Ted Kennedy at debates, but he is using another Massachusetts Democrat to draw boos. In response to a question about whether McCain would investigate those responsible for the mortgage crisis, he pointed the finger at "willing co-conspirators" in Congress. "Congressman Barney Frank and Senator Chris Dodd are two of them,” McCain said, so riling the crowd by the mention of the first name that few probably heard the second.

Republicans are now heavily invested in blaming the Democrats' coddling of Fannie Mae and Freddie Mac for the subprime mortgage crisis. Here's Majority Leader John Boehner at a GOP fundraiser in Georgia: "It's not a failure of the free market what's going on in the economy today. The excesses of Fannie Mae and Freddie Mac, and those who blocked the reforms that we wanted to make, really are the issue. ...This was a failure of government, not a failure of the free market. President Bush, Senator McCain, and many other Republicans tried over the last ten-to-fifteen years to fix this...

The fact is this was all started by Congress, the Reinvestment act and the fact that congress promised to change Mark to Market and then DIDN'TWe need to kill the capital gaines tax for a year or so, but NO....democrats refuse to do itBawrny Frank and his lackies at Fanny and freddy allowed this to happen and until SOMEONE in the democrat congress GOES TO JAIL it will continue.

WASHINGTON -- A conservative political organization will begin airing nationwide TV advertisements Wednesday that criticize congressional Democrats for their ties to mortgage giants Freddie Mac and Fannie Mae, an early example of what will likely be a flood of spots running up to Election Day focused on the financial crisis. The group sponsoring the $1 million advertising buy, the American Issues Project, is the same organization that spent nearly $3 million on a television campaign to tie Democratic presidential candidate Barack Obama to former radical William Ayers. Spending by such outside political organizations in the 2008 election hasn't matched the...

Chris Dodd, the populist hero? Chris Dodd, the protector of taxpayers? Chris Dodd, the Sheriff of Wall Street? Puh-leeze. How about Chris Dodd, the guy who helped steer us into this mess in the first place? Or Chris Dodd, the guy who spent a career passing laws friendly to banks and taking gobs of their money whenever election time rolled around? [snip] But Dodd's record is marked by votes to loosen controls over the banking and securities industries that his Senate Banking Committee was supposed to be overseeing. Most notably, Dodd voted to repeal the Depression-era Glass-Steagall Act, therefore allowing...

Banking on DoddRalph Nader blames "The Senator from Wall Street" for the financial mess we're in Thursday, October 09, 2008 By Andy Bromage Chris Dodd, the populist hero? Chris Dodd, the protector of taxpayers? Chris Dodd, the Sheriff of Wall Street? Puh-leeze. How about, Chris Dodd the guy who helped steer us into this mess in the first place? Or, Chris Dodd the guy who spent a career passing laws friendly to banks and taking gobs of their money whenever election time rolled around? Connecticut's senior senator enjoyed a moment of collective amnesia last week when pundits and the press...

FULD, RICHARD NEW YORK,NY 10285 LEHMAN BROTHERS/MANAGING DIRECTOR 4/9/07 $10,000 Democratic Senatorial Campaign Cmte (D) FULD, RICHARD NEW YORK,NY 10019 LEHMAN BROTHERS/CHAIRMAN AND CEO 1/28/08 $2,000 Reed, Jack (D) FULD, RICHARD S GREENWICH,CT 06831 LEHMAN BROTHERS/CHAIRMAN AND CEO 5/29/07 $2,300 Clinton, Hillary (D) FULD, RICHARD S JR GREENWICH,CT 06831 LEHMAN BROTHERS/CHAIRMAN AND CEO 10/19/07 $2,300 Clinton, Hillary (D) FULD, RICHARD S JR GREENWICH,CT 06831 LEHMAN BROTHERS/FIANCE 5/30/07 $2,300 Obama, Barack (D) FULD, RICHARD S JR GREENWICH,CT 06831 8/28/08 $-2,300 Clinton, Hillary (D) FULD, RICHARD S MR JR GREENWICH,CT 06831 10/22/07 $10,000 National Republican Senatorial Cmte (R) FULD, RICHARD S MR...

If I thought I was angry about the housing and mortgage crisis before, an article in Sunday’s Providence Journal about many actual cases of mortgage fraud in Rhode Island has escalated my anger to a level where I would not trust myself to be in the same room as Chris Dodd and Barney Frank, and I will not sleep until liberal Democrats like Obama are defeated. The article gives specific instances of how low-income people were prodded by realtors and lenders into accepting huge subprime mortgages to buy houses they could not possibly afford. They are all in default and...

http://www.independent.co.uk/opinion/commentators/dominic-lawson/dominic-lawson-democrat-fingerprints-are-all-over-the-financial-crisis-949653.html

How appropriate that the Bill passed by the Senate tonight to "rescue" our financial markets has Chris Dodd's name attached to it -- chairman of the Senate committee overseeing Fannie Mae and Freddie Mac aided by Barney Frank, committee chair on the House side, and both recipients of sweetheart deals all their political lives. From one Connecticut resident to the Nation, the bail-out is rescuing -- and rewarding -- the corrupt governance that has plagued our Nation since the "free press" took sides and now makes no excuse for their bias and twisted fairness. Accountability is their mantra until the...

Akaka (D-HI), Yea Alexander (R-TN), Yea Allard (R-CO), Nay Barrasso (R-WY), Nay Baucus (D-MT), Yea Bayh (D-IN), Yea Bennett (R-UT), Yea Biden (D-DE), Yea Bingaman (D-NM), Yea Bond (R-MO), Yea Boxer (D-CA), Yea Brown (D-OH), Yea Brownback (R-KS), Nay Bunning (R-KY), Nay Burr (R-NC), Yea Byrd (D-WV), Yea Cantwell (D-WA), Nay Cardin (D-MD), Yea Carper (D-DE), Yea Casey (D-PA), Yea Chambliss (R-GA), Yea Clinton (D-NY), Yea Coburn (R-OK), Yea Cochran (R-MS), Nay Coleman (R-MN), Yea Collins (R-ME), Yea Conrad (D-ND), Yea Corker (R-TN), Yea Cornyn (R-TX), Yea Craig (R-ID), Yea Crapo (R-ID), Nay DeMint (R-SC), Nay Dodd (D-CT), Yea Dole...

The Community Reinvestment Act was passed by the 95th US Congress and signed into law by Jimmy Carter. This Act requires that banks offer credit (home loans, etc) to minorities and the "underpriveleged." Democrats have used code-words to bolster this ACT, saying that it has provided home ownership opportunities to minorities, needy Americans and the "underprivileged." Changes in 1995 allowed groups like ACORN to put pressure on banks to give home loans to unqualified home loan applicants. These changes broke down home loan applications by race and income (among other factors) and allowed community organizing groups (@ssholes like ACORN -...

It’s annoying to see Democrat Politicians like Nancy Pelosi spin the bailout circumstances by trying to make the main architects of this disaster, Senator Chris Dodd and Congressman Barney Frank into its heroes. When first addressing the nation Sunday afternoon, ostensibly to explain where Congress stood on this measure, she spent the first ten minutes blaming the famous “failed policies of the Bush Administration” for the mess. Certainly greed and recklessness on Wall Street played a big part, and certainly there is enough blame to go around, but, by far, affirmative action for homebuyers and corruption on the part of...

With markets continuing to swoon, the next shoe to drop is likely to be hedge funds. That means tough times for hedge-fund filled Greenwich, Conn. (As Nick Paumgarten wrote in the New Yorker magazine recently, “If New York City is the heart of the marketplace, Greenwich is the liver, where toxins are processed and rich bits collect.”) Greenwich collected so many rich bits in recent years that its small population of about 60,000 contributed nearly $600 million in state income taxes in 2006. In other words, Greenwich pays 13% of all state income taxes in Connecticut with only 1.8% of...

This is the video that is sweeping the internet. It is a John McCain promotion that also explains the causes of the housing bubble and the mortgage crisis. http://www.youtube.com/watch?v=H5tZc8oH--o

This video traces the cause of our economic crisis that had its roots planted 12 years ago.

Of the current financial debacle, we can be sure there’s plenty of blame to go around both sides of the political aisle. To the chagrin of main street conservatives, however, a whole lot of the blame can be laid at the feet of renegade conservatives who sit in the highest seats of government — renegades, because they behaved like liberals. An undeserved insult to those conservatives? No, because their behavior with respect to the corruption at Fannie Mae and Freddie Mac can’t be distinguished from that of Barney Frank, Chris Dodd, Chuck Schumer, Nancy Pelosi, et al.

Now I know how Elvis Presley felt when he shot his television! Watching Barney Frank (D-MA) and Chris Dodd (D-CT) pontificate about how they are going to save the country in it’s time of financial crisis made me nauseous. How is it that these two charlatans can fain concern when they are among the principles responsible for getting the taxpayers into this mess?

It was October 1992, nearly 15 years before the housing meltdown and subprime crisis. Republican Rep. Jim Leach of Iowa was on the floor of the House, talking about something that no one at the time seemed to care about: the potential danger that Fannie Mae and Freddie Mac posed to the economy. In remarks later reported by the Washington Post, Leach warned that Fannie and Freddie were changing "from being agencies of the public at large to money machines for the stockholding few." Leach's prescient comments went unheeded — indeed, Congress spent the next decade and a half avoiding...

There would not have been any massive housing bubble leading to disaster if Democrats did not pass legislation requiring banks to give mortgages to people who had no way to pay them back or no intention of paying them back Please remember the Community Redevelopment Act, a minority lending bill first pushed and created by Jimmy Carter and revved up by President Clinton by appointing his cronies to Fannie Mae and Freddie Mac, with orders to instruct banks to issue many more of these mortgages under threat of fines if they did not do so.