The Democrats and Obama caused the financial crisis of 08 by supporting Fannie Mae and Freddie Mac and covering up their bad books.
Monday, January 18th, 2010 at
3:31 pm
The Democrats and Obama caused the financial crisis of 08 by supporting Fannie Mae and Freddie Mac and covering up their bad books. Elect Obama, your democratic Senator and Congress person and we will have THE NEXT GREAT DEPRESSION.
Tagged with: 08 • analysis • and • commentary • commercial • crisis • democrats • documentary • fannie • financial • freddie • gotcha! • grassroots • mac • mae • news • Obama • of • outreach • political
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Bush warned them numerous times to get their act in order. As well as McCain.
duncan, Stop drinking the Koolaid !
nope sorry
1- in the example of property taxes, you may be living the same moldy quarters yet keep being eligible to pay taxes because you’ve had “capital” “gains”
2- regardless of the details, governments put in circulation more money but not before strangling the general public with a liquidity crunch to favorably position the elect for the USA liquidation heist
Number 1&2 reinforce themselves to take the public’s liberties, it is only a matter of time for this effect to accumulate
watch?v=OC5uQx1W87I
Vote them all out. If they are in, vote them out, they are part of the problem with the exception of Kuchinich, Paul, Kaptur, and DeFazio.
Why is the 800 billion dollars bailout such an issue when America spends 3-4 trillion per month in Iraq?…
can anyone say “Halliburton bailout”????
Obama was the lawyer for ACORN whom implimented affirmative action banking
Obama was never acorns lawyer
He was never a member of the state bar
He was only an advisor
We spend about 10 billion a month in Iraq, not trillions per month.
Saying Obama was only an advisor for Acorn doesn’t lessen his role in this fiasco much. His advisor role still gave him influence over the direction that Acorn took to force lending institutions to implement affirative action banking.
Well if it has had the effect of injuring the banking industry to the point that now the government is able to take it over it was a very good thing
With control of the banking industry the government can have absolute control over the entire economy and decied which businesses get capital and who can buy a house
It will lead to a more equitably distrabution of resources
Dems? Reps? With the housing crisis and Freddie & Fannie it looks like the Dems didn’t see that ice berg.
Don’t be fooled, because the reps are just a slower boat to this republic being part of the North American Union.
The bilderbergers can wait 5, 10, 100 & 200 years.
Wake up and defend the constitution.
Countrywide, one of the leading sub-prime mortgage lenders gave Chris Dodd a VIP sweetheart deal while the rest of America was struggling to make their mortgage payment. These lying hypocrites make me sick.
Well, we have a greater depression than any one dreamed off and Obama is doing his dammdest to make it worse.
GOOD thing for the “inheritance” card .oh, wait-
ard. fwanktatrd, where’s all the wibtawds.
The TOTAL of ALL non performing mortgages is only 3-4% of the TOTAL of ALL “TOXIC ASSETS”. 30 to 1 leverage of of mortgage backed securities on the unregulated securities market account for 95%+ of the money we had to come up with for the bail out. Deregulation of the shadow banking system / crazy high leverage ratios / unregulated derivatives were, for the most part, pushed by Republicans.
All are to blame for the economic carnage: But, Dems used hand grenades…the Reps used Nukes.
You look like an idiot trying to spin this the republicans way. The Dems are clearly to plan for the financial mess we are in. Period. Dodd, Franks, Schumer need to go.
Your an idiot. Dems are clearly to blame for this. Stop trying to spin this
jp- OK..you say.. I’m an idiot when I make a rational argument that Republicans were deeply involved in this and the damage they caused, cost more than the damage caused by Dems (even when I present figures to prove it).
But, on the other hand…you are a big expert..because you know how to call names, and state your personal opinions as if opinions were facts (without showing any sign of having given thought to the matter).
Regurgitating talking points…without doing the math.
What Ever
Has anyone seen the 2005 Senate Minority Confimation hearing ?? You know the Barak was welcomed into the fold. If you have not seen it you need to.
Yeah, libs like givethemahand troll youtube videos looking for conservatives to start arguments with, (I’ve had a few with him) but they never bring anything to the table but a few talking points from Kieth Olbermann
what is rational about derivitives and leveraging of a bunch of bad loans. you libs keep skipping right over all those bad loans. Thats the stupid part. The federal gov should never have forced lending into that cornor. Make more loans or we will shut you down. Government and their GSE`s caused this mess. Obama is trying to fix a bad credit problem with more borrowing and spending. The same problem that killed the economy. We may not survive this one two punch by Democrats.
A one two punch on how to bring down a SuperPower. Affordable Social Housing and Affordable Social Health Care. Then the Dems just might get their wettest dreams realized. The complete destruction of the United States as we know it. They can then start over with their own Communist Constitution.
I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake up homeless on the continent their fathers conquered.
Thomas Jefferson
The rot began in 1980 but really set in 1998 when Clinton signed the Glass Segal amendment and the financial institutions were allowed to run riot . It was like taking the muzzles off a pack of starving rottweilers .
By 2007 said rottweilers had ‘devoured ‘ the American economy . Obama needs to bring back capital punishment for capital crimes committed by bankers , and the politicians who are paid off by the large insurance companies .
And that Lieberman is a despicable wretch .