Covering Your Fannie, Who Really Caused Our Economic Crisis?

[JakeGunSlinger]

A) Obama had NOTHING to do with those policies.

B) In 1995, there was a REPUBLICAN Congress

C) If those policies were 'flawed', why hasn't the Republican Leadership revised it over the past EIGHT YEARS???

D) This doesn't excuse the LACK of oversight for the past EIGHT YEARS

E) This doesn't address the FRAUD that's transpired over the past EIGHT YEARS in the industry.

[TheMouthPeace]

Obama's friends supporters and allies did it.

A vote for him is a vote for them.

Republicans tried. Democrats stopped it.

[1minidisco]

Never mind the debates. They may say that Obama won the first debate, but winning a debate doesn´t make anybody fit to be president. It is character, and Obama has none.

[TheDoctorofSurgery]

GREAT VIDEO!

Love the music too!

[sunshinegirl1967]

Funny thing happened a while ago. I have embarqmail. On the news section a few hours ago, there was a pic of the house speaker and several other congressmen/senators. The caption beside it said "Bailout Passes".  I just rechecked it and NOW it says "Rescue Plan passes"..... Hmmmmmm, why'd they change the wording? I think Nancy Pelosi must have called them.

[azaquihel]

how can somebody smart enough to put this video together can not find other candidate to support . Mc cain is not more different that obama

[TheMouthPeace]

He is the only one who can beat Obama and prevent this...

[cutator]

Elect Obama and he and his good friends Harry and Nancy will screw this entire country.

I watched the debat, clearly Nobama is clueless on foriegn affairs. He would be a great ass kisser and that is it........

[heavyhitter321]

You show an major lack of understanding of the issues. True the crisis wouldn't have happened if there weren't bad loans, but that's like saying murders wouldn't happen without bullets. What caused this crisis was the repakaging of these bad loans into AAA paper. Had the loans been valued properly we would not be here. This is rampant criminality in our banking system folks, and the bankers and short sellers have stolen your money.  For the future of our country please educate yourselves.

[TheMouthPeace]

Democrats brought the bullets. Hold them accountable.

[truxton1]

I always wanted to know what it was like to live in a 3rd world country now we will have the chance to experience it without the hassle of packing clothes and taking a long plane ride to some remote shithole, my aren't we lucky

[truxton1]

Good video, I remember in the late 90's getting letters in the mail from lenders wanting to give me 120% refinancing on my home too.

This is a big shit sandwich and everybody will have take a bite, like it or not, thank your elected representatives especially the democrats!

I always wanted to know what it was like to live in a 3rd world country now we will have the chance to experience it without the hassle of packing clothes and taking a long plane ride to some remote shithole,aren't we lucky

[notblindedbythelight]

Everybody copy and paste and email this video to everyone in your address books! BaCrack is corrupt and he must be stopped!!

[Renegen1]

Wait, so McCain was "concerned about the regulatory structure that governs Freddie and Fannie" but he also " doesn't know much about economics" Please. He was at best playing his cards very well. Just because the video is critical of Obama shouldn't mean the republicans look good, there is a 3rd party, the american people!

[steelnpearls]

This is a priceless video and it's up on my Multiply blog page right now.

Now if only you could show this to the two prosecutors in Missouri who will put in jail anyone who says anything bad about Obama with law enforcement backing them there in Kansas City, MO.

[MoBushin04]

Management bonuses that encourage short term thinking

Firms borrowing money to invest

CEOs of fallen companies sponsoring parties for Black Caucus meetings

Chairman of Fannie Mae an early advisor of Obama campaign

Franklin Raines former Clinton Administration member made millions most teacher union savings plans lost millions

Jim Johnson ex Fannie Mae CEO, Chair of Obamas VP Search team, paid $21M golden parachute. Did libtards approve this?

[MoBushin04]

Great use of Abba music

Dems threatened hearings if poor/minorities did not get their share of zero down sub-prime loans

Millions of poor borrowers lived paycheck to paycheck, had no savings record, spotty credit, and soft employment history, and/or did not qualify for the loan needed to purchase a middle class house

Decades of proven loan practices were scrapped to allow political pandering and there was plenty to go around: parties for democrats, bonuses for unfit liberal bankers, etc.

[gardeningforall]

GOOGLE

"Fannie Mae Eases Credit To Aid Mortgage Lending" "NEW YORK TIMES"

"Minorities Home Ownership booms under clinton" "Los Angeles Times"

prediction of today's govt bailout

[takasito]

YObama should start changing his fellow Liberals in the Congress first.

[ramblnman24]

the liberal democrats in this country are trying to collapse the dollar and destroy the constitution therefore paving the way for communism!

[Neomlf]

As a leader Hussien bin Obama is as bad as Kim Jong Il. He'll steer the great USA the way of N.Korea.

[ufool22]

Nice job! You might want to add some pertinent URLs to the info panels of your videos so people can easily right-click over to the resources you're highlighting. Keep up the good work!

[ninanwk69]

Democrats stop drinking Kool Aid. Your man Obama is a liar and a back stabber

[ninanwk69]

Watch your backs Democrats, you've been stabbed.

[WarHawkRob]

You know what I dont get? The worlds heading for a massive crash,yet all the bosses and executives of those companys are rewarding themselves with fat cat pay packages of millions. Isnt that where the rot is? Time to give those bastards a pay cunt i reckon. Good vid by the way 5/5.

[doughborne]

Right on, Keep up the Fire ! Pro Patria doughboy

[yahasifff]

This information is not common knowledge to the electorate because the criminal media is suppressing it.

The criminal media is manipulating this election.

The criminal media is doing everything it can to put a Marxist in the White House.

[jhtrico1850]

This song is perfect for this video.

I wish McCain would start hammering Obama and the Democrats on this soon.

[crazyforcrowe]

You have got to be one of the most informative and best political video makers on Youtube. Awards should be given to you. Truly. 100 ********************* Damn, wish I could rate you that highly. =0)

[brokensoul71]

The government/greed/buracrats caused our problem.

[voy35]

Excellent job TMP, you get 5 stars for that. It's a shame the MSM will never report this. Barry is their boy and he can do no wrong. When this finally comes out about who is the dirtiest you can best believe Barney (i love me some cabana boys) Frank will be running for the hills. I've never met a crummier bunch of people in my life than dems.

[PopModal]

Great Video... Well done.

Post it at PopModal

[louis12346]

bailouts will put acceleration into hyper-drive The elitists want to jump-start the system run the markets up again to complete Big Sting Two, everything is imploding. Few can qualify for loans, What will businesses do with loan money no customers left to buy ? As the economy real estate markets tank, the toxic waste will less valuable, and now they want to plant that future misery in the taxpayer gardens. These bailouts must be stopped at all costs, or we are going to get vaporized later.

[VinceP1974]

The CBC is the conscience of Congress? No wonder Congress is worthless.

[wrightclick1]

Sigh, for some no explanation is necessary. For others no explanation is possible. I was ignorant of the socialist nature of those cute-sounding institutions called 'Fannie May' and Freddie Mac'. I'm part of the problem for not being more aware of what government was up to 15-20 years ago when all of this came about. It all makes perfect sense of why housing prices have risen so dramatically over the last 20 years. Government interference into the Free Market will screw up the works EVERY TIME!

[bobblebum]

Higher house prices = more taxes on you.. double dipping..

[em0204]

oh, by the way this did not cause the economic crisis, this stupid Bush war caused it!

[blackmico]

That's pretty lame, I'm sorry. The war in Iraq did put pressure on the US budget for sure. But don't confuse government spending with poor economic policies that caused this credit crunch. Anyone who knows anything about economics knows that the subprime mortgage crisis, indeed introduced by the CRA and other financial instruments encouraged by the dems, is what exacerbated the crisis. That's what happens when economic policies are based on social welfare. No economic principle behind it.

[em0204]

Voting for McCain is stupid, why would you want 4 more years of another Bush?

[bobblebum]

Don't let your hate for Bush blind you. Open your eyes Emo!

[TheMouthPeace]

McCain voted against Bush more than any Senator over his career.

Go look, do not swallow the talking points. Go look for yourself.

[em0204]

Why the fuck would any one want 4 more years of another bush? its insanity!!!!

[CommonSpecies]

em: Explain what's the same between Bush and McCain ? Or can you ?

[jfree1998]

Great video thanks. i am still suprised by all the Obama supporters, he's a snake in the grass, how can they not see it?

[therealcaptobvious]

People can't see things for what they are when they don't look.

[2009Dolphin]

09/26/2008 11:15am EDT

Where is fucking "john" McCain stand today

with his $700 billion bailout package

ps.

he will get fucked at the DEBATE tonight.

[CommonSpecies]

"I'm not making this up" lol, PRICELESS lol.

[carcabe]

Everyone in the country should know that this mess is the result of Democrat-engineered, government-mandated affirmative action lending. Stingy bankers don't willing give mortgages to the unqualified. Get real. Let's be honest and spread the word. Your future depends on it.

[OLDWISEANDCURIOUS]

The money given to the Democrats indicated on reports only scratches the surface. The trickle down effect is hated by the left, until it is government largess to liberal CEO's and their supporters. The Democrat left is dirty on this. Let the cards fall where they may.

Government is too big and spends too much money. The northeast section of our country is sick with liberalism.

Next election, nominate Dodd and Frank. Democrats will have just as much credibility.

[123iii123iii]

In 2003, State Legislators tried to stop the Subprime business, and BushCo stopped them ...

Google the author/date for a full article.

"...the OCC invoked a clause from the 1863 National Bank Act ... preempting all state predatory lending laws, ..rendering them inoperative.... prevented states from enforcing any of their own consumer protection laws against national banks. ... all 50 state attorneys general... actively fought the new rules." -Eliot Spitzer Washington Post, February 14, 2008

[123iii123iii]

In 2003, State Legislators tried to stop the Subprime business, and BushCo stopped them ...

Google the author/date for a full article.

"...the OCC invoked a clause from the 1863 National Bank Act ... preempting all state predatory lending laws, ..rendering them inoperative.... prevented states from enforcing any of their own consumer protection laws against national banks. ... all 50 state attorneys general... actively fought the new rules." -Eliot Spitzer Washington Post, February 14, 2008

[destrecht]

If this is the truth, then Bush was wrong to do it. I have a feeling there's more than meets the eye here though. But then, most conservatives feel that Bush isn't a conservative.  He's ok, but not great.

[allahakchew]

Very well done.

[qqch13]

"Not a bad suggestion. John McCain is about as third party as you can get and still back a credible candidate. He does not mind telling Republicans to go screw. Think about that."

How can you reasonably explain his selection of Sarah Palin. It seems pretty obv. that it was not his choice however he bent to the will of the party in order to keep unity. As for off as a third party decision imo!

[richardr2000]

Very nicely done.

What software and equipment did you use making it?

[TheMouthPeace]

Camtasia. You get a 30 day free trial.

Nice software. There are 40 days left in the election. I think that will mostly cover you.

Let's make some videos!

[dasche]

Clinton opened the flood gates

and Obama took the PAC money

Jim Johnson - CountryWide Mortgage one of Obama's best buddies

[meclymer52]

Great use of facts...which is precisely why it will get slammed and ignored by bloggers et al who now where the "real news" people go to get their news.

[jimmmmie]

OK, the NYSlimes is accusing a McCain adviser of receiving 5% as much as BO's advisers from Fan & Fred. And McCain received a tiny fraction of what BO received from Fred & Fan.

McCain has been calling for more oversight & more regulation of F & F for years, & BO hasn't.

[MoveOnAnimals]

The truth about Obama's radical tax agenda, including:

1~his plan to almost double capital gains tax.

2~his plan to let the Bush tax cuts for middle class expire.

3~his plan to raise gasoline taxes.

4~his plan to nationalize healthcare, including visitors and illegals with your tax dollars.

[nlcentofante]

Awesome

[blangston86]

the new york times is reporting that mccain's campaign manager received $2 million over 5 years from fannie and freddie explicitly to fight regulations. the $hit is hitting the fan my friends.

[TheMouthPeace]

WRONG. Davis ran a coalition of housing rights activists that included The Urban League and Habitat For Humanity.

It was not to fight regulation. It was to promote better neighborhoods.

Get a clue before you post. It had nothing to do with the issuance of mortgages, it had to do with getting money for community upkeep.

[Conspiratorpress]

I hate to rain on your parade, but if you want to make a vid resembling some sort of truth, then you would have included the fact that McCain also recieved from freddy mac and fannie may. But do go on, you republican's don't ever seem to let the facts stand in your way, that's what I love about you people.

[TheMouthPeace]

The video says how much McCain got. He got $832 a year on average, but most of that was a long time ago.

Obama got $42,200 a year, over the last 2 years.

Sorry, facts suck for you.

[topsaxusa]

This is great! Thanks for taking the time to put this together. I will defintely share it with the folks.. McCain/Palin 2008

[infinit888]

First Obama is to 'inexperienced' and hasn't passed enought legalisation and now he's that fucking master mind more powerful than the entire federal government thereby causing the Economic Crisis?

[CPL337]

Iraq.

[RawwGoddess]

MCCAIN has always been against regulations and wanted to have our Social Security mixed up in all of this if he had his way. Thank goodness America is waking up before it's too late. It's time to flush ALL of the Rethugs (save a few good ones left)straight down the toilet. Hey...We got a great place where you can all go and be with some of your kindred spirits. A place where there are lots of rapists, pillagers, holier than thou and inbred...Alaska!

[TheMouthPeace]

WRONG!

Google This...

Housing Enterprise Regulatory Act of 2005

John McCain wanted to regulate them. He is against bad regulation.

Stop spreading lies...

[MForce2k]

Funny that the Bush admin. is behind these bailouts, considering they are so vocal about how Government has no reason or right to bail companies out.

Not to mention he wasn't even on Fannie's payroll. Darn!

[TheMouthPeace]

They were Government Sponsored Securities that became worthless.

A bailout is just a loan, by the way. AIG has to pay it back, but I am sure you did not know that.

...and I suppose you prefer a total economic collapse.

The Democrats caused this with the Community Reinvestment Act, it is no surprise that Housing Prices took off in 1996, the year after it was enacted. It forced banks to give subprime loans. But I am sure that you knew about that. It is what caused this mess.

[jd4eva645]

If you didn't already know..

Phil Gramm made strong efforts to pass this Gramm-Leach-Bliley Act in 1999, it served to reduce government regulations, separating banking, insurance and brokerage activities. So the argument is that 'this may have been pivotal in encouraging the corporate practices' that led to what we have now.

[TheMouthPeace]

BS. It was Fannie Mae and the Community Reinvestment Act in 1995 that created the subprime market. It FORCED banks to issue subprime loans.

How is that for good regulation?

The banks went broke because they were stupid enough to buy securities from a Quasi-Government Agency run by Democrats.

Just Google it and learn.

[blangston86]

the community reinvestment act of 1995 was bipartisan. republicans had 6 years of complete control to change this but didnt. homeowners lenders and investors all stupidly thought housing prices would go up forever. but i blame the great satan barack obama. and mccain the hero knows exactly how to fix this. and the earth is flat.

[jick111]

Well you know two out of three isn't bad, sorry the Earth is NOT flat.

[tobor0]

It might have "FORCED" banks, if you like. Who FORCED the securitization of that debt? Who forced the brokers to break up and peddle shares in bad debt?

You're not an economist, nobody credible is making this claim that anyone was forced to make loans to bad risks. That's an absolutely false claim.

[TheMouthPeace]

Go read the actual act itself. It absolutely says that if you take deposit accounts in a neighborhood, you have to issue an equal amount of loans in that neighborhood.

The holder of a checking account in a poor neighborhood does not automatically qualify them for a mortgage, but the CRA says that it does, de facto.

In 1994 Obama sued Citibank for this very reason and won, so the facts suggest that they were legally forced to do this.

...and I am an economist. The WSJ has said it.

[herdzcatz]

Awesome video. I'm sending it out quickly to as many people as I can. It will be a pleasure to vote against Obama.

[CPAsheldon]

Thanks for this good video for further understanding about the facts before we vote!

[erelriuj]

Maybe John McCain will seal our borders so that nobody inside America can leave even if they were sure they could legally do so. But then they'll be taken on a virtual reality trip where they think they are leaving the country, and they're only looking at virtual countries and virtual people.

[erelriuj]

Maybe the world is flat and there isn't any outside countries and America is the whole world, like The Truman Show, or that episode of South Park "Canceled." /shrug who knows? Anyone know? Does it matter if you know.

[lawofattractionradio]

GREAT video. It shows that Obama's judgement is sorely lacking. 

Go McCain/Palin... They have proven themselves!

[erelriuj]

OK so you can't live without money very well. But just because everything is coming to a collapse and maybe a lot of people will die doesn't mean they don't deserve it. What is wrong with death to America? Do we deserve it?

[waggabu]

The ground produces everything we need, if you don't mind living like a human being instead of a demigod. If we could reasonably defend our water rights, we wouldn't need money.

Wants...on the other hand....

[erelriuj]

Rights are stupid. I don't believe in issuing people rights, whether they're from God or from the government.

[erelriuj]

If my ancestor was John Dickinson, well he didn't sign the constitution. Maybe he knew better.

[waggabu]

I guess that's the idea behind rights, is that they can't be "issued" or revoked...nobody has that authority.

Otherwise, the truth is determined by whoever has the biggest army.

[erelriuj]

Well, if everybody has the right to the pursuit of progress, then it also means that we should try to satisfy our wants and desires and even maybe live like demigods if we want to.

[erelriuj]

I mean to the pursuit of happiness.

[erelriuj]

Never mind. If my ancestor was John Dickinson, then he should have known better.

[erelriuj]

You can live without money.

[erelriuj]

Why is the economy so important? It's just money.

[erelriuj]

This video is confusing. It plays a song while displaying text and then playing clips from speeches all at once.

[erelriuj]

Sometimes I think death is an escape, but it's not.

[erelriuj]

I don't think the president today or yesterday is all that powerful though because people hardly listen to Bush and they hardly listened to Clinton or Reagan or Carter, and other examples. And since Barack Obama doesn't anything to say, and since McCain has even less to say, it doesn't matter if anyone listens to them.

[erelriuj]

If you believe that Jesus is the king (Messiah / Christ) then you believe that you shouldn't have any other king. But we've given the American president powers of a king. Did he always have powers of a king? I Mean, hasn't he gotten more and more powers after various laws have been passed?

[erelriuj]

Maybe John McCain shouldn't have fought against Fannie and Mac.

Look, you guys care about who becomes president WAYYYYYY too much. It doesn't matter very much who becomes president. A president isn't even supposed to be that powerful. The Republicans have been especially enthusiastic in reducing the influence of the Constitution and increasing the power of the president so that he is like a king. You want a king? If you want a king, then u don't want to vote, b/c you can't vote for a king.

[erelriuj]

Well where did you think he came from? I mean only like 4 years ago nobody had heard of him. He just appeared on TV everybody on TV said he was great so everybody listening to TV said he was great or bad.

[wolfhybred]

If any of you were informed you would vote third party. By informed I do'nt mean MSM brainwashing or watching youtube. Research how things work,voting records,the federal reserve,ect... Find out who owns these clowns. You personalize these puppets too much. Think about what a 3rd party candidate has to do just to get on the ballots. Think about why the 2 party system gets to make all the rules. Most of all THINK FOR YOURSELVES SHEEPLE! Why do you think the republicrats don't want to debate them?

[TheMouthPeace]

Not a bad suggestion. John McCain is about as third party as you can get and still back a credible candidate. He does not mind telling Republicans to go screw. Think about that.

[destrecht]

I was going to. Palin changed my mind though. I've liked her since April. BTW- I am informed. Former Libertarian EXCOM of KS member.

[1949gal]

Great video! Yet more Obama 'friends' and 'advisors' he will throw under the bus. It's never his fault that he associates with people of this ilk, is it???

[Imustprotest]

Fantastic video. It needs to go viral. Kudos to the creator!

[Ike4Nixion]

Obama is the most liberal, socilist, member of the Senate out there. If we elect him we most really hve our heads in our ass.

VOTE MCCAIN PALIN

[NZone71]

WOW! That's a big piece of information that nobody got to hear of it in MSM.

Obama campaign is trying to brush that under the carpet faster than the market is going down.

[pasmalltowngirl]

Americans better wake up and see what is happening right before our eyes. The destruction of America is in process. It is time to take back our country from the hands of the ones who are out to destroy it.

DEMOCRAT FOR MCCAIN/PALIN

COUNTRY FIRST

WAKE UP AMERICA

STAND UP AMERICA

FIGHT FOR AMERICA

NOBAMA

[reflector2]

Obama might be the most corrupt politician out there.

[VinceP1974]

Is there any contigency plan for this video in case the foot soldiers of Mr Marxism makes moves against it?

[contradictioncounter]

THIS should be the McCain ad running on TV about this FIASCO instead of the lame one they put out there.

If the McCain Campaign were smart, they would start listening to suggestinos from the PEOPLE. We're SMARTER than you give us credit for as evidenced by this excellent YouTube. This trumps the "professional" McCain Commercial about this subject hands down. Good work. Pass it on to EVERYONE you know - all your lists.

[blangston86]

yes it would be brilliant for mccain to pay to air an amateur's 9-minute TV ad on an absurd premise: that obama caused the financial crisis. good call.

[contradictioncounter]

it's called editing blangston86 - get a clue.

[blangston86]

well you didn't say that, countingyourowncontradictions. but i agree now: 30 seconds of stupidity would be less of a waste than 9 minutes of stupidity.

[TheMouthPeace]

Better than 4 years of stupidity...

Obama did not cause it, his friends did. Forcing banks to issue low-income mortgages did. Charlie Rangel did. Barney Frank did. Chris Dodd did.

They caused this foreclosure crisis. Obama looked the other way and is now running as the cure for his own disease.

What a sham.

[blangston86]

nobody forced banks to issue low-income morgages are u out of your mind?

[TheMouthPeace]

Sure they did. Obama sued them if they did not. His law firm did. He sued Citibank for just that reason.

Everybody, go read the Wikipedia page on this act and see if blangston86 is telling the truth. It is pretty clear he is not.

[destrecht]

Actually-- they did. Well, sorta. They threatened to label a bank 'racist' if they didn't put out those mortgages. (they got help from groups like acorn) Nobody in the banking industry wanted that.

[therealcaptobvious]

I work for the financial industry, i don't particularly like deregulation either. The removal of the Glass STeagall act was passed by a Dem, those freedoms were a total accessory to this mess and is now a hairy issue with this bailout stuff. Who's insured? What's insured? The fine lines are hairy, the proposal itself needs lots of transparancy.

[destrecht]

You do realize of course that all of this is on record, right? It's not fake- it really happened. Have have on your Egyptian River.

[snoogans20]

wait a second... It's a trap! Oh shi-

[laughatanger]

I cannot believe the Television/Radio/Newspaper Media Giants aren't reporting what every informed American already knows about this fiasco! I'm afraid the country will find out far too late. It is truly scary how someone like Obama, with the help of corrupt power players, could actually become President of our country in the age of information. God help the clueless youth of the United States!

[blangston86]

in the age of information maybe you should be more specific about what's so "scary" about obama. inform us plz.

[contradictioncounter]

Might want to try doing some research and VETTING of your candidate instead of believing the false messiah. Might want to start with the article "Operation Board Games".

[Caffey85]

Thanks for making this video. Obama is running the most deceitful, shameful campaign in recent history. I am shocked at the hate emanating from the Left. To have this group in the White House will be a change, alright, but definitely not a good change for America.

America needs a couple of Reformers, not a group of haters.

[blangston86]

i knew it! obama caused the stock market crisis! your vid about sarah palin being experienced was absurd but more convinsing. how much does the mccain campaign pay u to make crap vids?

[TheMouthPeace]

I do it to get the satisfaction of reading perturbed e-mails form people like you. I do it because people deserve to know that Obama befriends he same people who gave away no-interest, no down-payment mortgages to people who could not afford them, which cratered our economy so now he can run against the damage his cronies created. All those people kicked out of their homes? Obama's best friends got rich doing it. How does that make you feel?

[blangston86]

so u think fannie mae gives mortgages to people? maybe this is why your small brain is so confuzed. they buy mortgages from banks and mortgage companies who were doing the predatory lending. if you think obama is to blame for the deregulaiton of the banking industry over time than you need psycheatric help. does mccain pay u enough for that?

[TheMouthPeace]

That is why "giving" is in quotes. The Clinton Administration passed laws that penalized banks for not giving enough low-income loans. Fannie Mae was then used to enable the "giving" of those loans by agreeing to guarantee them and buy them up. They then mixed those loans in with the "good" loans and sold them off as securities to the banks. Fannie Mae created the subprime market, and then made their securities impossible to value because they hid the bad loans in them.

[TheMouthPeace]

Fannie Mae gives the banks guarantees on those mortgages. What they doe is take the one loan you made and trade it for securities which are a mix of loans from other banks. This way the bank can make interest off the loan it made, but diversify its holdings with loans from other parts of the country. Fannie Mae was mixing bad loans in with those securities, and then made impossible to tell how many bad loans there were by overstating their asset basis in their financial reports. Shell game.

[lisaleg001]

Unfortunately, because of the bad taste left in everyone's mouth after Bush, I worry that we as a people are being sold that everything Republican is bad and Democrat equals good. As we can see, both parties are full of corruption and need a good housecleaning. I just hope that people don't run from one inexperienced, bought politician on the right side to his equivalent on the left.