Put Down the Crack Pipe Democrats for the Financial Meltdown

[donotech]

Can you explain why noone is breaking that story ?

[donotech]

Don't forget that Congress also tried to legislate home owner for the poor by changing the Community Reinvestment Act in 1999. As a result the banks tried to make it a winning situation by packaging them up as CDOs. Our lovely Congress started this whole mess and had several opportinities along the way to stop it. Frank and Dodd sb in jail.

[ETHANNAH1902]

Thank you

[folkmstr]

I've cast my vote for Obama and here's why. George Bush was put into office by people who resent perceived  intelligent educated elitism and preferred perceived common man rule. Anti-War Voices of dissent were silenced through the threat of being labeled "UnAmerican". Those who elected Bush were simple in their trust. McCain is the Same. This time the intellectuals and those passionate about real change will hold Obama To Task. Not to mention those of you who despise him as well. Believe It!

[folkmstr]

Only we the people can be responsible for what we let the govt do. The Republicans and wimpy democrats let Bush/Cheney dispose of our constitution. Give themselves powers undefined and incur a  needless war in Iraq. My friends and I protested publically ...Did any of you? So i will not vote for another candidate supported by those who support fear and hate. At least this time if I have to march to protest Obama, I won't have to worry about you guys fighting me in the streets.

[folkmstr]

Sorry This Was All Off Topic.

Good Luck to all of you my friends. In the end I hope we will all come together in some kind of unity. I will support your right to make up your own minds and your freedom of speech till the day I die...peace

[jono1028]

How do you feel about people giving themselves power now? Obama and Geitner are trying to get more power as I write this. Obama has been shouting"CRISIS" for weeks to scare people to push his budget through like they did on the useless stimulus plan which allowed those AIG bonuses and nobody fully read. Thanks Democrat Dodd.

Shame on Republicans for not causing more of an uproar than they did. Shame on the Repubs that put 40% of the earmarks in the stimulus plan. DOUBLE shame on the DEMs

[folkmstr]

Financial derivatives, like "credit default swaps" on mortgage backed securities, were specifically deregulated by Phil Gramm, et al, in the Commodity Futures Modernization Act of 2000. Though many Democrats signed it, the bill was pushed through by the GOP with Alan Greenspan cheer-leading. Until July 18, 2008, Gramm was a senior economic adviser to John McCain''s presidential campaign. In 1996, McCain chaired Gramm''s presidential campaign.

[pdtcp]

True but you are missing the point. There wouldn't have been the subprime market if it weren't for the democrats pushing the questionable loans down banks throats. The banks decided that they have to make money on these loans and that is when the CDO came in. I am just saying that government tries to interfere with business with noi idea of the implication. Both sides do it but the housing bubble was caused by the dems.

[folkmstr]

Thats great, you've got a video that flashes info. faster than anyone can read and press documentation that is unreadable. Not to mention a horrid soundtrack made for hillbillies from the 80's (haha just my opinion). Now I will try to investigate the info. for myself but in the mean time I think Obama's Economic advisors. Highly respected Paul Volker and Warren Buffet will have to serve as a credible endorsement for the time being.

[pdtcp]

Investigate the senate S.190 bill and who was the chairman of the senate banking committee(who should have doene something about the subprime market) at the time and didn't even bring it to a vote. Look also at how gets the most in campaign contributions from Fannie. Don't forget who remove the GLASS-STEAGALL ACT (1933) in 1998. Nobody in the media wants to investigate the democrats. Just remember, Obama only got elect 6 years ago. He has no more experience than Palin.

[dwainh]

well put, well stated = well done video.

[pdtcp]

Keep educating, unlike the media, and McCain has a chance. Tell everyone about the S.190 bill.

[pdtcp]

The only hope is Rezko tells the truth before the election or the media starts asking questions about what the hell this guy has done to qualify himself to be president. Answer: nothing.

[pdtcp]

I can't take credit. TheMouthpiece did it and youtube removed it because of the 'copyright protection' for the songs. I can't believe Obama is not getting hammered over his record or the lack thereof. I am from Chicago and this guy is a joke.

[vanagon555]

Please add ACORN content to this video and Obama's "community organization" activities in it, and how it pushed for these subprime loans..in the name of "compassion". I'm pissed off!!!!

[pdtcp]

What is the deal with Acorn ? See above reply as well. We are doomed if the Chi-town political machine produced rookie gets in the White House. Did you hear Rezko is talking to federal prosecutors. I think he waited until he had the most leverage, election month.

[vanagon555]

Could be....hope s!!! While the dems where pushing for hi-risk/no documentation loans for people who can't afford it, ACORN was working the streets as a "community activist group", protesting in bank lobbies, calling banks racist and elitists because they were not giving loans to people who could not afford them. Obama represented them as their lawyer and "mentor" on how to "protest". This man is as close to a communist as you get get...before being called a communist.

[vanagon555]

Thank you. Thank you. Thank you. Finally somone who sees what I see. Will post it every where.

[pdtcp]

TheMouthPiece actually created this bet it got pulled because of the music. I will repost it if they pull it from this login. I can't believe Obama isn't getting hammered on his 200K he got from Fannie Mae while the dems didn't even bring to a vote the S.190 bill co-sponsored by McCain in '05. That is when Dodd was the Senate Banking Committtee Chairman and he was getting 165K from Fannie.

[klonedklein]

Penny Pritzker... OB's master (one of them) has been involved. The problem is that no bank has money to lend, so why can't we just create our own money and loan it to ourselves without interest? That is what they do. Credit card companies don't loan you money... they don't have any. It is a sham/fraudulent scheme to increase their wealth. If I don't have $100, how can I loan it to you and charge you interest? Housing should be free from interest because in actuality, the money is not there