Obama and Fannie Mae

[intellispeak]

Fannie Mae did its damage, but it was not cause of the debt crisis. The root cause was the proliferation of mortgage backed derivatives created by Wall Street. Wall street got into the mortgage business and was not subject to loan underwriting regulations. They deceived investors into thinking that loans backing the derivatives were as safe as traditional bank loans. The reason why Wall Street could do this was the repeal of the Glass Steagall Act signed into law be by Bill Clinton.

[PrideNSelf]

I am so glad McCain sounded the alarm back in 2005. Weren't the Republicans in power then? What happened? Why did the wise Republicans allow it to continue then? Why didn't they heed to words of their beloved McCain, and march up on Capitol Hill, and wipe out Fannie and Freddie and save our country? Because I am sure their pockets got fat as well. By the way, I believe all this that Hannity put on this video needs to be fact checked. He's been caught in bold faced lies on more than 1 occasion.

[PrideNSelf]

I am so glad McCain sounded the alarm back in 2005. Weren't the Republicans in power then? What happened? Why did the wise Republicans allow it to continue then? Why didn't they heed to words of their beloved McCain, and march up on Capitol Hill, and wipe out Fannie and Freddie and save their pockets? Because I am sure their pockets got fat as well. By the way, I believe all this that Hannity put on this video needs to be fact checked. He's been caught in bold faced lies on more than 1 occasion.

[BOPPJONSER]

they bought up all the subprime loans and repackaged them as "financial securities" the dems are as party of 'SLITHER" THEY CAN SLITHER THROUGH A CRACK AND THEN PASS THE BLAME ON TO REPUBLICANS !!!

[BeantownJim]

dont forget barney frank and maxine waters saying to congress that fannie and freddie are not a threat to the us economy

[BeantownJim]

!, ACORN 2, CRA 3, Affirmative action banking 4,Fannie and Freddie 5, sub mortgage collapse 6. Economy is toast

[AgnesBojaxhiu2000]

the rushie herbert hoover neocons is the obstruction party of NO ... the neocons are mind controlled mega ditto heads ... they tell you that the banks were over regulated ... that the clinton told them nearly a decade ago to make govt guaranteed home loans to people without any income or jobs ... and the neocons with their mega ditto minds actually believe this ... the bottom line is that it happened on the neocon watch ... the truth is the neocons let the bankers and oil barons go wild

[slikkwon]

being the party of "no" leaves money in my pocket.

i like to decide how my money is spent thanks...

[giub99]

Barack is a whimp! Everytime he gets busted, he runs away crying fraud.

We need A STRONG LEADER as our President; we need Senator McCain !

[WeRevealTheTruth]

Google this: stop-obama-constitutional-cris is

Go to the 3rd or 4th site and sign.

THIS IS NO JOKE PEOPLE! GO GO GO GO GO!!!!!!

[RebelsLiberator]

Dont let Obama take credit for "fixing this mess".Expose whos behind BEFORE November.

[RebelsLiberator]

Both former CEOs of Fannie and freddie are now Obama advisors.You really want Obama to manage Americas economics?I dont think so.Lets drop the terrorist ties for a minute and check who he wants to tax.All those who make over 250k.That includes the entire sporting industry,Hollywood industry,and any businesses including small ones that make over 250k in a year?How is that going to keep jobs in america?

[jefeisdguard]

Libyan Leader: M'ammar Al-Qadhafi

Al-Jazeera TV(Qatar)

June 11, 2008

Along came a black citizen of KENYAN African origins, a MUSLIM, who had studied in an ISLAMIC SCHOOL in Indonesia.

His name is OBAMA.

All the people in the ARAB & ISLAMIC WORLD & in AFRICA APPLAUDED this man. They welcomed him & prayed 4 him & 4 his success, & they may have even been involved in LEGITIMATE CONTRIBUTION CAMPAIGNS to enable him to WIN THE AMERICAN PRESIDENCY.

Sobering how those supporting Obama HATE AMERICA!

[rafaelbrom]

The Antichrist Obama and his dangerous Liberal, Pro-Abortion, Evil, Godless, Communist, Overspending Gestapo will CHANGE USA into bankrupt USSA - United Socialist States of America.

[rafaelbrom]

The Antichrist Obama and his Pro-Abortion Godless Communist Gestapo will CHANGE USA into USSA - United Socialist States of America.

[ipotter9]

Both republicans and democrats are for blame for past acts that have lead to this economic crisis.  However, it could have been headed off if Dodd and his banking committee had done their jobs and looked farther than the effect on their own pockets (oh forgot... Obama likes to claim it as HIS banking comittee, maybe that's because his pockets get lined through it too).

[jhtrico1850]

WHYYYY

If the people knew, they could not vote for Obama.

[unett]

It's one scandal after another with Obama. Why is he still running? He should be removed from the nomination.

[opshadow1]

phil gramm and bush deregulated the industry. Sean Hannity is a moron!

[AMVVir]

I don't like Hannity either, but you've got to face the truth that most of these bad loans wouldn't have been given out if it hadn't been for the excessive regulation that required banks to give loans to people who couldn't afford them - on one hand - and too little regulation of Fannie and Freddie - on the other hand.

[opshadow1]

You make a good point, but the Credit, Mortgage and Banking Industries are suffering from policies installed and controlled by the Republicans. I used to be a Republican, I'm painfully aware of the policies they enacted under reagan, bush and bush. Clinton had his share too, but not close to the ridiculous leniency provided by the Republicans, who incidentally, controlled Congress too. bush didn't Veto a single Bill under Republican control, but look what happened with balance, Veto, Veto, Veto.

[AMVVir]

Which policies are those? Isn't the problem here that the government intervention in the market by mandating the issuance of sub-prime mortages to people who couldn't afford them created a housing bubble which would not have occured without that government program? So in other words, the issue was not a lack of regulation of the private institutions, but rather a lack of regulation of the government sponsored institutions?

[opshadow1]

I don't see it that way, all though I haven't read the cumulative 100,000+ pages of legislation that went into the Each of the Bills. What I do know is phil gramm routinely turned down Securities and Exchange Commission chairman Arthur Levitt's requests for more money to police Wall Street. And, Gramm pushed through a historic banking deregulation bill that decimated Depression-era firewalls between commercial banks, investment banks, insurance companies, and securities firms.

[PhillyEmeraldguard]

he is a lieing hatemonger spreading fear to Americans to hell with the devil Obama

[hooah213]

Obama is a snake oil salesman

[FREEDOMLVR7]

What was that quote in Obama's " Dreams of my Father" book about white mans greed again?..

[Derventio74]

Great video - thanks for sharing, Josh!

[doughborne]

Just on FOX, Bill did not Pass, Right on ! Pro Patria doughboy

[solomonred1]

The views on the clip seems to be stuck on number 346. You-Tube better fix that!

[AMVVir]

View counts update a few times each day. They are not instant.

[yahasifff]

This whole economic mess is due to afirmative action Democrat policies. Anyone who is honest can see that. Why doesn't the mainstream media report that? Why don't you hear this on ABC, CBS, MSNBC, PBS? Why does the mainstream media let Obama and the Democrats get away with blaming it on Bush and Republicans. And WHY is this whole crisis occuring 30 days before the presidential election? This is clearly a Democrat ploy to manipulate the public and steal this election. And the media is complicit

[ytdsmom]

"I join as a co-sponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole."

John McCain, Senate Floor, 5/25/2006

[titman40]

v=NU6fuFrdCJY look!!!!!!!!!!!!!!!!

[solomonred1]

Every red,white and blue American should take this video clip, and pass it on to friends, family, neighbors, aquaintences, and urge the main street media to report the real news! Our country is being sold out by these greedy politician traitors!!! SAY NO DEAL TO THE BAILOUT until the low life MAGGOTS step down!

[ooldsalt]

Politicians from both parties have failed to protect the public  from this debacle and the public was gullible enough to believe " Greed is good". speeches from Wall Street. Greed is not SAVING America.

[doughborne]

The Banking Failures are because of the Housing Crisis, which was caused by mortgage lenders handing out bad loans to those the democrats knew the people could not pay them back and the biggest offenders: Fannie Mae and Freddie Mac.

The Democrats have been taking PAYOFFS from Fannie and Freddie to look the other way FOR DECADES!

[doughborne]

Dodd, Christopher $165,400 Obama, Barack 126,349 Kerry, John 111,000 Bennett, Robert 107,999 Bachus, Spencer 103,300 Blunt, Roy 96,950 Kanjorski,Paul 96,000 Bond, Christopher 95,400 Shelby, Richard 80,000 Reed, Jack 78,250 Reid, Harry 77,000 Clinton, Hillary 76,050 Davis, Tom 75,499 Boehner, John 67,750 Conrad, Kent 64,491

[arkadyka]

Half of those people belong in jail.

[doughborne]

yep thinking about the stupid traffic shit I've been to jail for and dickhead democrats and their supporters get to skate on some tall stuff ! Keep up the Fire ! Pro Patria doughboy

[doughborne]

By the way, exactly who were the recipients of that lobby money that Mccain said was being used "in an effort to interfere with the regulator's examination of the company's accounting problems." Well, here is the top 14 on the list, ranked in order with the recipients of the most money at the top:

Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008

[doughborne]

Americans need to vote out every lying crooked democrat, that means all democrats out of Office ! Wake up, they are bringing Our Country to Our Knees. Whatever they don't steal, they get paid to protect those ripping US off, take the earnings of Hard Working Americans and give that money to those who think we owe them a living and pocket what is left over. Please help get these democrat crooks out of Our goverment ! Pro Patria doughboy

[doughborne]

and anybody notice if you go to osama obama channel, your negitive comments are removed right now and then they block you ???? Fuck osama obama ! So much Freedom of Speech there !!!! Pro Patria doughboy

[solomonred1]

Let him block all wants for in Nov. 4th he will not block out our vote for McCain!

[doughborne]

Right on ! Pro Patria doughboy

[doughborne]

Pelosi:

Blow my tire!

Acorn, Wade Rathke, resigned after news emerged that his brother Dale had embezzled nearly $1 million from Acorn and affiliated groups eight years ago information the group kept from law-enforcement authorities and most members. (Wall Street Journal, 7/31/08)

ACORN-friendly language was slipped into the Democratic economic rescue proposal by Senate Banking Committee Chairman Chris Dodd (D-CT) and House Financial Services Committee Chairman Barney Frank (D-MA).

[myebuzzdotcom]

Acorn = Barack Obamas people go to: learn more!NO SPACES

(justsaynodeal . com / acorn . html)

[qzg1265]

This is amazing reporting. While I am not a Republican I am for honesty in Government which only seems to come from Ron Paul or Jim Bunning. The other networks are spineless when it comes to reporting this stuff. Please continue to expose this as it is just one of a many vehicles to expose the Democrats for the liars and cowards they are.

[jaguar1945]

thanks for posting this is very important and needs to be told.obama and the democrat fooled a lot of people.they dont care about us they care about thier own wallet

[obamaxxx]

Great video. Expose those false DemocraP leaders (starting with Nobama) to the naive American people.

But, will the corrupt left wing media (msnbc and alike ...) cooperate !!

[joemilesaway]

Didn't Bareck Obama got his mortgage rate no one could get on his shady deal house?

[SweetCaroline1971]

GREAT VIDEO!!!

Go Hannity!!!

Seems your the only one in MSM that isn't asleep at the wheel in regards to slimy Obama and all is evil!!!

Get the word out. The truth shall set us free!!!!

NObama!!!!!!!!!!!!!!!!!!!!!!!!­!!!!!!!!!!

[dbcmpny]

yeah.. mccains CAMPAIGN MANAGER lobbied for no regulations on behalf of JOHN MCCAIN for years up until last month... reports say $15,000 a month but thats not on top of the $30,000 a month b/c the companies name has his included.. kinda pathetic the low road is hannity.. with a red neck ame like that could you expect any less? 95% of America will over ride the 5% power & i will look back and remember how hard you lames tried and thr propoganda of my time.. LOLOLOL

[solomonred1]

One guy is one thing but for your candidate to have his whole inner circle is another. BTW, your facts are inaccurate. To top it off we now have Democrat Chis Dodd, who is in charge of the Senate Banking and Finance Committee, as the #1 Senator to receive more payouts from Freddy Mac and Fannie Mae, followed by Obama is so disgusting. Hannity didn't go far enough to expose ACORN, who Obama and the DEMs want to give 20% of the 700billion bailout and Obama worked as community organizer/attorney.