Explosive CEO calling Obama and Dems the "Family" "Conscience" of Fannie Mae
The Banking Failures are because of the Housing Crisis, which was caused by mortgage lenders handing out bad loans and ...
Explosive CEO calling Obama and Dems the "Family" "Conscience" of Fannie Mae
The Banking Failures are because of the Housing Crisis, which was caused by mortgage lenders handing out bad loans 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!
NOW VIDEO FOUND of the CEO of Fannie Mae in 2005 explaining the "FAMILY" connection with Democrats
And specifically Barack Obama and the Congressional Black Caucus
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Yesterdays soft and cuddly government program is todays financial chainsaw massacre. Far from an illustration of free-market dysfunction, todays mortgage mess is a classic case of socialistic governmental intervention gone awry. What the Clinton administration did, in forcing loans into these communities, was an economic crime. It was immoral it offered short term political advantage by helping Clinton sneak into his second term in office.
Shakespeare said: Neither a borrower, nor a lender be. a lesson in common sense .1.the first symptons of hyperinflation are a government cannot balance it's budget from tax and trade so it needs to borrow which only creates a vicious circle.2.printing money out of thin air ,that is not supported in the output of goods and services .why would any sensible gov cause hyperinflation ,to stop a depression,and in this way it does'nt look as though they have raised taxes ? legalised theft !
The best idea is to DISMANTLE both Fannie and Freddie. The idea of both of these companies is to inject liquidity into the mortgage markets, by freeing banks capital which would otherwise be tied up in the loans if it were not for F&F buying. The problem is when F&F get burned, the government gets burned. Also, I am sure banks are a lot less careful doing their underwriting due to the fact that F&F are going to soon be taking the stinky paper off thier hands, Will F&F ever die, oink oink, never.
I think the fight is over and the Demorats win. They are so much slicker pols than the Republirats and they control the major population bases, plus they are better at doling out the goodies. Minorities are slaves to the Demorats and thier numbers are rising, whites numbers are falling. Congrats Demorats, you can firmly put your ideology into full play, no matter how toxic it is for this country. Ted Kennedy was a genius, he knew the 1965 immigration reform was a royal flush for the Demorats!
Its shameful that some Americans try so hard to show the truth to those who were dead set on Obama not knowing a damn thing about him, before Libs voted for their biggest mistake that would hurt America bad, but their aim is hate of other peoples freedom. BO is proof, Dems trying to force UHC against our will. I told them on Yahoo, Patriots warned them, repeatedly, using this video, & 1 of Reps begging Dems to stop, Libs called us liars, tho we had proof. Deaf on purpose. They Hate America, sad.
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But hey, gotta spread the wealth no?
RACIST BIGOTS!