Obama Ranks Second In Freddie/Fannie Contributions
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Who gets the most from them?
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@savemyplaylist Not all of us. Our country is full of idiots like every country.
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“the political response to rising inequality – whether carefully planned or the path of least resistance – was to expand lending to households, especially low-income households....public policies, like tacit acceptance of the implicit public guarantee enjoyed by Freddie Mac and Fannie Mae, encouraged people to bet big on housing and ultimately led to an unstable financial system." - Raghuram Rajan, former chief economist of the International Monetary Fund
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and the dip shit americans voted for this corporate shill
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This video touches on most all of the highlights of who -and what- made Freddie Mac and Fannie Mae such a mess:
Liberal programs fostered by democrats to bend the rules for loan application approvals for applicants that didn't deserve it. Govenrment funds (dollars from working taxpayers) paid off the loans when they defaulted, and private investors made money on the loans all the way. The Liberal program got everyone feeding at the trough, ignoring their conscience. The gov't guarantees them!
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i love fox
3 years ago 3
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So finally there is an explanation to why Obama's campaign has been doing better than McCain's. He's accepting all this dirty money -.-
fxckinglush 3 years ago 13
fuck obama hes cheating us and ur blinded ass doesnt see it
student431 3 years ago 5