Fannie Mae/Freddie Mac Hearings 2004
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Uploaded by cwilderness on Sep 30, 2008
Collection of devastating excerpts from the Fannie Mae/Freddie Mac hearings before Congress in 2004. These excerpts from the hearings show the "willful blindness" and corruption that went into the Democrats continual support for these two criminal enterprises, and the efforts made by the Republicans to clean up what everyone knew was coming . . .
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The US government is awesome, isn't it? But do not blame them, as the US population votes these wonderful politicians in. Yes, I am saying that the US population are feminized and useless and will soon lose any freedom they think they have. Happy New Year ID10ts.
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@tonystjames, who do you think sent the regulators that you see in the video?
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@tonystjames You are clueless. You talk about Kool-aid? Its running down your shirt.
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@frattura30 not only that is that they played the race card , when they said the gop was going after frank rains !!!!
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Facts, facts, facts, warning, warning, warning... RACISM! [end of discussion]
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@tonystjames Thanks for ignoring the facts... the GOP did try. Elizabeth Dole introduced a bill that died in the Senate which requires 60 votes to end filibusters. The GOP never had 60 votes. Bush started talking about this issue as early as 2001.
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@tonystjames The Bush administration warned Fannie/Freddie 17 times that regulations needed to be put in place. There was a blatant disregard by democrats in this video. This video also shows quite clearly, the blindness on the part of the democrats refusing to see the train wreck that eventually came and ruined many lives. It also shows the greed and complete disregard for fiscal responsibility.
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It's called Fillibuster
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Seriously...you don't have to single out one party you ingnorant fools. For facts this started with Regan who first signed the deregulation...passed on down through Bush Sr. Clinton, Bush II and handed off to Obama. They've all had a hand in this, but most of the blame lies with Wall St for insuring against their own risky loans...nobody held them accountable but you sure pile on the unions for all this mess. LOL! idiots.
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Correct me if I'm wrong, but weren't the White House, the Senate and the House all controlled by Republicans in 2004? Why didn't the Republicans do something about this then? They clearly had the power to have fixed the problem.
Oooooohhhh....now I remember why they sat on their collective asses and let this happen. It was an election year.
I notice that this videographic triumph of "truth" is conspicuous for its failure to note who held the reins of power in 2004.
tonystjames 3 years ago
This was all created by the Libs, buying their voters by offering something for nothing (free houses). Remember O'Bambi's "community organization" with a group that worked for "affordable housing"? Guess what? That was O'Bambi working with ACORN, who fostered mortgages for deadbeats and poor who couldn't pay for them, and getting Fannie and Freddie into this morass with mo money mo money for mortgages that should never have been!
cwilderness 3 years ago 8
If you think this was all created by the Libs, you must be drinking the Kool-Aid pretty heavily. The facts are that both sides of the aisle created this mess and they are both trying hard to pin the blame on the other party. Stop drinking the Kool-Aid that I can assure you they want you to keep on drinking. Stop falling for this partisan BS and hold them all accountable for the mess they have all made -- Dems and Repubs alike.
tonystjames 3 years ago
Nope, sorry...wrongo! The Dems own this kind of socialistic nonesense. You're not going to find conservatives laying out the crapola that the poor and minorities were "discriminated against" by lenders who wouldn't give them mortgages. Heaven forbit you have to be able to actually PAY your mortgage before you can get it. The Dems OWN the race and class cards that were played in the creation of this mess.
cwilderness 3 years ago 5
It's soooooo easy to spot a Kool-Aid drinker: They don't have any ideas that they didn't get from their chosen party or some talking head, and they never bother with the facts. You are wondering in the "cwilderness" of political ignorance, "my friend." If you were half as bright as you think you are, you would know that it was a Republican who in 2000 authored the legislation that allowed banks to trade in credit-default swaps. Get the facts straight before you go shooting your mouth off.
tonystjames 3 years ago
I'm sorry...I thought George Bush's term started in 2001... oh, WAIT! It WAS Bill Clinton who was president in 2000. Hmmm,...
cwilderness 3 years ago 3
By the way...YOU really need to get YOUR facts straight. CDS are unregulated and unlegislated instruments, which are creatures of private contracts between parties, trading risk. Stop talking out of your butthole.
cwilderness 3 years ago 2