Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis.
At a 2004 hearing see Democrat after Democrat covering up and attacking the regulations t...
Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis.
At a 2004 hearing see Democrat after Democrat covering up and attacking the regulations to protect Fannie Mae and Freddie Mac (their Cash Cows) that are now destroying our economy because the Democrats let them cheat.
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And Fox News went bat shit crazy over Acorn because they were giving people advice to break the law, avoid taxes, and traffic under age prostitutes. Fox didn't go bat shit crazy about the economy because nothing illegal, per say, was going on. Because Congress not only made risky loans legal, they blackballed any bank or lender who didn't make sub prime loans. Wake up kiddos.
The only reason u can blame the bankers is because they followed the laws democrats wrote and republicans and democrats BOTH passed. Congress forced banks to make risky loans by mandating banks carry a certain percentage of mortgage loans in the sub prime catagory, which is primarily numbered with minorities. And DEMS wrote such legislation.
No one foresaw the magnitude of the washout man, and repubs were speaking out. And for your earlier post, Bernie Sanders? He's an open socialist. U should learn something about conservatism before u start doling out advice for the republican party.
this video is from 04. who was in control of congress then?fox news went absolutely bat shit crazy about acorn and made sure everybody knew about them. Why didnt the repubs do the same thing about the coming economic meltdown. Dont you think that is a little more important than acorn?all im saying is...if the dems are responsible then why didnt the repubs say anything?why werent they screaming about this from the tops of the rooftops. Could it be because deregulation was the problem?
Actually just because you have a repub pres does not mean he is in charge, that is why we have congress checks and balences. The DEMS controlled congress the house and sen. The DEMS did what they wanted to do, and now we are in this mess
You do have a point, however it is the Dems who allowed the de-regulation of Banks and forced the Banks to give loans to people who cannot afford them, ACORN had a huge role in that.
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