DeMint: End Fannie-Freddie Lobbying

Sen. Jim DeMint (R-S.C.) speaks out about the need to put an end to Fannie Mae and Freddie Mac lobbying if the current housing bill becomes law (Friday, July 25, 2008).

Category:

News & Politics

Tags:

• senator
• jim
• demint
• housing
• lobbying
• fannie
• mae
• freddie
• mac

[thaxtonkevin1]

exen- liberals are not underfunded. You are playing the blame game. Is George Soros a liberal? You are the type of person that is a threat to our Republic.

[exenrontexas]

The "Clinton" bubble as you call it is a very, VERY small part of the problem. What almost caused the banking system to collapse was the REAGAN DEREGULATION of banking which was put in place by FDR to protect America from the speculative practices of large corporations. One of the major criminals involved was Sen. Phil Gramm (R-TX) who passed the ENRON LOOPHOLE which allowed banks & corps to LIE about their books. His wife, Wendy, was making a million a year as an ENRON director. 'nuf said

[imstillalive0331]

which allowed a temporary surplus, or 'bubble', of money to flood the economy. after years of banks loaning to everybody and anybody due in part to legislation past under clinton's administration (and backed by alan greenspan who was chairman of the federal reserve bank) and administrations before his, people who would almost certainly default were given loans and when they ould not pay... well here we are. he helped the federal bank just like every president since kennedy.

[exenrontexas]

@imstillalive0331 Thanks for your service we had about 175 Marines aboard my ship. They handled the armory, security duty for special weapons (nukes) and the brig and worked for the XO.

I disagree with your contention that Clinton's mortgage bill caused the economic down turn. Since besides working for ENRON, I worked for a large money center bank that had ELEVEN TRILLION DOLLARS in derivitive exposure. Derivitives are risky bets on the economy & the deregulation that allowed them is the cause

[imstillalive0331]

i'm familiar with Smedley Butler's heroics on and off the battle field. i had to do an essay on him when i was in the marine corps (long story, but i got in trouble and it was that or be reported). i am not defending the bush family at all. however, clinton's mortage bill in '97 was one of the major contributers to the housing bubble which was a major contributer to the downfall. this downturn began AFTER the inflated economy began to turn. his economic success was based off the of inflation

[exenrontexas]

@imstillalive0331 Clinton was responsible for the RECOVERY from Reaganomics. He reformed welfare and had a sound fiscal policy and gave us a surplus. Paul O'Neil the first BUSH Sec. of the Treasury said in his book, "The Price of Loyalty" that Iraq had cost America one TRILLION dollars and when Iraq and Afghanistan are finished will cost America ELEVEN TRILLION dollars. The damage that BUSH has done will haunt America for fifty years. Worst president in history. Obama promised change...NOT.

[exenrontexas]

@imstillalive0331 The Robber barons that recruited Butler wanted to assassinate FDR, suspend the Constitution and disband Congress. Butler, the most decorated American serviceman EVER, blew the whistle on them and testified before the House UNAmerican activities committee. You can hear his testimony right her on youtube. Search for "business plot". Who were the plotters? JP Morgan, the DuPont, Remington and Goodyear families and...PRESCOTT BUSH. BUSH was a NAZI supporter.

[exenrontexas]

@imstillalive0331 I agree that we have had this problem for a long time but the conservatives are my main concern. They are highly focused, very well funded and very well organized. The liberals are not focused, poorly funded and confused. Conservatives are a much greater danger to democracy. NOW let me show you a little history that for me was an eye opener. In 1934 Marine General Smedley Butler was approached by a group of fascist conservative Republican war mongers to lead a private army.

[imstillalive0331]

i would disagree. while the economy hit record lows on his watch, it had actually started down in the last two years of clinton's reign. if you think that your government is not in bed with those same corporations then you should read woodrow wilson's book. he signed the federal banking act that currently runs our economic system. just look up central banks and i think you will be disgusted. while bush fucked us, he wasn't the first, and obama won't be the last

[exenrontexas]

@imstillalive0331 ...warbed America of the danger of people or groups who were more loyal to ONE MAN or ONE PARTY than to the people of the United States and the Constitution. Since we have been burdened with a two party system then that opens the door to lobbyists, pressure groups and corruption of logarithmic proportions each working hard for their own benefit at the cost of the taxpayer. Imagine how much could be done with open honest government. Secrecy is the friend of tyranny.