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Fannie Mae / Freddie Mac + Economic Crisis

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Uploaded by on Oct 13, 2008

READ HERE THE FULL STORY.

ACORN,Fannie Mae / Freddie Mac, & Economic Crisis
The deeper you look into the ACORN / Obama association the more you see the liberal socialist Barack Hussein Obamas fingerprints are on the Fannie Mae / Freddie Mac and economic crisis. The Fannie Mae / Freddie Mac crisis is the foundation of the current economic crisis. Barack Hussein Obama has over a 20 year history with the corrupt ACORN.

ACORN saw their first opportunity with the passing of the Community Reinvestment Act (CRA) of 1977. The CRA was passed by the Democratic Congress and signed by Jimmy (the peanut farmer) Carter. ACORN proudly touted affirmative action lending and pressured banks to make subprime loans.

Madeline Talbott, the Chicago ACORN leader bragged of dragging banks kicking and screaming into making dubious loans. ACORN became an advisor to banks seeking regulatory approval. Suddenly hundreds of thousands of dollars were donated to ACORN as the ACORN corporate shakedown began. Many large corporations found themselves paying ransom to ACORN.

Liberal socialist Barack Hussein Obama started with ACORN in his youthful community organizing days. Madeline Talbott hired Obama to train her staff at ACORN. Barack Hussein Obama was now training the very people who descended on the Chicago banks as CRA shakedown artists. Later through the Woods Fund, on whose board he sat, and through the Chicago Annenburg Challenge, where Obama was board chair, millions of dollars were being funneled to ACORN and others. Obama also legally defended ACORN on several occasions against voter fraud. Barack Hussein Obama was and still is a big part of ACORN, his campaign donated over $800,000 to them.

The issue jumps from politics to politician when you consider the community organizer role the liberal socialist Barack Hussein Obama is so proud of. It is public record that Obama worked for ACORN where he sued financial institutions to force CRA compliance. It is no secret that Obama continues to support the strategies and goals of ACORN. America this puts Obama on the front line in the creation of the Fannie Mae / Freddie Mac crisis and the subsequent economic crisis that followed shortly thereafter.

You could possibly make the case that before 2008, well-intentioned people were simply unaware of what the long term effect would be of so many non-credit-worthy borrowers receiving mortgages. They may not have imagined it would lead where it did. After all, Barney Frank and his other liberal socialist democrat friends denied there was a problem back then and still today refuse to take any responsibility for the crisis themselves. Now though with the whole financial world and possibly the world economy trembling and cracking like a cement building in an earthquake, what do the Democrats do? They continue to try to fund their friends at ACORN at the expense of the taxpayers of the United States. Then, unashamed, they trot out to the TV cameras to declare "the party is over" for Wall Street (Nancy Pelosi). What about the party for the Democrats, what about all the money they received from Fannie Mae and Freddie Mac? Isnt it their party that should be cancelled? The Democrats and Barack Hussein Obama blame the Bush administration and Sen. McCain for what they have caused. Can you imagine if Obama wins, it will be equal to putting the fox in charge of the henhouse.

WAKE UP AMERICA!!! OBAMA is a big part of the Fannie Mae / Freddie Mac economic crisis America is now suffering from!!!!

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  • @EugenieFranval2 Of course your comment was spammed intentionally. The RICO Obama Regime is manipulating through posts on the web the truth so they can remain in control. The simple truth is that the enterprise corruption in the govt. goes to the highest office with fraud and theft. From the outset Obama & Fannie & Freddie being funded by fraud against me. The real unindicted mstrmd of 911 manipulating the mortgage market still. I AM NOT DEAD. Enforce basic laws Honey Siegal (trustor B. of A)

  • I love the way black politicians throw around the word "lynching" as in "political lynching"

    Fraink Rains is a liar, cheat and idiot.

  • Bob, didn't you hear? Obama cleared himself of any wrong doing......LOL...isn't that all that's necessary?....How does one "clear" one's self without proof to the public.

  • after you watch this film v=H-_HlpZ8azA

    Obama has so many secrets, he never answered Mr. Berg Writ. Wonder why... I know so he does not commit perjury anymore. He is trying to get around our Consitiution we must stand up and say No more walking on it. Its not for sale....

    There are people who dont want you to know there are people fighting for this cause...

    check my history for more videos

    rallycongress(.)com/

    constitutional-

    qualification/

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