$700 BILLION bailout **WAKE UP AMERICA*** John McCain WARNED of banking crisis in 2005 - ACTUAL VIDEO of Dems fighting regulation and oversight proposed by Bush Administration and Republicans as early as 2001

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Uploaded by on Oct 5, 2008

Democrats cause financial crisis on Wall Street. John McCain warned against the practices of Fannie Mae and Freddie Mac in 2005, and tried to get a bill passed, but the Democrats blocked it.

The Democrats hands are filthy dirty when it comes to the Fannie Mae/Freddie Mac banking crisis.

The video shows how the Democrats continued to block regulation and oversight of these banks.

ACTUAL video of the DEMS in their own words fighting Republican efforts to get regulation and oversight of these GSE's before a financial collapse... the Dems actually caused our current financial crisis... and Republicans tried to prevent it.

Yet the Dems come out on the liberal media and spew their propaganda, saying that this mess is all because the Republicans did not want regulation. That is an outright LIE and the exact opposite of the truth about this economic collapse.

WAKE UP LIBERALS... if you want change... CHANGE your vote!

This mess goes all the way back to Democrats in the 1970's. Jimmy Carter and the Dems passed the "Community Reinvestment Act" which caused the subprime mortgage problem in the housing market... then in 1995 President Clinton and the Dems added massive provisions to it, FORCING housing market to give $1 TRILLION in sub-prime loans... and from 2001-present, DEMS fought Republican attempts to regulate the GSE's and prevent the economic collapse.

WAKE UP... PLEASE... the Democrat policies have caused the banking crisis and may cause the collapse of our nation. JOHN McCAIN TRIED TO PREVENT IT. Please google these ACTS and see that this is the truth.

Please vote McCain and don't be deceived by the leftist propaganda. Please don't let the poor judgment of the DEMS destroy us all. Jimmy Carter caused one of the greatest recessions in America... I lived through it... and Barack Obama's policies are EXACTLY from Carter's Dem playbook. Please look it up and educate yourself before its too late.

This is why Bill O'Reilly flipped out on Barney Frank.

Chris Dodd Barney Frank Barack Obama Charles Schumer John McCain Fannie Mae Freddie Mac ACORN housing bad loans lending banks Lehman Brothers economy foreclosures Wall Street stocks 401k hot government failures pooling Enron corporate greed last days prophecy vote election extortion criminal crime senator liberal Democrat Fox news special report what caused this economic crisis saving our economy what's next Democrats at fault for economic collapse economy 2008 election

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  • Acorn targeted because they exposed –‘fraudulent predatory lender in 2002 …’- of [Household International and its subsidiaries, Household Finance Corporation and Beneficial Corporation – now HSBC Group] ... one of the largest subprime lenders in the country, and ACORN announced on November 25, 2003 a proposed settlement of a 2002 national class-action lawsuit brought by ACORN. The settlement ... $72 million ....

    cont

  • May 2002 Bush –‘promoted home ownership’- "even for people: “with bad credit’" AND … "Just as nice a home as anybody else …."

    -

    Lenders promoted them as "buy a house for what you are paying for rent "

    - He convinced congress to fund down payments and closing costs at the taxpayer's expense ! American Dream Down payment Assistance Act 2003-2008

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  • ...

    Bush “Ownership Society Program”...

    Youtube com/watch?v=kNqQx7sjoS8

  • Pandering for minority votes for 2004, further distraction from 9/11 negligence; not getting bin Laden … funneling money to Wall St [donors] – Banksters.

    PROMOTED AS … "buy a house for what you are spending on rent !"

  • As G.W. Bush convinced his rubber-stamp Congress to use taxpayer money to –‘give’- down-payment and closing costs to buyers. “American Dream Down payment Assistance Act" – [-700 B$] [2003-2008]

    Bush, even continued encouraging loans “.. if you have bad credit”

    … “Everybody should be able to buy a good house …” –

    Youtube /watch?v=kNqQx7sjoS8

    Cont

  • Household International ... The settlement came on the heels of an earlier $484 million settlement between Household, Attorneys General, and bank regulators -'from all 50 US states'-. Washington State Office of the Attorney General. 2003-12-05.

    consumeraffairs com/news02/household_settle.ht­ml

    cont

  • McCain knew about a banking crisis because people like him were buying 7 houses and he was getting it for nothing.

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