How the Democrats betrayed America

The failure of two government sponsored entities, Fannie and Freddie, led to a cascade of failures in our financial system. Our 401k's dwindled and foreclosures skyrocketed.

Who really is to blame? Obama says it's the Republicans trying to deregulate everything that's at fault. McCain suggests that Republicans long ago sounded the warning alarm, but were blocked by the democratic filibuster friends from taking action.

This shocking video exposes the undeniable truth. One you will curiously not see on the evening news. Watch the video, as your elected representatives destroy your retirement income live in 320x240 resolution!

If you want to learn more, it's not going to happen via mainstream media. Inform -yourself-. Go to Cspan's website and search their video archives for "GSE". Learn first-hand what the crooks were up to.

Then, ask yourself why such important information has never made it to the evening news. Katie Couric where are you?

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[XLr8r2006]

B.Frank is an absolute moron! How the hell he stays in ANY position of power is amazing,he has no fucking idea wtf he is talking about....did anyone actually understand anything he said? Keep voting for ultra liberal democrats,this is what you get....pathetic!

[MueX]

Yeah, it had nothing to do at all with the democrats gaining control of congress in 2006 and immediately afterwards the economy going into a tailspin. It's all Bush's fault amirite? Lol. Keep drinking that kool-aide.

Maybe you should try actually watching this video before commenting next time.

[bboyinstructor]

Around 2:30 Barney starts to channel the spirit of Elmer Fudd (R.I.P.) and by 3:11 you can tell that it is completely Elmer Fudd talking... Wascally Wabbits.

[daveme7]

@emetds Actually-I disagree. Here is why. It was Phil Graham who sponsored the legislation under Clinton. There is always a lot of blame to go around and tax cuts for the wealthy in the midst of twqo wars was a really bad decision-it would take a Bush as a bumbling rumbling idiot to do that. On 911, they had a Bush in the whitehouse and honestly think those in the shadows would see this as a good thing.

[daveme7]

@daveusaz1218 Not wanting to assume anything on anyone's knowlewdge. The one thing in that is sometimes, finance banks will use ratios and quite often using the stock price to determine a finance rate. When every company saw theur stock prices gop down and started shrinking their dividneds-especially for preferred stock-honestly-I see this with the destruction of the Glass Stiegal act going away under Pres Clinton and sponsred by Phil Graham(pulling a train-the bipartisan orgy)

[mkdelux]

barney frank the fag lol

[daveusaz1218]

@mredstriumph Now you are just rambling on and on, sending me long messages to my mail box that ramble even more, I still think your a cave residing corporate schill using a picture of B. Franklin to try and seem American.

[mredstriumph]

@daveusaz1218

And WHY are Cloward & Piven present w Clinton during this signing?

tinyurl - DOT - com/3mm4u5f

Here is Piven, Soros, et Al. Explaining their intentions..

/watch?v=mBiJ6CwFUyo

If u do a quick search on Soros &/or his "Quantum Fund", you'll see that overturning economies & political activism is his forte. I can't say 100% this is happening, & u may even agree with their goals, even so,can u deny this is what such an attempted revolution looks like / & concern isn't warranted?

[mredstriumph]

@daveusaz1218

Even your grocery store runs on credit. IF faith in credit is destroyed, the grocer cant even stock his shelves, nor can a farmer buy seed, nor gas stations buy gas. That is quite literally what was teetering on collapse when TARP was passed.

Look up 'Cloward Piven Strategy' Here's a link to an original source:

tinyurl - DOT - com/3bcjs3p

Ask yourself WHY both Cloward & Piven were in this pic (published in Washgtn Times) when CRA reform was signed: tinyurl - DOT - com/3ckvrrd

[mredstriumph]

@daveusaz1218

When ppl no longer know what their house (+ AAA rated investments that were based on them) are worth, the banks cant lend, since no1 knows how much collateral they have. Economists say ~50% of ALL US employees work4 a small business. If I, as an avg person want 2start a small business - & employ ppl - what do I use for collateral 4 loan2start it? My home

Housg is what caused the unemployment, & undermined our collateral (&now DOLLAR) & is issue needing addressed - NOT 'stimulus'

[mredstriumph]

@daveusaz1218

What happned to our economy, & why it almost collapsed, was the DESTRUCTION of COLLATERAL.

In USA 'Collateral" means housing - or the proposition that the houses necessary for ppl to live in - in the strongest & largest economy in the world - would continue to have value. That's the 'risky gamble' the banks made. How crazy to think that, right? Particularly w the backing of housing through the Federal govt.. how fly by night right? Its collapse was UNTHINKABLE, yet it happened

[mredstriumph]

@daveusaz1218

Dave, the reason ppl aren't working is the collapse of HOUSING. Ppl in construction, mortgage industry, manufacturing (does USA still manufacture domestically? Yes! - lumber, drywall, paint, pavement, & most other construction materials), ppl who make 'durable good' - washing machines, dish washers, furniture, ppl who do landscaping, clean pools, & everyone in all the related industries is who lost their jobs.

The REASON they lost their jobs is the Housing Crisis. That's Y I care