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It also needs to be said how many people in positions of power at these financial institutions were former Democrat staffers.
Cross please?
I made similar comments on my own blogpost here:
Blame Socialist DemocRATS for Financial Meltdown
I think the root of the issue is far deeper. Speaking of "GSE's", I said:
Ever wonder how a "corporation" created by Congress, backed by the taxpayer, can be "PRIVATELY held" ??? Think about that oxymoron and consider the obvious answer: CORRUPTION, both in the government and the private sector. What these criminals do is create a government/private partnership, fund it with BILLIONS of dollars in taxpayer monies, deliberately BANKRUPT IT, and then TAKE IT OVER. That isn't "creeping socialism", its MILITANT SOCIALISM and CRIME...
It really boils down to sedition.
This seems to condense it quite well ...
The untold story in this whole national crisis is that President Clinton put on steroids the Community Redevelopment Act, a well-intended Carter-era law designed to encourage minority homeownership. And in so doing, he helped create the market for the risky subprime loans that he and Democrats now decry as not only greedy but "predatory."
Yes, the market was fueled by greed and overleveraging in the secondary market for subprimes, vis-a-vis mortgaged-backed securities traded on Wall Street. But the seed was planted in the '90s by Clinton and his social engineers. They were the political catalyst behind this slow-motion financial train wreck.
And it was the Clinton administration that mismanaged the quasi-governmental agencies that over the decades have come to manage the real estate market in America.
Story short, Clinton et al super-charged the role of Fannie and her brother Freddie Mac, appointed a bunch of cronies to sack them, others joined in the fun, and we are left with a big mess that will cost billions.
Well to paraphare benito Obama .. You can put Lipstic on an Idiot But in the End a Lying idiot is still an Idiot.. What else can Pelosi ever be known as BUT the Biggest Idiot to Lead the House of ill Reputed Progressive Morons???
And BTE Democrats Cronies apponted by the Clintons barney Frank.. Rangel et Al Stoele Millions in Unearned Bonuses by Cooking the Books.. So why are they Not In Jail??
IE Jamie Gorelick ( of Clinton and RTeno ill Repute) Stole $ 25 Mill . J Johnson also a Bubba appointee stole 4 100 Mill and GUESS WHAT .. They rea both on Benito Obam Economic Advisory Committee .. Johnso was aloso Chief adivisor for VP Choice.. BIDEN .. what elase can we say about this Chief Moron ability?? STILL Pelosi LEADS In Incompetent Lying ..
Nancy Pelosi's response is interesting in light of the fact that polls are giving congress grades lower than the president !
The dems energy policy neglects nuclear powerplants.Have seen a wind turbine farm not working because of the absence of wind ! We best carefully plan our future energy needs now or we will end up like California some years ago with rolling brown outs !We may need more electricity for those plug in hybrid cars of the future !
Nancy sees no Accountability needed on her part.. she claims W for evrything eventhough the Fcats point out that Finacial deregulations ware done in1998 by Bubba.. Promoted By Barney and Chris the DUD ..But then she is Mentally Chalalnged after all.. she needs anotrher Vacation.. or is it CURE?
because of the catastrophic economic destruction the fannie mae and freddie mac former executives caused the usa and the world, should this not be considered an act of terrorism. the fact that they were not jailed for the fraud and theft of millions, for whatever reason, the outcome of what they did should fall under the patriot act, as an act of terrorism against the usa and the world.they should be indicted, and all assets and holdings, domestic and abroad should be siezed, and returned to its rightful owners the american people.obama will be left without funding and campaign advisors, but they weren't doing such a hot job anyway.
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