As Glenn Beck says, this makes blood shoot out of my eyes! Democrats got us into this mess, Democrats are playing games to keep us in this mess and there is plenty of proof. Since the media does not see fit to report anything about this, it is up to us to make sure as many people as possible see this.
(H/T: Naked Emperor News)
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New York Times 2003:”Dems Oppose Bush Plan To Rein in Fannie and Freddie” The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.
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Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.Obamas current mortgage and housing advisor, Franklin Raines, was at the helm at the time of Fannie Mae at the time. Keep in mind, this is the guy that ran the thing right into the ground in the succeeding years.
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Despite the attempt to curb the waste, fraud, and abuse, some Democrats were not on board. Barney Frank really looks like a genius on this one. And this guy was the ranking member on the Financial Services Committee.Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.
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These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis, said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.Representative Melvin L. Watt, Democrat of North Carolina, agreed.
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I dont see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing, Mr. Watt said.
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Yeah we need more stuff taken over and managed by the Federal Government. Those guys are really good at finance and mortages. Maybe when Obama wins he can make Franklin Raines the Treasury Secretary. That would sure be a change. Lets bring crime, corruption, and mismanagement to the Cabinet level.
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Prepare for 4 years of corruption, abuse, mismanaged social welfare that further deteriorates our economic foundation, and extreme partisan leadership that disregards and disrespects the traditional values this Nation was founded upon if this charlatan is elevated President….Everyone who cares about the welfare of this country had better heed this call..McCain/Palin may not be the perfect choice, but at least they aren’t the Antichrist and his two-faced sidekick..
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Don’t let this get buried by the liberal yellow trash media machine!!Fight propaganda with the truth!!!
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So what got us here? Well, you can say “white guilt” got us here, political correctness got us here, or a combination of all those things. Democrats’ desire to socialize the country got us here. Efforts to stop it failing — and we’re on the verge of even more of it, ladies and gentlemen. Stanley Kurtz has been researching Obama, and he has a great piece today. Let me just give you a couple excerpts. “What exactly does a ‘community organizer’ do?” and one thing a community organizer does,
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if he’s Barack Obama, is pressure banks to make bad loans. Obama’s fingerprints are over this, too, because his group ACORN is all involved. The Community Reinvestment Act “was meant to encourage banks to make loans to high-risk borrowers, often minorities living in unstable neighborhoods. That has provided an opening to radical groups like ACORN (the Association of Community Organizations for Reform Now),and a group that is constantly engaged in illegal voter registration, among other things.
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Gospel: “Prepare for 4 years of corruption, abuse, mismanaged social welfare that further deteriorates our economic foundation”Hate and lies are the DemocRAT stock and trade…They will attempt to sabotage and undermine any possible positive thing offered…Let’s just hope the McCain/Palin team will fight back unlike Bush/Cheney style nice-guy politics.Prepare yourself for more black power lies of racism as the reason for Osama’s loss, and screams of another stolen election…fat lies.
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“That has provided an opening to radical groups like ACORN … to abuse the law by forcing banks to make hundreds of millions of dollars in ’subprime’ loans to often uncreditworthy poor and minority customers. Any bank that wants to expand or merge with another has to show it has complied with [these community redevelopment things] — and approval can be held up by complaints filed by groups like ACORN. In fact, intimidation tactics, public charges of racism and threats to use CRA to block
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business expansion have enabled ACORN to extract hundreds of millions of dollars in loans and contributions from America’s financial institutions.” Think of ACORN as a thousand Jesse Jacksons, in terms of shaking down companies and institutions.
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Gospel: “Barney Frank really looks like a genius on this one.”Did you see MSNBC and CNN last week running defense for Barney Frank…He was rolled out on the major networks as the authority on what went wrong with the mortgage crisis!!!…It was disgusting and maliciously deceptive…Typical democRAT strategy.
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this has been going on for quite some time, Barney Frank has been the one person who has been most responsible for getting us in this mess, and he is not done, he would like to keep the sme power and recreate the same problems with a reformulated concepts, and the News and democratic talking points, which blame everything on McCain and Bush who tried to stop it. It is very surrealistic
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“excerpt” is right — more like cherry picking.This video is so hacked up it doesn’t deserve any credibility or any more of my time.
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And it’s working, Kinda scary huh
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The truth hurts, huh pal?
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Go watch all seven hours at CSPAN’s website. I’ve seen for myself all the Democrats on the committee atack the regulator and blame him. All the Republicans want tighter accounting. This is all the Democrats fault, everyone losing houses and soon millions losing jobs all the fault of Democrats. This is proof but only part of it and the of this and other committee meetings that get shown the more dambing it will be for the Democrats.
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They just showed some of this on FOX this morning. I watched the whole thing (unedited) on the c span archives last night (6 plus hours long). Even though this clip is heavily edited, the major points have not been changed.
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“more like cherry picking” — it deserves A LOT more of your time, actually. Go to CSPAN and search on “183818-1″ (the program id) to see the whole thing.
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Thats what happens when the Democrats and that FAG Barny Frank take over !
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And really does it matter if this is all there were on the 7 hour tape. The democrats here have confessed to destroying the housing Ind., the banking Ind., the stock market and the American economy in general
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Wait till Barry Obozo gets in, the Oval Office. We’re screwed; And, … we deserve what we get.
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Neither candidate is an appropriate choice..party doesn’t matter they are on the same team.
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Hey do you have a link for that Stanley Kurtz article? You can’t post links in the comments, but could you mail it to me? Thanks
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There has never been a Democrat program that worked. NOT ONE. Social Security is a Pyramid scheme that is falling apart, Head start doesn’t really work. Nothing they have ever enacted works they get elected by saying hey were going to give you free stuff. NOTHING IS FREE and the people that got loans for houses that they could not afford are going to be the ones hit hardest by the recession. It is all the DEMOCRATS FAULT.
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Let’s see if I have this right…A REPUBLICAN President sets out a REPUBLICAN policy which is enacted by a REPUBLICAN controlled congress. Later when that policy explodes in his face the REPUBLICAN president then comes up with a plan that is then voted down by 60% of the REPUBLICAN house members - and somehow this is the Democrats fault!!!I respect a genuine differing political opinion from someone, but I just plain can’t stand bullshit. This is bullshit.
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Anything to censor the truth and keep the propaganda going unchecked. Racism! Racism! Look the other way! If you don’t keep in line, you will be attacked one way or another. You’re afraid that this democratic disaster will not be hidden by the media. Note the final comment by Clinton. He must be racist!
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In 2004, weren’t both chambers of congress and the white house controlled by republicans?
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Dems could get cought screwing a goat on the front lawn of the white house and blame it on the Conservatives and the press would back them up. Who are you gonna believe the dems or your lying eyes.
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When are you going to get it? They are ALL in on it, none less culpable. Loan Titans Paid McCain Adviser, Rick Davis, Nearly $2 Million. They bought the Democrats, They bought the Republicans, They each blame the other, And you are left holding the bill.This is how lobby “investments” work. If lobbying were not profitable it would not survive.
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60 votes were needed to pass anything in the Senate.Democrats said “NO GO” to reform.
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Democrats have a MOB BOSS approach to running the country.1. Democrats are like kind-hearted mob bosses, who give their children expensive Christmas presents.2. Democrats are like mean mob bosses, who send the bill for their children’s gifts to a neighbor whose child who received no gifts.
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Typical Lib - In denial even with it right in front of their face. They cannot deal in facts….
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Wow, a lot of democrats stating how they “feel” and how “upset” they are. We’re all entitled to our own opinions (and feelings), we’re not entitled to our own facts. Very likely, there are very few people in that room who know how to read financial reports and know what they mean…what they predict. A display of ignorance and poor judgement was recorded and is now being played back for everyone to see.
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Yea, you’re right. The Republicans really control the media. How much Obama Kool-Aid have you had already? YES WE CAN, YES WE CAN, YES WE CAN. Just continue chanting that and everything will be OK.
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Typical nonsensical, idiotic, Liberal Democrats.Look at every major city in this country, governed by Democrats - LOOK AT THEM - it speaks for itself, and yet they will blame someone else.
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I almost wonder if McCain wants to win. He looks pretty passive right now to me. I e-mailed the campaign and said I want my contribution back if he’s going to snooze through the remainder of this election. He needs to WAKE UP. He’s losing (he hasn’t lost yet, there’s still time), but he IS CURRENTLY LOSING. Is he listening?
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Barney Frank was lying when he said all was ok with Fannie??? No way? Barney Frank lying?
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You dont see much of this in the liberal media. It seems they intend to pull out the stops this election and are attempting to almost strongarm Americans into electing Obama. I think we havn’t seen this level of propaganda since Nazi Germany. Whether they succeed or not, I do believe there will be a backlash and quite possibly a movement that will overwhelm the left.
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If the Republicans in that video were for more regulations of Fannie and Freddie and the Democrats against it, why didn’t the Republican controlled Congress and the Republican President just easily pass laws that called for more regulation?
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This video had over 850,000 views when I went to bed last night……now we are down to 794,000?!? Come on….we all know what is going on here.
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You are aware that you have to have 60% vote for something and there were 11 Repubs and 9 dems….not one Dem voted with the Repubs to get to the 60% Were you aware of that?
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When Obama wins and I think he will, The democrats will use the power of the state(Force) to controll dissent. Jefferson’s Grand Experament is over. We are seeing the return of the fascist state.
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This has got to get out it is the biggest scandle in our history it touches the lives of every American. Email it to every one you know and every news org. STOP THE COVER UP
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It’s not that easy. The 2005 attempt of the Senate banking committee (chaired by Republicans) to reform Fanny and Freddie never made it to the floor. All eleven Republicans voted for the bill and all nine Democrats against. If one Democrat had voted for the bill, the 60% Senate threshold would have been reached and a floor vote could have ensued, where it undoubtedly would have failed due to lack of support from Democrats.
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I’m looking for your comments Emmy without much luck, You Tube is like that I guess. I hate this shit.Well at least the bastards are honest. Nothing is ever going to change unless we get the fascist’s in government here.It worries me, I know me and Joanne will never be able to get him to run for office again under these harsh conditions.
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“I join as a co-sponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie & Freddie pose to the housing market, the overall financial system, and the economy as a whole.”John McCain, Senate Floor, 5/25/2006*Meanwhile, Obama was writing his 2nd Memoir
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Bill Clinton 9/24/08: “I think the responsibility that the Democrats have may rest more in resisting any efforts by Republicans in the Congress, or by me when I was President, to put some standards and tighten up a little on Fannie Mae and Freddie Mac.”
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Classic Clinton. His aggressive pressure on commercial banks to lend to unqualified recipients under the Community Redevelopment Act started this mess. There was NO attempt at reform from him..NONE.
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Vote these Democrat idiots OUT OF OFFICE
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Then go to C-Span and watch for yourself. I agree something needs to be done about the crisis. However, I do not agree that throwing a $700 bandaid will fix it. And I think it is even more important to know who got us in this mess and why. To say it doesn’t matter is implying you do not care and that is simply ridiculous. How could you possibly not care that the Democrats were more concerned with protecting FM/FM and their own interests than protecting the interests of the American people.
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Democrats = CROOKSWe should have these same Democrats cornered in a room answering questions on a cover-up. Where is the investigation?
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Everyone who watches this video will probably end up like any witnesses from the Whitewater scandel,mysteriously dead or just missing
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This is great information. The only issue I have is that only at the beginning of this series of videos does it give the date of these videos as LATE 2004. The dates of all these video clips should be HAMMERED into everyone’s head that the Republicans were seriously concerned about this years ago. When was the date that Clinton spoke? Please add dates throughout this piece to hammer this home!
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Why do you believe this is about race? This is about the Democrats screwing Americans for their own benefit. One would like someone could let go of their own prejuduce at least long enough to attempt to comprehend the truth. You want to talk about idiots. It is idiotic to say the hell with what the Democrats do, I don’t care if they put our country in financial ruin, I don’t care if they are truly not representing my interests –I just want to elect a black man president.
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The fact that Obamedia and press aren’t covering this is frightening!It’s much like Germany circa 1938 - The Ministry of Information rules!Dems for McCain/Palin!
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some democrats ignored this but deregulation over the last 8 years caused this.
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Here is a scary John Kerry quote that’s a obvious lie and now that this vid is out the Dem’s begin the lies, Many of us had been warning about these problems…If you go back and look at the records, you’ll see it very clearly, in 2004 as a presidential candidate, I personally talked about how we needed to have a stronger oversight on Fannie and Freddie, about the housing market, about deregulation and the excessive deregulation. –John Kerry
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Dumocrats - You’re Fired!!! I am not surprised. I am extremely pissed however.
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“Jonisdaman some democrats ignored this but deregulation over the last 8 years caused this.”What deregulation? Be specific, point out exactly what change in regulations were changed to cause this?Go ahead! Take a deep drink of the Kool aid and try to answer.
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You dont see much of this in the liberal media. It seems the media is pulling out the stops this election and attempting to almost strongarm Americans into electing Obama. I think we havn’t seen this level of propaganda since Nazi Germany. Whether they succeed or not, I do believe there will be a backlash and quite possibly a movement that will overwhelm the left.
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The most troubling thing is that the people trying to “fix” the problem today are the same ones that caused it. Also, Henry Paulson has a major conflict of interest thanks to his former position at Goldman Sachs.
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Are you kidding? Hmmm when did you used to get a house for 0 down… cash back… debt pay off… people w/ too much debt to income… no income verification… unqualified purchasers getting 500k dollar homes to which they could NEVER afford at a normal interest rate… just at the arm rate. People (stupid people) got houses who didn’t deserve houses… failed. It was always 20% ish down required…. minimal debt… stellar credit…. perfectly verified income with no hiccups anywhere.
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HAHAHA CNN? Why not suggest we send it to the Obama campaign and urge them to bring it to light
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The Democrat Party - The party of PURE EVIL.