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decidererer (December 31, 1969 at 4:59 pm)
"Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis." - that's funny. The Demoblican and Republicrat Wall Street-Pentagoon Party are all beholden to the same richyriches. What fool honestly tries to make a distinction between the "two" (LOL!) part"ies"....
barkleylee (December 31, 1969 at 4:59 pm)
All you liberal democrat fools are falling all over yourselves to continue the support of the incompetent corrupt black democrat morons who got us into this mess. You say this video is nothing but an editing trick. Well, listen to your hero, Bill Clinton. At the end of this video, Clinton says that the responsibility of the demorats lies in the fact that they repeatedly denied attempts of republicans to regulate Fannie and Freddie. I know you liberal dems aren't calling Clinton a liar are you?
johnnyharpe (December 31, 1969 at 4:59 pm)
Talk about "magic" editting, lol, you're very careful to choose the years you like in order to make your case. It's clear the housing crisis was instigated by the likes of Democrats Barney Frank, Maxine Waters, Chris Dodd, ACORN, Barack Obama, etc. They demanded phony loans be made to "minorities" without regard to their abiity to repay those loans.
johnnyharpe (December 31, 1969 at 4:59 pm)
What a liar you are! ACORN and Obama have done all they can to get phony loans for "minorities". The Democrats, en masse, threatened lawsuits if banks didn't make phony loans to "distressed" neighborhoods and minorities.
oxomaticman (December 31, 1969 at 4:59 pm)
I agree. Let''s produce a similar tape and ban any tape that may incriminate anyone from the democratic party. (People might start thinking democrats also make mistakes.)
cbman739 (December 31, 1969 at 4:59 pm)
This hearing was in 2004.
Fannie Mae was in good shape under Franklin Raines. Their percentage of subprime loans was less than 5%.
After Franklin Raines left in 2004 the percentage of subprime loans rose to 25%, Stock prices increased under Raines leadership, but plummeted during the years after he left.
ACORN denounced subprime loans back in 2001. Congress should have listened.
Senator Obama submitted legislation to increase regulation in 2007. Congress should have listenend.
cbman739 (December 31, 1969 at 4:59 pm)
Oh the magic of editing. A similar tape could be made showing Republicans supporting deregulation. Banking deregulation cost hundreds of billions during the Reagan years. Republican Senator Phil Graham pushed for and got deregulation during in 1999. Republicans controlled Congress from 1994 to 2006, and the Presidency from 2000 to 2008, and could have easily increased regulation, but chose not to.
flurmflam (December 31, 1969 at 4:59 pm)
We have a fifth column in Congress and in the streets. We're doomed.
xxbobdeexx (December 31, 1969 at 4:59 pm)
This is the Cloward/Piven Strategy in play.
Google the term,,,check for yourself.
seannn111 (December 31, 1969 at 4:59 pm)
Hopefully people will start to realize who the real culprits are...I am ashamed that Barney Frank represents my state! |
