Obama’s own campaign convicts him for Fannie Mae collapse

Wow this is this most tainted twisted story I have ever seen! The narrator should lose all credibility and his job (if he has one beyond being a shill for the campaign). The arguments layed out here absolutely set up Senator Obama for an investigation. The campaign contributions by Fannie Mae and Freddie Mac implicateContinue reading “Obama’s own campaign convicts him for Fannie Mae collapse”

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A look back at the root cause of the mess caused by Freddie Mac and Fannie Mae

This should be required viewing by all before they are allowed to vote. Congressional hearings 2004 on Freddie Mac and Fannie Mae bad accounting practices. FoxNews Timeline of events with quotes and video. I know that facts sometimes get in the way of emotion and cause confusion in the minds of the brainwashed. But factsContinue reading “A look back at the root cause of the mess caused by Freddie Mac and Fannie Mae”

700 billion…Do you believe in cooincedence?

The Clinton and Bush plans to increase minority home ownership may have been noble but… Oct 15, 2002: …Fannie Mae responded by committing $700 billion in home financing to 4.6 million minority households through 2009. This increases by 66 percent the specific pledge Fannie Mae made in 2000 to minority families through it’s American DreamContinue reading “700 billion…Do you believe in cooincedence?”

Decent history of the housing crisis and the impact of CRA

Re: Community Reinvestment Act from Wikipedia. Scary words if you are bank president… The CRA mandates that each banking institution be evaluated to determine if it has met the credit needs of its entire community. …regulations for the CRA were strengthened by focusing the financial regulators’ attention on institutions’ performance in helping to meet communityContinue reading “Decent history of the housing crisis and the impact of CRA”

Who is working for us and who is lining their pockets?

Let’s let the congressional record speak for itself.http://www.govtrack.us/congress/record.xpd?id=109-s20060525-16&bill=s109-190Note the “Reform act of 2005”. Comment dated May 25, 2006.The most significant statement… If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economyContinue reading “Who is working for us and who is lining their pockets?”