7
79vette
Guest
...direct fault of the Democrates? In 2003, Bush proposed legislation to tighten lending practices on Freddie Mac. In 2005, John McCain with Elizabeth Dole, Eddie Hasker propsosed the 2005 regulation enforcemnet of freddie Mac and Fanne Mae. Mr. Raines and Mr. Johnston of Freddie and Fannie spend 100 million in lobbyist to stop this legislation. At that time theire were already 10 billion of invorrectly priced failing loans on teh books. Mr. Johnsson has made over 90 million dollars in 7 years running this organizations that may have cooked the books to reflect higher asset vaules than really existed. Mr. Raines made over 25 million! The dems pushed and got loose standards of lending that that has led to this mess. And now they want to blame Bush for their own failings. Messrs. Chris Dodd and Barney Frank have mush responsibility and received monies from both these orgnnizations as did Obama who received the MOST even though he was only a senator for three years. Yet Messrs. Raines and Johnson are NOT being called for sworn testimony as to what happend under their watch??? Could it be the Dems do not want this brought out, of course. Criminal actviity took place and nothing is bening done because the Dems control the House adn senate. Yet Obama choses to have Johson as an advisor!!!!. The Dems did not want to hear about Freddie Mae and Fannie Mac, they did not want to hear anything about changing Social Security to take an unfunded 3 thrillion dollars off the table by privitazing it over time. They did not want here about drilling off our own coast while China is their drilling. They fought welfare reform in teh early 90's that Clinton finally signed and took credit for. (it was part of the contract with America0) They fought the line item veto which would have benn the single best instrument to control the budget (Bob Byrd took the legislation to the Supreme Court and won). I am 55 years old and can honestly say that any time innovative legislation originated it was usually from the Republicans. You don't have to agree with any of this, but boy, if you want to ignore the facts that resulted in this financial institution crisis, you are just lying to yourself to somehow satisfy your Obama fascination.