Shocking Video Unearthed — Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis.
Also see: Video: Obama’s Strange Bedfellows
Posted in TMQ2, tagged ACORN, Association of Community Organizations for Reform Now, Barack Obama, Community Organizer, Community Reinvestment Act, CRA, fannie mae, freddie mac, Shlomo Muslim PhD, Stanley Kurtz, TMQ2 on September 29, 2008 | 3 Comments »
ACORN actually stands for the Association of Community Organizers for Reform Now.
That’s the community organizing association Barack Obama worked hardest with and for. The goal was to force banks to make insane loans to people who had next to no chance of ever being able to pay the banks back.
To force the banks to make such stupid investments, Obama and ACORN got Congress to pass amendments and regulatory rulings that changed the Community Reinvestment Act (CRA), thereby forcing Freddie Mac and Fannie Mae to buy the terrible loans the banks were forced to make. All thanks to Barack Obama.
In an attempt to fix the financial mess Obama’s “community organizing” caused we now will pay a minimum of $10,000 per American household, totalling $700 billion dollars.
The Meltdown’s ACORN [=Obama the Needle Dick]
As Congress slogged toward an apparent financial-market rescue bill over the weekend, the time arrived for a closer look at the roots of the crisis.
Who were the culprits?
Many and varied.
But as Election Day grows ever nearer, the role of one candidate in particular stands out: that of Barack Obama.
Posted in Obama, Shlomo Muslim PhD, tagged ACORN, Association of Community Organizations for Reform Now, banks, Community Organizer, Community Reinvestment Act, CRA, fannie mae, Finance, freddie mac, loans, Obama, Shlomo Muslim PhD, Stanley Kurtz, TMQ2 on September 29, 2008 | 1 Comment »
Obama’s Know-It-All Financial Chops Are Fucked-Up
Now that it’s clear Obama was dead wrong about Iraq, he seems willing to readily admit he’s an idiot when it comes to foreign policy, or at least a major-league lightweight. His strategy has been to paint himself as an expert on the home front. He knows, or thought he knew, his record to date, being so lightweight, would keep him out of trouble. If you do nothing, they can’t ruin you because of what you’ve done.
Turns out, Obama the community organizer about whom next-to-nothing is known, was busy pulling down our financial system. That’s what his community organizing was all about. He was forcing banks to give unsafe loans to people who didn’t deserve them (poor people with poor credit-ratings and next to no educations and who had never held a steady job who were anything but a safe risk). These were the people Obama made banks lend to. And Obama wanted Freddie and Fannie to buy the unsafe paper from the banks making the unsafe loans so the banks could make more unsafe loans.
You don’t believe me. Read on…
O’s Dangerous Pals
by Stanley Kurtz
WHAT exactly does a “community organizer” do? Barack Obama’s rise has left many Americans asking themselves that question. Here’s a big part of the answer: Community organizers intimidate banks into making high-risk loans to customers with poor credit. (more…)
ALARMS & DENIAL
By BRET BAIER, Fox News
September 26, 2008 –
EDITOR’S NOTE: The following segment ran yesterday on Fox News’ “Special Report.”
BRIT HUME: Many financial analysts are saying that if mortgage giants Fannie Mae and Freddie Mac had been effectively regulated years ago, the supercharged subprime mortgage meltdown that led to the current financial mess would either never have happened or would have been nowhere near as severe.
Chief White House correspondent Bret Baier rejoins us now to examine the timeline. What were those warning signs? Who raised them?
And who disputed them? (more…)