They're Playing You Again, Sam .
I'm shocked, .... SHOCKED !! ... to find that gambling is going on in here!
Was it all just these s.o.b. , private individuals causing the unregulated mess , or was it actually government interference that started the volcanic eruption , then earthquake , leading to a real estate , and economic tsunami ? Barney Frank and the Gang on the Hill are shocked ! SHOCKED, I tell you , that AIG has given its Execs bonuses ! Better get the Peasants stirred up , and over to Connecticut , quick !
I'm shocked, .... SHOCKED !! ... to find that gambling is going on in here!Was it all just these s.o.b. , private individuals causing the unregulated mess , or was it actually government interference that started the volcanic eruption , then earthquake , leading to a real estate , and economic tsunami ? Barney Frank and the Gang on the Hill are shocked ! SHOCKED, I tell you , that AIG has given its Execs bonuses ! Better get the Peasants stirred up , and over to Connecticut , quick !
The causes of the real boondoggle are really far different than the media wish to tell . But surely news coverage of upset peasantry on the fine streets of the neighborhoods of AIG Execs can serve as all the News that Fits ! And now , Capitol Hill SHOCK ! ... over what they knew all along . But try this for eye openers on the real source of the economic tsunami NY Times Article Sept. 30, 1999 .
In the last two years of the Bush Administration with a Democrat Majority in the United States Congress , they attempted to out a scheme perpetrated by Democrat Congressman Barney Frank , known for (amongst other things) having run a gay prostitution ring out of his home , headed by Barney's former lover . But for the past 2 years , Barney's pals in the Dems obstructed exposure of the scheme . This scheme was perpetrated by Frank , Dem . Sen Chris Dodd , and their pal at Fannie Mae and Freddie Mac (lenders) named Franklin Raines , who has made off ( Not Madoff) with $90 Million he scammed on this scheme . Jamie Gorelick , Clinton lawyer , made $25 million in the scheme .
The Dems in power resisted exposure of the scheme , which was a continuation of 2 previous Democrat Presidents : Jimmy Carter and Clinton . It was an Affirmative Action in Lending , and was enshrined into Legislation under Jimmy Carter , expanded under the Clinton Administration , and called the Community Reinvestment Act . This was a money-making scheme put into full play by Franklin Raines , Barney Frank , Sen . Chris Dodd , and others , almost entirely members of the Democrat Party , which is now in ideology very much like a European Democrat Socialist Party , with corrupt Union/Gang style underpinnings , now run by gay Prostitution Pimps .
A couple of weeks ago, speaking about the future of failed government-backed mortgage giants Fannie Mae and Freddie Mac, Barney Frank was quoted by the New York Times as saying:
"There is a commitment to restructure these companies, and we are going to want to retain a hand in the things that matter, like affordable housing and making sure that the housing economy doesn’t become a threat to the entire economy again." Frank still can’t figure out that it was his policies and the policies of other Democrats to make loans to low income people and those with poor credit which resulted in the massive failures of Fannie and Freddie in the first place. It was Frank and his allies who blocked Republican efforts to regulate the two to prevent a catastrophic failure from occurring. And now Frank wants to do the same thing all over again .
Frank is currently drafting legislation to control what is done with the remaining $350 billion of the $700 TARP bailout package passed with large Democrat support late last year.In a nutshell, instead of kicking deadbeats out of their homes as should be done, Barack Obama is going to give them free money or pay their mortgage payments for them. Basically, people will get free houses in order to hide the mistake they and the politicians made . During the Clinton Administration , Attorney General Janet Reno was busy threatening mortgage Lenders if they did not make the bad loans forced upon us all by Legislation that began with Carter , and was expanded under Clinton . What really nauseates is that Barney Frank, who belongs in an orange jumpsuit and in leg chains, and who is championing homeowner bailouts, is largely responsible for creating the mortage crisis in originally . Democrat Barney Frank was instrumental in causing the subprime mortgage crisis .
President Bush had been warning for years that Fannie Mae and Freddie Mac were growing out of control, taking on too much risk, and posed a huge systemic risk to the economy of the United States. None of the major news organizations has reported this. Instead, as you will see below, they are trying to pin the blame on him for the mortgage crisis.White House Press Release Setting The Facts Straight
In April 2001, Bush said Fannie Mae was “a potential problem,” because “financial trouble of a large GSE could cause strong repercussions in financial markets, affecting federally insured entities and economic activity.” It turns out Bush was right. He was also right about the need for expanded , domestic oil drilling back in 2001 . He was right about the Surge. He was right about a lot of things and not given an ounce of credit for it. Not only was he not given any credit, but he has been bashed repeatedly and blamed for things that he had nothing to do with, such as the aftermath of Hurricane Katrina, which was the fault of the Democrat mayor of New Orleans and the Democrat governor of Louisiana who failed to order mandatory evacuations in a timely manner despite pleas from Bush.
Fannie Mae and Freddie Mac were regulated by Congress. Because of this, there is little to nothing that Bush could have done without action from Congress to prevent the massive failures that occurred in 2008. Democrats do not seem to realize that the power of the President is limited. It is Congress that writes laws and spends money, the President can only approve or veto legislation.Back in 1999, people were sounding warning bells about Fannie and Freddie. The Clinton administration was pressuring Fannie Mae to expand their operations to purchase more loans from originators that were made to people with poor credit ratings and low incomes. Again , here it is . NY Times Article Sept. 30, 1999 . This affects not only every American for generations to come , resulting from "bailouts" , but also the rest of the world , as bad loans were re-packaged as fancy , international instruments , and sold throughout the world . You have Barney Frank , Franklin Raines, Chris Dodd , Maxine Waters , Clinton Lawyer Jamie Gorelick , and countless other Democrat hacks to thank for this rackett .
The Obammunists are presently losing popularity , even in the eyes of some of the gullible who refused to look at Obama's clearly radical past record , instead choosing to believe his teleprompter , who professed to the world his "hope" and his "change" . These are about to get The Memo on what all this will mean to them , in various ways , such as 1) a highly taxed " cap and trade" US policy , which will mean higher prices and expenses for everyone , but sound so noble . 2) They will be receiving higher taxes on inheritances they leave and receive ; 3) possible taxes on their previously tax-free health benefits , 4) a lower value of the dollar , and higher taxes on fuel, to name but a few negative consequences . Unfortunately , the rest of the country and the world is affected , and will also have to suffer economically for the Frank Follies . As long as the paid crowd with pitchforks in Fairfield, Connecticut keep up their little drama , perhaps we can all be distracted by the feigned shock of the On the Hill Gang . On the other hand, one of Dodd's fine houses are located in that same fine state . Think about it .
In the last two years of the Bush Administration with a Democrat Majority in the United States Congress , they attempted to out a scheme perpetrated by Democrat Congressman Barney Frank , known for (amongst other things) having run a gay prostitution ring out of his home , headed by Barney's former lover . But for the past 2 years , Barney's pals in the Dems obstructed exposure of the scheme . This scheme was perpetrated by Frank , Dem . Sen Chris Dodd , and their pal at Fannie Mae and Freddie Mac (lenders) named Franklin Raines , who has made off ( Not Madoff) with $90 Million he scammed on this scheme . Jamie Gorelick , Clinton lawyer , made $25 million in the scheme .
The Dems in power resisted exposure of the scheme , which was a continuation of 2 previous Democrat Presidents : Jimmy Carter and Clinton . It was an Affirmative Action in Lending , and was enshrined into Legislation under Jimmy Carter , expanded under the Clinton Administration , and called the Community Reinvestment Act . This was a money-making scheme put into full play by Franklin Raines , Barney Frank , Sen . Chris Dodd , and others , almost entirely members of the Democrat Party , which is now in ideology very much like a European Democrat Socialist Party , with corrupt Union/Gang style underpinnings , now run by gay Prostitution Pimps .
A couple of weeks ago, speaking about the future of failed government-backed mortgage giants Fannie Mae and Freddie Mac, Barney Frank was quoted by the New York Times as saying:
"There is a commitment to restructure these companies, and we are going to want to retain a hand in the things that matter, like affordable housing and making sure that the housing economy doesn’t become a threat to the entire economy again." Frank still can’t figure out that it was his policies and the policies of other Democrats to make loans to low income people and those with poor credit which resulted in the massive failures of Fannie and Freddie in the first place. It was Frank and his allies who blocked Republican efforts to regulate the two to prevent a catastrophic failure from occurring. And now Frank wants to do the same thing all over again .
Frank is currently drafting legislation to control what is done with the remaining $350 billion of the $700 TARP bailout package passed with large Democrat support late last year.In a nutshell, instead of kicking deadbeats out of their homes as should be done, Barack Obama is going to give them free money or pay their mortgage payments for them. Basically, people will get free houses in order to hide the mistake they and the politicians made . During the Clinton Administration , Attorney General Janet Reno was busy threatening mortgage Lenders if they did not make the bad loans forced upon us all by Legislation that began with Carter , and was expanded under Clinton . What really nauseates is that Barney Frank, who belongs in an orange jumpsuit and in leg chains, and who is championing homeowner bailouts, is largely responsible for creating the mortage crisis in originally . Democrat Barney Frank was instrumental in causing the subprime mortgage crisis .
President Bush had been warning for years that Fannie Mae and Freddie Mac were growing out of control, taking on too much risk, and posed a huge systemic risk to the economy of the United States. None of the major news organizations has reported this. Instead, as you will see below, they are trying to pin the blame on him for the mortgage crisis.White House Press Release Setting The Facts Straight
In April 2001, Bush said Fannie Mae was “a potential problem,” because “financial trouble of a large GSE could cause strong repercussions in financial markets, affecting federally insured entities and economic activity.” It turns out Bush was right. He was also right about the need for expanded , domestic oil drilling back in 2001 . He was right about the Surge. He was right about a lot of things and not given an ounce of credit for it. Not only was he not given any credit, but he has been bashed repeatedly and blamed for things that he had nothing to do with, such as the aftermath of Hurricane Katrina, which was the fault of the Democrat mayor of New Orleans and the Democrat governor of Louisiana who failed to order mandatory evacuations in a timely manner despite pleas from Bush.
Fannie Mae and Freddie Mac were regulated by Congress. Because of this, there is little to nothing that Bush could have done without action from Congress to prevent the massive failures that occurred in 2008. Democrats do not seem to realize that the power of the President is limited. It is Congress that writes laws and spends money, the President can only approve or veto legislation.Back in 1999, people were sounding warning bells about Fannie and Freddie. The Clinton administration was pressuring Fannie Mae to expand their operations to purchase more loans from originators that were made to people with poor credit ratings and low incomes. Again , here it is . NY Times Article Sept. 30, 1999 . This affects not only every American for generations to come , resulting from "bailouts" , but also the rest of the world , as bad loans were re-packaged as fancy , international instruments , and sold throughout the world . You have Barney Frank , Franklin Raines, Chris Dodd , Maxine Waters , Clinton Lawyer Jamie Gorelick , and countless other Democrat hacks to thank for this rackett .
The Obammunists are presently losing popularity , even in the eyes of some of the gullible who refused to look at Obama's clearly radical past record , instead choosing to believe his teleprompter , who professed to the world his "hope" and his "change" . These are about to get The Memo on what all this will mean to them , in various ways , such as 1) a highly taxed " cap and trade" US policy , which will mean higher prices and expenses for everyone , but sound so noble . 2) They will be receiving higher taxes on inheritances they leave and receive ; 3) possible taxes on their previously tax-free health benefits , 4) a lower value of the dollar , and higher taxes on fuel, to name but a few negative consequences . Unfortunately , the rest of the country and the world is affected , and will also have to suffer economically for the Frank Follies . As long as the paid crowd with pitchforks in Fairfield, Connecticut keep up their little drama , perhaps we can all be distracted by the feigned shock of the On the Hill Gang . On the other hand, one of Dodd's fine houses are located in that same fine state . Think about it .
The Fools on the Hill are playing a nice Captain Renault . You falling for it , Sam ?
There is no Bobo Rating this week, as none so low exists to rate this farce .
Teddy , you da man ! So true !
ReplyDeleteIf only Obama will keep going on those comedy shows , I am sure that all will be well . Right ???
ReplyDelete