The financial meltdown is directly traceable to Democrats starting with Carter and continuing through the Clinton years and lately engineered and enhanced through the efforts in Congress of Chris Dodd and Barney Frank with their accomplices at Fannie Mae, Franklin Raines and Jim Johnson. 5 million illegal immigrants received mortgages without having to show valid SS#, proof of identity or financial means. The Democrats resisted every effort to clean up the sub-prime mortgage mess. John McCain and others warned of the danger posed by the blatant social engineering policies at Fannie Mae where the books were cooked to show success and progress when there was, in fact, little or none. The false showing of progress allowed Raines, CEO from 1999 to 2004, to walk away with $100 million in bonus before FM’s collapse. Incidentally a report out today notes Raines just bought a $5 million penthouse with his loot.
The reason the recent debate was so boring was because of the question filter named Tom Brokaw. That’s why there was not a question about Obama’s vote for infanticide, about Supreme Court justices, or about Sen. Obama’s radical associates.
Sen McCain is on fire today in Waukesha WI; he finally names names of those responsible for the financial debacle. A realtor in the audience asked, “will you assure us as President you will investigate, prosecute and name the names of the people actually responsible for the sub-prime meltdown….? McCain responds: “I will and it is already a matter of record that …..Obama said these sub prime loans were not a problem for him….He goes on to identify by name (Audio MP3) Chris Dodd, Barack Obama and Barney Frank! Barney Frank said in ‘03, “I must say…..I don’t see any financial crisis…you could always make things better….but I do think we should dispel the notion that something rotten is going on….”
All the talk of a probable Democrat landslide is B.S. Obama has been unable to close the deal and the Dems are scared silly. They expected Obie to be way ahead at this point and the race remains close with three plus weeks to election day. Democrat advisor James Carville typified this fear with his comment yesterday that “if Obama is ahead by five points on election day and still loses…..it will be very traumatic! Whoa, is he predicting riots? With McCain on fire and Palin her usual smart and engaging self the outlook is for the race to narrow in the coming days.
Tags: barney frank, Chris Dodd, dems cause financial crisis, fannie mae, fannie mae corruption, financial crisis, john mccain, mccain on fire, mortgage crisis, obama, subprime motgage meltdown, waukesha wi