Obama’s numbers in the polls shot back up when the mortgage mess fueled by Fannie Mae and Freddie Mac destroyed our banking system and wrecked the stock market. With 3-4 trillion dollars down the tubes, we need to look at who lit the fire and played the fiddle while Rome burned …
Before we decide to punish someone for this mess, let us not forget who helped drive the two largest mortgage companies in the country over the cliff. That is correct, our friend the Democrats also are greedy, not for money but political power. Chris Dodd, Barney Frank and their pal, the anointed one a.k.a. Barak H. Obama used Freddie Mac and Fannie Mae as vehicles for social engineering. The rest of us are now paying a steep price for this experiment with our wealth.
The Democrats accused the whistle blowers of racism. The color of money is green. Numbers do not have a continent of origin. The left has used the cry of racism to silence those who oppose their aims. A great example of this is shown below …
That is correct, the video above shows, the problem is not Fannie Mae and the illegal accounting practices of Raines, its those evil Republicans who are out to politically lynch Raines. The Republicans called the Democrats on this three years ago. Where was ABC, NBC and CBS then? Where was the NYT then? Even the moron in the White house could see there was a problem, while Raines said that home mortgages are ZERO risk entities. That is one of those statements that just boggles the mind.
We talk about greed. Greed for money is only one kind. Greed for political power is another kind. Fannie Mae and Freddie Mac were converted into financial time bombs that have crippled our economy. We should never allow this to happen again.