Wednesday, October 1, 2008

A look back at the root cause of the mess caused by Freddie Mac and Fannie Mae

This should be required viewing by all before they are allowed to vote.

Congressional hearings 2004 on Freddie Mac and Fannie Mae bad accounting practices.

FoxNews Timeline of events with quotes and video.

I know that facts sometimes get in the way of emotion and cause confusion in the minds of the brainwashed. But facts are facts.


Toyman said...

I heard this first on Rush's Monday show (I believe it was Monday)- he spent the first hour playing the audio of this 2004 meeting. Hannity played some audio snippets yesterday and this morning on Fox News, I finally saw some of the video recording of this. Amazing that NO one else is talking about this. The Republicans in Congress should be announcing the Dems complicity in this from capital steps. Instead they allow House dregs, like Barney Franks, to get away with telling the media they were duplicit in this mess!!! What the heck?
If the republicans and McCain do not speak up this week on this we are sure to loose this election. We have an opportunity to win back House and Senate seats as well as the white house.

Ed F. Bias said...

Well, here is another detailed look into the issue and the impact of CRA.


Ed F. Bias said...

Even more proof from the New York Times 1999 of the sytematic social engineering to use tax-payer back entities to redistribute funds. I understand the desire. I understand the "noble" cause. But the fact of the matter is that some people cannot afford a house and the responsibility that comes with it.