Posted by
Admin on Monday, September 29, 2008 12:11:34 AM
Obama is being dishonest with the public. The tax-payer bailout would never have been necessary if the Liberals like Obama, Franks, and Dodd had agreed to the regulation of Fannie Mae & Freddie Mac (F&F) as McCain had asked for in May of 2006.
The Liberal Democrat extremists who are controlling Congress and unfortunetly, the administration needed to keep F&F operating without new regulations, so they could continue to receive their political payoffs from the corrupt executives they had put in charge. The Democrats put in charge by the Liberals are Franklin Raines, James Johnson, and Jamie Gorelick, who each received Tens of Millions in compensation while mismanaging the $5 TRILLION of assets under their control. These three among others and the Democrat congressional leadership (oxy-moron) Pelosi and Reid are responsible for the downfall of F&F.
If the Democrats had agreed to the McCain proposals, this entire financial crisis and bailout of $700 Billion plus may have been avoided.
The above three should be indicted for taking exorbitant payments from F&F, and their quid pro quo payments to Democrat members of congress and others. McCain warned in '06 that F&F was a disaster in waiting. The corrupt Democrats did not support McCain's regulatory proposals of F&F in 2006.
Don't let this go. For reasoned people, do your own in depth study of the facts and you will find the above is True.
An extremist Obama presidency would only lead to more of the same type of corruption and a divided Country.