Posted on 03/29/2009 7:47:58 PM PDT by Three if by government
Last fall John McCain was leading in the polls after the boost from an unknown conservative fire plug from Alaska. The media caught off guard ran for the knife draw. With the advent of the Community Reinvestment Act of 1999 under Bill Clinton , the mark to market accounting adjustments post Enron and the repeal of the up tick rule: the market was clearly playing with fire. When Democrat leaders pressured lenders to provide loans for people who never could afford them it was a matter of time before the new accounting rules would devastate the world markets. In the end the Republicans cowered to the accusations of racism and the so called public lynching of Fannie Mae’s Frank Rains during the 2004 hearings. My question is the timing of it.....
(Excerpt) Read more at threeifbygovernment.com ...
I think McLame was BOOSTED by the media....much to my surprise considering that he was, indeed, lame.
This was all set up by CRA lawsuits by a community activist attorney against Citigroup a few year ago, moles in Fannie & Freddie (Rahm & Gorelnick plus Raines maybe even Stan O’Neil at Merrill because they went HEAVY into mortagges).
Followed up by Soros and fellow hedge fund shorts - Flowers and John Paulson shorting heavily and picking off one company after anothers. Schumer wiping out Indy Mac. ENDLESS advertising money that also bought positive news spin becaus ethe media was getting $800 million in ad money from Saudi Arabia, Indoinesia and other places.
Conspiracy apranoia? Hardly - look at how Hillary got mugged at the caucuses by ACORN and the media totally covered that up.
I think it was like the attack on the World Trade Centers. Chuckie Schumer had no idea the result of his actions of causing a run on Indymac would spread so far. That no one is blaming him for what is clearly traceable to him illustrates the problem with the Republican party today because had it been reversed blood would have been had already.
With the EXPANSION of the Community Reinvestment Act of 1999 under Bill Clinton (needed a little touch-up. The original CRA was a Carter thing)
With the advent of the Community Reinvestment Act of 1999 under Bill Clinton
Although the financial crisis was inevitable, the timing of the market collapse was orchestrated to help bring in Obama.
But it was McCain’s extraordinarily weak response to the collapse, his unilateral “suspension” of his campaign and ultimate folding in favor of the fall bailout that sealed the deal. Really, McCain did not show himself ready for the presidency with his performance.
I have said for some time that its all by design.Seems I am not alone.
Well calculated Marxist coup with a lot of “useful idiots” to move it all along - msm, liberal elected officials and of course, labor unions and bureaucrats (SEIU).
Have you seen the movie “The Obama Deception”? Seems pretty plausible to me that it was all caused by the Bilderberg Group to throw the election!
You are not alone. Last Fall, everybody was telling me to adjust my tin foil hat.
The question is always in doubt, do “THEY” lie to us? This video shows they do, in fact there is enough information in this video to prove that they lie but you probably won’t believe it. People reject the obvious even with odds more than a million to one because they can’t comprehend that the government would lie on a question even this big.
http://www.youtube.com/watch?v=oBpHSyuueMU
Yes,I remember.
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