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Remember the LONG-TERM Causes of the Financial Sector Meltdown (an email pre-formatted for sending)
FreedomKeys.com ^ | 20101010 | various

Posted on 10/23/2010 12:49:32 PM PDT by FreeKeys

Would the Last Honest Reporter Please Turn On the Lights?
by novelist Orson Scott Card, a Democrat
_________
..
      This [financial crisis] was completely foreseeable and in fact many people did foresee it.  One political party, in Congress and in the executive branch, tried repeatedly to tighten up the rules.  The other party blocked every such attempt and tried to loosen them.
..
Furthermore, Freddie Mac and Fannie Mae were making political contributions to the very members of Congress who were allowing them to make irresponsible loans.  (Though why quasi-federal agencies were allowed to do so baffles me.  It's as if the Pentagon were allowed to contribute to the political campaigns of Congressmen who support increasing their budget.) ... 
..
If you who produce our local daily paper actually had any principles, you would be pounding this story, because the prosperity of all Americans was put at risk by the foolish, short-sighted, politically selfish, and possibly corrupt actions of leading Democrats, including Obama.
..
If you who produce our local daily paper had any personal honor, you would find it unbearable to let the American people believe that somehow Republicans were to blame for this crisis. ... 
..
So I ask you now: Do you have any standards at all?  Do you even know what honesty means?
..
[Was] getting people to vote for Barack Obama so important that you will throw away everything that journalism is supposed to stand for? ... 
..
... tell the truth about John McCain: that he tried, as a Senator, to do what it took to prevent this crisis.  You will tell the truth about President Bush: that his administration tried more than once to get Congress to regulate lending in a responsible way.
..
This was a Congress-caused crisis, beginning during the Clinton administration, with Democrats leading the way into the crisis and blocking every effort to get out of it in a timely fashion.
..
If you at our local daily newspaper continue to let Americans believe — and vote as if — President Bush and the Republicans caused the crisis, then you are joining in that lie. 
- Novelist Orson Scott Card, a Democrat, on October 5, 2008,HERE
..
..
The Financial Sector Meltdown 
..
    1.  Almost all of the financial problems we see today are based on bad mortgage lending.  That would be lending money to people to buy homes who didn't qualify for a loan.
..
    2.  The Democrats, under Clinton, strengthened a government-created monster called the "Community Reinvestment Act" [first foisted upon the country under Jimmy Carter].  This law was then used by "activists" and "community organizers" ...  to coerce lending institutions to make these bad loans ... millions of them.
..
    3.  Now we see what happens when political "wisdom" supplants good loan underwriting.  When private financial institutions are virtually forced to make loans to people with a bad credit and job history ... this is what you get.  Enjoy it.
-- Neal Boortz, here
..
.

      Enough cards on this table have been turned over that the story is now clear. The economic history books will describe this episode in simple and understandable terms: Fannie Mae and Freddie Mac exploded, and many bystanders were injured in the blast, some fatally.
..
     Fannie and Freddie did this by becoming a key enabler of the mortgage crisis. They fueled Wall Street's efforts to securitize subprime loans by becoming the primary customer of all AAA-rated subprime-mortgage pools. In addition, they held an enormous portfolio of mortgages themselves.
..
     In the times that Fannie and Freddie couldn't make the market, they became the market.
..
-- Kevin Hassett, Bloomberg News, here
..

..
Obama choice helped Fannie block oversight
National security adviser tied to discrediting of probe
..
By Jim McElhatton, The Washington Times,October 13, 2010 here
..
UNDER SCRUTINY: Thomas E. Donilon worked as a registered lobbyist for Fannie Mae from 1999 to 2005.
..
Years before Fannie Mae foundered amid a massive accounting scandal, President Obama's choice for national security adviser oversaw an office inside the mortgage giant that orchestrated a negative publicity blitz to fight attempts by Congress to increase government oversight, records show.
..
Thomas E. Donilon, who won the job as national security adviser this month, worked as a registered lobbyist for Fannie Mae from 1999 to 2005 at a time the company's officials insisted finances were sound. He also earned more than $1.8 million in bonuses [from Frannie Mae] before the government took over the troubled company in the wake of an accounting scandal.
..
Vice President Joseph R. Biden Jr. and Mr. Obama, who railed against lobbyists on the campaign trail, hailed Mr. Donilon's appointment last week, but made no mention of his time as a registered lobbyist.st wee
..

..
   Democrats and some [big-government] Republicans opposed reform in part because Fannie and Freddie were very good at greasing palms. Fannie has spent $170 million on lobbying since 1998 and $19.3 million on political contributions since 1990.
..
The principal recipient of Fannie Mae's largesse was a Democrat, Sen. Chris Dodd (D, CT), chairman of the Senate Banking Committee. No. 2 was another Democrat, Sen. Barack Obama (D, IL).
..
Mr. Dodd was also the second largest recipient in the Senate of contributions from Countrywide's political action committee and its employees, and the recipient of a home loan from Countrywide at well below market rates.  The No. 1 senator on Countrywide's list? Barack Obama.  Check it out here:  http://tinyurl.com/4h9955
..
..

"Congressman Frank and Senator Dodd wanted the government to push financial institutions to lend to people they would not lend to otherwise, because of the risk of default.
..
"The idea that politicians can assess risks better than people who have spent their whole careers assessing risks should have been so obviously absurd that no one would take it seriously." -- Dr. Thomas Sowell, Professor Emeritus, Economics, Stanford University, HERE
..

..
   When the Bush administration tried to rein in Freddie and Fannie from continuing to engage in risky practices, guess who stepped in to block their efforts? Democratic senators Chris Dodd, John Kerry, Hillary Clinton, and -- are you ready? -- Barack Obama.
..
Meanwhile, guess who were the top four recipients of campaign contributions from Fannie and Freddie between 1988 and 2008?
..
Senators Chris Dodd, John Kerry, Hillary Clinton, and -- still ready? -- Barack Obama.
..
A coincidence, I tell you -- just a coincidence.
..
More mere coincidences: Franklin Raines -- a former Carter- and Clinton-administration official and former head of Fannie Mae, now under investigation for cooking its books -- had a lot of powerful people in Congress beholden to his agency. Here is a list of his campaign-contribution recipients. Meanwhile, Democratic honchoJim Johnson, another former Fannie Mae CEO, has been an economic adviser to and major fundraiser for Barack Obama, and even ran his vice-presidential search committee until growing scandals over his Fannie management forced him to step down in July. 
- Robert Bidinotto, here
..

..
          On May 25, 2006, Sen. John McCain spoke forcefully on behalf of the Federal Housing Enterprise Regulatory Reform Act of 2005.  He said on the floor of the Senate:
..
   "Mr. President, this week Fannie Mae’s regulator reported that the company’s quarterly reports of profit growth over the past few years were “illusions deliberately and systematically created” by the company’s senior management, which resulted in a $10.6 billion accounting scandal.
..
    "The Office of Federal Housing Enterprise Oversight’s report goes on to say that Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets in order to trigger bonuses for senior executives. In the case of Franklin Raines, Fannie Mae’s former chief executive officer, OFHEO’s report shows that over half of Mr. Raines’ compensation for the 6 years through 2003 was directly tied to meeting earnings targets. The report of financial misconduct at Fannie Mae echoes the deeply troubling $5 billion profit restatement at Freddie Mac.
..
   " The OFHEO report also states that Fannie Mae used its political power to lobby Congress in an effort to interfere with the regulator’s examination of the company’s accounting problems. This report comes some weeks after Freddie Mac paid a record $3.8 million fine in a settlement with the Federal Election Commission and restated lobbying disclosure reports from 2004 to 2005. These are entities that have demonstrated over and over again that they are deeply in need of reform.
..
    "For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac–known as Government-sponsored entities or GSEs–and the sheer magnitude of these companies and the role they play in the housing market. OFHEO’s report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO’s report solidifies my view that the GSEs need to be reformed without delay.
..
    "I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.
..
    "I urge my colleagues to support swift action on this GSE reform legislation."
..
 It died at the hands of the DEMOCRATS -- 
         HERE's a video clip showing their anger.
..

..
    "Many politicians and pundits claim that the credit crunch and high mortgage foreclosure rate is an example of market failure and want government to step in to bail out creditors and borrowers at the expense of taxpayers who prudently managed their affairs. These financial problems are not market failures but government failure. ... The credit crunch and foreclosure problems are failures of government policy." -- Dr. Walter E. Williams, the John M. Olin distinguished professor of economics at George Mason University, HERE
..
..

        "Barack Obama wasn't just the second-largest recipient of Fannie Mae and Freddie Mac political contributions. He was also the senator from ACORN, the activist leader for risky 'affirmative action' loans. ... [The CRA] gave groups such as ACORN a license and a means to intimidate banks ... ACORN employed its tactics in 1991 by taking over the House Banking Committee room for two days to protest efforts to scale back the CRA. ... Obama represented ACORN in a 1994 suit against redlining.  ACORN was also a driving force behind a 1995 regulatory revision pushed through by the Clinton administration that greatly expanded the CRA and helped spawn the current financial crisis. Obama was the attorney representing ACORN in this effort." -- IBD Editorials
..
      "The Woods Fund report makes it clear Obama was fully aware of the intimidation tactics used by ACORN's Madeline Talbott in her pioneering ["community organizer"] efforts to force banks to suspend their usual credit standards. Yet he supported Talbott in every conceivable way. He trained her personal staff and other aspiring ACORN leaders, he consulted with her extensively, and he arranged a major boost in foundation funding [via CAC and Woods Fund] for her efforts." -- Stanley Kurtz, "BARACK'S 'ORGANIZER' BUDS PUSHED FOR BAD MORTGAGES"HERE
.

.
Bloomberg News has an excellent recap of 
the history of the financial meltdown:.HERE.
.

Barney Frank, Chris Dodd, Jimmy Carter, Barack Obama
not shown: Bill Clinton


..

"Scratch the surface of an endemic problem -- famine, illness, poverty --  and you invariably find a politician at the source." --  Simon Carr
"One of the methods used by statists to destroy capitalism consists in establishing controls that tie a given industry hand and foot, making it unable to solve its problems, then declaring that freedom has failed and stronger controls are necessary." -- Ayn Rand 
"I think that we all need to consider the possibility ... just the possibility ... that Obama is engaged in a conscious effort to destroy our free market economy so that he can build a government-controlled socialist party on the rubble." -- Neal Boortz, here
[Conscious effort or not, we have an emergency on our hands.] 

The Library of Economics and Liberty

The Price of Freedom         Textbook of Americanism

Vote for higher taxes on your boss.  Put him out of business. No ... wait!
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Find a cleaner copy of this email HERE and

.
Please pass it along ----------------->

------------------------------------------------------
Also see THIS email. And THIS one as well. 

 



TOPICS:
KEYWORDS: acorn; bankingcrisis; barneyfrank; chrisdodd; cra; fannie; fanniemae; freddie; freddiemac; housing; mortgages; recession
Please consider copying the above and emailing it to everyone who needs to be motivated to vote.  And everyone else too.

1 posted on 10/23/2010 12:49:41 PM PDT by FreeKeys
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To: FreeKeys

I think I’ll start a ping list of emailers. FReepmail me if you want to be on it. Even if you’re only an occasional emailer.


2 posted on 10/23/2010 12:53:36 PM PDT by FreeKeys (COPY EVERYTHING IN THE BOX ON MY PROFILE PAGE AND SEND IT TO EVERYONE IN YOUR ADDRESS BOOK !!)
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To: PGalt; Publius; 4Liberty; misterrob; Oceander; Starboard; Sherman Logan; chickenlips; KarlInOhio; ..

crunch time ping


3 posted on 10/23/2010 1:02:34 PM PDT by FreeKeys (COPY EVERYTHING IN THE BOX ON MY PROFILE PAGE AND SEND IT TO EVERYONE IN YOUR ADDRESS BOOK !!)
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To: FreeKeys

Analysis is incomplete.
The overinflation of realestate prices is only one factor in the current economic crisis.


4 posted on 10/23/2010 1:12:05 PM PDT by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.8)
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To: FreeKeys

All of us should be reminded to save this information which will never see the light of day in the government controlled corrupt old media.


5 posted on 10/23/2010 1:20:29 PM PDT by Neoliberalnot ((Read "The Grey Book" for an alternative to corruption in DC))
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To: FreeKeys

good work!


6 posted on 10/23/2010 1:26:13 PM PDT by Lorianne (During times of universal deceit, telling the truth becomes a revolutionary act. ___ George Orwell)
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To: MrEdd
Analysis is incomplete. The overinflation of realestate prices is only one factor in the current economic crisis.

If you must you can add the following, but focus on the context: Our purpose here is to win elections, not to educate everybody about everything:

     "The reasons for [the financial sector problems] are not obscured.  There are several of them. 

        "One of them is that the Federal Reserve under Alan Greenspan kept the punch bowl open for a long time with [unusually low] loan interest rates after 9-11, which led to a wild borrowing spree on Wall Street and Main Street. 

       "Secondly, for two decades you've had Republicans and Democrats in the Presidency and also in Congress who
 pushed to expand lending for housing for people who hadn't had it before, particularly African-Americans who'd been denied it because of discrimination and racism, and encouraged sub-prime loans which, in the end, collapsed in a fury and in a wave. 

      "And thirdly, what we had was a kind of advance in computers in which people derived these esoteric instruments of debt, which was understood, not as a way to cheat and hide, but as a way to spread the risk of mortgages.  But ultimately, because it was [so] obscure, it had the opposite effect of spreading the liability in a way that people aren't even sure how much they own. 

       "The reason Lehman collapsed is because it looked at its books and doesn't understand how much of a liability it has, and a run starts on it, and it can't answer. 

        "Both are appealing mindlessly to populism [blaming Republicans or Wall Street instead of the politicians who started the whole mess when, for years and years, so many of those politicians had the government coerce the financial sector into selling all those risky mortgages]." -- Charles Krauthammer on Special Report with Brit Hume, Sept. 18, 2008 


7 posted on 10/23/2010 1:31:27 PM PDT by FreeKeys (COPY EVERYTHING IN THE BOX ON MY PROFILE PAGE AND SEND IT TO EVERYONE IN YOUR ADDRESS BOOK !!)
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To: WakeUpAndVote; HuntsvilleTxVeteran; DennisR; DTogo; Biggirl; leftyontheright; exit82; bunster; ...

crunch time ping


8 posted on 10/23/2010 1:43:45 PM PDT by FreeKeys (COPY EVERYTHING IN THE BOX ON MY PROFILE PAGE AND SEND IT TO EVERYONE IN YOUR ADDRESS BOOK !!)
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To: Lorianne
good work!

Thank you! Are you putting it to use?

9 posted on 10/23/2010 1:52:11 PM PDT by FreeKeys (COPY EVERYTHING IN THE BOX ON MY PROFILE PAGE AND SEND IT TO EVERYONE IN YOUR ADDRESS BOOK !!)
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To: FreeKeys

Yep, already using it.

I really wish we could have a database of some of these things so we could put our fingers on certain articles more easily


10 posted on 10/23/2010 2:07:30 PM PDT by Lorianne (During times of universal deceit, telling the truth becomes a revolutionary act. ___ George Orwell)
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Comment #11 Removed by Moderator

To: FreeKeys
Would the Last Honest Reporter Please Turn On the Lights?

I don't think one exists.

12 posted on 10/23/2010 2:21:54 PM PDT by SouthTexas (WE are the Wave - Vote Nov 2)
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To: All

bump


13 posted on 10/23/2010 2:29:54 PM PDT by Tribune7 (The Democrat Party is not a political organization but a religious cult.)
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To: bert; bamahead; traviskicks; freepatriot32; MikeHu; StoneColdTaxHater; libertyman; Husker24; ...
Death on a fairly large scale is the only real solution to the problem.

Wrong. Viciously wrong. I reject and repudiate that and do not want to let your vile comment stand unanswered. ALL human beings are open to reason and persuasion later if not sooner.

14 posted on 10/23/2010 2:45:53 PM PDT by FreeKeys (COPY EVERYTHING IN THE BOX ON MY PROFILE PAGE AND SEND IT TO EVERYONE IN YOUR ADDRESS BOOK !!)
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To: FreeKeys

The Orson Scott Card article could use it’s own thread. There used to be an OSC pinglist maintained by Tolik?


15 posted on 10/23/2010 3:02:51 PM PDT by listenhillary (A very simple fix to our dilemma - We need to reward the makers instead of the takers)
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To: listenhillary; Tolik
The Orson Scott Card article could use it’s own thread. There used to be an OSC pinglist maintained by Tolik?

Is it proper to repost it? Or even post something so old by itself? Anyway, Tolik's OSC list is still alive and well, apparently...

16 posted on 10/23/2010 3:17:33 PM PDT by FreeKeys (COPY EVERYTHING IN THE BOX ON MY PROFILE PAGE AND SEND IT TO EVERYONE IN YOUR ADDRESS BOOK !!)
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To: FreeKeys

Here it is, everything, all in one place bump.
Good job, indeed.


17 posted on 10/23/2010 3:26:28 PM PDT by Excellence (Buy Progresso, take off the label, write "not halal," mail to Campbell's soup company.)
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To: FreeKeys

I have been singing this tune for over 2 years now. In the financial business, and it is amazing how many lenders, bankers, brokers and agents STILL do know understand this mess!


18 posted on 10/23/2010 4:12:15 PM PDT by Kansas58
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To: Excellence
...bump. Good job, indeed.

Thanks!

19 posted on 10/23/2010 4:50:30 PM PDT by FreeKeys (COPY EVERYTHING IN THE BOX ON MY PROFILE PAGE AND SEND IT TO EVERYONE IN YOUR ADDRESS BOOK !!)
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To: Kansas58
I have been singing this tune for over 2 years now. In the financial business, and it is amazing how many lenders, bankers, brokers and agents STILL do know understand this mess!

And I hope you send the above to every one of them that you have an email address for! ;*D

20 posted on 10/23/2010 4:52:41 PM PDT by FreeKeys (COPY EVERYTHING IN THE BOX ON MY PROFILE PAGE AND SEND IT TO EVERYONE IN YOUR ADDRESS BOOK !!)
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To: FreeKeys
A good read from NYP:

Spreading the Virus

http://www.nypost.com/p/news/opinion/opedcolumnists/item_2apJAuC2tslB4no8AK15iO;jsessionid=D41B021859B1A7FFDD47B49D7093AD9B
21 posted on 10/23/2010 5:05:52 PM PDT by Bellagio
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To: FreeKeys
There was only one central reason for the crisis, as set out in your original post. Low interest rates had been tried before and never caused a crisis like this. It certainly wasn't caused by computers. Krauthammer sounds like a techno-phobe.

Stick to your guns. This wasn't Wall Street's fault.

22 posted on 10/23/2010 5:06:02 PM PDT by Kennard (io)
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To: Bellagio; Neoliberalnot; Lorianne; Tribune7; Kennard; Kansas58; Excellence; listenhillary; ...

EXCELLENT contribution. Thank you!

Now everybody — click THIS: http://tinyurl.com/ACORNthugsLEGACY — and add it to your emails.


23 posted on 10/23/2010 7:24:57 PM PDT by FreeKeys (COPY EVERYTHING IN THE BOX ON MY PROFILE PAGE AND SEND IT TO EVERYONE IN YOUR ADDRESS BOOK !!)
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bttt


24 posted on 10/23/2010 11:32:00 PM PDT by Matchett-PI (The 'RAT Party - Home of our most envious, hypocritical, and greedy citizens.)
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To: Matchett-PI

Bookmark


25 posted on 10/24/2010 2:59:10 AM PDT by Seattle Conservative (God Bless and protect our troops)
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To: FreeKeys

BTTT


26 posted on 10/24/2010 6:53:58 AM PDT by BenLurkin (This post is not a statement of fact. It is merely a personal opinion -- or humor -- or both.)
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To: FreeKeys

Thanks for the ping


27 posted on 10/24/2010 7:19:26 AM PDT by algernonpj (He who pays the piper . . .)
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To: FreeKeys

BTTT.


28 posted on 10/24/2010 7:31:56 AM PDT by Jane Long (America, while you were sleeping the Socialists took over.)
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To: FreeKeys
"The right to search for truth implies also a duty; one must not conceal any part of what one has recognized to be true."
--Albert Einstein
 
 
Best RATs and RINOs money could buy...
 
 
 

29 posted on 10/24/2010 9:51:50 AM PDT by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: LomanBill

Did you even READ post #7?


30 posted on 10/24/2010 10:45:22 AM PDT by FreeKeys (COPY EVERYTHING IN THE BOX ON MY PROFILE PAGE AND SEND IT TO EVERYONE IN YOUR ADDRESS BOOK !!)
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To: FreeKeys
I'll take "Ambassadors and God-fathers" for 100+Trillion, Jack.
 
If I write my elected representatives, or others, regarding the financial rape of this country, I'll do it in my own words; not by pasting dialectic manure regurgitated by some parrot for the benefit of  The Party(tm).
 
NO SALE.  

31 posted on 10/25/2010 9:58:04 AM PDT by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: FreeKeys

btt


32 posted on 10/25/2010 10:03:05 AM PDT by KSCITYBOY
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To: LomanBill

Even though you may have a good point I think the apparent malice and hostility you say it with is uncalled for.


33 posted on 10/25/2010 7:59:01 PM PDT by FreeKeys (Consider copying what's in the box on my profile page & send it to everyone in time for Nov. 2nd)
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To: FreeKeys

The financial rape of the USA doesn’t call for “malice and hostility” toward the criminals who facilitated and perpetrated it?

“I HAVE SWORN UPON THE ALTAR OF GOD ETERNAL HOSTILITY TO EVERY FORM OF TYRANNY OVER THE MIND OF MAN”
—Thomas Jefferson


34 posted on 10/25/2010 8:35:09 PM PDT by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: FreeKeys
"(COPY EVERYTHING IN THE BOX ON MY PROFILE PAGE AND SEND IT TO EVERYONE IN YOUR ADDRESS BOOK !!)"


(No !!)

I don't like spam, and neither do the people in my address book.

Have you been nailed to the perch long?
35 posted on 10/25/2010 8:47:39 PM PDT by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: LomanBill

Yeah, too long. I finally figured out that my tagline was a major irritation to you just before you pointed out that it was, and I had already changed my tagline just beforehand. Good thing I’m not as oppositional-defiant as you seem to be or I would have left it alone out of sheer stubbornness. Yes, your point, or one of your points, anyway, actually got througgh.

Now, you know you COULD have started out with, “Hey, your tagline is a little bossy, doncha think?” or something friendly like that. But you didn’t. You might consider that approach next time. Or not.


36 posted on 10/25/2010 9:09:09 PM PDT by FreeKeys (Consider copying what's in the box on my profile page & send it to everyone in time for Nov. 2nd)
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To: FreeKeys

>>I finally figured out that my tagline was a major irritation

Actually I hadn’t bothered to read your tagline until my last post.

But it is/was consistent with the same arrogance displayed in your starting this thread, and presumptively commanding others to parrot and paste what you assert are the “LONG-TERM Causes of the Financial Sector” — when you evidently don’t even recognize (or at least acknowledge) the role the Godfather of Subprime played in the dialectic fiasco facilitated and perpetrated by BOTH wings of The Party(tm).

(Beautiful pluuuumage, the Norwegian blue !!)


37 posted on 10/25/2010 9:27:37 PM PDT by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: LomanBill
presumptively commanding others to parrot and paste

Actually, in post #1 I wrote, "Please consider copying the above and emailing ..."

I may be arrogant and obnoxious at times, but many people not as handicapped as I am nor as erudite as you have expressed gratitude to me for giving them something to do to help the campaign. Some people do NOT mind spam or other forms of unsubscribed advertising. And some do. So what.

And I received even more posts like the one at #22 via private Freepmail.

38 posted on 10/26/2010 4:53:49 PM PDT by FreeKeys (Consider copying what's in the box on my profile page & send it to everyone in time for Nov. 2nd)
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To: FreeKeys

>>to help the campaign.

By telling only half the truth?

By conveniently leaving out the part where the Godfather of Subprime donated substantial sums to The Party(tm); and evidently bought the Ambassadorship to the Netherlands... and who knows what else?

NO SALE, Parrot.


39 posted on 10/27/2010 9:37:24 AM PDT by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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