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To: Sporke; All
Let’s be fair. This isn’t Obamas fault

Really?

Ever heard of Fanny and Freddie?

That's the biggest catalyst to the downfall. During the Bush years, Bush tied to stop those loans that the banks were forced to make to people without financial elegibility - or EVEN a job.

Bwarny FRank and pals keep insisting "NO PROBLEM"

Now who forced the banks to make these loans that they did NOT want to make?

Ummmm - oh, that would be ACORN. Ever hear of them?

And who was their lawyer who represented them in court - and won the case that forced the banks to make these loans?

He wasn't a politician - yet.

He is now.

He's president.

So cut him slack if you want. I shan't.

Here's a history of the WON's association with ACORN: You might find it enlightening. It includes what I mentioned re the mortgage meltdown

(link: http://www.theobamafile.com/ObamaACORN.htm

Excerpt: In 1994, lawyer Obama, a graduate of Harvard Law School then fresh from his Project Vote! experience, represented ACORN in the Buycks-Roberson v. Citibank Federal Savings Bank case, in which ACORN pressed for Citibank to make more loans to marginally qualified African-American applicants "in a race neutral way."

After obtaining a settlement in the Citibank litigation, ACORN used its subsidiary organization ACORN Housing, a nationwide organization with offices in more than 30 U.S. cities, to push the group's radical agenda to get subprime home buyers mortgages under the most favorable terms possible." end excerpt.

Cut him slack. NOT.

52 posted on 07/16/2011 5:07:39 PM PDT by maine-iac7 (I AM ISRAEL)
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To: maine-iac7
Gretchen Morgenson's latest book, Reckless Endangerment: How Outsized Ambition, Greed and Corruption Led to Economic Armageddon, tells about how who was responsible for the greatest economic disaster since the Great Depression. From what I saw in Morgenson's interview with Sean Hannity, this is the one that details who were the players in the disaster. I hope it will awaken more people in this nation about the fact that we have been robbed and many thrown out of their houses because of it. It is the campaign finance-policician money cycle that is the center of the problem. The politician gives favors to a campaign donor. The campaign donor encourages more favors with more campaign contributions. The politician turns his campaign war chest into a money market vehicle to profit from campaign contributions. It takes money to make money.
101 posted on 07/16/2011 6:56:30 PM PDT by jonrick46 (2012 can't come soon enough.)
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To: maine-iac7

You can spout off about how bad obama and the dems are if you want, and you’d be correct, but the GOP is just as bad in every respect. I can’t name 2 GOP politicians that have a pair. The few that know the right thing can’t find a way to get it done. I’m sick of hearing “well, if we control the Senate and/or the White House, things will change”.

Oh really? Nothing changed when Bush and the GOP controlled everything, not good change anyway. What makes anyone think things will be different the next time?

If they GOP controlled everything, they’d still worry only about reelection, which means they’d make no real cuts or change to govt.

Nothing will change until we either have a viable third party, or until people dust off their firearms and head to D.C.

It’s delusional to think elections will make a difference anymore, at least not with the two parties we have atm.


103 posted on 07/16/2011 6:57:12 PM PDT by Sporke (USS-Iowa BB-61)
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