Posted on 09/06/2011 6:12:34 AM PDT by WashingtonSource
bfl
Zero is right. No one from D.C. has been tried and convicted of anything. Leland Brendsel walked with $25 million from Freddie Mac. Franklin Raines with $90 million from Fannie Mae. Raines had to give back $2 million. No criminal charges were pursued even though there was clear evidence that Brendsel and Raines manipulated earnings for maximum compensation.
Certainly no one from the SEC has been held accountable. Barney Frank was not held accountable. Chris Dodd left town under a cloud. No one from the banking regulators has been held accountable. No one from Wall Street has been held accountable. Angelo Mozilo paid a large fine but kept $500 million in compensation earned while he destroyed Countrywide. No one at Countrywide has been prosecuted for offering bribes to Congressmen. The list goes on and on.
No one anywhere has been held accountable for the financial crisis, except a few small fry.
Would that this episode could be condensed into a Cliffs Notes version by just one of the dinomedia. Something that the average and ignorant couch potatoe could get hold of. Even FoxNews, more or less mainstream now, has pretty much steered clear of the down and dirty elements of this filthy, stinking mess. Glenn Beck, now gone from Fox of course, is the ONLY one I'm aware of who had the cheek to actually do some serious investigative work on it and IMHO laid the blame squarely where it belonged; with the DC cabal and its connections to the poverty pimps. I gather he was butchering some sacred cash cows. Others will occasionally make a passing remark about it but rarely with any conviction and certainly little investigative work.
Makes me want to puke sometimes.
Glenn Beck would be ideal for a cliff notes version. His gut instinct on these issues is so correct. He’s got the resources, too.
So basically it looks like the left created the financial crisis to both reap benefits in the short term and create a crisis later on for even greater gain for the left-wing agenda.
Exactly!
Just watch what they do with the current financial crisis.
Believe me, they have plans.
If ACORN and the other radicals did not set out to create a monumental financial crisis which they could take advantage of, it certainly looks that way. At minimum they just didn't care if their policies wreaked havoc.
I think this quote from Barney Frank captures his I-don't-give-a-damn attitude:
As some members of Congress pushed for stronger capital standards for Fannie and Freddie and the right of OFEHO to raise or lower those standards, Frank was vehemently opposed. "I do not want the same kind of focus on safety and soundness that we have" in the case of federal banking regulators, Frank said. "I want to roll the dice a little bit more in this situation towards subsidized housing," he added.
Barney Frank was and is ever bit as much the 60s radical as Rathke. There's no evidence he recognizes that his policies created the worst financial crisis of modern times -- or that he cares that they did so or may have done so.
Given the revolutionary Communist, anti-American, anti-capitalist, all-white-people-are-racists-ideology driving ACORN, I think one could argue from the beginning that they not only knew what they were doing when they designed the law governing Fannie and Freddie, they knew what the result would be. In that regard, they may have acted brilliantly to advance their evil cause.
They need to be held to account.
btt
Bump.
Bump.
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