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Need one Thread for all Obama ties to the Econ. Meltdown (vanity)
9/18/08 | DAC21

Posted on 09/18/2008 7:35:07 AM PDT by DAC21

Hopefully someone is keeping all the articles/links indicting Obama and his gang of thieves in regards to Fannie/Freddie, Lehman and the blocking of Energy independence. It's getting unruly in my neck of the woods on who’s to blame for this mess. It would be nice to go to one source to show all my finger pointing friends.


TOPICS: Business/Economy
KEYWORDS: economicpolicy; fanniemae; obamabiden
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1 posted on 09/18/2008 7:35:08 AM PDT by DAC21
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To: DAC21

I agree a good synopsis of all this would be very helpful...


2 posted on 09/18/2008 7:37:06 AM PDT by wyowolf ("we were the winners , cause we didn't know we could fail.")
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To: DAC21

I’m concerned that these bail outs and stock market problems are in the news. Lotsa people have the notion in their minds that the Republicans are the party of big business, and the Democrats are the party of the people. And rightly or wrongly, they might grativate to Obama as being the better candidate to fix problems in our financial markets.

I don’t think Obama has a clue about what should be done about Wall Street problems. But I think there is a lingering perception among some people that the Democrat parry, going back to FDR, is the party which will fix economic problems. And that perception could help him win the election.


3 posted on 09/18/2008 7:37:58 AM PDT by Dilbert San Diego
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To: DAC21; backhoe

Put backhoe on the case ... one of the best indexers and cross-referencers we’ve got!


4 posted on 09/18/2008 7:38:20 AM PDT by NonValueAdded (don't worry, they only want to take water out of the other guy's side of the bucket.)
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To: wyowolf

Rove on Hannity covered it pretty well.


5 posted on 09/18/2008 7:38:56 AM PDT by nikos1121 (Mr. Smith is coming back to Washington in the name of Sarah Palin.)
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.

Need a DVD of it all pretty soon that can get out there.

.

6 posted on 09/18/2008 7:39:32 AM PDT by polymuser (Taxpayers voting for Obama are like chickens voting for Colonel Sanders.)
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To: nikos1121
Rove on Hannity covered it pretty well.

And spanked little Allen Colmes nicely!

7 posted on 09/18/2008 7:40:41 AM PDT by polymuser (Taxpayers voting for Obama are like chickens voting for Colonel Sanders.)
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To: DAC21

Here’s a link to start with...Fannie/Freddie political contributions. #1 and #2 on the list, Dodd and Obama. Here’s the top 20...keep in mind in Obama’s one term he’s racked up that many contributions, compared to some of the others on the list who have served many terms.

All Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008

Dodd, Christopher J S CT D $165,400
Obama, Barack S IL D $126,349
Kerry, John S MA D $111,000
Bennett, Robert F S UT R $107,999
Bachus, Spencer H AL R $103,300
Blunt, Roy H MO R $96,950
Kanjorski, Paul E H PA D $96,000
Bond, Christopher S MO R $95,400
Shelby, Richard C S AL R $80,000
Reed, Jack S RI D $78,250
Reid, Harry S NV D $77,000
Clinton, Hillary S NY D $76,050
Davis, Tom H VA R $75,499
Boehner, John H OH R $67,750
Conrad, Kent S ND D $64,491
Reynolds, Tom H NY R $62,200
Johnson, Tim S SD D $61,000
Pelosi, Nancy H CA D $56,250
Carper, Tom S DE D $55,889
Hoyer, Steny H H MD D $55,500

http://www.opensecrets.org/news/2008/09/update-fannie-mae-and-freddie.html


8 posted on 09/18/2008 7:44:25 AM PDT by Dawn531
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To: DAC21

http://www.freerepublic.com/focus/news/2083158/posts?page=1

http://www.freerepublic.com/focus/f-news/2084707/posts

http://www.freerepublic.com/focus/f-news/2084666/posts

I will post more links later


9 posted on 09/18/2008 7:45:59 AM PDT by frithguild (Can I drill your head now?)
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To: DAC21

http://beta.freerepublic.com/focus/f-news/2085048/posts


10 posted on 09/18/2008 7:53:44 AM PDT by nikos1121 (Mr. Smith is coming back to Washington in the name of Sarah Palin.)
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To: DAC21
Obamas Team! I agree it took me forever last night to find this on after I got booted.

“BREAKING THE BANK (Obama financial advisor...)
American Spectator ^ | 9-17-08 | THe Prowler

Posted on Wednesday, September 17, 2008 1:31:03 PM by Renfield

...Penny Pritzker, Obama’s national finance chair was, with her family, the half owner of Superior Bank, which was shut down in 2001 by the FDIC after it had lost nearly all of its more than $2 billion of assets on bad loans to high-risk borrowers, federal regulators said.

Pritzker has avoided media attention over the past week as reporters covering the Obama campaign sought comment on the Fannie Mae and Freddie Mac debacle.

Pritzker also served as finance chair for Obama’s Senate run, and supported him during his time in the Illinois state legislature.

One reason Pritzker may have been enamored with Obama was his willingness to press legislation that loosened state regulatory policies for land developers and multi-family property owners......

(Excerpt) Read more at spectator.org ...”

http://www.freerepublic.com/focus/f-news/2084495/posts

Special thanks to Renfield for this one

“Obama’s Housing Project Video
Boston Globe ^ | June 27, 2008 | Boston Globe

Posted on Wednesday, September 17, 2008 7:15:59 PM by GOPFlack

A shocking look into one of Obama’s projects as a community organizer. His vision for America? “

http://link.brightcove.com/services/link/bcpid1185143625/bctid1632758531

http://www.freerepublic.com/focus/f-news/2084739/posts

Special thanks to GOPFlack

“Update, CEO telling the Dems,and Obama that they are the “Family” the “Conscious” of Fannie Mae.
http://www.youtube.com/watch?v=usvG-s_Ssb0 | you tube

Posted on Wednesday, September 17, 2008 7:16:10 PM by Pacothecat

UPDATE VIDEO BACK UP...PLEASE MAKE COPIES video unearthed CEO of Fannie Mae telling the Democrats (specifically Barack Obama and the Congressional Black Caucus) that they are the “Family” the “Conscience” of Fannie Mae.”

http://www.freerepublic.com/focus/f-news/2084740/posts

http://www.youtube.com/watch?v=usvG-s_Ssb0

Special thanks to Pacothecat

Housing: Who Got Rich? Who's to Blame?
http://maggiesnotebook.blogspot.com/2008/09/business-week.html ^ | September 17, 2008 | Maggie Thornton

Posted on Wednesday, September 17, 2008 4:08:14 PM by maggiesnotebook

Who do we blame for today's housing crisis, subprime loans and the Fannie Mae and Freddie Mac debacle? Who got rich?

The Democrats are blaming it on the Republicans and G.W. Bush, but that's not the answer.

We can accurately blame it on the Clinton administration, and the Democrats. The irresponsible actions of some very powerful people got this cauldron brewing many years ago - and then, there was no stopping it.

http://www.freerepublic.com/focus/f-bloggers/2084620/posts

Special thanks to maggiesnotebook

11 posted on 09/18/2008 7:56:06 AM PDT by angelsonmyside
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To: DAC21
OK. Here it is in a nutshell.

Barack Obama's legislative, legal counseling, advisory, consulting, and executive record on dealing with economic issues (exhaustive list follows, it's a LONG post):

.

.

.

.

Any questions?

12 posted on 09/18/2008 7:56:35 AM PDT by NorCoGOP ((borrowed from another Freeper) "They have Obama...we have Oh! MAMA!")
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To: frithguild

good idea...


13 posted on 09/18/2008 8:02:19 AM PDT by God luvs America (When the silent majority speaks the earth trembles!)
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To: DAC21
Please post this bulletin on myspace/facebook/email lists, to get the actual factual news on this out!


Explosive Video, Fannie Mae CEO calling Obama and the Dems the "Family" and "Conscience" of Fannie Mae

http://www.youtube.com/watch?v=usvG-s_Ssb0

http://www.youtube.com/watch?v=usvG-s_Ssb0

14 posted on 09/18/2008 8:08:16 AM PDT by rawcatslyentist (I will stand with the Muslims ~B Hussein Obomunist ~~~~~~~~~~~~~~~ Verito Possumus~Verified Sleeper!)
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To: DAC21
Fr search => Franklin Raines

He is the financial advisor to bambi.

Raines looted and bankrupted Fannie mae.

While Barney Fwank threatened law suits on discrimination
to mortgage house if the did not give loans to all who asked.

The loans were known as Ninja loans.

No income, no job, no assets

The mortgage loans were sold to countywide

Mortgage insurance was sold by AIG.

Another player was Jamie Gorelick Deputy AG under the Clintons

Who gave us the Wall of Separation memo preventing sharing
intelligence between the FBI and CIA
facilitating 9/11 terrorist attacks.

Wiki says:

Even though she had no previous training nor experience in finance, Gorelick was appointed Vice Chairman of FNMA from 1997 to 2003. She served alongside former Clinton Administration official Franklin Raines, and earned over 26 million during her six years there. During that period, FNMA developed a $10 billion accounting scandal. [10] One example of falsified financial transactions that helped the company meet earnings targets for 1998, a "manipulation" that triggered multimillion-dollar bonuses for top executives.


15 posted on 09/18/2008 8:17:04 AM PDT by Uri’el-2012 (Psalm 78:35 And they remembered that God was their ROCK, And the Most High God their Redeemer.)
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To: XeniaSt

“She served alongside former Clinton Administration official Franklin Raines, and earned over 26 million during her six years there.”

You’ve got to be kidding me. That wench that screwed up our national security got paid $26 million to screw up our mortgage industry?

Worse than pathetic.


16 posted on 09/18/2008 8:24:18 AM PDT by stevestras
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To: angelsonmyside
Info on Penny Pritzker, the billionaire Hyatt heiress and Obama's Finance Chair:

Barack Obama was in Chicago at the time of the Superior Bank failure & has full knowledge of what went on and the cause of the collapse

Pritzker, Predatory Subprime Pioneer, Still On Obama Team

Is Obama for the People or the Banks?

Obama’s Finance Chair, Failed Bank Owner Penny Pritzker And Today’s Wall Street Problem

17 posted on 09/18/2008 8:28:12 AM PDT by ravingnutter
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To: DAC21

Good idea.

I had wanted something like this to sway Democrat-leaning co-workers and aquaintences toward voting R, but unfortunately facts (for some, at least) don’t enter into the equation.


18 posted on 09/18/2008 9:16:34 AM PDT by WayneM (Two things are infinite: the universe and human stupidity; and I'm not sure about the the universe.)
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To: DAC21
Besides Franklin Raines and Jim Johnson, both political and economic advisors to Barack Obama, there is:

Rep. Rahm Emanuel - served on the Board of Directors for Freddie Mac after leaving the Clinton White House. According to Freddie Mac insiders, Emanuel during his time on the board opposed every reform proposed by the Bush Administration that would have impacted Freddie and Fannie Mae.

Former Clinton FBI Director Louis Freeh, who sits on Fannie's board today.

Harold Ickes, a senior adviser to both President Clinton and Sen. Hillary Rodham Clinton (D-N.Y.) is also on the board.

And you gotta love this line:

And don't worry, the mortgage expert Charlie Rangel will continue to help oversee the mortgage companies in Congress.

ROTFLMAO!

19 posted on 09/18/2008 9:23:53 AM PDT by ravingnutter
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To: angelsonmyside

Thank you much for the link.

Maggie
Maggie’s Notebook


20 posted on 09/18/2008 12:22:13 PM PDT by maggiesnotebook
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