2004 Video: Democrats Defend Fannie/Freddie from Regulation
Posted on 09/30/2008 9:26:46 AM PDT by ETL
Democrats Defend Fannie/Freddie from Regulation - 2004 Video
Rep. Maxine Waters, 2004: "We’ve been through nearly a dozen hearings where frankly we were trying to fix something that wasn’t broke. Mr. Chairman we do not have a crisis at Freddie Mac and in particular at Fannie Mae under the outstanding leadership of Mr. Frank Raines."
http://www.youtube.com/watch?v=YL36nwCSYUM
Bailout Politics
The Congressional Dems who enabled this crisis are now being trusted to fix it?
By Thomas Sowell, September 30, 2008
http://article.nationalreview.com/?q=OWE3OWU3OTExYzNlNTUzMzY2YmJmOWZjMzcwN2M1NjU=
Guilty Party
ACORN, Obama, and the mortgage mess.
By Mona Charen, September 30, 2008
http://article.nationalreview.com/?q=Mzk4MmVkNzA1NGQ2NGRkZjQ2YjNmYjdlODZkMmQ4N2I=
An ACORN Falls from the Tree
A congressional outrage.
By Ken Blackwell, September 29, 2008
http://article.nationalreview.com/?q=N2Y5MTc0ZTAyMmE1Mjk3NGE3OWRiY2FkMjZlN2YxYzc=
Inside Obama’s Acorn: By their fruits ye shall know them
By Stanley Kurtz, May 29, 2008
"What if Barack Obama’s most important radical connection has been hiding in plain sight all along? Obama has had an intimate and long-term association with the Association of Community Organizations for Reform Now (Acorn), the largest radical group in America. If I told you Obama had close ties with MoveOn.org or Code Pink, you’d know what I was talking about. Acorn is at least as radical as these better-known groups, arguably more so. Yet because Acorn works locally, in carefully selected urban areas, its national profile is lower. Acorn likes it that way. And so, I’d wager, does Barack Obama."
http://article.nationalreview.com/?q=NDZiMjkwMDczZWI5ODdjOWYxZTIzZGIyNzEyMjE0ODI
This scandal needs to explode on the scene and the only way to do it is to drag this out closer and closer to election day. The video is awesome and should be picked up by a 527 and looped continuously.
the english language fails miserably in providing us with adequate words with which to accurately describe what a loathsome creature that maxine waters truly is.
bump
Rush just said that this video has been taken down.
Rush is wrong.
That’s the one Rush played yesterday, yes...wonder why he thought it was taken down.
The pubs did nothing then out of fear of being called rascists. They need to stop being afraid of that because they know its not true. What are they afraid of? losing support of the black community!
Good stuff.
Bookmark for later.
Yes, it's the same. Both are from "Naked Emperor News":
Here is their youtube page:
http://www.youtube.com/user/NakedEmperorNews
However, the one I posted is still there and working.
Good, I am glad Rush was wrong, we need that video posted everywhere.
BUMP!
Tim Howard - Was the Chief Financial Officer of Fannie Mae. Howard "was a strong internal proponent of using accounting strategies that would ensure a "stable pattern of earnings" at Fannie. In everyday English - he was cooking the books. The Government Investigation determined that, "Chief Financial Officer, Tim Howard, failed to provide adequate oversight to key control and reporting functions within Fannie Mae," On June 16, 2006, Rep. Richard Baker, R-La., asked the Justice Department to investigate his allegations that two former Fannie Mae executives lied to Congress in October 2004 when they denied manipulating the mortgage-finance giant's income statement to achieve management pay bonuses. Investigations by federal regulators and the company's board of directors since concluded that management did manipulate 1998 earnings to trigger bonuses. Raines and Howard resigned under pressure in late 2004.
Howard's Golden Parachute was estimated at $20 Million!
Jim Johnson - A former executive at Lehman Brothers and who was later forced from his position as Fannie Mae CEO. A look at the Office of Federal Housing Enterprise Oversight's May 2006 report on mismanagement and corruption inside Fannie Mae, and you'll see some interesting things about Johnson. Investigators found that Fannie Mae had hidden a substantial amount of Johnson's 1998 compensation from the public, reporting that it was between $6 million and $7 million when it fact it was $21 million." Johnson is currently under investigation for taking illegal loans from Countrywide while serving as CEO of Fannie Mae.
Johnson's Golden Parachute was estimated at $28 Million.
WHERE ARE THEY NOW?
FRANKLIN RAINES? Raines works for the Obama Campaign as Chief Economic Advisor
TIM HOWARD? Howard is also a Chief Economic Advisor to Obama
JIM JOHNSON? Johnson hired as a Senior Obama Finance Advisor and was selected to run Obama's Vice Presidential Search Committee
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