Folks you do not get it. Fannie Mae and Freddie Mac are 90% of the cause of this problem. You have witness over the past 2 months the greatest robbery and mugging in history.
It was a coordinated attack by our friends who destroyed Fannie & Freddie, bailed with $500 million in compensation over 9 execs, followed by picking off one financial company at a time - Countrywide, Indy Mac, Bear, AIG, Lehman, WAMU, Wachovia and on and on. Wall Street is not perfect but they were almost more a victim then a perp. Fannie and Freddie were the perps. Hedge funds were turning on their lenders like Bear and Lehman. Paulson and Chris Cox at SEC were way behind the curve. The hedge funds then turned on their lenders Goldman Sachs and Morgan Stanley and they begged the SEC to save them because the hedge funds (shorts) were all over Goldman and Morgan Stanley. Even the Wall Street investment banks had no clue on how to deal with this coordinated attack.
My guess is this was planned. Our friends trashed Freddie and Fannie and handed out trillions in loans, the plan was to trash the financial system and blame it on the Republicans. Who did it? Soros, hedge funds shorting, backed by offshore money, the Chicago Options Exchange (controlled by allies of Obama including Rham Emmanuel), and others. They made tens and maybe hundreds of billions.
$500 million for Obama’s campaign with a lot from offshore credit cards? No problem.
Their gain?
Saudis get to maintain us as energy serfs even though we have FOUR times the Saudis reserves in shale oil, coal diesel and North Dakota oil which we can get at $30 a barrel. The problem is much is on govt land and by (Dems) laws - we cannot get to it.
Hundreds of billions looting you 401K.
Who got blamed?
We did - Republicans. The guys in a House could not stand up to this. The longer it dragged on, the more McCain slipped in the polls. Our guys had a gun to their head and the public was back the criminals behind it (the Dems). The avg American just wanted it “fixed.” No one has a clue on what really happened. No one could believe it but it happened. This is not tin foil hat stuff either. Where is Obama getting $500 million in campaign cash? Why is a CAIR lawyer defending him in the Berg birth certificate case?
If Obama wins it will be far worse. ACORN and CAIR will be running our elections.
Donate and volunteer for McCain-Palin 2008. We can fight with Pres. McCain after the election.
“...Folks you do not get it. Fannie Mae and Freddie Mac are 90% of the cause of this problem...”
There are a few who get it. You are correct. We “bailed out the boat, but didn’t patch the hole.” (Mike Huckabee - his show was pretty good.)