One years in the making.
Forcing financial institutions to make bad loans using ACORN,political correctness,the race card,and a feckless President Bush made said institutions cover their loses by bundling bad paper with good and then selling them for a profit to corrupt GSEs like Fannie and Freddie (government sponsored enterprises)where from the beginning the taxpayer was the collaterall.
From Jimmy Carter to Barney Frank,it has been a well played leftist silent coup intended to enslave Americans to socialist tyranny by putting government in control of the once free markets—or the economy,if you wish—control the money and you control those who rely on it—Leninism 101.
When the GOP let the above happen by abandoning their conservative base they abandoned America and the US Constitution as well because they wanted to be “popular” with the MSN and Hollywood.Sick,shallow and seditious became the Republican paradign.
Now only a “popular” uprising supported by the only constitutional right left with bite—the 2nd—may save the America that counts.
I believe Soros and his billions had something to do with the stock market melt down. It’s not that hard to do with that much money. Bob Brinker has been talking about slash and burn tactics that hedge funds have been employing.
Remember how the high cost of oil/gas put the kibosh on the economy right after the dems took control of Congress? It was a guarantee that there would be no movement on drilling our own oil and gas for at least 2 years.
Fannie Mae, Freddie Mac and CRA we know about.
Chuck Schumer's letter regarding Indymac Bank.
Harry Reid's pronouncement about "the very large insurance company" about to go belly up.
Rush has as much of a grasp of economics as mccain. It has been nearly two years since the peak of ARM,s foreclosures.
It’s clear, as every post in this thread reflects, that this was no coincidence.
You may be correct. We will see...if 0 starts banning free speech (fairness doctrine) and grabbing guns it will be time.