[LucyT]

Thanks, Ernest. Where’s the outrage?

[Excerpted]

The collapse of mortgage giants Fannie Mae and Freddie Mac were key elements in the financial meltdown of 2008.

It’s no secret that Democrats under Bill Clinton had used both organizations as personal piggybanks to reward loyal friends.

Note: President Bush put a stop to such gross patronage during his Administration.

But what continues to go largely unreported is the role that White House Chief of Staff Rahm Emanuel played at Freddie Mac and the compensation he earned for showing up for board meetings six times a year. Later, as a candidate for congress Emanuel received more in campaign contributions from Freddie Mac than any other candidate.

On Emanuel’s watch, the board was told by executives of a plan to use accounting tricks to mislead shareholders about outsize profits the government-chartered firm was then reaping from risky investments.

The accounting scandal wasn’t the only one that brewed during Emanuel’s tenure.

[Ernest_at_the_Beach]

Just in case you haven't seen this one:

Dodd's Wife a Former Director of Bermuda-Based IPC Holdings, an AIG Controlled Company

[azishot]

Thanks for the ping, LucyT.

You asked, “Where’s the outrage?” I know conservatives are outraged but I don’t see any Republicans running to a microphone to express “outrage.”

Do any of them have something to hide? Just asking....

[1COUNTER-MORTER-68]

And nobody went to Jail ???,,,:0/,,,Ya’Rite!!!

[Candor7]

Yes, Freddie and Fannie mangagers were at the root of the Financial crisis. And the Dems are caterwalling and pointing their shite covered fingers at Wall Street Bankers. Talk about diverting attention away from the real crooks!

Its a riot!

The foudation of the crisis rests with the Senators of 5 states which had the fannie / freddie subprime mortgage rails greased with Dem/RINO porkers:

Florida,Wisconsin, Colorado,Arizona,Nevada.

Harry Reid and McCain were in the thick of it.

Those states represent the crux of the mortgage crisis, with Nevada havinga 48% residential mortgage default rate. Harry has this all over him, he is covered in stink.So is McCain.

This is why the Dem party is gonna get those "nasty" bankers!

The fault rests squarely with 10 Senators who pushed the subprime mortgage fiasco in their respective states.Harry Reid is the worst of them. They did this by pushing banks to get on the Fannie Freddie subprime wagon, and the Fannie /Freddies made banks take the "bad" mortgages in order to get the good ones. Oone can hardly blame "Wall Street."

Of course these senators will not be held "accountable." If the truth were widely known, they would be turfed from office.

Solve the mortgagage crisis in those 5 states, and there would be no mortgage crisis. Solve it by getting rid of the Senators who pushed it.

Then close down Fannie/Freddie, and set up a new agency without any political input anywhere, and for heavens sakes, Get rid of Barney Franks.He and his live in Fannie / Freddie Mgr. lover were responsible for a great part of the mess.

Yes indeedy. Get those Bankers, the dirty rats. LOL.

The same kind of sub prime mortgages continue to be written as we speak.