Posted on 09/02/2011 5:50:11 PM PDT by Hojczyk
In his early activist days, Barack Obama the community organizer sued banks to ease their lending practices. Now his administration is suing banks for issuing risky mortgages.
State Sen. Barack Obama and Fr. Michael Pfleger led a protest in Chicago in January 2000. (NBC 5 Week of January 3, 2000)
Breaking on FOX News The Federal Housing Finance Agency announced late this afternoon that it had sued 17 large banks for risky mortgages. The Street reported:
The Federal Housing Finance Agency announced Friday afternoon that it had sued 17 large banks, alleging violations of federal securities laws in the sale of mortgage-backed securities to government-sponsored enterprises, including Fannie Mae (FNMA), Freddie Mac (FMCC).
According to a Reuters report, the FHFAs suit was related to $41 billion in mortgage-backed securities issued by the 17 banks.
Bloomberg reported that the FHFA sued to recover losses on $6 billion in mortgage-backed securities packaged by Bank of America (BAC), $24.8 billion in securities originally packaged by Merrill Lynch, and $3.5 billion originally pac
“It’s where the money is.” — Willie Sutton
Maybe he should ask why Barney Fwank opposed Bush investigating F&F.
The Democrats took power, their benefactors got wealthy, and America got punk’d.
Google the sordid story of Herb and Marion Sandler of Golden West Financial. The Madoff’s that got away.
So it was in Chicago...so it is in the USA!
A lying narcissistic hypocrite does what a lying narcissistic hypocrite will always do. =.=
It is rumored he allegedly attended Yale, and allegedly was a Yale Law Revue editor. Allegedly, he taught constitutional law uhhh . . . somewhere.
Reportedly, he attended college somewhere out west, and he allegedly spent a year working for a private law firm (behind "enemy lines," as he described it).
Before that, he allegedly lived in Indonesia with his step father who was marriaed to a women who was allegedly his mother.
And, before that, he was allegedly born . . . uhhh . . . somewhere.
Simply believable (I’d say unbelievable, but with this President, everything is backwards).
I was just thinking about this today when I heard the news on the radio.
This “lawsuit” by the Kommie Kiddies in D.C. is bull****! THEY forced the banks into this crap with their commie threats. If the commies want to sue somebody, the need to sue Bahknees Frank, Dodd and the DNC. Throw in the aCLU and NAACP for good measure. They are the sorry bass turds who caused this. They shouldn’t be pointing their stinky little crooked fingers at the banks.
Obama’s jaw-dropping chutzpah: first coercing bankers to make unsound loans to people manifestly unable to repay, then suing them for making unsound loans to people manifestly unable to repay,
Obama has so many failures that we don’t have to make them up. The Banks aren’t being sued for making the loans, they are being sued for lying about the quality of the mortgages that they resold.
Just as passing the debt ceiling was a failure of leadership when Baraq was a US Senator, and a great thing when he is POTUS.
A cheerleading squad populating the MSM means never having to say you’re stunningly inconsistent.
Dread of night. Dread of not-night.
Franz Kafka
Actually he allegedly attended Harvard where he was allegedly President of the Harvard Law Review where he was allegedly the first person to ever hold that position to allegedly never have an essay published, allegedly.
Well they have to sue, the alternative would be to accept the concept that actions have consequences.
They are the cheapest greediest Libs ever known.
Oh, was it Harvard?
I stand corrected.
Yale grads will be relieved to hear this.
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