YouTube - Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis

And Fox is right on the money yet again...

YouTube - Timeline shows Bush, McCain warning Dems of financial mess

Go Fox! Excellent!

Does anyone know which party controlled the White House and the legislative branch during the period of time 2000 to 2006?

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Ana
The Republicans have been putting lipstick on a pig for 8 years. Is a pitbull wearing lipstick an attempt to keep us from noticing the pig?

But no. .. No. . .NO!!! It was the Repubs that have the most mud on their hands! Haven't you read anything in this forum?!! Those Repubs are just evil. . .

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"No one believes more firmly than Comrade Napoleon that all animals are equal. He would be only too happy to let you make your decisions for yourselves. But sometimes you might make the wrong decisions, comrades, and then where should we be?"
- George Orwell Animal Farm

The Repubs. . .but guess who killed any reform . .uh. .. Barney Frank.

In 2002, shortly before accounting irregularities were exposed at both companies, Frank said, "I do not regard Fannie Mae and Freddie Mac as problems," The Wall Street Journal reported. After the Freddie Mac accounting scandal in 2003, Frank said, "I do not think we are facing any kind of a crisis."

But there was a crisis, thanks in large part to Frank, Sen. Charles Schumer and others on the leash of these companies. In Congress, they made sure there was no additional oversight, no additional limit on executive behavior and compensation, and no further restraint on the growth of the companies' mortgage-backed-securities portfolios, among other changes.

In fact, Frank & Co. made matters worse by pushing Fannie Mae and Freddie Mac to take on greater risk. They wanted more loans to people who might not qualify for traditional bank financing. And, as The Wall Street Journal has pointed out, Frank "pressured regulators to ease up on their capital requirements -- which now means taxpayers will have to make up that capital shortfall."

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"No one believes more firmly than Comrade Napoleon that all animals are equal. He would be only too happy to let you make your decisions for yourselves. But sometimes you might make the wrong decisions, comrades, and then where should we be?"
- George Orwell Animal Farm

So Congressman Frank, as ranking minority member, can prevent reform legislation from leaving the committee?

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Ana
The Republicans have been putting lipstick on a pig for 8 years. Is a pitbull wearing lipstick an attempt to keep us from noticing the pig?

He didn't prevent it from leaving commitee. I edited my post. The Repubs didn't have enough votes to pass it though. He certainly did his best to kill it. . .and he did.

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"No one believes more firmly than Comrade Napoleon that all animals are equal. He would be only too happy to let you make your decisions for yourselves. But sometimes you might make the wrong decisions, comrades, and then where should we be?"
- George Orwell Animal Farm

Here's a fabu one for ya..dayum the truth can be PAINFUL!



YouTube - Burning Down The House: What Caused Our Economic Crisis?

Perhaps so but the posted video contains very little truth. IMO most of us are willing to concede that there is blame enough to go around for each party but that 9 minutes of misinformation isn't useful to either side of the argument.

Read the following for an idea of how the republican party and it's misguided "belief" in deregulation carries just as big a burden for the mess we are in as any of the democratic whipping boys mentioned in the video.

Entire article at:


http://www.nytimes.com/2008/09/27/bu...=1&oref=slogin

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Ana
The Republicans have been putting lipstick on a pig for 8 years. Is a pitbull wearing lipstick an attempt to keep us from noticing the pig?

nytimes...LOL! ok!

The regulatory failures started with Carter & were escalated with Clinton..escalated to the dangerous situation we are now experiencing.

Bottom line, They FORCED banks into lending to minorities that didn't have the means to pay! They were threatened with lawsuits if they didn't..and barry was with the firm doing the suing!

NY Times is much more a mainstream media source than either Fox or something called the mouthpiece(lol)

Oh please..here's a perfect example of that!

YouTube - Glenn Beck's Real Story - How the Liberal Media Works

Perfect example of that!
"Leader in Documenting, Exposing and Neutralizing Liberal Media Bias,"
Media Research Center Home Page - 9/29/2008 8:38:27 AM

I have to admit that I'm a Republican BUT

I think both parties have crooked people in them. We should have term limits so people can't be in office too long and then owe FAVORS. These favors always seems to cost the taxpayer more money.

About the financial mess we are in, both parties have some blame. So how should it be fixed is the question. Stop pointing the finger and start working on the problem.

These people are not financial experts. They should not be trying to solve the problems. I am scared to death at what they are going to come up with. Throwing funny money at the problem is not the answer in my opinion. (But I'm not a financial expert)

OH no..I will NOT stop bringing it to anyone & everyones attention I can, Clinton was as dirty as they got, the crap he pulled off during his presidency will harm this nation for decades to come.

Excellent post. I agree, most thinking Americans know that the longer you are in office, the more opportunity to become corrupt. There should be terms limits.

Oh and by the way you sound reluctant to admit you are a Republican. Well that is easily fixed. JK.... or am I???

This sounds like a consession admitting that the F&F is indeed due to corruption & the majority of that corruption came from the democrat side. Starting with your cream dream Bill!