THE DEMOCRATS SCAM AMERICA!.
This video (below) shows excerpts from a hearing to investigate Fannie Mae and Freddie Mac’s illegal bookkeeping practices that was held in 2004.
Representative Richard Baker, (R), Louisiana, Chairman of Government Sponsored Enterprises Subcommittee said, “It is a troubling report but a report of extreme importance, not only to those who wish to own a home, but to the taxpayers of this country who would pay the cost of the clean-up of an enterprise failure.”
Maxine Waters (D), said, “…..trying to fix something that wasn’t broke. We do not have a crisis at Freddie Mac and particularly Fannie Mae under the outstanding leadership of Mr. Frank Raines.” Notice how they cover for each other. She continues, praising the use of innovative financing from “desk top loans to 100% financing.”
And Representative Meeks (D) is “pissed off” because they are bringing these activities up and he is berating those who were trying to get some accountability, and particularly the OPHEO Chairman, Armondo Falcon.
And then you have Mr. Lacy Clay (D) who plays the race card, calling the investigation of the illegal activity by Frank Raines, Fannie’s CEO, a political lynching.
And remember Franklin Raines? The very same Franklin Raines who is a financial advisor for the Obama campaign and who walked off from Fannie Mae with a $22 million dollar severance package.
I mean, just play the video because there is much more “in their own words” verification of what has actually caused this financial crisis for which some $700 billion dollars of taxpayer money is now being requested to bail out our country from financial ruin.
I cannot even say how bad this is.
For starters, I think they should go after every single asset of these people on this video who are speaking against the attempt to avert this crisis. We know who they are and we know where to find them. In fact, some have been brazenly making appearances on the national media lately trying to blame republicans for this mess.
Things do have a way of disappearing…..
So Note: 01.03.12 – This video can be seen at http://www.youtube.com/watch?v=ebWJ892h5dA
Barney Frank (D) and Chris Dodd (D) are major players at fault. This is so disgusting. How do you know when Chris Dodd is lying? So absolutely disgusting.
More verification in this presentation below: