The crooks…Fannie Mae and Freddie Mac
$66 Billion was stolen from the American taxpayers and given to the crooks who were running the federal entitled Fannie Mae and Freddie Mac (F&F) and the others. F&F were telling the big banks that they had to lend money to people with bad credit.
Who are the crooks?
Franklin D. Raines (advisor to Obama) at least $50 million made from F&F.
Jamie Gorelick (Vice Chairman of Fannie) with a income of $26 million
Jim Johnson (Also an Obama advisor) Millions
Barack Obama himself got $120,340.00 from Fannie.
Did this happen all of a sudden? NO! We were WARNED…YES
2003: President Bush said F&F were in a crisis and asked Congress to do something immediately. Congressman Barney Frank (D) said F&F were doing great and not near crisis.
2005: Allen Greenspan (head of the Federal Reserve) said that F and F were in a crisis and something must be done. John McCain sponsored a bill to take action. The bill was filibustered by the Democrats. ALL OF THE DEMOCRATS voted against trying to fix F&F and all of the Republicans voted in favor of trying to fix it. Senator Charles Shummer D-NY said F&F were doing a good job.
Thank goodness the FBI is FINALLY getting involved.
What is the solution….the $700 billion bail out? Not so fast. There are other things that need to be done along with helping prevent us from going into a depression. Listen to Newt Gingrich and Mike Huckabee, they have good solutions that also need to be incorporated.
If Barack Obama doesn’t end up going to jail for accepting so much money yet voting to protect the corruption of F&F and by helping to run ACORN the corrupt organization bought off by Fannie Mae (ACORN stands for The Association of Community Organization for Reform Now) and gets elected he wants to have the government own all of the homes under foreclosure and let them become welfare homes…people given them and paid for by tax payers.
Vote for John McCain…he is the one who has been trying since 2005 to put a stop to this big corrupt DEMOCRAT run F&F.