The New Chair of the Financial Services Committee, Barney Frank, talked about his agenda with Politics TV Barney Frank, the first day of the 110th Congress, first day, January 4th, 2007.
video source Limbaugh show
Barney Frank:
We can’t continue to have economic growth that is concentrated in the hands of a few. In America we are becoming more and more unequal. Some inequality is necessary for a capitalist system but we’ve gone way beyond that, and the average working person, we’re talking 80% of the population has seen an erosion in his or her economic position rather than advance. Specifically, I hope to deal in part with the housing crisis, by the way. The committee that I’ll be chairing that has jurisdiction over housing and we hope very much to do an increase in the housing stock, so housing becomes affordable both for low-income people but also for people in the moderate income range.
I do believe that it’s time for us to rein in these outrageous corporate CEO settlements in the hundreds of millions of dollars. It’s reached a point where it’s not simply envy that makes us upset about them. When Lee Raymond retires from ExxonMobil and gets $400 million and then that company stiffs its pension fund, we’re talking about a real economic consequence. You cannot pay a handful of people so many billions of dollars and not have it impinge on what’s available for other people. We’ll be addressing that.
Wild Thing’s comment………..
He wants to increase housing stocks, is that what I heard him say? Cookie had a rush job on this audio. We didn’t have time to transcribe it all. But here you go. “I hope to deal with the housing crisis so that housing becomes affordable for low-income people.” This was his goal. What has happened was his goal, meaning getting a bunch of people into houses who couldn’t afford the mortgages.
Barney Frank on the first day of this Congress laid out the agenda, and he’s got it! He’s got his collapse.
Victor Davis Hanson is right. You keep sending these same people back there, you deserve ’em.
Just like in New Orleans what did they do? They re=elected NAGIN. Helloooo!!!!!!
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“This was all caused by Democrats in government! If there were a Republican to blame, he would have been found and he would be in jail, or his life would be ruined as the result of never-ending congressional hearings. We have to continue to identify, to expose and punish the politicians who are responsible for undermining the market with political demands for risky loans to risky borrowers — and they used the power of their positions to force this. “
“In the first place they were created and they were hailed as a way of helping people buy homes who didn’t have the income to buy homes. Jimmy Carter, Bill Clinton took credit for this when they did it but they are evading responsibility for it now, and the house of cards has collapsed and Clinton’s even out there on Good Morning America (while dropping neutron bombs on Obama, by the way) suggesting that he did everything he could to get this whole thing fixed. He’s the architect of this! And it must be said over and over.”— Rush Limbaugh quote
The details of McCain’s health are contained in 1,173 pages of medical documents spanning 2000 to 2008 that his campaign made available to the Associated Press to make the case that he’s healthy enough to serve as president, as well as to counter the notion that he’s too old. McCain will turn 72 in August and would be the oldest elected president.
Among other medical issues outlined in the reports, McCain is praised for his cardiovascular fitness, described as “considerably younger physiologically” by a doctor after his performance on a heart stress test this year.
CBC’s Henry Champ said the report is good news for McCain.
“All in all, I would say at a minimum that is an ‘A’ grading,” Champ said, “and most people will be content to accept that he is healthy for the job.”
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Wild Thing’s comment……….
Yes they are doctors but I would not go to a doctor that did not examine me and then put out some kind of a press release or video like this about my health. So Yesss to me they are BS doctors and dangerous as well to any patient that would even go to people like this.
Would someone remind me about the health records we got on “I never had sex with that women” Bill Clinton I don’t remember his ever showing anything to the public in 8 years.
How about records of Hillary’s health?
HOW ABOUT OBAMA’S?? The presidential candidate who hasn’t released his medical records is Obama, not McCain so I’m not sure why this guy is calling out for his medical records to be released. Does he have long-term effects from hard drug usage in past years?
Way to go, Ploufe and Axlerod! Imply that anyone over 70 has one foot in the grave, or (at least) Alzheimer’s.
That line of attack ought to play REALLY WELL to the gray panther set.
Oh, and don’t forget that seniors have one “affliction” that the youngsters don’t seem to be bothered with… they VOTE consistently.
I think McCain’s 96 year old alert, sharp mom, should smack the crap out of this guy.
What a pathetic attempt to attack an honored Veteran of the USA.
Now let’s check out this Noah Craft, M.D. shall we.
Let’s start first with his website Noah Craft, M.D.
So he is a doctor at the David Geffen School of Medicine at UCLA.
This idiot doctor diagnosed a patient without actually seeing, talking to, or examining that patient. Or without the blood tests and CAT scans or MRI’s.
Certifications:
Medical Board Certification: Dermatology, American Board of Dermatology, 2005
Soooo this doctor has forgotten that he’s only a dermatologist!
The Geffen connection is interesting. ( he is gay and has made his money in Geffen records,, American record executive, film producer, theatrical producer and philanthropist.etc)
The “Gay Mafia” is rather quietly playing a larger and larger role in Democratic politics.
They were one of the earliest groups behind Kerry, not because Kerry was gay, but because they saw him as the most gay-friendly of the dem candidates.
They were rather quietly, but hugely behind Hillary.
And Obama and his wife have catered big time to them and to their causes.
http://www.alceehastings.house.gov/ Florida congressman points to Palin to rally Jews to Obama
Rep. Alcee Hastings denounced hunters and gun owners as racists and anti-Semites, and by implication beer-swilling NASCAR-watching pickup-truck-driving redneck white trash. This is consistent with Obama’s own description of Pennsylvanians as “bitter” small down people who “cling to guns and religion,” and the common reference to working people as “white trash” on Obama’s own Web site.
Rep. Alcee Hastings told an audience of Jewish Democrats Wednesday that they should be wary of Republican VP nominee Sarah Palin because “anybody toting guns and stripping moose don’t care too much about what they do with Jews and blacks.”
Rep. Alcee Hastings told an audience of Jewish Democrats Wednesday that they should be wary of Republican VP nominee Sarah Palin because “anybody toting guns and stripping moose don’t care too much about what they do with Jews and blacks.”
“If Sarah Palin isn’t enough of a reason for you to get over whatever your problem is with Barack Obama, then you damn well had better pay attention,” Rep. Alcee Hastings of Florida said at a panel about the shared agenda of Jewish and African-American Democrats Wednesday. Hastings, who is African-American, was explaining what he intended to tell his Jewish constituents about the presidential race. “Anybody toting guns and stripping moose don’t care too much about what they do with Jews and blacks. So, you just think this through,” Hastings added as the room erupted in laughter and applause.
After telling attendees that the most important thing Jewish and African-American Democrats could do to support one another was to get Sen. Barack Obama elected president, Hastings had one more message: “For those of you like me that supported Sen. Hillary Clinton, she lost! Get over it!”
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Alcee Hastings Impeached Federal Judge
Congressional Rep. Alcee Hastings was a federal Judge.
In 1989 Democratic Rep. John Conyers served as the chairman of the House Judiciary subcommittee that investigated Hastings who was charged with taking bribes.
Conyers and the subcommittee unanimously recommended that Hastings be impeached. The charges were heard by the House and they voted 413 to 3 to impeach Hastings.
Conyers went on to serve as one of the House impeachment managers who successfully argued before the Senate that Hastings should be convicted and removed from office.
Hastings was stripped of his position as a federal judge for conspiring to extort a $150,000 bribe in a case before him, repeatedly lying about it under oath and manufacturing evidence at his trial.
In 1992 Hastings was then elected to serve in the same Congress that impeached him.
In 1999 he made a run for Governor but didn’t get very far.
Wild Thing’s comment……..
OOPS on Hastings…… He must have forgot………Joe Biden having stated he owns at least two shotguns for Hunting is a RACIST and ANTI-SEMITE???
LMAO this guy is nuts and soooo filled with hate it just oozes out of his ugly ass face. Hey Hastings you are such a GREAT example of the kind of low life that supports B. Hussein Obama.
ILLEGAL ALIENS & THE MORTGAGE MESS New York Post
by Michelle Malkin
AS panicked politicians prepare to fork over $1 trillion in taxpayer funding to rescue Wall Street, they’ve fingered regulation, deregulation, Fannie Mae and Freddie Mac, the Community Reinvestment Act, Jimmy Carter, Bill Clinton, both Bushes, greedy banks, greedy borrowers, greedy short-sellers and minority-home-ownership promoters for blame.
But there’s one villain that has slipped notice: how illegal immigration, crime-enabling banks and open-borders Bush policies fueled the mortgage crisis. It’s no coincidence that the areas hardest hit by the foreclosure wave – Loudoun County, Va., California’s Inland Empire, Stockton and San Joaquin Valley, and Las Vegas and Phoenix – also happen to be some of the nation’s largest illegal alien sanctuaries. Half of the mortgages to Hispanics are subprime. A quarter of all those subprime loans are in default and foreclosure.
Regional reports across the country have decried the subprime meltdown’s impact on illegal-immigrant “victims.” A July report showed that in seven of the 10 metro areas with the highest foreclosure rates, Hispanics were at least one-third of the population; in two of those areas – Merced and Salinas-Monterey, Calif. – Hispanics comprised half the population. The National Council of La Raza and its Development Fund have received millions in federal funds to “counsel” their constituents on obtaining mortgages with little to no money down; the group almost succeeded in attaching a $10 million earmark for itself in one of the housing bills passed this spring.
For the last five years, I’ve reported on the rapidly expanding illegal-alien home-loan racket. The top banks clamoring for their handouts as their profits plummet, led by Wachovia and Bank of America, launched aggressive campaigns to woo illegal-alien homebuyers. The quasi-governmental Wisconsin Housing and Economic Development Authority guaranteed home loans to illegal immigrants.
The Washington Post noted in 2005: “Hispanics, the nation’s fastest-growing major ethnic or racial group, have been courted aggressively by real-estate agents, mortgage brokers and programs for first-time buyers that offer help with closing costs. Ads proclaim: “Sin verificacion de ingresos! Sin verificacion de documento!” – which loosely translates as, ‘Income tax forms are not required, nor are immigration papers.’ ”
Fraudsters also have engaged in house-flipping rings using illegal aliens as straw buyers. Among many examples the FBI cites: a conspiracy in Las Vegas involving a former Nevada First Residential Mortgage Company branch manager who directed loan officers and processors in the origination of 233 fraudulent Federal Housing Authority loans valued at over $25 million. The defrauders made and submitted false employment and income documentation for borrowers; most were illegal immigrants from Mexico. To date, the FBI reported, “Fifty-eight loans with a total value of $6.2 million have gone into default, with a loss to the Housing and Urban Development Department of over $1.9 million.”
It’s the tip of the iceberg. Thanks to lax Bush administration policies allowing illegal aliens to use “matricula consular cards” and taxpayer-identification numbers to open bank accounts, mortgage fraud has grown. Money-lenders still have no access to a verification system to check Social Security numbers before approving loans.
In an interview about rampant illegal-alien home-loan fraud, a spokeswoman for the US General Accounting Office told me five years ago: “Considering the size of Los Angeles, New York, Chicago, Houston and other large cities throughout the United States known to be inundated with illegal aliens, I don’t think the federal government is willing to expose this problem for financial reasons as well as for fear of political repercussions.”
The chickens are coming home to roost. Law-abiding taxpayers are going to pay for it.
Wild Thing’s comment………
And the American taxpayers are forced to subsidize the support of illegal aliens once again!
Illegals weren’t the sole cause but they damned sure were a warning sign and some of us screamed loud and often about it. We were called racist, nativist, socialists, conspiracy theorists, and anti capitalists.
And where are the name callers now?
Screaming that the world will end if we don’t give these banks money to pay for the disaster that wasn’t going to happen.
The saddest thing about the entire bailout is that the history is being ignored, how we got here is ever so important!
The illegals/and lending to those who had no right borrowing, are a huge part of it as is the fact that several times the rats voted down bills to solve the problem earlier. But, no on will talk about it.
Illegal aliens – The gift that keeps on giving.
GRRRRRRRRRRR
They gave your mortgage to a less qualified minority
by Ann Colulter Ann Coulter .com
On MSNBC this week, Newsweek’s Jonathan Alter tried to connect John McCain to the current financial disaster, saying: “If you remember the Keating Five scandal that (McCain) was a part of … He’s really getting a free ride on the fact that he was in the middle of the last great financial scandal in our country.”
McCain was “in the middle of” the Keating Five case in the sense that he was “exonerated.” The lawyer for the Senate Ethics Committee wanted McCain removed from the investigation altogether, but, as the New York Times reported: “Sen. McCain was the only Republican embroiled in the affair, and Democrats on the panel would not release him.”
So John McCain has been held hostage by both the Viet Cong and the Democrats.
Alter couldn’t be expected to know that: As usual, he was lifting material directly from Kausfiles. What is unusual was that he was stealing a random thought sent in by Kausfiles’ mother, who, the day before, had e-mailed: “It’s time to bring up the Keating Five. Let McCain explain that scandal away.”
The Senate Ethics Committee lawyer who investigated McCain already had explained that scandal away – repeatedly. It was celebrated lawyer Robert Bennett, most famous for defending a certain horny hick president a few years ago.
In February this year, on Fox News’ “Hannity and Colmes,” Bennett said, for the eight billionth time:
“First, I should tell your listeners I’m a registered Democrat, so I’m not on (McCain’s) side of a lot of issues. But I investigated John McCain for a year and a half, at least, when I was special counsel to the Senate Ethics Committee in the Keating Five. … And if there is one thing I am absolutely confident of, it is John McCain is an honest man. I recommended to the Senate Ethics Committee that he be cut out of the case, that there was no evidence against him.”
It’s bad enough for Alter to be constantly ripping off Kausfiles. Now he’s so devoid of his own ideas, he’s ripping off the idle musings of Kausfiles’ mother.
Even if McCain had been implicated in the Keating Five scandal – and he wasn’t – that would still have absolutely nothing to do with the sub-prime mortgage crisis currently roiling the financial markets. This crisis was caused by political correctness being forced on the mortgage lending industry in the Clinton era.
Before the Democrats’ affirmative-action lending policies became an embarrassment, the Los Angeles Times reported that, starting in 1992, a majority-Democratic Congress “mandated that Fannie and Freddie increase their purchases of mortgages for low-income and medium-income borrowers. Operating under that requirement, Fannie Mae, in particular, has been aggressive and creative in stimulating minority gains.”
Under Clinton, the entire federal government put massive pressure on banks to grant more mortgages to the poor and minorities. Clinton’s secretary of housing and urban development, Andrew Cuomo, investigated Fannie Mae for racial discrimination and proposed that 50 percent of Fannie Mae’s and Freddie Mac’s portfolio be made up of loans to low- to moderate-income borrowers by the year 2001.
Instead of looking at “outdated criteria,” such as the mortgage applicant’s credit history and ability to make a down payment, banks were encouraged to consider nontraditional measures of credit-worthiness, such as having a good jump shot or having a missing child named “Caylee.”
Threatening lawsuits, Clinton’s Federal Reserve demanded that banks treat welfare payments and unemployment benefits as valid income sources to qualify for a mortgage. That isn’t a joke – it’s a fact.
When Democrats controlled both the executive and legislative branches, political correctness was given a veto over sound business practices.
In 1999, liberals were bragging about extending affirmative action to the financial sector. Los Angeles Times reporter Ron Brownstein hailed the Clinton administration’s affirmative-action lending policies as one of the “hidden success stories” of the Clinton administration, saying that “black and Latino homeownership has surged to the highest level ever recorded.”
Meanwhile, economists were screaming from the rooftops that the Democrats were forcing mortgage lenders to issue loans that would fail the moment the housing market slowed and deadbeat borrowers couldn’t get out of their loans by selling their houses.
A decade later, the housing bubble burst and, as predicted, food-stamp-backed mortgages collapsed. Democrats set an affirmative-action time bomb, and now it’s gone off.
In Bush’s first year in office, the White House chief economist, N. Gregory Mankiw, warned that the government’s “implicit subsidy” of Fannie Mae and Freddie Mac, combined with loans to unqualified borrowers, was creating a huge risk for the entire financial system.
Rep. Barney Frank denounced Mankiw, saying he had no “concern about housing.” How dare you oppose suicidal loans to people who can’t repay them! The New York Times reported that Fannie Mae and Freddie Mac were “under heavy assault by the Republicans,” but these entities still had “important political allies” in the Democrats.
Now, at a cost of hundreds of billions of dollars, middle-class taxpayers are going to be forced to bail out the Democrats’ two most important constituent groups: rich Wall Street bankers and welfare recipients.
Political correctness had already ruined education, sports, science and entertainment. But it took a Democratic president with a Democratic Congress for political correctness to wreck the financial industry.
OH and one more thing I just saw this photo of Ann, I thought you might like to see it.
Wild Thing’s comment………. “A decade later, the housing bubble burst and, as predicted, food-stamp-backed mortgages collapsed. “
I love how she puts things .
Ann coulter BRILLIANTLY (again) lays out the facts that it was DEMOCRAP policies that caused this mess.
Obamarama should be SCARED S***LESS that this will be made public.
I wish they would READ this on FOX and put it on the front of every newspaper!!!!
Reid to McCain: Don’t Come Back to Capitol abc news
A Democrat tells ABC News that, in a phone call late this afternoon, Senate Majority Leader Harry Reid, D-Nev., told Sen. John McCain, R-Ariz., that it would NOT be helpful for him to come back to Washington, D.C., to work on the Wall Street bailout bill.
McCain this afternoon suspended his campaign and said he would skip the first presidential debate in order to return to Capitol Hill to work on the log-jammed Bush administration legislation, which, as of Wednesday afternoon, was in peril.
McCain had phoned Reid to ask about the prospects of him, Sen. Barack Obama, D-Ill., and others to sit down and work together on hammering out a bipartisan proposal.
“Sorry,” Reid said to him, a Democrat close to Reid says.
Reid then read McCain the statement he had just put out:
“This is a critical time for our country,” says the Reid statement. “While I appreciate that both candidates have signaled their willingness to help, Congress and the administration have a process in place to reach a solution to this unprecedented financial crisis. I understand that the candidates are putting together a joint statement at Sen. Obama’s suggestion. But it would not be helpful at this time to have them come back during these negotiations and risk injecting presidential politics into this process or distract important talks about the future of our nation’s economy. If that changes, we will call upon them. We need leadership; not a campaign photo op. If there were ever a time for both candidates to hold a debate before the American people about this serious challenge, it is now.”
Wild Thing’s comment……………
McCain is a sitting senator!!!! What right does this Harry Reid character to tell McCain he shouldn’t come back. It was the Dem’s who caused all this in the first place!
Red is ticked, his vacation plans are being messed up.LOL
McCain could always remind Reid that McCain, Obama, and Biden are all accepting paychecks for doing the work of the Senate.
Hey Harry they need you in Las Vegas they are bankrupt!
McCain has really smoked all of these jerks out. They don’t lead. They follow and nip at other’s heels.
President Bush called Obama directly to invite him to the meeting, White House press secretary Dana Perino said. An Obama spokesman said the senator would attend.
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Wild Thing’s comment………
Obama hates Bush, speaks disparagingly of him every day. It was reported on Fox that McCain is the one that told GWB to call Obama. It was McCain’s idea, that tells me he has something up his sleeve. No way does Bush want to screw McCain or the Republicans, there is something we don’t know.
This video from Fox news just came out yesterday, and it is an EXCELLENT report on the origins of this mess.
This is a Democrat-made mess.
by Rush Limbaugh
The headline in the New York Times today: “McCain’s Aide’s Firm was Paid by Freddie Mac — One of the giant mortgage companies at the heart of the credit crisis paid $15,000 a month from the end of 2005 through last month to a firm owned by Senator John McCain’s campaign manager,” Rick Davis.
The McCain people are livid. They have put out a response on their website that refutes all of this.
This is not even bias. This is propaganda. It is false, it is provably false, and what it ignores is that Obama — and they don’t even mention it! — Obama received $109,000 from Freddie Mac or Fannie Mae, one of the two. In just two and a half years in the Senate. It took Chris Dodd about nine years to accrue $120,000 from Fannie Mae. Obama did it in less than two years. How the hell does that happen? What the story also does not mention, ladies and gentlemen, is that it was John McCain who authored and cosponsored legislation to make stricter regulation oversight of both of these things, Fannie Mae and Freddie Mac, going back to ’05 and to ’06.
McCain is the one guy — a lot of Republicans, the president, a lot of Republicans — who came in and said, “You guys are out of control in there and this is going to lead to a major problem,” tried to set up new regulations. The Democrats blocked it at every turn. I’m at a loss to explain this, other than to describe it as simply the New York Times as willingly, openly, and in-front-of-the-world decided to become an official arm of the Obama campaign. This is an unpaid ad is what this is. This is an unpaid campaign ad filled with propaganda that is designed to destroy McCain.
Guess what, folks. Paul Begala was also a consultant here. Not a lobbyist, he was a consultant here.
He was a paid consultant to Freddie Mac until this month, and who is Begala for in this whole race? Look it, the bottom line in this damn thing is this. It was constructed and run by Democrats. It is filth. It is raw sewage sulking around in there, and it’s of their making, and it has presented a crisis to the US economy, and it was all based on liberalism. Liberal, socialist ideas created Fannie Mae and Freddie Mac and then raped them and distorted their original purpose, when the Democrats turned this thing into nothing more than a personal piggy bank for each other and their party.
How Democrat Thieves Looted Fannie Mae and Freddie Mac
by Rush Limbaugh
Now, let’s review a little history here. Long before the subprime crisis, the Bush administration not only warned of impending calamity, they had a plan to avert it. Fannie Mae, under the leadership of Clinton appointee Franklin Raines, who’s now an Obama insider, economic advisor, and Freddie Mac, had issued over one-and-a-half trillion dollars in loans, but their accounting was in shambles. The agency that Congress set up to monitor them had failed to rein ’em in, so on September 11, 2003 — this is five years ago — President Bush proposed the agency that Congress set up to monitor them. He proposed what the New York Times called the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis. The New York Times called it that. Central to Bush’s proposal was creating a new agency to oversee Fannie and Freddie.
Franklin Raines, a hundred million dollars over I think seven years working at Fannie Mae while running it into the ground. He was also OMB director working for Clinton, making his usual $150,000 a year. That’s chump change. These people go to Washington, and they siphon stuff. all of these programs are fraudulent. How many congressmen have we heard about, these stories, they arrive with nothing and they leave with a net worth of millions. There’s only one way this can happen, and that is deals with contributors, lobbyists. So it’s the largest stash of money that’s just waiting to be taken in the form of legitimate grants, commissions, personal fees for what have you. It’s just waiting there to be grabbed. And guess where liberals gravitate? Washington, DC. You know, we conservatives look at Washington as someplace we want to be smaller. We don’t target our lives to take control of government. We target our lives to try to limit its size and influence. Liberals, government is God, government is religion, government is their nirvana. They seek jobs there for the purpose of infesting the place with each other in lifetime-appointed positions so as to forever control as much of life in this country as possible, and when they can, grab a little from the till. And they do it.
Even though Bush proposed a new oversight committee, the Democrats said no way. They cried foul. Barney Frank said these two entities, Fannie Mae, Freddie Mac, they’re not facing any kind of financial crisis.
Barney Frank, “They’re not facing any kind of financial crisis.” Melvin Watt, Democrat, North Carolina, he agreed. He accused Bush of wanting this oversight committee so he could weaken the bargaining power of poorer families
So this was nothing more than Barack Obama-type cynicism and racism, Melvin Watt accusing Bush of weakening the bargaining power of poor families. So, Democrats did not pay any attention to any of the problems going on, they looked the other way. In fact they made the problems even worse by extending loans to people in greater numbers who couldn’t pay them back. So, instead of solving the problem, Democrat insiders kept using Fannie Mae and Freddie Mac as personal piggy banks, Clinton-era policies fueled the giveaway that is now in the famous words of Jeremiah Wright, coming home to roost. Democrats fought every effort, every reform, and now they’re rewriting history. It’s just a sitting duck. It’s just a sitting duck issue.
Next we have Daniel Mudd, 2005 on Capitol Hill, Fannie Mae, Interim CEO.
From an old Tape on Mudd ….this is his interim swearing-in ceremony, Daniel Mudd. He’s phrasing the Congressional Black Caucus for helping save Fannie Mae.
MUDD: I am humbled to come here today to reaffirm the friendship and the partnership between Fannie Mae and the Congressional Black Caucus. Fannie Mae is determined to keep tearing down the barriers to deliver on the American dream and that means we need to work together with the CBC.
Rush: He’s phrasing the Congressional Black Caucus for helping save Fannie Mae. This is all about Fannie Mae, Freddie Mac, out of control. They had a regulatory agency looking over their shoulder, they had no authority, they were in trouble starting all the way back in 1997.
I know Obama’s running around blaming Bush and the Republicans and so forth, which is typical, but this is a sitting duck issue for McCain and Palin to blame the real culprits here, and that is Democrats in Congress.
I’m telling you when it comes to this stuff, whether it’s Hurricane Katrina and the aftermath, I don’t care whatever problem you talk about, all roads lead to Congress, in this case the Democrat Congress back in the nineties. Congress writes the laws. Congress sets up the way these government-run institutions, even with so-called private sector involvement, are going to operate. And then when the excrement hits the fan, guess who gets to act like they were clueless and had no idea what was going on and they get to investigate? The very people who messed it up, set it up in the first place. The very people who create the problem then investigate it as though they were innocent bystanders and spectators and then they give themselves even more control of the mess they made ostensibly out of benevolence to fix it. And remember all this chatter during campaign finance reform that money in the electoral process was corrupting good people, and I never thought that was the case.
I never thought that our electoral system and campaign contributions and donations was corrupting in and of itself, but I’ll tell you, that large stash of money sitting around waiting to be looted by people in Washington, various degrees of power, I am telling you there is a level of corruption in that town with people thinking that all money is theirs, what you end up with is what they decide you should have. They do not realize that that big pile of money is produced by one thing, the collective work and productivity of the American people. If the American people didn’t work and produce and weren’t paying confiscatory taxes, that big pile of money wouldn’t be there. These people create nothing; they produce nothing. They gum up the private sector, they clog it you with all kinds of things, then they act like they had nothing to do with it, then they come in and fix it and appoint themselves an oversight role that gives them even more power over the so-called fixed situation.
The point is, this problem started back in the nineties with the Clintons demanding the end of redlining. That’s really where this starts, the end of redlining. Redlining was a bogus charge that lending institutions would look at the race of the applicant and just refuse on the basis of race, not on the basis of anything else, it was racist, redlining was racist, and I don’t doubt that it happened in some cases. So the fix for it, always an overstep, it’s always an overreach. So to extend the American dream to everybody, they said, “Get rid of redlining and loan money to people that can’t pay it back. That’s the way we’re going to fix it.” It’s sort of like affirmative action.
We lent more money to people that can’t pay it back than any company in history. And that money is now gone! And, by the way, we’re not a company; we are a government-run outfit. This whole notion that Fannie Mae, Freddie Mac are private sector things with little government ownership, you can’t have any government ownership in a private sector entity and still call it private sector.
So here this guy, MUDD, is, he’s showing up, this is after Frank Raines, all this corruption, this is 2005, and this guy shows up and he falls on the sword for the Congressional Black Caucus, you’re our hope, you’re our dream, you are the people who kept us together and this and that, you are our family. I humbly ask you to help us and to help me. Now, what the hell does this tell you that the root of the problem is? More of what MUDD said is played by Rush with Rush interjecting throughout the playing of the audio tape:
MUDD: We will work hard inside our company to resolve the serious matters before us, to put our house in order, and to forge a new future.
RUSH: That really worked.
MUDD: And all the while, you will see Fannie Mae reaching out and listening to the caucus.
RUSH: Yeah.
MUDD: Over a century of endeavor you have earned the reputation as the conscience of Congress.
RUSH: Don’t make me gag.
MUDD: In many ways, I want to tell you today you’re also the conscience of Fannie Mae.
RUSH: Well, now we know.
MUDD: — keep us on course to serve those who need serving the most.
RUSH: There you have it, all roads lead to Congress. I mean I have never heard somebody kiss ass in public like this in my life. I mean I may have. I just don’t remember it. But I mean this guy, is he still around, or is he sick with anal poisoning? Daniel Mudd, anybody seen Daniel Mudd lately? This, ladies and gentlemen, identifies the el problemo, for those of you in Nevada, Florida, Colorado, and Nebraska listening to Obama ads.
RUSH: By the way, we found out where Daniel Mudd, by the way, he’s Roger Mudd’s son, of CBS fame. This is Braden Keil at the New York Post from just three days ago. “As more than a million US homeowners face devastating mortgage foreclosures, ousted Fannie Mae CEO Daniel Mudd continues to live in an opulent Washington, DC, mansion replete with expansive gardens, servants’ quarters and a home theater. Mudd, whose former company,” Fannie Mae, don’t call this a company “is being bailed out by billions in taxpayer dollars, calls home a 22-room Colonial mansion on Newark Street in tony Cleveland Park, built on the former property of President Grover Cleveland. The eight-bedroom, eight-bath pad includes large public rooms with fireplaces, a home theater, a gym, a wine cellar, a solarium, servants’ quarters, a terrace off the master-bedroom suite, and a gourmet kitchen. The gated, landscaped property also features a pool, fountains, gardens and a guesthouse.
“The property is so lavish that some company employees dubbed it ‘Mudd Manor.’ And they’re furious that the executive at the helm of the ship as it sank into profound crisis has surfaced relatively unscathed, at least for now. ‘Hey, he lost his limo and corner suite [at the office], but Mudd Manor is not a bad place to contemplate your next move,’ said a bitter Fannie Mae employee who requested anonymity. ‘Most Fannie Mae employees are reeling from their employee stock-option-plan account balances’ going to cents on the dollar.’ Mudd, the son of former newsman Roger Mudd and descendent of Dr. Samuel Mudd, who treated Lincoln’s assassin, John Wilkes Booth, did not return calls for comment.” Now, by the way, something else you need to know here. “Under the terms of his employment contract, Daniel Mudd,” who you just heard bowing down and kissing the rear of the Congressional Black Caucus in 2005, “Under the terms of his employment contract, Mudd could collect $9.3 million in severance pay, retirement benefits and compensation, as long as his dismissal was ‘without cause.’ His salary last year was $900,000, although in a radio interview last month, he didn’t deny reports that he raked in a total of $43 million in stock options, bonuses and overall compensation through the years.”
So you add this to Franklin Raines’ 100 million and Jim Johnson, what he ever got out of it, and Jamie Gorelick’s part of the group that got $75 million out of Fannie Mae, and you see precisely what this was. It was indeed a Democrat Party piggy bank disguised as a lending agency for people who couldn’t afford anything. Now, the piece de resistance. “Democratic Sens. Barack Obama, Chuck Schumer, and Jack Reed have written to Treasury Secretary Hank Paulson to object to golden parachutes for Mudd and ousted Freddie Mac Chairman Richard Syron, saying it would be ‘a gross violation of the public trust.'” Yeah, they had to do that. Obama already got his money out of there in the form of campaign contributions and so forth.
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Wild Thing’s comment……….
I realize this is a LONG post and I am so sorry, but this is so important to get these facts. Rush has links at his site to back up everything he said and played on this show.
Enough of the lies from the left blaming Bush, McCain and what the heck Palin. This above is from facts, the in your face to the democrats facts that we should know about.
What is the difference in Democrats and terrorists? The terrorists want us dead. They both want to destroy our country, they both have an agenda to take over our country, they both lie, and they BOTH destroy everything they are involved with. Like the way the terrorists destroyed the beauty and wonderful farms the Israeli’s kept in Gaza, the terrorists went in and burned and destroyed them…..and this was AFTER Gaza was handed over to the evil terrorists!!!!
The same thing with the democrats they get into our politics and destroy commerce, busiiness ( small and large), want to tax we the citizens to death, lie, cheat and steal. Are the most corrupt of both parties and are the enemy within our country. They keep us from drilling where we should and could be for oil that we have in abundance. They could care less if their own voters are paying big money for gas and with winter coming.
Regarding the military both democrats and terrorists are on the same side imo. I am speaking of the democrats of today and for the last 50 years.
They mess up and then blame those that kept warning that things were going wrong and needed to be fixed. Well I am sick of it!!!!!!
There’s a two and a half minute video at link…HERE…….. with the below story EXCLUSIVE IN THE HADITHA CASE! Former Marine lance corporal, Justin Sharratt, files suit against Congressman John Murtha Second defamation suit to be filed by a Marine who Murtha said “murdered innocent civilians in cold-blood”. Sharratt is a constituent of Murtha in Pennsylvania’s 12th District. Press conferences tomorrow.
Marine Plans To File Slander Suit Against Murtha
WASHINGTON, PA (KDKA) ― A local Marine cleared in the deaths of civilians in Iraq says Congressman John Murtha made public comments that were unproven, untrue and unfair.
Now, Lance Corporal Justin Sharratt is planning to file suit in federal court against Murtha on Thursday morning.
The suit accuses the congressman of slander and violating the Marine’s right to a fair trial and due process.
Sharratt was one of eight Marines charged after 24 Iraqi civilians were killed in Haditha. He was charged with three counts of unpremeditated murder.
It’s alleged in the lawsuit that before the outcome of the case, Congressman Murtha made slanderous comments.
Three years after the deaths, seven of eight Marines have been cleared, including Sharratt. There’s now a website, JustinSharratt.com, to let the world know that he has been cleared.
The eighth Marine is still waiting for his day in court. KDKA contacted Murtha’s office for comment on this suit but there’s no word back from them yet.
Wild Thing’s comment………..
OUTSTANDING!!! I hope there are six more lawsuits lined up and ready to go.
Jack Murtha, you are truly treasonous scum. I hope more news like this brings Murtha’s detestable, treasonous words and actions back to the forefront of voters’ minds.
And let’s not forget Lt. Col. Bill Russell’s who is running against Murtha!
“We now know that Congressman Jack Murtha’s long, public indictment of American Marines was factually wrong. Instead of “cold blooded killers,” court rulings reveal a dramatically different story of personal courage under fire. True heroism.
Lt. Col. Bill Russell’s grassroots campaign is setting the record straight. By standing up for fellow veterans, military personal and average taxpayers, he’s taking on one of Washington’s most entrenched powerbrokers in what columnist Michelle Malkin calls a “David versus Goliath” contest.
A survivor of the September 11, 2001 attacks on the Pentagon, Bill’s campaign is a call to conservative reform and patriotic action.”
Wild Thing’s comment…………..
Bravo to Megyn Kelly! Megyn rocks! Isn’t it great how we have so many awesome people on our side. We really do and here for awhile there it felt like we were doomed. hahaaa
Let the dems have their Helen Thomas, Huffington, Pelosi , Harry Reid, and the rest of thier ilk. We have Sarah Palin, Megyn Kelly, Congressman Mike Pence, John Boehner, and many others !!!
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