Feeds:
Posts
Comments

Posts Tagged ‘lfe’

Everybody in both parties knows that the Democrats caused the Mortgage Crisis with their expansion of Fannie Mae and the Democrats passage of the CRA (Community Reinvestment Act) which requires, actually FORCES, YES FORCES every bank in America to make bad mortgages to financially unqualified buyers and to illegal aliens, and the Democrats including Bill Clinton forced Fannie Mae to purchase the crap, guarantee the crap, and sell it to the world’s financial markets as CDOs that were not worth the paper they were printed on. Worse, because the entire world from China to Japan to Russia believed they were obligations of the US Government, they became part of the reserve capital of every financial institution in the world. The basis for all the world’s banks and insurance companies!

In return for these crimes, Wall Street, the nation’s banks and Fannie Mae donated hundreds of millions to the Democrats. Chris Dodd and Barack Obama were the two biggest beneficiaries of Fannie Mae corrupt cash. That is why the Democrats are so vehemently enthusiastic at passing Bush’s bailout. The Democrats need the crisis solved before people focus on the Democrats as being the cause of the crisis.

Also, the Democrats biggest source of votes are the freeloaders who get to buy homes with the crap mortgages, so the Dems want to bail them out with ACORN fraud.

So, the Democrats needed the Republican Congressman’s support to pass the bailout to save the corrupt Democrats from:

 (1) exposure as being the true source of the crisis,

(2) to avoid repeal of the Democrats’ favorite welfare law, the Community Reinvestment Act which even this minute is continuing to force banks to write more and more crap mortgages, sowing the seeds for a repeat crisis next year, and

(3) keep the mountain of donations flowing to Barack Obama and his forty thieves from the crooked banks and Wall Street firms.

So what does Nancy Pelosi do to get the Republicans to vote her way, to support the Democrats?

The stupid b*=+&h succumbed to her chronic partisan rabies and stuck a sharp stick into the Republicans eyes by makeing a speech to Congress blaming the crisis on the Republicans and carrying on and on and on about how the crisis is the Republican’s fault.

She needs their help so she atacks them!

This is the Democrats’ idea of leadership. Can Barack Obama be far behind? Nope! He is also blaming the crisis on the Republicans (even though he voted against John McCains law to reform Fannie Mae in 2005).

If Obama had even half a brain beneath his buzz cut, he should have been practicing what he preaches and making bipartisan appeals for working together. Instead he continue to attack and blame the Republicans whose votes he needs if he is to continue getting his record-breaking donations from Fannie Mae.

All reports from the floor of the House say that the Republicans were enraged when Pelosi launched into her final speech calling the vote to order by attacking, and attacking, and attacking the Republicans, so they voted against her.

And so Nancy Pelosi’s terminal case of rabies killed the mortgage bailout.

In the meantime the Community Reinvestment Act, which is not treated at all in the bailout bill, is continuing to force all the banks in America to continue writing no money down, interest only mortgages to freeloaders, so we shall have another round of collosal defaults next year, and the year after, and the year after.

Click on the following link to send letters to you Senators and Representatives saying

“REPEAL THE CRA COMMUNITY REINVESTMENT ACT TO STOP THE CRISIS”

To find your congresspersons, enter your zip code in the left hand box of this link:

http://congressorg.capwiz.com/congressorg/directory/congdir.tt

Advertisements

Read Full Post »