I can smell fear thru this vid.

They have no fear. That’s anticipation you sense, the anticipation of crushing us under their steel toed boots starting in January.

He requests the records of many hearings held over the last six years on this very topic, including a Bush administration effort to overhaul GSE regulation in 2003. The list of hearings demonstrates Congressional DEMOFASCIST culpability in the Fannie and Freddie collapse

The twilight of our republic is no time to be politically correct and try not to offend your freinds in the green room, Ed.

And it’s going viral:     Well, maybe not always THIS “out there,” just not embeddable.  At any rate, if the Democrats’ devastation of the financial markets is becoming a rising pop culture topic, it may be safe to say that…

When will U.S. citizens start marching on Washington and demanding those Congressmen involved in this financial collapse be recalled or impeached?

They have done more to harm the US economy then Bin Laden and al Queda.

albill on October 7, 2008 at 4:54 PM

I’ve got my pitchfork, do you?

Fuquay Steve on October 7, 2008 at 5:05 PM

No. I have something they fear more: my vote.
Back here in MN, Coleman voted for the bailout as did my Congressman John Kline.
I’m looking for alternative candidates.

Everyone has been told that a part of last week’s “Bailout” was that there would be strong “oversight”

Blaise on October 7, 2008 at 1:28 PM

As I now understand this provision, whenever anything new blows up or collapses, Congress has agreed to say in unison “Oh, that was just an oversight!!”

The fox is loose in the chicken coop. Until we see the Fannie Mae/Freddie Mack crooks who cooked the books to make their own bonus checks larger in jail, including as a minimum Raines and Jamie Garelick, and until we see the actual start of impeachment hearings for Chris Dodd, Barney Fran, and Barack Obama who worked hard to hide their scheme to force banks to make bad loans and make Fannie Mae/Freddie Mack into huge piggy banks for their own benefit, nothing useful will happen…no matter how much “Bailout” cash is pumped into this sewer.

Democrats refuse to talk about Fannie, Freddie in Oversight hearing

Of course the RATS don’t want to discuss it. It’s never going to get fixed either. They don’t want their Fatty Mae, and Freddie McDaddy cash cows to disappear.

http://www.thedailybeast.com/blogs-and-stories/2008-10-07/the-enablers/

How did CEO pay FORCE home buyers to buy bigger homes than they could afford?

How did CEO pay nudge Democrats to FORCE Fannie Mae to BUNDLE these high risk loans

No to Democrats NO to Obama NO to Harry and Nancy

I’m ORIGINAL PECHANGA and I APPROVED THIS MESSAGE

originalpechanga on October 7, 2008 at 11:24 AM

You rock, OP!

Skip ahead to around 00:16 if this link doesn’t do so automatically.

AIG execs’ retreat after bailout angers lawmakers
WASHINGTON (AP) — Less than a week after the federal government had to bail out American International Group Inc., the company sent executives on a $440,000 retreat to a posh California resort, lawmakers investigating the company’s meltdown said Tuesday.

It is really annoying for a mortgage professional to have novices discuss the crisis and get it so obscenely wrong.

mike volpe on October 7, 2008 at 12:53 PM

I can tell you what is obscenely wrong Mike. When I got my first mortgage on my house I ended up with one of the sub-prime mortgages. I tried to refinance after a few years in order to get a fixed rate. When I walked into closing they gave me another sub-prime mortgage when I SPECIFICALLY told them I wanted a conventional fixed rate mortgage.

I have discovered since that many mortgage companies were operating as brokers and did not keep the mortgage themselves. They made the money on writing the loan. Then they sold the liability to somebody else. These brokers kept their own pockets being lined by writing mortgages that needed to be refinanced every few years. It was a way to create their own market.

I had no choice but to take the mortgage because the lender refused to rewrite it as anything else. They informed me that I would have to pay nearly $1000 in fees in order to get a different loan if I refused that one. I just didn’t have the money to do the mortgage over. I know three other people that had similar things happen to them.

Frankly, I am sickened by the mortgage lenders trying to point the finger at the buyers all the time. It is YOUR responsibility to perform due diligence on the mortgage and refuse to lend the money unless the buyer is solvent and can make payments. You guys are supposed to be the experts that we pay in order to avoid this garbage and you did not do your jobs. You guys just went for the bucks, even when you KNEW you were screwing your customer.

They’ve come a long way, baby.