Posted by
rycK on Tuesday, September 30, 2008 8:38:00 AM
98 Reasons Why Nancy
Pelosi Should Not Blame Republicans for Failure to Socialize Bad Debt
Nancy
Pelosi has a caustic and reptilian personal manner and ought to have sought a
career in shrinking heads or perhaps checking for disease in one of her Asian Massage Parlors. Yesterday, the
steaming sputum drenched the floor of Congress as she let loose with a speech
that would make Mussolini blush. She threatened the Republicans with the cause
of here failure and then 95 of her own Democrats voted against her.
That accounts for 95 of the good reasons.
Could we
hear from Nancy as to why 95 of her own voted against her? Is it true
that more Dems voted against the bill than Republicans?
The other
three
are the criminal bribe-takers Chris Dodd, Barney Frank and Socialism.
Chris
Dodd and Backside Barney prevented reform of Fannie Mae so they could take
bribes and make neighborhood heroes out of Jim Johnson and Franklin Raines, two
plundering socialist parasites who sucked big salaries and bonuses out of the
system while they piled up several trillion dollars worth of bad mortgages. The
scheme here is simple: You just give away houses to illegal aliens, people no
credit, drug addicts, criminals, felons and others in trade for their votes and
left the government with the bad debt. Now, they want the taxpayers to cover
this scheme and what will they continue to do:
MAKE MORE
BAD LOANS AND SUBZIDIZE THE LOSSES WITH MORE TAXES??
YES, THAT
IS THEIR PLAN.
All this
is made possible by the phony and socialist CRA Act. John McCain warns us of the Fannie Mae
three-card Monte Scam:
“For years I have been concerned about the regulatory
structure that governs Fannie Mae and Freddie Mac--known as
Government-sponsored entities or GSEs--and the sheer magnitude of these companies
and the role they play in the housing market. .. GSEs need to be reformed without delay.
… the
Federal Housing Enterprise Regulatory Reform Act
of 2005, S. 190, to underscore my support for quick
passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue
to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the
housing market, the overall financial system, and the economy as a whole.”—see full paragraphs below.
Now, who blocked this legislation?
Well here is the list of the bribees who did:
Top Recipients of Fannie Mae/Freddie Mac Campaign
Contributions, 1989-2008
Name Office State
Party Grand
Total
Dodd, Christopher S CT D $165,400
Obama, Barack S
IL D $126,349
Kerry, John S
MA D $111,000
The CRA [Community
Reinvestment Act]is the barnyard engine that runs the phony Marxist Mortgage
Scheme. It
says that you MUST give mortgages to minorities and others, period. There is no
responsibility here for them to make payments on the loans if they fail. Now,
Nancy Pelosi and the bribees from the Senate want the US taxpayer to cove the bad debt and allow the courts to
fix up the loans by reducing the principal, interest rates and such and let the
tax payer pay t he difference.
Here is the criminal bribee Chris
Dodd’s assessment of Fannie Mae:
“To suggest somehow that [Fannie Mae and
Freddie Mac] are in trouble is simply not accurate,” Dodd replied.
“The facts are that Fannie and Freddie are in sound situations,” Dodd
said. “They have more that adequate capital, in fact more than the law
requires.”
When pressed about the recent
IndyMac Bank federal takeover, Dodd said that could have been avoided if there
had been proper regulations in place to monitor the sub-prime mortgage market.
IndyMac closed on Friday after
federal regulators realized that the bank was no longer capable of guaranteeing
deposits. The bank was also a large issuer of sub-prime mortgages.”—Chris
Dodd
How does that speech work for you?
How about
a lisping message from one of the Queens of the House about how secure Fannie Mae is:
“"These two entities—Fannie Mae and Freddie Mac—are not facing any kind of
financial crisis," said Representative
Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee.
"The more people exaggerate these problems, the more pressure there is on these companies, the less we
will see in terms of affordable housing."—Backside Barney Frank
The price is
right Barney—free housing!
Well, that adds
up to 95 or more.
These leftist
parasites defended the disaster before it happened and now blame Bush for the
disaster even though Bush and his people warned us of this in 2003.
This is all
Marxist politics at its best. Whatever happens the wealth of the honest people
in this country must be handed over to losers, drug addicts , illegal aliens
and others who vote to keep Pelosi, Dodd and Frank in office.
Tell your elected officials how happy you are with this
arrangement.
rycK
Comments:
ryckki@gmail.com
“For years I have been
concerned about the regulatory structure that governs Fannie Mae and Freddie
Mac--known as Government-sponsored entities or GSEs--and the sheer magnitude of
these companies and the role they play in the housing market. OFHEO's report
this week does nothing to ease these concerns. In fact, the report does quite
the contrary. OFHEO's report solidifies my view that the GSEs need to be
reformed without delay.