These videos are right on target. I worked in the title business for 12 years. I can't tell you the volume of loans that closed that should have never been approved. The lax requirements pushed by the Democrats and their agenda continued this train wreck to where we are today.
In 2005 I approached the Vice President of the company I worked with and voiced my concern over the obvious loans consumers were approved for that were destined for foreclosure. I do not have a degree in economics, yet even I could see this coming. You can't possibly believe that these highly educated individuals running our country and ruining our financial industry did not see this coming as well. When President Bush and John McCain tried to reign this out of control lending in, (they obviously saw what I saw) they were voted down by every Democrat.
It is as if this was a deliberate act to destroy our financial industry, create a financial crisis, and then point fingers at the Bush administration. Lay the blame on Bush. I truly believe this was deliberate by the democrats...to create a crisis. As Rahm Emmanuel said, "you should never let a good crisis go to waste."
I wonder how much money these scumbags made through hedge-funds etc that were betting against the housing market. It would be interesting to know if George Soros was heavily involved in this or not.
Don't you think it is bizarre that Chris Dodd and (then) Senator Obama were the number 1 and 2 recipients of campaign contributions? They were as deeply imbedded in this implosion as anyone.
Do your homework.....you'll find that this was a disaster that didn't have to happen....at least to the extent it did. If the Democrats would have done the right thing and voted to reign these out of control lending practices 4-5 years before now, this could have been avoided....but you see that would have been a win for the Bush administration. That would have pulled back the curtain on the corruption and the cooking of the books for Freddie, Fannie, and any number of other financial insitutions. That would have dried up the campaign contribution well for the Dems as well as uncovered some possible improprieties.
The Bush administration was not the cause of this economic tsunami. On the contrary, they were trying to do what they could to get it under control. The Democrats own this...but they will never admit it. That is why we need to educate those that are easily led by these liars in the White House, Senate and Congress. They all need to be voted out of office and we need to start with a clean slate.
We need God-fearing men and women of honor, good morals, integrity and those that really have our best interest at the forefront of every decision that they make. Anything less and there won't be any real change...it will just remain the same.
Bill Clinton on Democrats and the financial crisis:
“I think that the responsibility that the Democrats had may rest more in resisting any efforts by Republicans in the Congress, or by me when I was President, to put some standards and tighten up a little on Fannie Mae and Freddie Mac.” – Former President Bill Clinton (D-AR), September 25, 2008
Clinton administration's "BANK AFFIRMATIVE ACTION" They forced banks to make BAD LOANS and ACORN and Obama's tie to all of it!!!
Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis:
Explosive Video, Fannie Mae CEO calling Obama and the Dems the "Family" and "Conscience" of Fannie Mae:
Full video of Secretary of Hud, Andrew Cuomo
Participants spoke about the importance of equality in housing
opportunities, both in housing and lending. Secretary Cuomo stated that
while much progress has been made the Department of Housing and Urban
Development still has much work to do in enforcing the law. A video
recording was shown of Nick Conner speaking about the racist incident
involving Lisa Costa. This event marked the thirtieth anniversary of the
Fair Housing Act and the tenth anniversary of its amendment to cover
persons with disabilities or children. It also honored the thirtieth
anniversary of the death of the Rev. Martin Luther King, Jr., and
Mr. Brown read a letter from Martin Luther King III in honor of his
"I realize that on the sea of life, I can't control the weather but I can adjust my sails." UNKNOWN