Barack Obama and Democrats Are Lying Their Fannie Asses Off

Posted by zee on Sep 29th, 2008 in Uncategorized | 0 comments

Covering Your Fannie, Who Really Caused Our Economic Crisis?

Speaker Pelosi’s Partisan Speech From Well Of House

Speaker Pelosi’s Partisan Speech From The Well Of The House Of Representatives Attacking Republicans Turned Off Potential Republican Votes. “Opponents said part of the reason for the opposition from Republicans was what they termed a partisan speech by House Speaker Nancy Pelosi, said one GOP source. ‘Pelosi’s partisan speech has caused our members to go berserk and may cost us any remaining chance to pass the bill,’ the source said. Pelosi had said that Congress needed to pass the bill, even though it was an outgrowth of the ‘failed economic policies’ of the last eight years. ‘When was the last time someone asked you for $700 billion?’ she asked. ‘It is a number that is staggering, but tells us only the costs of the Bush administration’s failed economic policies — policies built on budgetary recklessness, on an anything goes mentality, with no regulation, no supervision, and no discipline in the system.’” (“House Defeats Wall Street Bailout Bill,” FoxNews.com, 9/29/08)

– Timeline shows Bush, McCain warning Dems of financial mess.

My Advice to Republicans: Don’t Vote on the Bill Until we Have a New Speaker

Just a year ago she was begging to shove more crap loans down the american taxpayer’s throats.

Here’s her friends Chuckie Schumer and Barney Frank trying to lower lending standards on homes costing nearly half a million dollars — yes we should give half million dollar homes to people not worthy of credit Chuck & Barney, I mean the taxpayers are always willing to take it up the bum from Dems in congress right?:

Schumer and other Democrats have called on the Office of Federal Housing Enterprise Oversight to relax government restraints barring Fannie Mae and Freddie Mac from buying home loans exceeding $417,000 and from expanding their assets.

The senator introduced legislation last month to let Fannie Mae and Freddie Mac temporarily increase their mortgage portfolios by 10 percent. The bill would also allow the companies to buy loans in “high-cost areas” where values are 50 percent higher than the current $417,000 cap.

U.S. Representative Barney Frank, chairman of the House Financial Services Committee, said Congress would pursue “sensible regulation” to restore investor confidence in the mortgage markets. Frank, a Massachusetts Democrat, said he wants to meet with mortgage lenders to urge them to help borrowers refinance.

“We need the people who hold the paper to be more flexible,” Frank said.

YouTube – Obama & Co Top Recipients of Fannie Mae Freddie Mac

Sphere: Related Content