Somebody Got It Right
Chris Dodd and Barack obama are owned lock stock and barrel by the financial community
They are accusing the Republicans of not supervising Wall Street. Democrats always deflect attention from their own crimes by accusing the other side of what they themselves have been doing, thereby hopelessly confusing the issue.
If the Dems accuse the Republicans of something, it means the Dems have been committing the crimes
Chris Dodd has not only been in Congress forever, but he is head of the Senate Committee to supervise all, REPEAT, ALL ALL ALL of finance in America. Barack obama is his assistant in these matters.
This time, it would appear that the Fed was manipulated but politics regarding the public opposition to the Democratic Congress’ support of Paulson’s $700 billion, no strings attached, gift to his colleagues on Wall Street.
By Thursday afternoon it was clear that the Republicans in Congress had finally decided to listen to the wishes of the voters, and were refusing to go along with the Democratic Finance Chiefs Senators Chris Dodd and detached Barack Obama.
So the Fed attempted to panic the public by taking over Washington Mutual on Thursday night instead of over the weekend.
The Fed is part of the criminal conspiracy seeking to panic the public and the ignorant buffoons in Congress into a fearful stampede or else the world will end!
This is contemptible manipulation of the public through false fear, identical to the strategy of fearful stampede into the second Iraq war.
Thursday’s seizure of Washington Mutual by the Fed is a despicable attempt to use fear and panic to stampede both Congress and the public into a totally wrong and incredibly absurd course of action.
The $700 billion gift to Wall Street makes no sense at all and does nothing to treat the root cause of our problem, which is the permission of the government to financial institutions to bundle mortgages into tradable security packages.
The first step in curing the problem is to outlaw CDO and CMO packages, because they separate accountability from risk, thereby encouraging what should be criminalized activity but unscrupulous mortgage lenders.
Paulson’s and the Democratic Congress want the bailout package to include “adjusting” individual mortgages downward, not to the new market value of the home, but to what the borrower can afford. Who determines, and by what mechanism, what the borrower can afford.
The adjustment provision goes far beyond socialism: it is pure Communism and abject redistribution of wealth.
No financial system on earth, and no nation, can survive if the government has the authority to “adjust” individual’s debts.
The bailout package may well be the end of America.
Call your Congressmen and tell them you oppose every aspect of the bailout package.
Current laws and the operation of the Federal Reserve are everything we need for the markets to reach equilibrium. No intervention by government can make the oversupply of housing disappear.
Local governments and pressures within the Democratic Party to seize the foreclosed homes, or to use taxpayer dollars to repo them, and use them for low cost community housing is nothing but the purest form of Marxist Communism that will bankrupt America.
Obama and Dodd got more money from Fannie Mae than anybody.
They are the cause and the protectors of this crisis.
Obama is trying to hide in the irrelevant debate so nobody will blame him for his crimes
Dodd is pushing the $700 billion gift to the people who bribe him.
Entry filed under: ann coulter, bailout, bankruptcy, Barack Obama, bias, Blogroll, cbs news, cnbc, cnn, cnn bias, Fannie Mae, finance, fox news, Freddie Mac, glenn beck, humor, john mccain, life, lou dobbs, Michelle Obama, mortgages, news, politics, taxes. Tags: bailout, Barack Obama, chris dodd, cnn bias, depression, foreclosures, hank paulson, housing, humor, john mccain, life, mortgage crisis, news, politics, presidential debates, recession, sarah palin, tax increase, taxes.