So Who’s really lying about Fannie and Freddie?

Speaker of the House, Nancy Pelosi, said today on the House floor that this whole mess we're in is the Republicans' fault. She blamed George Bush's economic policies for this financial problem we're having. This is important to know, dear reader, because you need to know the truth. You DESERVE to know the truth. And I can honestly say, if this was reversed and the Republicans were really to blame, I'd be sitting home this election.

But this isn't the case.

The mortgage crisis began actually in the Carter Administration. It's the result of liberalism, it truly is. Liberals believe it's unfair for some poor people to not own a home, minorities mainly, even though they clearly cannot afford one.
Under Bill Clinton, Washington passed a bill that actually forced lenders to give loans to people who could never pay them back. It was called affordable housing. Lending institutions were giving loans to people, in some instances, without ever verifying their ability to pay it back. Some other instances saw illegal aliens getting loans, I kid you not.
Attorney General, Janet Reno, threatened these institutions with legal actions if they failed to comply and give out these bad loans to people who clearly could never make the payments. And mind you, these are lending practices that under normal circumstances would never ever in a million years have taken place if it weren't for the Government. So, you know what this all really was? It was reparations to minorities!
It was affirmative action at it's finest. Pure, 100% liberalism.
It all makes sense to me now because I've been saying since the housing market dropped, you can't loan someone money to buy a 300K dollar home when they're only making 30K a year... with no down payment.  It common sense, Man!
But it was really the lending practices forced by the Government that caused this. Liberals tried to say it was predatory lending. The evil banking industry taking advantage of the innocent poor. HA! Now we know better.

Fannie and Freddie, under the control and direction of Franklin Raines, bought up all these toxic loans in an effort to give the appearance that Freddie and Fannie had much more value than was the truth. This is why Raines made almost 100 million dollars in bonuses over 7 years at F&F.
And as long as F&F kept donating to the Democratic party, the Democrats would keep covering up all the corruption as you are about to watch.
That's right, Clinton and the rest of the Democrats tried to solidify their constituency by guaranteeing them loans they could never pay back. In return, they got the votes. The kick backs went to Christopher Dodd, OBAMA, Jamie Gorelick, Barney Frank, Jim Johnson, Chuck Schumer, and a bunch of other Democrats.

George Bush urged Congress to act between 10 to 15 times to regulate this problem, but those attempts died in the halls of Congress. 2004 is when these hearings took place you're going to see, and pay attention... REPUBLICANS, not Democrats, are trying to regulate Fannie and Freddie because it's clearly evident what has been going on. These hearing are the reason why Franklin Raines got the boot, he was corrupt and got busted.

First video, Nancy Pelosi today blaming George Bush's economic policies and Republicans for the troubles in Fannie and Freddie, and the whole financial situation.


Now, here is what happened in 2004 when the hearings were taking place, and Republicans were calling for more regulations in an effort to stop this illegal activity from turning into the exact problems we're now facing.
And the Democrats are all saying Fannie and Freddie are just fine, doing a good job even... covering it all up. It's amazing to watch, it truly is.
And like I said a few days ago, this all, in total and in it's entirety, lays at the feet of liberal Democrats. Make no mistake about it, they are responsible.