Democrats accepts no responsibility

Senator Pelosi (D-CA) states, “Democrats accepts no responsibility for this financial collapse.” She is truly delusional. The reality is that she and Senator Reed have led the House and Senate to be called “The Do Nothing Congress” with an approval rate of 9 percent. And that was before they took their last vacation while the nation was experiencing an energy crisis.

In 1995, President Clinton strong-armed Fannie Mae and Freddie Mac to buy all these “subprime loans and mortgages.” Jim Johnson was CEO of Fannie during these years (1991-1998). The same man that was managing director of Lehman, now bankrupt, the same man Obama hired to help him pick his vice president. The same man that was on the board of directors of Goldman Sachs who gave $700,000 to Obama.

As soon as Clinton-crony Franklin Delano Raines took the helm in 1999 at Fannie Mae, he used it as his personal piggy bank for a total of more than $100 million in compensation by the time he left in early 2005 under an ethical cloud. Obama hired him to be his Financial Advisor.

Senators Dodd (D-CT) and Frank (D-MA) both are heads of committees that were supposed to protect us from this sort of thing. President Bush tried to warn congress twice (2001 and 2003) about Fannie and Freddie. But Democrats said all was fine. Then Senator McCain in 2005 co-sponsored a Bill (S-190) that would regulate the two. But again, the Democrats stopped it.

This is nothing new, it's been discussed here ad naseum.

The dems and libs here at ATS dismiss this as untrue, but facts are facts.

Dodd and Frank need to be asked to resign immediately and then face federal charges.

Ya well,,,this goes to show ya that the democrats try to be more sneaky but usually wind up failing miserably.

Crooks, the lot of them. Well, what they in prison? Dogs (HAHA) gotta eat!

Greedy punks, talk a nice tale and the undereducated and oblivious blindly follow them. Same is true of the Republicans, OFC.

It's not a wolf amongst sheep - it's a cancer amongst a living organism. Hence the vote - but people don't vote that way, they vote their own greed.

Jesse Ventura 2012, anyone? Or Paul/Ventura maybe

reply to post by Stewmeat


An approval rating of 9%. Hmmm. Wait until the Dems control everything! I expect it to go down a few points... Regarding the criminals behind the mortgage scandals, I agree. Bring them to trial. I truly believe it would be better if we had a Rep Congress and House and a Dem as President because maybe nothing would get done - the less gov't the BETTER! Also, I agree with the ties to Clinton but there are so many other factors than just a dem/rep blame game - greed rules either party affiliation and perhaps should run on it's own ticket. White collar crime has quite literally destroyed our economy. Blue collar crime has propped up an industry created by white collar indivaduals. Strange. Arrest and prosecute the people behind these crimes. Isn't it about time someone took responsibility?

ColoradoJens

reply to post by Stewmeat

The same could be said about both parties.

I think we should opt out of the two party system in favor of anarchy.