Who's Responsible for the Fannie Mae & Freddie Mac Fiasco?

Okay, so as a nation we are facing one of the most serious financial crises we have ever faced in my lifetime. (I'm of the 'baby boomer' generation.) President Bush and his administration is trying feverishly to help the entire nation escape the looming threat of a second Depression. Of course, if our economy does not make it through this crisis, there will, no doubt, be an adverse domino effect throughout the entire world. Basically, what happened with Fannie Mae & Freddie Mac has hurt everyone and it threatens to hurt us even more. In order for us to learn from the horrific lessons of this financial dilemma we must be not only willing to know how we got to this place in our nation's history, but we should actively be pursuing, investigating, how and why we are in the current economic mess that we're in. For those who wish to know the facts, I submit to you the following video, it is under 9 minutes long and is very much worth your time to watch. The following video is proof positive, that we did not have to experience the daunting financial realities that we are faced with now. Look, listen and learn:

Well so there you have it, plain and simple. The video you just watched is taken from 2004 hearings in Washington. In 2005, McCain warned against the very same thing. Now please bear in mind exactly which senator benefited the most, second only to Chris Dodd, from Fannie Mae & Freddie Mac donations...if you guessed, Senator Barack Obama, you guessed correctly. Please listen to this second report and see for yourself precisely who received what.

Now you and I have the option of either closing our eyes, covering our ears and keeping our mouths shut or we can face the difficult truth. Speaking as one who is a registered Democrat, I am not afraid to admit the truth and say clearly that the Democrats got it wrong. They got it dead wrong!!!

Greedy, ambitious CEO's, such as Frank Raines and his associates, used Fannie Mae & Freddie Mac dollars to line their own pockets, as well as pad and support the political coffers of prominent up and coming political hopefuls, like Barack Obama, in the Democratic party. Don't be naive, these huge financial "benefits" really was bribe money. "You let me do as I wish and I will pad your political treasury with hard cold cash". Well, my friends, like it or not, and as unfair as it is to us, we are all now dancing to the liberal left's tune of " I did it my way". Oh and by the way, for those of you who still insist on applauding former president Bill Clinton, you have him to thank for the F&F economic disaster, as well. Clinton was then president in office and it was he who spearheaded the charge to make sure the Democrats in Congress fought hard against any type of reasonable regulation that would have prevented the financial woes we presently are faced with today. You just heard him in the video. 'Good ole' Billie boy really saved the day alright.' Don't you believe it. Wake up people, if not for yourself, wake up for your family members and for those whom you love and are financially responsible for.

I leave you with this final thought for today: Should the exorbitant financial bailout fail us, which group in America would you suppose will suffer the most? It would be the poor and hurting. The same group whom the Democrats claim to defend and support. Those impoverished within our cities, rural areas, and on reservations will be the very ones who will be affected the most. What I am learning is that Democratic leaders on the Hill talk real big, but when the rubber meets the road, they have little to nothing to back up their talk with. Fannie Mae & Freddie Mac did not help matters, they did a whole lot more damage than help. In the long run they sold a dream, that turned into a bad nightmare, by placing homes in the hands of those who would not be able to sustain them. Giving false hope is nothing less than shamefully reprehensible.