Sunday, October 26, 2008

The Housing Meltdown Shouldn't Be a Big Surprise...







Our elected leaders knew about what was going on with Fannie Mae and Freddie Mack but chose to do nothing. Remember, Chris Dodd, the chairman of the committee responsible for oversight in this matter received a sweatheart loan from Countrywide, one of the struggling lenders. Further, he has benefited from receiving hundreds of thousands of dollars from Fannie and Freddie. Who's second on the list? Barrack Obama. Obama did not take advantage of this system for his house. Instead, he brokered a very slick loan from convicted felon and long-time Obama confidant, Tony Rezko.

Watch this video and see your elected leaders in action. Where was the news media when this was going on? Why didn't the Republicans on the committee scream murder and demand public knowledge of this mess?

One has to think some of what is destroying our economy today could have been avoided had these loathesome bastards on Capitol Hill had done their jobs.

http://www.youtube.com/watch?v=_MGT_cSi7Rs

By the way, these hearings were held in 2004.

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