Saturday, May 12, 2012

Do You want to know why Real Estate Collapsed?

Fannie and Freddie in bed with Dems
Tony Newbill sent an article by Steve Cooper of website. The thing is I am a bit uncertain if the email is all Cooper or a combination of Cooper and Newbill links to drive home who is to blame for the Bank/Housing crisis that snowballed into all kinds of economic crises. Newbill didn’t provide any Conservative Monster links so I’ll let you decide if it is all Cooper or Cooper and Newbill.

JRH 5/12/12

Do You want to know why Real Estate Collapsed?

Sent by Tony Newbill
Sent: 5/7/2012 8:24 AM

Canadian Politician Blames U.S. Government Meddling with Banks as the Cause of the Economic Crisis

Steve Cooper

Not one Republican has the guts to say what this brave Canadian politician is saying in this speech (the link is below). The Democrats won't say it, because they prolonged the corruption and bad loans based on race rather than ability to pay back mortgages. This reckless behavior undermined the entire banking infrastructure and then they walked away from them when it came crashing down.

The REAL CAUSE of the housing crisis is just another scandal that the media is hiding from the American dimwits......

Barney Frank, Chris Dodd, Maxine Waters and Andrew Cuomo are just a few that need to be interrogated and jailed for this mess. The American economy was purposely sabotaged and attacked to weaken the banks and to destroy Capitalism.

The terrorists protesting at Occupy Wall Street would never admit the truth about what caused this economic crisis, because they are knowingly part of the lie and the conspiracy.

Pierre Poilievre - Economic Freedom Speech - Enhanced Version  

Nancy Pelosi, Barney Frank, and Democrats are Clueless on Freddie Mac Fannie Mae and the financial credit crisis. 

Bill O' Reilly tears into Barney Frank 


Andrew Cuomo

Andrew Cuomo and Fannie and Freddie, How the youngest HUD secretary caused the mortgage crisis

The Village Voice ^ | August 05, 2008 | Wayne Barrett
Posted on Monday, September 08, 2008 9:06:36 AM by joinedafterattack

There are as many starting points for the mortgage meltdown as there are fears about how far it has yet to go, but one decisive point of departure is the final years of the Clinton administration, when a kid from Queens without any real banking or real-estate experience was the only man in Washington with the power to regulate the giants of home finance, the Federal National Mortgage Association (FNMA) and the Federal Home Loan Mortgage Corporation (FHLMC), better known as Fannie Mae and Freddie Mac.

Andrew Cuomo, the youngest Housing and Urban Development secretary in history, made a series of decisions between 1997 and 2001 that gave birth to the country's current crisis. He took actions that—in combination with many other factors—helped plunge Fannie and Freddie into the subprime markets without putting in place the means to monitor their increasingly risky investments. He turned the Federal Housing Administration mortgage program into a sweetheart lender with sky-high loan ceilings and no money down, and he legalized what a federal judge has branded "kickbacks" to brokers that have fueled the sale of overpriced and unsupportable loans. Three to four million families are now facing foreclosure, and Cuomo is one of the reasons why.
(Excerpt) Read more at ...

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