Had Christopher Dodd Supported GOP Regulations In 2001, 2003, 2005 – Housing Bubble Would Not Have Happened – Including Goldman Sachs!
UNCOVERING THE SHIT THE DEMOCRATS WERE DOING BEHIND OUR BACKS, IS LIKE PARENTS, FINDING OUT WHAT TROUBLE THEIR LITTLE DARLINGS GOT INTO WHILE AT SUMMER CAMP!
In 2003, the Democrats blocked President Bush’s Oversight Agency Regulation for Fannie Mae & Freddie Mac. In 2005, The Democrats again repeated their blocking of S.190 co-sponsored by John McCain. The passage of these two regulations, would have prevented the Democrats from bilking the credit system and predatory overextension to people who could not possibly have made the monthly mortgage payments.
HERE SENATOR ‘DIP-PITY’ SCHUMER, NOT ONLY PROMOTES FISCAL IRRESPONSIBILITY -HE LAVISHES ‘HIS FACT’ THAT AMERICANS DO NOT CARE. WHY HELL, SCHUMER IS SO GIDDY WITH THIS OPPORTUNITY TO SHUVE DEBT AFTER DEBT DOWN AMERICA’S THROATS, THAT THANX TO THE PODIUM, IT SAVED HIM THE EMBARRASSMENT OF WET PANTS.
IF BUSH WAS RESPONSIBLE FOR THIS HOUSING DEBT, SCHUMER WOULD HAVE BEEN MORE EMPATHETIC IN HIS WORDS WHEN ADDRESSING THE AMERICAN PUBLIC AND HOW ALL THIS PORK WAS NECESSARY TO RECTIFY BUSH’S ERRORS.
BUT IN FACT, REPUBLICANS/BUSH WROTE THREE BILLS TO STOP THE BILKING OF FANNIE MAE AND FREDDIE MAC IN THE YEARS OF 2001, 2003, & 2005 S.190! THE DEMOCRATS BLOCKED EVERYONE OF THESE ATTEMPTS TO PUT AN END TO PREDATORY LENDING AND BILKING OF FANNIE MAE AND FREDDIE MAC.
OH LETS NOT FORGET HOW BARNEY FRANK WAS SLEEPING WITH A FANNIE MAE EXECUTIVE . OTHER THAN THIS BEING A SAME SEX PORNO OPPORTUNITY FOR BARNEY – IT WAS ALSO A VIOLATION OF INTERESTS.
- NOEMIE EMERY ON THE HOUSING CRASH: Twice, Bush tried to rein in Fannie Mae and Freddie Mac, and t… (pjmedia.com)
- How Goldman Sachs is sidestepping the Volcker rule (business.financialpost.com)
- Obama Wrong: Housing, Not Tax, Policy Caused Recession (amren.com)
- Middle and lower class workers see taxes rise so Obama can give Goldman Sachs a tax break (floppingaces.net)