Monday, September 29, 2008

Video Proving Dems Covered Up Fannie/Freddie Problems!

The current meltdown is due to bad loans given to people who didn't qualify and the banks that are now stuck with them. In 2005, Republicans wanted to get some regulations in place, but Dems blocked it - Dems like Rep. Barney Frank and Sen. Chris "I got a sweetheart mortgage from Countryside and the most campaign cash from Freddie and Fannie" Dodd - and combined with Clinton era pressure to give poor minorities loans they could ill-afford they set this snowball a-rollin'. Of course, you can't mention these inconvenient truths because they're politically incorrect and racist and blah-blah-woof-woof. Nevermind that it's the Truth; the Truth is out of style.

The spin from the Dems as promulgated thru their allies in the Treason Media is that this is all the Stupid Party's fault, but as this video show, that's 180 degrees opposite from reality. Watch it and compare to what the TM spoon-feeds you on the news this evening.

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