September 30, 2008

Covering Up The Fannie Mae, Freddie Mac Scam

Corruption is rampant, and hypocrisy abounds, and we are expected to pay for it, unfortunately.

Just watching this video makes me almost physically ill, and two of the people on here, make it especially so. Maybe, the old saying, "What you don't know, won't hurt you," applies when it comes to the present situation.

Unfortunately, I do know quite a bit about at least two of the speakers in the video: Barney Franks, and Maxine Waters.

Barney Frank (D., Mass.) who blamed the Republicans for causing yesterday's bailout bill to fail, benefited quite handsomely from Fannie Mae, not to mention that his former "spouse" just happened to be the CEO of Fannie Mae at one time.

The other one, Maxine Waters (D-Calif) was named as one of the "most corrupt" members of Congress two years in a row because of her abuse of power in order to benefit her family, financially.

She is, also, well-known for her defense of the people involved in the Los Angeles riots of 1992.

She said, in part: "If you call it a riot it sounds like it was just a bunch of crazy people who went out and did bad things for no reason. I maintain it was somewhat understandable, if not acceptable. So I call it a rebellion."

She also said it was "a spontaneous reaction to a lot of injustice" and "The anger in my district is righteous. I'm just as angry as they are."

Well, Ms. Waters, there are a lot of angry people right now, who are pretty tired of the injustices foisted on them by greedy companies and crooked organizations which have been aided and abetted by corrupt politicians.

Rebellion could be in the backs of their minds, for sure...I wonder how "righteous" you would consider that to be.


Anonymous said...

The world is full of trash. Some such individuals are in positions of power. It's enough to make you sick, but it's how it is. Maybe it's always been that way? I'm trying not to watch the news.

rockync said...

This has been a long time coming; I'm just surprised it hasn't happened sooner -- wait, in fact, we have had harbringers of things to come. Remember the savings & loan fiasco of the 80s? Seems the government stepped into that one and promised more stringent regulations that never happened. When you have an industry that proves time and again that they will not police themselves to protect consumers then the government must have some oversight. I'm not talking nanny government here but sane and judicious guidelines. We have OSHA to protect workers, we have HIPPA and state inspectors to protect patients -- so protections in place to protect our investments should have and could have been enacted over the years.
Of course, the absolute corruption of Washington has been ongoing for years and it transcends party lines/ political affiliations. We, the people, have been taken for one horrific, devastating ride and I don't think "we" are gonna take it anymore. I think that video is mostly GOP propaganda and edited to be skewed to their agenda. Remember, Reagan was the king of deregulation and no party has tried to amend that in all these years. Even so, there are too many "bad apples" in charge and our whole system of government needs a serious overhaul.

Jan said...

rockync..yes, it's true that there's plenty of blame to go around, but from what I see, some of the players seem to be more guilty than others.

For instance, Obama was a recipient of a pretty hefty amount of money..second on the list of three who benefited the most..Christopher Dodd, was number one, and John Kerry came in at third.

Current members of Congress have received a total of $4.8 million from Fannie Mae and Freddie Mac, with Democrats collecting 57 percent of that.

And, of course, we all know about Obama's connection with ACORN. He trained them in techniques in dealing with lenders, which amounted to nothing less than intimidation, in my opinion, but maybe that was part of his job description as "community organizer."

We are in agreement that when it comes to greed and corruption, there's an abundance of it on both sides..not to mention a whole lot of hypocrisy.

Jan said...'re smart not to watch the news..especially if you want to keep your cool!

rockync said...

"Current members of Congress have received a total of $4.8 million from Fannie Mae and Freddie Mac, with Democrats collecting 57 percent of that."
So wherever these stats come from, the Republicans benefitting are 7% less guilty? At least now I know who is so much more trustworthy.
Personally, I'd like to see the abolishment of our current two party system and the money train that runs it for a system that allows for parties like the libetarians and green parties to be competitive. I'd also like to see congressional limits on terms so that we don't have career politicians (think Strom Thurman and Jesse Helmes). There also needs to be greater scrutiny of the financial sources of all public servants and they should have to recuse themselves from voting on anything that they directly profit from.
That ought to clean out Washington -- moving on to the Middle East... :)

Jan said...

"I'd also like to see congressional limits on terms so that we don't have career politicians (think Strom Thurman and Jesse Helmes)."

rockyn..I agree.

Included in the "clean sweep" should be tenured Federal Judges.

It would, also, be good to eliminate the practice of appointing surviving spouses to offices, and friends, relatives, and cohorts, being given ambassadorships.

Oh, and let's not forget Presidential pardons..the list goes on, and on. :)

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