Posted by
The New THOMA$ REPORT on Wednesday, August 25, 2010 2:45:47 PM
That’s what Obama says. What a big LOAD of stinky brown stuff! This law will not “fix” ANYTHING as long as the Citizen’s Reinvestment Act of 1976 (passed to FORCE lenders to loan money to people who could not repay it) is still in effect and being enforced. And it is. This law (perpetrated by Chris Dodd and Barney Frank) CAUSED the “economic disaster” from which we’re now suffering, to get Obama and the rest of the liberal elites (the "ruling class") elected And take over the government in a “bloodless coup.” Fannie and Freddie were charged with buying up all those bad loans until they were “ready to pull the plug,” which they did, just before the 2008 election, This resulted in Obama’s election, and the election of way too many liberals to that “lap dog” organization, the Congress. Fannie and Freddy are now back in business, with unlimited funds with which to continue to buy up those bad loans until Obama’s forces need to “pull the plug” again. It is just common sense to know you CANNOT loan money to people who cannot repay it without creating an “economic disaster.” But liberals do not have common sense. (Just common sense)