I wish that was the headline I could report. But the ignorant citizens of Massachusetts (the ones who repeatedly re-elected a man (Teddy Kennedy, "The Swimmer" who murdered his pregnant girlfriend in Chappaquiddick) did it again. They re-elected the ONE MAN responsible for the economic disaster we now face, Barney Frank. Although with the Republicans taking over control of the House, he will likely lose his powerful Financial Services Committee chairmanship. He and Chris Dodd (of the infamous "waitress sandwich" with Kennedy) “rammed through” the “Citizen’s Reinvestment Act of 1976,” the law that FORCED the lenders to do the “risky lending” he now criticizes, in an effort to make you think he was NOT responsible.
That law was strengthened during Bill Clinton’s term and then Attorney General Janet Reno THREATENED lenders who refused to loan money to people who could NOT repay it, a sure prescription for disaster, using Fannie and Freddie to "keep the lid on" until they needed it, just before the election, to get many Democrats elected. I keep talking about this, and nobody does anything about it. In fact, they IGNORE it, saying it is too “simplified.” It is NOT. But as long as Obama is in charge of the means of prosecution, nothing will ever be done. My brother keeps talking about a "massive bank fraud," and this is it. (Poker News Daily