Wednesday, September 24, 2008

Bail out

The more I dig the scarier it gets. This is a tough election. I can't figure out who is worse. Can our country survive another 4 years under red rule? Are the blue any better?
It is sickening to find out how much profit corporate execs slipped out the back door with over the housing and credit crisis.
Frank Raines the former chairman and chief executive officer of Fannie Mae served as White House budget director under President Bill Clinton. There are allegations that Mr. Raines is an advisor to Barack Obama. Obama is the 3rd highest recipient of contributions from Fannie Mae of any American politician, receiving over $105,000 in a single year. The Washington Post reported Raines received calls from the Obama campaign seeking advise about mortgages and the housing market. Raines made millions then snuck out the back door of Fannie Mae while it was under investigation for "accounting irregularities". Both Raines and the Obama Campaign claim that Raines is not an Obama advisor and has never advised Senator Obama. Why the denial?

Countrywide is somehow involved in all of this. FoA or Friends of Mozilo gave preferential
treatment to "certain borrowers" guess whose name comes up? Raines.

If you have the stomach to handle it, there are so many examples of criminal activity by these big financial institutions. For example, the injustices Countrywide unloaded on its borrowers and the American public is truly criminal. It extends beyond anything this country has ever seen. Just look around the internet and read about all the criminal acts carried out by these financial giants.

Countrywide is accused of purposely posting payments after the due date to charge late fees. This is the least of what they have been accused of. If you want to see just some of the complaints about Countrywide start here.

The corruption in Washington and Wall Street over the almighty dollar has caused our potential collapse. It is disgusting!!!!!!!!

Lovin' Rep. paul Kanjorski on C-Span right now. He is the first to ask Paulson (treasury secretary) to speak English regarding this whole "crisis" in the economy. Everyday people would like to know what the heck is going on? How dire is it? What does it mean?

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