Jimmy Carter started this CRA debacle and Bill Clinton put it on steroids by forcing the banks, financiers on Wall Street and mortgage companies to make predatory loans to people who were not financially prepared to pay the mortgages on their homes. We are watching the colossal, robber baron recovery unfold with $700 billion of taxpayers money.
Now everyone is suffering because greedy people and power hungry, political parasites created the high risk market and sub-prime loans – housing bubble – with Fannie Mae and Freddie Mac and mortgage companies. http://uk.youtube.com/watch?v=NU6fuFrdCJY
Penny Pritzer, Obama finance chair, James Johnson, Obama lobbyist and VP Vettor. Franklin Raines, personal advisor, are at the highest level in the Obama campaign. they were in charge and instrumental in the demise of Fannie Mae and Freddie Mac and their partners, Wall Street financiers with the blessings of Barney Frank, finance chair and Chris Dodd, banking chair.
Obama made this statement on his choice for Supreme Court Justices, “We need somebody who’s got the heart, the empathy, to recognize what it’s like to be a young teenage mom. The empathy to understand what it’s like to be poor, or African-American, or gay, or disabled, or old. And that’s the criteria by which I’m going to be selecting my judges.”
So, if you want a Supreme Court stacked with justices and federal judges who rule from the bench and make laws rather than interpret our U.S.Constitution, Obama is “The One.”
http://www.johnmccain.com/dreamsdestiny/http://www.youtube.com/watch?v=iQhjaCgAS80 http://www.youtube.com/watch?v=I0SuAGtMu8A& NR=1