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September 17, 2008

"Community Organizers" ACORN Bought Off by Fannie and Freddie
Plus, Obama's Top Advisor, Franklin Raines, Disgraced Former Fannie Mae CEO

The media will not report this. Get the word out to everyone in your email lists.

This entire scandal has the Democrats' fingerprints all over it. And Obama's right in the middle, collecting the most money from these people -- except the odious chairman of the banking committee, Chris Dodd, who by the way received "VIP" mortgage rates from CountryWide -- and yet the Obama camp and the media (BIRM) are trying to hang it on McCain.

McCain, the guy who warned everyone in 2005 that we needed reform or precisely this would happen.

Dan Collins... Has been pounding this drum all week. Read him.

ACORN! Why did Fannie and Freddie make so many unsound loans?

Because Obama's buddies in ACORN pressured them to. And then (as the video in a previous post noted) Fannie's CEO called Barack Obama a member of the "family" and thanked him for pressuring him to make unsound loans.

Which you now have to subsidize.

And Barack Obama's Finance Chair, Penny Pritzker, has a "special place" in engineering the sub-prime meltdown:

“The [sub-prime] financial engineering that created the Wall Street meltdown was developed by the Pritzkers and Ernst and Young, working with Merrill Lynch to sell bonds securitized by sub-prime mortgages,” Timothy J. Anderson, a whistleblower on financial and bank fraud, told me in an interview.

“The sub-prime mortgages,” Anderson said, “were provided to Merrill Lynch, by a nation-wide Pritzker origination system, using Superior as the cash cow, with many millions in FDIC insured deposits. Superior’s owners were to sub-prime lending, what Michael Milken was to junk bonds.”

Thanks to Jack Straw.






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