Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis

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Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis. At a 2004 hearing see Democrat after Democrat covering up and attacking the regulations to protect Fannie Mae and Freddie Mac (their Cash Cows) that are now destroying our economy because the Democrats let them cheat.

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25 Responses to Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis

  1. Sistarovat says:

    Ignorant negroes have no business serving in Congress.

  2. usernameatthemoment says:

    I thought a better pronunciation for this bank would be “Fenema”.

  3. froppo says:

    @froppo…and on that note, look at the idiots in this video who attempted to do nothing about it and look at how many of them are still serving in congress. The people who continually keep these morons elected must be as stupid as a rock.

  4. froppo says:

    I’m in no way defending Bush. He was part of the problem too. He was a “Big Government” Republican. If you don’t think he was look at the Patriot Act, Look at the No Child Left Behind Act. He supported Fannie Mae and Freddie Mac because they were big government programs that were popular at the time and he was attempting to be a popular president. Truth of the matter there were good people in congress who tried to stop it and there were idiotic people in congress who did nothing about it.

  5. ironjamesvane says:

    Ron paul save us!

  6. possumpistol says:

    Read the Declaration of Independence, the US Constitution, the Federalist Papers, George Washington’s farewell address, & Bastiat’s essay The Law. We must save our republic, our liberty & time is running out. Restore America 2012 RON PAUL for President. “There are two ways to conquer a nation. One is by the sword. The other is by DEBT.” John Adams 2nd US Pres. We are under siege. Educate yourself. Then vote for freedom. RON PAUL IN 2012

  7. onwisconsin100 says:

    This video is apparently highly edited. What are the dates, and times? It appears as a cut and paste.
    In 2003, you have Bush changing the rules for home ownership, so even undocumented people can now “own the American dream”. He makes Fannie and Freddie give out billions in new home loans. So, the scene of Clinton saying there needed to be regulation during his time, is waaaaaay before junior told F&F to give away loans in 2003.

  8. JaneMaroni says:

    i like this page thank you

  9. kjp68 says:

    Why are people in congress aloud to trade on information they are privi to .If you look at people in congress and their salaries .The wealth they accumulate far accedes the salaries . It is plain and simple to see the fraud they are committing but they are immune from it because they right the law it is holy immoral and needs to be looked at .Also when politicians get legislation threw that rewards their bank balance instead of benefiting the whole of society we have a problem .

  10. MarcAOuellette says:

    8:1 People are starting to wake up

  11. jonescomplete says:

    @lmdslam yah, my point exactly. I am not a republican so I have no problem with that!
    If you really believe that bullshit (that one republican leader was solely responsible), you’re just another politard moron.

    There is swathes of other factors, the above included, that indicate both political parties as guilty entities, particularly the democrats. hell, look at 60 min yesterday

    The main problem is the amount of economic power the government has, and its sole dominion over regulation.

  12. lmdslam says:

    @jonescomplete or was it, republican government fails again?

    go to HOME OWNERSHIP AND PRESIDENT BUSH on youtube.

    “Fannie mae and Freddie mac as well as federal home loan banks will increase their commitment to minority home markets by 440 billion dollars.” Bush 2002

  13. jonescomplete says:

    @HemiHead66 LOL.

  14. jonescomplete says:

    Big government fails again.

    Idiots everywhere surprised

    Morons call for bigger government

  15. HemiHead66 says:

    @lmdslam You got that right! The GOP always were good propaganda pushing bullshit artists.

  16. lmdslam says:

    @securekk fannie and fred were created because the private bankers were forcing home owners to refinance every three years to stay in there home, thus never really paying off the mortgage. Big business manipulated the market forcing government to step in just like it always does.

  17. lmdslam says:

    @basscataz yeah this video has almost 4 million views and the HOME OWNERSHIP AND PRESIDENT BUSH at youtube has only 57000 views. Goes to show you how uninformed the public really is on what really caused the economic crash.

  18. dsjj251 says:

    LMFAO, you realize republicans did the same right ?

  19. basscataz says:

    LOOK @ THE STATS ON THIS VIDEO. every country sans a couple, have viewed this.:)

  20. securekk says:

    Fannie and Freddie should not have been created to begin with. Saying it’s the dems or the Repub fault is ridiculous. These entities were CREATED in order to help banks ‘cheat’ by giving bad loans. To then say that entities created to cheat the system weren’t ‘regulated enough’ is preposterous

  21. MetaTransFormofSylvi says:

    I think I am going to think about party labels and just see these people as un-informed at best. Every party has good, bad, and the ugly. They should have done better.

  22. lmdslam says:

    @ “Last year I set a goal to add 5.5 million new minority homeowners in America by the end of the decade. That is an attainable goal; that is an essential goal. And we’re making progress toward that goal. In the past 18 months, more than 1 million minority families have become homeowners. ” bush 2003. “Fannie mae and Freddie mac as well as federal home loan banks will increase their commitment to minority home markets by 440 billion dollars.” Bush 2002
    Search HOME OWNERSHIP AND PRESIDENT BUSH

  23. lmdslam says:

    @dagofro “One of the biggest hurdles to homeownership is getting money for a downpayment. This administration has recognized that, and so today I’m honored to be here to sign a law that will help many low-income buyers to overcome that hurdle and to achieve an important part of the American Dream.” Bush 2003
    “I’m asking Congress to pass my Zero Down Payment Initiative. We should remove the 3 percent down payment rule for first time home buyers with FHA-insured mortgages.”
    Bush 2004

  24. dagofromchicago says:

    Dumbocrats are pro affirmative action, they are in favor for unqualified minority applicants getting job positions over qualified white applicants , so why would any white person ever vote for the Dumbocrat party???? dont just put thumbs down, if your white, please explain why you would vote for a party that would give a job to a unqualified minority applicant over a qualified white applicant

  25. shanana000 says:

    DAMN AZZ DEOMOCRATS ONCE AGAIN TURNING AMERICA INTO DETROIT. BIT BY BIT…GIVE THEM DEMS 40 YEARS LIKE DETROIT DID AND WATCH WHAT HAPPENS….AMERICA WILL BE NOTHING MORE THEN A WASTELAND!