Love this clip.....people do not realize the current crisis goes back to the late 90's and the Clinton Administration. Just ask Chris Dodd, Barney Frank or Charlie Rangel. They are the one that pushed to expand Fannie Mae and Freddie Mac...more folks that did nto qualify for loans needed to be in homes. P.S. Chris Dodd got a loan with Fannie Mae and Freddie...just ask the folks at the now defunct Country Wide.

Obama is a Dem! Acorn, Fanny Mae & Freddie! Dems got us into this mess with Sub Prime Minority Loans. Obama is the cancer spreading from the Dems! Republicans are no prize, because they have comprimised due to fear of being called a name! They wanted to get along, and you cant!

What did (and does) Barack Obama have to do with the current economic crisis?

So why are they blaming Bush now? Democrats are sociopaths! They have no conscience! more about "Explosive Video, Fannie Mae CEO calli…", posted with vodpod ������

Explosive Video, Fannie Mae CEO calling Obama and the Dems the Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis

The CEO of Fannie Mae in 2005 explaining the "FAMILY" connection with Democrats.The hypocrisy of the Democrats, specifically Barack Obama and the Congressional Black Caucus Barack Obama the hypocrisy continues. The culture of lies leads to the culture of corruption.

On May 25, 2006 John McCain called for reform of Freddie Mac and Fannie Mae. He co-sponsored the S. 190 : Federal Housing Enterprise Regulatory Reform Act of 2005 that was introduced in January 2005.Sen. John McCain : Mr. President, this week Fannie Mae’s regulator reported that the company’s quarterly reports of profit growth over the past few years were “illusions deliberately and systematically created” by the company’s senior management, which resulted in a $10.6 billion accounting scandal.The Office of Federal Housing Enterprise Oversight’s report goes on to say that Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets in order to trigger bonuses for senior executives. In the case of Franklin Raines, Fannie Mae’s former chief executive officer, OFHEO’s report shows that over half of Mr. Raines’ compensation for the 6 years through 2003 was directly tied to meeting earnings targets. The report of financial misconduct at Fannie Mae echoes the deeply troubling $5 billion profit restatement at Freddie Mac.The OFHEO report also states that Fannie Mae used its political power to lobby Congress in an effort to interfere with the regulator’s examination of the company’s accounting problems. This report comes some weeks after Freddie Mac paid a record $3.8 million fine in a settlement with the Federal Election Commission and restated lobbying disclosure reports from 2004 to 2005. These are entities that have demonstrated over and over again that they are deeply in need of reform.For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac–known as Government-sponsored entities or GSEs–and the sheer magnitude of these companies and the role they play in the housing market. OFHEO’s report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO’s report solidifies my view that the GSEs need to be reformed without delay. Quick Info S. 190 : Federal

Obama is a Don.