Hot Air » Blog Archive » McCain hits Raines in new ad, “Advice”; Update: Obama tries CPR on “seven houses” lament

share
25

Recent videos from pecanpii

2 Acorn fraud spreads
Oct 10, 2008
3 Zimbio Pilot - Obamamania
Oct 10, 2008
39 videos see all

what people are saying

pete not commented on this video
The crisis has its roots in the Community Reinvestment Act of 1977, a Carter-era law that purported to prevent "redlining" - denying mortgages to black borrowers - by pressuring banks to make home loans in "low- and moderate-income neighborhoods." Under the act, banks were to be graded on their attentiveness to the "credit needs" of "predominantly minority neighborhoods." The higher a bank's rating, the more likely that regulators would say yes when the bank sought to open a new branch or undertake a merger or acquisition.

But to earn high ratings, banks were forced to make increasingly risky loans to borrowers who wouldn't qualify for a mortgage under normal standards of creditworthiness. The Community Reinvestment Act, made even more stringent during the Clinton administration, trapped lenders in a Catch-22.

Oct
2008
Antisocialist commented on this video
Oh, yeah, Mark H. Certainly. You are simply part of Obama's policy of "I will do or say anything to win." There is NOTHING to what you say.
Oct
2008
Sens. Barack Obama and John McCain are gearing up for their first debate on Friday, September 26, at the University of Mississippi. Both campaigns have agreed to an unusual free-flowing format, but the McCain camp fought for and won a much more structured approach for the questioning at the vice presidential debate.The Oct. 2 debate between Gov. Sarah Palin and Sen. Joe Biden, moderated by Gwen Ifill, will have shorter question-and-answer segments than those for the presidential nominees. McCain advisers said they had been concerned that a loose format could leave Palin, a relatively inexperienced debater, at a disadvantage and largely on the defensive. (more…)
Sep
2008
The Obama campaign reply to the ad:"This is another flat-out lie from a dishonorable campaign that is increasingly incapable of telling the truth. Frank Raines has never advised Senator Obama about anything -- ever. And by the way, someone whose campaign manager and top advisor worked and lobbied for Fannie Mae and Freddie Mac shouldn't be throwing stones from his seven glass houses," said Obama-Biden campaign spokesman Bill Burton.Burton is correct...someone is lying, but who? On the Outside Now, Watching Fannie FalterBy Anita HuslinWednesday, July 16, 2008In the four years since he stepped down as Fannie Mae's chief executive under the shadow of a $6.3 billion accounting scandal, Franklin D. Raines has been quietly constructing a new life for himself. He has shaved eight points off his golf handicap, taken a corner office in Steve Case's D.C. conglomeration of finance, entertainment and health-care companies and more recently, taken calls from Barack Obama's presidential campaign seeking his advice on mortgage and housing policy mattersSOURCEFor more information on Raines please see Pagan Power who I thank for the above information.
Sep
2008
Some people feel this ad was McCain race baiting.  Could be, maybe not. I guess it depends on your perception.  My thing with McCain and this type of ad is simply once again, he's lying.  The Washington Post states:The McCain campaign is clearly exaggerating wildly in attempting to depict Franklin Raines as a close adviser to Obama on "housing and mortgage policy." If we are to believe Raines, he did have a couple of telephone conversations with someone in the Obama campaign. But that hardly makes him an adviser to the candidate himself -- and certainly not in the way depicted in the McCain video release. more about "Advice", posted with vodpod
another test more about "New McCain Ad Targets Obama Aide’s Fr...", posted with vodpod
Obama received $126,000 from Fannie and Freddie.  His campaign calls McCain's new ad lies, but Hot Air posted these archive entries from WaPo telling the same story.Washington Post: 7/16/08: “In the four years since he stepped down as Fannie Mae’s chief executive under the shadow of a $6.3 billion accounting scandal, Franklin D. Raines has been quietly constructing a new life for himself. He has shaved eight points off his golf handicap, taken a corner office in Steve Case’s D.C. conglomeration of finance, entertainment and health-care companies and more recently, taken calls from Barack Obama’s presidential campaign seeking his advice on mortgage and housing policy matters.” 8/28/08: “In the current crisis, their biggest backers have been Democrats such as Senate Banking Committee Chairman Christopher J. Dodd (Conn.) and House Financial Services Committee Chairman Barney Frank (Mass.). Two members of Mr. Obama’s political circle, James A. Johnson and Franklin D. Raines, are former chief executives of Fannie Mae.“ more about "Hot Air » Blog Archive » McCain hits ...", posted with vodpod
Sep
2008
chamay0 added this video and said

Some people feel this ad was McCain race baiting. Could be, maybe not. I guess it depends on your perception. My thing with McCain and this type of ad is simply once again, he's lying. The Washington Post states:

The McCain campaign is clearly exaggerating wildly in attempting to depict Franklin Raines as a close adviser to Obama on "housing and mortgage policy." If we are to believe Raines, he did have a couple of telephone conversations with someone in the Obama campaign. But that hardly makes him an adviser to the candidate himself -- and certainly not in the way depicted in the McCain video release.

add a comment

2000 characters left.

related videos

tags

collected by 11 people

details

5,506 views

original description

Latest spot skewers the Democratic nominee, goes after Franklin Raines, one of Obama’s economic advisers. “Under Raines, Fannie Mae committed ‘extensive financial fraud.’ Raines made millions. Fannie Mae collapsed.” “Barack Obama. Bad advice. Bad instincts. Not ready to lead.” Watch it above. Read script here.
Flag this Video as inappropriate or broken