How democrats lied to America, while using community reinvestment act and acorn to destroy the American financial system.
Democrats (Barney Frank, etc) have let this housing crisis happen and I will show you why. Americans are being lied to and now we are being stolen from.
CNN and the media is trying very hard to spin this, everything in this video will have a counter argument and an accusation that conservative republicans are liars.
Yet left wing non-profit organizations are allowed to run amock leveraging government power to extract money out of banks for their own personal wealth, power and gains.
Watch, learn, research.
posted by 911truthnc at 7:58 AM
1 Comments:
If you believe a Left wing volunteer charity destroyed capitalism, while people like Peter Schiff and Dennis Kucinich have been talking about the destruction of the US econ for years, you are insane.
Subprimes were only the first ingredient. Yes, Fannie and Freddie bought them, rebundled them, and sold them to Wall Street.
Wall Street not only traded them, they BORROWED on them, with no-down-payment loans, and with no collateral.
For comparison, Ben Stein (econ analyst, former game show host of Win Ben Stein's Money) said that about $250 Billion is out there in bad mortgages. However Credit Default Swaps account for figures from $45 Trillion to $62 Trillion.
WHERE ARE THESE TENS OF TRILLIONS OF DOLLARS? THEY HAD NO BACKING. INFLATED NUMBERS. SUBPRIMES AS COLLATERAL. The profits off them have been taken, and the debts remain.
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