How the Democrats are liars and blocked John McCain’s attempts of reform and regulation at Fannie Mae and Freddie Mac
It is amazing to me that the Democrats are lying about their involvement in the failure of Fannie Mae and Freddie Mac. Yes lying!
In the following clip, you can see Maxine Waters, Barney Frank, and other democrats attacking the regulator who exposed the “cooking of the books” by Fannie Mae and Freddie Mac leadership.
You have Barney Frank saying that he doesn’t see a problem and no need to see any new regulations.
You have Maxine Water saying that the GSE’s are working and that they should continue to give 100 percent loans.
Here is a quote from Rep Gregory Meeks (D-New York) during the hearing.
“They’ve done a tremendous job. There’s been nothing that was indicated that’s wrong with Fannie Mae. Freddie Mac has come up on its own. And the question that then presents is the competence that your agency has with reference to deciding and regulating these GSEs [government-sponsored enterprises]. And so I wish I could sit here and say that I am not upset with you but I am very upset because you know what you do is give, maybe giving a reason to, as Mr. Gonazlez said, to give someone a heart surgery when they don’t need it.”
And you have Republicans raising the flag and saying that there needs to be more regulation. Take a look for yourself. Read more
A great op-ed piece from David Gergen, A Deepening Leadership Crisis
A Deepening Leadership Crisis - David Gergen
This is a really insightful post of the lack of trust amongst the leadership of our country today. Not only a trust in our President, but trust in the leadership of all levels of government and most of the private sector.
Where will our next great leader come from? Is it one of the candidates running for President? Is there someone else out there?
We need a great leader to come forward. I hope they come soon, because we definitely need it.
Flickr Photos
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