Andre Cuomo on 04/06/1998 as the Housing and Urban development security forced banks to pay 2.1 billion to help fund low income people to buy homes. Mr. Cuomo admits these are high risk mortgages.

The Federal Housing Enterprises Financial Safety and Soundness Act of 1992 or FHEFSSA is Title XIII to the Housing and Community Development Act of 1992. It establishes the Office of Federal Housing Enterprise Oversight (OFHEO) within the United States Department of Housing and Urban Development (HUD). The act also mandates that HUD set specific goals for the government-sponsored enterprises Fannie Mae and Freddie Mac, with regard to low income and underserved housing areas. http://www.fanniemae.com/aboutfm/charter.jhtml http://uscode.house.gov/download/pls/12C46.txt

ACORN sues (attorney Obama) Citi bank to start issuing high risk mortgages to people that could not afford them. Fannie Mae resisted at first but was ordered by then President Clinton to accept the high risk mortgages. ACORN received over $760 million in fees.

Daniel Mudd (interim CEO 2005) Fannie Mae admits they have accepted more mortgages from minority and high risk people then any other group. “You are the conscience of Fannie Mae” Mr. Mudd talking to the Congressional Black Caucus.

Franklin Rains – CEO Fannie Mae received $50 million – Clinton Budget Director

Jamie Gorelick – received 26 million Fannie Mae – Clinton Justice Department

Jim Johnson – (interim CEO) receives millions form Fannie Mae – Obama Search Committee

http://non-socialist.com/2008/10/fannie-mae-ceo-calling-obama-and-the-dems-the-family-and-conscience-of-fannie-mae/

S. 190 [109th]: Federal Housing Enterprise Regulatory Reform Act of 2005 sponsored by

Sen. Charles Hagel [R-NE]

Co-sponsored by:

Sen. Elizabeth Dole [R-NC]
Sen. John McCain [R-AZ]
Sen. John Sununu [R-NH]

Last Action: Jul 28, 2005: Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.

This is the bill Senator McCain speaks of trying to real in Fannie Mai and Freddie Mac. The Democrats prevented a vote. http://www.govtrack.us/congress/billtext.xpd?bill=s109-190  Now for all you cool aid drinkers, everyone knows this was a Republican Controlled Senate at the time.  However, without the 60 vote majority the minority party can fillilbuster and prevent a bill from coming to a full vote.

How the Democrats Created the Financial Crisis: Kevin Hassett
Stand by for Barny Frank and Dodd:

EVIDENCE FOUND!!! Clinton administration’s “BANK AFFIRMATIVE ACTION” They forced banks to make BAD LOANS and ACORN and Obama’s tie to all of it!!!

Click here to view the embedded video.

·         Redistribute income

·         Universal health care (didn’t work in Hawaii)

·         Silence conservative radio then television then the internet and last but not least the people. Only the first step http://thecaucus.blogs.nytimes.com/2008/10/17/obama-campaign-seeks-special-prosecutor-inquiry/  or shall we consider what the media is doing to a United States Citizen i.e. Joe the Plummer?

·         The media will be the second tear of the socialist government so you will only be allowed to speak as long as it does not offend the first tier (the government)

·         And don’t forget about the global tax to help fund the UN and other socialist programs.  

 From the Office of Hillery Clinton: 

Dear Thor,

Sixty is the magic number. If we reach 60 Democrats in the Senate, then the days of Republican obstruction are over. With Barack Obama and Joe Biden in the White House and a filibuster-proof majority in the Senate, there’s nothing we can’t accomplish.

But we can’t reach 60 if these three Democrats don’t win their extraordinarily close races: Mark Begich up in Alaska, Jeff Merkley in Oregon, and Mark Udall in Colorado.

I need these three Democrats working side-by-side with me on the Senate floor to accomplish the goals you and I set out — rebuilding a strong middle class, health care for every American, and ending the war in Iraq. Barack Obama needs their help to reach a filibuster-proof majority that will end GOP obstruction once and for all.