Monday, January 30, 2012

Obama's New Mortgage Task Force

Socialist President Obama has formed the Residential Mortgage-Backed Securities Working Group to investigate lending practices that led to the financial calamity.   As part of Obama's Class Warfare reelection strategy, the purpose of this Task Force is to identify some big name mortgage executives and perhaps send them to jail for giving mortgages to people who could not afford to repay them.   This Blogger has no problem with doing this, except we also need identify those politicians, of both political parties, who were on the take from Freddie Mac and Fannie Mae.

While some Republicans took Fannie and Freddie campaign contributions, it was Socialists like Barnie Frank,  Chuckie Schummer, Chris Dodd and none other than then Senator Barack Obama, among many others, that took millions of dollars from Fannie and Freddie.   So much so that when President George W Bush asked Congress to regulate Fannie and Freddie because he saw the disaster coming, Socialists in Congress, that controlled the Congress at the time, refused to so. 

And, let's not forget about Franklin Delano Raines, a former Clinton guy and the crook who ran Fannie Mae.   Raines was forced to resign; but not before he walked away with millions of dollars in severance.  Look, the mortgage debacle began during the Clinton Presidency, when Socialists accused mortgage companies of "red lining" because they refused to make loans to Socialist's PEEP's that could not qualify under normal under writing requirements.   Crooks like Barnie Frank and Chuckie Schummer screamed discrimination and threatened mortgage companies with more regulations if they did not begin lending to those that were a poor credit risk.   As a result, mortgage companies opened the flood gates once they figured out that money could be made making sub prime loans. 

And, then there was former Socialist Senator Chris Dodd, among others, who was a "Friend of Angelo" the former CEO, Angelo Misulo, of Countrywide Mortgage.  Dodd and others in government received preferential mortgage rates on their mortgages because they were in a position to control regulations on mortgages.  Angelo took care of his friends.  Obama's Mortgage Task Force is a great idea; but only if it also goes after the crooks in government that should be in jail, rather than in Congress.   What are the odds that is going to happen any time soon.   Oh, about zero.   

We have to take back our country in 2012 and 2014 by getting rid of all these crooks feeding at the trough.   We must sweep Socialists at all levels of government, including President Obama and even some Republican crooks out of office in 2012 and 2014.   These characters have become millionaires at our expense by selling their votes in Congress.   We must elect Tea Party Conservative Candidates willing to shake things up.  That means that Establishment Republicans, that have been feeding at the trough for years are not too much better than Socialists, though Socialists are owned lock, stock and barrel by public employee unions, which makes them worse. 

We have to take back our country in 2012 and 2014 and in doing so, we must push for Congressional Term Limits to help curve corruption in Washington DC.   We can do it.   We must do it to preserve our freedom, our nation and way of life for the sake of our children and grandchildren.  In the mean time, right around election time in October expect some show arrests of mortgage company executives.   Don't hold you breath related to arrest of any crooked politicians.   That is not going to happen any time soon.

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