Yet another blog post talking specifically about the Politicians and The United States government hiding things from the general public. The financial crisis, was something that was an issue in 2004, however with so many different politicians denying the fact that there was a huge economic crisis that we as Americans were going to have to suffer in a few years.
Check out this video, some of the statements given in this video will shock you. It definitely shocked me...http://www.youtube.com/watch?v=_MGT_cSi7Rs . The video in the end points out the fact that Frank Raines who happens to be Barack Obama's Economic Advisor, lied in order to "line his own pockets." Is there proof of this, I dont know. But what I do know is that this video is from 2004, and you can clearly see the Democrats trying to cover up, and make it seem much less important than it was. On the other hand you can see the Republicans clearly trying to explain that there needs to be more regulation of FANNIE MAE and FREDDIE MAC, in order to avoid the foreseable economic crisis down the road. Numerous times throughout the video different Democrats point in the other direction claiming that the regulators are pushing too hard and there is no reason for this because there is no economic crisis going to be brought about by FANNIE MAE and FREDDIE MAC, which of course is a load of crap. The video points out that financial institutions bought out huge packages of loans from FANNIE and FREDDIE because they are government insured. The end of the video, shows a CNN interview with former President Clinton. Where he explains that the Democrats even as far back as when he was President, resisted the Republican cries to "tighten up a little bit on FANNIE MAE and FREDDIE MAC."
When is the American public going to learn that if we don't make ourselves heard, we are going to find ourselves in a terrible world.
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