09-26-2008, 11:47 PM
Don.... I have in fact read most of those documents online. I've even posted links to a few of them here over the past couple weeks. The basic time line and characters in this drama are real. Barney Frank, Chris Dodd, Jim Johnson, Franklin Raines et al.
I have yet to hear a logical liberal explanation (excuse) for the role just these four have had in the failure of Fannie/Freddie. These were "hands on" people. Not figments of my imagination.
I don't pretend to understand all the machinations, but the picture is becoming much clearer and the dots easier to connect.
No one listened to John McCain in May of 2006 when he predicted the failure of F/F. He specifically named Johnson as a "problem". He specifically pointed out that auditors had found malfeasance in the bookkeeping practices at Fannie Mae. Employees at Fannie admitted to doctoring documents. His call for oversight and a change in regulating practices fell on dead ears and the Bill died in committee.
What Democrat raised the clarion call? NONE! Most were too busy taking PAC money from F/F lobbyists. They surely wouldn't want to kill their golden goose would they? I'm not saying there weren't Republicans on the take as well, but where was ONE Democrat that made a move to protect the American people?
The documentation is out there. Who took the most PAC money over a 10 year period? Chris Dodd. Who took the second most money? Barack Obama (even though he'd only been in office for 2 years). The same document shows that McCain too ZERO Pac money from F/F. He did receive about $21,000 in donations from individuals at F/F. I provided a link to this info in an earlier post.
But not one of you liberals here have been able to defend Dodd, Johnson, Raines, Obama, Frank beyond generalities and party line mumbo jumbo about it all being Booosh's fault.
I have yet to hear a logical liberal explanation (excuse) for the role just these four have had in the failure of Fannie/Freddie. These were "hands on" people. Not figments of my imagination.
I don't pretend to understand all the machinations, but the picture is becoming much clearer and the dots easier to connect.
No one listened to John McCain in May of 2006 when he predicted the failure of F/F. He specifically named Johnson as a "problem". He specifically pointed out that auditors had found malfeasance in the bookkeeping practices at Fannie Mae. Employees at Fannie admitted to doctoring documents. His call for oversight and a change in regulating practices fell on dead ears and the Bill died in committee.
What Democrat raised the clarion call? NONE! Most were too busy taking PAC money from F/F lobbyists. They surely wouldn't want to kill their golden goose would they? I'm not saying there weren't Republicans on the take as well, but where was ONE Democrat that made a move to protect the American people?
The documentation is out there. Who took the most PAC money over a 10 year period? Chris Dodd. Who took the second most money? Barack Obama (even though he'd only been in office for 2 years). The same document shows that McCain too ZERO Pac money from F/F. He did receive about $21,000 in donations from individuals at F/F. I provided a link to this info in an earlier post.
But not one of you liberals here have been able to defend Dodd, Johnson, Raines, Obama, Frank beyond generalities and party line mumbo jumbo about it all being Booosh's fault.