It had to happen

What a right mess this Democrat Party love-child, Fannie Mae (and later Freddie Mac) have put us in. Democrat FDR created this Fannie as part of his New Deal. Then we all know the Democrat controlled House and Senate in 1977 introduced the CRA, which, Fannie and Freddie facilitated the implementation of. Then Democrat Clinton expanded the scope of the Community Reinvestment Act (previous link, also).

Note in the above link, H.W. Bush signed legislation requiring more regulation of the now-failed Act.

But what did Clinton do in ’92 (also from above link)?

Although not part of the CRA, in order to achieve similar aims the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 required Fannie Mae and Freddie Mac, the two government sponsored enterprises that purchase and securitize mortgages, to devote a percentage of their lending to support affordable housing.

And Clinton in ’95? Less regulation of the Act.

As reported before, Fannie and Freddie accounted for about 50% of the entire mortage market, or $5,300,000,000,000. True. Or, in other words, they accounted for 95% of the subprime mortgage market.

A few excerpts from the link, dated 2003.

On the other hand, (Fannie Mae’s and Freddie Mac’s) combined debt is equal to 46 percent of the current national debt.

Fannie Mae and Freddie Mac are the only two Fortune 500 companies that are not required to inform the public about any financial difficulties that they may be having.

The current assets of these two companies combine for a total that is 45 percent greater than that of the nation’s largest bank.

Fuck you Democrats for this evil love child of yours. And to be fair, fuck you Republicans for never aborting it.

Yeah, right. Obama hasn’t been in bed with Bill Ayers for years.

Honestly, I hardly knew the guy.

"Honestly, I hardly knew the guy."

The whole enchilada is over at Zombietime.

Zombie links to Michelle, too, who notes that Ayers’ book states that not only did Obama and Ayers live in the same neighborhood but that Nation of Islam leader, Louis Farrakhan did too.

Sure. Any court of Law will point out there is no guilt by association but it is all a bit (???) too cosy for comfort (Ayers, Rezko, Raines, Johnson, ACORN), especially if we remember Louis’ “Let’s give them the Farrakhan test” speech back in March. Referring to Obama, he ponders why this wasn’t given to Hillary. BTW, no mention of Barack’s redistribute-the-wealth socialist policies… no, it’s all about race (groan).

Why didn’t Hillary get the litmus test, Louis? Er, probably since Hillary didn’t live in the same neighborhood as you, Louis.  Probably since former terrorist, Ayers, refers to you and Barack in the same sentence.

Nice try at the cheap racist/religious shot, though, Louis.

Sarah Palin on Saturday Night Live

News Busters seems to be first up with… the video.

SNL came on air when I was in high school, and I loved it, of course. Haven’t been a regular watcher since I got out of college, and I probably haven’t watched a single episode in ten years or more (Which is about how long I haven’t been a pothead. LOL!). In fact, other than Tina Fey, I have no idea who the cast members are, and I only know Tina from the YouTube vids of her playing Sarah Palin. Anyway, it looks like Gov. Palin had a good time, even if the sketches were a bit lame. The bit with Alec Baldwin was pretty fucking cool though. LOL!

Posted in Funny, Palin. Tags: . 4 Comments »
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