Bringing Down the House

The goal of the progressive far left is simple. Overwhelm the system. And they are!


From Hippies to Radicals, they're bringing down YOUR house

Source: Adrian Wyld, CP / AP

Oh my, how many times will you let these fellows get away with it?

The Clinton / Obama blame game goes on blaming Bush for the financial collapse, while the drive-by's suddenly forget recent American history.

It was mainly these two Democrats, one nationally representing his party and one representing a socialist ideology on the south side of Chicago, that pushed bank CEO's to make bad mortgage loans in the 1990s, causing the crises we have today. It was not based on finances. It was based on politics . . . the creation of a new voting block for the Democrat Party by giving homes to those who couldn't afford them. How soon you forget or weren't told what went on just over a decade ago.

Let's revisit those days of corruption to fundamentally change America.

Obama, as an attorney for ACORN in Chicago, taught ACORN to use back-door radical power tactics to go stand still for hours in bank lobbies, meeting rooms, and at CEO homes to harass bankers into giving loans to people who couldn't afford them without causing police interference. ACORN had referred to the banks as"Racists."

Then Clinton, as president had his Attorney General, Janet Reno, go in the front door and accuse the banks of "Redlining" poor neighborhoods, threatening regulation if the loans weren't given out. When the banks finally caved into national pressure from the Democrats and localized pressure from the a Marxist-like ACORN membership, they had to ask, "Where do we place these loans because we know the people you want them given to can't afford them?"

Clinton had the answer ready in his pocket. "You can sell them to the government. You can sell them to Freddie and Fannie."

Suddenly all these unqualified people who were given the mortgage loans would be thought to be indebted forever to the Democrat Party, hopefully changing votes by a few points in up coming elections that had almost been 50/50 for many years. Through its efforts, the party created another entitlement that would burden taxpayers even more. . . a guaranteed new voting block for the so-called Party of Hope. With Freddie and Fannie under control of the Democrats taking over these bad loans, millions of these mortgages would later find their way to be packaged by Wall Street as great investment opportunities for investors around the world.

The new home mortgages rules were an affront to previous good financial practices that had always been the foundation of American business for buying homes, 10% - 20% down with 30 years to pay. Suddenly, after Clinton and ACORN forced the banks to make the bad loans and sell them to Freddie and Fannie, the new borrowing norm became nothing down, a 40-year payment plans, with the first ten years allowing interest only payments. Because of the poor credit, the loans given out also had ARMs, with low 3% interest that wouldn't increase for five years. But the poor are the poor, and many didn't see their fortunes increase and in five years suddenly the interest payment went up. Then five years later it went up again and became unaffordable.

This period of time of corrupting what made a good credit risk became the age of "Flipping," creative entrepreneurs seeing the opportunity of buying homes at a cheap level with virtually no risk, meaning no investment and minimum monthly payment. They in turn created teams of construction crews, fixing up these homes and reselling them, making tens of thousands of dollars of profits usually in just a few weeks. They were able to continue until the bubble broke in 2008 when millions of Freddie and Fannie loans were discovered to be underwater, the house worth less than the paper it was written on.

In the meantime Wall Street had picked up the subtle message from the Democrats in Washington that bad business practices in the name of self-benefit would now be tolerated with a wink of approval from Washington politicians.

At least the mainstream media admits it's in the tank for those progressives in power, never being a watch dog for what Clinton and the Democrats were doing over all these years to home values for votes, giving millions of homes to those who couldn't afford them. Rush Limbaugh has correctly labeled them as the drive-by's, resembling the Chicago mobsters who bullet-riddled their enemies then quickly driving away after doing the damage.

In 2004 the Republicans tried to force Congress to rein in Freddie and Fannie, but the Democrats screamed, "No!" Then over a dozen Republicans with McCain's encouragement on May 5, 2006, wrote the famous letter to Congress saying if these government financial institutions weren't brought under control, America could have a financial meltdown.

Now that that letter has been proven as a landmark document, Clinton and Obama still insist on playing the same blame game again. And they know the mainstream media will not bring them to task . . . a slobbering dog lying in their laps with tongues hanging out and tail wagging, "Give us our talking points."

Sadly it would be the Democrat Party, now called the Party of Hope, that would strangle millions of poor Americans with added bad credit they didn't need as homes went into foreclosure they couldn't afford. Bankers had known this since the beginning when Clinton accused them of Redliners or being Racists in the mid 1990's. Yet in Canada, there is NO crises because by law, not politics, homeowners are responsible for not paying their mortgage, not the banks.

In the end Democrats also knew of the ACORN voter fraud, yet still tried to fund ACORN billions (with a "b") of taxpayer dollars through the first failed Stimulus Package pushed through by President Obama in 2009.

Now you can't say you didn't know the truth why your house has being dropping in value, in 2011 the bottom still now known.


More Documents


Then a video surfaced in 2011 that shows Democrats in Congress in 2004 squealing like piggies to protect their feeding trough.
Photo source:
Read alt. copy on image for photo source.


Thomas Jefferson, a founding father, had warned us of these times:

"The democracy will cease to exist when you take away from those who are willing to work and give to those who would not." (Note, this quote has been challenged. But so far I've seen no documenation who said it if not Jefferson.)

"When the people fear their government, there is tyranny; when the government fears the people, there is liberty."

"Whenever the people are well-informed, they can be trusted with their own government." (And when they had not? - Webmaster)

Maybe YOU, the reader, helped elect these guys to office who have screwed the rest of us. If so, please choke on it with a smile, remembering sometimes Americans do get the government they richly deserve. (University of Virginia site on Jefferson Quotes.)


Graphic Source: Does Money Change People?

With friends like these. . . America doesn't need any enemies!






SEC Files Charges Against Former Fannie & Freddie Execs for Securities Fraud

So what if they don't pay their rent? OMG, Gov't considers turning foreclosures into rentals

Obama's National security adviser choice helped Fannie block oversight - tried to stop probe

The Role of Government Affordable Housing Policy in Creating the Global Financial Crisis of 2008

Under Progressive Democrat leadership U.S. home values set to drop 1.7 trillion dollars in 2010

Those Indymac boys were given deal by the FDIC, and borrowers were strong-armed - 2/2010


In Guaranteed to Fail, a quartet of New York University professors from its Stern School of Business, focus on the 'debacle of mortgage finance' that Fannie and Freddie helped create, and offer a plan for reform.  A chilling account of the reckless disregard for ethical or civilized values at the heart of our financial system.





"Freedom is Knowledge"