OnePercenter
Gold Member
- Apr 10, 2013
- 23,667
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Did you know there are people that want us to return to the gold standard. How stupid is that?
A long time ago democrats convinced Bill Clinton to go along with the impossible socialist concept that all citizens should be able to achieve the American dream of owning a home without worrying about mortgage payments. The geniuses created a mess that involved Fannie Mae manipulating mortgage contracts and no show jobs for Fannie Mae board members. With all the scandals we tend to forget that Enron flourished during the Clinton administration and his ass't A.G. (now Obama's A.G.) engineered the pardon of the most notorious corporate pirate in history while he was on the FBI's top ten wanted in exchange for a million dollars donated to the Clinton library by his wife. Former N.J. governor Jon Corzine (D) walked away clean after defrauding investors out of billions. The point is that Fannie Mae collapsed while the House Banking Committee chairperson Barney Frank told Americans that Fannie was solvent. "A decade of bank manipulation" indicates a decade of corruption by the people in government who are responsible for enforcing banking regulations.
Did you know there are people that want us to return to the gold standard. How stupid is that?
A long time ago democrats convinced Bill Clinton to go along with the impossible socialist concept that all citizens should be able to achieve the American dream of owning a home without worrying about mortgage payments. The geniuses created a mess that involved Fannie Mae manipulating mortgage contracts and no show jobs for Fannie Mae board members. With all the scandals we tend to forget that Enron flourished during the Clinton administration and his ass't A.G. (now Obama's A.G.) engineered the pardon of the most notorious corporate pirate in history while he was on the FBI's top ten wanted in exchange for a million dollars donated to the Clinton library by his wife. Former N.J. governor Jon Corzine (D) walked away clean after defrauding investors out of billions. The point is that Fannie Mae collapsed while the House Banking Committee chairperson Barney Frank told Americans that Fannie was solvent. "A decade of bank manipulation" indicates a decade of corruption by the people in government who are responsible for enforcing banking regulations.
And guess when people making 20K/Year started getting 500K Mortgages...
Yep, under GW.