The Real Culprits of the 2008 Economic Collapse:
1. Jimmy Carter – as president, strongly supported and signed the Community Reinvestment Act (CRA)
2. Bill Clinton – as president, doubled down on CRA and demanded lowering of mortgage standards
3. Janet Reno – as attorney general, intimidated banks with threats of legal action for denying loans to unqualified borrowers
4. Franklin Raines – corrupt head of FNMA, directed purchase of bad loans and falsified FNMA financial statements in order to collect huge bonuses
5. Senator Chris Dodd – one of the most corrupt members of Senate, suppressed efforts to reign in FNMA
6. Rep. Barney Frank – one of the most corrupt members of the House, accepted favorable loans and illegal campaign contributions from FNMA;
suppressed efforts by President Bush and House Republicans to investigate corruption at FNMA and Freddie Mac
7. Barack Obama – as a community organizer, and despite having surrendered his Illinois law license for false statements on his bar application,
filed lawsuits on behalf of ACORN to force banks to lend to unqualified borrowers
Every one of these despicable and corrupt public officials should be prosecuted for treason and fraud. The damage they have done to America is incalculable.
Even more disturbing is the fact that every one of them could and should be indicted for many other serious crimes, unrelated to the mortgage scandal and the collapse of the real estate market.
If justice were done, they would spend the rest of their lives in prison.
No comments:
Post a Comment