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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (48118)	9/22/2008 12:02:43 PM
From: Neeka	1 Recommendation Read Replies (1) \| Respond to of 224705

McCain received $20,000 over a 20 yr period but Bambi received over five times that much in 4 yrs. The fact that Dodd received more than any other senator is appalling...........(POWERFUL/CORRUPT) Chairman of the Senate Banking Committee. Don't make me laugh................APPALLING. Powerful democrats don't give a s**t about you or me or the little guy or worst yet our NATION...............they only care about lining their pockets. George Bush and John McCain (and the Republicans in congress) tried to warn everybody and rein in these crooks, but you dups were blind and continued to drink in their koolaid doom and gloom mantra and those "powerful dems" in congress did everything in their power to make sure no one upset the piggy bank politics of dems. Talk about politics of personal destruction.............good job dems.. . You and all the other sheeple can continue to listen to and adore talking head dems and propaganda machine media and you can continue to trust these BOZOs all you want, but don't expect informed American citizens to bow down to the all mighty socialist money grabbing dems. Funny when you think back to all of the times dems tried to paint repubs as corrupt. It was dems forging ahead all along who were more corrupt than anyone thought. (aren't they good at deceit......had you fooled didn't they ) so corrupt they could destroy our country, and force millions into poverty. Well............they didn't have me fooled, and they didn't have millions of other Americans fooled. I hope you, and your fellow dems are happy now, but don't expect any patriotic American to listen to you. Face it..............democrats are corrupt and you've fallen for their class warfare tactics so they can gain more power and rip off American workers. John McCain and Sarah Palin are going to make a huge issue of this because Americans deserve to know just who this Barack Obama, and his corrupt cronies are. ~~~~~~~~~~~~~~~~~~~~~~ John McCain. 25 May 2005, speaking to the Senate: Mr. President, this week Fannie Mae’s regulator reported that the company’s quarterly reports of profit growth over the past few years were “illusions deliberately and systematically created” by the company’s senior management, which resulted in a $10.6 billion accounting scandal. The Office of Federal Housing Enterprise Oversight’s report goes on to say that Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets in order to trigger bonuses for senior executives. In the case of Franklin Raines, Fannie Mae’s former chief executive officer, OFHEO’s report shows that over half of Mr. Raines’ compensation for the 6 years through 2003 was directly tied to meeting earnings targets. The report of financial misconduct at Fannie Mae echoes the deeply troubling $5 billion profit restatement at Freddie Mac. The OFHEO report also states that Fannie Mae used its political power to lobby Congress in an effort to interfere with the regulator’s examination of the company’s accounting problems. This report comes some weeks after Freddie Mac paid a record $3.8 million fine in a settlement with the Federal Election Commission and restated lobbying disclosure reports from 2004 to 2005. These are entities that have demonstrated over and over again that they are deeply in need of reform. For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac–known as Government-sponsored entities or GSEs–and the sheer magnitude of these companies and the role they play in the housing market. OFHEO’s report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO’s report solidifies my view that the GSEs need to be reformed without delay. I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole. I urge my colleagues to support swift action on this GSE reform legislation. Take a listen: youtube.com