Proof that democrats blocked reform

PROOF that the Republicans were trying to reform Fannie Mae and Freedie Mac as far back as 2004, when they still had a majority, before they lost the elections and could not proceed. The Democrats resisted, clearly trying to cover for F. Mae and F. Mac.

President Clinton saying that the Democrats blocked reform when the Republicans tried to reform FMae and FMac.

Here is the video evidence:
Republicans trying to regulate Fannie Mae and Freddie Mac back in 2004, blocked by the Democrats. Hear it for yourself.

Here are the Players:
Barney Frank –D Jewish liberal, New York (In 1990, the House voted to reprimand Frank when it was revealed that Steve Gobie, a male escort whom Frank had befriended after hiring him through a personal advertisement, claimed to have conducted an escort service from Frank's apartment when he was not at home.)  While Frank was on the committee that was supposed to be investigating corruption, and while he was resisting the investigation and instead attacking the people trying to reform Fannie, we now know that Frank was involved in a homosexual relationship with a Fannie Mae executive, Herb Moses!  

Now we know why Frank was protecting Fannie: he was "gaily" investigating a completely different "fanny" of there! 

Maxine Waters –D Black liberal, Los Angeles

Waters asked whether "U.S.-government paid or organized operatives smuggled, transported and sold {crack cocaine} to American citizens."

Also: In May 2008, Waters told Shell Oil President John Hofmeister at the House Judiciary Committee's Task Force on Competition Policy and Antitrust Laws, that if he didn't guarantee reduced gasoline prices if Congress let the oil industry drill where it wanted, she would be in favor of the government nationalizing American petroleum companies, her specific words were, "Guess what this liberal will be all about, this liberal will be all about socializing...."

Corruption: Waters was named in 2005[10] and 2006[11] as one of the "most corrupt" members of congress by Citizens for Responsibility and Ethics in Washington. They said, "Her ethics issues arise from her exercise of this power to financially benefit her daughter, husband and son."[12] Citizens for Ethics says this violates House ethics rules for family members' financial gains.

On the LA Riots: Waters has been criticized for her comments regarding the Los Angeles riots of 1992.[13] In defense of the people that looted stores and damaged property, Waters said:

"If you call it a riot it sounds like it was just a bunch of crazy people who went out and did bad things for no reason. I maintain it was somewhat understandable, if not acceptable. So I call it a rebellion."[14] She also said it was "a spontaneous reaction to a lot of injustice" and "The anger in my district is righteous. I'm just as angry as they are." She responded to the mass looting of Korean-owned stores by saying: "There were mothers who took this as an opportunity to take some milk, to take some bread, to take some shoes. They are not crooks. Everybody in the street was not a thug or a hood."

Gregory Meeks –D Black liberal, New York
Letter to FARC Leader Tirofijo: On December 20, 2007 along with 2 other US representatives (Bill Delahunt, James McGovern) Gregory W. Meeks wrote a letter thanking the head of the leftist Colombian guerilla FARC (Revolutionary army of Colombia, in Spanish) for the release of evidence that confirms the survival of several of the 45 hostages that the terrorist groups holds captive (including 3 US citizens), some of them for over a decade. The group is considered a terrorist organization by the US government and the European Union. These same Democratic members of the Democratic Black Caucus repeatedly endorsed and supported Venezuelan dictator Hugo Chavez, especially when Chavez was befriending the FARC and involving himself in the internal Colombian affairs by trying to force himself into the negotiations for the release of the hostages. It was later discovered that Chavez had given hundreds of millions of dollars to ransom some of the hostages, and he was attempting to manipulate the political situation for his own personal glory. The Colombian military later performed a brilliant raid that set the hostages free, ending Chavez's attempt to be the gallant hero.

Most expensive tax-paid car lease in Congress: Meeks utilizes the option to use tax dollars to lease a car, for use as a member of Congress. This option does not exist for Senate members. The lease is forgone by many members of Congress, but Meeks presently holds the most expensive lease among all members. Despite having one of the most compact districts in the entire Congress, with access to public transportation, he currently uses tax dollars to lease a 2007 Lexus LS 460, at $998 per month. Meeks was unwilling to provide further comment when questioned by the New York Times, on the lease arrangement, saying "These are never lighthearted stories."

Lacy Clay –D Black Liberal, Missouri
Guilty of racial discrimination: Clay made news in early 2007 when, as a member of the Congressional Black Caucus (cofounded by his father), he objected to the possible inclusion of white congressman Steve Cohen from Tennessee, who represents a majority black district and had made a campaign promise to attempt to become the first white member of the CBC. Although it is not part of the CBC's bylaws that members must be black, all members so far have been black.[2] He said, "Mr. Cohen asked for admission, and he got his answer. He's white and the Caucus is black. It's time to move on. Quite simply, Rep. Cohen will have to accept what the rest of the country will have to accept — there has been an unofficial Congressional White Caucus for over 200 years, and now it's our turn to say who can join 'the club.'”

Shakedown Crews Analysis

We can now conclude the following:

1. Freddie Mac and Fannie Mae had abandoned previous home-ownership policy and were endorsing programs to encourage home ownership by minorities, even when they were probably financially unqualified otherwise to be given a mortgage.
2. As early as 2004 (and probably earlier), the Congress was made aware of the corrupt, illegal practices of Raynes--the black gentleman who destroyed Fannie Mae and declared that the sale of homes was so risk free that they should continue to give home ownership with as little as 2% down! Note that they even were forced to use WELFARE PAYMENTS in their calculation of income to qualify for home ownership!
3. Waters, Meeks, and Clay--all Black Democrats--were fighting hard to defend Raynes and to stifle the investigations into corruption in F. Mae and F. Mac.
4. The use of the term "political lynching" to defend Raynes was a racially loaded term, used to shut down the white Republicans and end the discussion.
5. Maxine Waters, noted for her own corruption, and noted for having defended the looting of Los Angeles by Blacks as "righteous", KNEW that the regulations had been changed to lower qualification standards so that Blacks could get mortgages, almost certainly KNEW that Fannie Mae and Freddie Mac were being looted by Raynes (a Black executive), but must have felt that this looting was "righteous", since it benefitted her Black constituents.
6. Representative Clay was almost certainly aware of this as well. But why would he do anything to stop it? Just as how Representative Waters felt that riots and looting were justifiable and "righteous" because Blacks were angry about injustice, Clay had arrogantly declared before that there is now a "new club", to which one must be BLACK to belong. It is reasonable to conclude that this same Black outrage was used to justify the looting and pillaging of Fannie Mae and Freddie Mac.
7. Barack Obama, longtime friend of Black Liberation Theologist Reverend Wright, and longtime friend of known anti-American terrorist William Ayers, and close friend to all of these previously described villains, almost certainly shares in their sentiment that it is justifiable to loot the American economy if it benefits Blacks.
8. The origins of this problem does not lie entirely with the Democrats: Home ownership for minorities was a huge platform for Bush and the Republicans, and it is certainly to be blamed for contributing to the current crisis. Read startling details about it here.
9. These facts help to explain why Subprime Lenders appeared to target minorities.
10. But when Republicans started to see problems, and tried to investigate the fraud and suggest regulations, the Democrats blocked them--and not just any Democrats. As we've seen, their resistance was spear-headed by the Congressional Black Caucus.
11. Exactly WHEN are these representatives and executives going to get it through their heads that Social Engineering through legislation inevitably results in disasters?
12. This model is not new. It is IDENTICAL to the process put in place by President Hugo Chavez Frias of Venezuela--another longtime friend of the Congressional Black Caucus.
13. If you want to know what awaits America, all you have to do is study what the Bolivarian Revolution did to Venezuela. It's coming to a theater near you!