Questions are arising that the October Surprise was the financial Meltdown of our economy and if Democrats started it, caused it, and won the election because of it, they bit off more than they can chew, and they WILL pay for this. When Chuck Schumer came out and talked about the IndyMac Bank, a rush on money caused it to fail. That was the beginning....
Pasadena-based IndyMac, with $32 billion in assets, was seized by the government Friday. The loss-ridden mortgage lender had faced an outflow of deposits since Schumer on June 26 made public a letter he sent to the Office of Thrift Supervision and the Federal Deposit Insurance Corp., saying he was "concerned that IndyMac's financial deterioration poses significant risks to both taxpayers and borrowers."
Schumer’s decision to go public with those comments ignited a firestorm in Washington. Regulators on July 2 said he was contributing to "rumors and innuendo" about the bank that could hasten its demise.
Everything else that came after that was like a Domino effect, one tumbling after another. You have to wonder if Chuck Schumer had shut his mouth, if this would be happening right now. And you have to wonder why Chuck Schumer doesn't have to answer for this..
But it makes you wonder if this bank was even in danger at all. And if the Democrats did this for power, and to get Obama into office, they are going to pay dearly for this, because it has gotten out of control. No matter what the Liberals think, they are going to be very disappointed sooner than later, that Obama cannot part the Red Sea and rise into the clouds and stop this now. Its too far gone.
The people that thought they were going to get their house notes paid and free gas cards are going to be shocked when it doesn't happen. There is no money left to do anything that the Messiah wanted to do. If he and his cohorts were involved in this financial collapse, he will be the victim of it. He now has no money to gift all of the schmucks that voted for him. Don't count on that "free" health care either. Obama wont be able to burden the rest of us with your health care, most of the money is gone in our banks too. I guess we should be grateful for that, we didn't want to pay for you freeloaders anyway! Obama wont get it.
The only thing you are going to get is Socialism with no money to steal from us to promote it. That is, unless someone gets their hands on a birth certificate first. Guess that's locked up tighter than Fort Knox, for some reason. If there wasn't a problem with it, it wouldn't be locked up tighter than a drum..what reason could there be for the lock down? Don't worry, we will find it.
If the Democrats created this financial collapse to get at President Bush, and get Obama elected, Obama has 2 years to totally screw us over. 2010 will bring a landslide election for Republicans. Funny how Republicans lose elections over toe tapping and gay emails, neither very classy, but Democrats never pay for treason.
We know they are responsible for the Community Reinvestment Act that Jimmy Carter started, and Bill Clinton gave it more teeth, to make sure that everyone has a "right" to a home. When they did that, did they realize that some would buy more than they could afford? They didn't realize that some people NEVER pay back loans and should be renters for all of their breathing days? A Landlord can kick their fannies out after a couple of months, home foreclosure can take up to a year! A year, and the banks cant collect a dime of that outstanding mortgage. Free homes for a year, and the rest of us get to pay for it.
What has happened to all of our 401k's along with the taxpayers now having to pay the bills for the people that didn't, is that the American people have lost a lot of money that no one else was entitled to! We worked hard for that money, WE saved that money! WE are nothing but collateral damage to the Democrats. A stepping stone in the dirt to them. And now it has trickled down to our wonderful car companies..all of you union people that vote for nothing but Democrats, deserve what you get. Oh! Just to add salt to the wound, no good paying oil jobs for you schmucks either from Obama. Stupid people. He wont drill.
They have ruined businesses, individuals and our national trust, and they dont even care. They have created a man made collapse of this economy and you better note that not ONE Republican can be blamed for this. Clinton, Carter, Dodd, Barney Frank, Obama, Pelosi, Schumer, and we could go on with who had a hand in this, are all Democrats! Now they will try to blame this on President Bush, but Bush had nothing to do with this! Since 2002, President Bush has been warning of the risky things happening in Freddie Mac and Fannie Mae. Democrats told him to screw off. From 2003..White House warns of GSE risks- Note the year, folks!
Our government guaranteed these loans, charged a lot to do it too, and then spent the money. This should be called a bailout to cover the rear ends of Democrats! This was money that was federally guaranteed to the banks and lenders to make these risky loans. 3% of every FHA mortgage went to the Federal Government, and they spent it.
Put that in your holiday hot chocolate and try not to choke on it..
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