Saturday, May 1, 2010
At the heart of the economic meltdown was Fannie Mae and Freddie Mac. When people started losing their homes, car sales plummeted too. Wall St and AIG were caught holding bad paper, mortgage backed derivatives. The Left designed this collapse by backing liar loan financing regulations to people who had no business buying houses they could not afford, knowing full well the magnitude of the problem and when many of these defaults should start occurring. Election year 2008. For good measure the summer of 2008 saw massive oil speculation that drove the price at the pump to over $4.00 a gallon. Even OPEC stated there was no supply problem that would cause the spike in prices.
Blame Rahm Emanuel,Barney Frank, Chris Dodd and Barack Obama. Not Bush. America got played by the Left.
Posted by giveusliberty1776 at 5:09 AM