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POPSShine "Light Of Scrutiny & Accountability” On The Nation’s Financial System Pelosi said,“We want to take our country in a new direction for the middle class.” Something else that should be looked into: Barney Frank’s relationship with a former Fannie executive named Herb Moses. Frank told reporters Friday that starting in January, Congress will “have a major role.” “We have to rewrite housing in America. … It would be highly irresponsible if we were to stop here,” he said. “Now we have to perform more serious reform.” Yet, she mentions nothing about the accountability of people like Sen. Chris Dodd, or Franklin Raines or Jamie Gorelick, the latter two having made millions off of Fannie while the organization itself was sliding into government conservatorship.
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POPSCorruption in Nevada Courts Join the fight against corruption and become one of the 6400. Share this video with as many people as possible. Thank you Chris Davis
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POPS Thomas Sowell Opines --- Do Facts Matter? So did Bush's Secretary of the Treasury, five years ago. Yet, today, what are we hearing? That it was the Bush administration "right-wing ideology" of "de-regulation" that set the stage for the financial crisis. Do facts matter? We also hear that it is the free market that is to blame. But the facts show that it was the government that pressured financial institutions in general to lend to subprime borrowers, with such things as the Community Reinvestment Act and, later, threats of legal action by then Attorney General Janet Reno if the feds did not like the statistics on who was getting loans and who wasn't. Is that the free market? Or do facts not matter? Then there is the question of being against the "greed" of CEOs and for "the people." Franklin Raines made $90 million while he was head of Fannie Mae and mismanaging that institution into crisis. Who in Congress defended Franklin Raines?
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POPSNo.1 of the Fannie Five - Chris Dodd The Center for Public Integrity criticized Dodd for “being the leading advocate in the Senate on behalf of the accounting industry.” Political consultant and commentator Dick Morris wrote that Dodd had received more from accounting firm Arthur Andersen than any other Democrat and bore responsibility for trying to shield accounting firms from investor fraud liability in cases such as the Enron scandal. Arthur Anderson was forced to surrender its license to conduct CPA business in the US. http://en.wikipedia.org/wiki/Christopher_Dodd.
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POPSDemocrat Fingerprints Are All Over The Financial Crisis ........under stricter regulatory control. In 2006, it was revealed that Fannie Mae had overstated its earnings – to which its senior executives' bonuses were linked – by a stunning $9.3billion. Between 1998 and 2003, Fannie Mae's executive chairman, Franklin Raines, picked up over $90m in bonuses and stock options. Yet Barney Frank and his chums blocked all Bush's attempts to put a rein on Raines. During the House Financial Services Committee hearing following Bush's initiative, Frank declared: "The more people exaggerate a threat of safety and soundness , the more people conjure up the possibility of serious financial losses to the Treasury which I do not see. "There were nearly a dozen hearings where we were trying to fix something that wasn't broke. Mr Chairman, we do not have a crisis at Freddie Mac and particularly at Fannie Mae under the outstanding leadership of Mr Franklin Raines."
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POPSChris Brogan Social Media guy I keep hearing about. Need to check out his stuff.
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POPSBill Clinton Agrees That Democrats To Blame For Crisis Sept. 25, 2008, A Day That Will Be Recorded In History: With incentives in place, banks poured billions of dollars of loans into poor communities, often "no doc" and "no income" loans that required no money down and no verification of income. By 2007, Fannie and Freddie owned or guaranteed nearly half of the $12 trillion U.S. mortgage market -- a staggering exposure. Worse still was the cronyism. Fannie and Freddie became home to out-of-work politicians, mostly Clinton Democrats. An informal survey of their top officials shows a roughly 2-to-1 dominance of Democrats over Republicans. Then there were the campaign donations. From 1989 to 2008, some 384 politicians got their tip jars filled by Fannie and Freddie: #1 Senator Dodd #2 Senator Obama
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POPSDid anti-Muslim documentary spur Ohio mosque gassing? Cont... Chris Rodda, who serves as senior research director for the Military Religious Freedom Foundation (MRFF), has drawn attention to the attack and speculates that it may have been inspired by the distribution last week, through mailings and newspaper inserts, of millions of copies of a "fear-mongering, anti-Muslim documentary" called Obsession: Radical Islam's War Against the West.
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POPSSubstantive Presidential Debates Are Hard to Find
Overall, 32% of the questions asked in debates were non-substantive; Only 9% of the questions concerned the economy. The debates hosted by PBS and Univision were the most substantive, with 100% and 82% substantive questions respectively. Fox and ABC hosted the least substantive debates; fewer than half the questions were substantive. The front-running candidates in both parties were more likely to be asked questions focused on trivia, while the candidates trailing badly in the polls were more likely to be asked substantive questions. For example, 73 percent of the questions posed to Dennis Kucinich were substantive, while only 51 percent of the questions given to Barack Obama were substantive, and only 59 percent of the questions for John McCain were substantive. Of those who moderated more than one debate, Salinas and Ramos of Univision asked the most substantive questions (88% and 73%, respectively). Chris Wallace of Fox (33%) asked the fewest substantive questions.
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POPSObama - a popular Freddie Mac Senator Obama is in the top 4 of political contribution recipients from Freddie Mac. The other 3, also Democrats. Then add Chris Dodd and Barney Frank to the mix and it's very 'clear' how they blame the Bush administration for the debacle.
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POPSMcCain's Version of 'Leadership' So basically, he had to rush off to Washington to keep a chair warm. Nice stunt. The piece goes on: Sen. Chris Dodd said, “Instead of being a rescue plan for our economy it was a rescue plan for John McCain .” Sen. Chuck Schumer urged Bush to “respectfully tell Sen. McCain to get out of town. He’s not helping .” Senate Majority Leader Harry Reid added, “We had Senator Bennett, a high ranking official, who said these are the principles. And then, guess who came to town? And it all fell apart.” Leadership? I don't think so.
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POPSanother reason to choose Obama over McCain It was a funny comment, and with a big grain of truth in it. To read about some other reasons to choose Obama over McCain, if you're Armenian or support Armenian Cause, go to www.armenianamericansforobama.com.
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