Friday, October 3, 2008

How we came to a financial crisis



Ladies and Gentlemen of the jury, I present to you exhibit A. This will show you why we are in a financial mess today. Some of our leaders tried to fix a potential problem years ago. However, many of our other "leaders" stopped any reform from happening to Fannie Mae and Freddie Mac, two huge problems with our economy today. Interesting to see that Barney Frank, one of the most vocal congressman during the past week, was adamantly against reforming Fannie and Freddie. He claimed that there were no "safety and soundness" issues in these companies. You can clearly see today how wrong Rep. Frank was then. You should realize how wrong he just might be today as well. PLEASE don't vote these same democrat "leaders" back into office this November. If you didn't notice, the ones saying Fannie and Freddie were going to cause problems were the REPUBLICANS. The ones opposing the idea that Fannie and Freddie were bad at all were DEMOCRATS. Think about that.

No comments:

Post a Comment