Wednesday, April 21, 2010

(Fannie/Freddie + Obama + Democrats x Housing Bubble + Bailout ) = ripped off bill paying taxpayer

Now the hypocrites who caused the problem, seek to be heroes for "fixing" it. They want to control the private sector, from autos to banks to health care. What's left? Can it be denied?
WSJ, PETER J. WALLISON WRITES:
Recently, President Obama has taken to accusing others of representing "special interests." In an April radio address he stated that his financial regulatory proposals were struggling in the Senate because "the financial industry and its powerful lobby have opposed modest safeguards against the kinds of reckless risks and bad practices that led to this very crisis."

He should know. As a senator, he was the third largest recipient of campaign contributions from Fannie Mae and Freddie Mac, behind only Sens. Chris Dodd and John Kerry.

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