Blacknessdefined’s Weblog

The Black Experience in America

Fox Loose in the Hen House and he is the guard dog

Now I am not sure how many of you see this bail out plan.  I have listened to the pundits and the Secretary of the Treasure, and things don’t pass the smell test.  We have been told that this crisis in the financial markets exists because of the mortgage failures.  I believe that is true, but then you peel the onion and start asking a few questions such as why did we have mortgage failures and could there be other contributory causes.  See the executive and legislative branches have moved so fast that this has to be very serious and being cynical you have to ask how could this have crept up on us and we were unaware.  I don’t think it is possible that so many people would not have seen this coming.  So, I look deeper into it and low and behold both parties are up to their eye balls in this mess and they do’t want you to know.  Barack Obama, John McCain, Bill Clinton and all the rest of the elected officials past and present have been either taking money from these guys are watching as they raid the American people.  Barack’s senior economic adviser Franklin Raines was an executive at Fannie Mae charged and convicted of corruption and agreed to pay a fine.  He milked the tax payers for 100 million.  John McCain had one of his economic advisers milked the taxpayers of 100s of millions as well and then they both lie to you and say we would not stand for these things.  Now fool me once shame on you, fool me twice shame on me.  I am not saying who you should vote for but at least know who you are voting for.  This bail out should not have had to happen.  People were put into homes they could not afford.  The banks then sold the loans to the government backed banks of Fannie Mae and Freddie Mac knowing they were high risk loans.  Predatory lenders preying on people who were hoping for the American dream.  The dream is not the problem, the practice of deception.  More to follow.  Gotta run for now.  You just need to know what people are doing when you aren’t looking.

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September 23, 2008 - Posted by | Economics, power politics

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