Housing Problem?
Our federal government is responsible for many of the problems faced
today by this country and its citizens. The 2008 economic collapse
was created not by banks and the subprime lending practices, but
rather a deliberate action of the federal government, a law called
the Community Reinvestment Act. This federal law encouraged banks to
do things that they previously thought too risky, provide mortgages
to people who could not afford them. The banks, now demonized by the
federal government and uninformed people, understood that the
lending practices encouraged by the law would lead to increased bank
loses and bank failures. The banks understood that these loans were
against their own interests and were slow to provide them. To
further encourage the banks to offer these high risk, low return
loans, federal agencies like HUD under the leadership of Andrew
Cuomo, FANNIE MAE, FREDDIE MAC and the FHA under the supervision of
politicians like Christopher Dodd and Barney Frank, all implemented
policies that would assist banks in transferring the risk and
eventual losses to the federal government, other lesser banks and
various insurance companies. Still not fully willing to risk
viability, the banks were soon targeted by the DOJ for refusing to
give subprime loans. Attorney General Janet Reno publicly declared
that she would file criminal actions against banks that refused to
provide the loans. Numerous interest groups then joined in and began
to file suits against the banks. A little known Chicago lawyer and
community activist named Barack Obama was just one attorney to file
against the banks. The banks finally caved to the tremendous
pressure and began to offer loans to nearly anyone who asked. The
result was to 2008 economic collapse that nearly brought another
Great Depression upon the whole world. It is a collapse from which
millions of Americans still have not recovered. To deflect blame for
its actions, the federal government and various federal officials
spoke out against the banks and actually enacted laws they say will
prevent banks from engaging in such risky behavior again.
You think that it was unwise for the federal government to cause
such risky lending? Ask yourself why the federal government has
entered into 'fair trade' treaties that have caused millions of
Americans jobs to be shipped off shore and are now filled by slave
labor in third world nations. Ask yourself why the federal
government is pushing closer to legalize millions of illegal
immigrants now in this country who have artificially lowered the
wages of American workers by offering to work for less off the
books.
These acts and others by the federal government are contrary to the
economic health and national security of the nation. These acts are
treasonous. This nation will not long stand if the American people
do not act to remove the corrupt and watch the honest.
The national news media has proven that they will not.
What say you?
WE CAN FIX THIS!
FIRE A DEMOCRAT 2014
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