Sunday, October 12, 2008

Fannie Mae & Family

Fannie Mae & Family
I'm sorry, but it doesn't matter if you're black or white; if you can't tote the note, you shouldn't have a mortgage. These criminal congressman must be voted out.

Frank Raines, ex-CEO Fannie Mae
Supposedly cooked the books to line his pockets.
"These assets are so riskless..."

Daniel Mudd, ex-CEO Fannie Mae
Fannie and La Famiglia (Democrats, Congressional Black Caucus)

Rep. Maxine Waters, D-California
"Under the outstanding leadership of Frank Raines, everything in the 1992 act has worked just fine."

Rep Gregory Meeks, D-New York
"The GSEs have done a tremendous job."

Rep. Lacy Clay, D-Missouri
"This hearing is about political lynching of Franklin Raines."
(interesting word choice)

Rep. Barney Frank, D-Massechusetts
"I don't see anything in this report that raises safety and soundness problems."

Sen. Barrack Obama, D-Illinois
Friend of Fannie Mae that received $126K in donations--2nd highest amount.

Rep. Artur Davis, D-Alabama

Late '04:

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