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Thread: And the hits keep coming.

  1. #1
    Senior Member Uncle Bill's Avatar
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    Default And the hits keep coming.

    With the Democrats in full-bore power, at least through 2010, they are continuing their push to force all the garbage they can down the peoples throats. Here's one of the latest 'enlightenments' from the Democrat leadership....that just confirms how crooked they continue to be while promoting their messiah's programs. Is there no end to the thuggery you all are willing to put up with?

    UB


    Obama “Consumer Protection Czar” Linked to Goldman Sachs Mortgage Scandal


    Harry Reid has threatened to start forcing the Democratic financial overhaul bill through the Senate early next week. The bill would create yet another new bureaucracy, the “Consumer Financial Protection Agency” with the power to impose new government regulation on millions of financial transactions. President Obama’s rumored pick to run the CFPA is a Treasury official with a disturbing history of ties to shady lending, bank bailouts, and massive donations from subprime mortgage billionaires.

    Deputy Assistant Secretary Eric Stein is the former senior vice president of an activist and lobbying group called the Center for Responsible Lending (CRL). While Stein was running CRL in 2007, he received a $15 million donation from hedge fund manager John Paulson. Paulson is notorious due to his central role in the SEC’s case charging Goldman Sachs in a complex mortgage fraud scheme. In 2007, at the same time that Paulson was betting billions against the US housing market, his $15 million donation to CRL enabled the group to hire more lobbyists to push its radical agenda. Paulson took home $3.7 billion that year, even while hundreds of thousands of American homeowners lost their houses to foreclosure.

    John Paulson isn’t the only subprime magnate Eric Stein shares a special relationship with. CRL also received at least $15 million from Herb and Marion Sandler. The Sandlers pioneered so-called “Pick-a-Pay” mortgages, and made $2.4 billion when they sold their subprime lending business to Wachovia in 2007. Wachovia ended up losing billions of dollars on the sale, and the SEC and Justice Department have been investigating allegations that the Sandlers’ company made fraudulent claims to investors. Time Magazine featured them in a story titled “25 People to Blame for the Financial Crisis.”

    During his tenure at CRL, Stein advocated for increased lending to borrowers with bad credit histories, and his “Self-Help” organization sold those mortgages on the secondary loan market. A primary purchaser of CRL-linked loans was Stein’s previous employer, Fannie Mae, which has received at least $76 billion in taxpayer bailout funds.

    Eric Stein has shown a disturbing willingness to do business with people who have devastated the nation’s economy. Putting him in charge of the CFPA would give him tremendous power and control over a $400 million bureaucracy.
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    Senior Member BonMallari's Avatar
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    Reid is going to try and pass every bit of legislation he can because he is wayyyy behind here in the Silver State, they (Dems) know they will lose some seats ,and all that strategy will do is show the country that this administration has no intent of reaching across the aisle as a show of bipartisanship...The American voting public will regurgitate all the crap legislation being shoved down their throats by a referendum at the polls this Nov
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    Senior Member M&K's Retrievers's Avatar
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    Man, I sure hope your right.
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    Senior Member YardleyLabs's Avatar
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    Quote Originally Posted by BonMallari View Post
    Reid is going to try and pass every bit of legislation he can because he is wayyyy behind here in the Silver State, they (Dems) know they will lose some seats ,and all that strategy will do is show the country that this administration has no intent of reaching across the aisle as a show of bipartisanship...The American voting public will regurgitate all the crap legislation being shoved down their throats by a referendum at the polls this Nov
    There is absolutely no reason to reach across the aisle unless the other guy is reaching just as far.

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    Senior Member Buzz's Avatar
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    Quote Originally Posted by BonMallari View Post
    ,and all that strategy will do is show the country that this administration has no intent of reaching across the aisle as a show of bipartisanship...

    That is exactly why the Republicans have become the party of NO. That is their strategy, pure and simple. Obama won talking about changing things in Washington and about bipartisanship. You know, playing off the theme of his 2004 speech to the Democratic National Convention. No Red America or Blue American, but a United States of America.

    Aside from those of extreme ideology, the country really longs for that. The republicans decided that they would deny him of that campaign promise come hell or high water and then blame him and the Democrats for it. Seems to be working out for them.
    Last edited by Buzz; 04-24-2010 at 06:36 PM.
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    Senior Member Uncle Bill's Avatar
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    “Mathematics allows for no hypocrisy and no vagueness.” - Stendhal


    Spoken by a Democrat that is certain 2+2 = 5. Or, at least expecting his messiah and their Reid/Pelosi led constituants to prove it any vote now.

    UB
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    an amazing post Bruce. First off in case you hadn't noticed the polls the majority did not want this health care bill. Secondly they had huge majorities but still couldn't get anything done. Not because of republicans but because they can't even agree with each other about what they want. I doubt many outside of the democratic party saw what the democrats did as pandering to a minority.

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    Senior Member dnf777's Avatar
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    Quote Originally Posted by Buzz View Post
    That is exactly why the Republicans have become the party of NO. That is their strategy, pure and simple. Obama won talking about changing things in Washington and about bipartisanship. You know, playing off the theme of his 2004 speech to the Democratic National Convention. No Red America or Blue American, but a United States of America.

    Aside from those of extreme ideology, the country really longs for that. The republicans decided that they would deny him of that campaign promise come hell or high water and then blame him and the Democrats for it. Seems to be working out for them.

    Its nice to know there's folks out there who see this for what it is. Thanks for sharing your thoughts....
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    Senior Member Buzz's Avatar
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    Quote Originally Posted by Uncle Bill View Post
    “Mathematics allows for no hypocrisy and no vagueness.” - Stendhal


    Spoken by a Democrat that is certain 2+2 = 5. Or, at least expecting his messiah and their Reid/Pelosi led constituants to prove it any vote now.

    UB
    Nothing gives me a better laugh than having my mathematical abilities called into question.
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    Senior Member Franco's Avatar
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    I am delighted that the Republicans are attempting to stop all the bad legislation coming from the Democrats! I would expect them to be the party of "no" and slow down the onslought of the destruction of American wealth and influence by the socialist in power.

    Now, if only the GOP could find a leader. Someone that could bring the right and middle together and get us back on track.
    It's time we abandon our party affiliations and rather than being good Dems or good Repubs we all become good Americans. MJH345

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