Search This Blog, All Links Referenced In All Posts, & Paranoid Links At The Bottom Of The Page

16 April, 2009

Government-Bank Scheme

"No one pushed harder than Congressman Barney Frank to force banks and other financial institutions to reduce their mortgage lending standards, in order to meet government set goals for more home ownership. These lower mortgage lending standards are at the heart of the increased riskiness of the mortgage market and of the collapse of Wall Street securities based on these risky mortgages. Senator Christopher Dodd has played the same role in the Senate as Barney Frank played in the House of Representatives. [They] also voted for the very legislation that enabled contracted bonuses to be paid by companies like AIG that received government bailout money." --Thomas Sowell

"To force banks" is an exterior explanation obfuscating reality, since the U.S government is the agent of the Federal Reserve bankers in the first place, who intentionally engineered this upheaval while making it appear otherwise. Mr. Frank was one of their main political lackeys to implement their planned "recession" or "depression". The billions in "bail-out" money and bonuses received by these tycoons and their companies was reimbursement for their participation and collusion.

"These two entities--Fannie Mae and Freddie Mac--are not facing any kind of financial crisis." --Barney Frank, 9-11-03. Mr. Frank was also involved in a homosexual relationship with Herb Moses, a senior executive at Fannie Mae.

No comments:

Post a Comment