The “Finance Reform Bill” Doesn’t Address Real Problem

All of socialist Barack Hussein Obama’s narratives have a commonality; they demonize an identifiable enemy and they avoid blame being placed on government policies.  They have one more thing in common, they are all false.  The economic meltdown did not start on Wall Street.

The Wall Street attack by Obama is bogus just as were the high health care costs  the result of evil pharmaceutical companies which sold you the expensive red pill rather than the less expensive blue pill; or the greedy doctors who performed unnecessary surgeries to make more money.

The reality is that the economic meltdown began with federal government policies which kept interest rates artificially low and forced banks to abandon traditional lending practices in the name of home ownership for all. These policies started under the Clinton administration.

The financial collapse started with Fannie Mae and Freddie Mac.    Democrats, including people like Barney Frank and Chris Dodd, fought hard to avoid Bush administration attempts to reign in Fannie Mae and Freddie Mac.  Now Chris Dodd is writing the “Finance Reform Bill.”  Isn’t that like letting the fox in the hen house?

Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Collapse:



I have no sympathy for the many bad practices which have ripped off investors. But just because Wall Street has engaged in some bad practices does not mean Wall Street is responsible for everything that goes wrong in the economy.  Wall Street was an accomplice in the housing bubble in the sense that the securitization of the mortgages provided a cash flow which allowed the bubble to grow.

The economic meltdown started with the people in government, including many of the Democrats who now are pushing for "reform” who corrupted the credit practices of banks and other lenders in the name of progressive policies. The same policies which will cause our heath care system to collapse.

The Democrats, Fannie Mae, Freddie Mac, with the help of ACORN caused this economic meltdown.  Obama will do anything to avoid, telling the truth on it, hence the demonization of Goldman Sachs and others.

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