"... God bless their little free-market hearts."
Coulter's take on the "Bailout Plan" in Congress.
26 SEP 2008, Fox News.
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The MORTGAGE MESS (a 4 step fraud):
Step 1. "Redlining" -- Fake outrage over lenders NOT lending money to those who can't repay.
Step 2. "Community Reinvestment Act" -- alter FEDERAL LAW so "community organizers" dictate lending practices to lenders.
Step 3. "Predatory Lending" -- Fake outrage over lenders having lent money to those who can't repay, as the toxic debt collapses.
Step 4. Blame "deregulation".
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"Deregulation", my ass.
Fannie Mae -- Gov't Sponsored Enterprise
Freddie Mac -- Gov't Sponsored Enterprise
Community Reinvestment Act -- Federal Regulation
There are no human activities left in America that are NOT regulated at the federal level. They've even criminalized full-flush toilets.
But reality doesn't stop Democrats from pointing to the corrosive effects of their toxic policies as if it's evidence of the need for more of them.
Democrats are Code Stink
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Bailout Bills, Illegal Aliens, and Weird Lending Practices
http://www.openmarket.org/2008/09/24/bailout-bills-illegal-aliens-and-weird-lending-practices/
"
When I and my wife, a legal alien, bought our house, the mortgage company told me that if my wife were an illegal alien, rather than legal, we would have qualified for certain loan programs with big banks.
"
-- www . openmarket . org
The Diversity Recession, or How Affirmative Action Helped Cause the Housing Crisis
http://www.takimag.com/site/article/the_diversity_recession_or_how_affirmative_action_helped_cause_the_housing/
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...Democrats had gleefully been using this justification to funnel vast sums of mortgage money to their base voters among minorities through the liberal-dominated quasi-state institutions Fannie Mae (once run by former Obama adviser Jim Johnson) and Freddie Mac and via leftwing NGOs such as ACORN (to which Obama had long and close ties).
"
-- www . takimag . com
Bailouts will lead to rough economic ride
http://www.cnn.com/2008/POLITICS/09/23/paul.bailout/index.html
Bailout Bill Drafted by Senator Dodd Is a Scam on Taxpayers to Bankroll Left-Wing Extremists
http://www.openmarket.org/2008/09/26/bailout-bill-drafted-by-senator-dodd-is-a-scam-on-taxpayers/
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