OMG ! C-span covers MASSIVE CORRUPTION by bush* housing officials

[diamond14]

Congressional Hearings on-going...MASSIVE CORRUPTION...ollie north responses from bush* officials....

bush* appointees gave themselves over $ 245 MILLION in bonuses....incorrect accounting, spun numbers, LOTS of press spin to cover up major crimes....

this hearing about fannie mae/freddie mac may well collapse the already fragile housing industry in America....


the corruption is really obscene....bush* and his minions have their fingers in EVERY SINGLE source of $$$$ available from WE THE PEOPLE....currently, stealing from housing mortgages.....it's crazy....vote these bastards OUT....shades of spiro agnew (nixon's shamed VP, who resigned the office).....

[soothsayer]

1. October surprise? LOL n/t

[KC21304]

2. Wasn't Reagan the one with the big HUD scandal ?

[ixion]

8. yup

among others...

[Elbowroom]

3. linker?

:)

[whirlygigspin]

4. maybe the 47% that plan voting for Bush

will want to change their minds when the housing market collapses.

"why didn't anyone warn us? waaaaaaaaaaaaa"

oh yeah, I can see it now.

[The Backlash Cometh]

5. Can there possibly be a jail big enough to house all the corruption

that has been going on in our country in the last ten years? While we were sleeping and allowing the Republicans to distract us with a lot of noise in the 90s, we had just about every industry running amok with our money and trust. The Stock industry went Gotti and the Real Estate industry is still Gotti. It is so endemic that I could easily put eight of my neighbors away with the crap I've seen. And that would just be a start.

[CrispyQ]

6. Someone here suggested that they may want to lose this election . . .

becasue they've already looted the treasury & there's nothing left. Why work 4 more years for nothing.

Frickin' scum is what they are. The lowest of low. Many Americans are going to wake up & whine that they didn't realize that's what was going on. Hello, McFly!!!

[Comadreja]

26. There are other's treasuries, that's why

Like all the Iraqi artwork that disappeared. Like all the Iraqi oil they are trying to pump. Wonder who got all the loot stashed away by the Husseins, or is that the only reason Saddam is still alive?:wow:

[ixion]

7. gee, in another reality, that might make the news

but here in 'Murika, it's all war, all the time.

[Steelangel]

9. Link?

or any news that mention about these corruptions? I turned on Cspan and they are talking about hurricane relief bill.. .___.

[diamond14]

15. Congressional Hearings playing on Cspan here in Washington DC....

on the RADIO....FM Radio around 89....


don't worry....all C-Span events are recorded and YOU can purchase them for viewing at your leisure....EVERYONE will want to listen to this Congressional Hearing....

you can call C-span to order your copy...or you can HOPE that it might be rebroadcast (although often this won't happen if the Congressional Hearing is damaging to bush* and his minions)...


There are actually THREE broadcasts for C-span....and not all parts of the USA pay for all Cspan coverage...(actually, IMO, many parts of the USA do NOT want citizens to KNOW what their taxes pay for)....

I am currently listening to questions by Christopher Shea, but don't know if he is HOUSE or SENATE......

you can contact C-span here....

www.CSpan.org

[Steelangel]

17. Many thanks!

[Cassandra]

10. Repukes only hate the government spending...

that isn't lining their pockets.

[Paradise]

12. priceless statement! n/t

[troubleinwinter]

13. I have always thought the "American Patriot"...

Ollie North should have gotten the firing squad.

[Cassandra]

20. As long as he's still alive...

he may give us another opportunity. It's not like he's smartened up since then.

[Carla in Ca]

24. Sad, but true.

Why else would MORE people be living in poverty (Cheney didn't even flinch)
When Gwen Ifill gave percentage of people with AIDS, did you hear cheney admit he didn't know it was that high?
How many times have people said that Congress should reflect the country? Well, in one aspect it does. It is divided right down the middle.
repugs = if you care about the poor, the environment, education and the economy, you can't get rich
Dems = we ARE the poor, the environment, education and the economy.

[AlCzervik]

11. Ollie North is involved with this?

[diamond14]

28. the "ollie north" response is to swear before Congress: I do NOT recall

I do NOT recall
I do NOT recall
I do NOT recall

and a few:
this is SOOOO-oOO unfair....

and LIE LIE LIE....

this was EXACTLY ollie north's response to a series of questions about the Iran-Contra money-for-guns-and-drug-smuggling-operation run by ollie north....


ollie was found GUILTY on all charges....but powerful reTHUGlican war-profiteering interests protected ollie and got him off on a 'tiny technicality' for MAJOR CRIMES, after all the commotion settled down...then they gave ollie a nazi-radio show to spew hate....

ollie was a front-runner in this approach to testifying before OUR Congress...it was SOOOO successful, that many other criminals now follow ollie's approach....

[mrbassman03]

14. I thought the housing market was doing better than ever...

At least that's what I have been hearing on CNN and Faux...

[AlCzervik]

16. This must be on cspan 3 which of course i dont have

maybe i'll try their site.

[nomatrix]

18. Catherine Austin Fitts has been proclaiming this for years

Two very good articles on Fannie Mae, housing corruption.

Fitts Fights Back
http://www.fromthewilderness.com/free/ww3/110603_fitts.html


The Real Deal: The Myth of the Rule of Law
http://www.scoop.co.nz/mason/stories/HL0208/S00055.htm

[toddaa]

19. This really isn't a Bush thing

As much as I'd like it to be, the fraud at Fannie Mae implicates Congress far more than Bush. Maybe I'm delusional, but I still believe in that quaint and outdated concept called the Separation of Powers.

[jdj]

27. This admin has given carte blanche to all the looters and

thieves in the Repuke party to fill their pockets with our cash.

They are all attornies, so all they need is a go-ahead nod from the pres. and they can find all kinds of legal ways of doing it.

My ex can't get her tuition reimbursment money from the reserves because when she inquired about it they told her "there is no money in the account". I bet that is more theivery by the RNC.

[Bridget Burke]

29. Isn't Fannie Mae is part of the Executive Branch of the Government?

Of course, it's been years since I took Political Science.

[htuttle]

30. Technically it's a gov't backed private corporation, but...

...oversight of Fannie Mae and Freddie Mac falls to the Office of Federal Housing Enterprise Oversight, which is part of HUD.

So it's the executive branch's responsibility to police Fannie Mae. I'm not sure what Congress would have to do with any of it (not much, I'd presume).

[ladybugg33]

21. Sounds like the Reagan years all over again.

Anyone remember the HUD scandals during the Reagan administration?

[noiretextatique]

23. i remember reagan's reign

and all the scandals and corruption that accompanied it. clinton managed to run to least corrupt administrations, contrary to some popular opinion.

[diamond14]

22. here's the link to Washington Post article on this Congressional Hearing

http://www.washingtonpost.com/wp-dyn/articles/A11729-2004Oct6.html

Fanny May and Freddie Mac in FREEFALL....Ken Starr hired by reTHUGlicans to try to cover up MILLION DOLLAR BONUSES stolen from WE THE PEOPLE in 2002...it didn't take bush* appointees long to grab all the money....accounting fraud, bookkeeping scandals and MUCH MUCH MORE...

[diamond14]

25. and the link to New York Times coverage of bush* major scandal

http://www.nytimes.com/2004/10/07/business/07fannie.html?oref=login

-snip-

"He also reacted visibly when Mr. Baker made public a document showing that Mr. Raines had received $17.7 million in compensation for 2002, and that 19 other executives received payments that year of more than $1 million. Mr. Baker said that over the last five years, the company had awarded $245 million in bonuses, a figure that stunned even the company's strongest supporters and seemed to deflate the image long put forward by Mr. Raines that the company's sole mission was to provide financing for low- and moderate-income housing."


---------------------------------------------

All these bushies belong in prison...they are STEALING millions from WE THE PEOPLE in broad daylight...with bush* as their leader....STEALING from low- and moderate-income people....this is bush* 'compassionate conservatism'....