Re: Ron Paul: “US has broken with reality, sanity & rule of law;”

On 1/18/2010 12:37 PM, Siobhan Medeiros wrote:
> On Jan 18, 8:30 am, Beam Me Up Scotty dog.com> wrote:
>> On 1/18/2010 3:44 AM, Siobhan Medeiros wrote:
>>
>>
>>
>>
>>
>>> On Jan 15, 11:19 am, znuybv wrote:
>>>> On Jan 15, 11:12 am, M bius Pretzel
>>>> wrote:
>>
>>>>> Ron Paul: “US has broken with reality, sanity & rule of law;” calls
>>>>> for “Revolutionary changes”
>>
>>>>> *hyperlinks and video live at source*
>>
>>>>> Ron Paul made the following 4-minute speech on the House floor
>>>>> admonishing the American public to counter Orwellian conditions in the
>>>>> US with revolutionary thinking, and to prepare for revolutionary
>>>>> changes in the not-to-distant future.
>>
>>>>> With the implosion of the US economy, the beginning of international
>>>>> recognition that US wars are obviously unlawful while the US rejects
>>>>> peace offers from Iran to escalate rhetoric to add that country to the
>>>>> list we madly attack, US refusal to prosecute or end obvious torture,
>>>>> stripping rights and torturing US citizens on the flimsiest of claims,
>>>>> and more, Congressman Paul is right.
>>
>>>>> http://www.examiner.com/x-18425-LA-County-Nonpartisan-Examiner~y2010m…
>>
>>>> If you want change and hope; VOTE GOP!
>>
>>> Yeah, put the same guys in who started this mess to begin with!
>>
>> Sub prime loans were a Democrat creation to help the poor.
>>
>> How’s that working out for the poor?
>
> Bullshit. The whole CRA-caused-the-financial-crisis thing has been
> thoroghly discredited. 80% of the banks needing bailouts weren’t
> covered by the CRA, and banks that were covered by the CRA fared
> better than those that weren’t.
>

At the center of it all is Fannie and Freddie and they buy and sell 70%
of all residential loans.

The Commercial loans aren’t failing yet…. it is all about the risk of
the loans to the poor in the residential markets, if Fannie and Freddie
hadn’t been buying risky loans and pushed to do so by Congress and
Clinton’s attorney General, then Banks wouldn’t have been making and
selling risky loans to Fannie/Freddie under the threat of government law
suits and retribution.

> So much for that piece of rightard revisionist history.