Winterclaw opened this issue on Oct 09, 2008 · 105 posts
XENOPHONZ posted Fri, 10 October 2008 at 10:07 PM
I have to admit that I find the "right wing conspiracy" theories in regards to the current economic mess to be quite amusing. But, unfortunately, the situation that we currently find ourselves in -- world-wide -- isn't amusing at all.
People need to understand that the genesis of this entire mess lies with Fannie Mae and Freddie Mac at its rotten core. Along with do-gooder enforced government policies aimed at FORCING banks to make loans which made no business sense whatsoever. The banks and the lending institutions were told that if they didn't loan mortgage money to people who had no realistic way of repaying those loans: then those same banks and lending institutions faced possible criminal investigations from the Justice Department, along with having their executives hauled up before Congressional committees in front of TV cameras. Lefty pols absolutely love that kind of thing -- it makes for a great show, and it provides fabulous scapegoats for them to publicly attack. Thus deflecting the attention, along with the well-deserved heat -- away from where it squarely belongs -- on the lefty pols themselves.
They created this entire mess right from the get-go. Barney Frank, Chis Dodd, et al. Review that Youtube video again, please. And can it with the cough cough.....uh......."oblique" conspiracy theories. There is no "great right wing plan" to funnel money to religious institutions so as to take over the world -- or whatever the nebulous thinking of perinnial conspriacy buffs can come up with this time.
There was; however, a clear plan of attack in place to buy voting support by giving away free houses to people who couldn't afford them -- and to obtain a personal piggy bank to dip into for the purpose of lining the pockets of certain politicians of a particular political persuasion.
Hint: they weren't "right-wingers".