Thursday, September 18, 2008

You want to trust Obama with our current financial crisis when....



Obama is said to be "the better man for the job", when it comes to solving the financial crisis that has spiraled because of Freddie Mac and Fannie Mae.

Let me make 2 points.


1. In 2005... THREE YEARS AGO... MCCAIN, not Obama, MCCAIN supported a bill that would have helped evade JUST THIS SITUATION! He saw it coming, and supported a plan to help stop if from happening.

The DEMOCRATS blocked the bill and kept it from passing.


2. Franklin Raines is a former CEO of Fannie May, was paid a total of $90 MILLION for his tenure at Fannie May, who was forced to resign due to a $6.3 billion accounting debacle he oversaw in 2004, and James Johnson former Vice-Chair of Fannie Mae and Managing Director of Lehman Brothers…..

Raines and Johnson are the current economic advisors for Barack Obama. Raines was in charge when most of these high risk, sub prime rate loans were being given away; the primary catalyst to Fannie Mae's collapse.


THIS is the man you're going to trust to save our economy.

A man whose TOP ADVISORS were paid big by Fannie May and Freddie Mac


oh, here's a third point.


3. Fannie & Freddie Gave $200 Million to Partisans-Most Went to Democrats! Dodd, Obama Among Top Recipients.


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