Here is a graphical depiction of the connection(s) – and dollar amounts that passed – between:
George Soros, MoveOn.org, the Chicago Annenberg Challenge (CAC) project, the Woods Fund, Bill Ayers, ACORN (its housing division as well as voter registration group), Project Vote, Barack Obama, Fannie and Freddie, Johnson, Raines, and various senators and congressmen including Chris Dodd, Chuck Schumer, and others.
All of this information is on record and verifiable.
Even if you look at each connection in the most positive light possible, the thing as a whole is an eye opener. If you’ve never understood or believed in the the possibility of a Vast Left Wing Conspiracy – or, if you prefer a nicer couching of things: the possibility that activists on the Left have tremendous Power and wield it in ways that are often overlooked – now may be the time to reconsider.
If you want to Do Something, pass this on!
Tags: ACORN, Ayers, CAC, Chicago Annenburg Challenge, connection, connections, Dodd, dotted line, Fannie, Freddie, Housing, Johnson, loans, Obama, Project Vote, Raines, Schumer, Soros, Woods Fund
Posted by E!!
on September 26, 2008
Uncategorized /
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You simply must read this NYT times piece by Stephen Holmes from September 20, 1999. A few excerpts to whet your whistle:
In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.
The action, which will begin as a pilot program involving 24 banks in 15 markets — including the New York metropolitan region — will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans.
and
In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980′s.
and
”From the perspective of many people, including me, this is another thrift industry growing up around us,” said Peter Wallison a resident fellow at the American Enterprise Institute. ”If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.”
(Hat Tip: Nicky Cheese)
Tags: American Enterprise Institute, banks, began, conventional, credit, downturn, encourage, extend, Fannie, Government, lenders, loans, NYT, Peter Wallison, program, recession, risk, savings and loan, Stephen Holmes
I’m reading accounts that Senator Chris Dodd’s weighty remarks and swelling ego nearly crushed a few innocent bystanders this morning as he bemoaned the Wall Street greed that got us into this mess.
The Chairman of the Senate Banking Committee uttered not one peep, though, re: his acceptance of $165K in contributions from failing Fannie and Freddie (presumably as payback for his opposition to properly overseeing and regulating them).
No mention either, that he benefitted from VIP insider discounted loans from the (now defunct) Countrywide Financial.
Avarice abounds – but not in me, sayeth he.
Tags: avarice, Banking Committee, Chris Dodd, contributions, Countrywide, crisis, Fannie, financial, Freddie, gluttony, greed, insatiability, insider, loans, ravenousness, remarks, self-indulgence, Senate, speech, voracity, Wall Street
