DebinPhoenix's Blog

At the very least, I demand that our government publicly announce the names of each and every individual, including family members, who participated in and financially benefited from the sinister and greedy take-down of our financial institutions.  Further, I demand that each and every one of those individuals be indicted and publicly tried for their direct or indirect crimes against this nation and all of her citizens.  That they be treated and tried as treasonist terrorists; stripped of their money, their power and kicked out of this country, never able to return to American soil.

Yes...I'm angry and I want revenge.  Personally, I've watched my retirement investsments dwindle to nearly nothing and I want to know who they are and I demand they be punished.  No excuses this time.

The creation of Fannie Mae and Freddie Mac traces directly back to the Democrat Administrations, in an alleged attempt to make housing more affordable to the very people they kicked out of their homes because of their failed Welfare Reform policies enacted a couple of years earlier.  The Clinton Administration responded by weakening credit policies, reduced or eliminated down payments and overlooked rock bottom credit scores.

During this period, "ACORN", the Association of Community Organizations for Reform Now, was led by Barack Obama; ACORN has endorsed Obama for President.  ACORN has been involved with voter fraud and the ACORN Housing Corporation has helped obtain mortgages for illegal aliens using undocumented income.

As the leading Community Organizer, Obama, and friends, demanded that unqualified mortgage loans to be made to those that could not afford them, which were sold to Fannie Mae and Freddie Mac.  Fannie and Freddie then packaged those mortgages and sold them on the secondary market to investors like Stearns, Lehman, AIG, Merrill Lynch and countless others.  When the dust settled and the purchasers of these packaged mortgages figured out that they weren't worth the paper they were written on, Fannie, Freddie and Lehman went under.

The political candidates that the failing Freddie and Fannie made the largest contributions to included Democrats Chris Dodd, Barack Obama and John Kerry.  Obama received the 2nd highest amount of contributions in the shortest period of time.  The failure of Freddie and Fannie resulted directly from the collapse of Lehman Brothers.

Since the takeover by the U.S. government of Freddie, Fannie, Stearns and AIG, attention has focused on three Democrats with close ties to Obama and who served as Fannie Mae executives:

1. Franklin Raines, former Clinton administration budget director.  Raines earned $90 Million in his five years as Fannie Mae CEO, from 1999 - 2004.
2. James Johnson, former aid to Democratic Vice President Walter Mondale.  Johnson earned $21 Million in just his last year serving as Fannie Mae CEO, from 1991 - 1998.
3. Jamie Gorelick, former Clinton administration deputy attorney general.  Gorelick earned an estimate $26 Million serving as vice chair of Fannie Mae from 1998 - 2003.  Gorelick has been given the nod for attorney general if Obama is elected. 

All 3 have been involved in mortgage-related financial scandals, including but not limited to, falsified employee signatures on account transactions, manipulating financial records to meet earnings targets to trigger massive bonuses, conflicts of interest, denied access to financial records of terrorists, personal favorable loans from sub-prime lender Countrywide Financial.

The decision by the U.S. Treasury to take over Freddie and Fannie could end up costing the U.S. taxpayer at least $100 Billion.  Freddie and Fannie own or guarantee approximately $5.2 Trillion worth of these worthless mortgages.  The federal government takeover of Freddie and Fannie passes to the U.S. taxpayer the contingent liability for failures in the entire $5.2 Trillion loan portfolio.  Over the last year alone, Fannie and Freddie suffered losses of about $14 Billion.

Obama has attempted to make the case that the economic turmoil we are experiencing is the result of the failed polices of the Bush Administration.  Please remember that during the time period of Obama's Community Organizing efforts he enjoyed the additional company and support of the following individuals:

ANTOIN “TONY” REZKO:  Chicago property developer, found GUILTY and was convicted on 16 of 24 counts involving of fraud, extortion and money laundering.  Obama purchased land next to his $1.6 million home in 2005 from Rezko’s wife.  The deal netted a profit for Obama worth hundreds of thousands of dollars.  Also, Obama had done legal work for Rezko, his contributor, in his slum landlord business. 

JEREMIAH WRIGHT: Wright was Obama's minister for 20 years.  Wright’s sermons and contentious public appearances included him shouting "God damn America" and accused the government of creating AIDS.  Wright is a bigot and ask why Obama and his family would listen to him for so many years.

 

WILLIAM AYERS & BERNARDINE DOHRN: Today, Ayers is a university professor and a member of Chicago's intellectual establishment.  A Weather Underground member, a radical group that claimed responsibility for a series of bombings, including explosions at the Pentagon and U.S. Capitol.  Ayers was a fugitive for years with his wife, fellow radical Bernadine Dohrn. Obama and Ayers, live in the same neighborhood and have served together on the board of a Chicago charity (the Annenberg Project), and in the mid-1990s when Obama first ran for office, Ayers hosted a meet-the-candidate session for Obama at his home.

 

EMIL JONES: Jones, the president of the Illinois Senate, amounts to Obama's political godfather and was an important part of Obama's longshot victory for U.S. Senate in 2004. He helped the little-known politician meet the right people, and he picked Obama to handle high-profile legislation during the two years leading up to the election.  Jones is known for steering state money to favored institutions, including some that employ his relatives. Several of his relatives have gotten state jobs, and his wife's government salary jumped 60 percent after he became Senate president. He has played an important role in blocking ethics legislation in Illinois.

 

RASHID KHALIDI:  Khalidi is a scholar and author on Middle Eastern affairs who has criticized Israeli policies and was part of a Palestinian advisory panel to peace talks in the early 1990s.  Obama also calls him a friend.  They met while both were teaching at the University of Chicago and living in the same neighborhood. Obama and his wife sometimes had dinner with Khalidi and his wife, Mona. The Khalidis hosted a political fundraiser for Obama in 2000, and the Woods Fund charity gave money to the Arab-American Action Network, run by Mona Khalidi, while Obama served on the charity's board.

 

MICHAEL PFLEGER:  Pfleger, the white leader of a mostly black Catholic parish in Chicago, has been known as a firebrand for years. He protests everything from gun shops to Jerry Springer. Obama has referred to him as a spiritual adviser.  Pfleger recently preached a sermon in which he mocked Hillary Clinton and accused her of expecting to win the presidential nomination because she was white.

 

MICHELLE OBAMA:  "For the first time in my adult life, I am proud of my country because it feels like hope is finally making a comeback."

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It is my hope that this article will be copied and circulated to as many government officials and individuals as is humanly possible.  Personally, I don't care whose names surface in this process...I just want them to pay for what they have done to us.  We have all been duped, betrayed and thrown under the bus while they laugh, hob-nob, sip martinis, fly around in private jets and steal our futures.  Please don't let them get away with it!