by wallyg

Question by narrowdoor: Why does nobody ask Obama the tough questions?
For years the democrats have enabled Fannie and Freddie to give away Loans to people who would normally not qualify. This let to the crisis we are facing today.
When the White House rang the alarm bells in 2003. But the Democrats declared again: There is nothing wrong, there is no crisis.
Now we had to bail them out for 200Billion!

The major cause for todays crisis can be put in one word:
“Community Reinvestment Act”
How come nobody in the press is asking about it?
Why are we not talking about the fact, that the Clinton administration forced banks to give over 1 Trillion! in new Subprime Loans?
How come nobody asks Obama about his friend Jim Johnson, who he turned to for his Campaign? The former Managing Director of Lehman Brothers, former CEO of Fannie Mae, now a wealthy Private Banker who gave Obama the maximum Donation……
How come nobody asks him about Franklin Raines and that nobody wants to know why Obama received four times more money from Fannie Mae per year than any other Senator? Why isn’t anybody interested in Obamas role with the subprime mortgages?

http://www.youtube.com/watch?v=GaABV1CWXug

Why is our mainstream press “left” instead of “neutral”?

@Tony M.
Thanks for the msnbc links. They basically show everybody how correct my comment about the mainstream press is……
@JayH
>2005 Federal Housing Finance Reform Act <
"which would have helped regulate Fannie and Freddie"
correct! Sponsored by a Republican. Cosponsored by 19 Republicans and 0 Democrats. McCain on the floor of the Senate in 2005, speaking in favor of the Federal Housing Enterprise Regulatory Reform Act:
"For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac – known as government-sponsored entities or GSEs – and the sheer magnitude of these companies and the role they play in the housing market,"
The bill passed in the House BUT WAS NEVER BROUGHT UP FOR A VOTE IN THE SENATE, largely because of Democratic opposition to change in the Fannie Mae and Freddie Mac regulatory structure that remained in place until the Treasury takeover.

>2007 Federal Housing Finance Reform Act <
Sponsored by a democrat and cosponsored by 3 Republicans and 2 democrats.
IT WAS NEVER VOTED ON IN THE SENATE!
>Gramm-Leach-Bliley Act<
Maybe no one less than the last democratic president can explain it:
"I don't see that signing that bill had anything to do with the current crisis. Indeed, one of the things that has helped stabilize the current situation as much as it has is the purchase of Merrill Lynch by Bank of America, which was much smoother than it would have been if I hadn't signed that bill. On the Glass-Steagall thing, like I said, if you could demonstrate to me that it was a mistake, I'd be glad to look at the evidence."
Bill Clinton
>Frank Raines has never advised Senator Obama about anything<
....just because it's a statement of a Obama Spokesman, it doesn't become automatically true...
...this former White House budget director under President Bill Clinton was mentioned in the Washington Post as an Obama Advisor. So either the reporter, Anita Huslin was lying when she quoted Raines, or Raines and Obama are lying....
....his spokesman is definetely lying:
McCain homes: according to the group Progressive Accountability, it's an even 10 homes, ranches, condos, and lofts, together worth a combined estimated $ 13,823,269. His wife is a multi-millionaire beer distributor heiress. She is the one with all the money and the houses.
"Poor" Obama in his $ 2Millionen "dump" had to "wheel and deal" to get a bit "fancy".
>James Johnson<
former aide to Democratic Vice President Walter Mondale
"Johnson was appointed to head Obama's vice presidential selection committee, until a controversy concerning an alleged $ 7 millions in questionable real estate loans he received on favorable terms from failed sub-prime mortgage lender Countrywide Financial surfaced and forced him to step down."

....do you also have an excuse for former Fannie Mae Executive Jamie Gorelick, also former Clinton administration deputy attorney general?
...she is going to be a possible attorney general cabinet appointment if Obama should be elected president.

Best answer:

Answer by rye
Because media is liberal, like your last sentence states. It’s unfortunate that the American people are not given straight facts.

“Jouranlism died in 2008.”
- Sean Hannity

Edit: To Ali (above), you must not follow politics. Obama is given free passes in almost every interview. His associations are never brought up. Only O’Reilly did, and even he was pretty neutral.

What do you think? Answer below!

Tags: Alarm Bells, Community Reinvestment Act, def, Fannie Mae, Finance Reform Act, Frank Raines, Franklin Raines, Gramm Leach Bliley, Gramm Leach Bliley Act, Lehman Brothers, Mainstream Press, nobody, Obama, Presidential Selection, Questions, Real Estate Loans, Senator Obama, Sub Prime Mortgage, Sub Prime Mortgage Lender, Subprime Loans, Subprime Mortgages, Tough, Vice President Walter Mondale, Walter Mondale, Word Community