Here is a video of statements made in congress from 2004.
Barack Obama and his supporters have been saying that the current financial crisis was caused by a lack of regulation.
Many people in congress were calling for increased regulation on Freddie and Fannie long before this crisis occurred. Most of the people asking for more [...]
First let’s get something straight. The current economic crisis is not an overnight phenomenon. It is a dangerous and destructive poison which has been brewing for years in Freddie Mac and Fannie Mae’s kitchens. While Fannie/Freddie are more directly responsible for the current financial catastrophe, they have enjoyed the support of powerful enablers who must [...]
The financial crisis which is underway on Wall Street is the current dominant theme for the presidential candidates. I have never been an expert on the workings of Wall Street but with the accusations flying around the political realm I decided to do my own research into the matter.
Fannie Mae is the older of the [...]
In my experience there are two factors that help keep groups together as a cohesive unit. One is a sense of being connected to others based on emotional satisfaction like the way we all feel connected to family and friends. Another is the sense of being connected to others based on the shared need to [...]
Another hidden cost of making China our sole focus of foreign manufacture is the large trade deficit that China created in large part through deliberately and artificially devaluing its currency, a practice that China has not given up, even in the face of political pressure from the US.
