Saturday, October 11, 2008

Obama and Acorn Create Current Financial Meltdown

Watch this whole video. It is only eight minutes.

It will show you that the Clinton Administration, Barack Obama and ACORN were completely responsible for the idea that you could take people who had little or no income and give them a loan on a house and expect them to make payments. Andrew Cuomo, who announced the plan, says in this video that we expect the "default rate on these mortgages will be higher than normal." The Democrats went into this program knowing full well that it was highly risky.

ACORN, represented by Barack Obama as its attorney, used strong-arm tactics to force banks to make irresponsible loans.

These people shown in this video, among others not shown, are the ones responsible for the financial collapse and the loss by millions of Americans of their financial security.




Related Posts:

ACORN Planted the Seeds of this Economic Disaster
Who is to Blame?
Republicans Tried to Rein in Sub-Prime Excesses for Last Eight Years
What Caused the Financial Crisis?
Who is Responsible for the Financial Meltdown?


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posted by Gary Aminoff at 11:53 AM

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