Don't Hold Your Breath

"The Financial Crisis Inquiry Commission has kicked off its long-awaited hearings by promising a "thorough examination of the root causes" of the subprime scandal. But don't hold your breath." They will be questioning representatives of the banking industry, but not those of Fannie Mae and Freddie Mac, which was not only instrumental in the “meltdown,” they were PIVOTAL. Barney Frank, who was always “in the way” when Bush tried to investigate Fannie and Freddie is not on the witness list. Bush is not on the witness list. Don’t look for them to look at THE AUTHORS of the Democrat-passed, in a Democrat administration (Jimmy Carter) Congress “Citizen’s Reinvestment Act of 1976,” the law that CREATED the “financial meltdown, since it FORCED the lenders to loan money to those who could not, would not, repay it, thus creating economic chaos. Fannie and Freddie bought up those “toxic assets” until the Democrats (with Barney at the forefront) “took them over” just before the 2008 election, thus almost guaranteeing a big Democrat victory, and a “bloodless coup,” allowing the Democrats to “take over” all three houses of government. Don’t look for there to be ANY mention of this in this “investigation.” (Investor’s Business Daily)