DEMOCRATS NOW BASH "FEDERAL RESERVE" ROLE IN SUBPRIME FIASCO

THE "DEMOCRAT" LEFTISTS WHO BLEW UP OUR ECONOMY HAVE FOUND A NEW WHIPPING BOY TO HELP THEM DIVERT ATTENTION AWAY FROM THEIR EGREGIOUS AND CRIMINAL PURSUITS. They have decided to blame the (non)Federal Reserve for not properly reporting and regulating the lenders who wouldn't make sub-prime loans to high-risk borrowers. This in the wake of the vast financial crime that they (the leftist democrats) perpetrated upon the American people. The leftists responsible for this should be charged with racketetering and high treason!
Fed didn’t bark at subprime loan abuses
Regulator didn’t police lenders’ compliance with laws protecting borrowers

THIS ARTICLE IS NOT A DEFENSE OF THE FEDERAL RESERVE. IT DESERVES TO BE DESTROYED BUT DESTROYING IT OR EXPOSING IT RIGHT NOW, WILL CAUSE THEM TO FURTHER DESTROY OUR ECONOMY. IS THAT WHY THE DEMOCRATS ARE FINALLY AGREEING WITH RON PAUL (who is right about the Fed).

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The "democrats" (much more like autocratic marxists) in power, now want to demonize and even take over certain responsibilities the Federal Reserve! Talk about the veritable fox in hen-house! Is this a move to cover-up their crimes and culpability after the coming crash, when the American people will demand justice??? The Federal Reserve represents the financial interests of the most powerful people on the face of the earth and has incrementally been enslaving the American people for almost 100 years BUT they will not go down without pulling the plug on our economy, which their agents have already begun! The power and money hungry marxists now posing as democrat leadership are about to put the final coffin nail into our economy if they attempt to mess any further with the "Federal Reserve." The corrupt Fed should never have been allowed to exist but attacking it now, is like sinking all of the life boats that made it off of the Titanic.

The "democrat" marxist leadership, is now castigating the Fed for not policing lenders for making high interest loans (over a decade ago) to ethnic areas particularly in Chicago and have long alleged "discrimination" as the motive. Since then, the democrats coerced and forced bankers (with the collusion of Fannie Mae and Freddie Mac) to make unthinkable sub-prime loans to over a million high-risk borrowers and now they still want to punish regulators for not having made these horrible loans sooner! Due to the directives of democrat thugs, regulators and lenders were forced to make these illegal loans beginning back in the '90's but they still want to beat up the Fed and other lenders who didn't expedite their insane wishes.

"In the prime market, where we need supervision less, we have lots of it. In the subprime market, where we badly need supervision, a majority of loans are made with very little supervision," former Fed Governor Edward M. Gramlich, a critic of the hands-off policy, wrote in 2007. "It is like a city with a murder law, but no cops on the beat."

Between 2004 and 2007, bank affiliates made more than 1.1 million subprime loans, around 13 percent of the national total, federal data show. Thousands ended in foreclosure, helping to spark the crisis and leaving borrowers and investors to deal with the consequences. Congress now is weighing whether the Fed should be fired. The Obama administration has proposed shifting consumer protection duties away from the Fed and other banking regulators and into a new watchdog agency. That proposal, a central plank in the administration's plan to overhaul financial regulation, is opposed by the industry and faces a battle on Capitol Hill." source:http://www.msnbc.msn.com/id/33041360/ns/business-washington_post/

This the height of arrogance and bold face, autocratic bullying on the part of this administration. The democrats want to have complete control of all regulatory capability after their intervention and intimidation of the regulators (Fed, SEC), banks and the mortgage companies CAUSED this financial nightmare!

How about all of you that voted these gangsters in, now WAKE UP and realize that NONE of us will benefit in a bankrupt America that WILL go into an economic depression and heavy autocratic rule the likes that our country has NEVER seen before or thought was even possible. THIS CAN BE AVOIDED IF MOST OF AMERICA WAKES UP AND DEMANDS THAT ALL OF THIS UNCONSTITUTIONAL, CRIMINAL ACTIVITY IMMEDIATELY CEASE AND THEN VOTE THESE TYRANTS AND DESPOTS OUT OF OFFICE.

I AM WRITING PROPHETICALLY In this instance (concerning the content of the last two sentences above).

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