How A Community Organizer From Chicago Helped Create A Global Economic Crisis

 

In Obama We Trust?

In Obama We Trust?

 

 

Presidential Wannabe Barack Obama is galavanting around the country telling anyone who will listen that the housing mortgage market collapsed primarily because of “Deregulation” that took place under George W. Bush and Bill Clinton.

From The Jawa Report v3.0:

 

The reality is that the housing market collapsed in large part because a coalition of race-baiting bullies brought very heavy pressure to bear on the banks to make more subprime loans on properties in low-income communities. Those who didn’t approve the risky subprime loans were accused of “redlining”–i.e., refusing to make loans on properties in those neighborhoods.

Who were these bullies?

Some of the bullies were out in Washington pounding the tables and screaming at bank executives about “redlining”.

At the same time, other bullies were stalking big city courthouses, filing frivolous and extortinate lawsuits against banks based on novel “disparate impact” theories of what might be held to constitute “redlining.” In other words, even banks which were making lots of loansin low-income communities were being sued if they weren’t approving just as many loans in low-income communities as they were in high-income communities.

Who were these mortgage extortionists?

Ragnar Danneskjold, Typical Bitter Gun-Clinger at the Jawa Report v3.0 has the rest of this fascinating story that outlines Obama’s role in this debacle and you can bet dollars to bagels that this story will never be reported by the Obamabots over at MSNBC.

 

The Soprano’s: Barack Obama’s In The Pocket Of The Mob?

October Surprise? 

Huge Story could be breaking soon on The Obamessia.

Wow, this just keeps getting better and better.  It’s looking like  Tony Rezko, an American political fundraiser, restaurateur, and real estate developer in Chicago, Illinois convicted on several counts of fraud and bribery in 2008. Rezko has been involved in fundraising for local Illinois Democratic and Barack Obama just recently had his sentencing delayed so he could roll over on some big names.  One of them appears to be the Democratic Messiah, Barack Obama who may be going down with Rezko and it’s looking like Obama may have to take back his “Hussein” moniker when he joins the Nation of Islam in whatever prison he goes to.

From Hillbuzz:

The Sun Times today gave a major clue that Barack Obama will indeed go down with Tony Rezko, sooner rather than later.  It looks as though Rezko is about to turn on Alexi Giannoulias, the 30-year old State Treasurer of Illinois (who was elected only because Obama backed him).

Here’s where all the clues are…and then we’ll walk you through the local Chicago politics on how today’s hint by the Sun Times has us convinced, for the first time ever, that prosecutor Patrick Fitzgerald could indeed send Barack Obama to jail.

We need to repeat that: we never believed, until now, that Obama would go to jail for anything related to Rezko. Today, this breaking news about what Rezko is singing to the Feds about makes us reconsider all of that.

Barack Obama will serve a prison sentence in the next few years — because knowing Fitzgerald, there is no reason he would be going through all of this if that was not the targeted goal in the long term.

The Chosen One has never said where that home loan came from, has he?  This is truly giving me hope.

From Ace of Spades HQ:

(3) So, Rezko is singing about the Giannoulias family and its longtime “business dealings” in Chicago, which would interest someone like Fitzgerald and the Justice Department, who have had a long ambition to crack Soprano-style business dealings in Chicago (the city known for Al Capone hasn’t changed much, really). The next plate to drop in this will be Fitzgerald then leaning on the Giannoulias family to give up someone bigger than them, who Fitzgerald once discussed in terms of hoping “he has the morals to do the right thing”, to paraphrase. We now believe that person Fitz was talking about is Barack Obama.

(4) The Giannoulias family was involved with Obama as far back as his first state senate campaign in 1996. It has been long rumored here in Chicago that Obama obtained a sweetheart deal on his first town home here in Chicago — which he could not have afforded otherwise — and guess who the financing came from for that house? We’ve been told it was Broadway Bank, the Giannoulias bank. Now, this sets up a scenario where the Giannoulias family helps Obama with his campaign finances and gets him deeper in their pocket with his sweetheart mortgage deal (for the first home he owned that he could not afford) – all in exchange for quid pro quo to be determined later.

(5) One favor political Chicago claims Obama did for the Giannoulias family was in 2006 when, out of the blue, 29 year old Alexi Giannoulias, with no experience, and without ever having voted before, decides to run for State Treasurer of Illinois. Also out of the blue, Barack Obama endorses Alexi Giannoulias for State Treasurer. This was a SHOCK to everyone in Chicago — and Giannoulias would have never become State Treasurer without Obama’s help. In political circles here, it has always been believed that this endorsement was bought years ago with that sweetheart mortgage deal Broadway Bank arranged for Obama to buy his town house.

Burning Down The House: What Caused Our Economic Crisis?

Wanna see who really started this financial mess our nation is in?  The Dumbocrats are going to have a hard time rewriting history on this fiasco.

I hear the moonbats are in vapor lock over this video and are hoping the MSM will completely ignore where the responsibility lies in this mess.