1) a criminal investigation of Fannie Mae and Freddie Mac and all executives including Jim Johnson, and Franklin Raines.
2) a criminal investigation of ACORN and all other community organizations that were involved in blackmail and enforcement of the Community Reinvestment Act
3) a criminal investigation of the political activities of these organizations
4) a thorough investigation into the lobbying activities of Fannie Mae, Freddie Mac and ACORN and related organizations.
5) a criminal investigation of Democrat Senators Christopher Dodd, Barrack Obama and Kent Conrad for the ties to lobbyist money received from these organizations.
6) demanding their removal from any oversight of investigations due to conflict of interest in hearings to the causes of the economic crisis
We need to hear an explanation of how we got into this situation directly from Senator Johnson. We need to understand if he still believes in the social engineering required of banks by the Community Reinvestment Act.
The press needs to understand this economic crisis was caused by a housing bubble through the creation of loan products to people who would otherwise not qualify for mortgages because of a law aimed at forcing banks to make bad loans that were guaranteed by government sponsored entities in bed with Democratic politicians looking to buy votes and gaining access to "get out the vote" activists as mortgage recipients were often required to perform political activities to assist Democrat politicians.
Further, Fannie and Freddie used extensive lobbyist activities to prevent much needed oversight and regulation of their business, even after being forced to restate earnings and proven illegal activities to financially benefit the executives at these firms. Corporations such as Countrywide Mortgage gave sweetheart loans to elected officials including Barrack Obama, Kent Conrad and Chris Dodd. Barney Frank needs to have a special cell in Prison Block A just for the arrogance to blame the failed Bush Policies of Deregulation when he knows it was Democrat Social engineering that got us into this problem in the first place.
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