FBI Investigates U.S. Financial Crisis - Where Did $1 Trillion Go?



The high-risk subprime mortgage social engineering community service
experiment by left-wing ACORN and Obama has created the largest
financial crisis since The Great Depression.  The full reach of the
corruption and scandal may never be known but those who created it
must not be rewarded.  The architects, primarily left-wing Democrats,
created laws, took donations, looked the other way and instead were
too busy overseeing donations to their own presidential camp aigns and
robbing main street blind.  Now these same left-wing Democrats blame
everyone else and get up on their high horses and say, "we are here to
save you" from the crises they created.





Yes, Mr. Obama knows a great deal about the mess.  He is a central
figure in the left-wing ACORN exploitation of financial institutions
and pressuring them to make high risk loans.  The very same left-wing
ACORN was guilty of voter fraud in the last presidential election.



Now these same Democrats want to do another high risk "community
service," social engineering experiment. They want to elect a
high-risk, low experience, socialist one of the same community
organizers that created the mess to be our next president.  We cannot
experiment with the office of president and learn as we go. Barack
Obama is not qualified and has no history of success as a leader in
government or business.



The FBI investigation



An FBI investigation is under way at Lehman Brothers and three other
contributors to America's financial crisis to determine whether they
put pressure on ratings agencies to award top ratings to securities
they issued.



Concerns that Fannie Mae, Freddie Mac, AIG or Lehman may have sought
to encourage agencies to inflate their ratings - by offering higher
fees or the promise of more work - form part of a broad inquiry by the
bureau.



The agencies are widely regarded as having failed debt holders by
attributing the top ratings to many securities that turned out to be
extremely risky and have lost investors hundreds of billions of
dollars.



The FBI, which is also investigating whether any of the four
institutions deliberately misled investors about the true health of
their assets, is expected to demand that they "hold all papers and
e-mails under lock and key" as it sifts through the evidence, a source
said.





How did we get here?



FOLLOW THE MONEY AND CORRUPTION!  A Lending Policy created by
democrats for democrats run by democrats monitored by democrats
enforced by community organizer democrats and profited from by
democrats.



The following information is condensed from an article by Stanley
Kurtz. O's Dangerous Pals.



Fannie and Freddie acted in response to Clinton administration
pressure to boost homeownership rates among minorities and the poor.
However compassionate the motive, the result of this systematic
disregard for normal credit standards has been financial disaster. ONE
key pioneer of ACORN's subprime-loan shakedown racket was Madeline
Talbott - an activist with extensive ties to Barack Obama. She was
also in on the ground floor of the disastrous turn in Fannie Mae's
mortgage policies.



Obama Trains ACORN Staff in Shakedown Tactics



It would be tough to find an "on the ground" community organizer more
closely tied to the subprime-mortgage fiasco than Madeline Talbott.
And no one has been more supportive of Madeline Talbott than Barack
Obama.



When Obama was just a budding community organizer in Chicago, Talbott
was so impressed that she asked him to train her personal staff.



He returned to Chicago in the early '90s, just as Talbott was starting
her pressure campaign on local banks. In those years, he also
conducted leadership-training seminars for ACORN's up-and-coming
organizers. That is, Obama was training the army of ACORN organizers
who participated in Madeline Talbott's drive against Chicago's banks.





Obama Funds ACORN



More than that, Obama was funding them. As he rose to a leadership
role at Chicago's Woods Fund, he became the most powerful voice on the
foundation's board for supporting ACORN and other community
organizers. In 1995, the Woods Fund substantially expanded its funding
of community organizers - and Obama chaired the committee that urged
and managed the shift.



That committee's report on strategies for funding groups like ACORN
features all the key names in Obama's organizer network. The report
quotes Talbott more than any other figure; Sandra Maxwell, Talbott's
ACORN ally in the bank battle, was also among the organizers
consulted.



More, the Obama-supervised Woods Fund report acknowledges the problem
of getting donors and foundations to contribute to radical groups like
ACORN - whose confrontational tactics often scare off even liberal
donors and foundations.



Indeed, the report brags about pulling the wool over the public's eye.
The Woods Fund's claim to be "nonideological," it says, has "enabled
the Trustees to make grants to organizations that use confrontational
tactics against the business and government 'establishments' without
undue risk of being criticized for partisanship."



Obama Aware of Intimidation Tactics



The Woods Fund report makes it clear Obama was fully aware of the
intimidation tactics used by ACORN's Madeline Talbott in her
pioneering efforts to force banks to suspend their usual credit
standards. Yet he supported Talbott in every conceivable way. He
trained her personal staff and other aspiring ACORN leaders, he
consulted with her extensively, and he arranged a major boost in
foundation funding for her efforts.



And, as the leader of another charity, the Chicago Annenberg
Challenge, Obama channeled more funding Talbott's way - ostensibly for
education projects but surely supportive of ACORN's overall efforts.



In return, Talbott proudly announced her support of Obama's first
campaign for state Senate, saying, "We accept and respect him as a
kindred spirit, a fellow organizer."



In short, to understand the roots of the subprime mortgage crisis,
look to ACORN's Madeline Talbott. And to see how Talbott was able to
work her mischief, look to Barack Obama.