As this blog has been telling you for weeks, leftist Democrats have their fingerprints all over this current financial crisis: promoting subprime loans, making money, getting political contributions and sweetheart deals, and even running many of the Wall Street companies that created the financial crisis. Democrats controlled Fannie Mae, and protected both Fannie Mae and Freddie Mac. But, amazingly enough, it is Saturday Night Live that nailed Democrats better than anybody on this issue. See the video link on Rushlimbaugh.com. Yes, the Sarah Palin stuff from Saturday Night Live is repeated over and over again on the leftist, pro-Obama media, but the more devastating ridicule of Democrats is virtually ignored.
Saturday Night Live ridicules Nancy Pelosi and Barney Frank with merciless accuracy. They bring up billionaire George Soros, one of those "greedy" leftist people on Wall Street who made billions speculating against the U.S. dollar George Soros is the power behind leftist organization after leftist organization, includn gMoveOn.org. He can be regarded as anti-American. He is a big backer of Obama.
But Saturday Night Live was perhaps most telling in their dead on portrayal of Herbert and Marion Sandler: poster "children" for the sanctimonious, greedy hypocrisy of the left. The Sandlers are big leftists out of Pelosi country in California. Thy are big donors to leftist radio network, Air America. They are also probably the prime force behind the collapse of Wachovia Bank, and two of the best examples of those "predatory lenders" that leftist have been attacking, when they have not been protecting them.
Saturday Night Live had the Sandler's, in the skit, brought forward by Pelosi as "victims" of the greedy banks. The Sandler's describe how they had a 19 billion dollar company that is now worth notning. "Oh, you poor people", gushes Pelosi. "So you lost everything". "Well, not exactly. We sold out for 24.3 billon." Pelosi: "So you are not really victims?" Sandler's: "That would be Wachovia. We wondered why you wanted us here."
Yes, this is a true story. Herbert and Marion Sandler took a small savings and loan and built it into a subprime giant based on massive numbers of those "predatory", subprime loans. Then the Sandler's sold out to Wachovia Bank (which wanted to get in on the subprime bonanza being promoted by so many leftists in Congress and in the financial community) for 24.3 billioni dollars. This was a prime reason for the collapse of Wachovia Bank, whose remains are now being fought over by Wells Fargo and Citigroup.
The idea that greedy Republicans who did not like regulation are behind this housing/mortgage/credit crisis is so much bunk. Saturday Night live nailed it, although NBC has predictably removed the video from its website. See my entry last night as to the Democrat fingerprints all over this "crisis", including the slimy, pudgy ones of Barney Frank. Here is how the AP described Herbert and Marion Sandler, in the typical sanitized way that the crimes of leftists are glossed over:
"SAN FRANCISCO (AP) - Once hailed for running their savings-and-loan company like an endearing mom-and-pop shop, Herb and Marion Sandler are now being vilified as ruthless home lenders who helped destroy Wachovia Corp. and contributed to the financial decay that led to the U.S. government's $700 billion rescue plan to buy rotten mortgages. After deflecting the media for months, Herb Sandler defended his lending record in an interview Sunday. He also tried to make a case for why Wachovia shareholders should be demanding substantially more than the $14.8 billion that Wells Fargo & Co. has offered for the company."
Q.E.D. The fingerprints of leftist Democrats are all over this "crisis". ACORN, which is that same "community organizer" organization to which Democrats wanted to give "profits from the Wall Street bailout in that disgraceful bill, is another leftist prime mover out there pushing "subprime loans" for unqualified buyers. Obama, of course, is strongly connected to ACORN. Leftist Democrats are just everywhere in creating this mortgage/credit crisis.
The mainstream media should be ashamed for not doing at least as well as Saturday Night Live. But then the mainstream media has no shame, which is why it is steadily disappearing--as it should disappear to cower and hide, in shame and humiliation, in some darkcorner to never see the light of day again.
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