Wall Street bundlers helping both McCain, Obama

It’s easy to blame the collapse of the two largest mortgage lending giants, Fannie Mae and Freddie Mac, on the consumer for chasing the American Dream and taking on more house than they could afford.

The Treasury Department has demanded the current CEO’s step down. Certainly those at the wheel have to bear some responsibility. But the pillaging was already in their rear view mirrors. Three of the main characters in this fiasco have strong ties to Barack Obama’s presidential campaign.

As Fannie Mae’s CEO (1999 to 2003), Franklin Raines pulled in over $90 Million, mostly in bonuses. He was sued by the SEC and OFHEO to recover $50 Million in bonuses due to Enron-like accounting practices overstating their earnings by $10.6 Billion. Franklin took “early retirement”, paid a hefty fine and forfeited stock options valued at $15.6 Million. He is now Obama’s economic advisor for housing policy.

Jamie Gorelick was vice-chairperson at Fannie. In 1998, she received a bonus of $779,625 amidst a scandal where signatures were falsified on accounting transactions to meet earning targets. She is a leading candidate for Attorney General if Obama is elected president.

Jim Johnson was Raines’ predecessor at Fannie. He resigned from Obama’s VP selection committee after revelations he accepted a sweetheart loan from Countrywide Financial while Fannie’s CEO.

As taxpayers, we are now liable for failures in a $5.2 Trillion loan portfolio to include $780 Billion in high-risk “Alt-A” and sub-prime loans. These are more Friends of Barack we can ill afford!

It's crystal clear that Biden is a liability to the Democratic ticket, and Hillary would bring scorned radical feminists back into the Democratic fold. (I'd wager that Hillary & Co. would not vote for an Obama/Biden ticket, allowing McCain to win so Hillary can run on her own in 2012.)

The question would then be, if Hillary becomes the Democratic VP nominee, and Obama/Clinton win, does Obama suspect her plan to run against him in the 2012 Democratic primary?

Let me share some info with you that I have gotten from excellent sources within the DNC:

On or about October 5th, Biden will excuse himself from the ticket, citing health problems, and he will be replaced by Hillary. This is timed to occur after the VP debate on 10/2.

I have already seen a few short blurbs about this - the "health problem" cited in those articles was an aneurysm. He had two brain aneurysm surgeries in 1988. Probably many of you have heard the same rumblings. In any case, this is a total manipulation of the American public and shows a complete disdain for our intelligence.

As Rudy Giuliani said at the RNC: “Well, I'll tell you, if I were Joe Biden, I'd want to get that VEEP thing writing!!” (how prophetic!)

Obama's decision to have Franklin Raines serve as his economic advisor for anything under the sun should be enough reason for any United States citizen to vote for John McCain. Enough said.