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Originally posted by ironfalcon
the globalist banksters including the loan shark IMF deserve to have the finger pointed squarely at them.
PARIS — President Obama had just flown into Hampton, Va., Sunday morning to deliver a commencement address. But before he donned his silky academic robes, he was on the phone with Chancellor Angela Merkel of Germany, offering urgent advice — and some not so subtle prodding — that Europe needed to try something big.
Weeks of hesitant half-steps to address Greece’s debt problems had only worsened market worries about the euro, and were threatening the still-fragile economic recoveries in the United States and Asia. Now, Mr. Obama told Mrs. Merkel that the Europeans needed an overwhelming financial rescue to end speculation that the euro — and European unity — could crumble.
“He was trying to convey that he knew these were politically difficult steps that the leaders there had to take, that he had gone through them as well,” said one senior administration official familiar with the conversation. “And that, from his experience, trying to get out ahead as much as possible was the right way to go.”
Weeks of hesitant half-steps to address Greece’s debt problems had only worsened market worries about the euro, and were threatening the still-fragile economic recoveries in the United States and Asia. Now, Mr. Obama told Mrs. Merkel that the Europeans needed an overwhelming financial rescue to end speculation that the euro — and European unity — could crumble.
Originally posted by marg6043
reply to post by Stormdancer777
Yea Obama knows what Hardships are, right? what a joke all he did was to pass the government burden of debt dipper into the hard working tax payer in the nation.
And people still think he is a Saviour, fools . . .
Because the financial crisis that is now affecting the government was the works of corruptive practices that started with the US and mortgage scam the rest of the world joined in the merry go around.
Many other top Democrats were friends with financial benefits from Fannie and Freddie. Franklin Raines, a former Carter- and Clinton-administration official, pocketed $90 million as Fannie Mae's CEO - a figure bolstered by the agency's overstated earnings. Former Clinton appointee Jamie Gorelick was paid $26 million as Fannie's vice chairman. Veteran Democratic honcho Jim Johnson, who led Sen. John Kerry's vice presidential search committee and temporarily led Mr. Obama's veep search, enjoyed $21 million. Mr. Johnson later resigned from the Obama team when he was identified as a "friend of Angelo" - one of those who were given below-market loans directly by Countrywide Financial CEO Angelo Mozilo. Among other "friends of Angelo" were Mr. Raines, Senate Budget Committee Chairman Kent Conrad of North Dakota and Senate Banking Chairman Christopher Dodd of Connecticut. Fannie Mae was the biggest buyer of the outrageously risky mortgages that proved to be Countrywide's undoing.
Fannie and Freddie's campaign donations almost always have gone heavily to Democrats. According to the nonpartisan Center for Responsive Politics, Barack Obama was the second-largest recipient of contributions from Fannie and Freddie sources during his brief Senate tenure. Former president Bill Clinton said it best in 2008. "I think the responsibility the Democrats have may rest more in resisting any efforts by Republicans in the Congress or by me when I was president to put some standards and tighten up a little on Fannie Mae and Freddie Mac."
Originally posted by Thirty_Foot_Smurf
Greece's population = 10,964,020
Bailout = 1,000,000,000,000
Total for every man, woman and child = $91,207.42
And this isn't enough now?
Originally posted by SLAYER69
My only question is why did it take the EU who knew this was possible take so long to pull it's head out of it's rear?