It's official. The Catholic Knight is retired.  I'm hanging up the helmet and passing the torch. There will be no more articles, no more commentaries, no more calls to action. THIS BLOG IS CLOSED. I've spent a very long time thinking about this, I believe the time has come, and is a bit overdue.  I want to thank my readers for everything, but most especially for your encouragement and your willingness to go out there and fight the good fight. So, that being the case, I've spend the last several weeks looking for bloggers who are fairly active, and best represent something akin to the way I think and what I believe.  I recommend the following blogs for my readers to bookmark and check on regularly. Pick one as your favourite, or pick them all. They are all great..... In His Majesty's Service, THE CATHOLIC KNIGHT

Thursday, October 9, 2008

Democrats Are 100% Responsible For Financial / Economic Crisis

THE CATHOLIC KNIGHT: I don't know about you but I'm fighting mad about this whole financial / economic mess our nation has gotten into. Now the repercussions are spreading around the world. It has become literally the worst scandal since Watergate, except it's about five-thousand times worse! This makes Watergate look like a mere petty theft - oh wait, it was! Nobody lost their retirement savings because of Watergate. Nobody lost their pension plans because of Watergate. Nobody but the president and vice president lost their job or house because of Watergate. The worldwide stock markets didn't crash because of Watergate. The economies of every free nation in the world didn't go into a tailspin because of Watergate. But all of these things are happening right now, here and around the world, because of "FannieGate."

Like most Americans I was initially under the impression that responsibility lay at the feet of both the Democrats and the Republicans. But the deeper I dig into this, the more I realize that blame is clearly more on one side than the other. As the evidence surfaces, it is becoming clear that many Republicans, especially the Bush administration and Senator John McCain, tried to stop this from happening. The Republicans sought to investigate and regulate Fannie Mae and Freddie Mac years ago, at least 12 times since the early 1990s. Even President Bill Clinton agreed with the Republicans and sought to get investigations and regulations underway. But every time these efforts were blocked by Congressional Democrats, and former President Clinton expressed his disgust about this in an interview with ABC on September 25th. He said Democrats for years have been "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."

A Vatican official recently labeled the U.S. Democratic Party as the "party of death," because of it's pro-abortion policy (read more here). Now it looks like we can add to that legacy the "party of debt" as well thanks to it's efforts to block reforms of the sub-prime lending practices of Fannie Mae and Freddie Mac.

If you want to understand what is going on in the financial markets, why it's happening, and how we got here, 'The Catholic Knight' brings these videos to you. They will explain the whole thing. Watch them, and you'll be better educated about what's happening, how we got here, and who's responsible. There are forces at work here who have an interest in KEEPING YOU IGNORANT of the facts. Many of these "forces" are up for re-election this November. 'The Catholic Knight' brings this information to you because we all have a right to know...


It is worthy to note that Representative Barney Frank had a homosexual love affair with Herb Moses during the time in question. Moses worked at Fannie Mae from 1991 to 1998 and served as assistant director for product initiatives. This happened while Frank was on the House Banking Committee, which had jurisdiction over Fannie Mae, a clear conflict of interest.




If these videos have been helpful to you, please pass them on to as many people as possible. Simply cut and paste the following link into your email...
http://catholicknight.blogspot.com/2008/10/what-caused-financial-economic-crisis.html