Monday, November 19, 2007

Democrats: We need $1M mortgages

No you didn't misread. Chuckie Schumer is a NY Senator. He, like his fellow Democrat Hillary is a Wall St whore. Here is a top 10 list of the contributors to old Chuckie since he first ran for office in 1998. The data is from the SEC.

1 Goldman Sachs $458,440
2 Citigroup Inc $399,716
3 JP Morgan Chase & Co $325,200
4 Morgan Stanley $298,946
5 Bear Stearns $230,350
6 Merrill Lynch $226,150
7 UBS Americas $222,000
8 Credit Suisse Group $199,044
9 Lehman Brothers $181,450

And in totally unrelated news, Chuck Schumer, along with Chris Dodd (Dem from CT with a sililar top 10 as Chuckie) is the leading voice for a federal bailout of Wall St. He is the one who wants to bail out the $14K a year strawberry picker with a $720K house he can't afford. Of course Schumer couldn't give a rat's ass about homedebtors foreclosing. No, what he cares about is soothing the pain of Goldman, Merrill, UBS and the rest. His latest idea is to have Fannie and Freddie back mortgages up to $1M. That's right, the party of the small guy wants federally backed mortgages of up to $1M.

Of course the MSM is once again asleep at the wheel on this. They report none of this. All they tell is how Dems want to help the poor. Sure, since every poor person I know has $1M mortgage. One more sign of the decay in this country and one more step on the road to a Mexico style economy run by a small group of corrupt elites at the expense of everyone else.

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