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Archive for October 11th, 2008

Trillions in stock market value — gone. Trillions in retirement savings — gone. A huge chunk of the money you paid for your house, the money you’re saving for college, the money your boss needs to make payroll — gone, gone, gone.

Whether you’re a stock broker or Joe Six-pack, if you have a 401(k), a mutual fund or a college savings plan, tumbling stock markets and sagging home prices mean you’ve lost a whole lot of the money that was right there on your account statements just a few months ago.

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The Liberty Tree Lantern wants you to know and understand that the information in this video is accurate and very important. But keep in mind that the underlying cause of our entire “Financial Crisis” is the fact that the U.S. Congress has been passing UNCONSTITUTIONAL legislation usurping our power, freedom and our earnings for decades, starting with The Federal Reserve Act of 1913.

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Unqualified home buyers were not the only ones who benefitted from Massachusetts Rep. Barney Frank’s efforts to deregulate Fannie Mae throughout the 1990s.

So did Frank’s partner, a Fannie Mae executive at the forefront of the agency’s push to relax lending restrictions.

Now that Fannie Mae is at the epicenter of a financial meltdown that threatens the U.S. economy, some are raising new questions about Frank’s relationship with Herb Moses, who was Fannie’s assistant director for product initiatives. Moses worked at the government-sponsored enterprise from 1991 to 1998, while Frank was on the House Banking Committee, which had jurisdiction over Fannie.

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Rarely has a set of events impacted a presidential election as much as the recent financial crisis and the subsequent relief efforts by the federal government. According to a new FOX News poll, Americans are not at all supportive of the proposed solution.

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