Jeff Larson’s firm tied to anti-Obama ‘robocalls’ on McCain’s behalf

The telemarketing company responsible for making "robocalls" on presidential candidate John McCain’s behalf, accusing Barack Obama of being a "celebrity politician" who associates with "terrorists," apparently is the Minnesota-based company owned by the CEO of the 2008 Republican National Convention host committee

3 Responses to “Jeff Larson’s firm tied to anti-Obama ‘robocalls’ on McCain’s behalf”

1. Liberty11 Says:
   October 24th, 2008 at 10:19 pm

   You can thank your Democratic Party for the current financial crisis.
   The Democratic Party(through Democratic dominated organizations such as ACORN, Fannie Mae, and Freddie Mac and Democratic inspired laws such as the Community Reinvestment Act) intimidated banks into lending money to poor minorities and whites who could not possibly pay the money back.
   The resulting bad loans were packaged into mortgage securities which(since they were based on fraudulent loans) had no significant value.
   It is no accident Obama and Dodd are the top two recipients of Fannie Mae campaign contributions and that Obama chose Jim Johnson(former Fannie Mae executive) to select his vice presidential nominee. It is no accident Obama represented ACORN and that he and Ayers donated to ACORN while they were on boards together. It is no accident Democrats such as Frank, Dodd, Reid, Pelosi and Obama did not join John McCain when John McCain called for reform of Fannie Mae and Freddie Mac in 2005. It is no accident Democrats like Obama, Dodd, Reid, Pelosi, and Frank resisted President Bush’s calls for reform of Fannie Mae and Freddie Mac. Don’t buy Obama’s demagogic claim Bush

2. Holly Cairns Says:
   October 25th, 2008 at 8:09 am

   Republicans are to blame, and so are Democrats who didn’t do what they usually say they want to do, which is provide limitations/ regulations so the majority of us can prosper. Now we’re in a pickle. Better to find solutions than to point fingers. But since you brought it up:

   Here’s an article about DCI, a Republican entity which was a major force against regulation:

   WASHINGTON - Freddie Mac secretly paid a Republican consulting firm $2 million to kill legislation that would have regulated and trimmed the mortgage finance giant and its sister company, Fannie Mae, three years before the government took control to prevent their collapse.

   In that article you’ll find McCain’s name. I give him credit for noticing the problem, but I guess he wasn’t too successful at actually preventing or fixing our current financial crisis.

   Here’s a great source of information on the financial crisis
   This
   American Life

   This American Life, Radio and TV, has always been spectacular

   Please listen yourself, even though it is an hour long show. I notice Freddie and Fannie aren’t factored in… but here’s a synopsis based on the best of my listening abilities:

   GIANT POOL OF MONEY
   There’s 70 trillion dollars (subset of fixed income securities?) in our global economy. In 2000, there was 36 trillion. So, it doubled. Some countries put their money in the bank (China, which has a + of a trillion or so, for example)
   Investers were looking for places to invest. Greenspan made a usual investment option less attractive by keeping the US Treasury bonds at 1%, and so the giant pool of money/ investors looked to the residential mortgage market (return rate of 5%- 9%).
   The investors didn’t want the hassle and risk of dealing with individual mortgages. Banks used to keep mortgages, or sell them to some other company who held them, but something new started happening:
   Brokers would sell to small banks, small banks would sell to Wall Street Big banks, Wall Street banks sold the shares of the income as pools. These are Mortgage backed securities and it’s now hard to see who is directly tied to the homeowner.
   There was more demand for these mortgage backed securities than mortgages being sold, so back down the chain there began to be a movement to get more people to buy houses or refinance. More mortgages.
   Standards started to relax

3. Liberty11 Says:
   October 27th, 2008 at 9:48 pm

   See You Tube 2004 video of Fannie Mae and Freddie Mac reform hearings.
   One can clearly see Barney Frank and Chris Dodd saying “there was nothing wrong with Fannie Mae or Freddie Mac finances”.
   This says it all.