Freddie Mac – Fannie Mae – Ralph Nader – $58 Trillion
It is interesting to me to see that neither major candidate is talking about the looming bigger financial crisis about to make the Fannie Mae and Freddie Mac fiasco and the $700 Billion bail out look like Romper Room. http://www.youtube.com/watch?v=I-16u9×3tfE See this interview with the comptroller general of the GAO appointed by Clinton Administration. Every year we don’t act the defecit goes up $2-$3 TRILLION!!!!
It looks like Ralph Nader is one of the early people who have identified part of the source.
The Nader campaign asserts that the independent candidate’s prescience in predicting the current meltdown dates back more than a decade.
"Ralph has almost prophetically predicted over the last 15 years of deregulation, what the effects might be," said Toby Heaps, a Nader spokesman. "When Clinton removed the need for banks to pay annually into the FDIC, [Nader] predicted the FDIC might be short on cash and taxpayers would need to bail it out."
Who can help push the major media to talk about this?
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