CNN’s Crowley: Obama Camp Wanted ‘Horrific’ Headline Out of Wall Street

"[J]ust as foreclosures were showing up on B-17, or in the real estate section, along comes this horrific headline out of Wall Street...I mean, this is what they wanted."

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September 18, 2008 at 12:37 pm - CNN
Dateline: Pueblo, Colorado
Barack   September 18th, 2008 - 1:31 pm

The most important thing is for Barack to be elected. That is why it is ok to lie about reducing taxes, to end the Iraq war in disgrace, change positions to sound more appealing to the center (for now), and to eagerly anticipate any and all bad news in United States. BECAUSE once Barack is elected, it will all be worth it!!!!

Just got to get the country down to Barack’s level.

It is all worth it for the greater good – IT GET ELECTED and get Michelle into the WHITE HOUSE.

Have you heard of Michelle lately?

chris   September 18th, 2008 - 1:38 pm

Lipstick on a pig.
This woman has been in the Obama camp along with the entire CNN crowd since the beginning. What’s bad for the country is good for the democratic party and CNN as well.

Rich   September 18th, 2008 - 3:00 pm

She did not say the Obama camp wanted a horrific headline. She said that headline was horrific and what they wanted was the for the campaign to focus on the economy. That’s because they know that McCain doesn’t have a clue and it won’t take long for people to realize that no matter how much McCain supporters twist what’s being said.

John   September 18th, 2008 - 4:25 pm

What CNN and David Jerkofen won’t say is that a Clinton OMB appointee has made 90 million dollars while running Fanny Mae and is is a top Obamao advisor. The left loves America to lose.
Lose a war…breakdown the economy. Never help morale…never see the good we do. Never see the resilience of free enterprise and the calcified bones of socialism and cronyism. The dow is up 400 points and yes the fundamentals are strong. It’s the left that is weak. GNP up 3.3 in 2nd quarter. Unemployment at 6% (envy of the world). No recession. Winning both wars. Sorry losers.
Go Mac and “Cuda”! No Carter 2nd term!!!

bull*****   September 18th, 2008 - 5:51 pm

Bad news for America…,good news for Democrats. Good news for America….,bad new for Democrats.

Seriously, where do all you hopeless liberals come from? I’ve never seen people so obsessed with misery. Put down the creeper weed and the meth. The paranoia will gradually subside.

E390   September 18th, 2008 - 5:56 pm

Fannie Mae’s regulator had stated the company’s quarterly reports of profit growth over the past few years were “illusions deliberately and systematically created” by the company’s senior management, which resulted in a $10.6 billion accounting scandal.

The bill passed the House but was never brought up for a vote in the Senate, largely because of Democratic opposition to change in the Fannie Mae and Freddie Mac regulatory structure that remained in place until the Treasury takeover two weeks ago.

As evidenced by the failure to pass the Federal Housing Enterprise Regulatory Reform Act of 2005, the Democrats in Congress have repeatedly fought back Republican Party efforts to reform the two mortgage banking giants.

Instead, Democrats in Congress have sought to preserve the quasi-governmental status of the mortgage giants, seeing Fannie Mae and Freddie Mac as places to locate former top Democratic Party operatives, where they have earned millions in compensation, despite a continuing series of financial scandals. Enron-like accounting manipulation, for example, boosted earnings to a level at which massive executive bonuses could be paid.

In the aftermath of the U.S. government takeover, attention has focused on three Democrats with close ties to Obama who served as Fannie Mae executives: Franklin Raines, former Clinton administration budget director; James Johnson, former aide to Democratic Vice President Walter Mondale; and Jamie Gorelick, former Clinton administration deputy attorney general.

All three Obama-related executives earned millions in compensation from Fannie Mae.

Johnson earned $21 million in just his last year serving as Fannie Mae CEO from 1991 to 1998; Raines earned $90 million in his five years as Fannie Mae CEO, from 1999 to 2004; and Gorelick earned an estimated $26 million serving as vice chair of Fannie Mae from 1998 to 2003, according to author David Frum, a fellow at the American Enterprise Institute.

All three have been involved in mortgage-related financial scandals.

In 1998, according to the Washington Post, Gorelick, as Fannie Mae vice chairman, received a bonus of $779,625, despite a scandal in which employees falsified signatures on accounting transactions to manipulate books to meet 1998 earning targets. The moves, in turn, triggered multi-million-dollar bonuses for top executives.

From WDN Article

Lisa S   September 18th, 2008 - 6:00 pm

Truly amazing that the Dems. live for disaster. My God why can’t people see through thier crap! These people say this with a straight face too. If you get to BHO rally or Biden rally and they repeat this crap start yelling about the 90 million dollar man on BHO camp.

Mare   September 18th, 2008 - 7:25 pm

Did you read where Soros is going to pull a big one in November to make sure the Bommer will get in DONT Be Fooled warn everyone<

Tom   September 18th, 2008 - 10:11 pm

It is the Republicans who are fooling everyone with their distortions and flat out lies. Palins bridge lie, her lie about the Plans sale and her lie about firing the cook. McCain’s lies and untruths in advertising.

McCain and Palin haven’t got a clue about what to do next. Obama has a written plan to deal with the economy. Most of the fools writing in this were responsible for putting Bush in as president. I hope the moderates and independents help Obama crush the Republicans this time around. I cannot think of a better outcome than a Democratic President and Congress to help fix this country. The war, the economy, health care, energy, global warming, social security, seniors, womens rights and the Supreme Court. So many issues that matter. Seems like the Democrats do a better job of governing the USA than the Republicans.

An ex-Republican white guy for Obama

N Waff   September 19th, 2008 - 12:26 am

Gergen needs to stop his wishful thinking – McCain momentum is likely to fade and create an opportunity for Obama.

These people need to face the facts that the whole sub-prime mortgage disaster was the brainchild of Democrats back in the Clinton administration with the intention of providing home ownership to those who really could not afford it. New regulation were forced on mortgate companies to offer these risky loans which is now dragging global economies.

Gregory Scott   September 19th, 2008 - 1:21 am

The Democrats gain power during times of diaster, stepping right in and blaming their enemies who have been running the country, more or less. And they also offer bribes to the populace, like Obama’s big tax ‘credit’. There is not any aspect of the government has been doing a good job— maybe a good job of flushing us down the toilet, but that’s it. However, the president does not have hardly any control over the economy. People like an easy target to blame, and people are sensitive about their financial states, so when things get rocky (or tank out like recently), they blame the man they see as in charge. And when it does well (like during the Clinton years), they give the credit to the president. This is knee-jerk reactionary thinking and simply ignorant. The president has vague controls on the economy, and can only kind of set up certain influencing factors that take years to have an effect, and that effect can be hard to see.

People always over-simply everything so that they can make an emotional judgement. And politicians live for this— they live to exploit it.

angle iron   September 19th, 2008 - 5:41 am

If the Democrat leaders of congress can simply throw up their hands and walk off the job during this meltdown and if Harry Reid can say that no one knows what to do about it, how is it that anyone would expect Obama and Biden to have any solutions?

They have no solutions either. All they can do is blame Bush and walk away from their own resposibilities for regulating us into this mess and for having their dud, self-serving and greedy political kronies appointed as administraters.

Michael   September 19th, 2008 - 6:04 am

As much as they will deny it the Dems thrive on the misery of voters, they need it to win. Everytime they exploit and spotlight all those who are suffering. Sadly Dems think this is a demonstration of how they want to “help” working class folks but they need to wake-up and realize the Dems might help with a handout but make no mistake, they want you on the plantation and they mean to be in control.

Jerry   September 19th, 2008 - 8:06 am

Disaster happens not because the democrats wanted headline, it is the direct result of the current administration which McCain was a part of blind sided by ambitions and greed instead of paying attention to local crisis such as foreclosures, gas price, … we have as indicators . Voters suffer the consequences since 2000 election and repeat in 2004. Let that be a lesson. CHANGE! Bush failed and so is McCain who is one of the “FAT CATS” who must be kicked out to the curb.

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