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Old 08-19-2009, 03:31 PM
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RevDWW RevDWW is offline
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Join Date: Feb 2007
Location: Louisiana
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Re: The Dem's seem ready to go forward on heatlhca

Quote:
Originally Posted by deacon blues View Post
Oh boy. Mike you know full well it was the Clinton Admin pushing the sub prime loan business through Freddie Mac and Fannie Mae that created the housing bubble that set us up for this recession. Everything dominoed from there. I posted a 1999 article from the NYT that predicted the very crash that happened. We saw people post youtube videos of Barney Frank and that Congresswoman from LA saying that FredMac and FanMae were sound and secure and that housing for people who were high credit risks wasnt going to hurt the system. Regulation, not deregulation caused this mess and you know it---the government mandate to banks to loan money to poor people who couldnt pay it back is the root cause for all of this. The GOP tried unsuccessfully to fix the FredMac and FanMae problem only to get stonewlled by the Dems. Its a fact. Its a matter of recorded history.
Yeah, what he said!!!!
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