And that's the bottom line on the original topic of this thread. Look at this note, and look at the statements of Democrats who opposed McCain's attempt at regulation of Fannie and Freddie. They specifically said they opposed regulations because they were afraid additional regulation would prevent poor people from getting loans.
What we have is a situation where policy, rather than fiscal prudence, drove economic decision-making in Washington. That policy has now destroyed the finances of the very people who it attempted to help, all because Democrats totally FAILED to understand the economic impact of the policies they were advocating. On Wed, Sep 17, 2008 at 10:04 AM, Sam wrote: > Here's the update: > > Now, remember, he has only been in the Senate four years but still > managed to grab the number two spot ahead of John Kerry, decades in > the senate, and Chris Dodd who is chairman of the senate banking > committee. Fannie and Freddie have been creations of the congressional > democrats and the Clinton white house, designed to make mortgages > available to more people, and as it turned out, some people who > couldn't afford them. Fannie and Freddie have also been places for big > Washington democrats to go to work in the semi-private sector and > pocket millions. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;203748912;27390454;j Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:269698 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
