On Mon, Sep 22, 2008 at 5:39 PM, Gruss wrote: >> RoMunn wrote: >> There are a lot of details to work out, no doubt, but I think Paulson >> has made a very good case that this course is the least bad one we can >> take. > > (1.)Your party and your President, through incompetent governance, > enabled the biggest economic crisis since the Great Depression and we > don't know if this one will exceed it.
The Democrats are the ones who pushed and pushed and pushed to get Fannie and Freddie to give mortgages to low-income homebuyers- people who could not afford the mortgages they were signing. So what happened? Surprise! Three years later, the entire scheme dissolved as those very same people that Democrats in Congress pushed Fannie to grant mortgages to defaulted on their loans. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:270487 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
