Democrats passed no legislation to force FM/FM to loan money to anyone who could not afford to borrow. Republicans passed no legislation to stop it. Neither warnings of risk or wishing for public policy has any force of law, and is in reality nothing more than public relations rhetoric.
Blame is shared, and pointless. This whole mess reminds me of a couple of kids yelling "mom, he broke it", and pointing fingers at each other. On Thu, Sep 25, 2008 at 1:49 PM, Robert Munn <[EMAIL PROTECTED]> wrote: > Democrats actively pushed for the conditions that allowed Fannie and Freddie > to become the giant failures that they are today. Republicans, including > John McCain, warned of serious risks to the economy if something was not > done to rein in Fannie and Freddie's lending practices. Nothing was done, > and here we are. > > Democrats, as a specific public policy, wanted Fannie and Freddie to lend to > people who could not afford a mortgage. They got what they wanted, right? > Are you suggesting that Democrats did NOT want to maintain loose lending > standards at Fannie and Freddie? Are you suggesting that Democrats warned of > systemic risks to the economy if something were not done? No, you aren't, > you are just blowing a bunch of hot air. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:270915 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
