I think you definitely have to put Fannie Mae/Freddie Mac stuff in your map somewhere. I don't agree with the view that Democrats and Fannie Mae/Freddie Mac are solely (or even mostly) to blame but it was certainly contributory. Fannie Mae and Freddie Mac of course had plenty of people happy to use it on the right and the left. None the less, we shouldn't leave out the issue.
Judah On Mon, Oct 13, 2008 at 2:20 PM, Gruss Gott <[EMAIL PROTECTED]> wrote: >> Sam wrote: >> So your blaming the crisis on derivatives instead of bad-subprime >> loans so you can take the blame off Obama and pin it to McCain. >> > > > Home loans are simply *one* of the many vehicles for this problem and > as I've said a zillion times, add up every single sub-prime and you > still only come to $1T. That's not the problem. > > It's the shadow banking system which is larger than the normal banking system > > But if you'd like to create an accountability map, it would look like this: > > (1.) Phil Gramm that created it > > (2.) Clinton that signed it into law > > (3.) Bush for letting it flourish and get out of control. > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:274089 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
