11-21-2008, 02:18 AM
>>Fannie Mae, one of the roots of this crisis, was pressured by the Clinton (D-AK) administration
ug, this has been, hashed, hashed again, and rehashed. some conservatives like it too much to let it die.
the government's efforts to make mortgages available to a wider market segment has NOTHING to do with the current problem.
for one, if the banks believed it to be risky, they could have reduced risk in the rest of their mortgages. this obviously didn't happen.
when it comes down to it, republicans did little, if anything to stop it. i'm not saying they're worse than the dems, but this is a cross party lines dirty hands thing.
ug, this has been, hashed, hashed again, and rehashed. some conservatives like it too much to let it die.
the government's efforts to make mortgages available to a wider market segment has NOTHING to do with the current problem.
for one, if the banks believed it to be risky, they could have reduced risk in the rest of their mortgages. this obviously didn't happen.
when it comes down to it, republicans did little, if anything to stop it. i'm not saying they're worse than the dems, but this is a cross party lines dirty hands thing.