Msg. 63588 of 65535 (This msg. is a reply to
63587 by
Zimbler0)
Jump:
And when did Barney Frank assume a leadership position? Boy, he worked fast to cause the biggest financial collapse since the Great Depression (if even that) in ten months.
Ridiculous nonsense.
Pre Barney Frank:
How did we get here? Let's review: In order to curry congressional support after their accounting scandals in 2003 and 2004, Fannie Mae and Freddie Mac committed to increased financing of "affordable housing." They became the largest buyers of subprime and Alt-A mortgages between 2004 and 2007, with total GSE exposure eventually exceeding $1 trillion. In doing so, they stimulated the growth of the subpar mortgage market and substantially magnified the costs of its collapse.
KTC> I assume you are willing to blame all current failures that occur on House Republicans,
KillTheCat,
Whatever gave you the idea that I might endorse the
stupidity you just posted?
For the first two years of his presidency, obama
had a DEMOCRAT controlled congress. house and senate.
And, just in case you didn't notice, the current
republican controlled house has passed several
'Jobs' bills . . . which the democrap controlled
senate keep from going anywhere.
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