Democrats created the Fannie Mae and Freddie Mac problems
Democrats created the Fannie Mae and Freddie Mac problems years ago, in a well intentioned but failed effort to allow low income groups to buy houses. They stopped ALL eforts at reform until it was too late. Now they are trying to blame Bush, McCain and Republicans, everyone but themselves. That's the Gods truth and here is the proof:
wELL IT SEEMS THAT NOTHING IS SCARED@ OUR GOVERNMENT WHO BACKS HOUSING PROGRAMS FOR CITIZENS TO BUY HOMES IS REALLY A JOKE. IT SEEMS THAT OUR GOVERNMENT WOULD PREFER TO LET THE BANKS ENACT THEIR OWN RULES REGARDING LENDING AND LOOK THE OTHET WAY WHEN INVESTORS LOSE THEIR SHIRT ON BAD ADVICE FROM THE BANKING INDUSTRY. IG SOMEONE OR SOMEBODY IS GOING TO BE THE SCAPEGOAT, THENLET'S CAL ASPADE A SPADE AND PUT THE BLAME WHERE IT BELONGS..CONGRESS! FORGET ABOUT PARTY LINES, BOTH PARTIES ARE EQUAL TO BLAME.WHEN EVERYONE IS GETTING THE GRAVY, THEN ITS OK TO LOOK THE OTHER WAY.
MICHAEL B WILKINS
of TX
@
Aug 26, 2008 18:21:46 PM
Blame?
Can't put all of the blame on the Republicans. Congress controls the 'purse strings' and the majority of them are Democrats.
Steve
of WI
@
Aug 26, 2008 13:22:46 PM
The dollars that need to be "printed" to keep incorporated players afloat will be "printed"---for now anyway, until foreigners stop buying the printed dollars. By that time, your savings account at the bank will be earning no interest yet devaluing at 10% a year (at least.) Happy retirement, thanks to your "conservatives" who don't actually conserve anything---especially not the value of your money.
Kirk Shinkle is a senior editor at U.S. News. He writes daily about ups and downs in equity markets, sectors and stocks. Formerly, he covered business and economics on both coasts for Investor's Business Daily.
charles of TX @ Sep 20, 2008 23:24:41 PM
MICHAEL B WILKINS of TX @ Aug 26, 2008 18:21:46 PM
Steve of WI @ Aug 26, 2008 13:22:46 PM
of @ Aug 26, 2008 12:01:13 PM
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