I guess it was those nasty minorities that Fannie Mae was used to put into housing that caused Bear Stearn, Meryl Lynch, Wichovia and a slew of other banks to tank. Why did African home ownership not increase in percentage from 2003 to current? Because these Wall Street vermin were making all their side bets exclusively on this sub-prime market. That is not the fault of the borrower.
Think a little, joe.
ka
of ID
@
Oct 05, 2008 23:26:44 PM
Dodd and Franks
I hope the investigation puts these two shiesters in leg irons and orange suits for life (Barney may like that)! It was these to guys loading their pockets with Fannie and Sallie cash, while killing the Refoem Act in 2005! Why ? Because it would have turned of the cash spigots and brought thise roaches into the light! And then, America is going to let these same two criminals have a say in fixing a problem they were a huge part in causing? Barney Franks is a master of smoke and mirrors to deflect blame and responsibility off himself and onto others! Bad news here Barney, they don't allow mirrors in prison!
Bill
of WV
@
Sep 29, 2008 18:40:23 PM
GREED
GREED GREED GREED
GREED
of TX
@
Sep 29, 2008 17:43:50 PM
Well heres another fine mess you got me into -Laural & Hardy
Looks more like a shody group of democrats led by who other Chairman Chris Dodd. "Letting Chris Dodd try and fix the financial markets is like taking nutrition advice from Michael Moore"
Newt always calls it like he sees it and in this case listen to what he has to say about Connecticut’s senior Senator Chris Dodd. At the heart of this mess, and a beneficiary of Fannie Mae largesse … Newt says he should step aside … but he says it with feeling.
Joe
of CA
@
Sep 28, 2008 02:40:01 AM
The president in office often has very little to do with the economic developments during his administration. The legislation allowing the risky loans that were made by WAMU that made them go under were passed under the Clinton administration. Let's not be too hasty in judging our Presidents by the economy during their presidency. Most of the time the economy during an administration is determined by many factors including the previous administrations actions.
of TX
@
Sep 27, 2008 14:35:57 PM
Noticing the dates of the top 10 bank failures, and checking who was running the country at the time, I know I will not be voting another Bush into office.
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.
ka of ID @ Oct 05, 2008 23:26:44 PM
Bill of WV @ Sep 29, 2008 18:40:23 PM
GREED of TX @ Sep 29, 2008 17:43:50 PM
Joe of CA @ Sep 28, 2008 02:40:01 AM
of TX @ Sep 27, 2008 14:35:57 PM
Splash of IN @ Sep 27, 2008 13:15:43 PM
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