Frank Luntz on Barack Obama, Charlie Sheen, and Winning

Bill Clinton empowering Carter's Community Reinvestment Act that socked it to us.

"Under Clinton, bank regulators have breathed the first real life into enforcement of the Community Reinvestment Act, a 20-year-old statute meant to combat “redlining” by requiring banks to serve their low-income communities. The administration also has sent a clear message by stiffening enforcement of the fair housing and fair lending laws."

"In 1992, Congress mandated that Fannie and Freddie increase their purchases of mortgages for low-income and medium-income borrowers. Operating under that requirement, Fannie Mae, in particular, has been aggressive and creative in stimulating minority gains… Fannie Mae has agreed to buy more loans with very low down payments–or with mortgage payments that represent an unusually high percentage of a buyer’s income. That’s made banks willing to lend to lower-income families they once might have rejected."

"In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates — anywhere from three to four percentage points higher than conventional loans."

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Bush tries to stop the madness

"The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago."

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Democrats said NO PROBLEM

”These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ”The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”

"Bush was the first to recommend regulating the GSEs in April, 2001. In 2003, Bush tried to create a new federal agency to regulate the GSEs. He was blocked from doing so by the Democrats in the Senate, especially by Barney Frank. In 2005, Alan Greenspan warned that failing to regulate the GSEs could be a catastrophe. Again, Democrats blocked the effort to regulate Fannie Mae and Freddie Mac.

http://winteryknight.wordpress.com/2009/02/22/democrats-caused-the-recession-and-republicans-tried-to-stop-it/

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Lawyer obama threatening racist lawsuits if more loans was not given to iffy home loans.

"Obama Sued Citibank Under CRA to Force it to Make Bad Loans – UPDATED"

http://iusbvision.wordpress.com/2008/09/30/obama-sued-citibank-under-cra-to-force-it-to-make-bad-loans/

Bill Hedges of MO 12:14AM April 13, 2011

Luntz was responsible for cloaking Bush's economic collapse so much so that conservatives are still in love with Bush's fiscally irresponsible notions.

Luntz is definitely a Goebbels disciple. He's strictly a mercenary putting partisanship before national allegiance. Luntz is more concerned about winning and the immediate gratification, like Charlie Sheen, than he is a concerned about the long term outcomes - like keeping this country a going concern. Luntaz has a severe Koch addiction.

JBuck of KY 10:50PM April 11, 2011

frank luntz pretends to be a pollster,when in reality he,s just a bellboy for the right wing establishment.

what a putz!

bruce b of NV 12:47PM April 08, 2011