Democrats actively pushed for the conditions that allowed Fannie and Freddie to become the giant failures that they are today. Republicans, including John McCain, warned of serious risks to the economy if something was not done to rein in Fannie and Freddie's lending practices. Nothing was done, and here we are.
Democrats, as a specific public policy, wanted Fannie and Freddie to lend to people who could not afford a mortgage. They got what they wanted, right? Are you suggesting that Democrats did NOT want to maintain loose lending standards at Fannie and Freddie? Are you suggesting that Democrats warned of systemic risks to the economy if something were not done? No, you aren't, you are just blowing a bunch of hot air. On Thu, Sep 25, 2008 at 12:54 PM, Gruss wrote: > > RoMunn wrote: > > as good as gold. He thinks the government will make a lot of money on > this > > deal. > > > > WOW! If only the Republicans could just be slightly more incompetent > at governance we might REALLY get rich! > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:270902 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
