On Oct 1, 8:53 pm, SgtUSMC <[EMAIL PROTECTED]> wrote: > The problem isn't Fannie Mae and Freddie Mac. They've been around for > many decades. The problem was decreasing regulation on the lending > insitutions. It was the same thing that caused the S&L failures. > That's why the bailout is wrong. First, we need to correct the > problem, regulate lending so this doesn't occur again.
You are wrong Sarge... As many have now pointed out, it was the CHANGE in Regulations, during the Clinton Presidency, that got us to this point. They began giving them new Forumals to use, so that "Poor People" could be given a chance to Buy a Home. --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
