Fannie Mae and the Black Caucus

[Shirley Schmidt]

I am stupefied, http://www.americanthinker.com/blog/...ssional_d.html

[wu_shizzle]

Re: Fannie Mae and the Black Caucus

I am stupefied, http://www.americanthinker.com/blog/...ssional_d.html

How many reasons do people need not to vote for the guy?

[Wuzee]

If you're an ideologue who is clinging to the thought that Fannie and Freddie represent the sole causes of the meltdown because that fits in most comfortably with your world view, you don't need any more.

If you think it's more complex than that and that deregulation of financial markets and sheer greed and financial predation played a major role, you might not need any more reasons to vote FOR him.

[wu_shizzle]

If you're an ideologue who is clinging to the thought that Fannie and Freddie represent the sole causes of the meltdown because that fits in most comfortably with your world view, you don't need any more.

If you think it's more complex than that and that deregulation of financial markets and sheer greed and financial predation played a major role, you might not need any more reasons to vote FOR him.

Yes, because outside this issue, he has a spotless record.

:shock:

[WstateU]

Re: Fannie Mae and the Black Caucus

I am stupefied, http://www.americanthinker.com/blog/...ssional_d.html

How many reasons do people need not to vote for the guy?

The 'left' seems to be "Blinded by the Light" and "Wrapped up by a Douch".

:D

[SB Shock]

After watching this video - God help us over the next 4 years.

http://www.youtube.com/watch?v=_MGT_cSi7Rs

[C0|dB|00ded]

Ricky sent me that video.. it does look shocking but it is also highly edited. Is it true that not one democrat made similar comments as the republican senator in the video about caution? The impression I had after watching it was that the only senators/congressmen involved with FNME FMAC are black with the exception of Barney Fife.

It's so difficult to trust youtube videos when they are compilations such as this one.


T


...8)

[engrshock]

I do not think that either party has much to brag about with respect to voting and regulation of the mortgage banking industry. This site indicates that both parties received substantial contributions from the mortgage banking industry with the Republicans substantially higher in the last decade.

http://www.opensecrets.org/industries/indus.php?ind=F4600

I doubt that the mortgage banking industry was donating to politicians that they did not believe were going to vote as they wanted.

[RoyalShock]

Ricky sent me that video.. it does look shocking but it is also highly edited. Is it true that not one democrat made similar comments as the republican senator in the video about caution? The impression I had after watching it was that the only senators/congressmen involved with FNME FMAC are black with the exception of Barney Fife.

It's so difficult to trust youtube videos when they are compilations such as this one.


T


...8)

I saw much of that same video footage on cable news last night.

[rayc]

Here is a nice breakdown in 5 parts by "Investor's Business Daily" of the history leading to the current meltdown. It's not a lengthy read. If it appears to involve a lot of Dem's, well surprise surprise, an analysis of crime usually focuses a lot on criminals!!

http://www.ibdeditorials.com/series11.aspx

Part One
'Crony' Capitalism Is Root Cause Of Fannie And Freddie Troubles

Part Two
Good Intentions Paved The Road To Subprime-Stoked Meltdown

Part Three
How A Clinton-Era Rule Rewrite Made Subprime Crisis Inevitable

Part Four
Congress Pushed Fannie, Freddie In Wrong Direction During 1990s

Part Five
Saddest Thing About This Mess: Congress Had Chance To Stop It

[Maggie]

The five part article in IBD does detail the root cause of the problem. As I have been saying all along this started with the Democratic Party and its desire to insert “fairness” (for lack of a better word) into the housing market. While the Democratic Party is largely to blame, the Republican Party, including President Bush, didn’t push hard enough for reform. In their defense, Democrats would have accused Republicans of having all sorts of unspeakable and evil motivations – but all the same it was a fight worth fighting.

There is also one more “party” that should be blamed – that is the American people. As I have pointed out – rich and poor “benefited” in the short term from this misguided REGULATION of the housing markets. And now they are losing money too – but I ask this – are they really “losing money” (investments) when much of those gains were artificial to begin with?

[engrshock]

I see a lot of blame the Democrats for this mess and rightfully so but both parties are guilty in this mess. Both have taken huge sums of money from the mortgage lending and commercial banking industry and banking in general. Another example of this is:

http://www.opensecrets.org/industries/indus.php?ind=F03++&goButt2.x=14&goButt2.y=6&goButt2=Submit

The Republicans favor de-regulation and the Democrats favor giving out sub prime loans as a second chance to people who have not earned getting the second chance. The lobbyists can pay a lot to get what they want. If things are to change this special interest buying of influence needs to change. Politicians need to do what is right for the country and their constituents and not the special interests. Any corporation that can fail and significantly damage the well being of the US economy needs to be regulated.

[rayc]

engrshock:

I see a lot of blame the Democrats for this mess and rightfully so but both parties are guilty in this mess.

True, but NOT at the same level of complicity. To claim equal guilt makes as much sense linking Rep's and McCain to the Keating 5 and yet idiots do exactly that and as a result some probably believe that the Keeting 5 was a Rep ethics scandal, IT WASN'T, it was a Dem ethics scandal.

If there seems to be a harping here on the Dem's primary role in this matter it's because of the MSM and Dem's continual effort to blame the collapse completely on Pres. Bush and the Rep's including McCain. There apparently is no honor left in the MSM even in times of a national crisis, but I'm still hoping to find a trace of it somewhere in the Democratic party.