The Democrats, through stealth socialism increased demand for housing by forcing loans. With a limited supply, the price of housing went up and up creating a housing bubble. Lending institutions were pressured by Democrats to give toxic, subprime loans to credit unworthy borrowers. The greedy loan institutions were able to get away with this because Fannie Mae and Freddie Mac took them off the hook, so all could enrich themselves.
Demand for housing went up, as did the cost of housing as demand outstripped supply with this new initiative in play. Mr. & Mrs. Jones on Main Street were caught up in this false economy and paid $379,000 for a home now worth $229,000. These homeowners now have negative equity on their home.
The Democrats sabotaged our economy and took control because the Republicans got the blame.
The Democrats sabotaged our economy....
How do these politicians sleep at night?
Dodd, Frank, et al, should all be in jail.