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Federal Government Was Culprit in Housing and Economic Crisis, Says Congressional Report
Wednesday, July 08, 2009
By Fred Lucas, Staff Writer
Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee. (AP Photo)
Washington (CNSNews.com) Fannie Mae and Freddie Mac were the chief culprits in the housing crisis because they encouraged people who could not afford payments to borrow money, according to a congressional report released Tuesday.
http://www.cnsnews.com/public/content/article.aspx?RsrcID=50680
I’ve said it before and I’ll say it again; burn this mother DOWN...and let’s start all over again. :)
This guy is sooooo responsible for the economic crisis. He is head of the committee which had oversight. They collapsed, and he acts like Alfred E. Neuman from mad mag. What me worry? The people of MA need to vote this blow hard out of office!!!!
Is this a news story or Democratic Party advertising copy?