Barney's screw-up with Freddie and Fannie began with Jimmy Carter's Community Reinvestment Act which said that banks must loan money to people who couldn't pay it back. Then Clinton poured gasoline on the fire when Janet Reno said she would start prosecuting banks because they were dragging their feet. Barney probably believed what he said about those two institutions being solvent because he's simply stupid. But when I hear politicians say: “We can't end Freddie and Fannie! Otherwise, how can people who can't afford a home buy one?” Now, it's time to kill the institutions and throw the caretakers out.
Nov. 2...National Take Out The Trash Day.
The other shoe is the fact that Fannie and Freddie were not included in the financial reform package and we are still on the hook for billions of dollars..A great ad would be wrong then wrong now, cost to the tax payers $BILLIONS$
