Are the Clintons the Real Housing Crash Villains?

Townhall.com ^ | May 29, 2016 | Larry Kudlow

[trebb]

Yep - unfair to not loan money to those who couldn’t afford the loans so they forced the issue with threats. Bush may have been able to stop it but he was more concerned about being called mean-spirited and racist than doing the right thing.

[trebb]

Cintonites Franklin Raines and Jamie Gorelick at FNMA put the wheels in motion to drive the lending industry over the cliff.

And then their backers came out as mouthpieces to assure us that all was well even as the iceberg was dwindling in the distance and the ship was awash as it headed down - all to try to get past an election cycle before it became known how bad it really was.

[9YearLurker]

Thank you, Larry Kudlow.

This should be repeated regularly and often.

[thirst4truth]

>> I still remember Barney Frank-eater and Chris Dodd telling us that Fannie and Freddy were on solid granite Yup. Bush should have made a stink about it, but his weakness in dealing with the scumbags prevailed.

He would have been accused of being a racist, a rich bastard that did not care for the poor and how important their home ownership was, even if not qualified.

Got my RE license in 2001, saw it coming in my little town in Oregon, kept my license through the crash, about 8 years of recovery and now it has symptoms similar to 2005/2006! The feds need to raise the rates right away to cool down the frenzy out there right now.

[Gene Eric]

>> He would have been accused of being a racist,...

No doubt.

Hopefully, there won’t be a sharp increase in rates. I’d still like to refi after improving my unfortunate debt ratio.