Democrats caught on tape (2008)...
“Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis”
http://www.youtube.com/watch?v=_MGT_cSi7Rs
Is Barney looking to inject cash into Fannie again?
I guess Fannie and Freddie bought too many bad loans from the banks in the first place.
Apparently, they learned nothing from the near-collapse.....
I’ll say it again, the government game called “affordable housing” is a scam in the same way AGW is. Anyone for it, responsible, promoting it, agreeing with it, should go straight to jail, and never work in Government ever again, beginning with those who stole multi-millions in bonuses running the program, and Barney Frank, and Chris Dodd, and that would be the tip of the iceberg.
We can thank Leftist groups who pushed to have Jimmuh Carter sign the Community Re-investment Act in 1977 that forced banks to make those riskier loans. Then ACORN came along and urged Clinton to force banks to make a higher percentage of their loans to that same demographic of people.
Progressive Cloward-PivenMarxist Anarchy in action.