[whitedog57]

The Clinton and Bush Administration pushed homeownership to households that should have rented. When housing prices were going up, they were heroes. Now they (at least the Bush Administration) are villians.

First, Fannie and Freddie purchased a staggering number of PRIME second home and investor loans.

Second, many of the borrowers were actually speculators in housing. We tell them it is a good thing, the banks provide it, then we criticize the banks.

Third, investors (pension funds, hedge funds, insurance companies, banks) forgot about due diligence and purchased securities they knew were risky, but loved the yield pickup.

So, let’s blame public policy, investor greed/negligence and fraud by borrowers. Oh wait, people want to blame a CORPORATION! Okay Hillary, the banks are an easy target.

You obese, wrinkled, compulsive lying Communist POS.

[ProtectOurFreedom]

An ultra-leftist in our office absolutely believes the mortgage mess was entirely caused by the evil capitalist corporations. No explanation of how faulty legislation, lousy public policy, and easy money after the tech-wreck caused this mess could ever dissuade her. In her simplistic, sophomoric world —>
BUSINESS = EVIL, BAD
GOVERNMENT = WONDERFUL, GOOD, DO NO WRONG

The funny thing is she’s not a starry-eyed young utopian, but a senior citizen.

I’d love for her to spend a year in the monolithic, all-grey, stifling public housing common in all communist countries. Maybe then she’d change her tune.

[Husker8877]

Well said!

[Jimmy Valentine]

Lets remember that when Deval Patrick was at the Justice Department thiswas his big thing. He sued or threatened to sueany banks he felt were not doing enough forthe deserving poor and underserved.

Memoriesare short, but even Hillary ought to remember that one.