[tallyhoe]

The Democrats are trying to Blame Bush and the Republicans

[FlingWingFlyer]

Somebody needs to go after Franklin Raines’ ass and get our 90 million bucks back.

[BGHater]

They are both at fault. This is getting ridiculous.

[unspun]

Barney Frank, Chris Dodd, Barack ACORN Obama....

[1035rep]

"The current meltdown in the mortgage industry is a direct result of giving mortgages to people who could not pay them back, a practice protected by Congressional Democrats."

[farmer18th]

Wow. That one should be posted far and wide. (I don’t like Bush, but if he did that, he deserves credit.)

[Defiant]

Fearing that mortgages would no longer be available to people who were unable to pay them back, Democrats eventually killed the proposal.

Did I read that right?

[Chaguito]

And who, so far, is telling the American people this truth in a way they can understand?

Sadly, the entire congress is complicit in the destruction of my retirement nestegg, and, rhetoric aside, I don't see any masked men on white stallions on the horizon. Lots of good talk though.

[NormsRevenge]

Fearing that mortgages would no longer be available to people who were unable to pay them back, Democrats eventually killed the proposal. The current meltdown in the mortgage industry is a direct result of giving mortgages to people who could not pay them back, a practice protected by Congressional Democrats.

worth repeating over and over..

Fearing that mortgages would no longer be available to people who were unable to pay them back, Democrats eventually killed the proposal. The current meltdown in the mortgage industry is a direct result of giving mortgages to people who could not pay them back, a practice protected by Congressional Democrats.

..and over..

Fearing that mortgages would no longer be available to people who were unable to pay them back, Democrats eventually killed the proposal. The current meltdown in the mortgage industry is a direct result of giving mortgages to people who could not pay them back, a practice protected by Congressional Democrats.

no collateral, no tickie.. no tickie no laundry..

who’s been taking who to the cleaners for years?

we know who always get blamed for it, regardless solid facts in evidence to the otherwise.

[STARWISE]

Thank you for posting this!

The Party of Incompetence is always at the bottom of every major screw up.

[originalbuckeye]

But, but, but all the talking heads say it is Bush's fault! Wah! Wah!

[Hattie]

Paging Ms Pelosi.

[fso301]

''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''

[GOP Poet]

People will see this problem has much more to do with Democrat policies than Republican. It is too bad though that this process was not stopped by Republicans. Of course the MSM will not look at any of this with objectivity.

[Cementjungle]

The solution is simple, blame Bush. You know what? 50% of the country (the Dems) will buy that hook, line and sinker.

The whole concept of giving loans to people who can't afford them was a huge push towards socialism, ushered in by Carter and built upon by people like Clinton. The Dem Congress covered up for this one while it was failing, and now they want even more control of the government. Their only way to fix this mess and others on the horizon will be to go all the way... to socialism. That would not be good at all.

[GOP Poet]

Fannie and Freddie were a problem long before Bush took office.

[Psycho_Bunny]

'These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts..."The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.'

Dumbass. The WSJ saw all this coming back in 98.

[KoRn]

"The Democrats are trying to Blame Bush and the Republicans"

While democrat finger prints are all over this, right into the Obama campaign. The GOP should be firing with both barrels at the dems on this, but they seem to be stuck on criticizing Wall Street instead....

[Anti-Bubba182]

Good find!

[NoLibZone]

The U.S. Department of Housing and Urban Development (HUD) has oversight responsibilities for the housing mission of Freddie Mac.

Under the GSE Act, Freddie Mac also must obtain the approval of the Secretary of HUD for any new programs we undertake that are significantly different from programs that have been previously approved.

[nutmeg]

Excerpt:

A September 11, 2003 New York Times article shows that President Bush proposed “the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.” His proposal: An agency within the Treasury Department to supervise mortgage giants Fannie Mae and Freddie Mac. Fearing that mortgages would no longer be available to people who were unable to pay them back, Democrats eventually killed the proposal. The current meltdown in the mortgage industry is a direct result of giving mortgages to people who could not pay them back, a practice protected by Congressional Democrats.