Well Pelosi? Not you guys?
Rush should take out an ad the Wall Street Journal and USA Today and publish this. I am so sick of everyone blaming Bush for this...THERE IS SO MUCH BLAME TO GO AROUND. This makes me want to vote for Palin even more. We need people who are TRULY outsiders, who have no connection, no favors to pay back. This is OUTRAGEOUS.
Fannie and Freddie got shut down after the Morgan Stanley report revealed that both were WAY undercapitalized.
Syron, the CEO of Freddie, promised to raise billions of dollars of capital, didn’t, but then had the nerve to post it as CAPITAL! He then used to the increase in (bogus) capital to raise the retained portfolio by 20%!!!!!!
This meltdown is the fault of Carter and Clinton’s Community Reinvestment Act and Fannie and Freddie. Obama should be lose the election because of his scummy friends.