[avacado]

Mr. Devore, through Fannie Mae and Freddie Mac the Democrats were able to increase the quota for subprime loans and to force banks to increase risky subprime loans which in turn were bundled into securities and the leveraged. These toxic securities caused the complete meltdown the US economy. Republicans presented regulation legislation in 2004, 2005, & 2006 which was killed by Democrats.

Why do Republicans continue to allow the Democrats to blame the Republicans for the US economic meltdown when it was the Democrats who caused this mess?

[Chuck DeVore]

Lack of philosophical confidence, mainly. One must be sure and bold before one can defend what is right with confidence.

[Chuck DeVore]

We need to cut Fannie Mae and Freddie Mac loose from the federal government and the taxpayer guarantees that they enjoy. No more moral hazard.