[mattdono]

BUMP for reference

[PGR88]

And now the Democratic grandee and HUD failure Andrew Cuomo wants to be Governor of NY State.

NY is probably the only place in the Union where losing a $1 trillion on Fannie and Freddie is not considered a bad thing.

[FreeKeys]

Many explanations lie behind this collapse, but arguably the most crucial, and underappreciated, has been excessive federal intervention in the housing market.

Ya think?????

The financial disaster is COMPLETELY traceable to the millions of bad loans THE POLITICIANS FORCED THEM TO MAKE SINCE THE DAYS OF JIMMY CARTER.  Even the derivatives the Wall Street investment bankers had problems with were based on them. "Congressman Frank and Senator Dodd wanted the government to push financial institutions to lend to people they would not lend to otherwise, because of the risk of default.    "The idea that politicians can assess risks better than people who have spent their whole careers assessing risks should have been so obviously absurd that no one would take it seriously."  
                      -- Dr. Thomas Sowell, Professor Emeritus, Economics, Stanford University, HERE

CLICK ON THIS TO FIND WHERE YOU CAN GET A FULL-SIZE PDF:

AND FIND A LOT MORE POSTERS HERE.

[Oldpuppymax]

WHAT? You mean intimidating banks into lending $500,000 to unemployed illegal aliens could be a bad idea? Well God, who knew?

[M-cubed]

Finally the truth comes out!!!.....excellent read...
The Dems, single-handedly, trashed the economic system!!!

this vid should be played on all campaign commercials...on the senate floor...everywhere!!...make it the only issue when discussing our economic disaster!.....

http://www.youtube.com/watch?v=_MGT_cSi7Rs

THERE AINT NO FREE LUNCH!....and the chickens have now come home to roost

[TopQuark]

Thank you for the interesting post, which also allowed me to get acquainted with NLPC.