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To: Ol' Dan Tucker

Okay, thanks! That definitely answered that question. I wasn’t aware of that much in detail.


101 posted on 09/30/2008 9:40:10 AM PDT by avacado
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To: avacado; Ol' Dan Tucker
He called on Fannie Mae and Freddie Mac to increase commitments to the 'minority' market by $440 billion. (See: President Calls for Expanding Opporunities to Home Ownership)

Bush DID ask for expansion of programs to help home buyers.

But, it is not clear whether he ACTUALLY asked for $440 Billion or MERELY thanked "lenders" for their $440 commitment

At any rate

Would Bush have asked for this if he had known Fannie Mae was cooking the books?

Would Americans have allowed this to continue for 5 more years if an independent overseer told them about the abuses?

If Democrats had supported reform we would be in much better shape now.

134 posted on 10/01/2008 9:25:54 AM PDT by syriacus (Under Bush, Dems controlled the Senate for MOST of the 107th Congress and for ALL of the 110th)
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