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To: jazusamo
"No one pushed harder than Congressman Barney Frank to force banks and other financial institutions to reduce their mortgage lending standards, in order to meet government-set goals for more home ownership. Those lower mortgage lending standards are at the heart of the increased riskiness of the mortgage market and of the collapse of Wall Street securities based on those risky mortgages.

Senator Christopher Dodd has played the same role in the Senate as Barney Frank played in the House of Representatives."

That's why I place these two at the top of the list of culprits. Their role in this should be further investigated, and they should be called in to answer embarrassing and humiliating questions by Congress.

35 posted on 03/23/2009 8:45:11 PM PDT by TAdams8591 (Bush's recession, Obama's depression.)
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To: TAdams8591

Exactly right but with the Rats controlling Congress and Pelosi and Reid as the leadership it isn’t going to happen, IMO. Frank and Dodd should be gone, period!


38 posted on 03/23/2009 8:54:17 PM PDT by jazusamo (But there really is no free lunch, except in the world of political rhetoric,.: Thomas Sowell)
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