Dems did NOT cause meltdown- Pub Propaganda as usual....

Discussion in 'Politics' started by hellofromwarsaw, Jun 28, 2011.

  1. hellofromwarsaw
    Offline

    hellofromwarsaw BANNED

    Joined:
    Jul 14, 2010
    Messages:
    1,617
    Thanks Received:
    112
    Trophy Points:
    0
    Location:
    NY 26th finally Dem!
    Ratings:
    +112
    By David Goldstein and Kevin G. Hall | McClatchy NewspapersWASHINGTON — As the economy worsens and Election Day approaches, a conservative campaign that blames the global financial crisis on a government push to make housing more affordable to lower-class Americans has taken off on talk radio and e-mail.
    Commentators say that's what triggered the stock market meltdown and the freeze on credit. They've specifically targeted the mortgage finance giants Fannie Mae and Freddie Mac, which the federal government seized on Sept. 6, contending that lending to poor and minority Americans caused Fannie's and Freddie's financial problems.
    Federal housing data reveal that the charges aren't true, and that the private sector, not the government or government-backed companies, was behind the soaring subprime lending at the core of the crisis.


    http://www.mcclatchydc.com/2008/10/12/53802/private-sector-loans-not-fannie.html

    Sorry about facts :razz:
     
    • Thank You! Thank You! x 3
    Last edited by a moderator: Jun 29, 2011
  2. Antiderivative
    Offline

    Antiderivative BANNED

    Joined:
    Apr 17, 2011
    Messages:
    1,616
    Thanks Received:
    103
    Trophy Points:
    0
    Ratings:
    +103
    What the fuck happened to paragraphs?

    Plus, Dems under Clinton had the chance to regulate toxic derivatives, but what did they do? They chased Brooksley Borne out of Washington. Then Obama hired old Clintonites such as Summers, Geithner, and Gensler. Now Gensler is heading the CTFC.

    Plus, both parties are responsible. However, Dems played their role.
     
  3. hellofromwarsaw
    Offline

    hellofromwarsaw BANNED

    Joined:
    Jul 14, 2010
    Messages:
    1,617
    Thanks Received:
    112
    Trophy Points:
    0
    Location:
    NY 26th finally Dem!
    Ratings:
    +112
    Yes, they helped worthy poorer WORKERS, worthy of credit, to be able to get mortgages. Then Boooosh and his cronies castrated the SEC and stopped enforcement of regulations, followed by amazing corruption, a huge bubble, and worldwide disaster.
     
  4. Toddsterpatriot
    Offline

    Toddsterpatriot Gold Member

    Joined:
    May 3, 2011
    Messages:
    26,085
    Thanks Received:
    3,643
    Trophy Points:
    280
    Location:
    Chicago
    Ratings:
    +10,046
    You're a liberal, of course you're sorry about facts.
     
    • Thank You! Thank You! x 1
  5. Dont Taz Me Bro
    Offline

    Dont Taz Me Bro USMB Mod Staff Member Gold Supporting Member Supporting Member

    Joined:
    Nov 17, 2009
    Messages:
    31,598
    Thanks Received:
    6,683
    Trophy Points:
    1,170
    Location:
    Las Vegas, Nevada
    Ratings:
    +17,474
    Both parties had a hand in the meltdown. If you can't comprehend that you're too stupid for words and deserve the government ass raping you receive.
     
  6. hellofromwarsaw
    Offline

    hellofromwarsaw BANNED

    Joined:
    Jul 14, 2010
    Messages:
    1,617
    Thanks Received:
    112
    Trophy Points:
    0
    Location:
    NY 26th finally Dem!
    Ratings:
    +112
    Run away!! Shoo!
     
  7. hellofromwarsaw
    Offline

    hellofromwarsaw BANNED

    Joined:
    Jul 14, 2010
    Messages:
    1,617
    Thanks Received:
    112
    Trophy Points:
    0
    Location:
    NY 26th finally Dem!
    Ratings:
    +112
    If you vote Pub, you deserve the azz raping, you mean. Pubs ALWAYS boom and bust, with the nonrich paying the tab. 140 YEARS of corruption, cheating, lying, and taking the sheep for a ride. Divide and conquer...Great salesmen!!
     
  8. CrusaderFrank
    Online

    CrusaderFrank Diamond Member

    Joined:
    May 20, 2009
    Messages:
    81,185
    Thanks Received:
    14,905
    Trophy Points:
    2,210
    Ratings:
    +36,927
    "These two entities—Fannie Mae and Freddie Mac—are not facing any kind of financial crisis," -- Democrats 2008
     
  9. hellofromwarsaw
    Offline

    hellofromwarsaw BANNED

    Joined:
    Jul 14, 2010
    Messages:
    1,617
    Thanks Received:
    112
    Trophy Points:
    0
    Location:
    NY 26th finally Dem!
    Ratings:
    +112
    NOTHING in comparison to private mortgagers- they weren't lying. Rush, Sean, Glenn and pubs are, duh.
     
  10. CrusaderFrank
    Online

    CrusaderFrank Diamond Member

    Joined:
    May 20, 2009
    Messages:
    81,185
    Thanks Received:
    14,905
    Trophy Points:
    2,210
    Ratings:
    +36,927
    Can you please tell me what Fannie and Freddie do?
     

Share This Page