I wish someone had listened to the FBI in 2004

[Truthmatters]

the FBI knew


why didn't they listen?

 

[DiamondDave]

Bitch bringing up 3 year old threads with her trolling now??

 

[healthmyths]

You mean like Barney Franks and Chris Dodd? The two members of Congress directly responsible for defeating every attempt by Bush to create more regulation? The two responsible for defeating McCain's attempt at more regulation?

Those two went before the American people repeatedly from 2004 to 2008 insisting that the Housing market was save secure and would be hurt by more regulation of Fanny and Freddy. In fact Barney was on National TV just a month or so before the crash telling the American electorate that the Housing market was save, booming and in no danger of anything EXCEPT more regulation.

Here is exactly what they said!!!


Now Bush wanted the DEMOCRAT REPRESENTATIVES to take ACTION action FANNIE/FREDDIE BUT unlike the current Prez.. he didn't go around Congress!

GWB's administration was LAUGHED AT BY Democrats Frank and Dodd after 17 times trying to get Fannie/Freddie fixed!
"Over the past six years, the President and his Administration have not only warned of the systemic consequences of failure to reform GSEs but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties.
President Bush publicly called for GSE reform at least 17 times in 2008 alone before Congress acted.
Unfortunately, these warnings went unheeded, as the President's repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems.
Setting the Record Straight: The Three Most Egregious Claims In The New York Times Article On The Housing Crisis

Many prominent Democrats, including House Finance Chairman Barney Frank, opposed any legislation correcting the risks posed by GSEs.
* House Financial Services Committee Chairman Barney Frank (D-MA) criticized
the President's warning saying:
"these two entities - Fannie Mae and Freddie Mac - are not facing any kind of financial crisis .The more people exaggerate these problems,
the more pressure there is on these companies, the less we will see in terms of affordable housing."..
(Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae," New York Times, 9/11/03)

* Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd also ignored the President's warnings and called on him to "immediately reconsider his ill-advised" position. (Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze Is Rejected, As Critics Complain Of Opportunism," New York Times, 8/11/07)

Barney Frank's Fannie and Freddie Muddle - Sam Dealey (usnews.com)

 

[Rat in the Hat]

 

[Truthmatters]

Bitch bringing up 3 year old threads with her trolling now??

DEAR FUCKING IDIOT,


history is part of reality.

I know you hate reality