It didn't help?? Then why hasn't there been a problem with the GSE's since?
The Democrats, including Barack Obama, insisted tthere wasn't a problem before late 2008 until it all hit the fan when the housing bubble collapsed. Under Barack Obama's leadership the economy has generally sucked for the last five years, but at such time as it does begin to improve, the housing market will re-establish itself and there has been very little done to prevent a new bubble from occurring. In his typical fashion, Barack Obama just recently said this is something that needs to be addressed but is lukewarm re the Corker Warner bill that wouldn't fix it but would at least help, and he has offered absolutely no proposals or ideas of his own. We can add his follow through on banking reforms to the long list of campaign promises that so far appear to be mostly a lie.
finance.fortune.cnn.com/2013/08/28/hank-paulson-fannie-freddie/
That Democrats began passing bills aimed at adding oversight to the GSE's right after taking over the Congress in 2007 reveals you're talking out of your ass.
Sorry, but you simply can't provide any evidence for your statement here.
Your confidence in your own ignorance is amazing though. We were just discussing that phenomenon on my http://www.usmessageboard.com/politics/323464-a-fulfillment-of-prophecy-9.html thread with this comment:
But confident ignorance is one of the most dangerous qualities in a leader of a nation. If he has the rhetorical skills to inspire others to have the same confidence in him, then you have the ingredients for national disaster. (The Confident Ignorance of Barack Obama | National Review Online)
Obviously, given some of the remarks on this thread, that statement was also prophetic.
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