Faun
Diamond Member
- Nov 14, 2011
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Dumbfuck,,,,George W Bush, as you well know.Who gave us the Mortgage Meltdown?
And..you're a fool, as well.
Let's see if you're educable:
1. Democrat FDR shredded the Constitution....ignoring article I, section 8, the enumerated powers.
He created GSE's Fannie, and his drones followed with Freddie, to do something the Constitution didn't authorize: meddle in housing.
2. Democrat Carter....the CRA, constraining banking policy
3. Democrat Clinton....strengthened the CRA
Under Clinton, HUD threatened banks, again, to give unrequited loans.
Henchmen: Democrats Cisneros and Cuomo.
4. Democrats Frank and Dodd barred any governmental discipline in this area.
It was Democrats and Democrat policies that caused the Mortgage Meltdown
That's the CliffNotes version.
I don't believe you can handle the details.
"Thanks to our policies, home ownership in America is at an all-time high." ~ George Bush, 9.2.2004, RNC acceptance speech