"wy" <
w...@myself.com> wrote in message
news:d23c827f-cdc4-47bc...@e18g2000yqc.googlegroups.com...
Bush's TARP did that while Hussein' stimulus and insane spending have been
an abysmal failure. Let's do it some more.
> Also restored in the last 28 months 4 million jobs, half those lost by
> Bush during his combined recession and crash.
You know, that kind of lying proves that you don't give a fuck about what
caused the financial crisis and therefor have no interest whatsoever in
avoiding another one, which in turn means that you don't give a mother fuck
about this country or your countrymen. The only thing your low IQ
third-world monkey fucking ass gives a damn about is shilling for the
democrats for something you see yourself as gaining personally and fuck
everybody else and the whole country. It's the nigger mindset and why all
cities and countries you run you run straight into the ground. Simple as
that.
"In 1992, Congress mandated that Fannie and Freddie increase their purchases
of mortgages for low-income and medium-income borrowers. Operating under
that requirement, Fannie Mae, in particular, has been aggressive and
creative in stimulating minority gains."
"The two companies are now required to devote 42% of their portfolios to
loans for low- and moderate-income borrowers"
"Although Fannie Mae actually has exceeded its target since 1994, it is
resisting any hike. It argues that a higher target would only produce more
loan defaults by pressuring banks to accept unsafe borrowers."
http://articles.latimes.com/1999/may/31/news/mn-42807
"The Bush administration today recommended the most significant regulatory
overhaul in the housing finance industry since the savings and loan crisis a
decade ago."
"Under the plan, disclosed at a Congressional hearing today, a new agency
would be created within the Treasury Department to assume supervision of
Fannie Mae and Freddie Mac, the government-sponsored companies that are the
two largest players in the mortgage lending industry."
http://tinyurl.com/6lp5qu
http://www.youtube.com/watch?v=M8LA8hPgQtI
http://www.opensecrets.org/news/2008/09/update-fannie-mae-and-freddie.html
http://www.youtube.com/watch?v=Lr1M1T2Y314
http://www.youtube.com/watch?v=_MGT_cSi7Rs
"McCain Letter Demanded 2006 Action on Fannie and Freddie"
"Sen. John McCain's 2006 demand for regulatory action on Fannie Mae and
Freddie Mac could have prevented current financial crisis, as HUMAN EVENTS
learned from the letter shown in full text below."
http://www.humanevents.com/article.php?id=28973
Unlike Bush and McCain, as senator, Obama did nothing, other than earn the
distinction of becoming the second largest recipient of F&F contributions in
the entire congress, even in his short stint there.
Bill Clinton himself said it best:
"I think the responsibility the Democrats have may rest more in resisting
any efforts by Republicans in the Congress or by me when I was President to
put some standards and tighten up a little on Fannie Mae and Freddie Mac."
-Bill Clinton
''These two entities -- Fannie Mae and Freddie Mac -- are not facing any
kind of financial crisis,'' said Representative Barney Frank of
Massachusetts, the ranking Democrat on the Financial Services Committee.
''The more people exaggerate these problems, the more pressure there is on
these companies, the less we will see in terms of affordable housing.''
-Eddie Haskell