Quote Originally Posted by Kirkland Laing View Post
How are the Democrats at fault for what Fannie and Freddie have done?

What is this "bad mojo" you speak of?

How is anything Fannie and Freddie have done responsible for the current crisis?

What do you think caused the current crisis?


You recently complained nobody ever asked you specific questions. Well those are specific questions. Can I have specific answers please?
#1 DEMOCRATS have been in charge of Fannie and Freddie for a long time and starting with Jimmy Carter's "Reinvest in the community program" and reaching a head with The Clinton White House demanding banks make idiotic loans. Also that video shows Republicans wanted more oversight on Fannie and Freddie because Mr. Franklin Raines was making MILLIONS of dollars digging the hole we have since fallen into and even BILL CLINTON blames the Democrats for what has happened.
http://www.youtube.com/watch?v=hfGWxqsKFmY


#2 "Bad Mojo" encompasses all that has gone on banks making bad loans, Fannie and Freddie buying those loans, people (who didn't really deserve houses to begin with) being foreclosed on, tax payers having to flip the bill etc etc.

#3 Fannie and Freddie guaranteed money to banks making bad loans....hello GUARANTEED!!!! The free market was bound to take advantage of that AND the government had been forcing...yes FORCING banks to make these bogus loans.

#4 Well it's the improper mixing of government controls and regulations and the free market....the free market is going to follow the path of least resistance and with regulations come road blocks but also loop holes and if there is nobody looking regulations don't mean shit.

....so yeah have your specific answers