That is the way I see it too.

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Jim

Translation of Barney Frank's statement is easy: "My checks from Fannie & Freddie are in the mail."

Why did we not see the Sunday TV Talk shows holding Senator Frank accountable for his statement that there was no problem?

Some would say it is the liberal bias in the media, but many of you would not agree. So why do they not interview him, and other dem leaders and ask why?

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1982 300SD " Wotan" ..On the road as of Jan 8, 2007 with Historic Tags

FYI, Franks is a House member.

Carry on.

B

My bad.

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1982 300SD " Wotan" ..On the road as of Jan 8, 2007 with Historic Tags

I'm all for putting blame where it lies but where exactly does it ? With someone who said years ago that all is well ? With someone who sat by and watched it go down the toilet ? With money hand over fist in everyone's pocket, I'm hard-pressed to find fault in one single person, party or agency. They all made money off of this mess and all knew it would unravel eventually. This is a colossal mess and they all had a hand in the cookie jar. Now that it's fallen apart, they're all point the finger at each other all the way to their (offshore) banks.....

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Sharing my partner's 2012 Forte 5dr SX til I find my next 123 or 126..
-
Do I miss being a service advisor ???

"Follow the money"
Look at the list of House Reps, and Senators who rec'd $$$ from Freddie and Fannie.
See if you can discover any patterns there.
That might be a place to start in placing fault.

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1982 300SD " Wotan" ..On the road as of Jan 8, 2007 with Historic Tags

Democrats always look out for the "small guys" - in this case, the "small guys" had no money to buy a house during the largest real estate climb anyone of us will probably ever see again. The Congress, despite warnings, let FredMac and FanMae go about their business of buying loose loans and now here we are. This could have been avoided - probably wouldn't have been, but could have. I blame Congress in general, but I blame the Dems in this particular case b/c they voted down the regulation that was necessary when the warnings were sounded.

You certainly can tell this is an election year, can't you?

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- Brian


1989 500SEL Euro
1966 250SE Cabriolet
1958 BMW Isetta 600

They look out for themselves and play the "small guy" card.

Actually, during his last year, Clinton pushed Fannie May into loosening the standards. Yes, it could have been avoided. By not setting up Fannie Mae and then later Freddie Mac

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01 Ford Excursion Powerstroke
99 E300 Turbodiesel
91 Vette with 383 motor
05 Polaris Sportsman 800 EFI
06 Polaris Sportsman 500 EFI
03 SeaDoo GTX SC Red
03 SeaDoo GTX SC Yellow
04 Tailgator 21 ft Toy Hauler
11 Harley Davidson 883 SuperLow

From opensecrets.org:

All Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008

Democrats:
PACs 1.540.749
Indiv 1.222.353
Totals 2.763.102

Repubs:
PACs 603.922
Indiv 1.470.298
Tot 2.073.970

__________________
Sharing my partner's 2012 Forte 5dr SX til I find my next 123 or 126..
-
Do I miss being a service advisor ???