Fannie Mae Eases Credit To Aid Mortgage Lending

>will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans.

Which is EXACTLY how this mess got started.

 

That's correct! Now take note of the date and take note of who's administration was pushing it. Try to remember this the next time someone - like Obama and friends, for example - try to blame Bush and friends for causing the problem. What suckers some have been!

 

The liberals must be convinced the New York Times article was a fraud!

Clinton sure did help create a big mess, didn't he? Under his watch the government pressured the banks to make loans people couldn't pay back even with extra generous terms. He was so proud of it! Now we're making good on all those bad debts - after we made our payments on normal terms - plus taking big hits on the value of our investments. He can't even step up now and take "credit" for it - it's easier to pass off as more blame on Bush. I wonder if Clinton sleeps well knowing this? Probably!

 

Hey,

If our liberal friends here in the BB don't post a comment on this thread then we will not be able to sat I told you so.

Perhaps that is their new strategy for hear no evil, see no evil...

Just put the blinders on and keep Hoping for Change, Yes we can!:tonofbricks:

 

They're just not biting on this one! It's a slam dunk so it's better to avoid it.

 

Zzzz ... zzzz ... zzzz. Have they responded yet? No? Okay! Zzzz ... zzzz ... zzzz!

Note that Obama is rounding up the old Clintonites for his team. Maybe he'll pick some of the Fannie Mae wizards to help with the economy!

 

The real question isn't who originally supported the concept of subprime mortgages. it's when did subprime loan originations occur. The vast majority of these loans have occurred during the last 8 years. Under Clinton this idea originated. Under Bush it became the reason for the worldwide economic crisis we are now experiencing. Regulation should have severely cut back this process years ago. The Republicans had control and they were asleep at the watch.

 

You cannot just divorce anything that happened in the last eight years from congress. At the same time I have posted evidence that it has been the Dems that ignored warnings and cry's from Republicans about the potential problems with these mortgages and the call by conservatives for regulation and the response from lbs that everything was fine. It puzzles me why you and others continue to ignore those facts all the while blaming Bush.

 

So if Bush were to do something as detrimental as what Clinton did in '99, months before he left office, you would be blaming Obama for the mess Bush created since the majority of it happened "under his watch". I highly doubt it. Liberals have double standards.

 

What? Of course the "real question" is who's responsible for the policies that lead to the problem and that responsibility rests with Democrats such as Carter and Clinton. If it had not been orginated it would have never become a problem to fix. Further, all efforts by Republicans, including the Bush administration, to bring any sensible oversight to these polices were strongly resisted by the Democrats mostly still in office today. There was no chance of repeal for the screams of racism and "doing more for the poor" drowned the attempts. That's very much the opposite of what you've suggested. Of course, without change the Republican adminsitrations had no choice but to implement the law. Congress is still in control of the legislation isn't it?

 

If any thing positive happens Obama will take the credit. If any thing negative happens Bush will be blamed. This will work for seveal years.

 

Very well stated!

 

Clintonites or Cllintonistas?:laugh: :laugh: