Obama fights back against McCain's ecomonics

http://www.keatingeconomics.com/

i guess the obama camp finally started to give them a run for their money

also, they made this

Barrack Obama does know that democrats are to blame for our current finacial crisis, more specifically Carter, and Clinton.ferrari2001

among the knowledge that a lot of things (including the economy) are to be blamed on a particular republican.

Barrack Obama does know that democrats are to blame for our current finacial crisis, more specifically Carter, and Clinton.ferrari2001

Oh yeah Clinton is to blame for the current situation even though he balanced the budget while he was in office and in the 8 years that have followed Bush and his republican lead administration have put us so far in debt that we are on the brink of a depression and are in a recession already, but it is somehow Clinton's fault right? Only in the mind on someone that can't look at his own party for what they really are because it hurts to much.

Barrack Obama does know that democrats are to blame for our current finacial crisis, more specifically Carter, and Clinton.ferrari2001

After clinton's presidency, our nation had the highest amount of money it has ever, ever had.

As we approach the end of bush's presidency, we have the highest DEBT our country has ever, ever had.

-????????????

[QUOTE="ferrari2001"]Barrack Obama does know that democrats are to blame for our current finacial crisis, more specifically Carter, and Clinton.paullywog

After clinton's presidency, our nation had the highest amount of money it has ever, ever had.

As we approach the end of bush's presidency, we have the highest DEBT our country has ever, ever had.

-????????????

The only reason we didn't have as big a debt under Clinton is because of the republican congress from '94 to 2000.

[QUOTE="paullywog"]

[QUOTE="ferrari2001"]Barrack Obama does know that democrats are to blame for our current finacial crisis, more specifically Carter, and Clinton.halfirishhomer

After clinton's presidency, our nation had the highest amount of money it has ever, ever had.

As we approach the end of bush's presidency, we have the highest DEBT our country has ever, ever had.

-????????????

The only reason we didn't have as big a debt under Clinton is because of the republican congress from '94 to 2000.

:lol:

Take a look at this-

http://www.lafn.org/politics/gvdc/Natl_Debt_Chart_2006.gif

Carter helped ruin us, yes, but not Clinton. Clinton was great and I'd love a moderate democrat as president (not Obama). But the Bush administration is definitely to blame, and so is the democratic congress.

[QUOTE="halfirishhomer"][QUOTE="paullywog"]

[QUOTE="ferrari2001"]Barrack Obama does know that democrats are to blame for our current finacial crisis, more specifically Carter, and Clinton.mfacek

After clinton's presidency, our nation had the highest amount of money it has ever, ever had.

As we approach the end of bush's presidency, we have the highest DEBT our country has ever, ever had.

-????????????

The only reason we didn't have as big a debt under Clinton is because of the republican congress from '94 to 2000.

:lol:

You think a democratic congress would've been better? Look at the one we've got now. What good have they done?

Barrack Obama does know that democrats are to blame for our current finacial crisis, more specifically Carter, and Clinton.ferrari2001

Republicans are on the wrong side of the issue and you know it. The people to blame are:

1. Reagan, for massively deregulating large corporations

2. The American people, for being too reliant on oil (driving SUVs, AC, etc.) and jacking prices up

3. Corporate America, for taking advantage of bad credit-holders, and dooming the housing market.

Don't reverse your argument and say that Government is to blame. Wall St. is the real culprit...

[QUOTE="mfacek"][QUOTE="halfirishhomer"][QUOTE="paullywog"]

[QUOTE="ferrari2001"]Barrack Obama does know that democrats are to blame for our current finacial crisis, more specifically Carter, and Clinton.halfirishhomer

After clinton's presidency, our nation had the highest amount of money it has ever, ever had.

As we approach the end of bush's presidency, we have the highest DEBT our country has ever, ever had.

-????????????

The only reason we didn't have as big a debt under Clinton is because of the republican congress from '94 to 2000.

:lol:

You think a democratic congress would've been better? Look at the one we've got now. What good have they done?

I'll just throw this out there again.

http://www.lafn.org/politics/gvdc/Natl_Debt_Chart_2006.gif

Barrack Obama does know that democrats are to blame for our current finacial crisis, more specifically Carter, and Clinton.ferrari2001

He said mismanagement by the Federal Reserve over the last seven years was one of the major factors underlying the current problem.

"They had the regulatory authority to prevent some of these bad practices that we are now paying for and he chose not to do it."

Stiglitz said the reason related in part to the war in Iraq and the very negative effect on the economy.

"They didn't want Americans to know exactly how bad the war was for the economy so they flooded it with liquidity, they looked the other way with regulations and they deliberately, I think, postponed the problem into the future and now we're paying the price."

http://economictimes.indiatimes.com/International_Business/Financial_crisis_worst_since_1930s/articleshow/2881608.cms

Seriously you guys are pathetic.. Notice that not a single economist has came out and said that one single source is reponsible for the crisis.. There is odviously MULTIPLE factors that are involved here, and both parties hold responsibility in this crisis.

have fun people that think republicans are to blame.. a crisis this bad can't happen in 8 years.. It's been 20 years in the making..

http://www.youtube.com/watch?v=1RZVw3no2A4

[QUOTE="halfirishhomer"]

The only reason we didn't have as big a debt under Clinton is because of the republican congress from '94 to 2000.

mfacek

:lol:

Take a look at this-

http://www.lafn.org/politics/gvdc/Natl_Debt_Chart_2006.gif

mfacek

It's pretty obvious Bush has had more debt than Clinton. This Country being at War, Terroist Attacks, Hurricanes, have all been part of it. And in case you forgot, Bill Clinton and Hilary Clinton supported the Presidents decision in going to War in Iraq. So had they been president, I'm sure their graph would look very similar. But I guess you just like to leave out those reasons of why that Chart would look the way it does.

[QUOTE="mfacek"]

Take a look at this-

http://www.lafn.org/politics/gvdc/Natl_Debt_Chart_2006.gif

tharg617

It's pretty obvious Bush has had more debt than Clinton. This Country being at War, Terroist Attacks, Hurricanes, have all been part of it. And in case you forgot, Bill Clinton and Hilary Clinton supported the Presidents decision in going to War in Iraq. So had they been president, I'm sure their graph would look very similar. But I guess you just like to leave out those reasons of why that Chart would look the way it does.

You guys need to stop arguing over who takes the blame in our current situation. The truth is, everybody needs to take their due credit. What's happenig here is the result of bad decision making across all levels of government, between and within both party lines, and within government and business. You can't blame it on a certain person, or even a certain group, because really, the entire government failed us on this one.MetroidPrimePwn

The government did fail to stop this from happening, but the people carry as much blame as anyone else.

[QUOTE="ferrari2001"]Barrack Obama does know that democrats are to blame for our current finacial crisis, more specifically Carter, and Clinton.Calvan

among the knowledge that a lot of things (including the economy) are to be blamed on a particular republican.

You do realize that Bush and Republicans actually tried to get more oversight of the GSE's Fannie Mae and Freddie Mac, right? But guess who stopped them? Democrats who said that there's nothing wrong with Fannie or Freddie......

[QUOTE="Calvan"]

[QUOTE="ferrari2001"]Barrack Obama does know that democrats are to blame for our current finacial crisis, more specifically Carter, and Clinton.trix5817

among the knowledge that a lot of things (including the economy) are to be blamed on a particular republican.

You do realize that Bush and Republicans actually tried to get more oversight of the GSE's Fannie Mae and Freddie Mac, right? But guess who stopped them? Democrats who said that there's nothing wrong with Fannie or Freddie......

[QUOTE="trix5817"][QUOTE="Calvan"]

[QUOTE="ferrari2001"]Barrack Obama does know that democrats are to blame for our current finacial crisis, more specifically Carter, and Clinton.LJS9502_basic

among the knowledge that a lot of things (including the economy) are to be blamed on a particular republican.

You do realize that Bush and Republicans actually tried to get more oversight of the GSE's Fannie Mae and Freddie Mac, right? But guess who stopped them? Democrats who said that there's nothing wrong with Fannie or Freddie......

I've already explained many times why they tried to put more regulations through an oversight agency more than once but the Housing and Banking Committee Democrats stopped this from happening. They needed a 60% majority for legislation to move forward, but all of the 9 Democrats in the committee of 20 voted against it, not allowing the bill to proceed. This is just one example. I don't feel like explaining this whole thing over again. There's articles everywhere on it and videos on youtube showing C-SPAN videos. Some Democrats even tried to play the race card.

Oh, and here's an article from the NY Times predicting this financial crisis due to the Community Reinvestment Act. Remember, it's from the NY Times, the most liberal newspaper out there.

I've already explained many times why they tried to put more regulations through an oversight agency more than once but the Housing and Banking Committee Democrats stopped this from happening. They needed a 60% majority for legislation to move forward, but all of the 9 Democrats in the committee of 20 voted against it, not allowing the bill to proceed. This is just one example. I don't feel like explaining this whole thing over again. There's articles everywhere on it and videos on youtube showing C-SPAN videos. Some Democrats even tried to play the race card.

Oh, and here's an article from the NY Times predicting this financial crisis due to the Community Reinvestment Act. Remember, it's from the NY Times, the most liberal newspaper out there.

trix5817

All you need do is bury it in another bill sure to get passed. It's done ALL THE TIME.

Barrack Obama does know that democrats are to blame for our current finacial crisis, more specifically Carter, and Clinton.ferrari2001

[QUOTE="trix5817"]

I've already explained many times why they tried to put more regulations through an oversight agency more than once but the Housing and Banking Committee Democrats stopped this from happening. They needed a 60% majority for legislation to move forward, but all of the 9 Democrats in the committee of 20 voted against it, not allowing the bill to proceed. This is just one example. I don't feel like explaining this whole thing over again. There's articles everywhere on it and videos on youtube showing C-SPAN videos. Some Democrats even tried to play the race card.

Oh, and here's an article from the NY Times predicting this financial crisis due to the Community Reinvestment Act. Remember, it's from the NY Times, the most liberal newspaper out there.

LJS9502_basic

All you need do is bury it in another bill sure to get passed. It's done ALL THE TIME.

I don't think you understand. This isn't the first time they've tried to do this. The Democrats in this Committee were strongly against the oversight of OFHEO. Did you even read the NY Times article? There are many more with much, much more information. I just chose that one because it was from a liberal newspaper predicting this will happen....in 1999.

You can deny facts all you want.

I don't think you understand. This isn't the first time they've tried to do this. The Democrats in this Committee were strongly against the oversight of OFHEO. Did you even read the NY Times article? There are many more with much, much more information. I just chose that one because it was from a liberal newspaper predicting this will happen....in 1999.

trix5817

[QUOTE="ferrari2001"]Barrack Obama does know that democrats are to blame for our current finacial crisis, more specifically Carter, and Clinton.Jacobistheman

What what what what what? I think you should read some history..

http://en.wikipedia.org/wiki/Causes_of_the_Great_Depression#Keynesian_explanation it had little to do with taxes.

[QUOTE="trix5817"]

I don't think you understand. This isn't the first time they've tried to do this. The Democrats in this Committee were strongly against the oversight of OFHEO. Did you even read the NY Times article? There are many more with much, much more information. I just chose that one because it was from a liberal newspaper predicting this will happen....in 1999.

LJS9502_basic

LJ thats simple, thats because Trix is apart of the forum republican cult.. Take your pick of numerous people such as Trix, Lobster, trashface etc etc.. You will never see them A) Say a single positive thing about democratic party or B) say a single negative thing about the republican party.. They are loony and can't be taken seriously not even in rational arguments like this that it is clear that every one is to blame.. They can't even admit that.

[QUOTE="trix5817"]

I don't think you understand. This isn't the first time they've tried to do this. The Democrats in this Committee were strongly against the oversight of OFHEO. Did you even read the NY Times article? There are many more with much, much more information. I just chose that one because it was from a liberal newspaper predicting this will happen....in 1999.

LJS9502_basic

All I ask is for you to look up the facts. This isn't really an opinion. The CRA and Government Supported Enterprises are all fact. Fannie Mae and Freddie Mac are GSE's. Just read up on what Fannie and Freddie are and what they did. It's the governments fault for supporting GSE's like Fannie and Freddie, and the bankers fault for relying on the government. But if government didn't get involved in the first place, this most likely would of never happened. At least not to this extent. The free market is not what caused this problem. Government is the root cause.

All I ask is for you to look up the facts. This isn't really an opinion. The CRA and Government Supported Enterprises are all fact. Fannie Mae and Freddie Mac are GSE's. Just read up on what Fannie and Freddie are and what they did. It's the governments fault for supporting GSE's like Fannie and Freddie, and the bankers fault for relying on the government. But if government didn't get involved in the first place, this most likely would of never happened. At least not to this extent. The free market is not what caused this problem. Government is the root cause.

trix5817

[QUOTE="mfacek"]

Take a look at this-

http://www.lafn.org/politics/gvdc/Natl_Debt_Chart_2006.gif

tharg617

It's pretty obvious Bush has had more debt than Clinton. This Country being at War, Terroist Attacks, Hurricanes, have all been part of it. And in case you forgot, Bill Clinton and Hilary Clinton supported the Presidents decision in going to War in Iraq. So had they been president, I'm sure their graph would look very similar. But I guess you just like to leave out those reasons of why that Chart would look the way it does.

1 big difference: they wouldn't have had Dick Cheney leading them around by their noses.

[QUOTE="LJS9502_basic"][QUOTE="trix5817"]

I don't think you understand. This isn't the first time they've tried to do this. The Democrats in this Committee were strongly against the oversight of OFHEO. Did you even read the NY Times article? There are many more with much, much more information. I just chose that one because it was from a liberal newspaper predicting this will happen....in 1999.

sSubZerOo

LJ thats simple, thats because Trix is apart of the forum republican cult.. Take your pick of numerous people such as Trix, Lobster, trashface etc etc.. You will never see them A) Say a single positive thing about democratic party or B) say a single negative thing about the republican party.. They are loony and can't be taken seriously not even in rational arguments like this that it is clear that every one is to blame.. They can't even admit that.

1) There's many things I dislike about the Republican Party. I'm a Conservative Libertarian. I tend to support Republicans because they are for less government and that's about it. Also, I'm Atheist/Agnostic. I dislike organized religion.

2)It's sad that you can't accept facts. Really, it is. How you think that Democrats and government intervention/regulation didn't have a huge role in this crisis is laughable. How you think that you're any different from me when you won't even admit something like this is laughable. You're no different.

So please, stop trying to act like you're somehow above me and are "enlightend". Because really, you're no different.

[QUOTE="tharg617"][QUOTE="mfacek"]

Take a look at this-

http://www.lafn.org/politics/gvdc/Natl_Debt_Chart_2006.gif

GamerForca

It's pretty obvious Bush has had more debt than Clinton. This Country being at War, Terroist Attacks, Hurricanes, have all been part of it. And in case you forgot, Bill Clinton and Hilary Clinton supported the Presidents decision in going to War in Iraq. So had they been president, I'm sure their graph would look very similar. But I guess you just like to leave out those reasons of why that Chart would look the way it does.

1 big difference: they wouldn't have had Dick Cheney leading them around by their noses.

You can't suggest that the Clintons would support the war as president if they were in Bush's position.. Bush recieved CONTRIDICTORY intel, the senate was given supposedly solid intel with none such contridictions.. Now this isn't to say they would support or reject the war, just saying its not a simple comparison.

[QUOTE="trix5817"]

All I ask is for you to look up the facts. This isn't really an opinion. The CRA and Government Supported Enterprises are all fact. Fannie Mae and Freddie Mac are GSE's. Just read up on what Fannie and Freddie are and what they did. It's the governments fault for supporting GSE's like Fannie and Freddie, and the bankers fault for relying on the government. But if government didn't get involved in the first place, this most likely would of never happened. At least not to this extent. The free market is not what caused this problem. Government is the root cause.

LJS9502_basic

I'm talking about the housing and mortage crisis. Democrats in this case, are for the most part to blame. I'm not playing blaming them just because of their political party. They actually are to blame here.

Can you please explain why Republicans are to blame? Or how the "free market" (if you can even call it that anymore) is to blame? Because you've stated no facts to back up you're claims. None.

[QUOTE="sSubZerOo"][QUOTE="LJS9502_basic"][QUOTE="trix5817"]

I don't think you understand. This isn't the first time they've tried to do this. The Democrats in this Committee were strongly against the oversight of OFHEO. Did you even read the NY Times article? There are many more with much, much more information. I just chose that one because it was from a liberal newspaper predicting this will happen....in 1999.

trix5817

LJ thats simple, thats because Trix is apart of the forum republican cult.. Take your pick of numerous people such as Trix, Lobster, trashface etc etc.. You will never see them A) Say a single positive thing about democratic party or B) say a single negative thing about the republican party.. They are loony and can't be taken seriously not even in rational arguments like this that it is clear that every one is to blame.. They can't even admit that.

12)It's sad that you can't accept facts. Really, it is. How you think that Democrats and government intervention/regulation didn't have a huge role in this crisis is laughable. How you think that you're any different from me when you won't even admit something like this is laughable. You're no different.

Not at all, I never said the democrats weren't responsible.. Every post about this I have said it was both parties in general.. Both had their failings, not to mention the odvious wall street businesses.. Every economist has said this, yet some how you directly always focus on the democrat responsiblity yet ignoring anything the republican party was at stake.. If you are what you claim you sure arn't showing it, nor does it seem like you being very objective what so ever.

The main cause of this financial problem falls back on Fannie Mae and Freddie Mac because they were giving out loans to people who could not possibly be able to pay them back. Now which party sounds like they would push for something like that. It sure as heck wasn't the Reps.

When it comes to Fannie Mae and Freddie Mac, the Dems wanted less regulation and the Reps called for more. If you don't believe me, HERE is undeniable proof. You have Dems saying there is no problem with Fannie and Freddie, and you have Reps calling for more regulation.

Heck even in 2005 McCain called for more regulation of Fannie and Freddie. Once again, HERE is proof.

Here is what it says and some excerpts for the lazy. And this was back in 2005, I might remind you.

Basically McCain was a co-sponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005. McCain talks about the illusions set up by Fannie Mae and Freddie Mac that were deliberately and systematically created for the senior managers, so they could get their bonuses. He pretty much flat out accuses them of having faulty accounting practices.

McCain concludes with "I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.

I urge my colleagues to support swift action on this GSE reform legislation."

And guess who blocked it. Mainly the Dems, but to be fair, some Reps blocked it as well. Now I wonder why the majority of Dems blocked stricter regulations of Fannie and Freddie? Maybe it was because they saw Fannie and Freddie as their pet projects, and were receiving major contributions from the two companies. Guess who the top 3 recipients are. Chris Dodd, our good ole pal Barack Obama, and John Kerry.

Yes, Reps are known for derugulation, but when it comes the Fannie and Freddie, they were all for it, and Dems were against it.
peaceful_anger

It's pointless. Their just going to deny the facts and say that we are die-hard Republican Party supporters for posting things like the information above.

Sorry if it's wrong to give blame where blame is due.

[QUOTE="trix5817"][QUOTE="sSubZerOo"][QUOTE="LJS9502_basic"][QUOTE="trix5817"]

I don't think you understand. This isn't the first time they've tried to do this. The Democrats in this Committee were strongly against the oversight of OFHEO. Did you even read the NY Times article? There are many more with much, much more information. I just chose that one because it was from a liberal newspaper predicting this will happen....in 1999.

sSubZerOo

LJ thats simple, thats because Trix is apart of the forum republican cult.. Take your pick of numerous people such as Trix, Lobster, trashface etc etc.. You will never see them A) Say a single positive thing about democratic party or B) say a single negative thing about the republican party.. They are loony and can't be taken seriously not even in rational arguments like this that it is clear that every one is to blame.. They can't even admit that.

12)It's sad that you can't accept facts. Really, it is. How you think that Democrats and government intervention/regulation didn't have a huge role in this crisis is laughable. How you think that you're any different from me when you won't even admit something like this is laughable. You're no different.

Not at all, I never said the democrats weren't responsible.. Every post about this I have said it was both parties in general.. Both had their failings, not to mention the odvious wall street businesses.. Every economist has said this, yet some how you directly always focus on the democrat responsiblity yet ignoring anything the republican party was at stake.. If you are what you claim you sure arn't showing it, nor does it seem like you being very objective what so ever.

How am I not showing that I'm a Conservative Libertarian? I've criticized the Republican Party numerous times. I asscociate myself with them because they generally believe in smaller, limited government.

I agree with Democrats on issues like gay marriage and abortion.

You admit that government intervention did have a huge role in this? Outstanding.

I'm talking about the housing and mortage crisis. Democrats in this case, are for the most part to blame. I'm not playing blaming them just because of their political party. They actually are to blame here.

Can you please explain why Republicans are to blame? Or how the "free market" (if you can even call it that anymore) is to blame? Because you've stated no facts to back up you're claims. None.

trix5817

As for the bankers....you are aware that many that were not under the restrictions of the CRA were posting at subprime rates for the business....aren't you? Greed....as I stated on their part.

All are to blame. And only one that is biased wouldn't see it that way.

[QUOTE="GamerForca"][QUOTE="tharg617"][QUOTE="mfacek"]

Take a look at this-

http://www.lafn.org/politics/gvdc/Natl_Debt_Chart_2006.gif

sSubZerOo

It's pretty obvious Bush has had more debt than Clinton. This Country being at War, Terroist Attacks, Hurricanes, have all been part of it. And in case you forgot, Bill Clinton and Hilary Clinton supported the Presidents decision in going to War in Iraq. So had they been president, I'm sure their graph would look very similar. But I guess you just like to leave out those reasons of why that Chart would look the way it does.

1 big difference: they wouldn't have had Dick Cheney leading them around by their noses.

You can't suggest that the Clintons would support the war as president if they were in Bush's position.. Bush recieved CONTRIDICTORY intel, the senate was given supposedly solid intel with none such contridictions.. Now this isn't to say they would support or reject the war, just saying its not a simple comparison.

I didn't..

[QUOTE="sSubZerOo"]

How am I not showing that I'm a Conservative Libertarian? I've criticized the Republican Party numerous times. I asscociate myself with them because they generally believe in smaller, limited government.

I agree with Democrats on issues like gay marriage and abortion.

You admit that government intervention did have a huge role in this? Outstanding.

trix5817

government intervention doesn't cause crisis.. POOR government intervention causes crisis..

Government intervention is not negative and it could have saved the US for instance from going into a great depression.

And I don't care what your other points of views are we are talking about the economy..

[QUOTE="trix5817"]

I'm talking about the housing and mortage crisis. Democrats in this case, are for the most part to blame. I'm not playing blaming them just because of their political party. They actually are to blame here.

Can you please explain why Republicans are to blame? Or how the "free market" (if you can even call it that anymore) is to blame? Because you've stated no facts to back up you're claims. None.

LJS9502_basic

As for the bankers....you are aware that many that were not under the restrictions of the CRA were posting at subprime rates for the business....aren't you? Greed....as I stated on their part.

All are to blame. And only one that is biased wouldn't see it that way.

You do realize that Fannie Mae and Freddie Mac are the largest distributors of mortages, right? Fannie Mae bought and sold sub-prime mortages to other companies. 50% of the loans were sub-prime loans as stated by the Department of Housing and Urban Development in 1999. These smaller companies would of never been able to sell loans like these if it weren't for a GSE like Fannie Mae or Freddie Mac. So I guess you could say it was greed, but these companies would of failed and would of never of given out these sub-prime mortages if it weren't for Fannie Mae.

Did you even read the article from the NY Times in 1999 I posted earlier?

Can you at least admit that if it weren't for the Dems getting in the way, this most likely would of never of happened? There shouldn't even be GSE's in the first place.

My main point is that you cannot point the finger at the free market here. It's not the problem, government is.

[QUOTE="ferrari2001"]Barrack Obama does know that democrats are to blame for our current finacial crisis, more specifically Carter, and Clinton.WPack911

Oh yeah Clinton is to blame for the current situation even though he balanced the budget while he was in office and in the 8 years that have followed Bush and his republican lead administration have put us so far in debt that we are on the brink of a depression and are in a recession already, but it is somehow Clinton's fault right? Only in the mind on someone that can't look at his own party for what they really are because it hurts to much.

And the start of this was back with Reagan if I remember right. :?

You do realize that Fannie Mae and Freddie Mac are the largest distributors of mortages, right? Fannie Mae bought and sold sub-prime mortages to other companies. 50% of the loans were sub-prime loans as stated by the Department of Housing and Urban Development in 1999. These smaller companies would of never been able to sell loans like these if it weren't for a GSE like Fannie Mae or Freddie Mac. So I guess you could say it was greed, but these companies would of failed and would of never of given out these sub-prime mortages if it weren't for Fannie Mae.

Did you even read the article from the NY Times in 1999 I posted earlier?

Can you at least admit that if it weren't for the Dems getting in the way, this most likely would of never of happened? There shouldn't even be GSE's in the first place.

My main point is that you cannot point the finger at the free market here. It's not the problem, government is.

trix5817