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Politics : Politics for Pros- moderated
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To: Saulamanca who wrote (271648)10/1/2008 2:26:03 PM
From: Geoff Altman  Read Replies (1) of 794015
 
According to an article by Kathleen Day in the Oct. 8, 2003, Washington Post, Frank opposed giving the Bush administration the right to approve or disapprove business activities that “could pose risk to the taxpayers.” He told the Post he worried the Treasury Department “would sacrifice activities that are good for consumers in the name of lowering the companies’ market risks.”

In a July 23 op-ed, Wall Street Journal Editorial Page Editor Paul Gigot put the blame for the GSEs’ collapse firmly on the members of the liberal establishment who took money from Freddie and Fannie. “Fan and Fred also couldn't prosper for as long as they have without the support of the political left... This includes Mr. Frank and Sen. Chuck Schumer (D., N.Y.) on Capitol Hill, as well as Mr. [Paul] Krugman and the Washington Post's Steven Pearlstein in the press.”

Think that any of these terminally myopic fools will pay a price for this? This whole fiasco was caused by the typical general lack of vision, (completely ignoring unintended consequences), and cronyism that's epidemic to the democrat party. They always seem to hurt the very people they say they're trying to help with their foolish policies.

Anyone think it's easier for a lower income type to buy a house now days? You think they'll blame the democrats for it? Some are waking up to the willful incompetence of the dishonorable B. Franks....but I want the entire democrat party to pay for this through their seats.......
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