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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: RMF who wrote (55201)11/12/2008 10:54:53 AM
From: Ann Corrigan2 Recommendations  Read Replies (1) of 224648
 
Congressional Dems pressured for weaker mortgage lending laws, which forced banks to make high risk loans - that was the genesis of the mortgage collapse. Fannie/Freddie's mismanagement by many Democrats, including Obama's chief of staff Emanuel and Dem Franklin Raines, accelerated the downward spiral. Financial institutions attempted to protect themselves from the bullying tactics of leftist groups like ACORN and the looming specter of sub-prime defaults. Ultimately the chronic fiscal irresponsibility of Democrats in WashDC caused the crisis -- the same scoundrels are now in charge of finding a solution.
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