Buddy, if you really are a fiscal conservative as you say....then WHY did you think it was OK for Carter to sign the CRA in 1977, and set the wheels in motion for the financial disaster we have now? Add to that all the Carter and Clinton mashinations about "letting all the poor and minorities have houses even if they can't pay for them, don't have income tax statements from the previous few years, no visible signs of employment, etc" that went into law....AND THEN on top of that, mandated by the Government that banks and other lending institutions HAD to loan a certain percentage of the money they loaned (10-15% or so) to the people mentioned above...??? WHY did that happen and no one said anything about it?
And perhaps worst of all, the Senate and House, who are representatives of the people, IGNORED since at least 2003, President Bush when he told them that Fannie Mae and Freddie Mac were not stable, and needed to be looked into? WHY did the heads of the Finance committees in both the House and Senate say everything was just fine....
"no problems here.....pat, pat on the head....go away, just us chickens here...no problems...."
If you don't believe that GWB actually told them to pay attention and investigate both of these entities, then listen to him talk about it on YouTube.....It's there for any who want to see.... |
