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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: Brumar89 who wrote (150813)1/2/2009 1:24:24 PM
From: geode00  Read Replies (1) of 173976
 
No, lending TOO MUCH MONEY to the borrower or lending ANY MONEY to some borrowers is the problem. That is how microloans work out so well with a very small default rate and how prime mortgages are going belly up. It is also why, before the bailout, suppliers were demanding COD from GM.

You don't understand risk or lending.

From YOUR SOURCE:

"Fannie Mae was giving 53 percent of its total $1.3 million in contributions to Republicans, who controlled Congress at that time. This cycle, with Democrats in control, they've reversed course, giving the party 56 percent of their total $1.1 million in contributions. Similarly, Freddie Mac has given 53 percent of its $555,700 in contributions to Democrats this cycle, compared to the 44 percent it gave during 2006."

Are you actually paying any attention?
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