GOPwinger Lies/Distortions/Omissions/Perversions of Truth Message Board

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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth

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To: Brumar89 who wrote (150332)	1/10/2009 11:28:55 PM
From: American Spirit	1 Recommendation Read Replies (2) of 173976

Bush was the one who forced Freddie and Fannie to start loaning to unqualified borrowers. He did it in 2002 after 9-11 and there is speech on video to prove it. In this video taped speech, Bush declares that he has instructed F + F to begin loaning to sub-prime borrowers, because, in his words, nobody, no matter how poor should have to live in a sub-par home. I paraphrase, but that is a direct quote from GW Bush in 2002 when the GOP controlled our entire government. And Phil Gramm's deregulation of the banking business in the middle of the night let loose the hogs to the troughs, just like the S_L debacle under Reagann. Anyone who disputes this is a liar, but the rightwing media is careful to spread this new lie that somehow CLinton is responsible, or even Carter. Absolute, nonsense. We never had any of these problems uhder Carter or Clinton. They both believe in common sense regulation. Wanting the middleclass to get loans is very different that ordering Fannie and Freddie to loan to un-qwualified borrowers and deregulating the banks, as Bush and Gramm did.

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