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Politics : The Obama - Clinton Disaster
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To: Wayners who wrote (10442)4/3/2009 5:56:33 PM
From: GROUND ZERO™1 Recommendation  Read Replies (1) of 103300
 
The problem was the sub prime problem of lending mortgage money to unqualified people who should never have received a loan in the first place... this was forcefully encouraged by the likes of barney fwank, dodd, obama, and clinton who took gifts from fannie and freddie, dodd is now being investigated for this... all four of them should be in prison... barney fwank was the head of the banking oversight group, he denied there was ever any problem.. these liberals wanted everyone to have a home even if they couldn't afford one so they can be a part of the "American dream of owning a home"... never mind that they didn't have the money and didn't qualify for a real loan... a nice idea, but you can't legislate individual responsibility... so now, these are the same clowns who now claim to be the heroes... the Fed made a lower rate environment possible by continuing to lower rates over the past few years when they should have tightened instead... they kept lowering rates in order to stem off a possible down turn in the economy... but, little do these morons know that a down turn would be healthy and would have avoided the credit crunch and the housing bubble, and all the other bubbles that came about as a result... this is yet another example of how the federal government only makes things worse by sticking their nose where it doesn't belong, e.g., the free market system...

GZ
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