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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: Ann Corrigan who wrote (77910)1/22/2010 5:37:40 AM
From: tonto6 Recommendations  Read Replies (3) of 224878
 
Ann, the problem with threads are that so many people deal with fantasies instead of the truth. Kenneth wants people to believe as he does, and we refuse because he never deals with facts.

Two days ago there supposedly was a secret deal that he was aware of that "forced" AIG to issue swaps. That never happened.

Now he is wrong about regulations...

As the former President stated: President Clinton put it best today to Chris Cuomo of ABC News:

"I think the responsibility the Democrats have may rest more in resisting any efforts by Republicans in the Congress or by me when I was President to put some standards and tighten up a little on Fannie Mae and Freddie Mac."

Frank and others like him might have had good intentions in pushing Fannie Mae and Freddie Mac to make home loans for low-income, high-risk customers. But from the 1990s to 2007, the Democrats simply closed their eyes to the mounting threat that these reckless, highly secretive operations posed to our entire financial system.
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