Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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Jan 23 4:00 PM EST

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To: Qualified Opinion who wrote (41629)	12/11/2012 6:08:03 PM
From: Vendit™	1 Recommendation Read Replies (1) of 222406

Congressmen Dodd and fruit cake Barney Frank are directly to blame for the housing bubble and the economic downturn. They passed their bill (rule) that "required" all banks to lend money to unqualified borrowers to purchase homes that they could not afford. Prior to passage Frank was called by a group congressmen so they could voice their concerns of the negative impact the bill would have on the housing market and banks. His defense was that congress would just pass a banking rescue bill to fix it, thus the stimulus package resulting in the additional share float that you just described.

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