<Fannie Mae and Freddie Mac ended up buying the crap loans that had been created. In that way, they were enablers<
Exactly.. If we had oversight and regulation over the "enablers", then there would have been no market to sell the "crap loans too". The Securities market would not have exploded.
Do you regulate on the Supply Side or the Demand Side?
Bush and his advisers attempted to blow the warning siren. Congress (D's) weren't interested and instead were planning their Congressional Recess adventures.
Congress (D's) maintained there was "no risk, and no problem".
Sorry, you can't blame it on the President, when Congress won't act.
Funny, lot's of people around here say the same thing when it comes to Obama and the House.
The House (R's) are obstructionist, and Obama can't get anything done. So it's the (R's) Congress fault.
But, when the tables are turned 180 degrees, Suddenly, It's the Republicans President's fault, because the (D's) in Congress won't cooperate.
It is complete Hypocrisy and only exposes that you have sold your credibility, integrity and you soul to your Political Ideology.
And so it goes,
PCSTEL |
