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What a fool....The reason everything took a shit was because of the sub-prime loans. Who were the ones that wouldn't put the restrictions back into Fannie and Freddie? The democrats. Sub-prime loans are what took our economy down. The republicans stoop on the house and senate floors and begged for reigning them in, but were all called heartless racists.

Fools like you like to pick and choose what history you like to read.
 

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Can a democrat do anything other than blame Bush or a republican?

“I don’t mind cleaning up the mess that some other folks made, that’s what I signed up to do”Barack Obama (D-IL), October 20, 2009“I think that the responsibility that the Democrats had 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.”Former President Bill Clinton (D-AR), September 25, 2008
Like a lot of my Democratic colleagues I was too slow to appreciate the recklessness of Fannie and Freddie. I defended their efforts to encourage affordable homeownership when in retrospect I should have heeded the concerns raised by their regulator in 2004. Frankly, I wish my Democratic colleagues would admit when it comes to Fannie and Freddie, we were wrong.”Congressman Artur Davis (D-AL) , September 30, 2008
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President Obama is using the financial crisis to make Americans doubt themselves, their values, and the very system they had believed enabled their specialness. In the vacuum of this doubt, he is moving his agenda to radically alter the fiber of what it means to be American. – TJ Hancock (American)


Heres a question for you




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Red Blooded American
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Just for you Mr. Valentine:

The day the Democrats took over was not January 22nd 2009, it was actually January 3rd 2007 the day the Democrats took over the House of Representatives and the Senate, at the very start of the 110th Congress. The Democrat Party controlled a majority in both chambers for the first time since the end of the 103rd Congress in 1995. For those who are listening to the liberals propagating the fallacy that everything is "Bush's Fault", think about this: January 3rd, 2007 was the day the Democrats took over the Senate and the House of Representatives. At the time: The DOW Jones closed at 12,621.77 The GDP for the previous quarter was 3.5% The Unemployment rate was 4.6% George Bush's Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB GROWTH Remember the day... January 3rd, 2007 was the day that Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee. The economic meltdown that happened 15 months later was in what part of the economy? BANKING AND FINANCIAL SERVICES! Unemployment... to this CRISIS by (among MANY other things) dumping 5-6 TRILLION Dollars of toxic loans on the economy from YOUR Fannie Mae and Freddie Mac FIASCOES! Bush asked Congress 17 TIMES to stop Fannie & Freddie - starting in 2001 because it was financially risky for the US economy. And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac? OBAMA And who fought against reform of Fannie and Freddie? OBAMA and the Democrat Congress did So when someone tries to blame Bush. REMEMBER JANUARY 3rd, 2007.... THE DAY THE DEMOCRATS TOOK OVER!" Budgets do not come from the White House. They come from Congress and the party that controlled Congress since January 2007 is the Democrat Party. Furthermore, the Democrats controlled the budget process for 2008 & 2009 as well as 2010 & 2011. In that first year, they had to contend with George Bush, which caused them to compromise on spending, when Bush somewhat belatedly got tough on spending increases. For 2009 though, Nancy Pelosi & Harry Reid bypassed George Bush entirely, passing continuing resolutions to keep government running until Barack Obama could take office. At that time, they passed a massive omnibus spending bill to complete the 2009 budgets. And where was Barack Obama during this time? He was a member of that very Congress that passed all of these massive spending bills, and he signed the omnibus bill as President to complete 2009. If the Democrats inherited any deficit, it was the 2007 deficit, the last of the Republican budgets. That deficit was the lowest in five years, and the fourth straight decline in deficit spending. After that, Democrats in Congress took control of spending, and that includes Barack Obama, who voted for the budgets. If Obama inherited anything, he inherited it from himself. In a nutshell, what Obama is saying is I inherited a deficit that I voted for and then I voted to expand that deficit four-fold since January 20th.
 

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Already miss the 310/562
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Here you go Mr. Cox, I will read YOUR article and you read mine, agreed???

Before you start reading the NYT article take a good hard look at the date of the article and think about who was in office at the time... AND pay close attention to the opening paragraphs (third in particular):

http://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html


''Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements,'' said Franklin D. Raines, Fannie Mae's chairman and chief executive officer. ''Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.''

Demographic information on these borrowers is sketchy. But at least one study indicates that 18 percent of the loans in the subprime market went to black borrowers, compared to 5 per cent of loans in the conventional loan market.

In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's
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Living in a cage of fear
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You guys do realize that chucky got himself banned?

BTW, he was NOT Holmez/ DaMoose. (Sorry about that mix up D)

He was an individual that got banned last week across town and fermented over here.
 

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You guys do realize that chucky got himself banned?

BTW, he was NOT Holmez/ DaMoose. (Sorry about that mix up D)

He was an individual that got banned last week across town and fermented over here.
At heart TG, they're all the same. It was rather "coincidental" that he showed up the same day that Moose supposedly ejected from here. :hmmm:
 

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Floatin dirty
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I was going to respond to this misinformed libby person but you guys got all the right info and details necessary....carry on :))THumbsUp
 

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You guys do realize that chucky got himself banned?

BTW, he was NOT Holmez/ DaMoose. (Sorry about that mix up D)

He was an individual that got banned last week across town and fermented over here.
Damn...81 posts and poof! Must mean we have a new moderator with a lower threshold for B.S.
 
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