Fannie & Freddie
Capitalism Works Fine, when socialist are not messing with it. Watch for yourself who caused this mess, watch as the democrats resist and block all attempts to regulate Fannie Mae and Freddie Mac.
Started with Jimmy Carter, continued with Bill Clinton
Now the people who broke the system by messing with it now want to fix it by continuing and expanding the policies that caused it.
Barney Frank pushes to continue the practuce of giving loans to people who don’t qualify.
Maxine is very proud of the 100% mortgages to low income borrowers backed by tax payers.
The leaders of Fannie and Freddie in bed with democrats.
The Historical fact of the root of the problem is hidded. People do not listen to what really happen. It Fails during Bush Administration. SO Democrats can claim Republicans caused the problem. No mention that it was decades in taking place. ANd both organizations are run by Democrats from the Clinton Years and they made millions in bonuses.
http://www.villagevoice.com/2008-08-05/news/how-andrew-cuomo-gave-birth-to-the-crisis-at-fannie-mae-and-freddie-mac/