All I can say is wow...

[SicemDawgz]

http://www.realclearpolitics.com/vid...authority.html

[JuBru]

I can't think a statement ever made that was so illogical.

[TYLERTECHSAS]

Yip, Thank you Barney frank and Chris Dodd.

Cost of seizing Fannie Mae and Freddie Mac surging for taxpayers
NYT: For all the focus on the historic federal rescue of the banking industry, it is the government's decision to seize the mortgage finance giants that is likely to cost the most.

For all the focus on the historic federal rescue of the banking industry, it is the government's decision to seize Fannie Mae and Freddie Mac in September 2008 that is likely to cost taxpayers the most money. So far the tab stands at $145.9 billion, and it grows with every foreclosure of a three-bedroom home with a two-car garage one hour from Phoenix. The Congressional Budget Office predicts that the final bill could reach $389 billion. Full story
http://www.msnbc.msn.com/id/37805712...ew_york_times/

[dawg80]

Yip, Thank you Barney frank and Chris Dodd.

Cost of seizing Fannie Mae and Freddie Mac surging for taxpayers
NYT: For all the focus on the historic federal rescue of the banking industry, it is the government's decision to seize the mortgage finance giants that is likely to cost the most.

For all the focus on the historic federal rescue of the banking industry, it is the government's decision to seize Fannie Mae and Freddie Mac in September 2008 that is likely to cost taxpayers the most money. So far the tab stands at $145.9 billion, and it grows with every foreclosure of a three-bedroom home with a two-car garage one hour from Phoenix. The Congressional Budget Office predicts that the final bill could reach $389 billion. Full story
http://www.msnbc.msn.com/id/37805712...ew_york_times/

And Frank, Dodd, along with Waters, Schumer in 2002, and then repeated with then senator obama in 2004 (05?), mandated, threatened, and then accommodated the mortgage industry by allowing Fred/Fran to back up all those risky mortgages being made to people who had no business getting one.

Yes, GWB, in 2002, chimed in with his infamous speech where he supported what the dems in congress wanted to do, you know, "everyone should be able to access the American Dream of home ownership." Of course, as was his wont, Bush did nothing after that to enable all this mess to happen....but he did nothing to stop it either.

Bottom line, and this is historic fact, the financial meltdown can be blamed squarely on Frank, Dodd et al

[glm47]

And Frank, Dodd, along with Waters, Schumer in 2002, and then repeated with then senator obama in 2004 (05?), mandated, threatened, and then accommodated the mortgage industry by allowing Fred/Fran to back up all those risky mortgages being made to people who had no business getting one.

Yes, GWB, in 2002, chimed in with his infamous speech where he supported what the dems in congress wanted to do, you know, "everyone should be able to access the American Dream of home ownership." Of course, as was his wont, Bush did nothing after that to enable all this mess to happen....but he did nothing to stop it either.

Bottom line, and this is historic fact, the financial meltdown can be blamed squarely on Frank, Dodd et al

Bush did attempt to reign in Frannie in 2005 but his attempts failed.