BigBendFishing.Net

Tennessee wrote:

Dubble Trubble wrote:Yes, and except for a couple of Liberals opinions from San Fransisco no less, it confirms what I have been saying.

Dubble

80% of those loans did not even fall under this, doesn't confirm nothing. Are you saying the Federal Reserve is Liberal. 50% were private mortgage companies that did not fall under CPA. No this is just the conservatives trying to shift the blame to the poor.

Certain individuals at the Federal Reserve are very liberal. The statements you quote are not the official position of the Federal Reserve, which has no such official position. Most economists and myself included, believe that the mortgage lending practices of Freddie Mac and Fannie Mae are a large part of the cause of our current mess. Barney Frank specifically blocked the Bush administrations request for better regulation of those two entities. Another major cause was crooked mortgage brokers who cooked mortgage applications and help crooked lenders dupe mortgage companies into lending. Again, with the regulations Bush wanted passed, this would have ended too. Maybe too late, maybe not.

RESPONSIBILITY -( ree-spon-si-bil-i-tee)
1: Continuing to hold the bat in your hand after the ball has gone through the window.
2: A characteristic liberals lack.

Wow. So you'd think that the "other side" would have figured out how to educate all these dumb asses by now.