Fannie Mae Freddie Mac Fucking Disgrace
 

Lesson learned ... gross mismanagement can be very lucrative.

LOL a common scenario in corporate America these days...

Hail Team Bush!

The fucking Democrats protected these cocksuckers for 20 years. Look at who they donated to - 100% fucking demorats !

Bush tried to rein these fuckers in way back in 2001-2002 but the Rats protected them !

Clinton got Fannie and Freddie to give loans to "D" Credit minorities with nothing down and zero income. The FHA was a direct pipeline to these two companies and Clinton had the FHA change their rules way back in 1996 and Bush tried to change them back and the Democrats fought him hard on it and they won.

You have to wonder how Christopher Dodd the Chairman of the Senate Committee on Banking, Housing, and Urban Affairs didnt see this coming back in January when the red flags where going up. Either he is to dumb to act or simply is aloof as to how the banking structure works, im glad the minority members of the committee released there findings on the matter one week before Christopher Dodd even made a comment, it clearly show this guys a complete failure for the Democrats. How fucking dumb must you be to have the minority members of the committee your the Chairman of know more about the failure then you do even when you have all the information. Its another great example of Democrats hard at work :disgust

do you have links to show this? I know phil gramm got alot of the regulation lifted.

Love McSame declaration about this .... :1orglaugh:1orglaugh:1orglaugh

http://www.politico.com/news/stories/0308/9246.html
I found this doesnt say anything about poor people who couldnt pay their bills, reads more about phil gramm getting lots of money to get regulations lifted. man the right wing love blaming clinton for their messes.also when w came in they had control of it all and they couldnt change it?

Look up the "Community Reinvestment Act 1995" !

while you, US guys, are on the way to pay a big tax bill for this bailout.
Sometimes those problems should ended in "China style".
To reward people who brought Fannie and Freddie almost to BK and tax average Joe for this bill, its insane.

Weird how the Democrats didn't control Congress or the Presidency for 6 years yet they are at fault. Apparently those 6 years didn't exist and legislation couldn't take place? Not to mention that Republicans have had control of Congress since 1994, before the changes in the CRA. I was not aware that only one party had the ability to make changes.

They donated heavily to both parties. McCain has taken donations from Fannie and Freddie. His campaign manager was a lobbyist for the groups too. Obama and Democras have too, but just saying that you are making stuff up.

:2 cents:

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