What Caused The Mortgage Mess
Democrats starting in the Carter era and made worse under Clinton, Republicans tried to reign it in and were blocked by Democrats. Watch this video that is going viral.
Facts don't lie, Democrats do and we are supposed to trust them to fix it and run the country, HA.
This is another good one from hearings in '04 when the Fannie Freddie scam started to come apart, note is pushing for more oversight and who is saying nothing is wrong.
1 comment:
There is alot more to this than just Fanny Mae and Freddy Mac. Follow the trail starting with the Community Reinvestment Act of 1977 through the Clinton years, Financial Modernization Act, to the Bush admin. You will see a whole list of characters, from Jimmy Carter, Clinton, Phil Gramm, and George Bush. It is quite interesting the way it developed. Funny no one is actually covering the historical path this crisis has taken. Also, according to some stuff I read from the Heritage Instiute the Sub Prime bust has happened before in the seventies, though not on this scale. The Feds knew this could happen.
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