The bush adminstration in 4/2001 raised red flags, the 2002 budget requests declares Fannie Mae and Freddie Mac
"Potential problem.. and can cause strong repercussions in the financial markets"
I...
The bush adminstration in 4/2001 raised red flags, the 2002 budget requests declares Fannie Mae and Freddie Mac "Potential problem.. and can cause strong repercussions in the financial markets"
In 2003 the White House upgraded the warning to a systemic risk that could spread beyond the housing sector. John Snow Treasury Secretary called for Regulations & Supervision of GSE's. Barney Frank (D-MA) denied there was any problem " Fannie Mac & Freddie Mare are not in Crisis" Encouraging the government to do more to get low income families into homes, Ultimately blocking the regulation.
Allan Greenspan , 2/17/2005 spoke about the dangers of Fannie Mae & Freddie Mac "enabling these institutions to increase in size -and they will once the crisis in their judgement passes-we are placing the total financial system of the future at a substantial risk
Charles Schumer (D-NY) 4/6/2005 ..."I think Fannie & Freddie have done an incredibly good job, and are an intristic part of making america the best housed people in the world....if you look over the last 20 or whatever yrs. Theyve done a very, very good job.
McCain (R-AZ) 5/25/2006 For years I have been concerned about the regulatory structure that governs Fannie Mae & Freddie Mac... and there sheer magnitude of these companies and the role they play in the housing market...the GSE's need to be reformed without delay." That bill ( FEDERAL HOUSING ENTERPRISE REGULATORY REFORM ACT) made it out of the senate banking committee with a party line vote all the democrats voted against it. Senator Obama did not weigh in on the bill
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Guess you don't understand that Barney is the one over Freddie and Fannie and was blowing Franklin Raines, his b/f, who just happened to be over Fannie Mae. History, the Dems were in control of both the house and senate for the 40 years prior to 1994.
Ohh! Now I get it! Reagan fixed everything then H.W. Bush came along & completed it. Then the evil Clinton smoking his pussy soaked cigars brought us down & passed laws to wreck the economy & let the terrorist run wild. Then W. Bush arose to fumagate the White House. He passed bills to put us on a moral track, but the evil B. Franks sprinkled fairy dust on the Republican Congress & caused a housing crash. Now the Dark man from the East is here to finish pure America off! Those EVIL DEMS!!
Cavetrollhead Are you aware in 2003 Fox went to court for the right to "LIE". If their stories were found to be false, they needed assurance of no prosecutions.
I'm with you little brother! We need ALL Republicans! Erase every liberal foot print from America! Burn the USDA, FDA, & CAFE standards! Free Market rules! If China sells posioned food, or a Butcher sells rotted meat, shop elsewhere! Burn those liberal laws. If a drug causes known psychotic episodes, you are free not to buy it, down with liability laws! End Social security, there are plenty of poor people & cannibalism is my right! Force gays into the closet, make them marry your sister!
O-M-G!, O-M-G! You are saying B/F is GAY! That must be stamped out! We need Godly Conservative men to root this out! A comission of Ted Haggard, Larry Craig, Tom Foley & the Repb who tried to blow the black state trooper in Florida rest room should be empowered to sniff the pricks in Govt. If they smell booty! Fire them! O-M-G Obama bowed! is on your homepage! that ranks up there with Lipstick on a Pig as a republican concern in the news, in a day of Deficits & Health Care debates.
Who was in charge of The Supreme Court The Executive Branch The House The Senate In 2003 who controlled the house?
Like you said, the DEMs ran congress for 40 years, No run on the banks, Mild short recession cycles, strong middle class.
Repubs get in, we get a bubble economy, stagnant wages for 10 years, CEO pay jumps from 30X average worker to 400x Average worker, HC costs rise 360%, & another Depression, like your last time!
NCMan I think I get it. You are mixing National DEBT with National DEFICIT.
Obama (deficit) will include the Stimulus package, AND the Approiations for the 2 Wars.
Bush DIDNOT include the war costs in his budgets. Remember Bush fired Larry Lindsey for saying the Iraq war may cost as much as 50 $Billion. I think we are on course for 3 $Trillion.
No you dont. The The National Debt is currently $12 Trillion dollars. Obama's Budget deficit (no such things as national deficit) is $1.4 Trillion. Like I stated before, Obama and the Dems in congress just raised the debt ceiling to $13 trillion. The Congressional Budge Office and the GOA have reported Bush's budget deficits for 8 years was $489 billion. Its easy to understand, you're just attempting to protect Obama and make it seem like Bush made him spend $1.4 trillion and counting.
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Reagan fixed everything then H.W. Bush came along & completed it.
Then the evil Clinton smoking his pussy soaked cigars brought us down & passed laws to wreck the economy & let the terrorist run wild.
Then W. Bush arose to fumagate the White House. He passed bills to put us on a moral track, but the evil B. Franks sprinkled fairy dust on the Republican Congress & caused a housing crash.
Now the Dark man from the East is here to finish pure America off!
Those EVIL DEMS!!
Are you aware in 2003 Fox went to court for the right to "LIE".
If their stories were found to be false, they needed assurance of no prosecutions.
WHY?
No other news agency has ever done that.
We need ALL Republicans!
Erase every liberal foot print from America!
Burn the USDA, FDA, & CAFE standards!
Free Market rules!
If China sells posioned food, or a Butcher sells rotted meat, shop elsewhere! Burn those liberal laws. If a drug causes known psychotic episodes, you are free not to buy it, down with liability laws!
End Social security, there are plenty of poor people & cannibalism is my right!
Force gays into the closet, make them marry your sister!
That must be stamped out!
We need Godly Conservative men to root this out! A comission of Ted Haggard, Larry Craig, Tom Foley & the Repb who tried to blow the black state trooper in Florida rest room should be empowered to sniff the pricks in Govt.
If they smell booty!
Fire them!
O-M-G Obama bowed! is on your homepage! that ranks up there with Lipstick on a Pig as a republican concern in the news, in a day of Deficits & Health Care debates.
and your an idiot and im to lazy to explain why
Who was in charge of
The Supreme Court
The Executive Branch
The House
The Senate
In 2003 who controlled the house?
Like you said, the DEMs ran congress for 40 years, No run on the banks, Mild short recession cycles, strong middle class.
Repubs get in, we get a bubble economy, stagnant wages for 10 years, CEO pay jumps from 30X average worker to 400x Average worker, HC costs rise 360%, & another Depression, like your last time!
GO AWAY!
You are mixing National DEBT
with
National DEFICIT.
Obama (deficit) will include the Stimulus package, AND the Approiations for the 2 Wars.
Bush DIDNOT include the war costs in his budgets.
Remember Bush fired Larry Lindsey for saying the Iraq war may cost as much as 50 $Billion. I think we are on course for 3 $Trillion.