Did you know Jimmy Carter and his democrat controlled congress (the 70's) are hugely to blame for our troubles today? Certainly the current president has only been compounding the troubles.Under Jimmy Carter we got the Community Reinvestment Act which forced banks to lower standards so unqualified applicants could get mortgages.Clinton forced them to lower standards even further.Janet Reno threatened legal action if banks failed to give loans to people who could not afford them.Franklin Raines was appointed by Clinto to take over Fannie Mae and Raines bought up a large portion of those bad loans,then falsified Fannie Mae financial reports so that he could recieve 90,000,000.00 in bonuses over 5 yrs.Chris Dodd surpressed efforts by republlicans to reign in the corruption at Fannie Mae and Freddie Mac.Answer Question
Asked by Anonymous at 12:11 PM on Jul. 12, 2010 in Politics & Current Events
Answer by delilahsmom1177 at 12:13 PM on Jul. 12, 2010
Answer by LoriKeet at 12:18 PM on Jul. 12, 2010
Answer by delilahsmom1177 at 12:22 PM on Jul. 12, 2010
Answer by Bezu at 12:24 PM on Jul. 12, 2010
Yes, I know that republicans like to blame all the evils on dems...sure did know that
Did you know that the last 30 years, 20 of them were led by a republican prez?
Answer by sweet-a-kins at 12:24 PM on Jul. 12, 2010
Did I know that this post was just posted to show hatred? YES!
Whats the source? Is this a C & P job??? LOL...
Answer by sweet-a-kins at 12:25 PM on Jul. 12, 2010
Answer by lovinangels at 12:28 PM on Jul. 12, 2010
Sweet, I love how we are stating the obvious and voted down! Ahhhh the immaturity's of some people amuse me so!
Answer by delilahsmom1177 at 12:29 PM on Jul. 12, 2010
Answer by delilahsmom1177 at 12:31 PM on Jul. 12, 2010
Once again, Sweets...I am NOT the OP!! You should know by now that I'm not afraid to say what I want on CafeMom...why would I start NOW?!?!
Answer by LoriKeet at 12:32 PM on Jul. 12, 2010