Ok, so when are we going to talk about the core of this mortgage melt down??
I watched a special on Fox News (I know, anyone voting Obama is thinking, their biased, so they don't count. Well, CNN was doing a special about young kids voting. Leave it to MTV!! I want to know why I am paying so much for everything, not how the kid down the street is voting) anyway, it was called Saving our Economy. Very interesting. I think we all agree that Fannie and Freddie are at the core of this. Before this whole financial crisis I was teetering on the fence, now I am so McCain it's driving my DH crazy! The Dems, especially Obama, really dropped the ball on this one. Obama has helped or been helped by Fannie and Freddie, ACORN, Ayers, and Raines. He is the essence of corrupt politicians. If you differ with me I would love to enlighten you a little.
Answer by Anonymous at 9:48 AM on Oct. 5, 2008
Answer by lilac84 at 10:17 AM on Oct. 5, 2008
I read this article the other day that was dated September 30, 1999 from the New York Times. Reading it has shed some light on the matter. Here's a quote from the article: Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits. Go to www.nytimes.com and in the search bar type in: Fannie Mae Eases Credit To Aid Mortgage Lending. Seems to me that we need to quit blaming the Bush Administration and dig deeper into the Clinton Adminstration.
Answer by OldrWizrMom at 10:21 AM on Oct. 5, 2008
Answer by Anonymous at 11:20 AM on Oct. 5, 2008
Answer by lilac84 at 11:38 AM on Oct. 5, 2008
Answer by Anonymous at 12:32 PM on Oct. 5, 2008
Answer by lifeasinoit at 1:08 PM on Oct. 5, 2008
Answer by Anonymous at 1:44 PM on Oct. 5, 2008
Answer by simone_ck at 5:12 PM on Oct. 5, 2008
Answer by cait030507 at 10:25 PM on Oct. 5, 2008