02-29-2016, 11:10 AM
(02-24-2016, 10:59 PM)fredtoast Wrote: Yes, I am pretty sure they did.
In the 90's EVERYONE thought Fannie Mae was a good idea. When Bush took office and the Republicans took control of congress they still agreed that promoting home ownership through programs like Fannie Mae was a good idea. There may have been a few individuals ringing an alarm, but the main perty positions were in favor of Fannie Mae.
If the Republicans try to blame the economic collapse on something that was in place while they were in control for 8 years they are just making themselves look stupid.
And finally it is not correct to blame Fannie Mae when there were all sorts of other private lenders making risky unsecured loans.
No they lost the Senate and the House in 2006.
I'm not laying it all on Clinton, but without his actions and Rubin pushing him, the rest wouldn't have followed like it did. The big banks like Goldman Sachs would have never been involved.
“History teaches that grave threats to liberty often come in times of urgency, when constitutional rights seem too extravagant to endure.”-Thurgood Marshall
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