Clinton, Republicans agree to deregulation of US financial system

[patientlywaiting]

[quote=precix]…not to mention that the power brokers inside the GSEs Fannie & Freddie were either friends of the Clinton’s or democratic party operatives[/quote]

True but the GSEs got in trouble only after the banks started to eat away at their market share. So the GSEs took undue risk to keep shareholders’ return high.

Bush should have required the GSE to shrink, not allowed them to expand.

[cr]

It wasn’t Bush, it was the OFHEO.

http://www.washingtonpost.com/wp-dyn/content/article/2008/03/19/AR2008031900776_pf.html

Bush is a scapegoat for Obamanation.

The fact is everyone was making money hand over fist so long as RE prices rose. No one stopped to think about the ramifications if prices eveen stopped going up, much less declined. And if they did, they were probably bought out.

Conspiracy or not it was short-sighted, irresponsible, and reckless.

The governments response is more of the same, and today’s rally only makes the true correction needed worse.

[cr]

It wasn’t Bush, it was the OFHEO.

http://www.washingtonpost.com/wp-dyn/content/article/2008/03/19/AR2008031900776_pf.html

Bush is a scapegoat for Obamanation.

The fact is everyone was making money hand over fist so long as RE prices rose. No one stopped to think about the ramifications if prices eveen stopped going up, much less declined. And if they did, they were probably bought out.

Conspiracy or not it was short-sighted, irresponsible, and reckless.

The governments response is more of the same, and today’s rally only makes the true correction needed worse.

[cr]

It wasn’t Bush, it was the OFHEO.

http://www.washingtonpost.com/wp-dyn/content/article/2008/03/19/AR2008031900776_pf.html

Bush is a scapegoat for Obamanation.

The fact is everyone was making money hand over fist so long as RE prices rose. No one stopped to think about the ramifications if prices eveen stopped going up, much less declined. And if they did, they were probably bought out.

Conspiracy or not it was short-sighted, irresponsible, and reckless.

The governments response is more of the same, and today’s rally only makes the true correction needed worse.

[cr]

It wasn’t Bush, it was the OFHEO.

http://www.washingtonpost.com/wp-dyn/content/article/2008/03/19/AR2008031900776_pf.html

Bush is a scapegoat for Obamanation.

The fact is everyone was making money hand over fist so long as RE prices rose. No one stopped to think about the ramifications if prices eveen stopped going up, much less declined. And if they did, they were probably bought out.

Conspiracy or not it was short-sighted, irresponsible, and reckless.

The governments response is more of the same, and today’s rally only makes the true correction needed worse.

[cr]

It wasn’t Bush, it was the OFHEO.

http://www.washingtonpost.com/wp-dyn/content/article/2008/03/19/AR2008031900776_pf.html

Bush is a scapegoat for Obamanation.

The fact is everyone was making money hand over fist so long as RE prices rose. No one stopped to think about the ramifications if prices eveen stopped going up, much less declined. And if they did, they were probably bought out.

Conspiracy or not it was short-sighted, irresponsible, and reckless.

The governments response is more of the same, and today’s rally only makes the true correction needed worse.

[patientlywaiting]

James B. Lockhart III, was nominated by Bush. Isn’t the OFHEO part of the Bush Administration?

What is Bush responsible for if not for his administration?

[patientlywaiting]

James B. Lockhart III, was nominated by Bush. Isn’t the OFHEO part of the Bush Administration?

What is Bush responsible for if not for his administration?

[patientlywaiting]

James B. Lockhart III, was nominated by Bush. Isn’t the OFHEO part of the Bush Administration?

What is Bush responsible for if not for his administration?

[patientlywaiting]

James B. Lockhart III, was nominated by Bush. Isn’t the OFHEO part of the Bush Administration?

What is Bush responsible for if not for his administration?

[patientlywaiting]

James B. Lockhart III, was nominated by Bush. Isn’t the OFHEO part of the Bush Administration?

What is Bush responsible for if not for his administration?

[Veritas]

Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.
John Adams, ‘Argument in Defense of the Soldiers in the Boston Massacre Trials,’ December 1770
US diplomat & politician (1735 – 1826)

[Veritas]

Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.
John Adams, ‘Argument in Defense of the Soldiers in the Boston Massacre Trials,’ December 1770
US diplomat & politician (1735 – 1826)

[Veritas]

Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.
John Adams, ‘Argument in Defense of the Soldiers in the Boston Massacre Trials,’ December 1770
US diplomat & politician (1735 – 1826)

[Veritas]

Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.
John Adams, ‘Argument in Defense of the Soldiers in the Boston Massacre Trials,’ December 1770
US diplomat & politician (1735 – 1826)

[Author]

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