dapoes
Veteran
- Joined
- May 17, 2008
- Messages
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If you look further you will see that prime loans given to good creditors were just as faulty. You want to blame it all on one thing but the reality of this is that greedy people in the banks and wall street caused the housing mess. Dig a little further, don't just listen to the GOP, CEO's and the kool-aid drink they are handing you. Bush let this all happen while on his watch because he didn't care about whether or whether not Corporate America screwed people to make money. The rich had free realm to do what they wanted with no Government oversight.
Bush tried to reign in but people like Barney Frank put the brakes on it. Your so wrong it isn't even funny.
Btw a majority of those loans were underwritten via guidelines instituted by Fannie/Freddie as they were ultimately purchased by them. Especially the prime loans that were issued. So gov run mortgage Fannie and Freddie loosened guidelines to help home ownership, but when alarm bells were sounded early in the 2000's the dems defeated every attempt to overhaul.