financial crisis

Out of context: Reply #5

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  • johndiggity0

    actually democratically controlled congress has repeatedly shot down regulation of government sponsored enterprises, such as freddie and fannie in order to "make housing more affordable". well they succeeded with that i suppose.

    luckily bush signed into law a bill that mandates these gse's are regulated not as public housing institutions (as the democrats pushed for) but rather as what they really are: financial institutions.

    of course few here care to get the facts straight and find out why this is happening. it is much more in vogue to jump on the bandwagon...

    johndiggity 0Permalink
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    • Exactly. Our do-nothing Congress has been consistently giving us the shaft for quite some time now.dog_opus
    • Giving us the shaft on any number of issues, really.dog_opus
    • but it was three republican congressman that penned the gramm leach bliley financial services modernization act that enabled this whole mess to begin withacescence
    • ...enabled this whole mess to begin withacescence
    • of course you don't care to get your facts straight eitheracescence
    • but it was that tool clinton that signed it *shakes fistacescence
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