Banks were forced by the government to make risky loans from the Clinton admin and HUD program. People didn't earn the right to own a home, just simply existing was the only requirement. Now the banks are left with all of these toxic assets and are made to look evil by the government.
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Isn't the current financial problem proof Socialism doesn't work?
- Thread starter Insite
- Start date
S
Steve
Guest
Fewer than 14% of sub-prime loans were issued by Fannie/Freddy. Thus, I'm afraid your argument is inaccurate.
Katana172 version3
New member
Sorry but you will never convince any of them on here of that, facts are irrelivent, such as teh ties between many in Obama's administration and Fannie May and Freddie Mac.
All you will here is "It's Bushes fault" or "It's the Republicans fault".
Well guess what...both parties are to blame. It's like a god d*** clown college in Washington, on both sides. Neither wants whats best for the country, they want their own agenda, as seen by all the new Social Programs being pushed through.
Both sides are retarded.
All you will here is "It's Bushes fault" or "It's the Republicans fault".
Well guess what...both parties are to blame. It's like a god d*** clown college in Washington, on both sides. Neither wants whats best for the country, they want their own agenda, as seen by all the new Social Programs being pushed through.
Both sides are retarded.
celeste1070
New member
you got it! I agree.