Location: Pantego, Texas, United States

Sunday, January 03, 2010

The recent financial meltdown is hard for most people to understand., but Democrats managed to blame it on Bush, who was partly responsible, though it was primarily the fault of Democrats. Barney Frank and his former boyfriend at Fannie Mae were the primary culprits, though Chris Dodd bears some responsibility. Frank must have been aware that Fannie Mae and Freddy Mac were claiming that the subprime loans they were making were actually prime loans. This should be investigated, and people should be prosecuted for this deception. Bush and the Republicans attempted to reign in Fannie Mae and Freddy mac with more regulations in 2005. I have seen Youtube video's of Frank and members of the Congressional Black Caucus berating government officials for daring to put more regulation on the GSE's. As usual, the Democrats were able to mislead people as to who the real culprits were. Here is a discussion of what happened by Peter Wallison.


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