Didn't the left learn that tying the hands of banks to a Civil-rights cause, would eventually crash the Mortgage industry? Making tax-payer's "fixed rate" mortgages irrelevant?
No, they used the melt-down bailout for risky, "should be renters"; & now they're defaulting again… read.
And Gateway has this:
House Will Grill Fannie & Freddie Execs Today on the Hill: read.
The Democrat Congress blames Bush because he couldn't’ stop Majority Democrat programs... This admits that 2 yrs. of Dem Control was irrelevant!
Now, instead of reigning it in, they fault "no regulations!” Haha!
How about strengthening Banks for global calm, instead of trying to keep the failed Democrat programs afloat with promises to buy over $600 billion in assets and debt from Fannie Mae...
And hey, Canadian Democrats tried to Coup their elected Government.... But Democrats wore away stability of our Markets; and when al-Qaeda hit Iraq and our troops, they created a "second America" against what should have been a two year involvement... All for Majority seats!
Bush Administration's 17 Unheeded Warnings About the Systemic Risk Posed by the GSEs View.
-While...Dem Majority Voted 100% to ignore these efforts!
Truth is, the US Constitution states that Congress must oversee the President's proposals, and are the only level of government that can authorize war efforts... And Congress is also the only Government entity that can authorize policy to stabilize our Markets.
Remember this, when it's time to vote! govtrack.us/congress.