Re: “I don’t want the folks who created the mess to do a lot of talking”..

Lamont Cranston wrote:
> vict0r wrote:
>> “I don’t want the folks who created the mess to do a lot of talking.
>> I want them to get out of the way so we can clean up the mess,”
>>
>> — Barack Hussein Obama Aug 6, 2009
>>
>> http://www.reuters.com/article/GCA-BarackObama/idUSTRE57570720090807
>>
>> —
>>
>> Fannie Mae Eases Credit To Aid Mortgage Lending
>>
>> Published: Thursday, September 30, 1999
>
>
> Fannie Mae was a victim of the folks who created the mess.
>
> http://www.businessweek.com/investing/insights/blog/archives/2008/09/fannie_mae_and.html
>
>
> Fannie Mae and Freddie Mac were victims, not culprits
> Posted by: Aaron Pressman on September 26
>
> There’s a dangerous — and misleading — argument making the rounds about
> the causes of our current credit crisis. It’s emanating from Washington
> where politicians are engaging in the usual blame game but this time the
> stakes are so high that we can’t afford to fall victim to political
> doublespeak. In this fact-free zone, government sponsored mortgage
> giants Fannie Mae and Freddie Mac caused the real estate bubble and
> subprime meltdown. It’s completely false. Fannie Mae and Freddie Mac
> were victims of the credit crisis, not culprits.
>
> …
>
Only the Beginning of the failure….

The cause was who ever coerced Fanny into lowering their standards and
therefore making the loans that resulted in the mortgage crash.

The fingerprints that are all over this Coercion are Clinton and Barney
Frank and the Democrats pushing Affordable housing.