On 1/4/2016 7:21 AM, Boating All Out wrote:
In article ,
says...


You can't be serious. The origins that led to the housing market
collapse in 2008 started in 1995 ... more like 21 years ago, not 10.
Actually, you could say that it started even before that under GHWB's
term except it was Clinton who put pressure on Fannie May to increase
the ratio of low income, higher risk loans. Barney Frank had much to do
with this. Clinton rewrote the Community Reinvestment Act, which put
added pressure on banks to lend in low-income neighborhoods.

The balloon that was about to burst wasn't obvious until about 2006 when
some financial and mortgage experts began to warn of a crash.
Until then, housing prices were going up by 15, 20 percent or more.
Don't you remember all the house "flippers" that were operating then?

Yeah, yeah. The first successful semi-auto rifle was made
by Ferdinand Ritter von Mannlicher.
He is responsible for the all the terrorist mass murders
using semi-auto rifles. Evil man.
Give me a break. Come back with some FACTS.
You can start here as a primer.
https://en.wikipedia.org/wiki/Financ...is_of_2007%E2%
80%9308
It covers the CRA too.
Or you can play footsie with califbill, if he's your speed.
I really don't give a ****.
Dyed-in-the-wool Republicans will always blame Clinton and
Frank for everything, because it tickles their fancy.
Fine by me. Whatever floats your boat.


Thank you for understanding.
You might want to read up on the history of Freddie and Fanny.