wrote in message
...
On Sep 29, 7:53 pm, "John R. Carroll"
wrote:
BAR wrote:
Ed Huntress wrote:
wrote in message
...
On Sep 29, 7:17 pm, "John R. Carroll"
wrote:
Tom Gardner wrote:

Hey, jackass: It was Bush and the Republican leadership who called
for this bill. It was Republican administration officials, including
all of their Treasury and economic advisors. It was the
Republican-appointed Fed Chairman. It was the House minority leader.
It was Bush himself.

Get it?

It was the Democrats who saw this as an opportunity to grab a hold of
Wall Street, by the balls, and use it as their personal bank account
to fund their pet projects.

There wasn't a single direction on the use of the funds.
Not one.
There was strict oversight but NO earmarking.

--

John R. Carroll
www.machiningsolution.com

Democrats caused this problem by FORCING lenders to make subprime
loans to risky borrowers. Yes, FORCED. When it was pointed out that
this was causing problems in 2005, they continued to defend the
practice and said Fannie MAe and Freddie Mac were in fine shape. In
return, Fannie Mae and Freddie Mac gave he Dems boatloads of money.
Let the Dems solve the problem they caused.

You freaking moron. What do you read for your information, _Mortgage
Broker's News_?

Nobody had to force them to do anything. Once they had Moody's and Standard
& Poor's in the bag, which made a ready market for unseasoned junk
mortgages, they just took off on their own. It was like a license to print
money, brought to you courtesy of Reagonomics in its full flower.

--
Ed Huntress