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I don't know whether you are a mindless dolt or not, but everything you have said is right out of the right-wing disinformation media packet for how to deflect blame for the credit crunch and resulting recession. None of it has had a basis in fact. Maybe that doesn't bother you...maybe it ought to...
No, they proposed legislation that was shot down. Why do you lie?
It was shot down (even though Republicans were in the majority) because what it did was seek to constrain the GSE's. At the time, no one disagreed over the basics of actual GSE reform going forward. The legislation died because the Bushies weren't willing to settle for that. Continuing a process of refining and retooling the GSE's to better fit a rapidly changing housing market was not their concern. Driving the GSE's out of the market in favor of their Wall Street buddies was what drove them.. Same sort of impetus as was behind bankruptcy reform, tort reform, and attempts at Social Security reform...
It was shot down (even though Republicans were in the majority) because what it did was seek to constrain the GSE's. At the time, no one disagreed over the basics of actual GSE reform going forward. The legislation died because the Bushies weren't willing to settle for that. Continuing a process of refining and retooling the GSE's to better fit a rapidly changing housing market was not their concern. Driving the GSE's out of the market in favor of their Wall Street buddies was what drove them.. Same sort of impetus as was behind bankruptcy reform, tort reform, and attempts at Social Security reform...
Yeah, blah, blah, blah, blah, blah, blah. Barney Frank lied and that resulted in families losing their homes.
I am not a mindless dolt. You are a rude person. You have no problem telling me I am wrong without citing any sources. Maybe you were not following the news at the time.
Oh, yes I was, so I'll ask you to name any aspect of GSE operations that would have been affected by S.190 in any way that would have done anything at all to stave off the credit crunch that came along a little over two years after that bill was introduced.
Oh, yes I was, so I'll ask you to name any aspect of GSE operations that would have been affected by S.190 in any way that would have done anything at all to stave off the credit crunch that came along a little over two years after that bill was introduced.
If Barney Frank had not lied and allowed legislation to move forward to protect home owners, some people might not have lost their homes. If that is not good enough for you, too bad. Are you Barney Frank?
Another one so easily had. Watch your first video more closely. What is warned about other than size? What actual safety and soundness issue is raised? Why none. None at all. Because there weren't any. The Republican intent was simply and solely to give the GSE's a haircut so that their friends on Wall Street could have a bigger share of the action. A share they used to line their own pockets at the eventual expense of the world. Here's your sign...
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