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1 posted on 09/20/2008 4:12:49 PM PDT by Jim Robinson
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To: Jim Robinson

The chickens came home to roost.


2 posted on 09/20/2008 4:15:52 PM PDT by neodad (USS Vincennes (CG 49) "Freedom's Fortress")
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To: Rodger Schultz

Hat tip to Rodger!


3 posted on 09/20/2008 4:16:51 PM PDT by Jim Robinson
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To: Jim Robinson
Yep......

"And if you don't like this" said Fanny and the Congressional Black Caucus, "you must be racist".

And so it was................

4 posted on 09/20/2008 4:17:00 PM PDT by Cold Heat (Well....................................That's .....that.........)
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To: Jim Robinson

The answer was NEVER to give ANYBODY a mortgage for ANY AMOUNT with NO MONEY DOWN.


5 posted on 09/20/2008 4:17:10 PM PDT by wagglebee ("A political party cannot be all things to all people." -- Ronald Reagan, 3/1/75)
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To: Jim Robinson
In July, the Department of Housing and Urban Development proposed that by the year 2001, 50 percent of Fannie Mae's and Freddie Mac's portfolio be made up of loans to low and moderate-income borrowers

The smoking gun. The Clinton administration was behind this fiasco.
6 posted on 09/20/2008 4:17:10 PM PDT by Signalman
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To: Jim Robinson
This tells it all.
8 posted on 09/20/2008 4:17:36 PM PDT by stripes1776 ("That if gold rust, what hall iron do?" --Chaucer .)
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To: Jim Robinson

MAJOR BUMP!!!!!!


9 posted on 09/20/2008 4:18:31 PM PDT by nmh (Intelligent people recognize Intelligent Design (God).)
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To: All

See also:

2005 Video: Fannie Mae CEO addresses Obama & the Democrat Black Caucus, his “Family”

http://www.freerepublic.com/focus/f-news/2085235/posts


10 posted on 09/20/2008 4:18:33 PM PDT by Jim Robinson
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To: Jim Robinson

Sir, don’t you understand that it is a God given right under our evolving and elastic Constitution that every US resident, including illegal aliens, have a right to finance, with no provable income and no money down, two bedroom condos for $650,000?


11 posted on 09/20/2008 4:18:45 PM PDT by Chet 99
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To: Jim Robinson
"The change in policy also comes at the same time that HUD is investigating allegations of racial discrimination in the automated underwriting systems used by Fannie Mae and Freddie Mac to determine the credit-worthiness of credit applicants."

Clinton/Cuomo conspired to sue the member banks if they didn't comply, and invented "redlining" - this was the beginning.

Keep in mind, Andrew Cuomo is now New York's Attorney General...

12 posted on 09/20/2008 4:19:17 PM PDT by xcamel (Conservatives start smart, and get rich, liberals start rich, and get stupid.)
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To: Jim Robinson

good find!


13 posted on 09/20/2008 4:19:52 PM PDT by RXSalesman
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To: Jim Robinson

Reading this was almost eerie, sort of like precognition. The exhuberance of the reportage was clear as if this reduction in standards should have happened years before.

McCain co-sponsored a bill in ‘05 to address problems that he forsaw. Democrats blocked it. Get the word out there.


14 posted on 09/20/2008 4:20:07 PM PDT by downtownconservative (Intelligence sans reason is vainglorious pulp)
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To: Jim Robinson
President Bush tried to head this off in 2003. New Agency Proposed to Oversee Freddie Mac and Fannie Mae . It's amazing to me how unformed the public (and some FReepers) are.

Also John McCain saw a problem. John McCain 2006 - Warning On Current Housing Crisis.

15 posted on 09/20/2008 4:20:30 PM PDT by McGruff
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To: Jim Robinson

Yeah, baby! Good find. The truth shall set you free!


16 posted on 09/20/2008 4:20:59 PM PDT by Obadiah (I remember when the climate never changed, then Bush stole the election.)
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To: Jim Robinson

Bump


17 posted on 09/20/2008 4:21:42 PM PDT by nickcarraway
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To: Jim Robinson

Drive it home....woohoo!


18 posted on 09/20/2008 4:21:53 PM PDT by Earthdweller (Socialism makes you feel better about oppressing people.....)
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To: Jim Robinson
Ah-HA!!!
21 posted on 09/20/2008 4:23:30 PM PDT by LUV W (McCain/PALIN!!!!--'nuff said! :D)
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To: Jim Robinson

Hey Jim!


23 posted on 09/20/2008 4:25:22 PM PDT by SkyPilot
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To: Jim Robinson
This is the second time that real estate lending practices have led to banking meltdowns. Its time to put an end to this manipulation of the banking system.
24 posted on 09/20/2008 4:25:24 PM PDT by quadrant
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To: Jim Robinson
>>>>>''Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements,'' said Franklin D. Raines, Fannie Mae's chairman and chief executive officer.

Good old Franklin Delano Raines. The man who took home $90-million from Fannie Mae between 1999-2004. The same Clintonite who is about to pay $24-million in penalites for a stay out of jail card.

25 posted on 09/20/2008 4:26:15 PM PDT by Reagan Man (With Palin on the ticket, McCain Earned My Vote --- MOST conservatives should be satisfied.)
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