Another that every single American should be asking is why Fannie Mae and Freddy Mac were exempted from falling under Sarbanes-Oxley?
Slight correction: it was the social engineering platform advanced by the Democrat party to promote “affordable housing” that enabled the mortgage industry to engage in bad lending practices that led to this problem.
Another thread on FR tonight says subprime loans are still being advertised on radio - even mentions the Community Reinvestment Act. Why not? Congress sure isn’t going to turn off the tap.
http://www.americanthinker.com/2008/09/barack_obama_and_the_strategy.html
Barack Obama and the Strategy of Manufactured Crisis
They`re still doing it,I heard a commercial today for CRA homes,painted and ready to move into.
The Dems treated Fannie and Freddie like a welfare agency.
The Republican Congress was more on the golf course than doing their job and now so is the Democrat Congress. This is the reason why the Republicans lost their seats and the Democrats have a low approval rating.
They both have failed the American people because of corruption that runs all the way to the top.