[NormsRevenge]

Cover-up in progress.

Congre$$ional hearings in session.

Move along.

Nothing to see here.

[NormsRevenge]

“The CEOs of Fannie and Freddie made reckless bets that led to the downfall of their companies. Their actions could cost taxpayers hundreds of billions of dollars,” House Oversight and Government Reform Committee Chairman Rep. Henry Waxman said.

—

Pray tell, Mr. Waxman. Where was the oversight?

[camle]

funny how nobody’s calling for these hotshots to be fired ass a precondition of receiving federal monies, only GM. guess GM should have given Dodd a new corvette to put in his countrywide financed garage.

[petro45acp]

BIG BRASS BA11S!

Fannie and Freddie simply complied under the community reinvestment act (ptui) signed into law by peanut head and strengthened by slick willie. The whole reason a loan is sub-prime is the company accepts more risk that the loan will be paid off. Add to that companies attempting to generate capital by selling blocks of sub-prime loans to other companies, and the whole thing was bound to collapse.

By the way, the CRA, a democrat program.

stoopid congresscritters.

ruefully

[FrankR]

"Four men who led mortgage finance giants Fannie Mae and (FNM.P) Freddie Mac (FRE.P) were called before a U.S. House of Representatives panel on Tuesday and chided for making irresponsible loans that fueled a housing crisis and helped push the economy into recession."

A total collapse of the American economy, millions in bailouts, and these four motherf*****'s were only "chided"?

I was "chided" for talking in class in the 5th grade.

Some heads should be rolling right along with at least two congresspersons I know, hear that Bawny and Kwistoper? Someone need to spend some time in the home for wayward boys.

Those who did this to America should be branded as "traitors" and shot at sunrise...without a blindfold.