Posted on 02/07/2019 11:31:54 AM PST by SeekAndFind
Isn’t that the root cause of the 2007 financial crisis?
It’s just like 2006 all over again. Fanny Mae and Freddy Mac are coming back. Cause it worked out so well for our economy the last time.
It is. But remember, big money and big banks are who put these asses in power.
And I suspect it was a manufactured crisis. Real, but created by the democrats, precisely to get power.
Fanny Mae Freddy Mac, Chris Dodd and Barney Frank, Make banks fragile with bad loans, concentrating them in falsely positive overrated securities, and then with Nancy Pelosi as speaker of the house, timed with the approaching election all new energy production is essentially stopped by congress with banning of off shore drilling, spiking gasoline prices; families forced to choose between paying for food and gas or their toxic variable interest loans, default the loans, triggering the real estate collapse.,,,
All creates the perfect crisis to introduce communism to the American public in a smooth talking polished package... hello President Obama.
There’s another committee in Congress that has Maxie as both the ranking member and majority chairmanship, the Corruption Committee.
Thank Goodness the Senate, likely and President Trump, definitely, will put and end to her radical ideas.
I would not bet on the Senate.
The words “may” and “pressure” don’t belong together. I believe the word the author was looking for is “shall”.
I’m thinking giving such credit risks their own house might be cheaper- say quonset huts or soddies.
Back to Dodd Frank BUT A MILLION TIMES WORSE, those two idiots had evil minds this idiot has none
All in the name of diversity, she insists that banks give out loans that they know will never be paid.
Didn’t she and others do this back prior to the 2008 collapse of the housing market? Wasn’t this type of loans that brought the US to its knees.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.