For reasons known only to me, I have been following the attacks launched by the Democrats against Edward DeMarco. In 2008 he was appointed to head the newly created Federal Housing Finance Agency.
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I watched the entire Neil Cavuto interview last night with Barney Frank and I was stunned. Stunned at how Bawney kept patting himself on the back for being the only one to recognize the weakness of Fanny and Freddie, how he tried to hard to make reforms but was blocked by Bush every step of […]
Anyone even casually following the financial crisis, precipitated by the burst in the housing bubble which was inflated by sub-prime mortgages (low interest, no interest, no money down mortgages sold to people with sub prime credit), should know that “ground zero” in this entire meltdown was the quasi government banking institutions Fannie Mae and Freddie […]
On this day of the Florida primary, more details are surfacing concerning Newt Gingrich’s interesting relationship with Freddie Mac. You might call the relationship incestuous, but it’s not lobbying and it seems to be perfectly legal. Instead of historian, call him a team motivator.
The complete and total break down of the mortgage industry. It’s the primary reason you may have lost your home, are underwater with your mortgage, or can’t find a job. It was not Wall Street greed, it was the federal government who tinkered with the rules and screwed it up for everyone.
There was a time when Republicans would come on the Sunday morning talk shows and cower in fear when confronted by a mainstream media quick to portray conservatives as extremists. But these days conservative Republicans, in particular tea party Republicans, fight back. And when the tea party Republican is Marco Rubio, it’s no contest.
Jim Hoft over at Gateway Pundit is wondering where the heck the media is on this story. Why are they ignoring the fact the federal budget tripled between 2008 and 2009? For the last 12 months the deficit is $1.4 trillion.
One of the biggest problems that caused the mortgage “crisis” was lending money to people who could not afford to pay it back. Fixing that problem required lenders to pay attention to income, credit scores, savings habits and debt ratios. Guess what happens?
Who says the Republicans in Congress are not doing anything? Even though you could call it old news, members of the GOP House Oversight Committee put together a report in review of the Fannie Mae and Freddie Mac diabolical. So why is this important? As Michelle Malkin reminds us, Rep. Barney Frank (D-Mass.) wants to […]
The NY Times is reporting (paragraph 16) that Chris Dodd included an exemption for bonuses like the ones given AIG in the February stimulus bill … I thought about adding this to Steve’s post on the Democrats going after Rob Simmons but this story is becoming bigger by the minute. The administration official said the Treasury […]