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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…
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.
Thanks to listener and frequent on-line chatter, Rick from West Hartford, for digging up this gem for us. From a January 14th editorial in the Washington Post … calling out Senator Chris Dodd. As you know Chris Dodd was shocked, shocked I tell you to discover corruption in Fannie Mae. The headline reads: “A Better Watchdog The…
OK. Now that we know the Senate has pushed along pretty much the same bill as the House Republicans rejected earlier this week … we need to know who created this mess. Below you will hear the Democratic mantra … “Greedy Wall Street”, yet not one mention of Congresses own culpability … not one. Dodd,…
Make no mistake, Congress will try to either ignore or gloss over the mistakes made that put us into a situation where the American tax payer will be on the hook for a trillion dollars (that numbere still boggles the mind) to right the listing financial ship we are sailing today. Already Democrats are trying…
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…
Chuck Schumer is making the rounds … pointing fingers … laying blame on Republicans and deregulation. Well here’s another glass house update. From the New York Sun As Senator Schumer attempts to blame Wall Street‘s recent economic upheavals on a lack of regulation by the Bush administration, he may have some inconvenient facts to confront.…
The Republicans have had enough and it’s about time. The Democrats started getting partisan last night … as I detailed below. Last night Republicans said nothing. Today Nancy went right back at it saying the Republicans were to blame for deregulation and ignoring the problem. We detailed yesterday how the root of this lies right…