Do you find it significant that President Bush's mess is still with us?

So who do we blame for the Detroit Lions?

I was hoping that you would ask the question in such a way that I could have taken you down one point at a time, I know the banks under clinton were allowed to mesh commercial banks with investment banks so that all the home loans fell into the lap of the fdic vs investments that were not insured. I know that the carter administration forced the banks to make bad loans and called loaning money to people who could repay, an antiquated lending practice. I know that bush went before congress more than thirty times telling them that fannie and freddie were time bombs and they did nothing. I will admit that twenty percent of our debt was inherited when obama took office but I also know that obama prior to the oval office was in the senate where he voted for all but one of the spending bills. It is not rational thinking that because bush was not perfect automatically means that obama is.

Hey sport, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009 and the first nine months of 2010 called, they all want their "it's all Bush's fault" spin back.

Yes, Republican'ts like "W"aste Product sure can do a lot of harm in eight-years!!!!!!!! We need to vote straight Democratic so the cleanup/recovery can continue unfettered! Remember it's "D" to drive forward and "R" for reverse/backwards and God knows we can't afford to go back to the past with the Republican'ts! Just say "No" to the party of "No," the Republican'ts on Tuesday!!!!

Yes I find it significant that the idiots on the right expects him clean up the mess G.W B left this country in in a day. It is so wrong.

Time for you to LEARN

http://archives.clintonpresidentialcenter.org/?u=1...

http://www.nytimes.com/1999/09/30/business/fannie-...

http://www.presidency.ucsb.edu/ws/index.php?pid=51...

Subprime Mortgage began in 1994

October 23, 1997

(From the Clinton Archives)

In 1994, President Clinton, along with the National Partners in Homeownership, set a goal for the nation to achieve an all-time high homeownership rate by the year 2000. Today -- a full three years early -- the Census Bureau reported that in the third quarter of 1997 the homeownership rate climbed to its highest level ever. Here are some of the results from the Census report, as well as other housing-sector statistics:

--In 1995, at the request of President Clinton, the Administration convened the National Partners in Homeownership to carry out a National Homeownership Strategy

-- The Clinton Administration has cut FHA home mortgage insurance premiums four times

--In 1999, under pressure from the Clinton administration, Fannie Mae, the nation's largest home mortgage underwriter, relaxed credit requirements on the loans it would purchase from other banks and lenders, hoping that easing these restrictions would result in increased loan availability for minority and low-income buyers.

Putting pressure on the GSE's (Government Sponsored Enterprise) Fannie Mae and Freddie Mac, the Clinton administration looked to increase their sub-prime portfolios, including the Department of Housing and Urban Development expressing its interest in the GSE's maintaining a 50% portion of their portfolios in loans to low and moderate-income borrowers.[9]

Fannie Mae Eases Credit To Aid Mortgage Lending

WASHINGTON, Sept. 29, 1999 — In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.

The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans.

***** Fannie Mae officials say they hope to make it a nationwide program by next spring. ***

--BUSH REGULATORY OVERHAUL OF FANNIE/FREDDIE BLOCKED BY DEMOCRATS

http://www.nytimes.com/2003/09/11/business/new-age...

New Agency Proposed to Oversee Freddie Mac and Fannie Mae

By STEPHEN LABATON

Published: September 11, 2003

WASHINGTON, Sept. 10— The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.

The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors.

--Supporters of the companies said efforts to regulate the lenders tightly under those agencies might diminish their ability to finance loans for lower-income families.

-- ''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''

Representative Melvin L. Watt, Democrat of North Carolina, agreed.

''I don't see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing,'' Mr. Watt said.

you should blame the cowboys for bush too

idiot

team also lost first 2 games

"Proof" only in your mind as you desire it to be so. I was no fan of the man but your connection is ridiculous.

I find it significant that Obozo, Pelosi, Reid, and their ilk has made it worse. Yet morons want to keep them in office.

Another fine example of how liberals will cling to just about ANYTHING except reality.