Quote:
Originally Posted by cykoe6
This crisis has nothing to do with deregulation and everything to do with Chris Dodd and Barney Frank forcing lenders to make bad loans or face lawsuits for racial discrimination and then allowing Freddie and Fanny to buy the bad loans at the same time fighting any efforts to place lending limits on Fannie or Freddie.
I challenge you to explain what deregulation has to do with any of this.
Even if you were right what does that have to do with Obama's insane deficit spending spree? Mistakes made in the past do not justify bad polices toady.
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yeah chris dodd and barney frank thats too funny. Phil Gramm he fucked this country and for doing such a good job he got vice chairman of a fucking bank. only 3 out of 10 subprime loans fall under CRA.