Goatman It was not all Democratic...these quotes come from the whitehouse.gov I think that is a pretty reliable source to quote the President don't you?
http://www.whitehouse.gov/news/releases/2008/01/20080128-13.html
Bush Dec 2007
The Administration has also proposed allowing cities and States to issue tax-exempt mortgage bonds to refinance existing loans, and the President calls on Congress to approve this temporary measure quickly. Under current law, cities and states can issue tax-exempt bonds to finance new mortgages for first-time homebuyers, and this measure would make it easier for State housing authorities to help troubled borrowers
How is it they are troubled borrowers now when they are first time home buyers? hmmmm, or it that to say you are ok'ing loans to folks with bad credit?
Congress needs to pass legislation to reform Government Sponsored Enterprises (GSEs) like Freddie Mac and Fannie Mae
pass legislation that strengthens independent regulation of the GSEs and ensures they focus on their important housing mission
Skip forward to Jan 2008 Bushs' State of the Union Address
Tonight I ask you to pass legislation to reform Fannie Mae and Freddie Mac, modernize the Federal Housing Administration, and allow state housing agencies to issue tax-free bonds to help homeowners refinance their mortgages
$120 million for NeighborWorks and another $50 million for HUD's mortgage counseling program. Congress has had these requests since early February, and it needs to stop delaying and get this funding to the President's desk.
I added that second quote because not only did he know about Freddie and Fannie he was already trying to scramble ways to keep them afloat handing the keys to handle low interest loand ....to who? FHA to refinance, and ...........(drum roll please.......State housing agencies and HUD....you know those agencies don't you? Low income housing? You know the gig.... loan the money to property owners through state agencies, and then subsidize the payments for those with low income...
The Republicans and this adminstration are as quilty as any Democrat...
But you know who to really blame?
Look in the mirror......you bought the partisan BS hook line and sinker.
Vote them out? oh no.....you are to busy blaming the other guy and listening to CNN FOX NBC CBS getting the Readers Digest condensed versions to really listen to what your elected officials were saying.
They knew, have known, thought they had a handle on it until after the elections, but it got away from them before they could get gone. You don't really think Bush bought property in South America because he wanted a bigger cattle ranch do you? He was setting up his escape.
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