Talk of The Villages Florida - View Single Post - "Why I Am No Longer A Brain Dead Liberal"
Thread: "Why I Am No Longer A Brain Dead Liberal"
View Single Post
 
Old 05-31-2011, 12:06 PM
Guest
n/a
  
Posts: n/a
Default New York Times article of 9/11/2003 on shot-down attempts to oversee Fannie & Freddie
Quote:
Originally Posted by Rags123 View Post
Much of the toxic credit swaps were there due to the GOVERNMENT forcing the issue and insisting that certain loans to certain folks be made. Perhaps if the Govt had not gotten involved...well, who knows
Good reading here, in the New York Times on Sept. 9, 2003, on how the Bush administration attempted to do something about it before it hit the fan, but the usual "saviors" and "champions of the little guy" in Congress mocked, saying there was no problem:


New York Times
New Agency Proposed to Oversee Freddie Mac & Fannie Mae
By STEPHEN LABATON
Published: September 11, 2003

http://www.nytimes.com/2003/09/11/bu...ted=all&src=pm