What Really Happened

Posted by admin on November 6, 2008 under Our Financial Crisis | Be the First to Comment

While many Republicans stood up and pointed out the impending crisis, a whole bunch of Democrats stood up for and defended Fannie Mae’s and Freddie Mac’s practices and of  bullying institutions into making risky loans to unqualified individuals.  As President it is not a stretch to imagine Obama standing in front of Senate and House espousing how government MUST FORCE LENDING to anyone and everyone regardless of their ability to repay.

If Obama would have had his way – and enough power – we would have seen this crisis years and years ago.

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