quote Originally posted by connecticutFIERO: Clinton didn't put people against regulation and oversight as the heads of regulation and oversight. He did sign a big deregulation and reorganizng regulation law though. And if I recall, that's not even all that relevant to this particular problem. After all it didn't cause problem for what 15 years?

Not 15 years, 12. But the length of time in irrelevant. The whole house of cards was able to stand as long as property values continued to rise. When property values peaked, the collapse was inevitable. They rose right through 2006, leveled off in 2007 and then the train wreck followed.

quote Originally posted by troyboy: Thank god for the MAVERICK, change is a coming

Actually their were Senators and representatives other than McCain who all but begged for regulation of Fannie Mae and Freddy Mac only to be viciously attacked by Democratic Senators and representatives who were being paid by both of those institutions under question.

quote Originally posted by ryan.hess: Speaking of mortgages, there's new criticism behind McCain's blah blah blah

quote Originally posted by Toddster: Not 15 years, 12. But the length of time in irrelevant. The whole house of cards was able to stand as long as property values continued to rise. When property values peaked, the collapse was inevitable. They rose right through 2006, leveled off in 2007 and then the train wreck followed.

Todd, you have just described a classic Ponzi Scam.
I look forward to the day that Dodd, Frank, Raines, Johnson, Howard and a host of others are indicted, arraigned and convicted as co-conspirators.

[This message has been edited by randye (edited 10-11-2008).]

quote Originally posted by randye: Todd, you have just described a classic Ponzi Scam. I look forward to the day that Dodd, Frank, Raines, Johnson, Howard and a host of others are indicted, arraigned and convicted as co-conspirators.

I want these ******* to pay big time. All politics aside, the one thing I can't stomach is deliberate and willful negligence and corruption with my tax money. Jail for all of them.

OBAMA CAUGHT SAYING ACORN AND FRIENDS WILL SHAPE HIS PRESIDENTIAL AGENDA