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costa's hummer

Saturday, October 11, 2008

Rewind: The President discusses Home Ownership

There is certainly enough blame to pass around to all the parties involved in the current economic crisis, beginning with the bipartisan repeal of portions of the 1933 Glass Steagall act during the Cliinton Administration. However it is important to point out that this administration was a willing accomplice of both Freddie Mac and Fannie Mae and promoted expanded home ownership fervently. Give a listen.

2 comments:

Anonymous said...

All you need to know about Fannie - Freddie and Senator Acorn:

http://www.ibdeditorials.com/IBDArticles.aspx?id=310173877357981

Anonymous said...

Hey Fillmore - read the guy's lips. Both sides were avidly on board.