“I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on what’s being proposed here, he’d agree with it. He would agree that the First Amendment cannot be absolute.” - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.
More !money = more choices in life = more freedom
Lets see, there was Janet Reno, who aggressively targeted Banks for supposed " discriminatory lending practices " thereby forcing all lenders to lower their decades old lending standards or face a DOJ lawsuite.
Fun Fact, Eric Holder worked for Janet Reno back when the Federal government was essentially shaking down banks.
There was Jim Johnson, ( Democrat ) who in 1993 committed the GSEs to 1 Trillion dollars in Subprime loan purchases.
There was Andrew Cuomo, who committed the GSEs to 2.4 Trillion dollars in Subprime purchases and changed their internal rules that allowed them to hide Trillions of dollars in Subprime debt.
He was elected Governor for his corruption.
There was Jamie Gorelick, ( Clinton Vice Chair appointee at Fannie Mae ) who openly and publicly lobbied banks to sell their Subprime loans to Fannie Mae so they " could turn them into Securities
Then there were people like Barrak Obama, who prior to being a State Senator shook down lending institutions for " didiscrimination " as a Plaintiffs lawyer. He shook down Citi Bank in Chicago.
There was Franklin Raines, Fannie Mae CEO and Clinton appointee who falsely reported BILLIONS in profits and was responsible for Fannie Mae reciveing the largest SEC fine in History. ( 400 Million dollars )
Then there was the Democrats, who did everything in their power to block any reform that would have uncovered the MASSIVE and UNPRECEDENTED corruption that was happening at Fannie Mae and Freddie Mac including using their " Rule 22 " veto to threaten the GOP into not bringing sb190 to the Senate floor in 2005.
It was REAL GSE legislation that would have appointed a 3rd party to oversee the GSEs 3 years before the Financial crisis.
There was Barney Frank, who openly fougt off GOP attempts to force the GSEs to submit to full disclosure and there's Chris Dodd, who recieved " VIP " loans from Country Wide who was one of the largest originators of Subprime loans.
Fannie Mae was Country Wides primary consumer going all the way back to 1999.
So there you go. I expanded on my previous post and you learned something new !
The Republicans had just as much to do with the crash, maybe even more to do with the crash as the Dems. The difference is most Libs will admit the Dems also had something to do with the crash, but you kool-aide drinking lemming conservatives refuse to admit that Gramm and the rest of the GOP also had a hand in the crash.