Fenton
DP Veteran
- Joined
- Nov 17, 2012
- Messages
- 29,771
- Reaction score
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- Gender
- Male
- Political Leaning
- Conservative
sorry Perotista, the "Ollie warning about UBL" is completely false and you lose
all credibility. At least you can blame the conservative entertainment complex for your garbled version of the false narrative that "bush tried to warn us" but you can only blame yourself for claiming you saw something that doesn't exist. You can easily google that "Ollie warning about UBL" is a complete falsehood. But since you chose not to click on my FAQ thread to see that Bush is responsible for the Bush Mortgage Bubble, I doubt you'll go to the trouble to google anything.
here's Bush telling Barney Frank that there is nothing wrong with Freddie and Fannie.
Testimony from W’s Treasury Secretary John Snow to the REPUBLICAN CONGRESS concerning the 'regulation’ of the GSEs
“
Mr. Frank: ...Are we in a crisis now with these entities?
Secretary Snow. No, that is a fair characterization, Congressman Frank, of our position. We are not putting this proposal before you because of some concern over some imminent danger to the financial system for housing; far from it.
“
- THE TREASURY DEPARTMENT'S VIEWS ON THE REGULATION OF GOVERNMENT SPONSORED ENTERPRISES
if you feel like clicking on the FAQ link you would see after that testimony Bush killed the GSE bill, forced GSEs to buy more low income home loans, 'encouraged' the GSEs to buy 440 billion dollars worth of mortgage securities, reversed the Clinton rule that restricted Freddie and Fannies ability to buy subprime and No Doc loans and said there was no housing bubble. And I don't have to use editorials, chain emails and imagination to prove my points.
anyhoo, my question still stands
Can someone explain why those reducing the deficit faster is worth pubs threatening to destroy the economy with default? remembering of course that deficit reduction wasn't their original reason for pubs threatening to destroy the economy with default?
Snow changed his position once the Democrats started to reveal just how corript the two GSEs were.
Care to post that exchange ? NAH !!
It would wreck your desperate and highly innacurate false narrative that Bush was to blame.
But even with that quote you're still trying to say as the Republicans and Bush were pushing for a third party regulator to reign in the coruption WHILE Bush was also agreeing with the Democrats that Fannie and Freddie were in good shape.
Makes a lot of sense VERN. Kinda like your Fannie and Freddie profit thread.
Oh and Bush killed the HR bill Vern but supported the Senate bill that actually had teeth.
What happened to that senate bill in 2007 VERN ?