Commanders Post at The Warpath - View Single Post - Housing Mess Started With Bill Clinton In 1999

That Guy · 09-27-2008, 12:01 AM

congress is mainly to blame, and freddie/fannie for paying off so many of the people that were supposed to be watching it (just like the oil lobbies). the introduction of mortgage liquidity (selling bad debt tracts) also turned it into a total monster.

clinton and mccain both tried to get more control over them i believe, but too many people were looking the other way.

there's plenty of blame to go around.

09-27-2008, 12:01 AM	#7
That Guy Living Legend Join Date: Jun 2004 Location: VA Age: 42 Posts: 17,620	Re: Housing Mess Started With Bill Clinton In 1999 congress is mainly to blame, and freddie/fannie for paying off so many of the people that were supposed to be watching it (just like the oil lobbies). the introduction of mortgage liquidity (selling bad debt tracts) also turned it into a total monster. clinton and mccain both tried to get more control over them i believe, but too many people were looking the other way. there's plenty of blame to go around.