Comments on: AG Harris’ housing bubble lawsuits ignore what inflated bubble

By: FinancesWire.com

FinancesWire.com — Thu, 25 Sep 2014 12:09:52 +0000

Fannie Mae & Freddie Mac were the victims of the global financial crisis, causing the bankruptcy of many banks and financial institutions. That must be a lesson for all of us and for the future US economists.

By: Tim

Tim — Mon, 11 Feb 2013 12:36:13 +0000

They also ignored proof of BK fraud, credit card fraud, and real estate fraud.
So why is this news??

The AG of california with full intent and malice, protected the criminal and ridiculed the victims.

By: jimmydeeoc

jimmydeeoc — Mon, 11 Feb 2013 11:30:45 +0000

True enough about Cox and Bush, Mr Reed.

Though at the end of the day it exposes the astounding hypocrisy of the Left (but then again, what else is new)…..Those who argued for more lenient standards, thinly guised as racial preferences, then when it all blows up, rail against the outcomes rooted in the very same positions they so strongly supported.

There’s a lot not to like about Michael Savage, but he nailed it with “Liberalism is a mental disorder”.

And as for Ms Harris specifically? I reach for a Bromo. But indigestion is only temporary.

Imagine Harris on the Supreme Court. That’s forever.

By: Chris Reed

Chris Reed — Sun, 10 Feb 2013 21:25:14 +0000

Bush has no fig leaf. His choice to run the SEC, former Orange County congressman Chris Cox, had all the regulatory power he needed to block many abuses. He sat on his hand.

This was a bipartisan debacle, and Barney Frank was part of it. But Bush really did give a speech with his call to give mortgages to millions of minorities and he really did pressure Fannie Mae and Freddie Mac to comply.

By: Richard deSousa

Richard deSousa — Sun, 10 Feb 2013 19:13:04 +0000

I seem to remember president bush (the second) was concerned about Fanny Mae and Freddie Mac and the financial health of those two semi quasi government bureaucracies being over leveraged but Representative Barney Frank, the Democrat who’s committee controlled Fanny Mae and Freddie Mac, said it was incorrect!

By: Rex the Wonder Dog!

Rex the Wonder Dog! — Sun, 10 Feb 2013 18:50:03 +0000

The housing bubble is the result of two HUGE factors, the biggest one was Alan “Mr. Bubble” Greenspan keeping interest rates at ridiculously low rates for 8 years, and the second factor was the complete abandonment of legitimate underwriting standards, where a 15%-25% down payment should have been mandatory, as well as income verifications for at least 3-5 years.