On Tuesday, Fannie Mae and Freddie Mac reported Mortgage Delinquencies Rose 50% in a Month

[Miborn]

Originally Posted by RD5050

And the damage caused by the BUSH PRESIDENCY just continues to rear it's ugly head!

I am just glad we finally have an intelligent man in the White House who is smart enough to clean up the mess that idiot BUSH left behind!

I am sorry it was BILL CLINTON and the Democrats blocking legislation starting in 2001. But if it makes you feel all warm and fuzzy you continue to talk the liberal talking points from Pelosi and others.

[Miborn]

Originally Posted by momonkey

Please explain to what you are referring. I know that GWB was calling for GSE oversight reform as early as 2001. Was that what you were referring to? Or maybe it was S.190 that McCain cosponsored in 2006. Was that it?

Financial Services Modernization Act Explained | Guaranteed Loan Modification (http://wannanetwork.com/guaranteedloanmodification/2009/04/01/financial-services-modernization-act-explained/ - broken link)

"The CRA should be abolished, along with the government-sponsored enterprises that fueled the secondary market for subprimes — under pressure from Clinton, who ordered HUD to set quotas for "affirmative action" lending at Fannie Mae and Freddie Mac."

IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor's Business Daily -- Stop Covering Up And Kill The CRA (http://www.ibdeditorials.com/IBDArticles.aspx?id=312766781716725 - broken link)