issue of the original Bob Enzyte : Why are the Liberals not but know that Barney Frank and the Democrats / Fannie Mae has brought on this financial disaster FANNIE MAE AND DEMOCRATS IN THEIR Personal WORDS: http://www.youtube.com/watch?v=_MGT_cSi7Rs Ideal answer:
response Sunshine
Since our dollar was almost quickly devalued the Bush initial took loans from China several years ago minute, I feel it has more to do with that.
Question by Change Now: What did Barney Frank have to do with wrecking our economy?
I am reading The Big Short by Michael Lewis.
It’s about how the Wall Street geniuses were allowed by the GOP Congress under Clinton to wreck our economy thru the securitization of mortgage loans into AAA rated bonds.
The SEC under Bush was absent or was told to be absent by the Republicans (remember Bernie Madoff)
No where is Barney Frank mentioned. What role if any did he play?
Best answer:
Answer by Chris Christie
Fannie Mae
That book is liberal lying bullshit!
Carter’s Community Reinvestment Act started the ball rolling on the eventual collapse.
Threats of racism accusations by the Congressional Black Caucus kept anyone from repealing it.
http://en.wikipedia.org/wiki/Community_Reinvestment_Act
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