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A late finding about the housing bubble which proves that


Posted: Mar 14, 2013

this bubble burst could have been prevented had the Democrats not blocked any legislation and covering Clinton. After all, who was President from 1992-2000? Then the warning from Bush and trying to regulate Freddie Mac and Fanny Mae to no avail in 2004 because the economists saw trouble coming, but the Democrats were still in denial.

 

 

https://www.youtube.com/watch?v=NQXbT5ZMYaY

;

Democrats did not block anything - BillyJoe

[ In Reply To ..]
Senate Democrats did not block the Federal Housing Enterprise Regulatory Reform Act of 2005, which never went up for vote. They did, however, refuse to support a provision of the bill. They sought stricter oversight but would not support a provision of Hagel's bill that would limit the size of the company's portfolios. As a result of this disagreement the negotiations stalled and the bill never made it to the floor.

McCain did not continue the fight or introduce any new bills. It is also important to note he was not a disaffected party. According to PolitiFact.com, "McCain has taken heat for recent revelations that Freddie Mac paid a lobbying firm co-owned by his campaign manager, Rick Davis, $15,000 a month from 2005 through August 2008. But the campaign has called attention - in advertisements like this one - to McCain's support for tighter oversight of the companies."

So, what you're saying is the C-Span video - Truthhurts

[ In Reply To ..]
of the congressional hearing is all lies?

Try this one below if you have 7-1/2 hours to get the whole hearing.

http://www.c-spanvideo.org/program/183818-1

Sorry, I don't understand your post completely. - "...and covering Clinton"?

[ In Reply To ..]
x

I agree to this. Knew bubble going to burst. - Geesh.

[ In Reply To ..]
You could smoke a cigarette in front of a Dem and they will deny you were smoking.

Knew bubble was going to burst in the housing market. How could a family of 5 making 30,000 a year afford a 500,000 dollar home?

Anyway, I knew bubble was going to burst and sold my home in less than 6 hours and profited 272,000 in my pocket. Moved into an apartment and waited for the explosion and then waited for a year and a half when the market tanked and bought a home.

Yep... and people are still in denial about this - and that the USA is broke !! nm

[ In Reply To ..]
nm

And here I thought subprime loans - were to blame.

[ In Reply To ..]
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