tag:blogger.com,1999:blog-5050620890310827676.post8822521760693776041..comments2023-08-21T10:07:58.051-04:00Comments on Daily AntiKos: McClatchy Lies to Protect Fannie, Freddie, Barney and the DemsFundyhttp://www.blogger.com/profile/11919458872326059183noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5050620890310827676.post-27956702917152037272008-10-13T22:22:00.000-04:002008-10-13T22:22:00.000-04:00Say it Louder!!!Say it Louder!!!Mundyhttps://www.blogger.com/profile/01568905589486024765noreply@blogger.comtag:blogger.com,1999:blog-5050620890310827676.post-48067515063123596462008-10-13T21:29:00.000-04:002008-10-13T21:29:00.000-04:00The idea that private companies caused the financi...The idea that private companies caused the financial collapse in the Unites States is absurd. All lenders are subject to Federal law when it comes to lending. The Federal government sets the standard. When the Clinton Administration started the "strong-arm" tactics on Lenders and forced them to loan to low-income and minority families that set the ball rolling. The bubble would not have grown if Fanny May and Freddie Mac were not provided the funding (thank you Barney Frank and Chris Dodd) to insure the bad loans. It is primarily the politicians that were buying votes who allowed the system to grow. By circumventing the free market they created the next best socialistic give-a-way known to man, "the free home." Take it one step further and look at how Investment Banks made it worse by packaging and selling sub-prime loans to the public. In that case you might be able to blame private companies, but bottom line, if the Fed had not created the sub-prime business in the first place, the banking collapse as we know it today would be quite a different story.<BR/><BR/>So you pundits out there who want to blame private corporations on all the ills of society need to take a hike. Your rhetoric sounds like pure liberalism to me and is sounding tired and old. The liberal always tries to blame someone else. Why not look in the mirror and place the blame squarely where it belongs, with big government, reckless spending, and liberal politics.Anonymousnoreply@blogger.com