By: William Hatch, Ph.D.

William Hatch, Ph.D. — Thu, 18 Sep 2008 06:18:51 +0000

There is plenty of blame to go around–greedy lenders, Wall Street brokers and Hedgefund managers; bribed politicians–Democrats and Republicans; incompetent federal bureaucrats; and “give’em cheap money” Greenspan. The Democrats began the ball rolling with their demands that housing be put in the hands of minorities at all costs. The mortgage companies, like Countrywide gave them what they wanted—the subprime mortgage market. Minorities are paying dearly for all this—usurious interest rates during the boom and skyrocketing default rates after the bust. Obama did nothing to blow the whistle on bad lending practices and gouging the weak. Instead he grabbed all the money he could from Fannie and Freddie. Just in time too, they were running short of money. In 2005, McCain sponsored a bill to put Fannie Mae, Freddie Mac and the Federal Home Loan Banks under a super-regulatory agency. Maybe that is why he received so little in donations from both GSEs.

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Thu, 18 Sep 2008 02:20:45 +0000

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Wed, 17 Sep 2008 21:32:34 +0000

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Comments on: Glass-House-Dwelling Republicans in a Tizzy Over Obama Campaign’s AIG Gaffe (Updated)

By: William Hatch, Ph.D.

By: ALERT: Explosive CEO calling Obama, Dems “Family” of Fannie Mae | Right Voices

By: Harry Reid On Economic Woes: ‘No One Knows What to Do’ | Right Voices