When Bill Clinton was In Office?....

-that dictated where mortgage lenders could lend, and originally helped create the market for the high-risk subprime loans?
-did the new regulations by clinton force lenders into high risk areas or be slammed with governement penalties?
-where it all began?

-and then, when bush was elected, he 'sat on his hands' and didn't force/enforce reform? he whispered 'something needs to done'?

not being smartass, just want to know facts as i look up...

didnt mccain attempt to regulate fannie mae/freddie mac in 2005? democrats united to shoot down all those measures.? eh?

If I understand right, they "relaxed" buyer requirements or "looked the other way," begining in the mid-late 90's.

They did it in the name of "Affordable Housing" meaning, we'll get you in a house even if it looks like you may not be ready to assume the burden.

That's the way I read it.

U.S. constitution empowers congress with controlling monetary matters. regulation of the financial industry must go through congress.bush couldn't do it.
can anyone point me to any regulation that democrats proposed prior to the mortgage crisis ?

The last significant deregulation of the financial industry, the Gramm-Leach-Bliley act, which has been pointed to as a significant contributing factor to the subprime crisis, occurred in 1999 and was signed into law by Democatic president Bill Clinton. Gramm-Leach-Bliley passed the Senate by a vote of 90-8, so it had wide bipartisan approval. Obama's VP nominee, Joe Biden, voted for it, as did nearly the entire Democratic leadership. John McCain did not vote on the final version of that legislation. The Democrats hailed the passage of Gramm-Leach-Bliley at the time, saying that it would significantly boost the availability of low-income housing.

i know, i know, nobody wants the dirt on the dem's, but here is more....

https://www.ohiomm.com/blogs/da_kings_men/category/housing/

When Clinton was in office everything was cool.

sure, but he startd the downward spiral, the ball rolling, did he not?

No, that was monkey man.

ok, who is the monkey man? lost again, me.

Anyone else know a setup when they see one?>

George Bush, he should never have been president.

ok i will stop!

Why don't the people who took out stupid loans that weren't at a fixed rate take a little responsiblity?
I am tired of hearing how people are losing their houses and it's the banks fault - read the contract and if it's not something that is feasible (short term yes - long term no, or maybe not) then you don't do it.

it was a setup? the monkey man? never heard it, call me niaeve.




i didnt vote for him, never. who the hell did on here?

just try to answer my questions, i am full of them...did he or did he not sign a bill to start giving loans to minorities and low income?