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Re: Convict Bush, McCain and the GOP for the Economy
Posted by: Raconteur
Date: 09/30/2008 10:45AM
No mention of the Community Re-Investment Act, and it's effect on the very financial institutions that are failing today, Ms Cocco?
No mention of the CRA's review process that included policies intended to punish lending institutions unwilling to suspend sound lending practices and unwilling to loan money to those unlikely to be able to repay?
No mention of the Democratic members of Congress that refused to see any problems in Fannie and Freddie in 2004, and instead attacked regulators at the hearings intended to address the issue?
Wouldn't it be convenient to lay all of this at the feet of an administration which will be gone in January...and not address the culpability of Democratic members of Congress who will, regrettably, astonishingly, continue to hold their jobs despite their miserable performance.
No mention of the CRA's review process that included policies intended to punish lending institutions unwilling to suspend sound lending practices and unwilling to loan money to those unlikely to be able to repay?
No mention of the Democratic members of Congress that refused to see any problems in Fannie and Freddie in 2004, and instead attacked regulators at the hearings intended to address the issue?
Wouldn't it be convenient to lay all of this at the feet of an administration which will be gone in January...and not address the culpability of Democratic members of Congress who will, regrettably, astonishingly, continue to hold their jobs despite their miserable performance.
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