Does anybody remember when GW Bush tried to reign in Fannie and - TopicsExpress

Does anybody remember when GW Bush tried to reign in Fannie and Freddie and he was called a racist? Does anybody remember the grilling that private mortgage execs and Freddie Fannie personnel took in committee hearings from barney frank and Chris Dodd? Barney and Dodd accused the mortgage giants of redlining against minorities when in fact they were doing proper underwriting of likelihood of repayment. Add Alan Greenspan to the mix and the engine of the real estate crisis was primed. Of course most Americans forget this because they have 30-second memories. If Obama wants the private mortgage market to thrive then these companies cannot be hamstrung on underwriting and loaning to whom they want. Period m.usatoday/article/news/2624767

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