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Question by : how did the Republicans get the democrates to force lenders to handout high risk mortgages to deadbeats? how did they get carter and then clinton to force lenders to approve at least 50% of their home loans to low credit, low income deadbeats? how did they make barney frank, rahm emanuel and dozens of community organizers to shoot down Bush's attempt in 04' to create an agency to oversee Fannie and Freddie? I am only asking because I was too busy during the 7 years that I was a loan broker to watch MSNBC and find out how they did what they did Best answer for how did the Republicans get the democrates to force lenders to handout high risk mortgages to deadbeats?:
Answer by jack
with Obama's new "redistribution of wealth," scheme i would say that Democrats are just as fast to hand out free money and fork over hundreds of thousands of dollars on loans that they know can not be paid back so this is a two way road!
Answer by runner1
Democrats are fully capable of doing stupid things on their own.
Answer by Sawyer
Republicans didn't do it... If people are unwilling to be responsible for their dumbass decisions, we can blame this oen on Democrats...since Clinton deregualted banks and Democrats blocked Bush from reinstating regulation. = )
Answer by vinny_says_relax
And dont forget that it was Tom Daschele that threatened to pull any oversight bills from the floor...Something the Dems always forget to mention.
Answer by Love.Canada
We had a trust that in the old days the banks would check you out and qualify you for the loan. You got lucky, that it didn't happen to you
Answer by Die Quickly says Kiss My ...
Oh, those waskelly weepublicans......
Answer by gws35
http://www.youtube.com/watch?v=_MGT_cSi7Rs Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis http://www.youtube.com/watch?v=cMnSp4qEXNM&feature=related Timeline shows Bush, McCain warning Dems of financial and housing crisis; meltdown http://www.youtube.com/watch?v=lFwv0FgtebI Bill Clinton "democrats at fault for Fannie & Freddie Have you noticed how liberals almost NEVER bring up Fannie Mae and Freddie Mac?
Answer by Jimmy
was bush in office ? was carter president the last 8 years? do you remember THE OWNER SHIP SOCIETY ? THAT WAS BUSH DUDE.....ONLY YOUR BOTS WILL FIND YOUR QUESTION A COHERENT ONE...long live the g-o-p and it's militant arm the tea party...tea party brings guns to town hall meetings....PLEASE LOOK AT LINK... http://krugman.blogs.nytimes.com/2008/01/30/the-ownership-society/
Answer by moron6
you can't blame the republicans i think it's a little more complex than that.
Answer by YA is full of liberal bias.
Ha ha. I like that. All the libs...Here, just watch Democrats in their own words defending Freddie Mac and Fannie Mae. This is in hearings held by Republicans demanding more regulations. Democrats said none was needed. http://www.youtube.com/watch?v=_MGT_cSi7Rs How quick everyone forgets. :)
Answer by Rob71
Jesse Jackson, Al Sharpton et al threatened boycotts, protests and other "issues" if they(the lenders) didn't.
Answer by disgruntled Xemployee with a gun
I'm not sure Democrates had anything to do with that. He lived like 2,500 years ago but otherwise, both parties supported the idea of encouraging a larger segment of the population to participate in the economy. Good idea / bad economy.
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