Stick a pin in Liberal Democrat Barney Frank, and watch him suffer the agonizing pain he justly deserves for putting America into the housing crisis. It was Barney Frank's legislation that was instrumental in causing the so-called housing bubble for telling mortgage companies and banks to lend money to poor people.
May ever pin (post) here strike him till he falls to the just death he deserves!
Here's your pin Bawney.
ReplyDeleteYou mean the Federal Housing Reform Act (H.R. 1427) and the Mortgage Reform and Anti-Predatory Lending Act (H.R. 3915) ? Those bills were passed in 2007, the bubble had been going on for years and years at that point.
ReplyDeleteExcept those bills sought to increase regulation of Fannie & Freddie, limit their involvement in the subprime market, and decrease the number of lower income people borrowing money for homes.
Get on this thing called the internet and read a bit, won't you?