for freddy and fanny i thin Dodd and Franks ( the 2 idiots responsible for those monsters ) should do a hara-kiri.. end their silly lives in a honorable way.

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Человек, который почувствовал ветер перемен, должен построить не щит от ветра, а ветряную мельницу

Шурик, вот здесь ответы на ваш вопрос, кто виноват в кризисе. Посмотрите, не поленитесь
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Мне нечего смотреть эти видео ролики. Республиканцы были у власти
сколько лет? Не ужели если это всё правда они не хотели это поменять?
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The problem one hand was giving money to the other! So everyone was happy. Of course if you can make money out of thin air, wouldn't you package it and sell it?

Шурик, так вы ничего не уяснили из этого ролика? Tам же специально крупным шрифтом всё расписано. Республиканцы хотели закрутить гайки потуже на Фрэдди с Фэнни, а демократы им не дали. Ещё и в расизме обвинили. ( Ну как же, Frank Raines is black, he can do do wrong).

Мария,
республиканцы были у власти 8 лет. Чего то трудно поверить что за 8 лет
ничего не сделали (N)

Fannie and Freddie alone did not cause the financial problems. They provided the mortgages, AIG insured it,
Goldman packaged it and sold it on the open market.
It was combination of factors and of course you can blame the democrats and republicans in complacency.

First step in the right direction(Y)
AFP Praises House Republicans for Banning Earmarks. TheHouse Republican Conference voted today to ban the use of earmarks byits members. Americans for Prosperity has been educating and mobilizingthe public to fight against pork-barrel earmarks for years, including anationwide RV tour called the Ending Earmarks Express that traveledmore than 15,000 miles in 2006 visiting the 50 most egregious earmarksin 38 states.

“We congratulate Leader Boehner and the House Republicans for taking this bold step,” said AFP Vice President for Policy Phil Kerpen. “Our foundation’s recent study confirmed earmarking works all too well at buying votes for re-election, so this decision to refrain from earmarking took real political courage.
“The American people are tired of hearing about pork projects and having their taxes raised to pay for them. Even House Democrats are starting to realize this – but their ban on earmarks for corporations allows for earmarking as usual by state and local governments, public authorities, and universities. The idea that earmarking is somehow virtuous when it rewards government entities for taxpayer-funded lobbying is ridiculous.

The House Republican Conference’s historic decision to put a unilateralend to earmarking is the biggest, most concrete step away from corruptearmarking-as-usual ever taken, and they deserve enormous credit forputting principle ahead of politics.”

"Fannie and Freddie alone did not cause the financial problems. They provided the mortgages, AIG insured it, Goldman packaged it and sold it on the open market. It was combination of factors and of course you can blame the democrats and republicans in complacency."

You're forgetting the one single event that actually WAS responsible for all of the above listed "dominoes" to fall. Not suprisingly, it was not any one economic mistake, made by any of the big players.
It was a POLITICAL decision made by the FEDERAL GOVERNMENT. Yet again, history proves that whenever a government interferes with the normal market forces of supply and demand bad things happen.
The name of this particular "bad thing" is CRA. Also known as "Community Reinvestment Act". Signed into law by Carter administration. Expanded by Clinton administration. And ignored and allowed to fester out of control by Bush administration.

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Новые фотки - у дочери на дне рождения. 16 лет. Very BIG DEAL !!!

I know this isn't the first time I'm posting this, but some amongst us just refuse to accept facts.
" Just the idea that a lending crisis created from 2004 to 2007 was caused by a 1977 law is silly. But it’s even more ridiculous when you consider that most subprime loans were made by firms that aren’t subject to the CRA. University of Michigan law professor Michael Barr testified back in February before the House Committee on Financial Services that 50% of subprime loans were made by mortgage service companies not subject comprehensive federal supervision and another 30% were made by affiliates of banks or thrifts which are not subject to routine supervision or examinations. As former Fed Governor Ned Gramlich said in an August, 2007, speech shortly before he passed away: “In the subprime market where we badly need supervision, a majority of loans are made with very little supervision. It is like a city with a murder law, but no cops on the beat.” "