Friday, February 6, 2009

Fannie and Freddie mess? Blame the Democrats

The list is long and has all the details. It's a real eye opener.
Rees

Guest essay: Fannie and Freddie mess? Blame the Democrats
By JOHN H. PILLA
from the website www.publicopiniononline.com

Capitalism worked well until the government began to limit free markets by forcing the Government Sponsored Enterprises called Fannie Mae and Freddie Mac to make loans to those not worthy of receiving home mortgages (subprime mortgages).

The markets did fine until these actions were undertaken by Democratic administrations.

Here is a list of key events:
Click to read article

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