REPORTING FOR DUTY
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Jun
24
Barney Frank Tells Fannie And Freddie To LOWER Lending Standards! America Has Not Yet Hit Bottom!
June 24, 2009 | 4 Comments
Barney Frank has written a letter to Fannie Mae and Freddie Mac, urging them to LOWER their lending requirements for condos buyers!
You read that right. After two years of telling us how lax lending standards drove up the market and led to loans that should never have been made, Mr. Frank wants Fannie and Freddie to take more risk in condo developments with high percentages of unsold units, high delinquency rates or high concentrations of ownership within the development. [LINK]
Evil greedy bankers were just doing what they were told. They are being told to do it again. America has not yet hit bottom.
Comments
4 Comments so far
God Does it never stop. Vote these idiots OUT!!
Ok voters go for the other Barney. You know the purple one. Gotta be smarter than this one.
these same dolts that screwed it all up in the first place are now insisting that they be the ones to fix it. & with what? exactly more of the same!
“well, maybe so, but at least those eeeevil republicans aren’t in control….”
I’ve quoted your post and placed a link to it in the Jeremiah Films Achieve for the US Congress