Republicans always blame Barney Frank for the mortgage meltdown, but never talk about it?

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In 2003, Bush signed into law American Dream Downpayment Initiative, which authorizes nearly $ 1 billion for the poor, help them buy homes who could not afford it. This law has billions of dollars in bad loans Hypothekenmarkt.http to: avoid / / archives.hud.gov/news/2003/pr03-140.cfmWarum So these Republicans like the plague?

7 Comments
  1. Reply
    Yep
    May 4, 2011 at 4:10 am

    You mean like when Jimmy carter signed the Community Reinvestment Act in 1977, forcing companies to lend to poor people despite bad credit?

    So we have established that over many decades, many presidents have wanted to increase homeownership by reducing mortgage discrimination and increasing lending. We have also established that George Bush was NOT a fiscal conservative

    but its nice of you to acknowledge that this is the government’s fault, just like we’ve been saying. Handing out $ 1 billion to poor people for housing…sounds a lot like welfare now doesnt it?

  2. Reply
    Nancy
    May 4, 2011 at 4:59 am

    HUSH NOW, why on earth would you expect them to all of a sudden deal with the truth?

    Shame on you.

  3. Reply
    Myx
    May 4, 2011 at 5:52 am

    So your saying Bawny Fwanks has done nothing wrong? I can guess your sexual orientation.

  4. Reply
    regerugged
    May 4, 2011 at 5:55 am

    Barney Frank and Chris Dodd, along with Democrats who have been propping up Fannie Mae and Freddie Mac, are clearly and solely responsible for the mortgage mess. History cannot be changed on this site.

  5. Reply
    James E Lewis AKA choteau
    May 4, 2011 at 6:02 am

    For the same reason they attack anyone who asks questions about the rest of the Republican Record. They know how badly their election chances will become eroded when their record is highlighted on the whole and in particular as your question does.

  6. Reply
    Suzanne
    May 4, 2011 at 6:21 am

    True. However, it was a Democrat Congress that put that bill together and announced it through the left wing liberal Democrat bias media. That’s why he signed it.

  7. Reply
    Flower
    May 4, 2011 at 6:26 am

    That is absolutely right. Barney Frank and other were pushing the ownership society that Bush talked about. He happened to be on the finance committee that approved the program. Republicans talk about whatever strikes a chord with their constituents even if they slander someone in the process. They are really heavy-handed in their tactics and much smarter than Democrats, who are like a deer caught in the headlights.

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