Why does not President Bush do more to stop the mess of Fannie Mae and Freddie Mac?
It appears began in 1977 with President Carter existence of the act of redevelopment of the community. Then it was in the 1990s under the presidency of Clinton.Laut New York Times in September 1999 “Fannie Mae, the country’s largest insurer of mortgages, increasing pressure from the Clinton administration, on mortgages of low and middle income people and felt expand shareholder pressure must be phenomenal growth in profits. “Bush tried to do something great in September 1993 to problems with control of Fannie and Freddie, but has stopped the Republican Congress. Then, during his tenure, he has not done much to reach this chaos under control in order. He does not like a leader wanted to “take the bull by the horns.” To make it worse, politicians like Barney Frank contended that there was no problem with Fannie and Freddie.Sollte not Bush has played a major role to stop this mess? What do you think? I’m trying to better understand this problem.