Why does not President Bush do more to stop the mess of Fannie Mae and Freddie Mac?

Deal Score0

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.

  1. Reply
    MEL T
    May 4, 2011 at 12:28 am

    The President doesn’t have the authority to stop it that lies with the Congress’ oversight duties. Oversight by a committee headed by Democrat Chris Dodd. The President cannot just step in and take over jobs that are the responsibility of the Congress. Republican majority leader/speaker of the house should have done something though. That’s for darned sure.

  2. Reply
    May 4, 2011 at 1:09 am

    the short answer is he did..it was shot down. the real question is why did clinton implement the reinvestment act causing the conflict of interest that created the bubble? why did no president stop it after him? bush was on the tail end of it..much like people are saying obama is on the tail end. there is no research done as to when the problems started here unfortunately. the timeline start with clinton.. research it

    Leave a reply

    Register New Account
    Reset Password