Wednesday, October 1, 2008

Strange

Fannie Mae eases credit limits during Clinton's term? I thought it would have been Bush's fault. By the way if you hear someone ranting and raving about Bush and the current economic crisis ask them if they can define the following:

1) Community Redevelopment Act
2) The law noted in the article above (Thanks Don!)
3) Define a mortgage backed security
4) Define the mark to market accounting standard

If they can't they can't possibly have an enlightened opinion.

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