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Need Proof Fannie and Freddie didn't cause the financial meltdown?

Here it is: http://www.ritholtz.com/blog/2011/07/why-wallison-is-wrong-about-the-genesis-of-the-u-s-housing-crisis/ Nice quote. Note the references to REPUBLICAN lawmakers. "Wallison [blamed F&F for the meltdown], of course, wrote a lonely dissent from both the Financial Crisis Inquiry Commission majority report and from his fellow Republican commissioners, in which he alone blamed the global financial crisis on U.S. affordable housing policies. This argument is clearly contradicted by the facts, including the following: • Parallel bubble-bust cycles occurred outside of the residential housing markets (for example, in commercial real estate and consumer credit). • Parallel financial crises struck other countries, which did not have analogous affordable housing policies • The U.S. government’s market share of home mortgages was actually declining precipitously during the housing bubble of the 2000s. These facts are irrefutable." Apparently, some cannot read and respond to facts. Just change the subject and hope no one notices.

Public Comments

1. That's just great! How about proof that Obama is a natural born citizen?
2. an elected media helps and you are correct after 1974 oil crisis financial centres in local public cooperatives. local faermers better than goverment . voting fr them brings end to it. local environmentalists bring end to it . the orwellian news speak ends with election of the media. yes like alex jones say answer to 1984 is is 1776 and to further that yabasic google computer program for u.s.a. constitution.
3. Clinton signed the bill enacting easy mortgage loans for people. In part because groups like SEIU used fear tactics to get what they wanted. Unions, Bill Clinton, Barney Frank. When the easy loan getters couldn't pay...catastrophe. Fannie and Freddie were part of the problem.
4. It wont make a bit of difference...They believe whatever they are told by the right wing nuts.
5. You take the lying words of fascist-progressives on the payroll of these corrupt government propped organizations? You truly are a koolaid drinker. They act like Hitler or Stalin saying, "we didn't kill any Jews... that's just a conservative conspiracy"... ...do you realize how insane that makes you look to non-brainwashed people?