Its amazing how you C9ers believe everything you are sold by the right wing "word doctors". You all repeat the same garbage about the housing crisis as IF it was true and you have the true culprit, yet you all DONT KNOW JACK about the housing crisis.
Barney Frank was the best deflection that the GOP could come up with in order to redirect you away from the truth. As I tell many of you C9ers, dont let facts get in your way.
Lets examine the truth about the housing crisis ( and hopefully, this information wont be deleted again ) and take a look at the FACTS.
First, lets start with the B.S. and go on from there.
B.S. list:
1) Barney Frank instructed Fannie mae and Freddie mac to make loans to low income minorities.
2) Barney Frank instructed lenders to eliminate down payments
3) Barney Frank instructed lenders to eliminate income verification
4) Barney Frank instructed lenders to take buyers with bad credit
5) Barney Frank instructed lenders to build tons of homes
6) Barney Frank instructed lenders to make bad loans on over valued homes
This is ALL CRAP.
The answer lies with one man and his advisors. That MAN is George W. BUSH, and his staff aka Karl ROVE. All anybody has to do, is check out the White House archives for all the proof you need (aka TRP) I will provide the links for you to read. Now, how was BUSH responsible?
Thats easy, its called the HOME OWNERSHIP SOCIETY. Plain and simple. Listen to BUSH's own words, Watch this video completely, then read the BUSH white house outline of the home ownershp society.
Read and listen to how BUSH instructs Both fannie and freddie to make ALL the bad loans, listen to BUSH talk about making loans to low income minorities, Listen to BUSH talk about NO DOWNPAYMENTS, listen to BUSH talk about changing the mortage process to make it easier to make bad loans to people who otherwise couldnt afford a home. IF ANY of you are serious about learning the truth, listen and read what BUSH started and created in July 2002.
Listen to BUSH
Burning Down The House: (Karl Rove - Bush Version) - YouTube
White House archives
Fact Sheet: America's Ownership Society: Expanding Opportunities
Increasing Affordable Housing and Expanding Homeownership
President Calls for Expanding Opportunities to Home Ownership
President Calls on Senate to Pass American Dream Downpayment Act
President Reiterates Goal on Homeownership
President Bush Signs American Dream Downpayment Act of 2003
BUSH QUOTE:
Freddie Mac recently began 25 initiatives around the country to dismantle barriers and create greater opportunities for homeownership. One of the programs is designed to help deserving families who have bad credit histories to qualify for homeownership loans. Freddie Mac is also working with the Department of Defense to promote construction and financing for housing for men and women in the military.
President Hosts Conference on Minority Homeownership
Hopefully you have read all the material and LEARNED what caused the economic meltdown of our housing industry in this country and stop blaming Barney Frank. If you read all the material, and listened to BUSH himself, you should have discovered that everything that went wrong with the housing market can be traced DIRECTLY back to BUSH and BUSH alone.
But, if i know the C9, they will stay with the same BARNEY FRANK deception that they have embraced.
Peace.