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<blockquote data-quote="island1fox" data-source="post: 896475" data-attributes="member: 4816">Jones,I have a difficult time believing you have read the book. Deregulation -yes a part --but the main villian Johnson the head of Fannie making deals with Chris Dodd to have legislation passed involving Insurance companies like AIG and Barney Franks lover rising to an executive level at Fannie while Barney crowed about how solid Fannie and Freddie were. On top of the Corruption it was Bill Clinton&#039;s big dream of Social Engineering that Johnson fed off from.You statements of banks begging to make these loans or what did Barney Frank have to do with it seem uniformed. Bottom line if the GOVERNMENT did not get involved in housing and social engineering and GSE&#039;S and full faith and backing of the government --Wall street could not have &quot;bundled &quot; what was not there.I am always looking to educate myself further and will get my hands on All the Devils are here.</blockquote>

[QUOTE="island1fox, post: 896475, member: 4816"] Jones, I have a difficult time believing you have read the book. Deregulation -yes a part --but the main villian Johnson the head of Fannie making deals with Chris Dodd to have legislation passed involving Insurance companies like AIG and Barney Franks lover rising to an executive level at Fannie while Barney crowed about how solid Fannie and Freddie were. On top of the Corruption it was Bill Clinton's big dream of Social Engineering that Johnson fed off from. You statements of banks begging to make these loans or what did Barney Frank have to do with it seem uniformed. Bottom line if the GOVERNMENT did not get involved in housing and social engineering and GSE'S and full faith and backing of the government --Wall street could not have "bundled " what was not there. I am always looking to educate myself further and will get my hands on All the Devils are here. [/QUOTE]

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