Larry Blanchard wrote:

On Wed, 24 Sep 2008 21:58:32 -0700, Mark & Juanita wrote:

Yep, despite the fact that the congress-critters like Barney Frank and
Chris "Country-wide" Dodd caused the problem by using Fannie Mae and
Freddie Mac as their own playground to essentially socialize the mortgage
market by setting standards so low that just about anybody could get a
loan to buy a house, these congress-critters are going to continue get
re-elected and now get even more taxpayer money to "manage" the bail-out
of the problem they caused.

And of course Phil Gramm couldn't possibly have had anything to do with
it. After all, John McCain relies on his advice. And we all know he
wouldn't associate with a crooked politician, would he?

It is debateable that the repeal of the Glass-Steigal act had anything to
do with this. After all, it really didn't matter whether brokerage houses
or banks were the ones getting this toxic waste from Freddie Mac and Fannie
Mae.

--
If you're going to be dumb, you better be tough