http://www.kbgressitt.com/2008/09/30/politics/the-bailout-diaries/ Thu, 09 Feb 2012 01:56:08 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.kbgressitt.com/2008/09/30/politics/the-bailout-diaries/comment-page-1/#comment-21 Jennifer De La Cruz Tue, 28 Oct 2008 23:23:02 +0000 http://www.kbgressitt.com/?p=327#comment-21 It seems not only that both PARTIES contributed to it, but both low-income and high-income people benefitted from sub-prime lending. Risky borrowers got loans and executives at Wall Street banks and trading houses got bonuses when they repackaged and sold sub-prime debts as attractive-looking investment vehicles. It seems not only that both PARTIES contributed to it, but both low-income and high-income people benefitted from sub-prime lending. Risky borrowers got loans and executives at Wall Street banks and trading houses got bonuses when they repackaged and sold sub-prime debts as attractive-looking investment vehicles.

]]> http://www.kbgressitt.com/2008/09/30/politics/the-bailout-diaries/comment-page-1/#comment-13 Kit-Bacon Wed, 01 Oct 2008 19:09:47 +0000 http://www.kbgressitt.com/?p=327#comment-13 Depends upon your news source, who’s at fault for the long, slow erosion of regulatory oversight. Both parties contributed to it; both need to fix it. Depends upon your news source, who’s at fault for the long, slow erosion of regulatory oversight. Both parties contributed to it; both need to fix it.

]]> http://www.kbgressitt.com/2008/09/30/politics/the-bailout-diaries/comment-page-1/#comment-11 Cara Carlson Wed, 01 Oct 2008 18:41:53 +0000 http://www.kbgressitt.com/?p=327#comment-11 What about the claim that Democratic Congressional leaders actually blocked reform legislation and swore up and down that Fannie Mae was doing great? I watched footage on the news of Republicans shouting back in 2004 that we needed to reign in the situation. They were met by protests that Republicans were out to get Frank Raines. My understanding is that banks were pressured to give loans to low income borrowers who could not really afford the housing and this was in large part the cause of the problem...? What about the claim that Democratic Congressional leaders actually blocked reform legislation and swore up and down that Fannie Mae was doing great? I watched footage on the news of Republicans shouting back in 2004 that we needed to reign in the situation. They were met by protests that Republicans were out to get Frank Raines. My understanding is that banks were pressured to give loans to low income borrowers who could not really afford the housing and this was in large part the cause of the problem…?

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