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Why the hate?
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<blockquote data-quote="vantexan" data-source="post: 1083521" data-attributes="member: 24302"><p>The Bush Administration warned Fannie Mae, Freddie Mac, and the banks that they were treading on thin ice making those loans. It was two powerful Democrat Congressmen who were putting pressure on the banks because they wanted people to have the chance to own a home, and the mortgage industry with contributions and perks made sure they pressured the banks. Again, a lot of blame to go around, some of the most idiotic decisions in the history of man. Considering the fallout a lot of people ought to be sitting in jail, including millions of adults who should have known better to accept a loan they couldn't afford, to those on Wall Street who tried to create new investments that were a house of cards, playing with our money.</p></blockquote><p></p>
[QUOTE="vantexan, post: 1083521, member: 24302"] The Bush Administration warned Fannie Mae, Freddie Mac, and the banks that they were treading on thin ice making those loans. It was two powerful Democrat Congressmen who were putting pressure on the banks because they wanted people to have the chance to own a home, and the mortgage industry with contributions and perks made sure they pressured the banks. Again, a lot of blame to go around, some of the most idiotic decisions in the history of man. Considering the fallout a lot of people ought to be sitting in jail, including millions of adults who should have known better to accept a loan they couldn't afford, to those on Wall Street who tried to create new investments that were a house of cards, playing with our money. [/QUOTE]
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