8
03
2009
and stick to Fox News Channel. It’s amazing to me that even though the Clinton administration is almost singlehandedly responsible for the financial mess we’re in today because of
the pressure they put on Fannie Mae and Freddie Mac to expand mortgage loans to low and moderate income people in 1999, networks like CNBC never mention that kind of stuff. Instead, they support the filthy rich Wall Street crooks who blame George Bush for everything and use smoke and mirrors to shake down the American public.
Hello interesting article
The fact that Fannie and Freddie increase their purchases of mortgages for low-income and medium-income borrowers is one of the causes of the financial crisis.Thus banks gave lower-income families loans with mortgage payments that represent an unusually high percentage of a buyer’s income.
President Clinten agreed at that time the manager’s projects and America is currently suffering the consequences. I have also pointed ou that CNBC never mention that.That’s why CNBC has lost its credibility.
conservatives cried tears from heaven and helped push forward every single bank deregulation bill, clinton era or not. The problem now has more to do with securities regulation and the flow of credit than the actual mortgages … these ridiculous securities were thought to magically eliminate risk … without them, a subprime loan is a subprime loan, essentially a bad thing.
I’m an internet marketer in new orleans and i really wanted to start reading this blog but I hate when people mix business with politics and seeing your narrow-minded view detracts from the credibility of your blog.
By the way: CNBC is/has been powered by WSJ news and analysts… the same people that FOX PURCHASED… so minus Kavuto, what the hell is the difference between the two? CNBC is actually conservative is hell anyway so I don’t know what you’re complaining about.
@ 504guy
I’m sorry that you would think my view is narrow-minded because I’m open to other ideas. A blog post is only the start of a conversation, not the end of one, and I’ve never claimed to “know everything there is to know” about politics or internet marketing for that matter.
If you wish to start a discussion on credibility, I only have those discussions with people who comment using their real names and email addresses, so going back and forth with someone who posts a comment using a fake name and fake email address (butt@butt.com?!?!) seems futile.
If you don’t like my blog, you don’t have to read it. It is mine though, I own it, and I intend to keep posting whatever I feel like on it. Sorry to disappoint.
Chris Hartwell