Fannie Mae and Freddie Mac... Myths and Facts

[Peacetrain]

http://mediamatters.org/research/200810100022

Newsweek senior editor Daniel Gross wrote in an October 7 Slate commentary:

On the Republican side of Congress, in the right-wing financial media (which is to say the financial media), and in certain parts of the op-ed-o-sphere, there's a consensus emerging that the whole mess should be laid at the feet of Fannie Mae and Freddie Mac, the failed mortgage giants, and the Community Reinvestment Act, a law passed during the Carter administration. The CRA, which was amended in the 1990s and this decade, requires banks -- which had a long, distinguished history of not making loans to minorities -- to make more efforts to do so.

[Turbineguy]

1. Yes. We should not blame

those who mis-managed the operation and stole the money. We should blame the Poor.

The republicans are winning and will destroy America.

We could name the virus after Stalin.

[Peacetrain]

5. The constant attack on anything that the liberals have done ..

The attacks on ACORN were orchestrated...and Freddie and Fannie Mae is the cross hairs..

[berni_mccoy]

2. K&R

Freddie Mac/Fannie Mae have been attacked like ACORN was.

[Fire1]

3. K&R. n/t

[RoyGBiv]

4. K&R

[azmouse]

6. K&R