It’s 1999 and President Bill Clinton is pushing Fannie Mae to encourage banks to extend credit to those who do not deserve it. Franklin Raines, the head of Fannie Mae, is more than willing to comply. Fast-forward to 2008, where Fannie Mae and Freddie Mac have essentially been taken over by the federal government and [...]
Posts Tagged ‘government bailout’
1999: Iceberg Ahead
Posted by BobG on September 26th, 2008
Standing on Principle
Posted by BobG on September 26th, 2008
“We do not support government bailouts of private institutions. Government interference in the markets exacerbates problems in the marketplace and causes the free market to take longer to correct itself. We believe in the free market as the best tool to sustained prosperity and opportunity for all.” So says the GOP 2008 Platform. We will [...]
How We Got Here
Posted by BobG on September 23rd, 2008
Fox News’ Jim Angle provides a straightforward account of how we arrived at the day where we contemplate the biggest bailout in U.S. history. Brit Hume | Special Report – FOXNews.com
Posted in Politics & Government 
Tags: fannie mae, financial crisis, fox news, freddie mac, government bailout 
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