Posted for WEBY

From Mike:

"What the Democrats and the mainstream press (my apologies for being redundant) won't tell you... This was published on September 30, 1999 during Clinton's presidency, so this is not a matter of hindsight being 20/20. This is critical to read and forward!!! Subprime Mortgage Mess: How it got started: read New York Times, Fannie Mae Eases Credit To Aid Mortgage Lending

And then it gets worse..... read this September 11, 2003, article about how the Bush Administration tried to prevent the mortgage meltdown and was stopped by the Democrats: New York Times, New Agency Proposed to Oversee Freddie Mac and Fannie Mae"

Comment from Professor NoBullBert:

"Mike gets a C for effort, and a D for understanding. Read my posts label Bailout, especially the following:

• More Proof That Republi-cons are at Fault for the Economic Mess

• Ya Get the Government Ya Want

• Don't Blame FDR and Carter for the Finanacial Mess and Bailout

• Who is to Blame for the Financial Mess"