http://blog.heritage.org/2008/10/17/fannie-freddie-and-the-center-for-american-progress/ Tue, 14 Feb 2012 19:53:39 +0000 hourly 1 http://wordpress.org/?v=3.3 http://blog.heritage.org/2008/10/17/fannie-freddie-and-the-center-for-american-progress/#comment-7242 Richard Stithem - Sa Sun, 19 Oct 2008 14:10:14 +0000 http://www.foundry.org/2008/10/17/fannie-freddie-and-the-center-for-american-progress/#comment-7242 Speaking of leaving things out, the author fails to mention President Bush's America's Home Ownership Challenge" which he signed into law in 2003, which made a point of providing loans to people without down payments. Also left out is that Fannie Mae and Freddie Mac were expanding their purchase of subprime loans as a direct consequence of this push by the White House. A push that included a letter from Administration officials which threatened to withdraw the agencies charters if they did not buy more subprime loans. Are you interested in a full and fair discussion of the subprime mess, or just spinning the details to tar selected parts of the government? Speaking of leaving things out, the author fails to mention President Bush's America's Home Ownership Challenge" which he signed into law in 2003, which made a point of providing loans to people without down payments. Also left out is that Fannie Mae and Freddie Mac were expanding their purchase of subprime loans as a direct consequence of this push by the White House. A push that included a letter from Administration officials which threatened to withdraw the agencies charters if they did not buy more subprime loans. Are you interested in a full and fair discussion of the subprime mess, or just spinning the details to tar selected parts of the government?

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