Re: A brief history of why the housing bubble burst.
- From: tuna <tuna2@xxxxxxxx>
- Date: Sat, 28 Aug 2010 08:57:07 -0700 (PDT)
Hy vo.ng ca'i ddie^`u na`y kho^ng xa?y ra. Chu+' bi. dda.i hoa.n kinh
te^' su.p ddo^? thi` scv'ers kho^ng co' tie^`n dde^? va`o internet nu
+~a. Lu'c ddo' pha?i ca^`n 1 ngu+o+`i tho^ng minh ho+n Al Gore dde^?
sa'ng che^' ra internet part 2 :-))))
http://finance.yahoo.com/family-home/article/110502/economist-shiller-sees-potential-for-double-dip-recession
ps: ho^`i na`o "Oai House" bi. ddu+a ra ba'n dda^'u gia' va^.y ????
tuna,
----------------
On Aug 27, 9:13 am, Mai Dao <maida...@xxxxxxxxx> wrote:
Newsweek vu+`a mo+'i ddu+o+.c ba'n co' $1 trong na(m nay. Ba'n xong
thi` ho. tuye^n bo^' la` se~ nga~ hoa`n toa`n ve^` left wing cho+'
kho^ng nga~ nghie^ng qua la.i nhu+ tru+o+'c nu+~a. Ba`i vie^'t cu?a
Newsweek di~ nhie^n dda so^' kho^ng ddu+o+.c trung thu+.c la('m vi`
co' "mu.c tie^u phe nho'm ro~ ra`ng". Tuy nhie^n ngu+o+`i ddo.c thi`
va^~n co' ddu? ca? DEM, REP, IND, TEA, ....
http://americanfreepress.net/html/newsweek_magazine_sold_232.html
http://www.newsweek.com/blogs/the-gaggle/2010/08/26/on-jobs-and-defic...
"Below is a brief history of why the housing bubble burst.
» 1977: Democrat Jimmy Carter signs the Community Reinvestment Act,
guaranteeing home loans to low-income families.
» 1999: Democrat Bill Clinton puts the CRA on steroids by pushing
Fannie Mae and Freddie Mac to increase the number of subprime loans.
» September 1999: The New York Times publishes an article headlined
"Fannie Mae Eases Credit to Aid Mortgage Lending," which warned of the
coming crisis due to lax lending policies of the Clinton
administration.
» 2003: The White House calls Fannie and Freddie a "systemic risk" and
the Republican Bush administration pushes Congress to enact new
regulations.
» 2003: Rep. Barney Frank, D-Mass., says Fannie and Freddie are "not
in a crisis," bashes Republicans for crying wolf and calls F&F
"financially sound." Democrats block Republican-sponsored regulation
legislation.
» 2005: Federal Reserve Chairman Alan Greenspan voices warning over
F&F accounting, saying, "We are placing the total financial system of
the future at a substantial risk."
» 2005: Sen. Charles Schumer, D-N.Y., says he thinks F&F "over the
years have done an incredibly good job and are an intrinsic part of
making America the best-housed people in the world."
» 2006: Sen. John McCain, R-Ariz., again calls for reform of the
regulatory structure that governs F&F.
» 2006: Democrats again block reform legislation.
» 2008: The housing market collapses; Democrats blame the
Republicans."
.
- References:
- A brief history of why the housing bubble burst.
- From: Mai Dao
- A brief history of why the housing bubble burst.
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