Quote:
|
Originally Posted by dellinger63
You think the housing collapse had nothing to do with the market? The fact Fannie May was handing out loans based on HOPE they would be paid back? The fact republicans tried to sound the alarm only to be called racist by the likes of Maxine Waters and Barney Frank? Yea it was all George....LMAO
|
Fome Wikipedia - Maxine Waters
Stock Ownership of OneUnited Bank
Miss Waters arranged meetings with U.S. Treasury Department officials (in September, 2008) for OneUnited Bank to plead for federal cash. It had been heavily invested in Freddie Mac and Fannie Mae, and its capital was "all but wiped out" after the U.S. government took them over. Her husband is a stockholder (more than $250,000 as of May 2008) and former director of the bank. The bank's executives were major contributors to her campaigns. Rep. Barney Frank counseled her against participating in the matter. The bank has its headquarters in Boston, Massachusetts, and offices in Los Angeles and Miami. It did secure $12 million in TARP money
Dell - even barney frank knew this stunk