In response to:

Dodd-Frank: Pimps for Fannie and Freddie

Gerald246 Wrote: Sep 16, 2012 6:30 AM
I think when clinton said fennie , freddie would be backed by the goverment and the banks where forced to loan money to everybody almost with thought of there credit rateing was the cause of the whole calapes. b frank was in on that. Some saw it comeing but the othere like frank wouldnt listen so this is what we have. And since the gop chose a mod like romney we are going to have obambo for 4 more to make it worse
Chris from Kalifornia Wrote: Sep 16, 2012 8:57 AM
You really need to spell check your post before you hit the "post" button.
Billpm Wrote: Sep 16, 2012 9:42 AM
Let me take up for him. Yes using spell check is easy...but his point was valid.

This past Monday, I took part in a panel discussion about the financial crisis at the European Resource Bank in Brussels.

One of my main points was that people in private markets always make mistakes, but that this is a healthy and necessary process so long as there is a profit and loss feedback mechanism that encourages people to quickly learn when things go wrong (and also to reward them when they make wise decisions).

In the financial crisis, though, we saw the government interfere with this process. First, bad policies such as easy money from the Fed and

Related Tags: fannie and freddie