READ IT: Trump Confirms He Was Shot in First Statement Since Assassination Attempt
Only One Question Remains Concerning Trump's Assassination Attempt
FBI Identifies Trump's Would-Be Assassin
CBS News Reporter Said Doing This Is 'Unpatriotic' Following Trump's Assassination Attempt
If True, DHS Secretary Mayorkas Must Answer This Question After Trump's Assassination Atte...
The Latest: Authorities Hold First Press Conference on Attempted Trump Assassination
Joe Biden’s Hospice Presidency
A Quick Bible Study Vol. 225: Psalm Summer - Part 2
Please, Please, Please, We Must All Tone Things Down
Are We Making Progress?
Climate Surcharges: Coming Soon to an Airport Near You?
The United States Has Become an Irresponsible, Debt-Addicted Nation
Drug Discount Program Big Pharma Hates Is Vital to Older, Rural Americans
Flashback: J6 Chairman Bennie Thomspon Proposed Revoking Donald Trump's Secret Service Pro...
Flashback: Tucker Carlson Said We Were 'Speeding Towards' an Attack on Trump's Life
Tipsheet

Don't Let 'Em Forget This ...

We should not allow anyone to forget this NYT column from September 30, 1999.  Here's an excerpt: 

"In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.

... Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits."

Advertisement

So it wasn't that we needed more government regulation to prevent this crisis.  Instead, this crisis was caused by government forcing these entities to make subprime loans to people who couldn't afford them... 

So government's not the solution -- it's the problem!

Sponsored

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement