Quote Originally Posted by Devils Horse View Post
Wrong as usual.

Barney Frank and affirmative action were huge factors. Read the whole article. Mr. Frank insisted Fannie and Freddie were in groovy shape back when the Bush admin was trying for tighter regulations.

Frank's fingerprints are all over the financial fiasco - The Boston Globe
Just in today! Bank of America to spend 10 Billion $$$$ to settle mortgage claims steming from their purchase of Countrywide Mortgage Co. They will purchase back loans they sold to the government that did not meet standards at the time of origination (in otherwords risky loans not properly written).

How is this wrong as usual??