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The Housing Market In A Quick Bubble.


Guest Deisel
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“I don’t mind cleaning up the mess that some other folks made, that’s what I signed up to do”Barack Obama (D-IL), October 20, 2009

“I think that the responsibility that the Democrats had may rest more in resisting any efforts by Republicans in the Congress, or by me when I was President, to put some standards and tighten up a little on Fannie Mae and Freddie Mac.”Former President Bill Clinton (D-AR), September 25, 2008

Like a lot of my Democratic colleagues I was too slow to appreciate the recklessness of Fannie and Freddie. I defended their efforts to encourage affordable homeownership when in retrospect I should have heeded the concerns raised by their regulator in 2004. Frankly, I wish my Democratic colleagues would admit when it comes to Fannie and Freddie, we were wrong.”Congressman Artur Davis (D-AL) , September 30, 2008

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