让每个人都有房住是民主党的理念。起源于克林顿时代。没人敢反对。

华儿街趁机起哄,反正最后国家收烂摊子。

华儿街给民主党献金很多。奥八收了不少黑金。

[ZT]
Alan Greenspan (never like him) and Robert Rubin (Clinton's treasury secretary) came up with the plan for de-regulation back in the late 1990's/2000. Fannie & Freddie were Democrat controlled institutions since their inception. Biden and his son worked to ease banking regulations for years. Mortgages were written that people could not afford, and they were designed by Freddie and Fannie. And all of this is lost because of the blame Bush mantra. Blame should go all around, not just to Bush (though he shares some). Franklin Raines (ex-Clinton aide) was put in charge of Fannie Mae in 1999, and when he was kicked out in 2005, he had received compensation totaling more than $100 million. Jamie Gorelick received compensation $75 million. Fannie had to pay a regulatory fine for bad accounting and taking on too much risk. All this was allowed to go unfettered by both Democrats (who were chief recipients of donations from Freddie and Fannie) and Republicans. This
is not just a Bush crisis, and some people here should acknowledge it. It is only right that an investigation be held into this, but it won't be for too many in Congress would be embarassed and possibly held to account. I thought Democrats were for accountability....but I guess that is only when it relates to the other party.

http://en.wikipedia.org/wiki/Franklin_Raines

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