Tuesday, April 20, 2010
Remember the Mortgage Crisis? It's Still Here
Here's an article in the Wall Street Journal today that reminds us of how we got into the mortgage crisis. I recognize who was president in 2005 and who had the majority in the Senate, but it's also important to see who supported and who opposed what. We don't want to get into revisionist history, which the White House right now would really like you to do. Then Senator Obama opposed regulation of the home loan industry, Fannie Mae and Fannie Mac. He received the third highest amount of contributions from these sources. He was influenced by special interests. This article will help you remember.