The huge God awful cost of "Kissing the Black Ass"

Fannie Mae = Social Engineering Cluster ****
Reminds me of the FAA and our out of control "Guvment"

New York Times 1999

http://query.nytimes.com/gst/fullpag...=&pagewanted=1

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.


BARNEY FRANK HAS LOST HIS MARBLES

This comment from Barney Frank managed to slip under the radar ... until
now. Slowly but surely, Republicans are growing the globes to criticize
the Democrat party for its role in the mortgage crisis ... the fact that
it was the Clinton administration that pushed for subprime loans through
the Community Reinvestment Act; the fact that Barney Frank was sleeping
with a Fannie Mae executive while pushing Congress to deregulate Fannie
Mae; the fact that it was Democrats in 2005 who voted against reform of
Fannie Mae and Freddie Mac in a party-line vote.

On Monday, Barney Frank said that Republicans are motivated by race in
their "veiled attack on the poor." Just gage me ... there's that race
thing again. Barney is trying to make you believe that the only reason
the Republicans are pointing fingers at the Democrats is because the
"GOP is appealing to its base." He can't actually refute the charges, so
he pulls the race card.

Here's what Barney Frank said, "They get to take things out on poor
people ... Let's be honest: The fact that some of the poor people are
black doesn't hurt them either, from their standpoint. This is an
effort, I believe, to appeal to a kind of anger in people."