Comments on: Did the Democrats play a significant role in the current financial crisis? http://sistertoldjah.com/archives/2008/10/03/did-the-democrats-play-a-significant-role/ Don't dis or dismiss this miss! Sat, 21 Nov 2009 23:28:30 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: TomStPaul http://sistertoldjah.com/archives/2008/10/03/did-the-democrats-play-a-significant-role/comment-page-1/#comment-750261 TomStPaul Sun, 05 Oct 2008 21:34:04 +0000 http://sistertoldjah.com/?p=7302#comment-750261 It is too simplistic to pin the financial crisis on Fannie and Freddie. There is lots to fault in the behavior of Fannie and Freddie and in government oversight of them - the decisions of management, the lobbying efforts that were funded by their ability to extract a premium from the implicit government guarantee - all of this was a big problem. However, as the Lawson opinion article itself points out, only half the loans were ultimately gauranteed by Fannie/Freddie and these weren't even the riskiest half. Too much liquidity in the market and lack of effective regulation caused the housing bubble. This bubble would have happened (but may have been smaller) even without the existence of Fannie/Freddie. As far as the political game of which side is collecting more lobbying dollars from Fannie/Freddie, it is fair to say that whomever was in the current position to influence decisions that would impact Fannie/Freddie was going to get the poliical contributions from them. This includes Dems and Reps. No different for most lobbyists, actually. It is too simplistic to pin the financial crisis on Fannie and Freddie. There is lots to fault in the behavior of Fannie and Freddie and in government oversight of them – the decisions of management, the lobbying efforts that were funded by their ability to extract a premium from the implicit government guarantee – all of this was a big problem. However, as the Lawson opinion article itself points out, only half the loans were ultimately gauranteed by Fannie/Freddie and these weren’t even the riskiest half. Too much liquidity in the market and lack of effective regulation caused the housing bubble. This bubble would have happened (but may have been smaller) even without the existence of Fannie/Freddie.
As far as the political game of which side is collecting more lobbying dollars from Fannie/Freddie, it is fair to say that whomever was in the current position to influence decisions that would impact Fannie/Freddie was going to get the poliical contributions from them. This includes Dems and Reps. No different for most lobbyists, actually.

]]> By: Public Secrets http://sistertoldjah.com/archives/2008/10/03/did-the-democrats-play-a-significant-role/comment-page-1/#comment-750192 Public Secrets Sat, 04 Oct 2008 02:21:59 +0000 http://sistertoldjah.com/?p=7302#comment-750192 <strong>Setting the record straight...</strong> The Democrats are desperately trying to spin the recent financial crisis as a result of the evil of deregulation -- after all, free markets are bad things. Obama has made it a centerpiece of his critique of the crisis and... Setting the record straight…

The Democrats are desperately trying to spin the recent financial crisis as a result of the evil of deregulation — after all, free markets are bad things. Obama has made it a centerpiece of his critique of the crisis and…

]]> By: greg http://sistertoldjah.com/archives/2008/10/03/did-the-democrats-play-a-significant-role/comment-page-1/#comment-750160 greg Fri, 03 Oct 2008 16:20:31 +0000 http://sistertoldjah.com/?p=7302#comment-750160 I've also assumed that McCain is waiting for the bailout to pass to respond to the Dodds' and Franks' who are attempting to pass this off as a Republican problem. I hope once it's passed he'll let loose and remind everyone what got us here. Congratulations on 5 years. It's great to have one of my favorite bloggers here in my home town. I’ve also assumed that McCain is waiting for the bailout to pass to respond to the Dodds’ and Franks’ who are attempting to pass this off as a Republican problem.
I hope once it’s passed he’ll let loose and remind everyone what got us here.
Congratulations on 5 years. It’s great to have one of my favorite bloggers here in my home town.

]]> By: Sister Toldjah http://sistertoldjah.com/archives/2008/10/03/did-the-democrats-play-a-significant-role/comment-page-1/#comment-750153 Sister Toldjah Fri, 03 Oct 2008 15:02:38 +0000 http://sistertoldjah.com/?p=7302#comment-750153 Thanks, GWR! I had forgotten to put up a post about it up until a few minutes ago :D Thanks, GWR! I had forgotten to put up a post about it up until a few minutes ago :D

]]> By: Great White Rat http://sistertoldjah.com/archives/2008/10/03/did-the-democrats-play-a-significant-role/comment-page-1/#comment-750151 Great White Rat Fri, 03 Oct 2008 14:14:13 +0000 http://sistertoldjah.com/?p=7302#comment-750151 PARTY TIME!!! <:-p Our favorite blog turns five years old today...congrats, ST!! And here's to many more to come!! I'll bring the cake, but do <strong>not</strong> expect me to sing. :d <a href="http://sistertoldjah.com/archives/2003/10/03/the-rush-limbaugh-flapola/" rel="nofollow"><strong>The first post</strong></a> PARTY TIME!!! <:-p

Our favorite blog turns five years old today…congrats, ST!! And here’s to many more to come!!

I’ll bring the cake, but do not expect me to sing. :d

The first post

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