Search the FOX Nation
Federal Gov Real Culprit in Economic Crisis, Report Finds
Fannie Mae and Freddie Mac were the chief culprits in the housing crisis because they encouraged people who could not afford payments to borrow money, according to a congressional report released Tuesday. The claims in the report have long been advanced by conservatives, who argue that the Community Reinvestment Act and other federal programs fed the housing bubble that burst in 2007 and led to the economic downfall in 2008.
Featured Talent
.jpg "Michael Goodwin")
On FOX News Channel
Follow Fox Nation
FOX Forum Posts
- Reagan Still Points the Way for Republicans
- Why Ayn Rand Still Resonates
- What Are You Most Thankful For?
- Thanksgiving: The Great American Brand
- Giving Thanks for the Cranberry -- Our Forgotten Holiday Star
- A New Black Friday Tradition
- Reporter's Journal: Memory of Mumbai Terror Overshadows Day of Thanks
- Back From Sudan and More Grateful Than Ever On Thanksgiving
- An Expectant Father's Recipe for Thanksgiving Peace
- The Thanksgiving Code: Five Hidden Symbols of America's Holiday
Most Talked About
- What Really Happened in the Tiger Woods Car Crash?
- Climate Change Data Dumped: How Huge Is This Scandal?
- DOJ Says ACORN Will Keep Getting Federal Money
- 'Global Warming Could Make Some Places Colder'
- No. 1 NYT Bestseller
- 10 More Uranium Plants, Iran Thumbs Nose at Obama
- Judge Bans Christmas Carols at Public Schools
- Dems In Revolt Over Afghanistan Troop Surge
- McCartney Urges Meat-Free Day to Cut CO2
- Recovery.con?
Real American Stories
FOX Fan
Thank You for Your Submission!
OKTom
You think? Some of us, who paid attentino, have known this for quite some time.
Preacher
The headline says it all.
The picture makes one want to throw up.
This man (?) is a disgrace to humanity.
Abisnana
We need to act (within the law). We type brilliant(?) little quips. But what we need to do is contact our elected reps. and let them know that they hold their positions at our pleasure. Watch this http://912dc.org/2009/07/july-4th-dc-tea-party-video/
Gatorbabe
The sight of this guy makes me just want to VOMIT!! Who is resonsible for voting him in office again and again??!!! Please STOP IT!!!
Preacher
Intelligent is lacking in some areas of this country.
andy mackerel
"Report Finds"? Only a report from partisan Republicans, by way of CNS News and the Heritage Foundation.
DESTROY THE LEFT
Congressional report, nothing leaves by Republican edict. It's another distortion by leftists to say conservatives are the source.
Brenda
Andy: Watch this video and then make that statement again
http://www.youtube.com/watch?v=_MGT_cSi7Rs
Sam Damon
We needed a study to know this? I knew that last summer when the melt down started.
Why isnt Franklin Raines in jail again?
Recon
"AMERICA'S Most WANTED"!!..........Crime - 15.7M Unemployment
The ONE, CONGRESS, 8 Rep. Traitors , CZARS.
Lock and load.. time to cross the line of departure!! .....PALIN Unshackled!!
ETHICS complaints, ATTY........ Press Release, 7/04/09, link.
http://www.conservatives4palin.com/
Semper Fi
Do tell,,,and our buddy Barney was one of them that encouraged the act. course he denies it now. Barney should be doing a perp walk.
Liberty
Barnery, Leave OUR MONEY ALONE, IT IS NOT YOURS.....
Recon
Double STANDARD Elitist......hoping her message rings LOUD & Clear.
"AMERICA'S Most WANTED"!!
The One, CONGRESS, 8 Rep. Traitors,CZARS.
USA will NO longer Tolerate Lies & DECEPTION ......"Slick Elitist Politicians.
AMERICA doesn't need another politician, it needs a leader!
Palin is the embodiment of the American spirit
Time to get rid of the status quo.
Lock and load.. time to cross the line of departure!!
mzlilydale
Fannie and Freddie and Franks are to blame!!! I call them the 3 F's!
Toomuchspin
Bawney Fwanke and Chwis Dodd are innocent. Innocent I tell you!! It's all Bush's fault the economy imploded. Fwanke and Dodd inherited it. It was Wall Street's fault. Fweddie Mac and Fannie Mae were victims just trying to help people who couldn't pay for a home own one. What's wwong with that?
Toomuchspin
Bawney Fwanke and Chwis Dodd are innocent. Innocent I tell you!! It's all Bush's fault the economy imploded. Fwanke and Dodd inherited it. It was Wall Street's fault. Fweddie Mac and Fannie Mae were victims just trying to help people who couldn't pay for a home own one. What's wwong with that?
Mx
Barney parney pooh wants to do it again.
gunrunner
Barney needs to be brought up on charges of fraud and corruption. It happened on his watch, but like all liberals, he blames the previous admin.
Scott - CO
Well --DUH!!!!!!!!!
MONTANABORN
Good thing our non-representatives don't read, otherwise they might think they may have had something to do with the mess we are in. I'm sure Barney and Dodd are in denial. The real culprit behind this whole mess goes back to the Carter admin. Yeh , Jimmy was involved, but, it was BHO who sued Citibank (while working for ACORN) for not giving loans to people who could not repay them or redlining. As it turns out this economic disaster has been "in the works" for quite some time....anybody catching a glimpse of the big picture?
Brenda
Barney Frank and Maxine Waters, in their own words. Their theory was to beat up on the regulator. Eye opening, http://www.youtube.com/watch?v=_MGT_cSi7Rs
Why are these people not held accountable?
CRACK IS WHACK
no kidding.whats the deal with bear sterns and lehman.were they forced to leverage cmo mbs and cdo.how come derivatives havnt been outlawed>instead the government is doubling down with carbon credits..this is a big mistake if we are going to have markets which speculators can come in and inflate the price of energy..its a national security blunder.
puckerup America
Tell us something we didn't already know!
nom de plume
i wonder how much this report cost??????????????????? this is like telling you need a drink when you are thirsty. you need a 500 million dollar study for that one.... this is why we have such rocket scientists like Barny frank and reed, pelosi in the Senate and House. wow what would the the country be like without them????????? viva bevis and butthead for congress
Haggardoldgeez
It's sad to say , but BEVIS & BUTTHEAD could do a better job than the YAAHOOS in congress are doing !!!!!!!!!!!!
2010 - NEW CONGRESS
2012 - A REAL PRESIDENT
nom de plume
i wonder how much this report cost??????????????????? this is like telling you need a drink when you are thirsty. you need a 500 million dollar study for that one.... this is why we have such rocket scientists like Barny frank and reed, pelosi in the Senate and House. wow what would the the country be like without them????????? viva bevis and butthead for congress
Essex Class
Congress knew that at least two years ago and still they backed the light-loafer Frank and his bunkie, Dodd. Isn't time to put those two in jail? They're worthless on the out side. At least they could make license plates on the inside.
Garry
Truth will set you free, lies keep you elected to congress.
be
Don't forget that BHO said he would make campaign appearances for Dodd!
amer-I-CAN
Oust them h ell! They need to go to jail! Including Frank Raines, Charles Wrangle, Dodd, Maxine Waters and Obambalam!
fedupinWi
Would you like to get most of the facts? WATCH CNBC HOUSE of CARDS Very informative two hour explaination on who and WHY. Please look for it usually on weekends and evenings. CNBC
MONTANABORN
Kinda makes Berny Madoff look like a piker, compared to what Barney Frank, Chris Dodd and the rest of criminals in Washington have done.
Bob from Missouri
That only confirms what most critics thought in the first place. The government , both Republicans and Democrats blew this one! Barney Frank and Sen. Dodd are particularly to blame. But it DID start under Clinton.
Texasgl
Don't you remember McCain showing a letter a bunch of Congress men wanted to push threw a bunch of new law's ??? 7 out of 9 Repub's were voted out of office in 05, funded by Fann and Fred.
cowgirl81
Pelosi will come to the rescue and not allow Frank to be investigated like she has done with others.
fedupinWi
you are 100% right
Hendrix
Not a problem.. Barney will baby talk his way out of this..
Alban
No one will be indicted or even investigated. This is no surprise. It all comes down again to government greed and crooked politicians like Frank. You bleeding heart liberal will just keep voting them back in. To hell with them all.
National Guard Mom
Time for Barney and Dodd to take a hike. And to think that Barney wants the banks to lower the standard again. What a joke. VOTE THEM ALL OUT
d
Agreed, any and all Politicians who are within the corruption of all parties. There will be very few left in DC, but it needs to be done. It IS Government who IS the PROBLEM.
Wake Up People
Macomb
In this new America the truth is held to be a casualty that interferes with the primary goal of the new government. The ends justify the means regardless of the means used. If history and facts disagree with the agenda simply ignore or rewrite them. Unfortunately, there are far to many Americans who simply do not care about what is true only what is in it for them and they will be in for a rude awakening.
DRL24
Most Americans have to out and make money for BO to spend. By the time the day is over they're exhausted and want to be with their families.
Sharon
Some of us with open eyes and actual thinking brains already knew that tidbit of info! Funny how many still believe it was all Bush's fault!
DESTROY THE LEFT
Which has been known since the campaign, but ignored and lied about by the Dems.
prosit
OUT!!!! EVERY STINKIN ONE!!!. By vote and if necessary by force. America cannot stand as a great nation when managed by incompetents. They may find there are still real Americans left out here if they keep harming us this way.
BOSMAN
BWARNEY will explain it this way, "Sure 95% of these people walked couldn't afford these loans and walked away. But what about the 5% who didn't. If it wasn't for my hard work, These people would have never gotten a loan"!
ROBERT D.
My God how many montths before the truth? If only everyone in the country could read the artical.
Marine Vet MO
BARNEY FRANKS AND CHRIS DODDS SHOULD BE IN JAIL AS THEY CAUSED THIS MESS.
spagetti jimmy
The vast majority of the democrat party are progressives, whose
philosophy closely resembles BO's . They believe that this time they may
have found the leader who can make their vision come to fruition , and
the huge network of single issue groups, and unions, are being used to
funnel money, influence elections, destroy our values, and advance the
progressive agenda. It is a cooperative effort, aided by the progressive
media. These guys are smart, but Pelosi, Reid, and BO have moved too fast,
and have overestimated the American peoples tolerance.
Special Forces (Ret)
Well, "DUH" !