The Fannie Mae Meltdown

iVillage Member
Registered: 10-19-2004
The Fannie Mae Meltdown
2
Sun, 09-28-2008 - 3:13pm

This video summarizes how the economic meltdown resulted


 


http://www.youtube.com/watch?v=H5tZc8oH--o

iVillage Member
Registered: 10-25-2006
Sun, 09-28-2008 - 4:07pm

That video has already been posted in another thread on this board and it's all wrong.

The CRA only has oversight over insured banks and thrifts. It was the bigger mortgage lenders and investment banks that got carried away to create the huge mess we have. CRA has no authority over them.

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http://www.pnhp.org/news/2009/october/meet_the_new_health_.php

http://www.youtube.com/watch?v=DQTBYQlQ7yM

iVillage Member
Registered: 11-11-1999
Sun, 09-28-2008 - 4:12pm

I'm on dial up so I can't watch that youtube, but I know

dablacksox


Cynic: a blackguard whose faulty vision sees things as they are, not as they ought to be.---Ambrose Bierce, The Devil's Dictionary.