I'm still neck deep in dialog with my conservative Republican friend who is continuing to carry the Republican mantra that the global fiscal crisis is solely due to the actions (pressure) from Barney Frank and Chris Dodd.
I have been debating this issue for a couple of days now. As a former politician I fail to see how two pols could have had this kind of power and influence left unchecked by the other side. If Barney Frank pressured the lender to make predatory loans to those who could not afford them, why did the Republicans not expose what was going on?
As I said to my friend, the directive to the bankers to cease red lining and not making loans to low to moderate income areas of the country was good policy. No one directed the bankers to make faulty, and in some cases illegal, loans.
You have any thoughts on who might be responsible?
This blog is to give you folks a little better understanding of the world through the eyes of an old Vermonter. We do things differently here. We live differently. We think differently. Just like you.
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Showing posts with label global meltdown. Show all posts
Showing posts with label global meltdown. Show all posts
Thursday, December 30, 2010
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