How Dems promoted the late, not so great housing crisis. Barney Frank, Chuck Schumer et al. Frank in effect made his own heck-of-a-job recommendation for Fannie & Freddie, making his that old battle cry of the truly irresponsible, affordable housing.
Gummint offered pie in sky before you die, and look what happened.
Taxpayer losses from the government seizure of failed housing finance giants Fannie Mae and Freddie Mac could reach nearly $400 billion, but likely won’t top that level as some had feared, the firms’ federal regulator said Wednesday.
Promise them anything, but give them — what? (Apologies to Arpege.)
Fannie & Freddie bought bad loans — heck, we can’t let bad things happen. Gummint is our big daddy, after all.
Hey, Daddy, I want a diamond ring, bracelets, everything
Daddy, you oughta get the best for me (scat)Hey, Daddy, gee, don’t I look swell in sables?
Clothes with Paris labels?
Daddy, you oughta get the best for me (scat)
. . . . .
Daddy, I want a brand new car, champagne, caviar
Daddy, you oughta get the best for me . . . .
Listen to Sammy Kaye: Here.
Blithe Spirit 