01 October 2008

HISTORY OF THE FINANCIAL CRISIS

From The New York Times in 1999: Fannie Mae Eases Credit To Aid Mortgage Lending “Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people...”
From the New York Post: Alarms and Denial
Bloomberg Financial News: “How the Democrats Created the Financial Crisis”
YouTube: Democrats in their own words
YouTube: Burning Down the House
YouTube: Obama Ranks Second In Freddie/Fannie Contributions
And a timely endorsement from the Boston Herald: McCain for president: A certain leader for uncertain times
White House: Three page Legislative Proposal for Treasury Authority to Purchase Mortgage-Related Assets
House of Representatives: 109 page LPTAPMR Discussion Draft
Contact President Bush
Contact your Senator
Contact your Representative
House and Senate switchboard: 202-224-3121

1 comment:

Unknown said...

The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics.

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