Sma' Talk Wi' T

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Deregulaton: The Big Lie

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John Sexton and Scott Ragan with Verum Serum, my newly discovered Christian conservative blog favorite has the smoking gun on who’s actually responsible for the housing market crisis. Take a look:

Verum Serum (Verum, Latin for truth) lays out the following bullet points:

  • The current crisis was not caused by a deregulated “anything goes” market, but by liberal intervention in the market, i.e. forcing banks to make high-risk loans or face costly lawsuits.
  • Starting his first year in office, President Bush raised alarms about what was going on at Fannie Mae and Freddie Mac. He made a serious attempt at reform in 2003 which was rebuffed by Democrats who were angry that “safety and soundness” was being raised as an issue.
  • Barney Frank promised that, even if they were to fail, the government would not bail our Fannie and Freddie.

Read the rest of the bullet points and search the rest of Verum Serum’s excellent blog. You’ll learn so much! Send it to those friends and family members that just dont get the threat of Democrat election monopoly.


Written by smalltalkwitht

October 29, 2008 at 12:07 pm

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