Comments on: Democrats blocked reform of Freddie and Fannie; Received most money from Freddie and Fannie

By: Marty

Marty — Mon, 06 Oct 2008 01:50:23 +0000

I hear what you’re saying, but am finding that “greed” is frequently being used as a safe and anonymous scapegoat. Blaming “greed” itself a useless excercise. I’d like to know the names of the greedy people who are actually to blame.

By: concerned

concerned — Sun, 05 Oct 2008 20:48:47 +0000

Marty,
The greed aspect of this is wanting the increase to continue at an unsustainable level while some are being used unfairly to maintain this increase.

By: Marty

Marty — Sun, 05 Oct 2008 17:14:06 +0000

Greed: Hoping the mutual funds in your 401k increase, not decrease in value, and the companies contained therin doing everything legally possible to accomdate your wishes.
Yep. It’s all my fault. Me and my greedy $24,000 401k.

By: Genna

Genna — Sun, 05 Oct 2008 05:36:47 +0000

Let’s face it; the blame rests with many. When someone makes $30,000, annually, they should know that they can’t afford to buy a $300,000 home. When you lie about your income or assets on a loan application, it’s not the fault of Congress. When people charge extravagant items on their credit cards that they can’t afford to pay, it’s not the fault of Congress. However, the Repubs could have pushed regulatory legislation through if they thought this was a very sever eproblem. And Dems could have agreed with their proposed legislation. But, in light of the fact that the Repubs controlled Congress for years before the Dems took over 18 months ago, I have to say that to blame Democrats for this fiasco is simply unfair.

By: mary

mary — Sun, 28 Sep 2008 23:37:53 +0000

I was hoping that people would pcik up on some of the nuances that created this mess – so as to avoid it. But if greed is the part you understood, that’s good, too.