HOUSING CRISIS
Linden has posted several recent items concerned with the current housing/finance crisis within which he attributed the problems to various members of the democrat party. He was pleased to read today that Mike Pence R-IN is more than a little nervous about allowing those responsible for this fiasco to have management of “the solution”.
With thanks to World Net Daily and author Drew Zahn for the following. It started as follows:
“Guess again who’s to blame for U.S. mortgage meltdown
Analysts point not to greed, but to social activist politics"
The end of the article is as follows:
"The study, however, came under brutal attack in the U.S. Congress and was ridiculed with charges of racism.
A few years later, when Greg Mankiw, chairman of President Bush's Council of Economic Advisers, voiced a warning about weakened underwriting standards, Congress rebuffed him as well.
The Wall Street Journal quoted Congressman Barney Frank, D-Mass., in 2003 as criticizing Greg Mankiw "because he is worried about the tiny little matter of safety and soundness rather than 'concern about housing.'"Frank, chairman of the House Financial Services Committee, rejected a Bush administration and Congressional Republican plan for regulating the mortgage industry in 2003, saying, "These two entities – Fannie Mae and Freddie Mac – are not facing any kind of financial crisis." According to a New York Times article, Frank added, "The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."
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LINDEN'S COMPOSITIONS:
Linden’s first CD “Songs A Poor Old Police Department Retiree Might Write While Waiting For His Meager Pension Check” is now ready for purchase as are the six books he has written and/or published. Plainfield area sales at Secondhand Stories in the strip mall at Raceway & Rockville roads. Online, go to addresses below and inquire on “Linden Swift”.
http://stores.ebay.com/secondhand-stories
www.alibris.com/bookstore/secondha
DONATIONS to support postings, are appreciated but not necessary, may be made to Linden Swift, Box 203, Plainfield, IN 46168
COMMENTS: Only those sent to LWDcomment@aol.com are received.
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With thanks to World Net Daily and author Drew Zahn for the following. It started as follows:
“Guess again who’s to blame for U.S. mortgage meltdown
Analysts point not to greed, but to social activist politics"
The end of the article is as follows:
"The study, however, came under brutal attack in the U.S. Congress and was ridiculed with charges of racism.
A few years later, when Greg Mankiw, chairman of President Bush's Council of Economic Advisers, voiced a warning about weakened underwriting standards, Congress rebuffed him as well.
The Wall Street Journal quoted Congressman Barney Frank, D-Mass., in 2003 as criticizing Greg Mankiw "because he is worried about the tiny little matter of safety and soundness rather than 'concern about housing.'"Frank, chairman of the House Financial Services Committee, rejected a Bush administration and Congressional Republican plan for regulating the mortgage industry in 2003, saying, "These two entities – Fannie Mae and Freddie Mac – are not facing any kind of financial crisis." According to a New York Times article, Frank added, "The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."
-----
LINDEN'S COMPOSITIONS:
Linden’s first CD “Songs A Poor Old Police Department Retiree Might Write While Waiting For His Meager Pension Check” is now ready for purchase as are the six books he has written and/or published. Plainfield area sales at Secondhand Stories in the strip mall at Raceway & Rockville roads. Online, go to addresses below and inquire on “Linden Swift”.
http://stores.ebay.com/secondhand-stories
www.alibris.com/bookstore/secondha
DONATIONS to support postings, are appreciated but not necessary, may be made to Linden Swift, Box 203, Plainfield, IN 46168
COMMENTS: Only those sent to LWDcomment@aol.com are received.
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posted by Linden at
3:52 AM
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