http://thedemocraticdaily.com/2008/11/07/does-abcs-brian-ross-have-it-in-for-obama/ Political News, Progressive Commentary, Liberal Opinions and Common Sense Conversation... Sat, 26 May 2012 16:39:06 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://thedemocraticdaily.com/2008/11/07/does-abcs-brian-ross-have-it-in-for-obama/comment-page-1/#comment-24142 Hart Williams Mon, 10 Nov 2008 01:18:25 +0000 http://thedemocraticdaily.com/?p=3840#comment-24142 I don't disagree, Darryl. And I think that we agree that Brian Ross' suspiciously-timed piece had doodley-squat to do with the realities of the meltdown but everything to do with launching a faux scandal. Or, is that fox scandal™? I don’t disagree, Darryl. And I think that we agree that Brian Ross’ suspiciously-timed piece had doodley-squat to do with the realities of the meltdown but everything to do with launching a faux scandal. Or, is that fox scandal™?

]]> http://thedemocraticdaily.com/2008/11/07/does-abcs-brian-ross-have-it-in-for-obama/comment-page-1/#comment-24095 Darrell Prows Sun, 09 Nov 2008 04:03:39 +0000 http://thedemocraticdaily.com/?p=3840#comment-24095 For what it's worth, my recollection of the exact finding about Freddie Mac accounting is that it brought profits in low in order to flatten out the peaks and valleys from a volatile market. The numbers were faulted, but not in any way that pumped things up unrealistically. All of that came from the private sector component of the mortgage industry. Their own abuses caused the private sector players to self destruct a year ago or so, leaving only Fannie, Freddie, and Ginnie to try to shoulder the entire weight of housing finance since then.Whatever the answer to this crises turns out to be, it cannot be unrestricted free markets for mortgages because that's what just brough the world economy to its knees. For what it’s worth, my recollection of the exact finding about Freddie Mac accounting is that it brought profits in low in order to flatten out the peaks and valleys from a volatile market. The numbers were faulted, but not in any way that pumped things up unrealistically. All of that came from the private sector component of the mortgage industry. Their own abuses caused the private sector players to self destruct a year ago or so, leaving only Fannie, Freddie, and Ginnie to try to shoulder the entire weight of housing finance since then.Whatever the answer to this crises turns out to be, it cannot be unrestricted free markets for mortgages because that’s what just brough the world economy to its knees.

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