With GSE's being guaranteed by the government... really our current situation (with the government completely taking over Fannie/Freddie) is not much different from what McCain proposes and I believe it was something similar to what FDR did during the great depression when they first created Fannie and Freddie.

And Maladroit.. you're foaming at the mouth there. Calm down, not everything is Bush's fault believe it or not. Before you pointed out that Bush's reform's for Fannie and Freddie was for the accounting errors that created huge losses for both of these entities. When you lose billions and billions of dollars in "accounting errors" and ceo's and other chairman are making huge bonuses because of these accounting errors.. do you honestly feel that this does not contribute to the crash of the mortgage crisis?

Coupled by the fact that subprime lending to people who honestly should not be getting loans (if you determine who should get loans by calculated risk) and have defaulted on their mortgages has really hurt this industry.

Let's put it this way. I recently got a large loan for a house.. even *I* wouldn't of given myself the loan. If I didn't make my current salary and the total payment of the house including insurance, escrow, pmi, etc etc was not below 20% of my income then I would have refused the loan. I have poor credit and would not trust me if I was a lender.

There is more at hand for the mortgage crisis than the current administration; believe it or not. I think even Dragonrider and I have agreed on this slightly to some degree... and we take very different stances typically.

There is just too much history of poor dealings and corruptness seeping out of many of these companies and entities for me to lay the blame solely on ANY administration. This is a problem that's been brewing and snowballing since 1992. The bubble finally burst and all hell broke loose..

but think what you will, I know you'll counter with another anti bush statement. :hippy: ... just to reitterate, I do not like Bush either, so don't try to paint me a Bush lover.

If I had it my way I would have Ron Paul on one of the Major Tickets instead. I have no doubt that Ron Paul would pick a strong cabinet to make up for some of his weaker areas.

What I liked about Ron Paul is his lifelong commitment to less taxes, less government, and reform. In addition to this he sits on a foreign policy committee and has a strong history against pork barrell programs and bi partisanship.

What I didn't like about Ron Paul was his idea to withdraw just about all our troops worldwide in order to cut spending in the military (I believe in maintaining a strong military and strong presence where allowed) and I questioned his thoughts on eliminating the Federal Reserve. However this is nothing that a few strong cabinet members and a good VP couldn't fix.

He was the most genuine of all the candidates yet his own party mocked him. That really chaps my hide.