If you’re anything like I am, you’re pretty steamed at the way Congress has acted throughout this financial crisis. Here’s a couple of salient facts you might NOT know:
- The sub-prime crisis is at the heart of the current financial crisis.
- The Clinton administration and the Democrat-controlled Congress were the ones that demanded that Fannie Mae and Freddie Mac loosen their qualifications requirements so that low-income people could qualify for a home loan.
- When the Republicans took over Congress, they did nothing to fix this problem. [Read more…] about Cleaning House.