Tuesday, October 7, 2008

This drum still ain't broke...

...so I guess I'll beat it a bit more.

In The LawDog Files: Goodness. Law Dog points us at a New York Slimes Times (in this case I'll be nice to them) piece from 1999 in which it is announced that Fannie Mae has acceded to President Billy Jeff Clinton's demands and made it easier for poor folks to get a home loan.

Nine years ago.

President Clinton.

Furthermore, said article sounds alarms about how, should Fannie Mae and Freddie Mac take on too many bad debts, the Federal Government--read "American taxpayers"--would be obliged to step in and bail them out.

Nine years ago.

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