| New York Times Prediction on Fannie Mae |
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The New York Times has a selective memory in its biased reporting. I bet that they didn't bring up either the Clinton Administration nor Franklin Raines much during an examination of the housing crisis bubble.
From a friend of mine:
I believe Fannie Mae playing fast and loose with credit requirements is a result of the liberal definition of "equality". They believe in equal outcomes, not equal opportunity. Equal opportunity means that anyone who can afford to should be give the chance to purchase a home Liberals can't stand this because that means some people will still have to rent until they accumulate the funds and establish the necessary financial stability to buy a home. To them, this is just not right. It's exclusionary, it's downright MEAN. Liberals are more invested in equal outcomes -- assuring results without asking people to work for and thus be eligible for them... And I also think many liberal homeowners feel guilt because they own and others don't. Oy vey, this is a recipe for disaster... Here's a reality check:. Home ownership is NOT a "right". It is a privilege that is earned. .. Uh oh, that must mean I'm a racist. And while we're at it, God bless America.
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