They Gave Your Mortgage to a Less Qualified Minority - HUMAN EVENTS

"In Bush's first year in office, the White House chief economist, N. Gregory Mankiw, warned that the government's 'implicit subsidy' of Fannie Mae and Freddie Mac, combined with loans to unqualified borrowers, was creating a huge risk for the entire financial system.

Rep. Barney Frank denounced Mankiw, saying he had no 'concern about housing.' How dare you oppose suicidal loans to people who can't repay them! The New York Times reported that Fannie Mae and Freddie Mac were 'under heavy assault by the Republicans,' but these entities still had 'important political allies' in the Democrats."