From: AlleyCat <katt@gmail.com>
Newsgroups: alt.fan.rush-limbaugh,can.politics,alt.politics.trump
Subject: Here's Bad Economic News You Won't Hear From The Whining Trump Haters
Date: Thu, 1 Jan 2026 00:15:49 -0600
Organization: AlleyCat Computing, Inc.
On Wed, 31 Dec 2025 17:17:37 +0000, Lee says...
> Nov 2, 2025
> November 6, 2025
LOL
Since you and HoleMan always wanna live in the past:
Where was your whining then?
=====
The Great American Housing Bubble: Re-Examining Cause And Effect
ht tps://digitalcommons.du.edu/law_facpub/255/
The current quest to identify scapegoats upon whom to cast blame for the
housing bubble collapse are fundamentally misdirected inasmuch as all bubbles,
like all Ponzi schemes, inevitably collapse-the only question being one of
timing. Focus should instead be placed on who is REALLY to blame!
(see below)
=====
Housing Crisis: Latest News, Top Stories & Analysis - Politico
ht tps://www.politico.com/news/housing-crisis
Dec 14, 2012
Latest news, headlines, analysis, photos and videos on Housing Crisis
=====
Housing: Before, During, And After The Great Recession : Spotlight On ...
ht tps://www.bls.gov/spotlight/2014/housing/
September 2014
The housing market continued to soften, people began to lose their jobs, and
the banking industry was in crisis. This Spotlight on Statistics looks at
consumer expenditures on household items, employment in residential
construction and housing-related industries, prices for household items and
commodities, and injuries in occupations involved ...
=====
Understanding The Unemployment Picture: The Role Of The Housing ...
ht tps://www.stlouisfed.org/dialogue-with-the-fed/understanding-the-
unemployment-picture/videos/part-6-the-role-of-the-housing-collapse-in-
unemployment
November 20, 2011
NEARLY 2 MILLION PEOPLE LOST THEIR JOBS WHEN THE OVERBUILT HOUSING MARKET
COLLAPSED, with another 800,000 jobs lost in peripheral industries.
Christopher Waller discusses the ramifications.
=====
How The Housing Bubble Made A Bad US Job Market Worse
ht tps://www.chicagobooth.edu/review/how-housing-bubble-made-bad-us-job-
market-
worse
July 03, 2014
The housing bubble temporarily masked a long, steady decline in manufacturing
jobs and it diverted young workers away from the path to long-term employment.
=====
Monetary Policy And The Housing Bubble - Federal Reserve Board
HT TPS://www.federalreserve.gov/newsevents/speech/bernanke20100103 - A.htm
January 03, 2010
The financial crisis has been the most severe of the post-World War II era
and, very possibly--once one takes into account the global
============================================================================
Democrat Bahney Fwank's $10 Trillion Crash
That's right, shut-in.
Fwank's Fingerprints Are All Over The Financial Fiasco
HT TPS://duckduckgo.com/?q=boston.com+barney+frank+fingerprints&ia=web
************************************************
Key Democrats opposed the Federal Housing Enterprise Regulatory Reform Act of
2005, which would have established a single, independent regulatory body with
jurisdiction over Fannie and Freddie - a move that the Government
Accountability Office had recommended in a 2004 report.
************************************************
Barney Frank And Democrat Party Most Responsible For 2008 Economic Collapse
It's beyond asinine that Democrats blame Bush for ruining the economy, and
praise Clinton as having the mostest wonderfulest economy ever, when it was a
Clinton program that ruined the Bush economy. But that's the mainstream media
narrative for you.
************************************************
'THE PRIVATE SECTOR got us into this mess. The government has to get us out of
it."
That's Barney Frank's story, and he's sticking to it. As the Massachusetts
Democrat has explained it in recent days, the current financial crisis is the
spawn of the free market run amok, with the political class guilty only of
failing to rein the capitalists in.
The Wall Street meltdown was caused by "bad decisions that were made by people
in the private sector," Frank said; the country is in dire straits today
"thanks to a conservative philosophy that says the market knows best." And
that philosophy goes "back to Ronald Reagan, when at his inauguration he said,
'Government is not the answer to our problems; government is the problem.' "
In fact, that isn't what Reagan said. His actual words were: "In this present
crisis, government is not the solution to our problem; government is the
problem." Were he president today, he would be saying much the same thing.
Because while the mortgage crisis convulsing Wall Street has its share of
private-sector culprits -- many of whom have been learning lately just how
pitiless the private sector's discipline can be -- they weren't the ones who
"got us into this mess." Barney Frank's talking points notwithstanding,
mortgage lenders didn't wake up one fine day deciding to junk long-held
standards of creditworthiness in order to make ill-advised loans to
unqualified borrowers. It would be closer to the truth to say they woke up to
find the government twisting their arms and demanding that they do so - or
else.
The roots of this crisis go back to the Carter administration. That was when
government officials, egged on by left-wing activists, began accusing mortgage
lenders of racism and "redlining" because urban blacks were being denied
mortgages at a higher rate than suburban whites.
************************************************
Only people can who understand how politics and the economy work know this.
Whose Fault was It?
By far the most dangerous myth is that deregulation is the root cause of the
problem.
The culprit was a system geared toward loaning money to people who were not in
a position to pay it back. Two policies underpinned that system: easy money by
the Federal Reserve and the government-induced lowering of standards for
approving loan requests.
In a recent paper for the Independent Institute, University of Texas professor
Stan Liebowitz argues that "in an attempt to increase homeownership...
virtually every branch of the government undertook an attack on underwriting
standards starting in the early 1990s... the Clinton era."
Starting with the creation of the Federal Housing Administration in 1934 and
all the way to the norms that made Freddie Mac and Fannie Mae acquire
substantial loans given to people with weak credit.
Not surprisingly, once the Fed expanded credit, astronomical amounts of
capital poured into a housing market that people assumed was protected by the
government. What came next was a consequence of the original sin.
Freddie Mac, Fannie Mae, H.U.D., Bahney Fwank, Bill Clinton, Andrew Cuomo.
Who is responsible for the crash?
Democrats' lobbyist-induced denial to regulate Housing, led to Wall Street
collapse:
Barney Frank: I don't see anything in this report that raises safety and
soundness problems.
"These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind
of financial crisis," said Representative Barney Frank of Massachusetts, the
ranking Democrat on the Financial Services Committee.
"The more people exaggerate these problems, the more pressure there is on
these companies, the less we will see in terms of affordable housing."
************************************************
Anatomy of a bubble
Step 1. The intoxication: "My house is worth millions!" From 1995 - 2005, the
number of sub-prime mortgages skyrocket. So did the house prices.
Step 2. The hangover: "Oh my God, my house isn't selling. What went wrong?"
WHY DIDN'T SOMEONE TRY TO STOP IT?
Someone did:
********* "The Bush administration today recommended the most significant
regulatory overhaul in the housing finance industry since the savings and loan
crisis a decade ago." - The New York Times, September 11, 2003.
***************
But someone intervened to stymie the Bush administration. Who? The New York
Times reports:
Supporters of the companies said efforts to regulate the lenders tightly under
those agencies might diminish their ability to finance loans for lower-income
families. . . . "These two entities - Fannie Mae and Freddie Mac - are not
facing any kind of financial crisis," said Representative Barney Frank of
Massachusetts, the ranking Democrat on the Financial Services Committee. "The
more people exaggerate these problems, the more pressure there is on these
companies, the less we will see in terms of affordable housing."
"The Bush administration today recommended the most significant regulatory
overhaul in the housing finance industry since the savings and loan crisis a
decade ago."
"Under the plan, disclosed at a Congressional hearing today, a new agency
would be created within the Treasury Department to assume supervision of
Fannie Mae and Freddie Mac, the government-sponsored companies that are the
two largest players in the mortgage lending industry."
http://tinyurl.com/6lp5qu
"McCain Letter Demanded 2006 Action on Fannie and Freddie"
"Sen. John McCain's 2006 demand for regulatory action on Fannie Mae and
Freddie Mac could have prevented current financial crisis, as HUMAN EVENTS
learned."