Sub Prime Meltdown---The Truth

http://www.huffingtonpost.com/2013/01/01/pope-slams-capitalism-ine_n_2392653.html

He also denounced "the prevalence of a selfish and individualistic mindset which also finds expression in an unregulated capitalism, various forms of terrorism and criminality".

CAN you spell Fannie Mae and Countrywide ? Once a lawsuit was won it became a free for all because they knew the reigns were loosened. ACORN

Can`t blame Bush, his administration attemped 17 times to regulate Fannie Mae and as early as 2001 publicly denounced sub prime loans.

Watch the video on the Oversight committee questioning Fannie Mae officials. You`ll be disgusted...