Please take your own advice and "do your research" before you embarrass yourself further. You can thank Barney "I didn't know my boyfriend was running a prostitution ring from my house." Frank for the "houses for everybody" mindset at Fannie Mae and Freddie Mac. Bush called for MORE regulation and was attacked by Chris Dodd and Frank.Al gore predicted the recession 6 years before we got into trouble. He told George bush and the American people many times of the looming collapse. But bush insisted on this "houses for everyone" bologna. Remember buying a house with no credit check or down payment? Just handing out houses to anyone who wanted one? It was the democrats that opposed it. And people are blaming Dems now? please. And it took 10 years for it to destroy us. Recession actually began when bush was in office. Do your research. And don't just get your info from Fox News. And, if we are not careful, same thing will happen with university systems. I dont agree with everything obama is doing either. although i am democrat. Obama is pushing this "college education for everyone", which is equally as dangerous. Not everyone needs to go to college. Not everyone can afford it. And more grads have student loan debt and no way to pay it back. Just like with housing debacle that started this recession to begin with.
"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."
But I actually do agree with you on the student loan situation. A lot of kids are not cut out for a four year college and pushing those square pegs into round holes does no one any favors but the colleges who make money whether they graduate or not. The student loan program just gives colleges more freedom to keep upping tuition costs.