Is it fair to blame Obama for job losses that occurred from subprime mortgage meltdown caused by Fannie Mae?
Is it fair to blame Obama for job losses caused by the Subprime Mortgage Meltdown when congress failed to prevent Fannie Mae from recklessly inflating real estate prices and using greedy derivative traders like George Soros to pack toxic real estate debt into every cranny of the global economy? Obama was only a one term junior Senator of Illinois at the time and it seems unfair to think he was responsible for anything at that point...do you agree?
Asked By: Smart Guy - 6/6/2012
Best Answer - Chosen by Asker
No, blame the Democrats... More
Answered By: Obama Ate a Dog - 6/6/2012
Additional Answers (4)
It’s also quite wrong to put all the blame on Fannie Mae, when Fannie Mae was a small portion of what was behind the devastating collapse -- the deregulation of Wall Street is mostly to blame. You know, the same thing Mitt Romney would like to do again if he takes office.
Answered By: VoteVoteVote - 6/6/2012
We aren't blaming Obama for that...we are blaming him for lying to us about fixing it.
Answered By: -_- - 6/6/2012
"Do I agree" No, not entirely, Reagan fixed a mess in three years what is Obama's excuse? 0 right Obama was not qualified for the job in the first place. Have a nice day
Answered By: Sandy Kroger - 6/6/2012
Obama, Clinton and Acorn teamed up in the late nineties to start making banks loan to black folk that couldnt afford to pay the loans back, thats where the housing mess started. Look it up
Answered By: Excuse Me - 6/6/2012
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