General Discussion
In reply to the discussion: Unsealed court-settlement documents reveal banks stole $trillions' worth of houses [View all]Xyzse
(8,217 posts)However, I can see where you're coming from. I still feel like we didn't have a better choice. I actively worked against him in the Democratic primaries but as soon as he won the candidacy, he's still the only logical choice with Sarah(yes, I still think Obama saved McCain's life by winning the Presidency) and Mitty being the alternatives, so I worked towards getting him elected.
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Where I can find fault in him, in this regards deals with the fact that he didn't push for cabinet appointments better, nor did he push for accountability harder.
Saying that, there were other priorities that has been going on that took precedence.
The other problem was that instead of framing the debate in his terms, he discussed and negotiated under the Republican terms.
I was frustrated with how the bail outs were structured and how there was a lack of oversight in regards to the mortgage lending industry, where many loans were packaged outside the purview of Fannie and Freddie. The bundling created a huge mess.
Then, add to the fact that he now wants to get rid of Fannie and Freddie(Government Sponsored Enterprises), just makes me a bit more concerned.
http://www.npr.org/2011/02/15/133777142/End-Of-Fannie-Mae-Freddie-Mac-Will-Affect-Minorities
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Still, the laws and regulations that allowed this to go through was enacted before he became President.
I must admit though that he was unable to put a handle on matters and of course, the method of dealing with it was finding what would be best for the banks rather than the people.
Some of those methods were here:
http://www.npr.org/templates/story/story.php?storyId=130109996
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