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Saturday, October 16, 2010

Giant wave of iffy foreclosures - don't blame Obama

IS THAT THE NEXT TO LAST SHOE DROPPING?

As with President Carter, it was the Senate Democrats who "defeated" the administration, as much as GOP complacence. [So go to Act Blue, not DSCC?]

Complacence was really a kind of celebration, apparently, for Senator Grassley (R), who even took the opportunity to fundraise on the backs of the newly homeless.

And don't blame FNMA. No matter what you think of Raines, was Daniel Mudd qualified to run the place, apart from his GOP political affiliation? (I mean, he ran Fannie for two years without a chief risk officer. Hired Enrico Dallavecchia. Fired him, when he began to warn about the overheated market.)?